Kelly Financial: Saturday, February 1, 2025

Episode Transcript

Speaker 1 (00:12):
This coming to us.

Speaker 2 (00:20):
Good morning, Dear Boston. I'm John Budris and Kelly Financial.
Safe Money Strategies indeed carries on every Saturday morning right
here WRKO six 't eighty on the AM dialand online
from just about anywhere, even in Washington, d C. Where
we have been subjected to the torture of listening to

(00:41):
the hearings where President Trump is trying to get his
nominees into his cabinet and approved by I would say
some of the worst senators I've ever seen. And I've
been around a long time and I've watched lots of hearings,
and I can't remember where there were a cavalcade of clowns,
this divisive, and this means spirited and just downright vicious.

(01:04):
And I hope they understand that all of these problems
that they campaign on and purport to solve are problems
they themselves have created. I hope they keep that in
the back of their minds and let President Trump put
his team together and try to solve some of these
problems that they have not only created, but have made

(01:25):
so much worse. We will be right back there.

Speaker 3 (01:32):
Safe Money Strategies with John Budris and Kelly. Kelly called
Kelly Financial on eight eight eight hundred eighteen eighty one.
We'll go to Kellyfinancial dot org.

Speaker 4 (01:44):
I'm Kelly Kelly from Kelly Financial. Retirement is a time
for new beginnings and for many that means downsizing. But
before you make a move, have you thought about how
it fits into your financial future. Downsizing isn't just about
selling your home. It's about making smart financial decisions that

(02:04):
protect your retirement, income and lifestyle. Our Kelly advisors can
help you navigate through the downsizing process with confidence. They'll
ensure you have the best text strategy in place in
order to maximize the proceeds from selling your home. We
also have a free investor guide called Your Retirement Income
Planning Checklist, which includes ways to develop a housing plan.

(02:29):
For the guide, or for a free consultation with a
Kelly advisor, call eight eight eight eight hundred eighteen eighty
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us.

Speaker 5 (02:44):
Save money strategies.

Speaker 3 (02:46):
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 5 (02:53):
Come retire with us.

Speaker 4 (02:58):
Good morning, dear friends, and dear listeners. I'm Kelly Kelly,
and welcome to our show on this fine Saturday morning.
I'm here with my handsome son, William Kelly Junior, as
we speak every Saturday morning. Good morning, William, how are you.

Speaker 6 (03:15):
I'm well, Mom, and yourself.

Speaker 7 (03:16):
I'm doing great.

Speaker 8 (03:18):
Always a pleasure to be here in the recording studio
with you and Georgia, who always has to join us.

Speaker 4 (03:23):
So we should tell our listeners about her new protective gear.

Speaker 7 (03:27):
And what caused it.

Speaker 8 (03:28):
So, ladies and gentlemen, if you live in the Northeast,
especially in Massachusetts or Rhode Island, you might be familiar.

Speaker 6 (03:35):
With the hawk. Hawks are everywhere around here.

Speaker 8 (03:39):
My friend Johnny and I when we go explore abandoned
places or when we hang out.

Speaker 6 (03:44):
There's always a hawk or hawk eggs or something like that.

Speaker 8 (03:47):
When I'm at home, every now and then I'll see
a hawk, I'll hear its call, and I'll make sure
all the animals are inside.

Speaker 6 (03:54):
Well, let's just say there are a couple of new
hawks in town.

Speaker 7 (03:56):
We have about three, and they were highly upset.

Speaker 8 (03:59):
Yes, were very upset because they think that Georgia is
going to be their next meal. However, they're gravely mistaken
ladies and gentlemen.

Speaker 6 (04:07):
They have no chance.

Speaker 8 (04:09):
So first off, Murray Madaline went to the liberty of
buying all the products that we need. We have two
fake owls, maybe ten to twenty reflective pinwheels, and.

Speaker 6 (04:21):
I didn't even know these existed.

Speaker 8 (04:23):
But a protective vest with spikes on it for your dog.
I want to clarify something about our dog, Georgia. She
has no insecurity whatsoever. She's the most secure dog you
could ever meet. She has no bad feelings. Whenever she
wears clothing, she will go out and play in the mud.

Speaker 7 (04:42):
The rain, the sit she will go with the flow.

Speaker 6 (04:44):
She will go with the flow.

Speaker 7 (04:45):
So she's a lot like you, William.

Speaker 8 (04:47):
Well, that's very nice. I take this as a compliment.
I guess I learned it from someone. Well, Georgia has
been wearing this protective vest with spikes on it, and
it's also neon orange, which in nature is the color
of danger. So she has all the protection in the world.
She has these deterrens of the reflective pin wheels. She
has these fake owls, which are a competitor for the hawks,

(05:12):
which discourages them to go after something if they see
that the owls are already on it. And then also
granted the spikes and the neons.

Speaker 5 (05:20):
The spikes and.

Speaker 7 (05:21):
The neon are hilarious.

Speaker 4 (05:23):
The first time we put it on her Sunshine Fuel,
they pull up and they get out of their truck
and I see them through the window. They have this
grin on their face. Actually, you was thinking that it
was for coyote.

Speaker 8 (05:38):
That vest that she has is actually a coyote vest,
but it works for hawks as well.

Speaker 6 (05:43):
So it was correct.

Speaker 7 (05:44):
What doesn't slower down? She still has fun.

Speaker 4 (05:46):
So when I let her run in the backyard, I
put it on her.

Speaker 8 (05:50):
She's still jumping, running, chasing birds. Nothing's changed. She just
wears this outfit and she is just happy while doing it. Well,
no hawk has taking my dog. Unfortunately, they're protected under
the Migratory Birds Act.

Speaker 6 (06:03):
I would never go out of my way to harm
a hawk.

Speaker 8 (06:06):
But if a hawk was attacking my dog and this
act didn't exist, who would I prioritize the life of
my dog and the life of this random birth is
trying to kill her. It's unfortunately I can't protect her.
So this is the best we can do, and I
think it's pretty good.

Speaker 6 (06:21):
I agree.

Speaker 8 (06:22):
I look at this outfit right now, and I'm intimidated
by it looks like a biker outfit and it's very thick,
so it definitely would give her a lot of protection. Plus,
a hawk can only carry like four or five pounds.
Georgia weighs maybe twenty.

Speaker 6 (06:35):
The chances of.

Speaker 4 (06:36):
Hawks would try to carry her, they would come down
and attack.

