Kelly Financial: Saturday, February 28, 2026

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Episode Transcript

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

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

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

(01:02):
offering insight and empowerment. Here at Kelly Financial, we help
steward over eight hundred million dollars across our affiliated business,
including more than six 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 a consultation, visit

(01:46):
Kellyfinancial dot org or call us at eighty 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 (02:13):
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 a 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,

(02:33):
in our family, and what really matters most when you're
planning for the future. Sometimes it's light, sometimes it's thoughtful,
but it's always real. Good morning William, Good morning Mom.

Speaker 2 (02:45):
I'm not handsome anymore, of course you are. Oh my gosh.
Usually every week I'm waiting for that compliment.

Speaker 4 (02:51):
Oh wow, yeah, I always said my handsome son. I
don't know how that got dropped.

Speaker 2 (02:58):
Oh no, I guess I'm losing my looks. Ladies and gentlemen,
oh you you were handsome. We'll find a way to
carry on.

Speaker 4 (03:05):
I don't know how, but I will, both inside and outside.

Speaker 2 (03:10):
Oh thank you you as well.

Speaker 4 (03:12):
Oh pretty well, thank you, honey.

Speaker 2 (03:14):
Well this week at Brant University, classes were canceled in
this previous school week, and I wonder why, ladies and gentlemen.
The blizzard of twenty six has now beaten the blizzard
of seventy eight, And for generations, Rhode Islanders have been
told by their parents and grandparents about the blizzard of
seventy eight, and no longer can they talk about it.

(03:34):
Now it's our turn to shine. And for those who
are not familiar with the blizzard was something that people
who are around then have never stopped talking about to
this day, and we finally beat it. We've had the
record blizzard here in Rhode Island and cool. I guess
all thanks to global warming. I suppose, I don't know.

Speaker 4 (03:54):
I don't know. Well, at least when when the summer comes,
I'm hoping it will lower the mosquito mosquitoes and.

Speaker 2 (04:05):
Ticks, hopefully, hopefully. So that's a huge, huge ask, but
it's one that I highly agree with. I pray that
it's a little mosquito summer, but it's always going to
be a mosquito summer, so we have to learn to
work with it. It's going to be warm here in
the dorm, I know that for a fact. But yeah,
so we had to wait until the last minute. Briant

(04:28):
is a very last minute decisions school. And that's not
good or bad, that's just how they do things. And
so you know, other schools will cancel classes, like for
the whole week, you know, the day in advance. Other
schools will you know, they'll be pretty onto it. And
with Bryant, you got to wait until the last couple
hours in the night before they tell you if classes
are canceled or not, or if it's online. And all

(04:50):
the commuters were freaking out last week because the roads
all week we're not. We're not that good. Even as
they're applowing, it was still pretty bad, and so commuters
are freaking out. As a school wasn't really have to
keep us on our toes. So it reminds me a
little bit of my high school. My high school is
definitely like that.

Speaker 4 (05:06):
Oh yes, it was last minute, but the good news
was that we were only a quarter of a mile
from it.

Speaker 2 (05:13):
Absolutely, they hated canceling class. It was the last thing
they do. They didn't care if those it was a tornado.
So those are good times. So how are the animals doing?
I heard that we have a guest stang over this week.

Speaker 4 (05:27):
We the animals have been good, and yes, Melly is here.
I've been babysitting her and she has been trained to
ring a bell at the door when she needs to
go outside to relieve herself. And she has been taking
advantage of that bell.

Speaker 2 (05:51):
Mellie.

Speaker 4 (05:52):
Oh my word, Mary Madden, you should have named her
Mellie Bell.

Speaker 2 (05:58):
She should have. So Mellie just rings the bell all
the time.

Speaker 4 (06:01):
She does well. In the beginning, every time they would
go out and they would come back in, I would
give them a treat a little time, you know, I
have like the little tiny training treats, so they're tiny,
So then they would just do it to get a treat.
Then finally I'm like, okay, this is not work anymore.
You you can't walk outside for five seconds, come back

(06:21):
in and get a treat. Because I was going with
it because I'm thinking I want them to come back
in when I asked them to so with the treats.
And then it just it, you know, just got out.

Speaker 2 (06:36):
Of George going along with that. Georgia is smart, but
she she's like, I'm too mature for this bell thing.
Georgia won't do it. She she likes to talk. She
doesn't like the bell.

Speaker 4 (06:46):
True, but they were so limited and there, you know,
where they could go outside for several days, so they
were not happy about that.

Speaker 2 (06:56):
I saw the photos, ladies and gentlemen. Where we live,
the blizzard hit the worst where we lived out.

Speaker 4 (07:05):
Of all, Yeah, I think we.

Speaker 2 (07:08):
Inches insanity. I looked at a photo my mom sent me,
and this the snow almost covered our fence. Incredible.

Speaker 4 (07:18):
I know, I've never seen anything like that.

Speaker 2 (07:21):
That must have been crazy to witness. That was probably
the most surreal photo I've ever seen. So I showed
it to my friends. They couldn't believe it. And I saw,
you know, footage from local businesses that post on their
Instagram and their social media of you know, their parking lots,
and I mean, it took forever for East Main Road
to get paved. It took forever for all these places

(07:43):
in Rhode Island to get paved, or specifically on a
Quinnock Island, and you know, people were working very hard
over time just to focus on the main roads. Here
at Bryant. They did their best. They tried to beat
it a little bit and they did a good job.
But it's hard to walk from class without tripping. The
slush is horrible. People are calling it mashed potato, and

(08:03):
so people are walking on in mashed potatoes to get
to class. And I've slipped multiple times. Haven't fallen, but
I've you know, I've slipped up a little bit, had
to catch myself. Every time I walk, I have to
catch myself. So it's just really bad. So a lot
of it's been nice because you know, classes were kind
of pushed back a little bit, kind of give us
some breathing room. Been able to have a lot of fun.

(08:24):
It's like a super weekend. It's a holiday, but then
on the other end, it's really difficult to get from
point A to point B.

Speaker 4 (08:30):
Yeah, so what else is going on? William?

