Kelly Financial: Saturday, August 16, 2025

Episode Transcript

Speaker 1 (00:12):
It is coming to us.

Speaker 2 (00:20):
Ladies and gentlemen, Welcome to Safe Money Strategies on WRKO.
I'm William Kelly and it's an honor to carry on
a family legacy rooted in real world values and practical advice.
Kelly Financial was founded in two thousand and three by
my parents, my late father Bill Kelly and my mother
Kelly Kelly and Braintree and Burlington, Massachusetts. Just two years later,

(00:41):
Dad launched Safe Money Strategies on WRKO as a no
nonsense call in radio show focused on common sense planning
and protecting wealth. Over the past two decades, Dad became
a pillar in New England finance, an engineer, turn entrepreneur,
author and philanthropist who believed in giving back and walking
the talk. Since one thousand and five, our show has
remained a Saturday morning staple, offering insight and empowerment. Here

(01:06):
at Kelly Financial, we help steward over seven hundred million
dollars across our affiliated business, including more than five hundred
million dollars managed by our sec registered investment advisory, where
fiduciary care and our family first philosophy guides us on
safe money strategies. You'll hear candid conversations with the team,
my mother Kelly, myself, advisors Charlie Gable, Mike Ducett, Greg Workman,

(01:29):
Greg Murray, my sister Mary Madeline, and Tom Schlager. We
live by two rules, never quit and carry on, and
we're here to help you do the same when it
comes to your money. Stick around, take notes and join
the conversation. To learn more, or get our free guides
or schedule a consultation, visit Kelly Financial dot org or
call us at eighty eight eight eight hundred one eight

(01:51):
eight one. This is Safe Money Strategies. Next up Forever
Young with Kelly Kelly and myself, William Kelly Junior.

Speaker 3 (02:03):
Safe Money Strategies with William Kelly and Kelly Kelly eight
hundred eighteen eighty one.

Speaker 4 (02:17):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is the part of the show we call Forever Young
is where I sit down with my handsome son, William
Kelly Junior, and we talk about life, what's going on

(02:38):
in the world, and our family and what really matters
most when you're planning for the future. Sometimes is light,
sometimes is thoughtful, but is always real.

Speaker 2 (02:48):
Good morning William, Good morning Mom. So today in the world, Mom,
there has been a lot of action in the political
side of things in America DC. I'm sure all you've
been to d C, I PC. We have family and
friends who go to GW. I'm sure we have a
lot of folks who are connected with DC, you know.

(03:08):
I'm sure we know some people who are in politics
in DC. Is the capital of the United States of America,
but it's probably one of the most dangerous places you
can also be simultaneously. This is the crown jewel of
the United States, and it's very dangerous. And I think
that that has been a problem going on for many years.
And whether you look at statistics or not, even though
statistically it is dangerous, but if you look at statistics

(03:30):
or not, all you have to do is be there
or you know people who live there, which I do,
and they'll tell you what the situation is like. It's
a beautiful city. It's like Boston. It has a lot
going for it. It's a gorgeous city. But like a
lot of the major cities in the United States, it's
probably more dangerous than some third world countries, which is

(03:51):
a shame.

Speaker 5 (03:52):
And I know that's a bold statement, but it's the truth.

Speaker 2 (03:54):
And a lot of people who've traveled to third world
countries and considerably dangerous places. We lived in a high
crime area when we moved to the Dominican Republic. We
lived in a city with a lot of crime, and
I felt pretty safe there.

Speaker 5 (04:07):
I would say at nighttime it's a different scene.

Speaker 2 (04:09):
But during the daytime, you know, you don't wear any
jewelry and you just go and play baseball out in
the field and you know your own So that says something.

Speaker 5 (04:19):
And recently, a young kid who was on.

Speaker 2 (04:21):
The Doge team, because when Elon Musk was spearheading that
project months ago, he hired a bunch of talented young
college kids. I think they're around college age, and one
of them was with his girlfriend in DC and he
has a nickname I can't say on the show, but
it's pretty funny. On August third Sunday, near Logan's Circle,

(04:42):
Corstein and his significant other were approached by a group
of ten juveniles attempting to carjack them. Corstein pushed his
girlfriend into the car so she could drive away, and
he remained there to deal with the carjacker. So if
you look up his nickname, which I'm going to tell
you is inappropriate, I would say his nickname very well
applies to him. And for what he did, he's he
put his girlfriend's priorities before himself and his girlfriend got

(05:04):
out safely with the car. He was beaten to a
pulp and if you look at the photo, it's atrocious
what they did to him.

Speaker 5 (05:11):
Luckily he's okay.

Speaker 2 (05:12):
Now, Donald Trump decided to go ahead and do a
complete crackdown on DC. Essentially, it's a police date right now.
It's under federal scrutiny. Police are everywhere, They're on the
street everywhere. They're just they're pulling in El Salvador and
they're just removing all the crime. So I believe it
is El Salvador that is currently went from zero to

(05:32):
hero in terms of their recent president, who has the
highest approval rating in any country. He eliminated almost all
the crime, and basically what is happening in DC is
similar to that.

Speaker 5 (05:45):
So there's been that crackdown.

Speaker 2 (05:48):
And to be honest, I don't know what your opinions
are on Donald Trump. Ladies and gentlemen, whether you like
or dislike him, that's irrelevant. This is a big win
for the country. I think that safety should be our priority,
and I think that sanctuary cities are kind of a plague,
and I think that they can cause a lot of
destruction that's unnecessary. These are the beacons on the hill.
It's the shining city upon the hill. Boston, DC, you know,

(06:13):
Baltimore at one point, you know Chicago at one point,
you know Detroit. Detroit was an amazing place, and things
are getting slightly better. But crime needs to be handled.
In my opinion, I think that's good news. I think
justice is being served, and I think that these cities
kind of need to be perched a little bit because
the crime is unacceptable. That has no place here in
the United States. I don't care who you are or

(06:35):
what you think. I think that's a very agreeable point,
Great William. So that's one piece of good news there.
And there's another good piece of news in this administration.
Robert Kennedy RFK JUNR is making his father and his
uncle very proud.

Speaker 5 (06:50):
They're smiling down from heaven right now.

Speaker 2 (06:51):
He is cracking down on health insurance prior authorization, so
he's putting a lot of pressure on these companies right
now to limit their restrictions and to limit the amount
of times they make it difficult to get the claims
that people deserve and that people need and that people
are paying for. Because it has been an abuse system,
and ladies and gentlemen, there is an incentive to deny claims.

(07:15):
The best way to make money for insurance companies is
to deny claims.

Speaker 5 (07:19):
It gives them the most profit at this point.

