Kelly Financial: Saturday, February 8, 2025

Episode Transcript

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

Speaker 2 (00:20):
Good morning, Dear Boston. I'm John Budras and Kelly Financial.
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six point eighty on the AM dial
and online from just about anywhere in the world if
you have an Internet connection and anywhere in the world

(00:40):
is a topic we are going to be touching on
later in the show. It's going to be one of
my favorite topics because I'm kind of living it already,
and that is retiring and living out of the country
in my golden years and though where I am it's
like my frigid years. As many of you know, I
spend luck of time in the north in Canada, and

(01:03):
it's not the greatest place financially to retire, but because
I'm near the border, I can make up for that.
And we're going to be talking about some of the
nuts and bolts of leaving the country when you retire
later in the show when Kelly Kelly joins me, So
stay put, grab that nice big cup of coffee and
join me on the other side of this break, because

(01:24):
we will be right back.

Speaker 3 (01:30):
Safe Money Strategies with John Budris and Kelly Kelly called
Kelly Financial on eight eight eight hundred eighteen eighty one.
We'll go to Kelly Financial dot org.

Speaker 4 (01:43):
I'm Kelly Kelly from Kelly Financial. Considering retiring to another
country can be exciting, but it requires careful planning, as
the idea can raise many financial questions. Will your savings
last as long as you do? Will your retirement income
be taxed over all? Will you have access to quality,
affordable healthcare? How will exchange rates affect your income? My

(02:06):
complimentary book, Retire Your Fear, Plan Your Future answers these
questions and more and will help you get on the
right financial path to start your next journey. You can
also sit down with one of our Kelly Advisors, who
know the ins and outs of retirement planning, ensuring your
money works for you. Wherever you might go. For my

(02:27):
book 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. Where Kelly Financial. Come
Retire with.

Speaker 3 (02:40):
Us Save Money Strategies Call eight eight eight eight hundred
eighteen eighty one or visit Kellyfinancial dot org.

Speaker 5 (02:52):
Come Retire with Us.

Speaker 4 (02:57):
Good morning, dear friends and dearly lists. I'm Kelly Kelly,
and welcome to our show. On this fine Saturday morning.
I am chatting with my handsome son, William Kelly Junior,
as we do every Saturday morning. Good morning William.

Speaker 6 (03:17):
Good morning Mom. How are you. I'm doing great?

Speaker 4 (03:19):
How about yourself?

Speaker 6 (03:20):
I'm well. Thank you for asking.

Speaker 4 (03:22):
I think we need to enlighten our listeners what's going on.
We're typically in our radio studio.

Speaker 6 (03:29):
Today we're separate. Today.

Speaker 7 (03:30):
I'm in France, So for those of you who do know,
I'm traveling and I'll be gone for quite some time,
and I'm actually heading to Geneva, Switzerland, and currently I'm
in my layover in France.

Speaker 6 (03:44):
I've been looking forward to this for a very long time.

Speaker 7 (03:47):
This has been a lot of planning, but funny enough,
whenever I get there, I'm gonna be meeting up with
a very good friend of ours. And there really aren't
any plans. We're gonna wing the entire thing. Granted, there
are things that we are going to go to, and
there are a few things that we do actually have planned,
but pretty much the whole thing is going to be wind.

Speaker 4 (04:06):
This is the first time I have recorded as I drive.
So you're in Paris in the airport waiting for your
connecting flight, and I am on twenty four driving. So
I'm excited for you.

Speaker 6 (04:20):
William.

Speaker 4 (04:21):
You will be in Switzerland for a few days and
then you and Carson will be heading to Barcelona. Yes, ma'am,
you are a small child. When we visited Barcelona, you and.

Speaker 7 (04:33):
I, we really had a lot of fun in Barcelona.
There was a lot to do. There was a lot
to see. Actually, in the center, in the heart of
the city of Barcelona.

Speaker 6 (04:43):
You can go to local markets.

Speaker 7 (04:46):
They have these like little food markets and you can
sit in a stool and watch the chef's fry fish right.

Speaker 6 (04:51):
In front of you.

Speaker 7 (04:52):
You can watch your food being completely prepared, and then
after that you can go have a beer.

Speaker 6 (04:58):
You can go see the Cigaratia Familia.

Speaker 7 (05:01):
Everything on that chapel is handcarved. It is a beautiful site.
I think I need to go see it again.

Speaker 4 (05:09):
And I'm sure you'll get a coin.

Speaker 6 (05:10):
You can do that every time those little machines. You
always have to get a coin. Yes, you can never
not get a coin.

Speaker 7 (05:16):
No, I suppose In Geneva there's a lot to see
and do over there, as well. The funny thing about
Switzerland is I really have no idea what's going to happen.

Speaker 4 (05:25):
I was in Lucerne when I was eighteen going on nineteen.

Speaker 7 (05:30):
The climate in Lucerne and Geneva, or just in Switzerland
in general, it's very temperate.

Speaker 6 (05:36):
It's not like Sweden. When the winter happens, the winter happens.

Speaker 7 (05:42):
If you've ever been in a Volvo, especially in Old Valvo,
those machines are meant to withstand the winter and beyond.
It is a very tough machine, and you need a
tough machine to last a long time and to withstand
winters and alpo that I have is a two thousand

(06:02):
and seven cross country seventy, recommended by none other than
John Boudris, who also happens to drive a two thousand
and seven cross.

Speaker 4 (06:09):
Country seventy, same color, same color, guys look like twins exactly.

Speaker 6 (06:14):
Overall, those are amazing vehicles.

Speaker 7 (06:17):
So in the political world, Donald Trump has been signing
more executive orders. Donald Trump kind of hinted at Some
news sources are saying he vowed.

Speaker 6 (06:27):
Others are saying he hinted at it.

Speaker 7 (06:29):
Other people say it's not possible. But the chance that
will lose.

Speaker 6 (06:32):
The income tax. That's a pretty big deal.

Speaker 7 (06:35):
That is probably one of the most important things that
could happen in this century is losing the income tax.
And it's very unfair how much they take. And on
top of that, the government did not work for your money,
So the money that you worked for you'll end up
paying taxes on because you buy something, right, whenever you

(06:58):
buy a house, you pay tax on that.

