Kelly Financial: Saturday, December 27, 2025

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Episode Transcript

Speaker 1 (00:12):
It's 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 turned entrepreneur,
author and philanthropist who believed in giving back and walking
the talk. Since our show has remained a Saturday morning staple,

(01:02):
offering insight and empowerment. Here 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

(01:26):
Charlie Gable, Mike Ducett, Greg Workman, 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 consultation, visit

(01:46):
Kelly Financial dot org or call us at eight eight
eight eight hundred one eight eight one. This is Safe
Money Strategies. Next up Forever Young with Kelly Kelly and
myself William Kelly Junior.

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

Speaker 4 (02:14):
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 part of the show we call Forever Young. It's
where I sit down with my son, William Kelly Junior,
and we talk about life, what's going on in the world,
in our family, and what really matters most. When you're

(02:36):
planning for the future. Sometimes it is light sometimes it's thoughtful,
but it's always real. Good morning, William, how are you?

Speaker 1 (02:44):
I'm fine, Mom, how are you?

Speaker 2 (02:45):
I'm doing.

Speaker 1 (02:46):
Great? Merry Christmas to all of our listeners.

Speaker 2 (02:48):
This has been a wonderful, wonderful Christmas season, probably one
of the best we've had a long time.

Speaker 1 (02:54):
There's been so many folks who've given toys.

Speaker 2 (02:56):
And hopefully everybody had a wonderful visit from Santa Claus.
Sanna brought me a barbell, a brand new barbell, which
I desperately needed, and that was probably the biggest gift
to all. So this Christmas season, I appreciate so many
orders for my book, both on Amazon and the free

(03:16):
book each Prospect gets and from clients who allowed a
little more books than just one. And I hope all
our clients, prospects and listeners enjoyed. I hope that it
really benefits you, your children or your grandchildren. And the
great news is is that the book is still available.
It's not just for Christmas time. It will be always available,

(03:37):
same with my mom's book as well, so we will always.

Speaker 1 (03:41):
Be giving out copies. The copies are even more available on.

Speaker 2 (03:45):
Amazon, not limited there as they do their own printing
as well, so if you guys would like to continue
to buy books or ask for a book, just give
us a call and thank you for the turnout this
Christmas season as.

Speaker 1 (03:59):
An author, a first time author. That blew me away.

Speaker 2 (04:04):
And as Mom put it, she said, you're giving your
dad's book a run for his money.

Speaker 1 (04:09):
Yes, she said that we have.

Speaker 4 (04:11):
We have ours Kelly financial supply. We have sent out
so many books I've been signing christ unbelievable. I mean,
before we know what we're gonna have to put in
another order. But you've sold a lot on Amazon to
William that is wild.

Speaker 2 (04:29):
Well, we had a wonderful visit from Murray Madaline's friend
and we'll call her. We'll call her Bella. We'll call
her Bella. Okay, and Timmy came as well. So Bella
and Timmy were there, Yes, and they were. Timmy was
on his best behavior at Al Fourno's restaurant in Providence,
like we talked about last week, great fantastic or did

(04:50):
we talk about last week the week before?

Speaker 1 (04:51):
I don't remember, but it's a great restaurant. Yes, it
is restaurant, probably the best restaurant.

Speaker 5 (04:57):
And as we order in and share everything, that's the
way to do it, certainly is is a great process.

Speaker 1 (05:03):
Mary Madaline and uh Bella.

Speaker 2 (05:06):
They choose everything for us. We're not allowed to order.
They know everything in advance. They're just so detailed about it.
I've never seen anybody do something like that in my life,
but they know how to do it somehow. Mary Madellin
said this place should GT A Michelin Star, and Bella said, no,
it should not. No, it should not, because then everybody
will be eating here. It'll be before we know it,

(05:26):
the prices are going to go up. Everybody's gonna want
to eat here. The very particular about how they do everything,
so obviously they are. We highly recommend it.

Speaker 5 (05:34):
Definitely. I feel like the prices are fair.

Speaker 1 (05:39):
Yes, I would say so on the pricing.

Speaker 5 (05:43):
Is definitely fair for the.

Speaker 1 (05:44):
Food you're getting there.

Speaker 2 (05:45):
Yeah, this is the this is the you feel like
you're in Italy and then some it is the finest restaurant.

Speaker 1 (05:52):
I think that just in the Northeast.

Speaker 5 (05:55):
It's so good.

Speaker 2 (05:56):
I've never I don't think I've been to a bad
maybe the Capital Grill, you know, on a very special occasion,
you know, and it's it's so much more fairly priced
than the Capital Grill too. Oh, yes, great experience. So
if you're looking to take you know, your wife somewhere nice.

Speaker 5 (06:12):
It's a great Italian restaurant.

Speaker 1 (06:14):
Yeah, it's a go to baby. Yeah, so highly recommend that.

Speaker 2 (06:18):
We had a wonderful pre Christmas dinner with everyone, and
then of course some family friends of ours held a
Christmas party.

Speaker 1 (06:25):
Do you want to talk a little bit about how
that works?

Speaker 4 (06:27):
Mom?

Speaker 5 (06:28):
It was so much fun.

Speaker 4 (06:29):
It was we joined them last year and they's their
pajama party, so they ordered pajamas for everyone, and they
had even ordered pajamas for your grandfather when we thought
he was going to be here.

Speaker 2 (06:44):
Yeah.

Speaker 4 (06:44):
But it's just it's a nice family gathering that they
are like extended family for us, and it was great.
And then they order a ton of Chinese food from
a great restaurant not far away, and it's just it's
always a great time. Had we had another wonderful experience again.

Speaker 2 (07:07):
We did, Yeah, yeah, and we got to see the
whole family is a big family and very energetic, certainly
not tame, and we're really blessed.

Speaker 1 (07:15):
To have them in our life.

Speaker 2 (07:16):
Oh yes, I believe that, and we're grateful for this.
We're very grateful for this dinner. It's a lot of.

Speaker 5 (07:23):
Fun, Yes, and part of the family.

Speaker 4 (07:25):
They actually helped me with some of the packaging for
the mud Pies throughout the year.

Speaker 1 (07:31):
That's right. And she's so mom has child labor going.

Speaker 2 (07:33):
On in the base, mother and daughter, and she's forcing
these kids to work.

Speaker 1 (07:40):
It's certitude, and I think, I think so.

Speaker 5 (07:44):
You know what, they're able to make a little extra money.