Speaker 2 (07:21):
I don't know what they were doing beforehand, but recently
health insurance and insurance companies have realized that if we
put a lot of pressure on consumers by scaring them
and making them think that if they want to get
this claim, they have to sue us, which would make
them even more scared because the consumer thinks that they
would lose in a big legal battle, even though fun
facultladies and gentlemen, if you deserve the care, then you
would win in the legal battle, so I recommend you

(07:43):
sue when you can. This puts pressure on insurance companies
so they don't do that. So unfortunately, right now it's
more of a pledge than it is an enactment of law,
But eventually it's going to head into that direction.

Speaker 5 (07:57):
I believe so. Robert Kennedy has been working really hard
in that direction.

Speaker 2 (08:00):
I think RFK is kicking butt, and I think Donald
Trump made the right decision in terms of the whole
Marshall law thing. I think DC and a lot of
these sanctuary cities need.

Speaker 5 (08:09):
A quick perge.

Speaker 6 (08:10):
So excellent.

Speaker 4 (08:11):
Well, we appreciate your thoughts, will youam, And so tell
me what's going on in the on the personal side.

Speaker 2 (08:18):
Personal side, my Jim friend and my copowerlifter. He's got
a meat coming up. He's been prepping for this for
a long time. I already had my meat a while ago,
and so we're doing the same program together. I just
hit four point fifty for five on the back squad,
so I'm staying strong.

Speaker 5 (08:36):
Ladies and Jellen excellent.

Speaker 4 (08:38):
Well, yeah, Well, my sister and her husband left recently.

Speaker 6 (08:43):
We had a great week with them. It was wonderful.

Speaker 4 (08:47):
We even last weekend we saw Katy Perry, and yeah,
tell us.

Speaker 5 (08:52):
More about that. I hear Katie Perry is quite the athlete.

Speaker 6 (08:56):
She is, and she puts on quite the show.

Speaker 2 (09:00):
I am very jealous of you, and I am very
jealous of the whole crowd that.

Speaker 4 (09:05):
Night, all girls, and you stayed, you hung out with
Uncle Gary.

Speaker 5 (09:11):
Yes, we stayed and we watched Band of Brothers all.

Speaker 6 (09:14):
Night and ordered Chinese and order Chinese.

Speaker 5 (09:17):
Honestly, you know, I think that was the kind of
night we wanted, exactly. Great show.

Speaker 6 (09:23):
Georgia is running strong.

Speaker 2 (09:25):
She's kicking. But that's my dog. My mom is pulling
up her steps today.

Speaker 4 (09:30):
Oh yeah, she's five ninety one, jeez, number three and
Karen Terriers and number five in Rhode Island.

Speaker 5 (09:37):
Holy on this FI app.

Speaker 4 (09:39):
So those of you who have been following us along
with the results of Georgia are car and Terrier.

Speaker 6 (09:45):
She is moving along.

Speaker 2 (09:47):
Ladies and gentlemen, If you'd like to gamble on this,
I recommend you do because I'm going to give you
some insider information. We're feeding Georgia. She went from like
three hundred and seventy calories to four hundred and ten
calories per meal. Now that she's getting to a really
light weight and she's running all these steps.

Speaker 4 (10:02):
Have there been some days where she hit eighty thousand
steps That is twenty miles for a dog her size
and her.

Speaker 2 (10:08):
Marathon that's insane. A marathon, Ladies and gentlemen, she needs
extra food. I think she's earned it. I think she's
gonna probably walk even more steps. And the crazy thing
is is that through the farmer's Dog, which is the
service that she gets her food from, it's all natural,
you know.

Speaker 5 (10:25):
Procured food.

Speaker 2 (10:27):
It said that for a pro athlete dog, they need
to move over two miles a day, right, correct, Yeah,
he's a gentleman. My dog is moving twenty miles like
every couple of days.

Speaker 4 (10:37):
So we changed her from active in her profile to
pro athlete.

Speaker 5 (10:41):
Yes, ma'am. I honestly don't know if that's enough calories.

Speaker 2 (10:43):
But she's chasing birds, running around, she's checking out the area.
She'll stop for a little bit and then she'll keep
going and the next thing you know, she's running loops
in our backyard. When she was a puppy, she was
doing it, and she's six years old and it's like
none of that puppy energy has left her at all.

Speaker 5 (11:00):
It's so we're very proud of you, Georgia.

Speaker 6 (11:03):
Do keep us on your dial.

Speaker 4 (11:04):
We've got a lot of great content coming your way,
Mike d said, and Greg Workman will unpack why August
and September are historically the market shakiest months, and how
a written plan can keep your retirement steady. Mary, Madeline
Kelly and Greg Murray will share smart strategies for the
Sandwich generation to care for loved ones without sacrificing their

(11:27):
own financial retirement.

Speaker 6 (11:29):
I will be.

Speaker 4 (11:30):
Back with William and together we'll walk you through your
ten year and five year retirement checklist, practical easy steps
to help you plan ahead and step into retirement with confidence.
And of course we'll close the hour with some wit
and wisdom from the late Bill Kelly. His words continue
to inspire and guide us. That's a wrap for forever young.

(11:53):
Thank you for listening, and William, thank you for joining me.
I love you, honey, I.

Speaker 5 (11:58):
Love you too.

Speaker 7 (12:07):
I'm John Boudris and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly, who today tests time time.

Speaker 8 (12:17):
You don't have as much left today as you had yesterday.
It's the rule of science. When's the best time to
plant a tree twenty years ago? When's the second best
time to plant a tree? Tomorrow? Today? Whenever you can
get to it, that's the next best time.

Speaker 7 (12:32):
There's no time like the present to begin saving, planning
and enjoying retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and a retirement
well lived. Go to Kellyfinancial dot org or call eight

(12:53):
eight eight eight hundred eighteen eighty one to spend some
time with one of our financial advisors.

Speaker 5 (12:59):
Time ladies, and it's not too like.

Speaker 7 (13:01):
We are Kelly Financial. Come retire with.

Speaker 3 (13:04):
Us safe money strategies brought to you by Kelly Financial Services.
Call A eight eight hundred eighteen eighty one. We'll go
to Kelly Financial dot org. Come retire with us. Okay,
my friends, let me ask you.

Speaker 1 (13:23):
Are you ready for retirement or are you just hoping
it's all gonna work out.

Speaker 5 (13:29):
You've worked hard.

Speaker 1 (13:30):
You've saved up, maybe built a solid four oh one
pay but now you're staring down rising taxes, inflation, healthcare costs,
and asking will mind money actually last? Well, here's the deal.
The team at Kelly Financial has your back. They've put
together a free investor guide. It's called Your Retirement Income

(13:51):
Planning Checklist, and it's exactly what smart retirees need to
stop guessing and start planning.

Speaker 9 (13:58):
This thing is packed.

Speaker 1 (14:00):
It covers social security strategies, long term care, how to
protect your income, and how to work with a fiduciary
advisor to build a plan that fits for you and
your lifestyle. If you're typing up your summer budget or
thinking long term, this guide is a must.