Speaker 8 (06:41):
That's the issue. They would come down and they would
try to attack her. That would be the only way
they would be able to get her, so to speak.
But they would not be able to swoop down and
pick her up. That goes without saying George is protected well.
In other things, my life is taking a sudden change
because ladies and gentlemen, I'll be heading to Switzerland very

(07:03):
soon and I'll be seeing a very good friend of ours.

Speaker 6 (07:06):
And this friend currently goes to college there.

Speaker 8 (07:09):
He's on break currently, so this is the perfect time
to see him because when he is at school during classes,
he's very busy and focused and he doesn't really have
the time to see people. And I'll be able to
go to Brazilian jiu jitsu gyms with him, so I'll
be able to grapple. I'll also be able to explore Europe.
I've never been to Switzerland. I've explored plenty of Europe

(07:29):
with you and with Mary Madaline, but I haven't been
to Switzerland, and I haven't been with just a friend
and with the sole purpose of just going.

Speaker 6 (07:38):
Around meeting a lot of new people.

Speaker 8 (07:40):
And it's going to be a great experience, I think,
so I'm extremely excited for that. I will also be
visiting our very own audio engineer, Rob Townsend in London
and the privilege to be able to stay with him
in his home. He invited me to his home with
his wonderful life, and I'll be staying in his son,

(08:01):
Dominic's room.

Speaker 6 (08:02):
Oh hopefully we'll get to.

Speaker 8 (08:03):
Meet I really hope. I think he's at university right now.
I don't know, but I would really like to meet Dominick.

Speaker 7 (08:08):
That would be great.

Speaker 8 (08:09):
He's my age actually, so it would be amazing to
meet him. But he invited me to his home that
was so nice north of the town.

Speaker 7 (08:18):
As your mother, it makes me feel better.

Speaker 4 (08:20):
I know you'll be safe, and I know traveling with
Carson will be safe.

Speaker 8 (08:25):
Your friend, I will say, Rob is very similar to
John in the respect that they're both extremely knowledgeable people.
They're a fountain of information of their lust for life,
their story. They're both quite amazing people, and especially Rob,
a man I've wanted to meet since I was a
little child that I've about and then I respected, but

(08:47):
from a distance, because you know, he's thousands of miles away.
The opportunity to finally a meet him and be go
to Great Britain, which has also been a dream of
mine and all my books as a child, is a.

Speaker 6 (08:58):
Dream come true.

Speaker 8 (08:59):
So Rob, you're listening to this right now because you're
editing it. I can't wait to see you. It's gonna
be an absolute blast. We're gonna have a ball. I'm
gonna make sure of it.

Speaker 6 (09:08):
Thank you so much for inviting me into your home.

Speaker 8 (09:11):
And Carson, if you're hearing this, thank you for taking
me to Switzerland with you and gallivanting around Europe.

Speaker 6 (09:16):
We're also going to.

Speaker 8 (09:17):
Have a blast. We're gonna grapple so much. We're gonna
have a lot of fun. We're gonna explore, meet new people.
So ladies and gentlemen, we got a lot going on,
especially in my life. There's gonna be a lot of action,
and there's gonna be more of it in the future.

Speaker 6 (09:29):
It's not gonna end here, so that's what's coming up.
I'm very excited.

Speaker 4 (09:34):
I want to wish everyone a wonderful rest of the
weekend and do keep us on your dial. There's no
denying that women face unique challenges in their golden years.
Mike Ducett and Mary Madeline Kelly we'll discuss the keys
to overcoming these challenges in today's installment of Safe Money Strategies.

(09:56):
Mary Madeline will return with Greg Murray for Money mat
They will be talking about smart planning for big expenses.
I will be back with John Boudris. We will have
an informative chat about the benefits of downsizing four retirees.

Speaker 7 (10:13):
We will also.

Speaker 4 (10:14):
Talk about how inflation and expenses play into a downsizing
decision and why you need an advisor to help. And
there's always some wit and wisdom from Bill Kelly William.
Thank you for chatting with me this morning. I look
forward to next Saturday. I love you, honey, I love
you too.

Speaker 6 (10:32):
And how us do our.

Speaker 3 (10:40):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight hundred eighteen eighty one or go
to Kelly Financial dot org.

Speaker 5 (10:52):
Come retire with us, let.

Speaker 9 (10:54):
Me tell you about Kelly Financial Services. You've worked hard
your whole life, You've saved, you've planned, and maybe even
pinched a few pennies to make your golden years just
that golden. But in a falling interest rate environment, unless
you're refinancing or taking out a loan, your fixed income
investments like bonds and savings accounts could take a hit,

(11:14):
especially if you're relying on interest income to fund your retirement.
Kelly Financial have just published a free investor guide called
Helping to Guard your Golden Years Ways to help Preserve
your retirement in a shifting economy. In it, you'll find
strategies you can use to build a solid financial plan
that can weather the storm of lower rates. For the guide,

(11:37):
or for a free retirement consultation with a Kelly advisor,
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.

Speaker 5 (11:49):
That's Kelly at Kelly Financial dot org.

Speaker 3 (11:54):
Safe Money Strategies Call eight eight eight eight hundred eighteen
eighty one.

Speaker 5 (12:01):
Good morning and welcome to the show.

Speaker 1 (12:03):
You are listening to Safe Money Strategies and my name
is Mike Ducett, Chief operating Officer at Kelly Financial. There's
no denying that women face unique financial challenges in their
golden years. While there are certainly many reasons for this,
one that I've seen firsthand as a financial advisor is
that society has conditioned both men and women to believe
that dealing with finances is more of a man's responsibility.

(12:25):
There's no question that this perception is changing, but in
my view, the change is not happening fast enough. The
reason I say this is that women live longer, making
them more likely to be left dealing with the financial
problems that come with agent. Living a long life can
mean being hit hardest by inflation, rising health care expenses,
the potential for outliving savings, and a host of other

(12:46):
financial challenges. So that's why today's show will be devoted
to empowering women in retirement planning. So if you are
a woman or have a woman in your life that
you care about, grab a cup of coffee and get
ready to explore the unique challenges and sportant mistakes and
strategies for women planning retirement.