Speaker 4 (07:46):
They helped me out a lot, and they're just great people.
So they're cute as they can be.

Speaker 2 (07:52):
All hard working those they're one of the two sons
I actually coached wrestling for. Yes, and they're hard working kids.
They have great grit, great attitudes. They're going to go far,
either in wrestling or in life. I truly believe that.

Speaker 5 (08:06):
Yes.

Speaker 1 (08:06):
Most of all, they have great parents. Oh yes, they
have incredible parents.

Speaker 4 (08:09):
And kudos to the parents. The most well mannered, well mannered.

Speaker 2 (08:13):
Children one hundred percent makes me think about my kids.
I mean, you and you and Dad did pretty good
with me, and you guys did okay with Mary Madaline.

Speaker 5 (08:22):
And William stop it.

Speaker 2 (08:24):
And they remind me a lot of how you and
Dad were with us as children.

Speaker 1 (08:28):
You know, how we how respectful. We are to other
people how to have manners. You know what's appropriate, what's not.

Speaker 5 (08:35):
You know, I think it means a lot.

Speaker 2 (08:37):
It does because I remember being as a kid and
people would say, you know, you're a very polite kid,
and I'm just like, I'm just.

Speaker 4 (08:43):
Doing what I'm always when you say that, I always
think about your first grade teacher sending me that email
and she said, Kelly, I got to tell you William
is so cute today.

Speaker 5 (08:53):
He said yes, ma'am, missus Marshall.

Speaker 4 (08:56):
And she said, William, you don't have to say yes
ma'am to me, and you said, oh, yes, ma'am.

Speaker 2 (09:01):
I do.

Speaker 4 (09:01):
I'm half Southern and my mother requires me to say.

Speaker 1 (09:06):
It's so funny that never I never could say yes
sir to dad. Something about it would just drive him Insaney.
You say, no, don't call me that I required it,
but yeah, for you.

Speaker 2 (09:15):
So it's like I had to cater to one side
of the family and I had to cater different things
to another side.

Speaker 5 (09:20):
Yes, I had kind of my parents. Your grandparents would have.

Speaker 4 (09:24):
They Oh no, you had to say yes ma'am, no, ma'am, yes, sir,
no sir, And that's it.

Speaker 5 (09:30):
You don't have to say thank you, ma'am.

Speaker 4 (09:32):
You know it's just yes and.

Speaker 2 (09:33):
No because you create a not a boundary, but a
dynamic of respect to your elders, right, you know.

Speaker 1 (09:39):
Into other people.

Speaker 5 (09:40):
It's a Southern thing.

Speaker 1 (09:42):
It is a Southern thing. Southern hospitality is real.

Speaker 2 (09:44):
If you ever met my mother, you would understand a
lot of you who know my mother one hundred percent
as why she's so successful in my opinion.

Speaker 5 (09:53):
So, oh well, thank you, William, of course.

Speaker 2 (09:55):
So as the new year approaches twenty twenty six, I'm
sure we're going to get all our resolutions ready.

Speaker 1 (10:02):
I'm so excited.

Speaker 4 (10:03):
Yeah, and yeah, that'll be exciting to come back next Saturday.

Speaker 5 (10:08):
And yeah it'll be twenty twenty six. Wow.

Speaker 1 (10:13):
So happy New Years to everybody.

Speaker 4 (10:14):
Happy New Year. Do keep us on your dial. We've
got a lot of great content coming your way. Mike
do Set and Greg Workman will help put today's strong
markets into perspective and explain why smart planning matters most
when things are going well. Mary Madeline Kelly and Greg
Murray will walk through the year end RMD checklist, what

(10:38):
to double check before December thirty first, and how to
avoid costly mistakes as you head into the new year.
William and I will come back and we'll talk about
why retirement resolutions for the new year aren't about perfection,
They're about clarity. They're about confidence and building a financial
plan designed to support the life you want to live

(11:00):
in twenty twenty six and beyond. 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. Thank you for listening,
and William, thank you for joining me. We'll be back
with more great content.

Speaker 5 (11:18):
I love you, honey, I love you too much.

Speaker 6 (11:26):
If you're looking for the perfect gift for a young
person in your life.

Speaker 1 (11:30):
I've got it.

Speaker 6 (11:31):
It's a brand new book written by William Kelly Junior
from Kelly Financial Services, and it's called Only the Good
invest Young. This book is powerful. It gives teenagers, call
to students, young adults the roadmap they need to start saving,
planning and investing the right way. And I'll tell you

(11:53):
even people my age, yes and I'm fifty six, are
reading it. William actually quotes me the cooner man in
the book. I'm in the book, So you can grab
your copy right now on Amazon just search only the
Good invest Young, and if you're part of Cooner Country
you can get a copy absolutely free. Just tell them

(12:16):
the cooner Man sent you and called eight eight eight
eight hundred eighteen eighty one or email Kelly at Kellyfinancial
dot org. Only the Good invest Young get it today.

Speaker 7 (12:31):
Hello, and welcome back to Safe Money Strategies. I'm like
du Set and.

Speaker 8 (12:34):
I'm Greg Working. Thank you for spending part of your
Saturday with us.

Speaker 7 (12:39):
Before we jump into today's topic, Greg and I want
to start by wishing everyone listening a wonderful holiday season,
not just Christmas, but all holidays that have celebrated this
time of the year.

Speaker 8 (12:49):
That's right, whether you celebrated Christmas, Honikah, or Kwanza, or
you simply enjoyed some well earned time off with family
and friends, we hope it was meaningful and.

Speaker 7 (13:00):
Relaxing, although I'll admit relaxing might not be the word
I'd use to describe hosting Christmas this year.

Speaker 8 (13:07):
Same here we were both hosting, which many of you
out there know means a lot of preparation, a lot
of cooking, and a whole lot of cleanup.

Speaker 1 (13:15):
But it's still worth it. Absolutely.

Speaker 7 (13:18):
It's a lot of work, but there's something special about
having the house full. For me, having my boys home
for the holidays is the best part. Those moments don't
last forever and you really come to appreciate them.

Speaker 8 (13:27):
And that's actually a great segue to today's conversation because
so much of what we do in financial planning is
about creating the freedom to enjoy moments like that without
constantly worrying about the markets, your money, or what's coming next.

Speaker 7 (13:41):
As we sit here in the final week of December,
one thing is very clear.

Speaker 1 (13:45):
The stock market has been on an impressive run.