Speaker 10 (14:18):
So.

Speaker 1 (14:19):
To get a free coffee, call eight eight eight eight
hundred eighteen eighty one eight eight eight eight hundred eighteen
eighty one or email Kelly at Kelly Financial dot org.
Kelly at Kelly Financial dot org.

Speaker 9 (14:35):
Hello and welcome to Safe Money Strategies.

Speaker 11 (14:37):
I'm Mike Ducett, chief operating officer at Kelly Financial Services.
If you are retired or thinking about retiring soon, this
show is designed.

Speaker 5 (14:47):
Especially for you.

Speaker 11 (14:48):
Want to help you protect your savings and enjoy your
retirement without the stress of market ups and downs. Joining
me in the studio as he typically does each weekend,
is my colleague, Greg Work, investment advisor here at Kelly
Financial Services.

Speaker 5 (15:03):
Greg. Great to have you back, Thanks, Mike, great to
be here again. Today.

Speaker 12 (15:08):
We're going to talk about something that happens every year
but still surprises a lot of people. The market tends
to be bumpy in August and September.

Speaker 5 (15:18):
Greg.

Speaker 11 (15:18):
A lot of folks don't realize that August and September
have a long history of being some of the worst
months for stocks. Can you break that down for our listeners?

Speaker 5 (15:28):
Sure? Thing.

Speaker 12 (15:29):
It's really interesting when you look at the S and
P five hundred, for example, over the past seventy years,
September has been the weakest month on average.

Speaker 5 (15:39):
August isn't far behind either.

Speaker 12 (15:41):
Analysts say that in September the market often experiences declines
because investors are returning from summer vacations and adjusting their
portfolios before the end of the quarter. Sometimes economic uncertainty
or global events can also contribute.

Speaker 11 (15:58):
So this isn't just random noise is it's a patent
we see again and again exactly.

Speaker 12 (16:03):
And the problem is for retirees who rely on their
investments for income seeing those dips, it can create a
lot of fear. It's easy to want to sell when
things go down.

Speaker 11 (16:15):
Right, and that's something we talk about a lot here
at Kelly Financial. The biggest threat to your retirement savings
isn't the market itself, it's your emotions.

Speaker 12 (16:23):
Absolutely. It's called panic selling. When the market drops some
investors sell off their stocks in a panic, locking in
losses instead of waiting for the recovery. That behavior is
one of the biggest reasons average investors tend to earn
less than the market.

Speaker 11 (16:42):
The data backs this up too for years to help
our studies have shown that average investors underperform the market
by a significant margin, mostly because they buy high in
good times and sell low when things get scary.

Speaker 12 (16:56):
So how do we help clients avoid that? At Kelly
Financial we emphasiz having a written financial plan, not just
a portfolio, but a roadmap that guides your decisions through
every season.

Speaker 11 (17:09):
A written plan gives you clarity on your income sources,
how your money is allocated, and what to do during
market ups and downs. It reduces emotional decision making because
you have a strategy to follow.

Speaker 12 (17:21):
And it answers key questions like how much risk am
I really taking, where's my income coming from, what happens
if the market drops.

Speaker 9 (17:30):
Let me share a story.

Speaker 11 (17:32):
Last year, a couple came to see us just a
few months into retirement.

Speaker 9 (17:36):
They'd been watching their portfolio fall, and we're.

Speaker 11 (17:39):
Thinking about pulling everything out of stocks to avoid more losses.

Speaker 12 (17:43):
That's a tough place to be without a plan, it
feels like the only choice.

Speaker 11 (17:48):
Exactly, we sat down with them and created a written
plan tailored to their needs. We separated their assets into buckets.
Some money was set aside in safer investments to cover
living expenses is for a couple years, while the rest
was allocated for growth.

Speaker 12 (18:04):
That gave them the confidence to stay invested and avoid
selling in a downturn. Now, even when markets get shaky,
they know their income is protected. Let's clear up a
big misconception. The myth is if I can time the
market right, I can avoid losses.

Speaker 5 (18:24):
But here's the fact.

Speaker 12 (18:26):
The best days in the market often come right after
the worst. Missing just a few of those uptick days
can seriously reduce your long term returns.

Speaker 11 (18:38):
Which is why trying to guess when to get in
and out really works. A well crafted plan helps you
stay the course. Greg, one of the things I hear
from clients all the time is how much they appreciate
our regular communication. It's not just about checking on their
rate of return. Our advisors actually spend time reviewing the

(18:58):
whole picture with clients.

Speaker 12 (19:00):
Absolutely, Mike, we don't just send them a statement and
say here's your return. We take the time to explain
why their portfolio performed the way it did, and, most importantly,
any adjustments we made along the way.

Speaker 11 (19:14):
Right For example, if we've shifted some assets to reduce
risk because we see potential market turbulence ahead, we don't
keep that a secret.

Speaker 9 (19:22):
We want our clients to know what we're doing and why.

Speaker 12 (19:25):
And beyond performance and changes, we discuss our outlook moving forward,
what economic or market trends we're keeping an eye on,
and how those might impact their financial plan. That kind
of proactive communication gives our clients peace of mind. They
know we're not just sitting back waiting for things to occur.

(19:46):
We're actively monitoring their portfolios and adapting those models as needed.

Speaker 11 (19:52):
It's that peace of mind that often makes the biggest
difference when markets get shoppy, especially in months like August
and September. Clients feel reassured because they know we're on
top of things exactly.

Speaker 12 (20:03):
Mike and I want to emphasize how important that communication
is in avoiding emotional decisions. When clients hear from us regularly,
they're less likely to panic, sel or make knee jerk moves.

Speaker 11 (20:16):
One of our clients shared with me recently how during
a particular volatile period. They felt calm because we had
already discussed the possibility of ups and downs in what
our plan was to handle them.

Speaker 12 (20:29):
That's the difference a plan plus ongoing dialogue makes.

Speaker 5 (20:33):
It turns uncertainty into confidence. Greg.

Speaker 11 (20:36):
For listeners wondering if they're getting this kind of service,
how often do our clients typically hear from you?

Speaker 12 (20:43):
We like to connect at least quarterly, but often more frequently,
depending upon the client's needs or market conditions. Sometimes it's
a quick phone call, sometimes a detailed review meeting.

Speaker 11 (20:55):
And during those reviews, it's not just numbers and charts,
it's a conversation out their goals, any changes in their life,
and how their plan fits into that exactly.

Speaker 12 (21:05):
We want clients to feel heard and understood. It's their money,
their future, and we're here to guide them every step
of the way.

Speaker 9 (21:14):
We'll be right back after this shortbreak.

Speaker 11 (21:16):
When we return, Greg and I will dive deeper into
what a written financial plan includes and how you can
get one yourself completely free with no obligation. Stay tuned
to save money strategies.