Speaker 6 (07:00):
Whenever you own property, you pay property tax.

Speaker 7 (07:03):
You are paying taxes on literally everything, even on things
you already own, you already paid taxes on them.

Speaker 6 (07:09):
And then your income on top of that is taxed.
So whatever can be taxed is taxed.

Speaker 7 (07:16):
If the government really wants more money from us, it
makes less sense to take more from what we work
for and if they want people to actually respect the government,
and frankly, the government shouldn't have more power than the people.
Everybody knows that they should not be taxing everything. But
obviously that's not how the government works, especially in recent
years when more corrupt people and career people come in.

(07:39):
More tax money allows for more things to go long
and for more things to go under the rug. Since
there's so much of it, you allow surpluses for crazy things,
and the Department of Government Efficiency is really taking care
of that. This is the first administration to really focus
on peace, to focus on America.

Speaker 6 (07:58):
First, focus on reducing.

Speaker 7 (08:01):
Taxes to get rid of bad spending on things that
are completely unnecessary and that are a waste of our money.

Speaker 6 (08:09):
That's pretty awesome. There's actually some hope here.

Speaker 7 (08:13):
So I don't know if all the confirmation hearings are
over for Trump's cabinet, but he's got about two years,
and in these two years it will be majority Republican
for both Congress and the Senate, and obviously the Supreme
Court is currently in the republicans favor.

Speaker 6 (08:33):
The only issue are tariffs.

Speaker 7 (08:36):
Tariffs potentially could raise the cost of living temporarily, and
I don't know how far people's opinions might get stretched
and think, oh my gosh, Trump is awful.

Speaker 6 (08:46):
He did the exact opposite of what he was saying.

Speaker 7 (08:48):
Whenever, in the long term it will help, or if
countries that are necessarily not our friends and then are
our enemies, if they will try to combat it to
make it as horrible as possible. Welst Trump stays out
of office or his administration like jad stays out of office.
The media is going to try to make Trump look
really bad, but we've already kind of covered that, and
I think most people.

Speaker 6 (09:09):
Don't trust me instream media anyway. And we'll see how
these tariffs work out. I hope they're successful. I have
a feeling that they will be, but you never know.
So it was great talking to you. Mom.

Speaker 4 (09:19):
Same here, William. I want to wish everyone a wonderful
rest of the weekend, and do keep us on your dial.
Mike dust and Greg Workman are going to talk about
five financial risks many people face during retirement, but more importantly,
they will also discuss the ideal way to manage these

(09:42):
risks that can undermine retirement confidence. Mary, Madeline Kelly and
Greg Murray. We'll be talking about the repeal of the
windfall elimination provision. I will be back with John Boudris
and we will have a chat about retirement around the
world world the best countries where you can comfortably retire.

(10:05):
We will also focus on planning for retirement abroad with
your financial advisor, and as always, some width and wisdom
from Bill Kelly. William, thank you for chatting with me
this morning. Stay safe, enjoy your travels.

Speaker 6 (10:20):
I love you, honey, Love you.

Speaker 3 (10:29):
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 6 (10:41):
Come retire with us.

Speaker 8 (10:43):
Let me tell you about Kelly Financial Services. It's twenty
twenty five and it's time to get serious about your
retirement goals. You've put in the years, You've worked hard,
and now it's all about ensuring your money works just
as hard for you. Retirement is an what it used
to be. Between inflation, taxes and healthcare costs, you need

(11:04):
a real income strategy. The advisors at Kelly Financial can
help create a plan to protect your savings and.

Speaker 5 (11:11):
Generate a steady income.

Speaker 8 (11:13):
They also have a free investor guide it's called your
Retirement Income Planning Checklist, which might just help retirees address
any challenges they may face in creating their retirement income
they need for their desired lifestyle. So for a free
copy of the guide or to set up a free
retirement consultation, call eight eight eight eight hundred eighteen eighty

(11:35):
one eight eight eight eight hundred eighteen eighty one or email.

Speaker 5 (11:39):
Kelly at Kellyfinancial dot Org.

Speaker 3 (11:43):
Safe Money Strategies Call eight eight eight eight hundred eighteen
eighty one.

Speaker 1 (11:49):
Good morning, and welcome to the show. You are listening
to Safe Money Strategies and my name is Mike. You
said in today's show, we are going to talk about
five financial risks many people will face during retirement. Importantly,
we will also discuss the ideal way to manage these
and many other risks that can undermine retirement confidence. Many
people are already familiar with two of these risks, the

(12:09):
risk of outliving your money and the risk of investment
losses due to a financial crash. And there are three
other risks we will discuss today that have more recently
come to greater attention due primarily to government spending and
the massive amount of debt that our country has accumulated.
But beyond just identify the risks, the real power of
what we will discuss today is that I will tell

(12:29):
you about a simple strategy that can help anyone better
manage these and just about any financial risk.

Speaker 5 (12:35):
Good morning.

Speaker 9 (12:36):
My name is Greg Workman, financial advisor at Kelly Financial Services.
As you listen today, ask yourself if you have a
comprehensive retirement plan that includes providing the income you will
need while addressing the financial risks we all face. If
your answer is no, then why not call our office
today and schedule your complementary consultation. Come in and sit

(13:00):
down with our team at Kelly Financial and allow us
to review your situation and provide a complementary income analysis.
Call us today at eight eight eight eight hundred eighteen
eighty one. Again that number is triple eight eight hundred
eighteen eighty one. You can also visit us on the
internet at Kelly Financial dot org.

Speaker 1 (13:22):
At Kelly Financial, we focus our financial advisory efforts on
retirement planning only. Our job is to help our clients
manage risk so they can spend less time worrying and
more time enjoying their retirement, and we would like to
help you develop a strategy that will help ensure that
you can succeed in your version of retirement.

Speaker 9 (13:38):
Today's retirees face numerous financial risks that can threaten their
hard earned savings and future confidence. These risks include the
possibility of outliving their money, suffering investment losses, dealing with inflation,
facing tax increases, and the potential for the future reduction
of social Security benefits. These challenges are formidable on their own,

(14:02):
but when combined, they can almost seem insurmountable.