Speaker 10 (13:03):
Good morning, This is Mary Madeline, Kelly, investment advisor at
Kelly Financial. The prospect of outliving savings is a concern
for anyone, and it becomes even more important for women
who typically live longer on average. It is essential to
have a well crafted financial plan that considers longevity to
help ensure an enjoyable retirement. If you are uncertain about

(13:24):
your current plan's ability to help minimize the risk about
living your savings, or if you lack a comprehensive retirement
income plan, we invite you to call our office today
and schedule your complementary consultation. Come and meet our team
where we can review your situation and provide a personalized
income analysis. Reach us at eight eight eight eight hundred
eighteen eighty one. You can also find us online at

(13:46):
Kelly Financial dot org. Let us help you pursue a
more confident financial future during your retirement years.

Speaker 1 (13:52):
Empowering ourselves with knowledge enables us to make intelligent financial decisions.
By prioritizing self care, we can increase the chances we
will lead a comfortable lifestyle in the future, with the
freedom to make choices about how we want to live.
As you look forward to retirement, do you envision days
enjoying your free time, savoring uninterrupted days with family and friends, traveling,

(14:13):
pursuing hobbies or doing charitable work, or are you overwhelmed
with dread and worry about finances. The difference can come
down to thinking through the challenges you'll face in advance
and having the appropriate plan to address them.

Speaker 10 (14:25):
While it is important for everyone to recognize that our
future financial confidence lies in our own hands, the sober
reality is that women encounter unique obstacles that men may
not face. Whether married, divorced, singled, or widowed, taking charge
of your finances and being proactive can be essential to
prepare for your retirement. Throughout my years as a financial

(14:45):
advisor and in my personal life, I've witnessed the unique
challenges that many women encounter while planning their financial future.
The good news is that there are effective strategies that
can be adopted to overcome those challenges, but one of
the keys lie in proactive planning. Today, let's delve into
some of the less obvious yet highly impactful issues that

(15:06):
women may face and explore how to navigate them confidently.
By addressing these critical aspects, we can help pave the
way for a more confident and rewarding financial journey ahead.

Speaker 1 (15:15):
Perhaps one of the most significant risks faced by all
retirees and particularly women due to increased longevity, is the
possibility of outliving savings. This is the retiree's worst outcome.
With longer life expectancies, women may spend more years in
retirement than their male counterparts, requiring their retirement funds to
last longer. This longevity risk can lead to financial insecurity

(15:37):
and potential hardships if not adequately addressed.

Speaker 10 (15:40):
One of the key factors contributing to this risk is
the rising cost of healthcare. As women age, they may
face increased medical expenses, including long term care costs, which
can quickly deplete retirement savings. Moreover, inflation can erode the
purchasing power of savings over time, making it challenging for
retirees to maintain their desired standard of living throughout their

(16:02):
extended retirement years.

Speaker 1 (16:03):
To help mitigate the risk of outliving savings, it is
important for women to plan early and adopt a proactive
approach to retirement planning. This includes setting realistic retirement goals,
regularly reviewing and adjusting financial strategies, and exploring different investment
opportunities that align with their risk tolerance in financial objectives.

Speaker 10 (16:22):
One mistake that can have significant implications for women's retirement
planning is the failure to track and monitor social Security earnings.
These earnings hold valuable potential for financial confidence in later life,
but women often experience career interruptions due to taking on
a greater responsibility for care given to children, elderly parents,

(16:43):
or other family members. These interruptions could increase the chances
that earnings in some years might not accurately get reported
to Social Security. By not keeping a close eye on
these earnings, women may miss out on important benefits that
can offer support for them and their families during times
of need.

Speaker 1 (17:00):
The impact of this oversight can be far reaching. Firstly,
accrude social Security earnings can potentially provide a vital safety
net in case of disability, helping to ensure a steady
stream of monthly benefits to cover living expenses and medical costs. Additionally,
these earnings may extend beyond one's lifetime, offering financial support
to survivors after death.

Speaker 10 (17:20):
In addition, many women may qualify for Social Security benefits
through their spouse's work history. This can lead to benefits
being accessible once their husband retires, becomes disabled, or passes away. However,
to leverage these benefits fully. It is essential to be
well informed about the eligibility criteria and actively monitor the
earned credits to avoid costly mistakes. It can be important

(17:43):
to take an active role in tracking your Social Security
earnings and keeping informed about the potential benefits available to
you and your family.

Speaker 1 (17:50):
Mary Madelin and I need to take a quick break,
but we'll return later in the show to discuss the
impact of Social Security survivor benefits, So stay tuned.

Speaker 3 (18:01):
Kelly Financial Services eight eight eight hundred eighteen eighty one.

Speaker 2 (18:07):
Ready to enjoy your golden years without worry. At Kelly
Financial we know retirement planning can be overwhelming. With more
than twenty one 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

(18:29):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with us.

Speaker 7 (18:37):
Hi.

Speaker 4 (18:37):
I'm Kelly Kelly from Kelly Financial Services. What do you
look for when choosing a financial advisor? We like to
believe is based on shared values, trust and knowledge. We've
been serving clients in the Greater Boston area for more
than twenty years now.

Speaker 7 (18:51):
If you have investable assets.

Speaker 4 (18:53):
And want to learn more about our experience, call us
eight eight eight eight hundred eighteen eighty one or email
Kelly at Canfinancial dot org to set up a free
retirement consultation. We're Kelly Financial. Come retire with us.

Speaker 3 (19:07):
Now The Money Wrap with Kelly Financial Advisors, Greg Murray
and Mary Madeline Kelly.

Speaker 6 (19:14):
Good morning.

Speaker 11 (19:15):
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 investment advisors. How are you
doing today?

Speaker 10 (19:24):
Good morning, Greg, I am doing great. I have been
busy working, spending time with family and seeing any chance
I can get, so I really cannot complain. What is
one word to describe how you're feeling today?

Speaker 11 (19:38):
Excited? The market is promising, things are going well for me.
There's a lot of positivity out there. To steal a
phrase from your father, life is good.

Speaker 10 (19:46):
It is very good. So for today's chat, I figure
we would discuss something that pretty much every person can
relate to, preparing for a big financial expense.

Speaker 11 (19:55):
I'm excited to chat about this topic. Because let's be honest,
everyone has some point faces big financial expense that they
weren't fully.

Speaker 5 (20:01):
Prepared for exactly.

Speaker 10 (20:03):
Whether it's replacing a roof, sending your child off to college,
or paying for a wedding, these costs can creep up fast,
but with some smart planning, you can handle them without
derailing your long term financial goals.