Speaker 5 (21:28):
We'll be right back.

Speaker 3 (21:34):
Kelly Financial Services eight hundred eighteen eighty one.

Speaker 13 (21:39):
I believe that this nation should commit itze to achieving
the goal of landing a man on the Moon and
returning him safely to the Earth six five or three
two one zero All.

Speaker 8 (21:55):
Engine run.

Speaker 1 (21:58):
Let got to follow eleven.

Speaker 7 (21:59):
Remember those Apollo Moon missions one of America's greatest adventures
and achievements too. The nation set a goal and then
realized it. What are your goals? At Kelly Financial Services,
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach

(22:19):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kellyfinancial dot org. Where do you
want to land Tangalitybavior be landed. We are Kelly Financial Services.
Come retire with us.

Speaker 3 (22:39):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 5 (22:47):
Good morning.

Speaker 10 (22:47):
This is Greg Murray, Senior Vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our wealth advisors. How are you
doing today?

Speaker 3 (22:57):
Hi?

Speaker 14 (22:57):
Greg, I'm doing great. Thanks for asking. I can't believe
summer will be coming to a close soon. I feel
like it just began. But I am very excited for
this month to end, specifically for the reason that I
will be getting a puppy in two weeks.

Speaker 10 (23:10):
This year has gone by way too quickly. I feel
like yesterday was New Year's Eve and now here we
are in August. And thank you very much for taking
on that responsibility. I'm super excited that we'll be getting
an office dog. Now what breed is the office going
to be getting.

Speaker 14 (23:24):
She's a cockaboo, which is a mix between cocker spaniel
and a miniature poodle, and I am naming her Ta
Lula or Lula for sure. Currently her name is Watermelon
because she was born on the fourth of July. I
am just so excited for this addition to my life.
But I do have to be careful bringing her home
to my family because of our family dog, Georgia, she

(23:46):
might get a little jealous.

Speaker 10 (23:47):
That is a very patriotic dog. Have you thought about
calling her Sam? I bet overtime, Georgia will be excited
to welcome Lula into her world.

Speaker 15 (23:54):
You're probably right.

Speaker 14 (23:56):
And I'm excited for today's topic because it's one that
hits really close to home or a lot of the
families that we work.

Speaker 10 (24:01):
With absolutely Today we're talking about the Sandwich generation, those
folks who are caught in the middle of caring for
aging parents while also supporting kids, sometimes even adult children.

Speaker 15 (24:11):
Yep, you're stuck between two slices of bread.

Speaker 14 (24:13):
Right on one side, you've got rising elder care costs
and navigating medicare or long term care. On the other side,
you're helping your kids with college tuition, housing, or just
getting on their feet, and somehow you're still supposed to
be saving for your own retirement.

Speaker 10 (24:27):
It's a lot, and we're seeing more and more clients
in their fifties and early sixties who feel pulled in
every direction emotionally, physically, and financially.

Speaker 14 (24:35):
One of the biggest risks we've seen is that people
in this situation often sacrifice their own retirement to help
everyone else. Whether that's dipping into their four h one
k early, delaying contributions, or spending down savings to help
with a parent's care or a child's rent.

Speaker 10 (24:51):
It adds up fast, and we always say there are
no scholarships for retirement. You can borrow for college, you
can sometimes even get help with eldercare, but if you
short in your future self, No one's coming to the rescue.

Speaker 15 (25:02):
That's such a good reminder. And here's another layer.

Speaker 14 (25:05):
Many of our clients didn't plan on having these responsibilities
all at once. Maybe mom or dad's health to client suddenly,
or a child moves back in after college.

Speaker 15 (25:14):
It's rarely part of the original plan.

Speaker 10 (25:16):
So what can people do? Let's share some practical advice.
First up, build a flexible financial plan. You want a
retirement plan that assumes life is going to throw you.

Speaker 14 (25:26):
Some curve falls exactly, and that includes having a liquid
emergency fund. We usually recommend six to twelve months of
expenses in cash or high yield savings account, especially for
these Sandwich generation families.

Speaker 10 (25:37):
Second, it's important to have those hard conversations early.

Speaker 5 (25:40):
Talk to your parents about.

Speaker 10 (25:41):
Their wishes, their healthcare directives, and what financial support they
may or may not have. The same goes for your kids.
Set boundaries if you need to, Yes.

Speaker 14 (25:50):
I always tell clients being honest about what you can't
do financially is just as important as knowing what you
can do. You're not being selfish by protecting your retirement,
You're being smart.

Speaker 10 (26:00):
Third strategy, use the resources available to you. That might
mean meeting with a financial advisor to organize your plan,
or looking at the long term care insurance for your
parents while they're still eligible, or even connecting with the
care coordinator or elder law attorney.

Speaker 14 (26:13):
And for the kids, don't forget five twenty nine plans.
If college is still on the horizon, and if they're
already adults. Sometimes a simple budget or job guidance can
go a lot farther than a check.

Speaker 10 (26:24):
Now, let's talk about guilt for a moment, because we
see this all the time. Clients feel guilty saying no.
But guilt doesn't grow your retirement account.

Speaker 14 (26:32):
No, it does not. And this is where working with
the financial advisor can help. Because we're the neutral third party.
We can help clients see the big picture, prioritize their goals,
and make tough decisions without the emotional weight.

Speaker 10 (26:44):
And that's why we do what we do at Kelly Financial.
We've helped thousands of families create retirement income plans that
factor in these complexities, whether that's budgeting for caregiving costs,
optimizing social Security, or just helping clients feel more confident
in their plans.

Speaker 14 (26:58):
So if you're in the Sandwich generation, you're not alone.
There is a way to support your loved ones and
take care of your future, but it does start with
a plan.

Speaker 10 (27:05):
Couldn't have said it better myself. If this sounds like
your life right now or someone you love, we'd be
happy to sit down with you. Give our office a
call to schedule complimentary consultation.

Speaker 14 (27:15):
Absolutely, and remember your retirement deserves just as much attention
as everyone else's needs. Put your oxygen mask on first.

Speaker 5 (27:23):
I like that analogy that reps things up for today.
I look forward to our conversation next week.

Speaker 15 (27:27):
Me too, have a great weekend.

Speaker 3 (27:29):
To get in touch with Greg Murray or Mary Madeline Kelly,
or any member of the Kelly Financial team, call at
eight eight hundred eighteen eighty one.

Speaker 7 (27:43):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.

Speaker 8 (27:55):
You can always make money if you haven't if you
lose it all, it's very difficult to do that.

Speaker 5 (28:00):
So you have to have a plan.

Speaker 8 (28:01):
If the market goes up quite a bit or down
quite a bit, you have to be ready. And how
do you sort fact from fiction?