Speaker 1 (14:06):
That is a lot to plan for. How can you
do it, you may ask, Well, having a comprehensive written
retirement income plant is the primary way that we help
our clients address those risks. What I am talking about
is a simple document that is clear and easy to understand,
that tells you four simple things. First, when your retirement
paychecks are going to start. Next, exactly which part of

(14:28):
your retirement assets they're going to come from. Thirdly, it
tells you how long those paychecks are going to last.
And finally, it tells you how they will grow over
time to keep pace with inflation.

Speaker 9 (14:39):
The plan is a simple two to three page document
that lays all of this out in language you can
easily understand. But for this to be a risk management tool,
it must be in writing. What often surprises people is
the power that this kind of simple plan can have
when it comes to managing risk. Mike and I will
explain how we go through each of these top five

(15:02):
retirement risks.

Speaker 1 (15:03):
Yeah, let's take a deep dive into one of the
most significant risks retirees face, and that's longevity risk. The
risk arises from the simple reality that no one knows
exactly how long they will live. If we did know,
that would certainly make retirement planning much easier. Imagine if
we knew precisely how long our savings needed to last,
we could plan our spending so meticulously that the final

(15:25):
check we wrote would leave a zero balance just as
we are about to pass away.

Speaker 9 (15:29):
Since we don't have a crystal ball, uncertainty leaves us
with two potential outcomes when it comes to spending our money.
Spend too much, and we risk depleting our savings before death,
a potential nightmare scenario. To avoid this, many retirees become
extremely frugal, maybe too much so they pinch every penny,

(15:51):
only spend on necessities, and then pass away with a
significant amount of money left in their savings. While this
might benefit their errors, it could mean that they didn't
fully enjoy their retirement as much as they could or.

Speaker 1 (16:05):
Should have, and this is where a written retirement income
plan becomes critically important in managing longevity risk. A well
constructed plan can pinpoint the year in which your savings
will be exhausted, given and assume savings growth rate and
projected level of spending for our clients. We project these
numbers year by year until we see the depletion year.

(16:26):
The depletion year is the year when savings are completely exhausted.
This depletion year will be quite different for everyone. For some,
it might not occur until they are over the age
of one hundred, indicating a lower risk of outliving their assets,
but for others it might appear alarmingly early, such as
in their late seventies or early eighties, indicating a higher risk.

Speaker 9 (16:46):
The key is that this retirement income plan and these
year by year projections must be in writing. Most importantly,
it must be reviewed periodically to help ensure that you
remain on track. Upon review, you may discovered that the
original assumptions were incorrect, perhaps because spending might have been
higher than anticipated, or you're drawing down in your savings

(17:08):
faster than planned, or maybe your spending assumptions were accurate
at the time, but your portfolio is just not keeping
up as expected. If it's in writing, these and other
problems become easier to detect each time your plan is reviewed.
This allows you to make small adjustments, which often have
less impact on your lifestyle. Without a written plan, it's difficult,

(17:31):
if not impossible, to know if and when you may
exhaust your savings. This uncertainty often prevents retirees from doing
the things they always dreamed of, and instead leaves them
with a larger inheritance than they first intended.

Speaker 1 (17:46):
In addition to our quarterly investment reviews, we typically encourage
our clients to come into our office once each year
to review their retirement income plan. Because we have designed
and reviewed hundreds of these plans, our experience allows us
to see early warning signs of problems that our clients
might miss if they reviewed their plan on their own.
More importantly, when we find that a plan is not

(18:08):
on track, we can often suggest the most appropriate adjustments.
Greg and I need to take a quick break, but
we'll be back later in the show to discuss four
more retirement risks. So stay tuned.

Speaker 3 (18:21):
Kelly Financial Services eight eight hundred eighteen eighty one.

Speaker 2 (18:27):
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

(18:49):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with us.

Speaker 4 (18:56):
Hi, I'm Kelly Kelly from Kelly Financial Services. 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. If you have investable assets and
want to learn more about our experience, call us eight
eight eight eight hundred eighteen eighty one or email Kelly

(19:19):
at Kellyfinancial dot org to set up a free retirement consultation.

Speaker 6 (19:23):
We're Kelly Financial.

Speaker 4 (19:24):
Come retire with us.

Speaker 3 (19:27):
The Money Wrap with Kelly Financial Advisors. Greg Murray and
Mary Madeline Kelly.

Speaker 10 (19:34):
Good morning.

Speaker 11 (19:34):
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 12 (19:44):
Good morning, Greg. I am doing great for us skiers.
This snow is a treat, so I am very excited
to hit the slopes this weekend. How about you? Any
fun ski plans coming up.

Speaker 11 (19:53):
Absolutely. I'm super excited. On Wednesday, I'll be heading to
Italy for the first time to ski the Dolomites. This
is a once in a life experience and I'm super
excited to be heading there.

Speaker 12 (20:02):
Wow, you're going to have the best time. I am
so jealous, but I'll get over it because they'll be
in Utah the week after. So today we have some
exciting news to share that will affect many of our listeners,
especially those in public service. We're discussing the recent repeal
of the Windfall Elimination Provision or WEB.

Speaker 11 (20:21):
Yes, indeed, this is a major development. The repeal of
the WEB has been long awaited by many and comes
to substantial implications for those not entirely familiar. WEB was
a provision that reduced Social Security benefits for individuals who
also received the pension from the jobs that did not
contribute to social security. This primarily affected public sector workers
like teachers, police officers, and other government employees.

Speaker 12 (20:44):
That's right for those who might not be entirely familiar.
The WEB was introduced back in nineteen eighty three. Its
primary purpose was to prevent individuals who didn't pay into
the Social Security system during parts of their career from
receiving disproportionately high benefits. It s adjusted the Social Security
formula to account for non Social Security covered pensions, but

(21:05):
it has been widely viewed as unfair.