Speaker 2 (08:33):
So additionally, ladies and gentlemen, Mom and I can't be
together today and so we are doing our segment today. Virtually,
I'm looking at her on a screen right now. She
can't see me. There's something wrong with my camera. So
this is a little bit of an adjustment. Especially with
the blizzard. It's it's basically impossible to get home safely.
You know. I don't want to drive on that in

(08:53):
whatever's left with the snow.

Speaker 4 (08:54):
Agreed.

Speaker 2 (08:56):
There's a student showcase that's coming up pretty soon for entrepreneurs.
I think I'll go to that and present analytical investments,
so I'll be showing my company.

Speaker 4 (09:05):
Oh good, William, that'll be exciting.

Speaker 2 (09:08):
I'm very excited. They also have a mentorship program. I'm
going to sign up for that. I believe there's an
entrepreneur who's coming and you can have a meeting with
him and get to know him and get some advice
as well. So that's something I also look forward to
in the coming weeks. It should be it around March,
so it should be fun. I'm very excited. The Entrepreneurship

(09:29):
Center will certainly kind of get to know me a
little bit better. I'll put my face in there finally.
And the showcase is also a competition, so I'm just
going to go and present and it'll be very interesting.
I'm excited for that.

Speaker 4 (09:41):
Oh I bet I bet? So tell me.

Speaker 2 (09:43):
How do you present? It's nothing like a power point.
It's like you're set up on tables and folks will
come up and judges as well, and you pretty much
just talk about your product and your business and you
go into detail about it. So that's personally what I
I'm looking forward to do because that's my kind of
sort of style. I like to just speak with people candidly,

(10:06):
you know what I mean.

Speaker 4 (10:06):
Oh yeah, that is definitely one of your superpowers.

Speaker 2 (10:10):
I'm very excited. Next semester, I plan on rushing Sigma Kai,
the fraternity here at Bryant University. It is the largest
one here and I like the people. I like the
kind of people they are here. They represent the fraternity
very well. Mom, you were in a sorority yourself? What
sorority were you in?

Speaker 4 (10:27):
I was an eighty pie where I am an eighty
Pie still.

Speaker 2 (10:32):
In a lum Do you have to pay dues?

Speaker 4 (10:34):
Actually I do. I do. When I give referrals for women,
for young women who you know, have graduated from high
school and they're rushing, you know, their first year in college,
I've you know, you have.

Speaker 1 (10:50):
To pay dues.

Speaker 2 (10:51):
Wow, that's incredible.

Speaker 4 (10:53):
Yes, But I had a great experience with eighty Pie.
And I was also the sweetheart of Ka.

Speaker 2 (11:01):
Now that's a high on the rose.

Speaker 4 (11:03):
That's what they called their sweetheart. I was very proud
of that, and I was the Southern Bale prior to
becoming their rose. But they were a great group of guys.
I was honor.

Speaker 2 (11:14):
It's a lot of fraternities and sororities. They work really
hard to keep that image and to make sure that
they have good people behind them. And Sigma Kai here
does that. I like that a lot.

Speaker 4 (11:23):
That's good William.

Speaker 2 (11:25):
It seems like good people. So I'm very excited for all.

Speaker 4 (11:27):
That I know you are. I'm excited for you.

Speaker 2 (11:30):
Thank you.

Speaker 4 (11:31):
So tell did you have you had your economics test
not too long ago.

Speaker 2 (11:36):
I did have that. I thought I did well. I
came in very confidently. I had studied and you know,
I finished the test and a good amount of time,
and I unfortunately didn't do too well scoring. My grade's
still an A in the class, so it didn't hurt
that well, but the class average was fifty four. Oh, William,
I couldn't believe my eyes, and so I didn't feel

(11:59):
as bad. But still, obviously I studied really hard. I
wanted to do very well in the exam, but unfortunately
it was a miss. I'm happy my grade is still
good in the class, but it just was kind of
surprising to see that, and to also see how poorly
other people did as well. He's a great professor, but
I mean, it was our first exam. We weren't used
to it. His grating is a little unique. You know,

(12:20):
if you do like an equation and you give the
answer and you don't leave like equals to like for example,
let's say solving for Q. Let's say I do the
equation and I solve for Q, and I circle the answer.
If I don't write the answer equals Q and not
just the answer, he'll mark it completely incorrect. And that's
not bad. Obviously, he's trying to instill good habits of

(12:40):
like put equals q after the answer, but like, that's
the kind of greater eas I got to look at
the exam, and I need to look at what I
did wrong and what I need to work on so
I can figure it out for the for the midterm,
because I do want to do well in the midterm,
and I am doing well in this class. But I
wanted to be an economics major, and after I took
an economics course and had a lot of thought about it,

(13:01):
I realized that it was not for me. It's not
my cup of tea after experiencing it. So I have
all the respect in the world for ECON majors, but
business and entrepreneurship is the focus I want to be
in and the real world stuff is personally what I
prefer to do. So we'll see. I have class on Friday,
we'll see how it goes.

Speaker 4 (13:17):
Good. Good, at least you've got a good attitude about it.

Speaker 2 (13:21):
Thanks, marm, I appreciate it.

Speaker 4 (13:22):
Do keep us on your dial. We've got a lot
of great content coming your way. Mike do Set and
Greg Workman will break down how the retirement tax trap
can quietly increase taxes through rmds, social Security taxation, medicare premiums,
and the widow's penalty and explain how proactive bracket management

(13:44):
and coordinated planning may help you keep more of what
you've worked so hard to save. Mary, Madeline Kelly, and
Greg Murray. We'll discuss why even the best financial plans
can slip off track and how structure, accountability, and steady
habits can help you reset and stay consistent. As we
head into spring, and when William and I return, we

(14:07):
will talk about how AI telehealth and shifting Medicare rules
are changing the long term care conversation and wine preparation
not panic may help protect your retirement. And of course
we'll close the hour with some wit and wisdom from
the late Bill Kelly. His words continue to inspire and

(14:29):
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. I love you, honey,
I love you too.

Speaker 5 (14:41):
Okay, my friends, let's be honest. Most young people don't
get real financial advice.

Speaker 2 (14:53):
They get high social media.

Speaker 5 (14:55):
Quote unquote experts and a lot of bad advice. Only
The invest Young written by William.

Speaker 2 (15:02):
Kelly Junior from Kelly.