Speaker 8 (13:48):
It really has. Since the pullback in twenty twenty two,
we've now seen three consecutive years of positive returns in
the market, and.

Speaker 7 (13:57):
That's something investors are definitely Portfolios are up, account balances
look healthier, and confidence is creeping back in.

Speaker 8 (14:05):
But when markets are doing well, especially for an extended period,
it naturally raises some important.

Speaker 7 (14:12):
Questions questions like is this sustainable? Are we due for
a pullback? Are things getting overheated?

Speaker 1 (14:18):
One of the most.

Speaker 8 (14:19):
Important things we try to do for our clients is
provide perspective, especially when emotions start to take.

Speaker 7 (14:25):
Over exactly, because when markets are near all time highs,
it can feel like this is normal, when in reality,
it's not always the case.

Speaker 8 (14:33):
Historically speaking, the S and P five hundred is actually
down about twenty six percent of the time.

Speaker 1 (14:39):
Let that sink in for a moment.

Speaker 7 (14:40):
Roughly one out of every four years the market finishes
lower than where it started.

Speaker 8 (14:45):
Yet here we are coming off three positive years in
a row. That doesn't mean a downturn is guaranteed, but
it does mean we should be thoughtful in our approach.
As a reminder, past performance does not get guarantee future results.

Speaker 7 (15:01):
One of the most common questions we're getting right now
is does this mean we're due for a correction?

Speaker 8 (15:06):
And the honest answer is no. One knows when a
pullback will happen.

Speaker 7 (15:11):
Markets don't operate on a calendar. They don't say, well,
it's been three good years, so now it's time to drop.

Speaker 8 (15:17):
But what history tells us is that periods of strong
performance are often followed by periods of slower growth or
increased ups and downs in the market, otherwise known as volatility.

Speaker 7 (15:29):
Sometimes that shows up as a full blown correction, other
times it's simply a long stretch where returns are flat
or choppy.

Speaker 8 (15:36):
Another way people phrase it is are market's overheated.

Speaker 1 (15:39):
And that's a fair question.

Speaker 7 (15:41):
We're seeing markets back near all time highs, strong investor sentiment,
and a lot of optimism.

Speaker 8 (15:47):
When optimism runs high, it can sometimes lead to complacency.

Speaker 7 (15:51):
This is when people start taking on more risk than
they realize, chasing performance, overweighting certain sectors, or assuming the
good time would just keep rolling.

Speaker 8 (16:01):
And that's where planning becomes more important than prediction.

Speaker 7 (16:04):
This conversation is especially important for retirees and those naring retirement.

Speaker 8 (16:09):
If you're in your thirties and forties and still accumulating assets,
market swings, while uncomfortable, they're manageable over time.

Speaker 7 (16:17):
But if you're relying on your portfolio to generate income,
volatility matters a lot more.

Speaker 8 (16:23):
A significant pullback early in retirement, combined with withdrawals, could
have a lasting impact on how long your nest egg lasts.

Speaker 7 (16:32):
That's why we're always talking about risk management, not just returns.

Speaker 8 (16:37):
We were recently working with a couple let's call them
Tom and Linda, both in their early sixties and planning
to retire in the next few years.

Speaker 7 (16:45):
They were feeling great about the market. Their accounts had
grown nicely over the past few years, and they were
understandably excited.

Speaker 8 (16:51):
But when we looked under the hood, we noticed that
their portfolio had gradually become more aggressive than the couple realized.

Speaker 7 (17:00):
Not because they intentionally changed their strategy, but because the
assets that performed the best became a larger and larger
part of their portfolio.

Speaker 8 (17:08):
That's a very common situation during bull markets.

Speaker 7 (17:11):
As we head into a new year, this is a
perfect time to pause and ask some important questions.

Speaker 8 (17:17):
Questions like is my portfolio aligned with my goals? Am
I comfortable with the amount of risk on taking? And
what happens if the market doesn't fully cooperate for a while?

Speaker 7 (17:28):
Those are the conversations will continue in just a moment.

Speaker 1 (17:31):
When we come.

Speaker 8 (17:31):
Back, we'll talk about what today's retirees and pre retirees
can do now during strong markets to prepare for whatever
comes next.

Speaker 7 (17:42):
You're listening to safe money strategies, Stay with us, We'll
be right back.

Speaker 3 (17:49):
Kelly Financial Services eight hundred eighteen eighty one.

Speaker 5 (17:55):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (17:57):
Is your financial advisor a faduci 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 hundred and eighteen eighty one or

(18:19):
email Kelly at Kellyfinancial dot org.

Speaker 5 (18:21):
We're Kelly Financial. Come retire with us.

Speaker 9 (18:26):
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 10 (18:36):
You don't have as much left today as you had yesterday.
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 9 (18:51):
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

(19:12):
eight eight eight hundred eighteen eighty one to spend some
time with one of our financial advisors.

Speaker 10 (19:18):
Time, ladies and gentlemen, it's not too like we.

Speaker 9 (19:20):
Are Kelly Financial. Come retire with us.

Speaker 3 (19:25):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 11 (19:32):
Hello, this is Greg Murray, Senior Vice president and Chief
Confliance Officer at Kelly Financial Services. Joining me today is
Mary Madeline Kelly, one of our wealth advisors.

Speaker 1 (19:40):
How are you doing today, Hi, Greg, I am doing well. Thanks.

Speaker 12 (19:43):
Seems that no matter how early you start planning for
Christmas and buying people's gifts, it always seems like I'm
so scrambling right before, trying to get everything in order.

Speaker 5 (19:52):
But it all.

Speaker 12 (19:53):
Worked out and now we are in the sweet spot,
right in between Christmas and New Year's.

Speaker 11 (19:57):
This is a fun time and everyone is in a
joyful mood as we are approaching a new year. We've
talked about required minimum distributions before, but with only a
few days left in the year, this is the perfect
moment to really drill down on rmds and make sure
people haven't missed anything.

Speaker 12 (20:12):
Yes, because this is one of those deadlines you can't
fix after the fact. If you miss an R and D,
the IRS penalty can be significant, so now is the
time to double check that everything is done.

Speaker 1 (20:23):
Correctly, So let's start with the basics.

Speaker 11 (20:25):
An RMD, or required minimum distribution, is the amount the
IRS requires you to withdraw each year from certain retirement
accounts once you reach RMDH, which is currently seventy three
for most retirees.

Speaker 12 (20:36):
That applies to traditional iras old four oh one k's
step iras basically any pre tax retirement account, and those
withdrawals are taxable as ordinary income.