Speaker 11 (21:07):
Absolutely many argue that it unfairly reduced benefits for those
who deserve better, particularly our public service workers who pensions
came from employers that didn't contribute to Social Security. Fast
forward to now, the repeal means a significant shift. Many
of our clients can expect an increase in their Social
Security benefits.

Speaker 12 (21:24):
Exactly the increase could be pretty substantial for some. For example,
someone who previously saw our reduction due to WEB may
now see an increase of several hundred dollars in their
monthly benefit. This change can hugely impact their overall financial
stability and retirement.

Speaker 11 (21:40):
Agreed, it's not just about the additional income, but also
about financial predictability and security. This adjustment can help alleviate
the financial stress many retirees face, particularly when it comes
to covering health care costs and other essential living expenses.

Speaker 12 (21:54):
And speaking of implementation, it's important for our clients to
know that these changes might take a few months to
be fully reflected in their social Security payments. The SSA
needs time to update their systems and notify beneficiaries.

Speaker 11 (22:07):
Meanwhile, we're advising everyone to keep an eye on their
official communications from the SSA. Regularly reviewing their Social Security
statements will be crucial to ensure that the increase is
properly applied.

Speaker 12 (22:17):
And let's talk about paperwork. The good news is that
most of these changes will be applied automatically. However, if
there are any discrepancies or clients feel their updated benefits
aren't correctly reflected, they should definitely contact the SSA.

Speaker 10 (22:30):
That's right.

Speaker 11 (22:30):
Staying proactive is key, and while we're on this topic,
it's also a perfect time to revisit retirement plans. Our
clients need to consider how will the increased benefits fit
into their overall financial strategies.

Speaker 12 (22:41):
Absolutely, more income from Social Security could mean reevaluating how
much they need to withdraw from the retirement accounts, or
even rethinking their investment strategies, and.

Speaker 11 (22:50):
It's always a good time to consult with the financial advisor.
An expert can help reassess retirement income projections and adjust
plans accordingly. This could ensure that the changes are fully optimized.
With than the broader financial strategy.

Speaker 12 (23:01):
That's solid advice. It's about making the most of this
positive change for our listeners. Here are some steps you
can take. Review your latest Social Security benefit statement to
understand your new benefit amount. Update your financial projections using
the new information. Speak with your financial advisor to discuss
how this increase fits into your overall retirement plan. Look
at your expected retirement expenses and see how the additional

(23:24):
income might cover more of your needs. Keep up to
date with any future communications from the SSA.

Speaker 11 (23:29):
These are very practical steps. It's about being proactive and
taking control of one's financial future. The repeal of the
WEB is a positive development, and understanding its implications can
make a big difference in planning a secure retirement.

Speaker 12 (23:41):
Well, this has been a helpful discussion. I'm sure our
listeners appreciate the insights, and for those who have any
questions or need further assistance understanding how this repeal might
impact you, please reach out to us. We're here to help.

Speaker 11 (23:53):
Thank you Mary Madeline, Thanks to everyone listening. Remember to
stay informed and be proactive. Have a wonderful day.

Speaker 12 (23:59):
Thank you, Greg, you too, and have a great treat
to marry Madeline.

Speaker 3 (24:02):
To get in touch with Greg Murray or Mary Madeline Kelly,
or any member of the Kelly Financial team. Call eight
eight eight eight hundred eighteen eighty one.

Speaker 4 (24:14):
I'm Kelly Kelly from Kelly Financial. Retiring abroad sounds like
a dream, but it raises many questions concerning your savings, taxes,
and healthcare. The advisors at Kelly Financial can help prepare
an income strategy to ensure your money works for you
wherever you might call home. For a free consultation with
a Kelly advisor, call eight eight eight eight hundred eighteen

(24:37):
eighty one or email Kelly at Kellyfinancial dot org where
Kelly Financial. Come retire with.

Speaker 10 (24:43):
Us, Come and take a seat. Thank you, It's nice, Yes, yes, yes,
Now what do you want right? How are my sons performing? Hello?

Speaker 3 (24:53):
Look at the pretty colors the sun makes reflecting off
this glass.

Speaker 2 (24:58):
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 eighteen eighty one, or go
to Kelly Financial dot org.

Speaker 3 (25:14):
Safe Money Strategies with John Budriss and Kelly Kelly call
the team on eight eight, eight hundred, eighteen eighty one.

Speaker 10 (25:26):
And we are indeed back.

Speaker 2 (25:28):
I'm John Boudres, the co host of Safe Money Strategies,
and thanks for joining me this morning, as you do
many mornings, and we do appreciate that now. Retirement is
something that many of us plan for a long time
and we look forward to it over decades, our whole life,
really and it does require this kind of serious planning,

(25:50):
especially nowadays when we look at the skyrocketing costs of
living in some parts of the United States. In fact,
in New England we're we're living here now is particularly high.
So if you've ever thought about moving abroad or just
wondered where your retirement dollars would stretch the furthest well,

(26:11):
today's your lucky day. So stay tuned because we're going
to be diving deeply into retiring around the world and
looking at the best countries where you can retire too
comfortably and safely, and to tell us more about the
different places that favor American retirees. Let's welcome Kelly Kelly,
the CEO of Kelly Financial. Kelly good morning, and.

Speaker 4 (26:33):
Welcome, good morning, John, Happy to be here with you
on this fine Saturday morning.

Speaker 2 (26:39):
Well, as more people look to retire abroad, they're asking
where are the best places to live out these, for
lack of a better word, golden years of our life.
So let's start by discussing what makes a country a
good choice for retirement. It's not just about the cost
of living, or is it.

Speaker 4 (26:58):
It's certainly one fact, but not the only one, John.
When people are planning for retirement abroad, there are several
things to consider. First, there's the cost of living and
how far their retirement savings will stretch. But then there's
also the quality of healthcare, safety, infrastructure, ease of visa requirements,

(27:20):
cultural fit, and even things like the climate. Some retirees
also want to be in places with a strong expat community,
or even somewhere with tax incentives.

Speaker 2 (27:33):
Well, that makes sense. It's not just about stretching your dollars.
It's about the quality of life. Now, I've been hearing
a lot about certain countries popping up on the list
of the best places to retire for starters, Where do
you go to even find this information?