Speaker 5 (15:04):
Financial Services, takes a different approach. It focuses on fundamentals,
avoiding unnecessary debt, understanding risk, faking long term, no get
rich quick schemes, no fantasy economics. The emphasis is on
practical ideas around money, responsibility and discipline. And of course,

(15:26):
like anything involving investing, there's always risk and that includes
the possibility of losing principle. And that's exactly why learning
how to think about money early matters. The book is
designed as an educational resource for those starting out, or
for parents and grandparents looking to begin the conversation.

Speaker 2 (15:45):
To request a.

Speaker 5 (15:45):
Free copy, call eight eight eight eight hundred and eighteen
eighty one or email Kelly at Kelly Financial dot org.

Speaker 6 (15:55):
Welcome back to the show on Mike You said, Chief
operating officer at Kelly Financial, joined as always by Greg Workman,
investment advisor, and today we're continuing our retirement planning series.

Speaker 1 (16:07):
Over the past few weeks, we've talked about retirement.

Speaker 6 (16:09):
Expenses, we've talked about income sources like social Security and pensions,
and last week we discussed why order matters when it
comes to withdrawing your money in retirement. But today we're
going to talk about something that quietly chips away at retirement.

Speaker 1 (16:24):
Plans year after year taxes and Mike.

Speaker 7 (16:27):
This is the part that surprises people. Many retirees assume
that once they stop working, their taxes will automatically go down.

Speaker 2 (16:36):
Right.

Speaker 6 (16:37):
The thinking is, no paycheck, lower income, lower taxes seems logical,
but what we see in real planning conversations is often
very different.

Speaker 7 (16:46):
In fact, some retirees end up paying more taxes in
their seventies and beyond than they did in their early
retirement years, and the frustrating part, a lot of it
could have been reduced with proac planning.

Speaker 6 (17:00):
When someone retires at sixty two, sixty five, even age
sixty seven, there's often this sense of relief.

Speaker 1 (17:07):
They've crossed the finish line.

Speaker 6 (17:09):
They've accumulated the assets, they've done what they were told
to do, max out the four to one K, defer
taxes as long as possible. But retirement isn't just about accumulation.
It's about distribution, and distribution planning is where taxes really
begin to matter.

Speaker 7 (17:24):
Because now income is coming from multiple places social Security pensions, iras,
four to one ks, and maybe rental income from real
estate holdings, and how those pieces stacked together determines the
tax bill.

Speaker 6 (17:40):
Let's walk through a hypothetical client example. Jim is sixty six,
Linda is sixty four. They've just retired. They've done a
fantastic job, saving about one point four million in traditional
pre tax four oh one k and IRA accounts. Jim
has a modest pension, they planned to stot social security
at sixty seven, and they have very little in ROTH accounts.

Speaker 7 (18:00):
They sit down and say, we've always heard the taxes
go down in retirement.

Speaker 2 (18:04):
We should be fine.

Speaker 7 (18:05):
Right on the surface, yes, but when we map out
their next twenty years, we start to see a pattern.
Between ages sixty six and seventy two, their income actually
looks manageable.

Speaker 2 (18:19):
They control how much they withdraw.

Speaker 7 (18:21):
They're not yet subject to required minimum distributions or IRS rmds,
Their taxable income sits in a reasonable bracket.

Speaker 2 (18:30):
Everything feels smooth.

Speaker 6 (18:32):
But at age seventy three, the rules change. The IRS
now requires them to begin taking required minimum distributions from
their pre tax accounts, and for Jim and Linda, that
first RMD could be somewhere around fifty five thousand or more,
depending on growth. Now, let's layer in social security for

(18:53):
both Jim's pension the rm D. Suddenly their taxable income
jumps significantly.

Speaker 7 (18:59):
This is where many retirees are cut off guard. Social
Security isn't automatically tax free. Depending upon total income, up
to eighty five percent of your Social Security benefit can
become taxable.

Speaker 6 (19:14):
So now the RMD increases income, which causes more of
Social Security to be taxed, which increases income even further.

Speaker 1 (19:22):
It's almost like a chain reaction.

Speaker 7 (19:24):
There's another ripple effect most retirees don't see coming. Medicare
premiums are income based, which means if your income crosses
certain thresholds, you can be subject to IRMA or income
related monthly adjustment amount, which increases your Medicare Part B

(19:46):
and Part D premiums.

Speaker 6 (19:48):
So now higher rmds, more Social Security tax, higher Medicare premiums,
and all of it triggered by how retirement accounts a structured.

Speaker 7 (19:57):
Now let's take this hypothetical scenario one one step further.

Speaker 2 (20:01):
If Jim passes away.

Speaker 7 (20:02):
First, now Linda files as a single taxpayer. Household income
might decrease slightly, but tax brackets for single filers are compressed,
so Linda could end up paying taxes at a higher
rate on a similar income level. That's what we call
the widow's penalty. It's one of the most overlooked risks

(20:26):
in retirement planning.

Speaker 6 (20:28):
What's interesting, Greg is many people think the safe strategy
is to leave everything alone.

Speaker 7 (20:33):
But doing nothing is actually a tax strategy. It just
means the IRS controls the timing instead of you.

Speaker 6 (20:41):
If most of your time and savings sit in pre
tax accounts, you've essentially built a partnership with the IRS,
and they'll collect their share when rmds begin. The longer
you wait without a plan, the less flexibility you have.

Speaker 2 (20:54):
Here's the opportunity.

Speaker 7 (20:55):
The years between retirement and age seventy three before our
our mds begin can be some of the most powerful
planning years of your life. Income is often temporarily lower.
During this time period you can control withdrawals. You can
intentionally decide how much taxable income to recognize, but that

(21:17):
window doesn't stay open forever.

Speaker 6 (21:20):
Instead of asking how do we avoid taxes completely, the
better question is how do we control our tax bracket
over time? Because retirement isn't about eliminating taxes, it's about
managing them strategically so they don't surprise you later.

Speaker 7 (21:33):
And for many families, taxes quietly become one of the
largest lifetime expenses, sometimes larger than healthcare or market fluctuations.

Speaker 6 (21:45):
When we come back next week, we'll walk through specific
strategies retirees can use to potentially reduce lifetime taxes. We'll
discuss strategic growth conversions, intentionally filling lower tax brackets, coordinating
social security timing, and other proactive planning techniques, because in retirement,
it's not what you would draw, it's what you keep.