Speaker 11 (20:47):
And the deadline is key here. Rmds must be taken
by December thirty first each year. The only exception is
the very first RMD, which can be delayed until April
first of the following year, but that often creates other tax.

Speaker 12 (20:58):
Issues exactly because if you delay that first one, you
may end up taking two rmds in the same year,
which can push you into a higher tax bracket, increase
Medicare premiums, and cause more of your Social Security to
be taxed.

Speaker 11 (21:12):
So, if you're listening today and you're required to take
an RMD in twenty twenty five, the question is simple,
has it already been taken?

Speaker 12 (21:18):
And if you have multiple accounts, that's where people get
tripped up. You may have taken an R and D
from one IRA but forgotten another account, especially an old
four oh one K from a previous employer.

Speaker 11 (21:29):
That's a big one. And remember, while you can aggregate
irarmds and take them from one IRA, four oh one
k rmds must be taken separately from each plan.

Speaker 12 (21:38):
Another thing we see at year end is people accidentally
taking the wrong amount. Rmds are calculated based on your
account balance as of December thirty first of last year,
not the current balance right, and.

Speaker 1 (21:49):
Market fluctuations can make that confusing.

Speaker 11 (21:52):
Even if your an account value dropped earlier this year,
the IRS still requires the calculated distribution.

Speaker 12 (21:57):
Now let's talk about one powerful year INDI strategy, Qualified
charitable distributions or qcds. If you're seventy and a half
or older and charitably inclined, you can send money directly
from your IRA to a qualified charity.

Speaker 11 (22:12):
And that distribution can count towards your RMD without being
included in your taxable income.

Speaker 12 (22:17):
But timing matters. The funds must leave your IRA and
reach the charity by December thirty first to count for
this year. Writing a check today that clears in January
won't work exactly.

Speaker 11 (22:27):
And another reminder, rmds cannot be rolled into a roth
IRA or reinvested into another tax advantage retirement account. Once
that money comes out, it's taxable income.

Speaker 12 (22:37):
Which is why planning ahead matters. Rmds can affect your
tax bracket, medicare, premiums, and cash flow, so they shouldn't
be handled at the last minute if you can avoid it.

Speaker 11 (22:46):
But if you are listening right now and thinking I'm
not one hundred percent sure mine was done, there's still time.

Speaker 12 (22:51):
You just need to that quickly, absolutely, and even if
your custodian process the distribution, it's worth confirming that the
correct amount was taken and that it was properly coded.

Speaker 11 (23:01):
So let's summarize for our listeners, especially given the timing
of this show.

Speaker 12 (23:04):
Here's your year end RMD checklist. Confirm whether you're required
to take an r and D this year. Make sure
it's been taken from all applicable accounts. Verify the amount
that was calculated correctly, consider whether a QCD makes sense
for you, and complete everything before December thirty first.

Speaker 11 (23:22):
Perfect summary, and while rmds are mandatory, how you handle
them can still be very strategic.

Speaker 12 (23:27):
Exactly at Kelly Financial. We help clients integrate rmds into
their overall retirement income plan, so they're not just checking
a box but making thoughtful decisions around taxes and cash flow.

Speaker 11 (23:38):
And as always, it's important to remember that investing involves risk,
including the potential loss of principle, and tax strategies should
always be evaluated in the context of your full financial picture.

Speaker 12 (23:49):
Well said, so, if you're listening on December twenty seventh
and Stilney Clarity or Confirmation, don't wait. This is one
of those times where a quick review can save you
from a costly mistake.

Speaker 1 (23:59):
That's going to wrap up this segment.

Speaker 11 (24:01):
If you have any questions about your RMD or want
help making sure everything is in order before you're in give.

Speaker 1 (24:06):
Us a call.

Speaker 12 (24:06):
Absolutely, we want to make sure you get this taken
care of. And I love being able to say this,
so I'll see you next year.

Speaker 1 (24:12):
Happy New Year.

Speaker 3 (24:13):
To get in touch with Greg Murray or Mary, Madeline
Kelly or any member of the Kelly Financial team, call
eight eight eight hundred eighteen eighty one. Safe Money Strategies
with William.

Speaker 1 (24:29):
Kelly and Kelly Kelly.

Speaker 3 (24:31):
Call the team on eight eight eight hundred eighteen eighty one.

Speaker 4 (24:39):
Welcome back to Safe Money Strategies. I'm Kelly Kelly and
I'm here with my son, William Kelly Junior.

Speaker 1 (24:47):
It's great to be with you again, lom.

Speaker 4 (24:49):
If you're just joining us, you're listening to Safe Money
Strategies on WRKO. Today, we're talking about heading into the
new year, and for many retire tirees that means thinking
less about strict resolutions and more about how they want
to fill in twenty twenty six.

Speaker 2 (25:08):
More clarity, more balanced and stronger sense of purpose.

Speaker 4 (25:11):
Exactly So, in this part of the show, William and
I want to talk about what we're calling your lifestyle
reset for twenty twenty six, focusing on energy, on health,
connection and what really matters as you move forward. As
another year comes to a close, a lot of people

(25:32):
feel pressure to reinvent themselves in January. But what we're seeing,
especially among retirees, is a more gentle, healthier shift. People
are choosing intention over rigid resolutions.

Speaker 1 (25:48):
And that matters.

Speaker 2 (25:49):
Retirement already gives you something incredibly valuable time.

Speaker 1 (25:53):
Intention simply helps guide how you use it.

Speaker 2 (25:55):
Instead of saying I have to do this perfectly, people
are asking how do I want.

Speaker 1 (25:59):
My days to feel.

Speaker 4 (26:01):
Lifestyle outlooks heading into twenty twenty six suggests many retirees
want life to feel intentional rather than hectic. They want
their routines to support them, not exhaust them.

Speaker 2 (26:15):
One simple idea that's become popular is choosing a guiding
bird for the year, something like calm, clarity, movement, or connection.

Speaker 4 (26:22):
It's not a rule, it's more of a compass. And
I'll share this personally. I have been choosing a word
of the year for many years now, and it's something
that really has helped me.

Speaker 5 (26:35):
And in particular, there.

Speaker 4 (26:37):
Was a time after your father passed away, William, when
I realized I needed to be more intentional about how
I was moving through life.

Speaker 1 (26:47):
That was an important season.