Speaker 4 (27:48):
For today's show, John, we're using the annual Global Retirement
Index from International Living. They've been publishing this resource for
over a decade and all for a variety of options
and opportunities for retirees to explore. The index draws from
first hand experiences of folks who research and live in

(28:10):
these retirement havens.

Speaker 2 (28:12):
Well, that's good to know. So some of our listeners
are probably wondering where they should start looking in your opinion, Kelly,
because I know you and Bill have lived, you know,
in many parts of the world. What are some of
the top countries that are emerging as the best spots
for retirements.

Speaker 4 (28:29):
There are a few countries that consistently rank high for retirees.
One that gets overlooked is Portugal. The cost of living
is much lower than in many parts of Western Europe,
especially compared to places like the UK or France. Plus,
Portugal offers great healthcare, a friendly atmosphere, and a lot
of sunshine. Most people love the climate there. I know

(28:52):
we really enjoyed it when the kids and I visited
a couple of years ago, and the prices were much
lower than most of the area is in Europe that
we visited prior.

Speaker 2 (29:02):
What about the visa situation? Can Americans retire there easily?

Speaker 4 (29:07):
Yes, that is another great thing about Portugal. They offer
a residency visa for retirees that's relatively straightforward compared to
other countries. People don't have to be wealthy to qualify.
They only need to show proof of income that meets
their minimum requirements, which could be from a pension or savings.

(29:27):
And the beauty of Portugal is part of the European Union.
This means that retirees can travel and even live in
other European Union countries if they want to after getting
their residency.

Speaker 2 (29:40):
Well, that's definitely a perk. Sounds like Portugal is easier
than most countries to make home. What about retirees who
are looking for something a little more exotic.

Speaker 4 (29:51):
If someone's looking for something a little different, Costa Rica
is another fantastic choice. Is not just affordable, is also
known for it simple relaxed way of life. Costa Rica's
healthcare system is excellent and ranked among the best in
Latin America. If retirees like the outdoor life, the beaches,

(30:11):
rainforest and volcanoes offer stunning landscapes. Plus, Costa Rica has
a retireing residency program that's pretty easy to navigate as
long as there's retirement income coming in.

Speaker 2 (30:25):
And that sounds like a dream for anyone who wants
to enjoy nature while living affordably. Now, what about countries
in Asia? A dear friend of mine has just moved
to Malaysia. Is that a good move financially?

Speaker 4 (30:40):
Absolutely? Thailand is a very popular destination for retirees owing
to its affordable cost of living, especially outside of Bangkok.
It's possible to live comfortably on a smaller budget with
inexpensive housing, food, and healthcare. Thailand's visa requirements are a
bit more specific, but they offer a long term visa

(31:03):
for retirees, which helps. And Malaysia is another great choice,
especially with It's My Second Home program. This gives retirees
long term residency options with fairly easy requirements. The cost
of living is low, the healthcare system is strong, and
English is widely spoken.

Speaker 2 (31:24):
Hmmm, as I said, Malaysia is sounding awful. Sweet Thailand.
They're not usually top of the mind places for most
Americans when it comes to retirement. Sounds like they could
be pretty appealing to some. Now let's talk about some
of the downsides. I'm sure all of these countries have
their challenges.

Speaker 4 (31:44):
Well, no country is perfect. John for instance, in places
like Thailand or Malaysia, while the cost of living is
low and the healthcare system is great, it may not
be as advanced as that in the US, so retirees
need to research whether the local healthcare system can meet
their needs. There might be language barriers in some of

(32:06):
these countries, especially in more rural areas where English might
not be as common. Plus, political stability is always something
to consider when relocating abroad, especially in regions that might
be prone to social or political upheaval.

Speaker 2 (32:23):
All great points, Kelly. It's key to do the research
before making any big moves, But in the end, it's
all about balancing affordability with how you want to live.
So remember, don't just look for a cheap place to live,
look for a place where you can truly enjoy your retirement.

Speaker 4 (32:42):
Exactly, John, It's important to feel safe and enjoy the surroundings,
as well as find that balance between cost, lifestyle and
peace of mind.

Speaker 2 (32:53):
Very well, said Kelly. I bet a lot of listeners
today will be taking notes after hearing this conversation, whether
they're looking to retire abroad or just planning for a
future right here in the States.

Speaker 10 (33:04):
What should folks.

Speaker 4 (33:05):
Do Remember smart planning can lead to a retirement that's
not only financially secure, but fulfilling. Do contact us at
Kelly Financial. If retiring abroad is something you're considering, don't
go it alone. My complimentary book, Retire Your Fear, Plan
Your Future has easy to read chapters on important financial

(33:28):
topics such as taxes, retirement, income, and longevity, which might
help when it comes to planning this next move.

Speaker 2 (33:36):
As always, Kelly, the information that you bring to us
is very useful, so thanks for that.

Speaker 10 (33:43):
Now.

Speaker 2 (33:43):
To get the book and make a complimentary appointment with
the Kelly Financial Advisor, call eighty eight eight eight hundred
eighteen eighty one or email Kelly at Kellyfinancial dot org.
When we come back, we'll dig further into all the
ways a financial advisor can go in that very big
decision to retire abroad. You're listening to Safe Money Strategies,

(34:06):
Stay tuned and we will be back in New York
well maybe an a parisman.

Speaker 3 (34:16):
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 13 (34:26):
Hi.

Speaker 4 (34:27):
I'm Kelly Kelly 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 13 (34:39):
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 (34:47):
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 (34:56):
Are you moved by the transition from one season to another?
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 eight

(35:18):
eight eight hundred eighteen eighty one or email Kelly at
Kellyfinancial dot org. Serving Boston for twenty one years.

Speaker 3 (35:26):
Safe Money Strategies eight eight eight eight hundred one eight
eight one.

Speaker 5 (35:31):
Come retire with.

Speaker 10 (35:33):
Us and we are back.