(22:06):
If you'd like a copy of our Safe Money Strategies workbook,
where we outline how income planning and tax planning work together,
give us a call. We're happy to send that out complementary.
We'll be right back after the break.

Speaker 3 (22:20):
Kelly Financial Services eight eight eight hundred eighteen eighty one.

Speaker 4 (22:26):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future, explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen

(22:48):
eighty one or email Kelly at Kellyfinancial dot org We're
Kelly Financial Come retire with us.

Speaker 1 (22:56):
I believe that this nation should commit it so achieving.

Speaker 6 (22:59):
The goal of landing a man on the moon and
returning him safely to the Earth.

Speaker 8 (23:05):
Six five four three two one zero, All engine run?

Speaker 1 (23:13):
What's what's going to follow?

Speaker 3 (23:15):
Level?

Speaker 9 (23:15):
Remember those Apollo Moon missions one of America's greatest adventures
and achievements too. The nation set a goal and then
realized it. What are your goals? At Kelly Financial Services,
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach

(23:36):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kelly Financial dot org. Where do
you want to land?

Speaker 3 (23:48):
We're in Tangalitybaviorland.

Speaker 9 (23:51):
We are Kelly Financial Services. Come retire with.

Speaker 3 (23:55):
Us The Money Wrap with Kelly Financial Advisors, Great K.
Murray and Mary Madeline Kelly.

Speaker 1 (24:03):
Hello, this is Greig Murray, Senior Vice President and Chief
Compliance Officer at Kelly Financial Services. Joining me today is
Mary Madeline Kelly, one of our wealth advisors. How are
you doing today?

Speaker 10 (24:12):
I'm doing great, Greg and Honestly, I can't believe this
is the last weekend of February. Already, it feels like
January dragged on forever and now suddenly we're right on
the edge of spring.

Speaker 11 (24:24):
I don't know about you, but I am definitely.

Speaker 10 (24:26):
Ready for some longer days and a little more sunshine.

Speaker 1 (24:29):
Same here. By this time of year, everyone starts looking
forward to a reset, former weather, more energy, get it
back outside, And interestingly, that same fresh start mindset shows
up financially too.

Speaker 11 (24:39):
Exactly.

Speaker 10 (24:40):
January is when everyone sets financial goals, saving more, investing more,
paying down debt, finally getting organized. But by the end
of February, reality tends to set in, routines take over,
and some of those goals start slipping.

Speaker 1 (24:54):
Which leads perfectly into today's topic, why we make good
financial plans and then sometimes struggle to follow them.

Speaker 10 (25:00):
I think it's important to start by saying this happens
to almost everyone. It's not about lack of intelligence or discipline.
It's human nature.

Speaker 1 (25:07):
Absolutely. Behavioral finance shows us that emotion, habits, and environment
often influence financial decisions more than logic does.

Speaker 10 (25:14):
One of the biggest reasons people fall off track is
that motivation fades in January, everything feels fresh, but financial
progress is usually gradual, not immediate. Without quick feedback, it's
easy to lose momentum. Other factor is how overwhelming finance is.
A financial plan can involve investments, taxes, retirement accounts, insurance, budgeting,
and that's a lot to manage, especially alongside busy lives. Yes,

(25:36):
and when something feels complicated, people sometimes avoid it altogether.
They might stop checking accounts, delay decisions, or just hope
things work out for themselves.

Speaker 1 (25:45):
And ironically, avoidance often causes more stress than the original
issue exactly.

Speaker 10 (25:50):
Another reason planned slip is emotional reactions to market movements.
When markets are strong, people may feel overconfident. When markets dip,
fear can cause people to pull back from a long
term strategy.

Speaker 1 (26:01):
And of course, investing the ball's risk, including the potential
loss of principle. Market ups and downs a normal, but
reacting emotionally instead of strategically can disrupt the good plan.

Speaker 11 (26:10):
Lifestyle changes also play a role.

Speaker 10 (26:13):
Unexpected expenses, career changes, family needs, life happens. Plans sometimes
need a stick, but without review they can quietly fall off.

Speaker 1 (26:21):
Course, and sometimes it's simply a habit. Financial behaviors like
spending patterns or saving routines are deeply ingrained. Changing them
takes time and consistency.

Speaker 11 (26:29):
Which is why automation can help.

Speaker 10 (26:31):
Automatic contributions, automatic savings, scheduled reviews.

Speaker 12 (26:35):
Those reduce reliance on willpower. Loan another key pieces accountability.
People tend to stick with plans more when they have
someone to check in with, whether that's a spouse, advisor,
or trusted professional exactly.

Speaker 10 (26:46):
Having a sounding board helps turn intentions into action.

Speaker 1 (26:49):
So as we head towards spring, us seasoned people often
associated with fresh starts. Whatting listeners do if they're January
financial goals have slipped.

Speaker 10 (26:57):
First, don't beat yourself up. Resetting is normal. Second, simplify
focus on a few key priorities instead of trying to
change everything at once. Third, review your plan, make sure
it still fits your life today.

Speaker 1 (27:10):
And remember consistency usually matters more than perfection.

Speaker 10 (27:13):
Absolutely, small, steady steps add up over time.

Speaker 1 (27:16):
So to summarize for our listeners, we often make good
financial plans, must struggle to follow them because motivation fades,
life gets busy, emotions influence decisions, and habits take time
to change.

Speaker 10 (27:26):
And the solution isn't willpower alone. It's structure, clarity, automation and.

Speaker 1 (27:31):
Support and as always, every financial situation is unique. Investing
involves risks and plans should be tailored to individual goals
and circumstances.

Speaker 10 (27:38):
But with the right structure, people can absolutely stay on
track and feel more confident along the way.

Speaker 1 (27:43):
That's going to wrap things up for today. If you
made financial goals this year and what helps saying on track,
give us a call. We'd be happy to talk you
through your situation.

Speaker 11 (27:51):
Absolutely, have a great weekend. Greg.

Speaker 3 (27:53):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team, call
at eight hundred eighteen eighty one people.