Speaker 7 (28:08):
Download Kelly Financial's consumer guide simply called the Value of
an objective opinion. With so much at steak with your
retirement future, you don't just want any financial advice, but
objective financial advice, and as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org

(28:30):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 8 (28:35):
Ladies and gentlemen, sort fact from fiction.

Speaker 7 (28:37):
We are Kelly Financial Services.

Speaker 3 (28:39):
Come retire with us Safe Money Strategies with William Kelly
and Kelly Kelly. Call the team on a eight eight
hundred eighteen eighty one.

Speaker 5 (28:52):
Tell that and we're back. Good to be with you again.

Speaker 2 (29:00):
For those of you just joining us, this is Safe
Money Strategies where for twenty two years we've been helping
people protect and grow their retirement savings. I'm William Kelly
Junior here with our CEO and my mom, Kelly Kelly.

Speaker 4 (29:12):
It's always great to be back with you, William and
with our listeners, whether you've been with us from the
start of the hour or you're just tuning in now.

Speaker 2 (29:21):
Today we're looking way ahead ten years before retirement and
building a checklist to make sure people are on the
right track.

Speaker 6 (29:27):
That's right.

Speaker 4 (29:28):
Ten years out is about setting direction. It might sound early,
but that's when some of the biggest, most impactful decisions
need to happen.

Speaker 2 (29:39):
And the more time you have, the more options you have.
So where's the starting point.

Speaker 4 (29:44):
First, nail down your target retirement age and income goals.
Figure out where you are now so you can see
if there's a gap.

Speaker 2 (29:54):
Kind of like checking your GPS. You can't map where
you're going unless you know where you are.

Speaker 4 (29:58):
Exactly, and check that map every year so you can
make course corrections.

Speaker 5 (30:03):
How specific should the plan be?

Speaker 4 (30:06):
Very specific, actual dollar amounts, a timeline, and a vision
for what retirement will look like.

Speaker 5 (30:14):
Should couples do this together?

Speaker 4 (30:16):
Absolutely, Retirement affects both people, so the goals and timing
need to be in sync.

Speaker 5 (30:23):
Okay, let's talk about maximizing savings.

Speaker 4 (30:26):
Start with contribution limits and if you're fifty or older,
take advantage of catch up contributions. If you're younger, increase
your savings rate a little each year and automated if
you can always set it and forget it works. Compound
growth loves consistency. Which account should get priority first? Your

(30:47):
for one k. If you have an employer match, then
I raise once those are maxed out. Look at a
taxable brokerage account. A good advisor can guide.

Speaker 5 (30:59):
You and lowering expenses.

Speaker 4 (31:01):
The less you spend, the less you will need in retirement.
Is that simple?

Speaker 5 (31:06):
What about diversification?

Speaker 4 (31:07):
Have a balanced mix of assets, stocks, bonds, and maybe
some alternatives aligned with your time horizon and risk tolerance.
Aligned with your time horizon and risk tolerance not too aggressive,
not too conservative?

Speaker 5 (31:24):
How often should people review and rebalance their portfolio?

Speaker 4 (31:27):
At least once a year and anytime there's a big
life change or market shift?

Speaker 5 (31:33):
All right?

Speaker 2 (31:33):
Dreaming big retirement isn't just numbers. It's lifestyle too.

Speaker 4 (31:37):
Right exactly, Think about what you want life to look like, travel, hobbies,
a second home, volunteering, and build that into your plan.

Speaker 5 (31:49):
Should they write it down?

Speaker 6 (31:51):
Definitely?

Speaker 4 (31:52):
Writing it down makes the vision clear and helps you prioritize.

Speaker 5 (31:57):
Let's talk longevity. People are living longer now.

Speaker 4 (32:00):
Retirement could last twenty five to thirty years or more.
So make sure your plan lasts as long as you do.

Speaker 5 (32:07):
And taxes how do they fit in the tenure checklist?

Speaker 4 (32:10):
This is a good time to look at WROTH conversions,
health savings accounts, and diversifying your tax buckets.

Speaker 5 (32:18):
What's a tax bucket, It's.

Speaker 4 (32:20):
Just a category, tax deferred, taxable, or tax free. Having
a mix gives you more control later.

Speaker 5 (32:29):
Insurance Do people overlook that this far out?

Speaker 6 (32:31):
Sometimes?

Speaker 4 (32:33):
Don't wait until your sixties to think about disability or
life insurance. And remember long term care is rarely covered
by Medicare and can be one of the biggest financial
risk in retirement.

Speaker 5 (32:46):
Let's touch on debt. Should people pay it off aggressively?

Speaker 4 (32:49):
High interest debt, yes, mortgages Maybe it depends on rates
and goals, but the less debt you bring into retirement
the better.

Speaker 5 (33:00):
And it impacts flexibility right absolutely.

Speaker 4 (33:04):
Fewer monthly payments means more options and peace of mind.

Speaker 2 (33:08):
Last on the checklist, legacy planning ten years out is
the perfect time to update your will, name beneficiaries and
think about charitable giving.

Speaker 4 (33:19):
Have open conversations with family to avoid surprises. A legacy
is financial but also emotional.

Speaker 5 (33:26):
So how could an advisor help at the stage.

Speaker 4 (33:29):
They're like project managers, keeping you on course, helping you
make informed, personalized decisions.

Speaker 5 (33:36):
And if someone doesn't have an advisor yet, this.

Speaker 6 (33:39):
Is a great time to find one.

Speaker 4 (33:41):
Our Kelly Financial Advisors are fiduciaries, which means we're committed
to putting our clients first.

Speaker 5 (33:49):
What's a good resource for people starting this process?

Speaker 4 (33:51):
My book Retire Your Fear, Plan Your Future. It walks
you through the steps we've talked about today.

Speaker 2 (33:59):
Ten years might feel forever, but it goes fast. The
best gift you can give your future self is a
plan exactly, and we can help you build it. To
get your free copy of the book and schedule a
complimentary appointment with a Kelly Financial Advisor called eighty eight
eight hundred and one eight eight one, or email Kelly
at Kelly Financial dot.

Speaker 4 (34:16):
Org and stay with us and just a moment, we'll
dive into the five year checklist. When timelines get tighter
and decisions get real.

Speaker 2 (34:26):
You're listening to Safe Money Strategies hurt here on WRKO
and streaming on the iHeart app. We're in our twenty
if year broadcasting.

Speaker 5 (34:33):
Thanks for tuning in.

Speaker 3 (34:37):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one. We'll
visit Kellyfinancial dot org.

Speaker 7 (34:48):
Ready to enjoy your golden years without worry and Kelly Financial.
We know retirement planning can be overwhelming. With more than
twenty two years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation, called eight eight eight eight hundred eighteen

(35:10):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with.

Speaker 3 (35:16):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight eight eight hundred eighteen
eighty one.

Speaker 2 (35:26):
Thank you, care.