Speaker 12 (20:16):
Right.

Speaker 11 (20:16):
The key is to plan ahead and be intentional about
where you're pulling the money from.

Speaker 10 (20:20):
So first, let's talk about how to prepare for a
large expense. If you know an expense is coming and
let's say the next three to five years, what should
someone do first?

Speaker 11 (20:29):
The first step is identifying the exact cost and timeline.
For example, if your roof is nearing the end of
its life span, he your child just got engaged. Start
running some numbers. You want to get as close as
possible to an accurate estimate.

Speaker 10 (20:40):
Right, and don't just assume, oh, I'll figure it out
when the time comes. Knowing the amount and the deadline
will help determine the best funding strategy.

Speaker 11 (20:48):
Okay, so now that you know what you need and
when you need it, let's talk about where to pull
the money from. This is where people can either set
themselves up for success or make costly mistakes.

Speaker 10 (20:57):
Let's break it down into a few smart options, greg,
what is the best option for someone with a short
term expense coming up?

Speaker 11 (21:04):
If the expense is within the next few years, A
high yield savings account or money market account is ideal.
It's liquid, safe, and still earn some interest.

Speaker 10 (21:12):
Absolutely, and this is why we always recommend having a
separate savings bucket from major planned expenses. You don't want
to pull it from your emergency fund, which should be
for true unexpected emergencies.

Speaker 11 (21:24):
Now, if you have a longer time arise and say
five plus years, you might consider investing in a taxable
brokerage account with a conservative mix.

Speaker 10 (21:31):
Of investments, and just be mindful of market fluctuations. If
the market is down when you need the funds, you
don't want to be forced to sell at a loss.

Speaker 11 (21:38):
For home related expenses, a home equity line of credit
or helock can be an option. It's not my first recommendation,
but for big projects like a new root for major renovation,
it can be a useful tool, especially if interest rates
are reasonable.

Speaker 10 (21:52):
But a big warning with that only use home equity responsibly.
If it's an expense that doesn't add value to your home,
like a vacation or a wedding. I would be cautious
about using your home as collateral.

Speaker 11 (22:03):
Now let's talk about what not to do. I see
a lot of people tap into their four to one
KS or I RaSE to cover major expenses, and that's
usually a.

Speaker 10 (22:10):
Mistake unless you're an extreme situation. Pulling from retirement early
means paying penalties, taxes, and missing out on years of
potential growth. So let's say someone realizes they need thirty
thousand dollars for a home renovation in three years, Greg,
how would you help them structure that plan?

Speaker 11 (22:28):
Great question. First, I break it into manageable savings goals.
If they need thirty thousand dollars in three years, they
should aim to save ten thousand dollars per year or
about eight hundred and thirty three dollars per month.

Speaker 10 (22:38):
That's a great way to make it digestible. And where
would you recommend that they save it?

Speaker 11 (22:42):
Since it's a short timeline, I'd recommend a high yield
savings account or money market account. If they already have
some investments, they could consider pulling from a brokerage account,
but they should be mindful of taxes and market conditions.

Speaker 10 (22:53):
All right, so before we wrap up, let's give our
listeners some final takeaways. What is your number one tip
for planning for big expenses?

Speaker 11 (23:00):
Start early and be intentional, even if you don't know
the exact amount. Start setting inside funds now so you're
not scrambling later.

Speaker 10 (23:06):
Love that, and I'd add be strategic about where you
pull your money from. Avoid dipping into retirement and make
sure you're using the right type of account for your timeline.

Speaker 11 (23:16):
Absolutely, and if you're not sure the best strategy for
your situation, talk to a financial advisor like us. We're
here to help make smart money decisions.

Speaker 10 (23:24):
Of course, as always, thank you for your expertise and
guidance today. I hope you have a wonderful rest of
your weekend.

Speaker 6 (23:30):
You too, Mary Madeline.

Speaker 3 (23:31):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team, call
aight A eight eight hundred eighteen eighty one.

Speaker 4 (23:43):
I'm Kelly Kelly from Kelly Financial. Downsizing and retirement is
more than just moving. It's about ensuring the financial decisions
you make maximize retirement income. Our free investor guide called
your retirement income planning checklists includes ways to develop.

Speaker 7 (24:00):
A housing plan. For the guide.

Speaker 4 (24:03):
Call eight eight eight eight hundred eighteen eighty one or
email Kelly at Kellyfinancial dot org. We're Kelly Financial. Come
retire with us.

Speaker 5 (24:13):
It's sorry what you've done.

Speaker 6 (24:14):
That's important, but it's the challenge it has been.

Speaker 2 (24:17):
Sir Edmund Hillary said those words after reaching the summit
of Mount Everest. But in climbing, the descent is just
as perilous as the acent, and the same is true
in retirement planning. Learn why Call Kelly Financial Services today
for a retirement consultation. Call eight eight eight eight hundred
eighteen eighty one or visit Kellyfinancial dot org. What goes

(24:38):
up must come down. We're Kelly Financial. Come retire with us.

Speaker 3 (24:43):
Safe Money Strategies with John Hoodrist.

Speaker 5 (24:46):
I'm Kelly Kelly.

Speaker 3 (24:47):
Call the team on eight eight eight eight hundred eighteen
eighty one.

Speaker 2 (24:54):
And we are back. I'm John Hoodris, the co host
of Safe Money Strategies with a voice today from all
of that cold weather. Maybe thanks for joining me this morning.
I know you are here many Saturday mornings and were
very grateful for that. Well, it is a new year
and you know what that means. We have resolutions and
fresh starts and new opportunities. And it reminds me of

(25:18):
a story a good old friend of mine who grew
up in Newfoundland, actually in a little island off of Newfoundland.
He was one of eighteen children, and when his parents
were on about child six or seven, they decided they
needed more room, so they built a second story on
their one story bungalow and proceeded to have another crop.

(25:42):
And then after they hit eighteen and the kids started
to grow up and move away, and they dwindled back
down to only three or four, his dad decided it
was time to take the roof off of the second
story and make the house a one story house again.
Might why did he do that? And his answer was

(26:03):
he was downsizing. Today's topic is going to be downsizing.
We're going to be talking about that, specifically why downsizing
in retirement might be one of the smartest financial moves
you can make this year. Now, to break it down
for us a little bit more, will be Kelly Kelly,
the CEO of Kelly Financial. Kelly, good morning and welcome.