Speaker 9 (28:07):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What Would Bill Say? The Wit and Wisdom
of the late Bill Kelly. Today will address fact from fiction.

Speaker 8 (28:18):
You can always make money if you haven't if you
lose it all, it's very difficult to do that. So
you have to have a plan. If the market goes
up quite a bit or down quite a bit, you
have to be ready and how do you sort fact
from fiction?

Speaker 9 (28:31):
Download Kelly Financial's Consumer Guide simply called the Value of
an objective opinion? With so much at steak with your
retirement future. You don't just want any financial advice, but
objective financial advice, and as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot Org

(28:54):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 2 (28:58):
Ladies and gentlemen, fact from fiction.

Speaker 9 (29:01):
We are Kelly Financial Services. Come retire with.

Speaker 3 (29:04):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight eight eight hundred, eighteen
eighty one Taking Care.

Speaker 4 (29:21):
Welcome back to Safe Money Strategies. I'm Kelly Kelly here
with my son William Kelly Junior. Good morning William. Today
we're talking about something that affects almost every family listening,
long term care, but we're looking at it through a
new lens.

Speaker 2 (29:41):
Artificial intelligence exactly.

Speaker 4 (29:43):
AI is transforming healthcare, especially long term care and aging
in place. But here's the key. Technology only works if
families are financially prepared to access it.

Speaker 2 (29:57):
That's the part people don't always think about. To here innovation,
they don't think about cost.

Speaker 4 (30:01):
Let's start with the reality. Roughly seven and ten Americans
over age sixty five are expected to need some form
of long term care.

Speaker 2 (30:12):
That's not a small number, not at all.

Speaker 4 (30:14):
And the median private nursing home cost was over one
hundred and five thousand dollars per year just a few
years ago and is projected significantly higher now.

Speaker 2 (30:27):
And technology doesn't eliminate those costs.

Speaker 4 (30:30):
No, it may improve quality of care, it may extend independence,
but smart home monitoring, telehealth devices, medication systems, they all
require funding.

Speaker 2 (30:44):
So independence isn't just about health.

Speaker 4 (30:46):
It's about financial strength.

Speaker 2 (30:48):
And financial fitness determines whether families can choose enhanced care options,
who are forced into reactive decisions.

Speaker 4 (30:54):
And many of today's new tools come with both opportunity
and cost. And one of the biggest opportunities people talk
about today is aging in place.

Speaker 2 (31:06):
Aging in place is what most people say they.

Speaker 4 (31:07):
Want, staying at home, maintaining independence.

Speaker 2 (31:12):
And now we have wearables, faull detection systems, in home sensors.

Speaker 4 (31:16):
Smart medication dispensers that reduce errors and hospital visits.

Speaker 2 (31:22):
But here's the real question. Who pays.

Speaker 4 (31:24):
Most of these technologies are private pay. Medicare generally does
not cover home monitoring systems.

Speaker 2 (31:31):
So if you don't have reserves or a long term
strategy in place.

Speaker 4 (31:34):
You may not be able to install or maintain those systems.
Prevention is powerful, but it still requires preparation.

Speaker 2 (31:43):
That's something we talk about often. Investing in preventative tools
versus paying for crisis care.

Speaker 4 (31:48):
Lead planning creates flexibility, and AI goes beyond monitoring. It
can actually predict risk.

Speaker 2 (31:56):
This is fascinating. AI can analyze health data to detect
fall risk, infection patterns, even cognitive changes.

Speaker 4 (32:03):
Which means earlier intervention and.

Speaker 2 (32:06):
Potentially fewer hospital readmissions.

Speaker 4 (32:08):
Avoiding just one extended hospitalization can mean tens of thousands
of dollars saved.

Speaker 2 (32:15):
That's not theoretical, that's real money and it's real stress.
So the best financial strategy avoiding preventable surprises, which is
what safe money planning is built around protecting retirement income
from financial shocks.

Speaker 4 (32:29):
We can't prevent every help event, but we can reduce
the financial impact when possible, and caregivers often fill those
surprises the most.

Speaker 2 (32:39):
Long term care doesn't just affect one person, it affects
the entire family.

Speaker 4 (32:43):
About sixty two percent of caregivers report lost income due
to caregiving responsibilities.

Speaker 2 (32:51):
That's significant lost wages, reduced retirement contributions, career disruption.

Speaker 4 (32:56):
AI coordination tools can reduce scheduling and documentation burdens.

Speaker 2 (33:03):
Yes, they can help, but families without financial buffers often
experience greater strength.

Speaker 4 (33:07):
And in some families, adult children feel pressure to use
their own retirement savings to help.

Speaker 2 (33:14):
That creates long term ripple effects.

Speaker 4 (33:16):
Which is why we encourage proactive long term care conversations
before a crisis hits. And beyond safety and stress, dignity
matters too, because long term care isn't just physical, is emotional, and.

Speaker 2 (33:31):
That's where tools like aipowered companions and virtual reality engagement
programs come in.

Speaker 4 (33:36):
Voice assistants that allow seniors to control their home environment independently.

Speaker 2 (33:42):
That supports emotional wellness and cognitive engagement.

Speaker 4 (33:45):
And preserves autonomy.

Speaker 2 (33:48):
Assistant living facilities and home care providers are beginning to
integrate more of these technologies.

Speaker 4 (33:52):
But higher quality facilities with enhanced technology may come with
higher monthly fees.

Speaker 2 (33:59):
Without play, families may have to make decisions under pressure.

Speaker 4 (34:02):
With planning, they have options. So where does medicare fit
into all of this?

Speaker 2 (34:08):
Many people assume Medicare covers long term care.

Speaker 4 (34:11):
Medicare may cover up to one hundred days of skilled
nursing under very specific conditions, but it does not cover
custodial long term care, and home safety technology and monitoring
systems are generally not covered.

Speaker 2 (34:26):
Many families are surprised to learn what Medicare does and
does not cover.

Speaker 4 (34:30):
Which is why education matters. At Kelly Financial, we offer
a complementary investor guide titled You are looking forward to
retirement But what if you need long term Care?

Speaker 2 (34:43):
It walks through costs, coverage realities, and funding strategies.

Speaker 4 (34:46):
Because technology can extend independence.

Speaker 2 (34:50):
But planning is designed to help you prepare for your retirement.