Speaker 4 (26:49):
It was, And the word I chose that year was
simply joy. Not because everything felt joyful, but because I
wanted to be more aware of it, to notice it
when it showed up, even the little tiny things that
brought even a tiny bit of joy, and I wanted

(27:12):
to allow space for it again.

Speaker 2 (27:14):
And that's really the power of intention. It doesn't force anything,
it just helps guide your.

Speaker 4 (27:19):
Focus exactly, and I think that's why this approach resonates
with so many retirees, it's not about doing more, it's
about being more present with what matters.

Speaker 2 (27:31):
As you look toward twenty twenty six, there's a clear
trend of merging. People want simplicity. They want predictable rhythms,
fewer distractions, and a calmer pace.

Speaker 4 (27:40):
Many retirees are simplifying schedules, rethinking commitments, and even downsizing
mental clutter. Instead of dramatic goals, they're choosing small, sustainable routines.

Speaker 2 (27:55):
Interestingly, even economists describe twenty twenty six as more of
a normalized here, steadier, slower, and more predictable than what
we experienced recently.

Speaker 4 (28:04):
And simplicity often brings clarity. Some retirees are choosing a
declutter month, whether that's physical clutter at home, digital clutter
on devices, or emotional clutter tied to old obligations.

Speaker 2 (28:21):
A calmer environment supports clear thinking, and clear thinking helps
people make better daily choices, which.

Speaker 4 (28:27):
Leads us to an important part of retirement life. Your
sense of security. Security isn't just financial, it's emotional, it's physical,
it's relational. When people feel prepared, life tends to feel
far more manageable.

Speaker 2 (28:46):
One helpful concept is what retirees called a calm calendar.
It's not about filling your schedule, it's about organizing it
in a supportive way.

Speaker 4 (28:54):
That could mean one organizing task per month, one health checking,
and one intentional connection with someone you care about.

Speaker 2 (29:05):
Research shows that people with consistent routines report lower stress
levels entering the new year. Knowing where important things are medications, documents,
appointments reduces mental clutter.

Speaker 4 (29:15):
A consumer wellbeing survey from twenty twenty five found that
retirees who planned a head felt more confident overall, and
that confidence didn't come from perfection, it came from preparation.

Speaker 2 (29:30):
Peace of mind is usually built on the quiet moments,
long before you ever need it.

Speaker 4 (29:34):
Help and wellness outlooks for twenty twenty six emphasize something
refreshingly realistic gentle movement, walking, stretching, mobility activities that fit
real life.

Speaker 2 (29:49):
Sleep is another key focus. Consistent sleep routines remain one
of the strongest predictors of aging well. Small changes like
regular bed times can make a meaningful difference.

Speaker 4 (29:59):
There's also grown going emphasis on keeping the brain engaged
novelty matters, trying one new thing each month, a class,
a hobby, or a new routine supports cognitive.

Speaker 2 (30:12):
Engagement, hydration, balanced meals, and outdoor time all support mood
and energy. Most retirees don't need extreme wellness plans, they
need routines that work well for them.

Speaker 4 (30:22):
Wellness in retirement is not a project, is a rhythm.
Another theme we're seeing as people head into twenty twenty
six is the desire for stronger family connection and clearer communication.

Speaker 2 (30:37):
Many families want fewer unspoken worries and more open conversations.

Speaker 4 (30:41):
Some retirees are planning a simple January family conversation in
person or virtual to talk about priorities and hopes for
the year.

Speaker 2 (30:52):
Others are creating one new tradition, a monthly brunch, a
weekly call, or an annual trip.

Speaker 4 (30:57):
Sharing your intentions reduces get work and strengthens relationships. Even
small check ins help everyone feel supported.

Speaker 1 (31:07):
Connection doesn't just happen, it's creative.

Speaker 4 (31:09):
Lifestyle intentions give you energy for the year, but financial
clarity helps support confidence for the long term.

Speaker 2 (31:17):
One of the most common questions for tyres ask heading
into the new year is will my money last as
long as I do?

Speaker 4 (31:23):
And if that's a question you've been asking yourself, we
have a complimentary guide called Will My Money Last as
Long As I Do? It's designed to help you think
through income, longevity, and some of the what ifs that
come with retirement at your own pace. If you'd like
a copy, you can give us a call at eight

(31:44):
eight eight eight.

Speaker 5 (31:45):
Hundred eighteen eighty one, or you can email.

Speaker 4 (31:49):
Us at Kelly at Kellyfinancial dot org and we'll be
happy to get that guide out to you.

Speaker 2 (31:56):
People are living longer than ever, often well into the
mid eighties and beyond. That means longer retirements and more
years to plan for.

Speaker 4 (32:03):
When we come back, we'll shift the conversation and talk
about the financial wellness resolutions retirees are considering for twenty
twenty six, including income, healthcare, and long term confidence.

Speaker 1 (32:18):
Stay with us.

Speaker 4 (32:19):
You're listening to safe Money Strategies right here on WRKO.

Speaker 3 (32:28):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 9 (32:38):
Ready to enjoy your golden years without worry that 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.

Speaker 1 (32:56):
For a free.

Speaker 9 (32:56):
Initial retirement consultation called eight eight eight eight hundred eighteen
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with.

Speaker 3 (33:07):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight eight hundred eighteen eighty one.

Speaker 4 (33:17):
Thank care, Welcome back to Sake Money Strategies. I'm Kelly
Kelly and I'm here with my son, William Kelly Junior.

Speaker 1 (33:31):
Great to be back.

Speaker 4 (33:32):
If you're just joining us, you're listening to Safe Money
Strategies on WRKO. In the first part of the show,
we talked about lifestyle intentions for twenty twenty six, focusing
on energy, on purpose, health and connection.

Speaker 2 (33:50):
And now we want to continue that conversation by looking
at the financial side of us starting a new year,
because financial clarity plays a big role in overall peace.

Speaker 4 (33:59):
Of mindad into twenty twenty six. We're hearing something very clearly.
Retirees want confidence, not complexity.

Speaker 2 (34:08):
That's right. Many people aren't looking to overhaul everything. They
simply want to understand where they stand and feel more
prepared moving forward.

Speaker 4 (34:16):
One of the most common thoughts people share is I
want to know my money will last, not necessarily forever,
but long enough to support the life they've worked hard
to build.

Speaker 2 (34:30):
And that's an important distinction. The goal isn't perfection. The
goal is clarity.

Speaker 4 (34:35):
When retirees have a clear income picture, they tend to
feel more in control. It doesn't remove uncertainty completely, but
it helps replace anxiety with understanding.