Speaker 5 (35:30):
And we're back. Welcome to the Safe Money Strategy Show.
I'm William Kelly Junior here.

Speaker 2 (35:34):
With my favorite co host, the CEO of Kelly Financial Services,
and my mom, Kelly Kelly.

Speaker 6 (35:39):
Well, thank you, William.

Speaker 4 (35:41):
Is always a privilege to be here, especially when we're
talking about something that can make a real difference in
people's lives. If you're just tuning in, we're a family
run financial advisory firm and for twenty two years we've
been helping people protect and grow their retirement saving with
confidence and clarity. And for twenty years we've been right

(36:04):
here with you on the am Airwaves sharing strategies to
help you plan for the retirement you've worked so hard for.

Speaker 2 (36:13):
And today's topic is one that really fits that mission.
A retirement checklist for people who are about five years
away from stepping into the next chapter of life. I
like the word checklist because it's practical. Pilots use them,
surgeons use them, astronauts use them, so why not use
one for retirement?

Speaker 6 (36:27):
Exactly?

Speaker 4 (36:28):
A good checklist isn't just a list of to dos.
It's a way to clarify your goals, take inventory of
where you are, and avoid costly last minute mistakes. It
turns something that feels overwhelming into a plan you can follow,
and at.

Speaker 2 (36:46):
Five years out, every step you take has a bigger
impact because there's still time to make meaningful adjustments.

Speaker 5 (36:51):
It's not too late and it's.

Speaker 6 (36:53):
Not too early, right.

Speaker 4 (36:55):
The five year mark is really a sweet spot. You've
got the end of your career site, but you also
have enough time to course correct if you need to now.

Speaker 2 (37:04):
Earlier in the show, we covered what a checklist looks
like if you're ten years out from retirement, but today
we're focusing on that last stretch, the five year plan. So, mom,
what's The first thing that should be on that list.

Speaker 6 (37:14):
Your retirement budget.

Speaker 4 (37:16):
And at five years out is time to move from
guessing to actually modeling it. Look at your current expenses
and compare them with your projected retirement income, social Security pensions, investments.

Speaker 5 (37:30):
And you always say to test drive that budget.

Speaker 4 (37:33):
Yes, live on that amount for a few months. You'll
find out pretty quickly if it works or if you
need to make changes. And it's a lot easier to
make adjustments now than after you've stopped working.

Speaker 5 (37:47):
You know, mom.

Speaker 2 (37:48):
What's interesting is how often people are surprised when they
actually test drive their retirement budget.

Speaker 4 (37:53):
That's true, someone might feel confident about their plan on paper,
but once they factor in travel, charitable giving, helping family,
and lifestyle extras like dining out or maintaining a second home,
they see it's easy to overshoot.

Speaker 5 (38:11):
And sometimes the surprises in the other direction.

Speaker 2 (38:14):
They find they can live more comfortably than they thought
without straining their long term plant exactly.

Speaker 4 (38:19):
Either way, testing your budget ahead of time gives you clarity.
It's about removing the guests work so you can make
confident decisions before you retire.

Speaker 5 (38:30):
And when we say budget, we mean everything right.

Speaker 4 (38:33):
Absolutely, Housing groceries, travel, healthcare premiums, hobbies, gifts for the grandkids,
and the little extras you might not think of, like
that annual trip with friends or your morning coffee stops.
Those things matter because they're part of your life.

Speaker 5 (38:51):
What about work after retirement?

Speaker 4 (38:53):
More people are choosing to work in some capacity, part time, consulting,
or even starting a passion project. Financially, it can help
stretch your savings, and personally it can keep you connected, challenged,
and engaged.

Speaker 2 (39:11):
But if you start social Security early, you have to
be mindful of the income limit, right.

Speaker 6 (39:15):
That's right.

Speaker 4 (39:16):
If you earn over the limit before full retirement age,
part of your benefits could be withheld. That's why I
recommend setting up an online Social Security account, reviewing your
earning's history and running different claiming scenarios.

Speaker 2 (39:34):
I think this is also an area where people hear
broad advice and assume it applies to everyone, like the
idea that waiting until seventy is always the best.

Speaker 6 (39:41):
Choice, and that's not necessarily the case.

Speaker 4 (39:44):
Waiting can increase your monthly check, but it's not one
size fits all. Health, family history, and how your other
income sources fit together all play a role.

Speaker 2 (39:56):
And then there's the worry some people have that social
Security might run out right.

Speaker 4 (40:00):
Even with possible adjustments in the future, is not disappearing.
The key is understanding how it fits into your overall
income strategy, so you're making decisions based on facts, not fear.

Speaker 2 (40:16):
Okay, So after budget and Social Security, what's next on
the checklist?

Speaker 6 (40:20):
Your income inventory?

Speaker 4 (40:22):
Write down every source you have, social Security, pensions, four
oh one k's, IRA's, annuities, rental income, everything. Know which
ones are taxable, which ones aren't, and when each one starts.

Speaker 5 (40:39):
And this is where a lot of people are surprised.

Speaker 4 (40:41):
Yes, they forget about smaller accounts like an old four
oh one K they never rolled over, or they don't
realize how taxes will impact their withdrawals. It's better to
find out now than later.

Speaker 2 (40:54):
Healthcare is another big one at the stage Medicare might
be just a few years away, but it doesn't cover
everything exactly.

Speaker 4 (41:01):
It doesn't cover dental, vision, hearing, AIDS, or most long
term care. Now's the time to compare metagap and Medicare
advantage plans so you understand your options. And if you
plan to retire before sixty five, you need to figure
out your bridge coverage, whether it's Cobra, the healthcare marketplace,

(41:23):
or a spouse's plan.

Speaker 2 (41:25):
And the last big item, de risking your portfolio and
de risking doesn't mean pulling everything out of the market.

Speaker 5 (41:31):
It's about balance exactly.

Speaker 6 (41:33):
Think of it like packing for a trip.

Speaker 4 (41:36):
You would not put your passport and essentials in a
bag you could not have access to. You keep the
things you'll need first in a safe, easy to reach place.
Same with retirement. Protect the assets you'll draw from in
the first few years and let your long term investments
continue to work for you.

Speaker 2 (41:57):
That way, if the market shift in the short term,
it won't be your immediate plans and you can stay
on track for the long run.

Speaker 4 (42:03):
Yes, five years out is a good time to rebalance.
Shift from pure growth to a mix that protects what
you've built while you're still allowing for some growth. It's
not about eliminating all stocks or taking zero risk. It's
about making sure your investments match your comfort level and

(42:23):
your timeline.

Speaker 2 (42:24):
Which is exactly where you and the team at Kelly
Financial come in.

Speaker 4 (42:27):
Yes, we can run projections, recommend allocations, and make sure
you have a plan that supports your retirement goals without
taking unnecessary chances.

Speaker 2 (42:39):
So if you're listening right now and you're within that
five year window, this is the time to start.