Speaker 7 (26:23):
Good morning, John.

Speaker 4 (26:25):
Happy to be here with you on this fine Saturday morning.

Speaker 2 (26:28):
So Kelly twenty twenty five is here, and today we're
talking about downsizing. People hear the word and maybe thinking
it's about giving up space, selling their home, or even
letting go of some of their sentimental items they've collected
over the decades. But there is so much more to it,
isn't there.

Speaker 4 (26:47):
Absolutely, Downsizing isn't just about moving to a smaller home.
It's about simplifying their lives, cutting unnecessary expenses, and setting
themselves up for financial peace of mind in retirement. A
lot of retirees are sitting on homes that have outgrown
their needs, more space than they use, higher maintenance cost

(27:11):
and property taxes that just keep going up. Downsizing can
free up cash, it can reduce stress and allow retirees
to focus on the things they love.

Speaker 2 (27:24):
Well. That makes a lot of sense. As you know,
in our culture, we've been conditioned to think bigger is
always better, But when it comes to retirement, hanging on
to that big house might actually hold people back financially,
if not to seek the experiences they might want to
have in retirement. When you have this massive arc of

(27:44):
a house to take care of, and believe me, I
know about that twice. So what are some of the
key financial benefits retirees can expect from downsizing.

Speaker 4 (27:54):
Let's start with the most obvious, lower housing cost. Moving
to a smaller home, condo, or even a retirement community
often means lower mortgage payments or better yet, no mortgage
payment at all if homeowners can buy outright with the
proceeds from selling their current home. Plus smaller homes usually

(28:16):
mean lower utility bills, maintenance expenses, and property taxes.

Speaker 2 (28:22):
And those savings can really add up across time.

Speaker 4 (28:26):
That's right, and let's not forget the opportunity to unlock
home equity. Many retirees have spent decades building up equity
in their homes, and downsizing allows them to tap into
that wealth and put it to better use. It could
be used for investing, traveling, or just having a financial

(28:48):
cushion for healthcare expenses.

Speaker 7 (28:50):
Down the road.

Speaker 2 (28:50):
Kelly, you've just mentioned healthcare, and we know that that's
a big concern for retirees. How can downsizing help with
those expenses too, because I believe they do.

Speaker 7 (29:01):
Definitely.

Speaker 4 (29:02):
As we age, healthcare costs tend to rise, and downsizing
can free up funds to cover unexpected medical bills or
long term care Additionally, moving to a community that offers
amenities like on site healthcare services or maintenance free living
can provide peace of mind and stability.

Speaker 2 (29:24):
You certainly can't put a price tag on peace of mind,
But what about lifestyle benefits. Some retirees might be hesitant
to leave a home they've been in for so many years.

Speaker 4 (29:34):
That's a valid concern, and it's why our advisors here
at Kelly Financial tell our clients that downsizing isn't just
about dollars and cents. It's about quality of life. Moving
to a smaller home often means less maintenance, fewer chores,
and more time to enjoy hobbies, travel and family. Many

(29:55):
retirees find that downsizing allows them to live in a
community that better suits their current needs, closer to family,
near recreational activities, or even in warmer climates. It's about
making life easier and more enjoyable.

Speaker 2 (30:13):
Okay, let's get practical. What are the first steps some
of our listeners might want to take if they're considering
downsizing this year.

Speaker 4 (30:21):
Well, first, they should take an honest look at their
current home and ask themselves, is this still the best
fit for my retirement lifestyle. Then they should consider a
few steps. First, they should assess their finances by working
with a financial advisor to understand how they can afford

(30:41):
to spend or need to save. They can get a
clear picture of what their long term budget will look like. Next,
they should declutter and prioritize their belongings. This is not
an easy thing to do, as we all know, downsizing
means letting go of stuff, so they should start sorting

(31:02):
through everything they own to decide what's truly essential. Researching
housing options where they may want to live would come next.
Whether it's a smaller home, condo, or retirement community, is
about finding what fits their lifestyle and financial goals. Lastly
is time to plan for the move. Selling a home

(31:24):
and moving can be stressful, so they should have a
detailed plan to ensure it goes smoothly.

Speaker 2 (31:31):
All great advice, Kelly, and I imagine that emotionally, it's
important to take it step by step.

Speaker 4 (31:37):
It's a process and taking time to make thoughtful decisions
is key. But once retirees make the move, they often
say they wish they had done it sooner.

Speaker 2 (31:47):
Yes, it is one of those things where people may
not realize how much stress their old house was bringing
until they finally let it.

Speaker 7 (31:55):
Go right exactly, John.

Speaker 4 (31:57):
For many retirees, less house means less worry and more freedom.

Speaker 2 (32:03):
So what's your advice for retirees who may be on
the fence about downsizing.

Speaker 4 (32:08):
I'd say don't wait until they're forced to downsize because
of financial strain or health issues. Proactive planning gives retirees
more choices and better control over their future. Downsizing can
be one of the most rewarding decisions they make financially, emotionally,
and practically.

Speaker 2 (32:29):
Well, you've certainly given us a lot to think about, Kelly.
If you've been considering downsizing, now's the time to take
some action. Why not make twenty twenty five the year
you simplify and secure your future? Before we go, where
can our listeners find more information?

Speaker 4 (32:46):
Give us a call at Kelly Financial Services and speak
to one of our advisors. They'd be happy to help
guide our listeners through their downsizing journey. As part of
any move, it is important to have a checklist. Just
as they'd have a checklist for their personal belongings, they
should also have a retirement income checklist so they can

(33:09):
plan for such transitions as well as their financial future.
Our free Investor guide. Your Retirement Income Planning checklist highlights
ten financial strategies, including how to develop a housing plan
that help retires address any challenges they may face in

(33:29):
creating the retirement income they need for their desired lifestyle.
Downsized or otherwise.

Speaker 2 (33:36):
That's fantastic, Thanks again, Kelly. To get the guide and
to make a complimentary appointment with a Kelly Financial advisor,
call eight eight eight eight hundred eighteen eighty one or
email Kelly at Kellyfinancial dot org. It's all the time
we have for now. Thanks for joining me this morning.
When we come back, we'll look at how inflation and

(33:57):
expenses play into the down sizing plan and why you
need an advisor to help. You're listening to Safe Money
Strategies the radio show heard right here on WRKO and
streaming on the iHeart app. Stay tuned and Molly back
in a flash.