Speaker 1 (34:49):
You don't need all the answers, you just need a
clear direction.

Speaker 4 (34:52):
One of the biggest shifts where retirees face today is longevity.
People are living longer than previous.

Speaker 2 (34:59):
General national data shows that many people who reach age
sixty five now live well into their mid eighties, and
quite a few live even longer.

Speaker 4 (35:08):
Longevity is a gift, but it also means more years
of spending health care and lifestyle needs.

Speaker 2 (35:16):
That's why one thoughtful resolution for twenty twenty six is
simply awareness planning for a retirement that could last twenty
five or even thirty years.

Speaker 4 (35:25):
This doesn't require complicated math. It starts with asking what
do I want those extra years to look like.

Speaker 2 (35:34):
Longevity isn't something to fear, it's something to plan for.

Speaker 4 (35:38):
Healthcare continues to be one of the most unpredictable areas
of retirement planning.

Speaker 2 (35:44):
Medical costs tend to rise over time, and they often
increase faster than general inflation.

Speaker 4 (35:49):
Heading into twenty twenty six, the key isn't knowing exact numbers,
its awareness, and.

Speaker 2 (35:56):
A simple resolution is reviewing or coverage each year that
includes prescriptions, supplemental plans, and any changes that may affect
your situation.

Speaker 4 (36:06):
Another helpful step is scheduling preventative care early in the year.
Small actions can support long term well being.

Speaker 2 (36:15):
Good health is priceless, and thoughtful planning makes it more manageable.

Speaker 4 (36:19):
Another area retirees think more about as they age is
long term care.

Speaker 2 (36:25):
Studies show that many Americans will need some level of
long term support during their lifetime.

Speaker 4 (36:30):
Cost can vary depending on location and level of care.
Medicare does not cover most long term care needs.

Speaker 2 (36:39):
A practical resolution for twenty twenty six is simply understanding
your preferences. Where would you want to receive care, who
would help, what kind of support would feel right to you.

Speaker 4 (36:49):
We're also seeing more retirees serving as caregivers for spouses, siblings, grandchildren,
or adult children.

Speaker 1 (36:58):
Planning isn't about fear about flexibility.

Speaker 4 (37:01):
The future rarely goes exactly according to plan, but planning
helps give you a voice in how it unfolds. At
the center of financial wellness is income, Knowing how your
money supports your lifestyle.

Speaker 2 (37:18):
A good retirement income plan doesn't need to be complicated,
it needs to be clear.

Speaker 4 (37:22):
One simple resolution for twenty twenty six is writing down
your expected monthly expenses and separating needs from wants.

Speaker 2 (37:32):
It's also helpful to think through your what if What
if healthcare needs to change, what if markets have a
down year, What if you need to help, what if
you need help at home.

Speaker 4 (37:41):
The happiest retirees aren't perfect planners, they're prepared planners.

Speaker 2 (37:47):
Financial wellness is being able to enjoy today while feeling
thoughtful about tomorrow.

Speaker 4 (37:52):
This is where working with a fiduciary advisor can be helpful.
Our Kelly Financial Advisors work with clients to review income,
healthcare considerations, longevity and long term planning in a clear,
approachable way.

Speaker 2 (38:10):
They will help align income with lifestyle goals and identify
areas that may need attention.

Speaker 4 (38:14):
We also offer a complimentary guide called will My Money
Last as Long as I do. It's designed to help
you think through these questions and understand the role income
planning plays in retirement.

Speaker 2 (38:29):
And if you like a copy of that guide, you
can give us a call at eighty eight eight hundred
and one eighty one or email us and we'll be
happy to get that information out to you.

Speaker 4 (38:37):
As you head into twenty twenty six. Remember, retirement planning
isn't just about numbers. It's about supporting the life you
want to live.

Speaker 2 (38:47):
With clarity, preparation and the right guidance, retirement can feel
more confident and more enjoyable.

Speaker 4 (38:52):
Thank you for spending part of your weekend with us.
If you'd like to continue this conversation, our team is
always happy to help.

Speaker 1 (39:01):
Enjoy the rest of your weekend.

Speaker 4 (39:03):
You've been listening to Safe Money Strategies right here on WRKO.

Speaker 3 (39:11):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 7 (39:23):
Welcome back to Safe Money Strategies. I'm Mike Dussaid, joined
as always by Greg Workman.

Speaker 8 (39:27):
Thank you for staying with us and tuning in today.

Speaker 7 (39:30):
Before the break, we spend some time putting the recent
bullmarket into perspective three consecutive years of positive returns, market's
near all time highs again, and a lot of investors
asking the same question, can this continue?

Speaker 8 (39:44):
And while that's a fair question, what we really want
to focus on in this part of the show is
how retirees and pre retirees should be thinking about their
money after a monster market run like this.

Speaker 7 (39:56):
One of the dangers of a prolonged ballmarket is that
it can quietly change behavior.

Speaker 8 (40:00):
When markets are rising, risk doesn't feel the same.

Speaker 7 (40:04):
Volatility fails, manageable draw downs feel temporary, and people start
assuming that whatever strategy they're using must be working perfectly.

Speaker 8 (40:13):
But often what's really happening is that the market is
doing the heavy lifting, not the financial plan.

Speaker 7 (40:19):
That distinction becomes very important when conditions change.

Speaker 8 (40:23):
Another thing we try to remind people is that markets
don't have to crash to create challenges in retirement.

Speaker 7 (40:28):
A lot of retirement plans don't fail because of a
single bad year.

Speaker 8 (40:32):
They struggle during periods of lower or uneven returns.

Speaker 7 (40:37):
Markets that go sideways, markets that bounce up and down,
markets that recover but more slowly than people expect.

Speaker 8 (40:44):
After several strong years. Many portfolios are now built with
expectations that may not hold up going forward.

Speaker 7 (40:51):
This is especially relevant for people who are within five
to ten years of retirement or already retired.

Speaker 8 (40:57):
When you're no longer contributing to your portfolio and instead
relying on it for income, the margin for error gets
a lot smaller.

Speaker 7 (41:05):
You don't just need growth, you need reliability, and you
need flexibility because retirement rarely unfolds as planned. Let's come
back to Tom and Linda, the couple we mentioned earlier.

Speaker 8 (41:16):
They had done a great job saving strong market performance
over the last few years had pushed their account balances
to levels that they had not originally expected.

Speaker 1 (41:25):
On paper, everything looked great, but when.