Speaker 2 (35:37):
I'm John Budris, the co host of Safe Money Strategies,
and thanks for joining me this morning. As you know,
I spend much of my time in Canada, and I
can tell you for a fact it has everything going
against it for retiring. And the real reason I'm there
is because I've owned the property for so long, I'm
so emotionally attached to it. I can't let it go.

(35:58):
And some might say that that's a good reason. Others
might disagree. But indeed, retiring abroad is an exciting option
for many Americans. So maybe you've dreamed of visiting the
ancient temples of Thailand, or enjoying the beaches of Costa Rico,
or taking long hikes along the coast of Portugal. I
can't say I've done any of those things yet. And

(36:20):
while these ideas are indeed exciting, they are also complex.
So before you pack your bags, you'll need a solid
financial plan. With me today, joining me once again is
Kelly Kelly, the CEO of Kelly Financial, who'll explain some
of the financial steps needed before you make this big move. Kelly,

(36:41):
good morning, and welcome back.

Speaker 4 (36:43):
Good morning, John, happy to be back with you on
this Saturday.

Speaker 10 (36:47):
Morning, Kelly.

Speaker 2 (36:48):
In the earlier segment, we talked about the programs and
options that make it easier for Americans to retire in
certain countries. Now we want to talk about what it
takes financially to actually do this. It's important to make
smart financial choices in retirement, especially when it comes to

(37:08):
retiring abroad. Unfortunately, many people think they can simply wing it. Now,
that's not a smart retiree move. Let me tell you that.
And before we get into the nitty gritty of the
financial plans, what are some of the biggest financial mistakes
you see retirees making when they try to move abroad.

Speaker 4 (37:30):
First, many people don't understand the tax implications there, arbitiries
who may not realize they may still owe US taxes
even if they're living in another country. Another mistake is
ignoring health care costs. Unfortunately, Medicare does not cover people
outside of the US, so they need to plan for

(37:50):
private insurance or local health care options. Lastly, they fail
to establish a long term income strategy. Exchange rates for
fluctuate and relying on US income sources without a plan
can be risky.

Speaker 2 (38:05):
All right, So let's break this down. If I'm a
retiree thinking about moving abroad, Let's say in five years,
what financial steps do I have to be thinking about
right now?

Speaker 4 (38:17):
Well, John, there's a roadmap retirees can follow when considering
an international move. They should start by working with a
financial advisor who will help evaluate cost, taxes, and investment
strategies for international living. Next, that should assess their retirement
income to understand which income sources they'll rely on. Will

(38:41):
it be social security, a pension, or their investments.

Speaker 2 (38:45):
Those are important. Kelly, you mentioned tax implications. Can you
elaborate on that a little.

Speaker 4 (38:50):
It's important for retirees to understand their tax obligations, such
as fileing required US taxes while living abroad. They should
also know if some countries have tax treaties with the
US that could be a benefit.

Speaker 2 (39:06):
Thanks for that explanation. Any other key steps in this roadmap.

Speaker 4 (39:10):
Kelly, Definitely, they should do some research on the cost
of living, currency exchanges and be sure to factor in
inflation exchange rates in any potential changes in the country's
economy will impact their finances. When it comes to their
healthcare coverage, some countries offer excellent healthcare at lower costs,

(39:31):
but they should compare private insurance options. Lastly, set up
the right banking and investment accounts. Some US banks may
not allow international transactions or foreign currency holdings.

Speaker 2 (39:45):
That sure is a solid list. Now, what role does
a financial advisor play in making this process smoother.

Speaker 4 (39:53):
Well, John, an advisor can help retirees create a strategy
that protects their wealth and insurance. They can sustain their
lifestyle abroad through tax planning, investment strategies, income planning, and
estate planning. When it comes to tax planning, we help
clients understand tax liabilities, foreign tax credits, and how to

(40:16):
legally reduce their tax burden. If our clients have any
additional questions regarding their taxes, we can refer them to
a certified tax professional. Moving abroad doesn't mean retirees should
abandon US investments. As advisors, we can help them diversify
assets for international stability. When it comes to income planning,

(40:38):
we can ensure that retirees have steady, reliable income streams
even with fluctuating exchange rates. US estate laws don't always
align with foreign laws, so before they move abroad, they
should meet with their estate planning attorney to update their
wills and trusts.

Speaker 2 (40:56):
Well, that's why they need a plan. Solely relying on
the government to help them isn't a smart move, So
it's wise to secure your financial future by working with
an expert who can help. Kelly, can you give a
scenario of what it might look like for someone to
successfully retire abroad.

Speaker 4 (41:15):
Let's say a retired couple wanted to move to Portugal
and had a solid nest egg, but did not realize
Portugal has a tax system that could affect their US
based retirement income. Our Kelly advisors could structure their investments
tax efficiently, assist with setting up international friendly banking, and

(41:36):
help them research affordable private healthcare. By working with a
financial professional, retirees can enjoy their retirement without financial stress.

Speaker 2 (41:47):
This has been a fantastic conversation, Kelly, so thanks so much.
Before we wrap it up, what's your number one piece
of advice for someone considering retirement abroad?

Speaker 4 (41:58):
Start planning early and contact us at Kelly Financial. We
can help. The earlier they get their finances in order,
the smoother the transition will be. They can also pick
up a free copy of my book, Retire Your Fear,
Plan Your Future. We have dedicated chapters on the importance
of planning and how to find a financial professional. It

(42:20):
will help guide our listeners to ensure their money is
working for them no matter where they live.

Speaker 2 (42:27):
As always, Kelly you bring great advice, so thanks to
get the book and make a complimentary appointment with the
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. Thanks so much
for joining me. You're listening to safe money strategies.

Speaker 10 (42:49):
Stay tuned and we'll be back in just a moment.

Speaker 3 (42:56):
Kelly Financial Services Call A eight one hundred eighteen eighty one.

Speaker 2 (43:02):
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, call eight eight eight eight hundred eighteen

(43:25):
eighty one or email Kelly at Kellyfinancial dot org where
Kelly Financial. Come retire with us.