Speaker 4 (34:53):
When we return, we'll examine telehealth, Medicare policy changes and
what financial readiness really looks like in an AI driven
healthcare world, and.

Speaker 2 (35:05):
We'll talk about how families can prepare wisely before decisions
are forced on them.

Speaker 4 (35:09):
Stay with us, we'll be right back after these messages.

Speaker 3 (35:15):
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 (35:26):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty two years of experience. Our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation called eight eight eight eight hundred eighteen

(35:48):
eighty one or email Kelly at Kelly Financial dot org.
We're Kelly Financial. Come retire with.

Speaker 3 (35:54):
Us Safe Money Strategies with William Kelly and Kelly Kelly
the team on a eight eight hundreds eighteen eighty one.

Speaker 4 (36:10):
Welcome back to Save Money Strategies. I'm Kelly Kelly here
with my son, William Kelly Junior.

Speaker 2 (36:16):
And in the first part of the show, we talked
about how AI is transforming long term care from smart
homes to predictive health monitoring.

Speaker 4 (36:23):
But technology is only part of the story. Now we
want to talk about telehealth, medicare changes and what financial
readiness really looks like in this evolving health care environment.

Speaker 2 (36:37):
Telehealth expanded dramatically during the pandemic it did.

Speaker 4 (36:41):
And many retirees may rely on virtual visits for primary
care specialists and follow ups after hospital stays.

Speaker 2 (36:50):
It's convenient, it can reduce transportation needs and in some
cases even reduce emergency visits.

Speaker 4 (36:55):
But Medicare telehealth policies continue to evolve. Retirees can't assume
coverage will always remain the same.

Speaker 2 (37:04):
And beyond coverage, there's access.

Speaker 4 (37:07):
Broadband devices, updated technology. Those require investment.

Speaker 2 (37:13):
Convenience still requires resources exactly.

Speaker 4 (37:16):
Financial preparation helps ensure that if policy shift, families can
still maintain access to care, and AI is powering many
of those.

Speaker 2 (37:27):
Digital visits, wearables, nutrac blood pressure, oxygen levels, and heart rate.

Speaker 4 (37:32):
Smart medication systems can help reduce costly errors.

Speaker 2 (37:36):
Predictive analytics may flag issues before they become hospitalizations.

Speaker 4 (37:40):
And preventing even one major health event can help preserve
retirement savings.

Speaker 2 (37:46):
Healthy habits and healthy finances really do go hand at hand.

Speaker 4 (37:49):
That's why we emphasize protecting retirement income from unexpected healthcare shocks.
But AI is not flawless.

Speaker 2 (37:57):
There have already been discussions about whether AI too always
provide complete Medicare or long term care guidance.

Speaker 4 (38:03):
AI can be helpful, but it should supplement, not replace,
professional financial advice.

Speaker 2 (38:10):
Medicare rules and long term care funding decisions are complex, and.

Speaker 4 (38:14):
Privacy matters when financial and healthcare data are involved. Cybersecurity
is critical.

Speaker 2 (38:21):
Use AI as a tool not as your financial advisor.

Speaker 4 (38:24):
Informed coordinated decision making is essential when retirement income is
at stake. Facility care is evolving as well.

Speaker 2 (38:34):
Assisted living communities and nursing homes are integrating AI into scheduling, safety, monitoring,
and compliance systems.

Speaker 4 (38:40):
Technology Enhanced memory care units are.

Speaker 2 (38:43):
Expanding, but with more advanced technology often comes higher operational costs.

Speaker 4 (38:48):
Which may translate into higher monthly fees.

Speaker 2 (38:51):
As care becomes more advanced, it may require additional planning
and preparation.

Speaker 4 (38:56):
Some families explore long term care insurance. Others consider hybrid strategies,
some plan to self fund.

Speaker 2 (39:06):
Each option carries trade offs.

Speaker 4 (39:07):
That's why we help families think through which funding approach
makes sense for their retirement picture. So how do families
prepare wisely?

Speaker 2 (39:17):
Home monitoring makes don independence, but it doesn't always eliminate
the need for care.

Speaker 4 (39:21):
Leader assisted living, adult daycare, and nursing home care remain
common realities for many families.

Speaker 2 (39:30):
Understanding activities of daily living and cognitive changes helps families
anticipate when care may be needed.

Speaker 4 (39:36):
Preparation creates options.

Speaker 13 (39:38):
Technology may by time, but preparation by security, and that's
where guidance makes the difference. AI is changing how care
is delivered, but it is not eliminating cost. Medicare limitations remain,
and families still need a thoughtful strategy. At Kelly Financial,
our advisors help families think through long term care planning

(39:59):
before hits.

Speaker 4 (40:00):
We offer a complimentary investor guide titled are you looking
forward to retirement? But what if you need long term care?

Speaker 2 (40:09):
It explains costs, coverage, realities, and planning options in clear,
straightforward language.

Speaker 4 (40:14):
Because strong planning aims to position technology as a support
to your life, not a strain on your savings.

Speaker 2 (40:23):
If you'd like clarity about long term care in today's
evolving landscape, visit Kelly Financial dot org or call our
office to request your complimentary guide. Thank you for spending
part of your weekend with us. We truly appreciate it
and we'll see you next Saturday morning.

Speaker 4 (40:36):
Stay tuned. We have more informative content coming your way
right here on WRKO Safe Money Strategies brought to you
by Kelly Financial Services.

Speaker 3 (40:50):
Call eight eight eight eight hundred eighteen eighty one or
visit Kelly Financial dot org.

Speaker 6 (40:56):
Welcome back, I'm like you, said, Chief operating officer here
with Greg Workman, investment advisor before the break, we talked
about what we call the retirement tax trap. How required
minimum distributions, social Security taxation, Medicare, premium adjustments, and even
the widow's penalty can quietly increase taxes later in retirement.
Now let's talk about solutions, because this isn't about scaring anyone.

(41:19):
It's about planning exactly.

Speaker 7 (41:22):
The good news is retirees often have more control than
they realize, especially in those early retirement years before required
minimum distributions or rmds begin.

Speaker 6 (41:33):
We mentioned earlier that the years between retirement and age
seventy three can be incredibly powerful. Why because income is
often temporarily lower.