Speaker 4 (42:43):
And will help you get going with a free copy
of my book, Retire Your Fear Plan Your Future is
full of clear, easy to follow strategies for every stage
of retirement planning.

Speaker 2 (42:55):
To get your copy and schedule complimentary appointment, just call
eight eight eight eight hundred one eight eight one or
email Kelly at Kelly Financial dot org.

Speaker 4 (43:03):
The sooner you start, the more options you'll have and
the less stressful the transition will be.

Speaker 2 (43:10):
We've been helping people plan and protect their retirement for
over twenty two years, and we're in our twenty if
year on the AM airwaves.

Speaker 5 (43:16):
We're not done yet.

Speaker 2 (43:17):
There's more great advice ahead on safe money strategies, so
stay with us.

Speaker 4 (43:23):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest. My complimentary book, Retire Your
Fear Plan Your Future explains what a fiduciary is and
will help you understand if an advisor is really putting
you first. For the book, call eight eight eight eight

(43:45):
hundred and eighteen eighty one or email Kelly at Kellyfinancial
dot org. We're Kelly Financial. Come retire with us.

Speaker 9 (43:54):
Welcome back to safe money strategies.

Speaker 11 (43:56):
I'm Mike du said. In joining me on today's episode
is Greg Workman. Greg, Let's walk our listeners through the
key components of a written financial plan.

Speaker 12 (44:04):
Glad to Mike, A solid plan usually covers several important areas.
First and foremost, income planning, where we identify all your
income sources from social Security to pensions, annuities, and investment withdrawals.
This shows us how much money you can expect to
receive on a regular basis. Second, asset allocation, deciding how

(44:27):
your investments are divided amongst stocks, bonds, cash, and other
investment vehicles. This reflects your risk tolerance and retirement goals.

Speaker 11 (44:37):
That balance is key, especially for retirees who need to
protect what they've saved but also want their money to
grow enough to keep pace with inflation.

Speaker 10 (44:45):
Right.

Speaker 12 (44:46):
Then there's risk management planning for potential market declines, unexpected
expenses like medical bills, and inflation's impact over time. We
also look at tax efficiency strategies to reduce taxes on
your income and with helping.

Speaker 5 (45:01):
You keep more of what you've earned.

Speaker 12 (45:03):
Finally, estate planning basics, making sure your assets go where
you want with proper beneficiary designations and documentation.

Speaker 11 (45:13):
Greg I often remind clients that a financial plan isn't
something you do once and forget about it. It's a living,
breathing document exactly.

Speaker 12 (45:22):
Life changes like a new grandchild, health issues, or changes
in tax laws.

Speaker 5 (45:27):
They can all unpact your plan.

Speaker 12 (45:29):
That's why we review plans regularly with clients to adjust
and keep everything on track.

Speaker 11 (45:35):
For retirees facing August and September's typical market volatility, what
are some actionable tips you'd share?

Speaker 12 (45:42):
Here are some practical steps. Limit checking your portfolio daily.
Constant market monitoring can fuel anxiety and create emotional reactions.

Speaker 5 (45:51):
Next, stick to your withdrawal plan.

Speaker 12 (45:54):
Your plan outlines how much you can safely take out,
so avoid changing your withdrawals based on market dips.

Speaker 5 (46:00):
Keep a cash reserve.

Speaker 12 (46:02):
Having one to two years of living expenses in cash
or very safe investments helps you avoid selling stocks at
a loss during a market downturn. Next up, avoid chasing
quote unquote hot investments.

Speaker 5 (46:16):
These often carry more risk and can derail your plan.

Speaker 12 (46:20):
And Finally, Communicate regularly with your advisor before making any
sudden moves or big moves.

Speaker 5 (46:27):
Get expert input.

Speaker 9 (46:28):
That's great advice, Greg.

Speaker 11 (46:30):
All these steps tie back to having a solid plan
in staying connected with a trusted advisor.

Speaker 12 (46:35):
That's why we encourage listeners to reach out to us
at Kelly Financial Services if you're feeling uncertain or worried
about your retirement finances or market swings. We offer a complementary,
no obligation consultation. We'll review your current situation, answer your questions,
and help you build or update a financial plan tailored

(46:57):
to your goals.

Speaker 11 (46:58):
There's no pressure, just honest, professional guidance to help you
feel confident about your future. So call us today at
eight eighty eight eight hundred eighteen eighty one or visit
us online at Kellyfinancial dot org.

Speaker 12 (47:11):
Remember, the biggest risk to your retirement savings is letting
your emotions drive your decisions. A solid financial plan and
ongoing communication are your best defenses against that risk.

Speaker 11 (47:24):
Thanks so much for joining us on safe money Strategies.
We hope today's episode helps you feel more prepared and secure.

Speaker 12 (47:30):
We look forward to partnering with you on your financial journey.

Speaker 5 (47:34):
With that I'm Greg Workman and I'm Mike.

Speaker 11 (47:36):
You said join us next week for more safe money strategies.

Speaker 1 (47:44):
Joining us now, as she always does at this time,
the co founder, CEO, president of Kelly Financial Services, and yes,
that is her wonderful name, Kelly, Kelly, Kelly, how are.

Speaker 6 (48:03):
You, Good morning, Jeff, I'm good.

Speaker 4 (48:07):
If retirement is five or ten years away, it's not
too early, and it's certainly not too late to start.

Speaker 6 (48:15):
Preparing with purpose.

Speaker 4 (48:17):
In my book, Retire Your Fear, Plan Your Future, I
share how to take the uncertainty out of planning so
you can move forward with real confidence, knowing you've covered
the important things and avoided the costly mistakes that can
derail a great retirement. Because the truth is, it's not

(48:38):
just about the numbers. It's about creating a future you
can look forward to with less stress and more peace
of mind.

Speaker 6 (48:46):
To get your copy of my book, or speak.

Speaker 4 (48:49):
With one of our Kelly advisors, give us a call
or email Kelly at Kellyfinancial dot org, or visit our
website for the radio rewind. Have a wonderful weekend. My best,
Grace and the kiddos.

Speaker 5 (49:04):
Thank you, Kelly.

Speaker 1 (49:05):
All the best to you and everyone at Kelly Financial
to get a free copy of that guide, and I
urge all of you if you can do get it
call now eight eighty eight eight hundred eighteen eighty one
eight eighty eight, eight hundred eighteen eighty one, or you
can actually email Kelly herself personally Kelly at Kellyfinancial dot org.

Speaker 5 (49:28):
That's Kelly Kelly Financial dot org.

Speaker 3 (49:38):
Safe Money Strategies at eight hundred one, eight eight one.