Speaker 3 (34:18):
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 4 (34:28):
Hi.

Speaker 7 (34:29):
I'm Kelly Kelly.

Speaker 4 (34:30):
For twenty one years, Kelly Financial Services has been serving
people like you today. We are still guided by the
with and wisdom of my late husband and co founder,
Bill Kelly.

Speaker 12 (34:41):
When's the best time to plant a tree? Twenty years ago?
When's the second best time to plant a tree? Today? Tomorrow?

Speaker 4 (34:49):
Growth in all aspects of life are the hallmarks of
a fulfilling retirement. We're Kelly Financial. Come grow with us
and come retire with us.

Speaker 2 (34:58):
Are you moved by the transit from one season to another,
like winter into spring or summer inter fall? Likewise, we
are moved by life's transitions, losing a job, facing retirement,
the passing of a spouse. Are you prepared for the
financial hazards each transition brings? The financial advisors at Kelly
Financial can help you triumph over life's transitions. Call eight

(35:20):
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. Serving Boston for twenty one years
Safe Money Strategies eight eight eight eight hundred one eight
eight one. Come retire with us and we are back.
I'm John Goudris, the co host of Safe Money Strategies,

(35:43):
and thanks for joining me this morning. Well, today we're
talking about a topic that's on everyone's mind, Inflation, rising
expenses and what it all means for your retirement. If
you are a retiree or are planning to retire soon,
you've probably noticed that the cost of everything from groceries
to gas, to healthcare to energy just keeps going up.

(36:06):
And when you're on a fixed income, these increases can
really squeeze your budget. They can really hurt. That's why
many retirees are considering downsizing. But it's not as simple
as just selling your house or moving to a smaller one.
There's a lot of financial factors to consider, a lot
of moving parts, and that's why you need a good
advisor in your corner. So to walk us through the

(36:29):
factors to consider when downsizing, let's bring back Kelly Kelly,
the CEO of Kelly Financial. Kelly, good morning, and welcome back.

Speaker 7 (36:38):
Good morning once again, John Kelly.

Speaker 2 (36:40):
Before the break, we spent some time talking about the
benefits of downsizing. Now we want to cover the factors
which could impact this decision that folks should consider. Now,
we know that inflation has hit us really hard these days,
and retirees are feeling it more than probably anyone. So
how does inflation factor into this decision to downsize?

Speaker 4 (37:04):
Inflation is a big threat to retirees financial security when
you're living on a fixed income, Rising costs can eat
away at savings faster than they might expect. Housing, property taxes,
and maintenance costs continue to rise year over year, and
for many retirees, their current home is becoming more of

(37:27):
a financial burden than they anticipated. Downsizing can be an
effective way to reduce those expenses and free up funds
to cover increasing cost in other areas like health care
and everyday living expenses.

Speaker 2 (37:42):
Right, but it's not just inflation. It's also about ongoing
expenses that can really add up over time.

Speaker 4 (37:49):
Exactly, even without inflation, the cost of maintaining a larger
home can be overwhelming. We're talking about utilities, landscaping, rep hairs,
things that seem minor on a month to month basis,
but can really add up over the years. Plus, the
bigger the house, the more time and effort and money.

Speaker 7 (38:11):
It takes to keep it in good shape.

Speaker 4 (38:13):
Downsizing to a smaller home, a condo or even a
retirement community can significantly lower these costs and provide a
more manageable lifestyle.

Speaker 2 (38:24):
Plus, retirees want to make sure their money lasts as
long as they do. I mean, that's like the prime objective.

Speaker 4 (38:31):
That's the goal, and why planning is so important. Downsizing
isn't just about cutting costs, It's about reallocating financial resources
to ensure long term stability. This is where a retirement
income strategy can come into play. Whether that means investing

(38:51):
the proceeds from the sale of their home, putting more
money into healthcare planning, or simply having a cushion for
unexpected expenses. An advisor can help retirees make smart choices
with their income to achieve their long term goals.

Speaker 2 (39:07):
Well, speaking of making smart choices, let's talk more about
the role of a financial advisor. Why is it crucial
to have someone with you when you're considering this downsize.

Speaker 4 (39:19):
Well, John, Downsizing involves a lot of moving parts, financial, emotional,
and logistical. A financial advisor helps retirees navigate all of
it by assessing their current financial picture, future needs, and
the potential impact of a move. For example, selling a

(39:40):
home can come with tax implications. Depending on where they move,
they could face different property tax rates or a homeowner
association fees that impact.

Speaker 7 (39:51):
Their bottom line.

Speaker 4 (39:52):
A good advisor will look at the big picture income, investments,
healthcare costs and help their client determine if downsizing truly
makes sense for them and their specific situation.

Speaker 2 (40:06):
Let's also not forget this, Selling a home isn't free.
There are realtor fees, closing costs, moving expenses, and the
dreaded inevitable capital gains tax.

Speaker 4 (40:19):
That's true, those costs can increase quickly. Many retirees think
they'll make a big profit from selling their home, but
once they account for all the fees and potential renovations
needed to get the best price, the final number might
not be as high as expected. An advisor helps break

(40:39):
down those costs so they don't get caught off guard.

Speaker 2 (40:42):
So what are some of these common mistakes people make
when downsizing without this professional guidance.

Speaker 4 (40:49):
One big mistake we see is underestimating future living expenses.
Retirees may move into a smaller home, but they don't
always consider the full cost of living in that new space,
like homeowner association fees, new insurance rates, or even lifestyle
costs like travel in hobbies. Another common pitfall is making

(41:13):
emotional decisions, hanging on to a home longer than they should,
or rushing into a move without fully understanding the financial implications.

Speaker 2 (41:23):
Well, that's a great point, and it's a good idea
to remember that your home is more than just a
place to live. It's an asset, and it's important to
be strategic about how you use it in retirement. Now, Kelly,
what would be your advice to someone listening right now
who's thinking about making that downsize move. What's that first step?

(41:44):
What should they do right out of the gate?

Speaker 4 (41:47):
I'd say, take a hard look at their financial situation.
They should consider their current expenses, their long term retirement goals,
and whether their home still fits their lifestyle. Then contact
to one of our Kelley advisors who can help weigh
up the pros and cons of downsizing, develop a step

(42:07):
by step plan, and ensure the transition is smooth and
financially sound. Having a solid retirement income strategy in place
at this time can also take a lot of stress
of moving expenses off of their shoulders.