Speaker 4 (43:32):
I'm Kelly Kelly from Kelly Financial. Retiring abroad sounds like
a dream, but it raises many questions concerning your savings, taxes,
and healthcare. The advisors at Kelly Financial can help prepare
an income strategy to ensure your money works for you
wherever you might call home. For a free consultation with
a Kelly advisor, call eight eight eight eight hundred eighteen

(43:55):
eighty one or email Kelly at Kellyfinancial dot org where
kellyin Angel Come retire with.

Speaker 3 (44:01):
Us Safe Money Strategies Cool eight eight eight eight hundred
eighteen eighty one. Well, go to Kellyfinancial dot org. Welcome back.

Speaker 1 (44:11):
I'm Mike, you said in Joining me in the studio
is Greg Workman. On today's episode of Safe Money Strategies,
Greg and I are covering what we believe are the
top five retirement risks. Earlier this morning, we discussed longevity risk,
or the risk of outliving your savings. Another significant risk
many retirees face is market risk and the potential for
investment losses.

Speaker 9 (44:30):
The worst stock market declines often referred to as bear markets,
which are defined as sustained periods of downward trending stock prices,
often triggered by a twenty percent decline from near term highs.
Between April nineteen forty seven and April twenty twenty four,
there have been exactly fourteen bear markets. The severity of

(44:52):
these downturns has also varied with declines in the S
and P five hundred index, ranging from twenty percent to
as much as fifty two percent. Since nineteen twenty eight,
there have been a total of twenty five bear markets.

Speaker 1 (45:06):
For younger people, bear markets shouldn't be much of a
problem because they have time to weigh out any crashes,
but for those who have stopped working or are planning
to retire soon, this could be disastrous.

Speaker 5 (45:17):
If you are forced to start taking distributions.

Speaker 1 (45:19):
From your retirement plans in a down market, you could
damage your long term finances, increasing the risk of outliving
your savings.

Speaker 9 (45:25):
A retirement income plan could not only help you determine
the appropriate mix of stocks in your portfolio, but it
can also be an effective tool for managing the risk
of stock market loss. One of the challenges many people
face when investing and putting their hard earned savings at
risk is that they don't have a clearly defined view
of their objectives. Often people focus on the balance and

(45:49):
their retirement accounts, wanting it to go up because they
know they will likely need more money in the future
to support their retirement goals. However, without a retirement plan, difficult,
if not impossible, to establish any targets for the investment
results they are seeking.

Speaker 1 (46:06):
This target need not be elusive if you understand that,
when it comes to investing for retirement, income is the
outcome you should be targeting with your investments. In other words,
if you are putting your savings at risk to increase
the chances that your savings will generate the income you need,
then income should be the primary consideration in determining the
investments and financial products you select.

Speaker 9 (46:27):
The key to managing accompanying market risk is to not
expose your savings to any more risk than is necessary
to meet your future income objectives. Now this may sound complex,
but it really isn't. Consider a rather extreme example of
an affluent seventy year old with let's say ten million
in savings. Unless she has an extremely lavish lifestyle, her

(46:50):
ten million will likely meet her income needs for the
rest of her life without any growth. Without a compelling
reason to grow her money, she might choose to have
void market volatility and invest in something far less risky.

Speaker 1 (47:04):
Of course, the average person doesn't have this amount of
money in their retirement accounts, so they will need the
money to grow correct correct.

Speaker 9 (47:11):
So the key is to seek the growth and accompanying
risk that is necessary to meet your objectives. A retirement
income plan can help you pinpoint the amount of risk
that you need to take to help achieve the growth
required to meet your goals.

Speaker 1 (47:26):
With only a few minutes remaining in today's segment, let's
address three interconnected risks that retirees face. Inflation, higher future taxes,
and the potential for Social Security benefit cuts. These risks
are all tied to our country's growing debt, which currently
exceeds thirty four trillion.

Speaker 9 (47:42):
As the cost of living rises, the purchasing power of
your retirement savings dollars diminishes. Inflation can erode your ability
to afford necessary expenses over time, making it a significant
risk for today's retirees. To manage the ballooning national debt, our,
political leaders will need to either reduce spending or increase revenue.

(48:05):
One of the most straightforward ways to increase revenue is
by raising taxes. A solid retirement income plan must anticipate
the possibility of higher taxes and have strategies in place
to mitigate the impact on your retirement savings.

Speaker 5 (48:20):
Then there's the looming threat to Social Security.

Speaker 1 (48:23):
The program is projected to run out of money in
May of twenty thirty three. Without congressional action to resolve
its funding problems, benefits will have to be cut when
twenty thirty three arrives. If our country's debt has continued
to balloon, politicians will have fewer options other than cutting
benefits to address the shortfall in social security funding.

Speaker 9 (48:41):
While these challenges are beyond our direct control, it doesn't
mean we can't have a plan to manage the potential impact.
A solid retirement income plan can help you better understand
and prepare for multiple risks by assessing different scenarios and
incorporate strategies to address inflation, potential tax increases, and social

(49:04):
Security benefit cuts. A comprehensive plan can provide a roadmap
for navigating these uncertainties and more. This proactive approach helps
ensure that you have a clear understanding of the ideal
options available to deal with whatever challenges may arise in
the future.

Speaker 1 (49:22):
We're not suggesting that finding ways to manage the risks
of outliving your savings, market volatility, inflation, higher future taxes,
and potential social Security benefit cuts is easy. However, proper
planning can make it more manageable. Today, we live in
an extremely challenging time when it comes to preparing for
a long retirement. With a well thought out retirement income plan,

(49:43):
you can approach the future with greater confidence knowing that
you have a strategy in place to address these challenges
and preserve your financial confidence.

Speaker 9 (49:51):
Before you let any more time go by, it may
be a good idea to stop and ask yourself if
you are as prepared for retirement as you would like
to be. If you're not sure, do yourself a favor
and call us today schedule a complementary consultation with our team.
With that, my name is Greg Workman.

Speaker 1 (50:10):
And I Mike you said, join us next week. For
more safe money strategies.

Speaker 3 (50:17):
Kelly Financial Services go to Kelly Financial dot org.