Speaker 7 (41:42):
You may not be taking Social Security yet rmds have
not started.

Speaker 2 (41:48):
You control how.

Speaker 7 (41:49):
Much you would draw from your accounts, and that creates
an opportunity to intentionally manage your tax bracket. Instead of
deferring taxes indefinitely, sometimes it makes sense to pay some
taxes on your.

Speaker 2 (42:01):
Terms, not the irs.

Speaker 6 (42:03):
Let's revisit our hypothetical couple Jim and Linda. After seeing
what their future rmds could look like, we ask what
if we smoothed this out rather than waiting until age
seventy three and being forced into larger distributions. What if
they gradually shifted some of their pre tax money into
a ROTH account during their sixties. That's called a roth conversion.

(42:23):
You're voluntarily moving money from a traditional IRA to a
ROTH IRA and pay the tax now at a controlled rate,
instead of later when rmds may push you higher.

Speaker 7 (42:34):
And the keyword there is controlled. We're not converting everything
at once. We are strategically filling up a tax bracket,
maybe the twelve or twenty two percent bracket, without spilling
into the next one.

Speaker 1 (42:48):
Think of tax brackets like buckets.

Speaker 6 (42:51):
If the twelve percent bracket has room, why let it
go unused. If you know that future rmds could push
you into the twenty four percent bracket, it may make
sense to intentionally recognize income today at twelve percent or
twenty two percent.

Speaker 1 (43:05):
That's bracket management.

Speaker 6 (43:06):
It's not about avoiding taxes, it's about leveling them out
over time.

Speaker 7 (43:10):
Social Security timing isn't just about maximizing the monthly benefit.
It also affects your tax picture. For some retirees, delaying
social Security allows them to use the early retirement years
to perform rough conversions at lower income levels. For others,

(43:30):
starting benefits earlier might make sense depending upon health, longevity expectations,
or spousal coordination.

Speaker 6 (43:38):
The key is that social security decisions should not be
made in isolation. They should be coordinated with investment withdrawals,
pension elections, and tax strategy.

Speaker 7 (43:47):
For clients who are charitably inclined, there is another powerful tool.
Once ourmds begin qualified charitable distributions after age seventy and
a half, you can direct money from your IRA straight
into a qualified charity. That distribution counts towards your R
and D, but does not increase your taxable income.

Speaker 6 (44:10):
That can reduce taxable income, potentially reduce Medicaid premium searcharges,
and prevent more social security from being taxable. It's a
strategic way to give and reduce tax impact at the
same time.

Speaker 7 (44:22):
One of the most overlooked principles in retirement planning is
tax diversification. We diversify investments like stocks, bonds, and real assets,
but we also want diversification across tax buckets pre tax accounts,
ROTH accounts, and taxable brokerage accounts. If all your money

(44:43):
is in one tax category, you end up with limited flexibility.
When you have multiple buckets, you can decide where income
comes from each and every year, helping you manage your
tax brackets more precisely.

Speaker 6 (44:58):
Let's go back to our early discussion about the widow's penalty.
If Jim and Linda proactively reduce pre tax balances through
gradual Wroth conversions, they may not only reduce their joint
lifetime tax bill, they may also reduce the tax burden
on the surviving spouse. That's planning beyond today, that's planning
for the full arc of retirement.

Speaker 2 (45:17):
Mike.

Speaker 7 (45:18):
One of the biggest mistakes we see is when retirement
decisions are made in silos. An investment advisor focuses only
on returns, a tax prepared looks backward at last year.
A social security decision is made independently, but retirement income
planning requires coordination.

Speaker 6 (45:37):
Exactly because every decision affects the other. Withdraw too much,
taxes increase, withdraw too little. RMD's balloon later, stop social
security too early or too late without tax awareness unintended consequences.
This is why we emphasize written, proactive planning.

Speaker 7 (45:53):
Remember, taxes are not necessarily higher because rates changed. They're
often higher because distributions weren't mapped out ahead of time.
Retirement is not the end of planning. In many ways,
it's when planning matters most, and the goal isn't perfection,
its awareness and intentional decisions.

Speaker 6 (46:13):
Over the last four weeks, we've walked through understanding retirement expenses,
mapping out income sources, why withdraw order matters, and now
how to potentially control your tax exposure. All of these
pieces work together. Income planning without tax planning is incomplete.
In tax planning without an income strategy is reactive.

Speaker 7 (46:33):
If you would like to see how these strategies might
apply to your situation, we'd love to help out. Our
Safe Money Strategies workbook walks you through the process of
building a coordinated retirement, income and tax strategy.

Speaker 2 (46:47):
It's complementary and there's no obligation.

Speaker 6 (46:50):
Give our office a call, request your copy, and we'll
walk you through the steps to determine whether you are
positioned efficiently or whether there may be opportunities to improve
your long term outcome.

Speaker 7 (47:00):
Because at the end of the day, retirement isn't just
about how much you've saved, it's about how much you
keep with that.

Speaker 2 (47:06):
I'm Greg Workman.

Speaker 1 (47:07):
And I'm Mike.

Speaker 2 (47:07):
You said, we'll see you next week. I'm William Kelly Junior.
As we start a new year, many families are thinking
about fresh starts, not just financially, but how young people
prepare for what comes next. I've had the unique experience
of growing up around real conversations with our clients, families,
parents and grandparents about money, responsibility, and long term thinking.

(47:32):
Not theory, real life, and it's important to remember that
all investing involves risk, including the potential loss of principle,
which is why habits, education, and perspective matter so much
from the start. That's why I wrote Only the Good
Investor on as a straightforward guide to the basics of money,
habits and decisions that matter over time, whether you're a client,
a parent or grandparent, or someone just starting out. This

(47:54):
is meant to be practical, clear, and encouraging. For offering
complimentary signed copies to our WRK listeners and clients. It's
also available on Amazon and softcover or Kindle. Call eight
at eight eight hundred and one or email Kelly at
Kelly Financial dot org. Good Habits Starter Early Andy last
a lifetime.

Speaker 5 (48:14):
Joining us now as she always does.

Speaker 2 (48:17):
At this time.

Speaker 5 (48:19):
She is the co founder, CEO, and president of Kelly
Financial services, and yes, that is her wonderful.