Speaker 2 (42:23):
And of course, it's never too early to start planning
right for both retirement income and.

Speaker 4 (42:29):
For downsizing correct even if they're just considering downsizing, Having
a retirement income plan in place will give more options
and greater flexibility when.

Speaker 7 (42:40):
The time is right.

Speaker 4 (42:41):
As we like to advise our clients, the earlier you start,
the more control you'll have over your financial future, and there.

Speaker 2 (42:50):
Are other available resources that could help our listeners as
they put their downsizing and their retirement income checklist together.

Speaker 4 (42:58):
It's our free and est guide called your Retirement Income
Planning Checklists. There are many variables involved when planning to downsize,
and having a retirement income plan in place with the
help of a financial advisor will create a clear picture
of what they actually can do next.

Speaker 2 (43:19):
That's great to get the guide and make a complimentary
appointment with a Kelly Financial Advisor called eight eight eight
eight hundred eighteen eighty one or email Kelly at Kellyfinancial
dot org. That's all the time we have for now
and as always, thanks for joining me. You're listening to
Safe Money Strategies the radio show heard right here on

(43:40):
WRKO and streaming on the iheartapp. Stay tuned and we
will be right back.

Speaker 3 (43:50):
Kelly Financial Services. Call eight eight eight eight hundred eighteen
eighty one.

Speaker 2 (43:56):
Ready to enjoy your golden years without worry at a
financial We know retirement planning can be overwhelming. With more
than twenty one 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 5 (44:14):
For a free.

Speaker 2 (44:14):
Initial retirement consultation, call eight eight eight eight hundred eighteen
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come Retire with Us.

Speaker 4 (44:26):
I'm Kelly, Kelly from Kelly Financial. Downsizing in retirement is
more than just moving. It's about ensuring the financial decisions
you make maximize retirement income. Our free investor guide called
Your Retirement Income Planning Checklist includes ways to develop a
housing plan for the guide. Call eight eight eight eight

(44:47):
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

Speaker 7 (44:52):
Where Kelly Financial. Come Retire with Us.

Speaker 3 (44:55):
Safe Money Strategies Call eight eight eight eight hundred eight
I've seen at one, or go to Kelly Financial dot org.

Speaker 5 (45:05):
Welcome back.

Speaker 1 (45:05):
You're listening to Safe Money Strategies and my name is
Mike Ducett. Joining me in the studio this morning is
Kelly Financial, Investment Advisor Mary Madeline Kelly. Today's show is
devoted to empowering women in retirement planning. We ended the
first half of our segment discussing the importance of playing
an active role in tracking your social security earnings. Mary
Madaline what other advice do you have as it pertains

(45:26):
to social security maximization.

Speaker 2 (45:28):
Yeah.

Speaker 12 (45:28):
So.

Speaker 10 (45:28):
When it comes to planning for social security benefits, married
couples often face an important, yet frequently overlook decision making
aspect the impact of social security survivor benefits. The mistake
commonly made is when one spouse solely considers his life
expectancy to determine the most appropriate time to start receiving benefits.
Many individuals use break even analysis to calculate how long

(45:51):
they must live to receive a greater lifetime benefit by
delaying their benefits. However, this approach often neglects an important factor,
the well being of the surviving spouse. Social Security provides
a guaranteed lifetime benefit with automatic cost of living adjustments,
making it a valuable resource for leaving funds to a
surviving spouse with a smaller social security benefit.

Speaker 1 (46:11):
So to make the most appropriate decision for both optimizing
the worker's benefit and helping ensure sufficient support for surviving spouse,
a more comprehensive approach is usually necessary. Evaluating the timing
of social security benefits must consider the potential impact on
the surviving spouse's financial stability By strategic planning, couples can
help ensure their future and that of their partner insure

(46:35):
both receive the maximum benefits available. Surviving spouses should also
be familiar with the different rules that apply to retirement accounts.
Isn't that correct, maror Madalin?

Speaker 10 (46:44):
Yes, and overlooking the rules that govern retirement plans and
survivor benefits for both you and your spouse can be
a costly mistake with potential financial consequences. The regulation surrounding
retirement plans vary depending on whether they are defined contribution
plans like a four one or defined benefit plans such
as traditional pension plans. For couples who are part of

(47:05):
a defined benefit plan like a traditional pension, it is
important to be aware of the survivor benefits available. In
the event of the enrolled employee's death, the surviving spouse
may be entitled to receive a survivor benefit automatically, unless
both spouses agree in writing to forfeit this benefit. Not
being informed about these options might result in losing out

(47:26):
on a valuable source of income that could provide essential
financial support for the surviving spouse in the future.

Speaker 1 (47:31):
Checking the summary plan description or consulting with the plan
administrator can help clarify the availability of survivor annuities or
other death benefits for individuals who are beneficiaries under this
spouse's defined benefit pension plan. It is important to request
a copy of the summary, plan description and other plan
documents that outline the vested benefits. Understanding the benefits available

(47:54):
can aid in making informed decisions about financial planning after
the spouse is passing. Although there may be a fee
associated with obtaining this information, the insights gained can be
invaluable and helping ensure a confident financial future.

Speaker 10 (48:07):
Also, if either spouse participates in a defined contribution plan
such as a four oh one K, the rules concerning
spousal rights may differ. Being unaware of these specific guidelines
may lead to missed opportunities for helping to maximize the
benefits available in such plans. To help avoid this mistake,
it can be important for couples to actively seek information
about the retirement plans and the rights of their spouses

(48:30):
in case of death. Engaging with planned administrators, carefully reviewing
plan documents, and seeking professional advice can help ensure that
both spouses are well informed and can make strategic decisions
to help ensure their financial wellbeing in retirement and in
the event of an unforeseen circumstance.

Speaker 1 (48:47):
A confusing term that our listeners may have heard of
is the widow's tax penalty, which refers to the financial
burden that surviving spouses often faced after the death of
their partner. When a spouse passes away, the surviving sp
typically loses one Social Security benefit, usually the lower of
the two. This can result in a reduced income for
the surviving spouse.

Speaker 10 (49:07):
Additionally, the surviving spouse may also face higher tax rates
because their filing status changes from joint married to single
tax payer. This change in filing status can lead to
higher tax liabilities at the same time that income is reduced.
The widow's tax penalty highlights the need for comprehensive financial
planning and consideration of potential tax implications to ensure surviving

(49:30):
spouses can maintain their financial confidence during a difficult time.