Speaker 4 (49:45):
Bill Kelly had a way of making the past come alive,
not just in facts and dates, but in the sight, sounds,
and feelings of a moment in time. In this reflection,
he takes us inside his boyhood bedroom at bailey Brook Farm.
Through his eyes, we see snowy escapes out the window,

(50:05):
late night radio adventures, moments of joy, moments of loss,
and the quiet changes that come with growing up. It's
a journey through the seasons of youth, told by a
man who never forgot where he came from.

Speaker 6 (50:20):
Here's Bill Kelly.

Speaker 16 (50:22):
In my room where the slide streams. I close my
eyes and drift through dreams. Baileybrook Farm, the fields so wide,
a young boy's hot rere memories reside.

Speaker 8 (50:46):
This is Bill Kelly. What was life like in my
room at Baileybrook Farm. On a morning in nineteen fifty four,
I woke up and looked through the screen in my
crib to see Graham's green khaki pants and wool plaid
shirt with two buttoned down pockets still hanging on his chair.
He was sitting on the end of the bed in
his undershorts and a white T shirt. Graham took a

(51:07):
camel cigarette from the wool's shirt pocket and lit it,
smoking it to the very end and then flicking the
ashes into his hand. When he had taken the last puff,
he spat into the palm of his hand and put
the camel out in the small pool of spit. Then
he went into the bathroom and flushed it down the toilet,
washed his hands, and came back to get dressed and

(51:27):
make breakfast.

Speaker 5 (51:28):
The day had begun.

Speaker 8 (51:30):
Nineteen fifty seven, I could open the window of my
new bedroom on the second floor and slide to the
ground on a snow drift that reached the windowsill. I
had to sneak back into the house through the kitchen
to repeat the act, unnoticed by my parents. Nineteen fifty nine,
I sat on the oak floor in my room with
the new chemistry set my brother had gotten for Christmas.
We were home from school for the day as a

(51:51):
result of a blizzard. I managed to catch my pajamas
on fire, then extinguish it by using a blanket. The
flames were gone, but the house smelled of fire and smoke.
I had to go downstairs and get Gramped for help.
He was more worried than angry as usual. Nineteen sixty one.
My new room was on the second floor and overlooked

(52:12):
a large field. Two of my older brothers had left home,
allowing for a realignment of quarters. I found our original
television from the early fifties. My folks were planning to
bring it to the dump during winter break. I dragged
it up the stairs and crafted a primitive stand from
cinderblocks and an old door. I brought all of the
tubes to J and S Electronics and tested them, using

(52:33):
money from my paper route to replace the bad tubes
with new ones, purchased a cheap antenna, and finally had
my own television, a twenty inch Zenith in my bedroom.
That first night, with a feeling of total satisfaction, I
watched A Little Shop of Horrors on Creature Features. Nineteen
sixty two. On summer nights, I would listen to programs
from all over the country on a crystal radio I

(52:54):
had built. When radio waves from distant cities bounced off
the ionosphere then traveled thousands of mine, I was back
to a radio receiver. It was called skip. Sometimes I
would receive signals from New York. I remember listening to
the Joe pineeshow late one Saturday night. Many times I
read books and magazines under the bedspread using a flashlight,
far into the night and sometimes until daybreak. Nineteen sixty three,

(53:19):
I cried inconsolably in bed the night my grandmother passed away.
I cried even more thinking about the fact that someday
Graam too would be gone. On the way back from
the funeral, my cousin Donnie told me he was sorry
I was so close to gramp as eventually I would
have to bear the loss. He predicted it would be devastating. Ironically,
Donnie passed before gramp on an unsinkable offshore oil rig

(53:43):
during a hurricane at age twenty nine. Nineteen sixty three,
I rushed home from school to turn on the television
and watch a press conference with President Kennedy. Mom brought
the ironing board into my room and she and Gramp
watched the press conference with me. On the bedroom wall
was a list I had met that included all the
members of his cabinet. Later that year, President Kennedy was killed.

(54:05):
I cried all through the night. I begged God to
reverse it and to take me in his place so
he could return to the nation and his family. Nineteen
seventy Granp had become ill, and I spent the first
night of my life at the house without him. He
was at the hospital. I lay in bed all night
and stared at the ceiling until daybreak. Nineteen seventy five,

(54:28):
it was my last night at home. I was heading
out for parts unknown. The team was breaking up, and
I didn't have the wherewithal to realize it until the morning.
During the next thirty years, I was never to return
home to Baileybrook Farm again for any length of time.

Speaker 3 (55:04):
We'll call Kelly Financial Services eight eight eight eight hundred,
eighteen eighty one.

Speaker 4 (55:10):
I'm Kelly Kelly from Kelly Financial. Whether you're in your sixties,
seventies or eighties, financial advice is important when it comes
to preserving your nest egg. We have a free investor
guide called Designing your Fiscal House to Weather the Elements,
which highlights the steps needed to build a balanced portfolio.
For the guide, call eight eight eight eight hundred eighteen

(55:32):
eighty one or email Kelly at Kellyfinancial dot org.

Speaker 6 (55:36):
We're Kelly Financial. Come retire with us.

Speaker 3 (55:40):
Safe money strategies with William Kelly and Kelly Kelly. Go
to Kelly Financial dot org.

Speaker 7 (55:49):
The news break is coming up, and during the break
take the time to give a call at eight eight
eight eight hundred eighteen eighty one and make that all
important first step to secure your retires in future. Talk
things through with a financial advisor about any aspect of
retirement or money management, whether it's your portfolio, concerns about
health care, or if you're tossing around the idea of

(56:10):
relocating or maybe helping out with your grandchildren's college. See
if financial advisor isn't only about the stock market. That's
only a portion of the job description. And in the
end you'll be amazed at how very small adjustments over
time can have enormous results when it's time to retire.
In fact, these adjustments can be the difference of when
you can retire or in some cases whether you can

(56:31):
retire at all. So call us at eight eight eight
eight hundred eighteen eighty one or visit us at Kelly
Financial dot org and raise a toast to your financial future.
Eight eight eight eight hundred, eighteen eighty one. Kelly Financial
Services with offices in Braintreet and Burlington. All Right, we
see you next week.

Speaker 2 (56:50):
All opinions expressed by the host, his guests or employees
of Kelly Financial Services are solely their own and do
not reflect the opinions of Kelly Financial Services.

Speaker 7 (56:56):
Information has been obtained from sources deem to be reliable,
but their accuracy at pleatness cannot be guaranteed. The information
provided as general in nature and is not intended to
be specific investment, tax or legal advice. It is always
advisable to consult a professional before making a financial decision.
The host is a client of Kelly Financial Services in
exchange for hosting the Safe Money Strategies Show and providing
testimonials of his personal experience as a client of Kelly
Financial Services, Kelley has waive the host's advisory fee in full.

(57:18):
Because of this arrangement, where the host receives compensation in
the form of a fee waiver, the host has an
incentive to recommend Kelly Financial services, resulting in the material
conflict of interest.