Speaker 8 (41:27):
We stress test their plan, we found that a prolonged
market slowdown early in retirement would put pressure on their
income strategy, and.

Speaker 7 (41:36):
Not because they were reckless, but because their portfolio assumed
continued strong returns.

Speaker 8 (41:41):
That's a very common situation after a bull market.

Speaker 7 (41:45):
One of the first things we discussed with Tom and
Linda was rebalancing.

Speaker 8 (41:48):
And rebalancing often gets misunderstood.

Speaker 7 (41:51):
It's not about predicting a downturn or being pessimistic about
the future.

Speaker 8 (41:55):
It's about realigning your portfolio with your goals, your timeline,
and your tolerance for volatility. Individual needs and circumstances will
always vary.

Speaker 7 (42:06):
After strong markets, many portfolios quietly become more aggressive than intended.

Speaker 8 (42:11):
Addressing that before a pullback gives retirees more control.

Speaker 7 (42:17):
This leads us to one of the most important concepts
in retirement planning, sequence of returns risk.

Speaker 8 (42:23):
This is the risk that the order of returns matters
more than the average return.

Speaker 7 (42:28):
To Retirees can earn the same long term return, but
the one who experiences losses early while taking withdrawals can
run out of money sooner.

Speaker 8 (42:37):
That's why strong markets are a valuable time to plan defensively.

Speaker 7 (42:42):
Not defensively as in hide from the market, but defensively
as in don't rely on perfect timing.

Speaker 8 (42:48):
One strategy we oftentimes discuss is separating short term income
needs from long term growth assets.

Speaker 7 (42:56):
That way, if the market does experience a slowdown or holdback,
retirees aren't forced to sell investments at the wrong time.
It creates breathing road It also reduces emotional decision making,
which is one of the biggest threats to long term success.

Speaker 8 (43:10):
Another issue that often gets overlooked during bull markets is.

Speaker 7 (43:15):
Taxes, rising balances, and tax deferred accounts can't create significant
tax challenges later in retirement.

Speaker 8 (43:22):
Larger required distributions can push retirees into higher tax brackets
and increased Medicare related costs.

Speaker 7 (43:30):
Strong markets can be an opportunity to evaluate tax diversification
and long term distribution planning.

Speaker 8 (43:36):
Because once required distributions begin, flexibility decreases.

Speaker 7 (43:41):
We're often asked directly, our market's overheated right now.

Speaker 8 (43:44):
The honest answer is that markets are clearly priced for optimism.

Speaker 1 (43:49):
That doesn't mean a downturn is imminent, but it.

Speaker 8 (43:51):
Doesn't mean that future returns may be more muted or
volatile than what we've recently experienced.

Speaker 1 (43:58):
Planning based on that assumtion is simply prudent.

Speaker 8 (44:01):
The most confident retirees we work with are not trying
to time the market.

Speaker 7 (44:05):
They're focused on whether the plan works across different scenarios.

Speaker 8 (44:09):
Up markets, down markets, and everything in between.

Speaker 7 (44:12):
That confidence allows them to enjoy time with family, like
the holidays we just celebrated without worrying about daily market headlines.

Speaker 8 (44:20):
As we close out the year, this is a great
time to reflect not just on market performance, but on preparedness.

Speaker 7 (44:27):
Strong markets can be a gift if they're used wisely.

Speaker 8 (44:30):
They give you a chance to reduce risk, strengthen income planning,
and address issues before they become problems.

Speaker 7 (44:37):
If today's discussion raised questions about your portfolio, your retirement
income strategy, or how prepare you are for the next
phase of the market.

Speaker 8 (44:45):
We invite you to call our office.

Speaker 7 (44:47):
You can also request our Safe Money Strategies workbook, which
outlines many of the principles we talk about each week.

Speaker 8 (44:52):
It's designed to help you approach retirement with greater clarity
and confidence.

Speaker 1 (44:58):
Thanks for spending part of your Saturday with us.

Speaker 8 (45:00):
We hope you had a wonderful holiday season. Can we
wish you and your family a happy, healthy New Year.

Speaker 7 (45:07):
This has been Safe Money Strategies. We'll see you next week.
Hi everyone, this is William Kelly. If you've ever wished you'd.

Speaker 2 (45:18):
Learned about money sooner, that's why I wrote Only the
Good invest You, a simple, encouraging guide with real world
steps anyone can follow.

Speaker 1 (45:27):
I kept seeing the same.

Speaker 2 (45:28):
Thing people wishing someone had explained the basics earlier. How
to save, build good habits, avoid costly mistakes, and create
momentum even when you're starting small.

Speaker 1 (45:39):
Whether you're eighteen or eighty.

Speaker 2 (45:41):
This book is about confidence, clarity, and taking action. For
our listeners, we're sending out complimentary copies. Just called eight
eight eight eight hundred twenty one or email Kelly at
Kellyfinancial dot org and we'll send.

Speaker 1 (45:54):
You one at no charge.

Speaker 2 (45:56):
You can also purchase a softcover on Amazon or an
ebook on Kendle. I'm William Kelly, and I hope this
book helps someone you love take their first step.

Speaker 6 (46:05):
Joining us now as she always does at this time.
She is the co founder, CEO, and president of Kelly
Financial Services, and yes, that is her wonderful.

Speaker 8 (46:19):
Name, Kelly Kelly Kelly, How are.

Speaker 5 (46:25):
You Good morning, Jeff, I am good.

Speaker 4 (46:29):
As we look ahead to a new year, many retirees
are feeling real pressure from rising health care costs, everything
from premiums to prescriptions, and for a lot of families,
that uncertainty can make retirement feel a little less secure.
But here's what I want people to remember. You are

(46:50):
not powerless.

Speaker 8 (46:52):
With the right.

Speaker 4 (46:53):
Planning, you can protect both your health and your financial wellbeing.
That's why we put together our investor guide. Don't let
healthcare expenses derail your retirement. It's a clear, easy to
understand resource that helps you prepare from Medicare changes, long

(47:13):
term care expenses, and the rising cost of everyday health
needs as you plan for twenty twenty six. Now is
a great time to make your healthcare strategy stronger, more informed,
and more confident. To request your complementary copy, give us
a call or email Kelly at Kellyfinancial dot org. Jeff,

(47:36):
Happy New Year to you and your family and all
of Kuner Country.

Speaker 6 (47:42):
Thank you, Kelly, 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 Kelly

(48:04):
Financial dot org. That's Kelly Kelly Financial dot org.