Speaker 2 (48:28):
Name, Kelly, Kelly, Kelly, how.

Speaker 4 (48:33):
Are you good morning, Jeff?

Speaker 11 (48:36):
I am good.

Speaker 4 (48:37):
Retirement income today is layered traditional iras, four AH one
k's wrath accounts, brokerage accounts, and each one is taxed
a little differently. What many people don't realize is that
even a single withdrawal can influence your tax bracket. Your
Medicare premiums are how other income is treated, and when

(49:02):
those moving parts are not coordinated, that's when hesitation sets in.
Not because people don't have resources, but because they don't
want unexpected tax surprises. Confidence in retirement often comes from
understanding how those income sources are designed to work together
under today's rules. Although we are not tax advisors and

(49:26):
we do recommend speaking with a tax professional, a thoughtful
distribution strategy can help you stay more intentional about what
you keep, not just what you withdraw. If you'd like
to take a closer look at how your income is structured,
give us a call or send us an email at
Kelly at Kellyfinancial dot org. Jeff, have a wonderful weekend,

(49:50):
My best of grace, SENDI kiddo's.

Speaker 5 (49:53):
Thank you Kelly, all the best to you and everyone
at Kelly Financial. If you want to get in touch
with them, the number to call well eight eighty eight
hundred eighteen eighty one eight eighty eight eight hundred eighteen
eighty one, or you can actually email Kelly yourself personally
Kelly Kellyfinancial dot org. That's Kelly Kelly Financial dot org.

Speaker 3 (50:23):
Safe Money Strategies A eight eight hundred one eight eight one.

Speaker 4 (50:34):
This next reflection from Bill is one of those that
makes you pause for a moment. He talks about this
simple amazement of being in the middle of your own
life and how real change begins from recognizing a need
to building a plan that helps you feel more calm

(50:54):
in uncertain times. Here's Bill Kelly.

Speaker 8 (51:01):
I wonder what the beauty is in just being amazed
from your entire time you're doing something that you're actually
doing it. I mean, that's the way I feel about
doing this show. The way it plays out in my
life is amazing. The people I meet because of this show,
the things that happen in my life and the things
I'm able to do, and the acceptance of the audience.

(51:23):
It's incredible. People encourage me to be different, which doesn't
take much as you know, ladies and gentlemen. But people
encourage me to be different and to speak my mind,
and people love the fact that we're able to speak
down to earth about different decisions that you need to
make in your life, and we hope that that rings

(51:43):
true to you. You could be driving in your automobile
right now, looking out the windshield, noticing what's on the
road in front of you, behind you, looking in the
rear of your mirror. You're listening to these words. You
could be cleaning your garage. You could be getting an
addict ready to be turned into a bedroom. You could

(52:05):
be getting your garden ready, fixing up an old automobile,
getting an old Jaguar restoring it. You could be doing
these things while you're listening, and there are sounds and
smells and sights around you. But you decide, I'm going
to put this radio program on. I'm going to listen
to what this man says, and I'm going to see

(52:27):
if there's anything that I have in common with what
these thoughts are in the mind of Bill Kelly. So
that's what people think when they tune in. Maybe we'll
show you a little bit about retirement. So as you're
listening to the show. As you're thinking about these words,
you might say, what's the next step. What is the

(52:48):
process of changing things? How difficult might it be? Is
there a different way? And how will it benefit me
and with me? That's the new direction that's called change.
The first part of change actually is not knowing that
you need to make a change, and the second step
is realization that you might need to make a change.

(53:11):
And the third part might be some sort of acting
toward making that change. And when you start to take action,
you're already well on your way to making a positive change.
So you've contemplated it, you've decided to then you've acted.
Then the fourth part of change is actually making the change,

(53:35):
doing something differently with the probability that it will increase
your success at whatever you're doing. So there you have it.
And then finally there is the review of what has
changed and how it has hopefully improved what you want
to do. That's the process of change, and it starts

(53:57):
with hearing some words on the radio. We're able to
tell you some things about life, but I think we're
also able to let you know that there are different
things that can happen. And as you listen, it might
create some sense in you that there could be another way,
and just knowing that generally helps. If I know for

(54:18):
sure there's a way to do something, then that gives
me the confidence to know that well it can be done.
Hitting sixty home runs was something that was unheard of.
Babe Ruth used to hit the same amount of home
runs as entire baseball teams. It just wasn't something that
was thought about. And later on, when his records were

(54:39):
eclipsed by Roger Maris and Hank Aaron, then it became
routine to have forty to fifty and sixty home run years.
It was a big deal when some baseball player hit
forty home runs and stole forty bases, and they were
talking to Mickey Mantle about that when someone did it,
and Mantel said, if I I knew it was going

(55:00):
to be a big deal, I would have done it
every other year. So having a mark to hit is great.
Highs and lows of the market, though it's very difficult
to live with those when we see the constant change.
It's just so volatile right now. So if you have
a plan that excludes a lot of your money from
that volatility, that high beta and that uncertainty out there,

(55:23):
you'll definitely feel better about what you're doing. Some people, though,
they want that risk. That's probably not something that we're
specialized in because, frankly, how do we know what banks
right now are sound and not sound? The only thing
we can do is react to the news, So we
don't know these things ahead of time. But if we
make a plan for the worst and it meets our goals,

(55:46):
then when we get the best, we're going to have
double of what we need and be very happy about it.
And we'll find out what's important to us and we
focus upon that and then we live a little bit
more calm life, especially with the investment environment as it
is right now.

Speaker 2 (56:07):
Juli know this roll never and this roll never.

Speaker 3 (56:16):
And we're called Kelly Financial Services eight eight eight eight
hundred eighteen eighty one.

Speaker 4 (56:26):
I'm Kelly Kelly from Kelly Financial. Whether you're in your sixties,
seventies or eighties, financial advice is important when it comes
to preserving your nest egg. We have a free investor
guide called designing your Fiscal House to Weather the Elements,
which highlights the steps needed to build a balance portfolio.
For the guide, call eight eight eight eight hundred eighteen

(56:48):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with.

Speaker 3 (56:55):
Us Safe money strategies with William Kelly and Kelly Kelly.
Go to Kelly Financial dot org