Speaker 1 (49:33):
All right, so we've covered planning strategies that should be
explored when a spouse passes away. How about financial strategies
in the event of a divorce.

Speaker 10 (49:41):
Good point, so, failing to recognize and explore the entitlement
to a portion of a spouse's retirement benefit during a
divorce or legal separation can be a significant oversight with
long term financial repercussions for women. In the event of
a divorce, women may have the opportunity to claim a
share of their spouse's retirement benefit or vice versa, depending

(50:01):
on the specific circumstances. This can be addressed through a
qualified domestic relations order, also known as a QUADRO, a
court issue document commonly used in most private sector retirement plans.

Speaker 1 (50:13):
The potential consequences of disregarding this aspect can be far reaching.
By not being aware of the rights to a portion
of their spouse's retirement benefit, women may inadvertently forego a
valuable source of income during their post divorce life. This
can lead to a reduced standard of living in retirement
and financial instability, especially if they relied on this spouse's

(50:33):
retirement savings during their marriage.

Speaker 10 (50:35):
When going through a divorce or legal separation, it can
become important for women to consult their spouse's plan administrator
or seek legal advice to understand the options available to them.
A QUADRO can serve as a mechanism to help ensure
fair distribution of retirement benefits, providing women with a financial
footing as they transition into a new phase of life.

Speaker 1 (50:55):
Each retirement plan may have specific requirements for quadros, making
it important for individuals and their attorneys to be well
informed about the plan's guidelines. Overlooking this step or assuming
that retirement benefits will automatically be divided, can result in
missed opportunities and potential financial hardships in the future.

Speaker 10 (51:13):
And another divorce related issue involves the entitlement to claim
Social Security benefits based on their ex spouse's earning record,
provided that they meet specific conditions such as being married
for at least ten years, remaining unmarried, and being at least.

Speaker 7 (51:28):
Sixty two years old.

Speaker 1 (51:29):
These and other issues can indeed present unique challenges, particularly
affecting a woman's ability to embrace in enjoyable retirement, regardless
of your matrial status, whether single, married, divorced, or recently widowed.
One of the keys to overcoming these challenges lies in
acquiring knowledge and adopting a proactive approach to your financial planning.

Speaker 10 (51:48):
We are committed to helping you create a robust retirement
plan that aligns with your unique goals and circumstances, helping
ensure you enjoy the retirement that you deserve. Call us
today to schedule a compliment reconsultation with our team. And
with that, my name is Mary Madeline Kelly and I
Mike you.

Speaker 1 (52:05):
Said join us next week for more safe money strategies.

Speaker 3 (52:11):
Kelly Financial Services go to Kelly Financial dot org.

Speaker 5 (52:16):
Come in and take a seat. Thank you, it's nice. Yes, yes,
Now what do you want?

Speaker 3 (52:19):
Right?

Speaker 5 (52:20):
How are my sons performing? Hello?

Speaker 3 (52:24):
Look at the pretty colors the sun makes reflecting off
this class.

Speaker 2 (52:30):
If your financial advisor isn't listening, it's time for a change.
The advisors at Kelly Financial will listen and guide you
towards a more fulfilling retirement. For a free consultation called
eight eight eight eight hundred and eighteen eighty one, or
go to Kelly Financial dot org.

Speaker 3 (52:46):
Kelly Financial Services go to Kelly Financial dot org.

Speaker 5 (52:50):
Come retire with us.

Speaker 12 (52:52):
Everything I needed to know in life I learned on
my paper out. The first thing I did to have
it was I paid Lionel Py but fourteen dollars I believe.
I later sold the paper route for thirty four dollars.
I believe so investing in yourself. Investing in a business
could make money if you take care of it. And

(53:13):
grow it, or at least maintain it. Next was I
had to be diligent every day at three point thirty
for three and a half years, I showed up on
a country lane. A man drove by and threw bundles
of papers at me from a white daily news van,
and even though I thought he was trying to hit
me most of the time, basically I had to be there.
What's the rule? Show up, ladies and gentlemen. Now you

(53:36):
have to know how to handle money. In order to
run a successful paper rout. You have to pay your bills.
That's another lesson. Another thing that we learned from that
was accuracy for a nine year old child, ten year
old child, that's a big lesson. Many a day I
had to ride my bicycle into the city and back
out to the country to pay my bill. Now I

(53:57):
was thinking about that paper root money. I never really
saw it. I used to be able to keep a
buck seventy five eighty five cents of that money, but
really that money went into the general fund of the
Kelly family at the bailey Brook Farm, and every Friday
night my grandfather would help me to collect up the money,
count it, arrange it. When I was married. When we

(54:18):
were leaving the reception hall, he grabbed me by the sleeve.
He said, come here, and he pulled out a passbook
and he handed me the passbook and there was over
twelve thousand dollars in the passbook. I said, what's this.
He said, to you paper money, and he said, I
put a little bit in there myself too. I just
want to let you know I saved as much of
it as I could for you and good luck. There

(54:40):
are lessons to be learned, and that was probably the
longest running lesson. If you save your money, someday it'll
come in pretty dog on handy, right, ladies and gentlemen.
So those were the lessons showing up investing in yourself,
maintaining what you have, making it more valuable, saving for
the long term. And those are lessons that we can

(55:02):
take advantage of today, ladies and gentlemen. We have a
lot of families that come in to do just that,
and we want to make sure that we help those
people to the best of our ability. At all times.
We're not one hundred percent right one hundred percent of
the time, but we have a pretty good dog on
good track record, Ladies and.

Speaker 3 (55:17):
Gentlemen safe money strategies eight eight eight eight hundred one
eight eight one.

Speaker 5 (55:26):
Come retire with Us.

Speaker 4 (55:28):
I'm Kelly Kelly from Kelly Financial. Downsizing in retirement is
more than just moving. It's about ensuring the financial decisions
you make maximize retirement income. Our free investor guide called
Your Retirement Income Planning Checklists includes ways to develop a
housing plan. For the guide. Call eight eight eight eight

(55:49):
hundred eighteen eighty one or email Kelly at Kellyfinancial dot
org where Kelly Financial.

Speaker 7 (55:56):
Come retire with Us.

Speaker 2 (55:59):
The newsbreak 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 retirement 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 relocating or

(56:20):
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 retire at all.

(56:42):
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, see you next week.