Speaker 3 (48:16):
Safe Money Strategies A eight eight hundred one eight eight one.

Speaker 4 (48:21):
As we close out the year and begin thinking about
the one ahead, trust and priorities really come into focus.
It's a good time to reflect on what matters most
and who you want on your team as you.

Speaker 5 (48:36):
Plan for the future. With that in mind, here's Bill Kelly.

Speaker 10 (48:43):
As we approach the start of the new year.

Speaker 1 (48:45):
Who do you trust well?

Speaker 10 (48:46):
You trust your partner, you trust your husband, you trust
your wife, You probably trust your children. Back in our day,
the banker was the same man year after year. The
bank was Hospital Trust. The man's name mister Finnity, and
I knew him from when I was a small child
until I was in the Air Force a technology institute

(49:07):
out in Denver in my twenties, I still knew who
to call at Hospital Trust Bank. His name was mister
Finnity and he was the vice president then when I
first knew him when I was five years old, and
he helped our family, and he was a great man
in my opinion. But back then bankers did banking. The

(49:28):
insurance man came to the house, he did our insurance.
And if we walked down onto Bellevue Avenue, we could
walk into a real, live stockbroker's office and we could
sit on the bench with very wealthy men and women,
and we could watch a real ticker tape. How did
that work? It was a paper punch tape that went
through a machine that shined light from behind it and

(49:51):
broadcast the ticker tape on the wall on a screen
It was a true ticker tape. Those three people, the
insurance man, the banker whom we don't know now. We
don't even know what the name of our bank's going
to be in the morning, never mind having the same
banker and the stockbroker now are basically the same person.

(50:12):
Because everyone wanted to get in on the act. In
my town, there used to be a store where you
would bring a television tuner. It was a dial that
you turned on the television to change the station. We
used to call him and there was a man his
job was to fix those things, television tuners. We had
one television from age when I was three. I can

(50:35):
remember television at two. We had the same television till
I was almost ten, Black Zenith. It was huge, ladies
and gentlemen. We had the same television repairman. He would
come in. He had a truck and he would bring
a machine in, test the tubes, change the tubes, put

(50:56):
the back on the TV, and out he would go.
We get our second TV in nineteen sixty one, and
I think the next television we got was nineteen sixty five.
It was a Sears color TV Hallelujah. It sat in
a giant console. It looked beautiful and we could watch

(51:16):
Bonanza in color. But all through those years we had
the same television repair man and it was fourteen dollars
a year, and that TV was fixed whenever it was broken.
And the worst days were when they had to take
that thing back to the shop. Heaven only knew when
you were going to get that TV back. So we

(51:38):
had the same person doing that. We had the same
toaster my whole life, the same toaster, ladies and gentlemen.
We had a a mixer that was the same mixer
from when I was a child to when I left
for the service. Things didn't change much. Same teapot my
entire life until I was fifty. When I went to

(52:00):
my folks house, the teapot would be there. So things
are much different now. We had probably had three different
vacuums my entire life. Now they come and go. It's
amazing what happens. It's a throwaway society. Trying to get
a hold of people. Contact is vital. It's difficult, so

(52:22):
you have to be careful. You have to be careful
and you have to find out what's important to you.
What's important to you about having enough money, Ladies, and gentlemen,
what's important to you about not having to be a
dependent on the state. What's important to you about being
able to leave a lasting legacy for your children. My

(52:45):
son we read a book every day at night. It's
called Mike Mulligan and his Steam Shovel, and Mike Mulligan's
steam shovel was named Marianne.

Speaker 1 (52:56):
Believe it or not.

Speaker 10 (52:56):
The book is from the thirties. It's a very short book.
But Mike Mulligan and Marianne would travel around the country
and they would dig highways and canals, basements of buildings
and things like that. But when people watched them. The
one thing about Mike Mulligan and Marianne, if people gathered
around to watch them work, they'd work a little faster

(53:19):
and a little better. And I think that's true about
anyone in any industry. If you're monitoring what's happening, then
things might happen a little better and a little faster
for you if you can do that. So your needs
are important. They have to be identified, and your goals
have to be identified, and you start from there.

Speaker 1 (53:41):
If you want a home, do.

Speaker 10 (53:43):
You ever start out to say, well, what kind of
furnace do we want, honey, No, you say what neighborhood
is the one in which we want to live. That's
how you begin. The furnace is about the twentieth thing
on the list. So identifying needs and goals through an
interactive process or how solutions are created for you, and

(54:07):
that's important in anything you do. I had a couple
in my office. They're getting ready to buy a home
in Florida, and I said, I want to be part
of that purchase. I want to be able to help
you to construct your offer. And they were very relieved
when I said that. They hadn't even imagined to ask me.
But I was happy to do it because I think

(54:28):
people need someone on their team, especially as you get
closer to retirement. You want to make sure that your
goals don't conflict with someone else's and if they do,
that can get in the way. Someone wants you in
a particular product, investment, or stock and it conflicts with

(54:49):
what you need to do. Then you have to be
aware of that. So it's conceptual. It's a solution based approach,
basically a safe mon any strategy for retirement. So you
have questions, you need to be introduced to the solutions
how is that done? Ladies and gentlemen with priorities, what's

(55:10):
important to you, and what must be important to you,
is to preserve your wealth. Risk is for one purpose only.
It's to get you a higher return than you would
receive if you had your money in treasury bills. That's
how risk works. So you want a premium for your risk.
You don't want to gamble to have the risk. So

(55:33):
that's how we have to manage risk. Unfortunately, some people,
the amount of money you have invested is not a
factor in risk tolerance. The ability to recover after a
loss and have it not affect your lifestyle, to me,
is primary in selecting what your risk tolerance is.

Speaker 1 (55:54):
And that's how we do that.

Speaker 10 (55:56):
And remember what Mike Mulligan and Marianne did when people
were watching, and we do the same thing when people
are listening. You work a little faster and a little better.
I wish all of you are very happy and prosperous
new year.

Speaker 3 (56:25):
We'll call Kelly Financial Services eight eight eight hundred, eighteen
eighty one.

Speaker 5 (56:30):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (56:32):
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 eighty one or email Kelly

(56:54):
at Kellyfinancial dot org.

Speaker 5 (56:57):
We're Kelly Financial.

Speaker 3 (56:58):
Come retire with that, Save money strategies with William Kelly
and Kelly Kelly. Go to Kelly Financial dot org.