Speaker 8 (50:21):
Let me tell you about Kelly Financial Services. It's twenty
twenty five and it's time to get serious about your
retirement goals. You've put in the years, You've worked hard,
and now it's all about insuring your money works just
as hard for you. Retirement isn't what it used to be.
Between inflation, taxes, and healthcare costs, you need a real

(50:43):
income strategy. The advisors at Kelly Financial can help create
a plan to protect your savings and generate a steady income.
They also have a free investor guide it's called Your
Retirement Income Planning Checklist, which might just help retirees address
many challenges they may face in creating their retirement income

(51:03):
they need for their desired lifestyle. So for a free
copy of the guide or to set up a free
retirement consultation, call eight eight eight eight hundred eighteen eighty
one eight eight eight eight hundred eighteen eighty one.

Speaker 5 (51:17):
Or email Kelly at Kelly Financial.

Speaker 3 (51:20):
Dot work Kelly Financial Services, go to Kelly Financial dot org.
Come retire with us.

Speaker 13 (51:29):
If you really want to have a bad day, go
to a mobile home park a trailer park with a briefcase. Basically,
go door to door and see how much insurance people need.
By the way, ladies, John, how much insurance do you
need today?

Speaker 10 (51:41):
You know?

Speaker 13 (51:41):
Zero? Right? So, well, that's an awful feeling when you're
starting out. That's the way the business used to start.
To get your insurance license, and you go sell some
life policies and if you could actually stand it for
several months, then you were unique because you did something
that very few people on earth could do. And that's
what I did. Meantime, you have to put gas in
your car. I think I need three thousand bucks my

(52:03):
first year, I think there were two years. I mean nothing.
I had an appointment. I went to the appointment and
this trailer had two doors, the door on which I
was knocking and the door to the left of me
at the back of the trailer. The car was in
the driveway. That's a good sign their home, right, I
was going to get an appointment, I was going to
get a sit down. I knocked down the door. Well
both the back door opened of the trailer. The two

(52:23):
people came out, obviously, it was a man and his wife,
and they walked right by me, and I'm saying him,
it's Bill KELLEYAM here for the appointment. And they didn't
look at me. They got into the car and they left,
and no one ever answered the door. The best way
to learn how to handle money is to not have
any The best way to learn how to hunt if
you've never hunted before, is be in the woods and
be hungry. I think, because once you learn that, you'll

(52:44):
never forget it, because if you do, you won't live anymore.
So I don't think the best way to learn how
to deal with it adversity is to not allow it
in your life. To overcome adversity, the learning curve does
not mean don't have any So think about that, ladies
and gentlemen. Eight eight one. That would be nice, and
we will think about all of that. What we can

(53:04):
do better in our lives, right, that's what we're here for.
What can we do better, What can happen nicer in
our lives? How can we help other people? And then
what happens is what you try to avoid. If your
goal is to avoid something, you're going to meet it
head on if that's your goal to avoid. We saw
Jordan Speed trying to avoid losing and it cost him

(53:26):
eight strokes. I think he was up five and he
ended up down two. And on Saturday I watched him
hit a golf shot on the eighth ball at the Masters.
He was up five, and he didn't like the shot.
He looked, he bit his lip and he dropped his
club through his hands from the grip down to the
head and he looked out there very stoically, and I
looked over to Kelly, who was in the kitchen, and

(53:47):
I said, he's going to lose. And the next day
he finished that journey that he began by self doubt.
And they say that golfers in practice have none of
those reactions. But the reactions of bending clubs, wrapping them
around trees, throwing them into ponds, that all comes as
a result of the audience. And you're trying to express
that to the audience and tell them how you feel

(54:07):
so they'll empathize with you and forgive you when you
should be focusing on what you're really doing inside of yourself.
So that's what I have to learn. So I really
let a lot of people down, but mostly me. So
that's the big concern for me. So excuse me from
being human ladies and gentlemen, and God forgive me for that. Also,
it's what we are. We're in this skin, we're in
this body. We're here. We get hot, we get cold,

(54:31):
we get angry, we get happy. So it happens. Eight
eight eight eight hundred one, eight eight one. We'll be
right back.

Speaker 3 (54:40):
Safe money Strategies eight eight eight eight hundred one eight
eight one.

Speaker 5 (54:45):
Come retire with us.

Speaker 4 (54:48):
I'm Kelly Kelly from Kelly Financial. Considering retiring to another
country can be exciting, but it requires careful planning, as
the idea can raise many financial questions. Will you savings
last as long as you do? Will your retirement income
be text abroad? Will you have access to quality, affordable healthcare?

(55:08):
How will exchange rates affect your income? My complimentary book,
Retire Your Fear, Plan Your Future answers these questions in
more and will help you get on the right financial
path to start your next journey. You can also sit
down with one of our Kelly Advisors who know the
ins and outs of retirement planning, ensuring your money works

(55:29):
for you. Wherever you might go. For my book 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 where Kelly Financial Come retire.

Speaker 10 (55:45):
With us.

Speaker 3 (55:47):
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 2 (55:59):
The news break is coming up, and during the break
take the time to give a call at eight eight
eight eight hundred eighteen eighty one and make that all
important first step to secure your retirement future. Talk things
through with a financial advisor about any aspect of retirement
or money management, whether it's your portfolio, concerns about healthcare,
or if you're tossing around the idea of relocating or

(56:20):
maybe helping out with your grandchildren's college. You 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.
Expressed by the host, his guests or employees of Kelly

(57:02):
Financial Services are solely their own and do not reflect
the opinions of Kelly Financial Services. Information has been obtained
from sources deemed to be reliable, but their accuracy and
completeness cannot be guaranteed. The information provided as general in
nature and is not intended to be specific investment, tax,
or legal advice.

Speaker 9 (57:14):
It is always advisable to consult a professional before making
a financial decision.

Speaker 2 (57:17):
The host is a client of Kelly Financial Services. In
exchange for hosting the Safe Money Strategies Show and providing
testimonials of his personal experience as a client of Kelly
Financial Services, Kelly has waive the host's advisory fee in full.
Because of this arrangement, where the host receives compensation in
the form of a fee waiver, the host has an
incentive to recommend Kelly Financial Services, resulting in a material
conflict of interest,