Kelly Financial: Saturday, July 05, 2025

Episode Transcript

Speaker 1 (00:00):
W RKO.

Speaker 2 (00:01):
The following broadcast is paid for by Kelly Financial Services.

Speaker 1 (00:17):
Is coming to us.

Speaker 3 (00:26):
Good morning, Dear Boston. I'm John Boudris and Kelly Financial
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six eighty on the AM dial and
online from just about anywhere. Let's take a few minutes
to think about what America means. I believe that true

(00:46):
Americans are just as committed now as they have been
for the centuries that preceded us. Because America grew out
of the great hopes of people yearning to breathe free.
The United States then became a unique place in all
of history where certain freedoms were enshrined in a constitution

(01:08):
to which all other laws must answer. And more than that,
America is not just a place. It's an idea that
lives in a place, a dream that is so important
that we must state it ever so clearly, as did
the great American sas Charles Brown, he wrote, America rests

(01:28):
on the idea that you can invest yourself in making
a better life and it will not be stolen from you.
So people came from Europe, where the crown was absolute
where religious oppression was pervasive and the divide between rich
and poor was so incredibly wide that today's leftists aren't
even able to comprehend it. I'm reminded of a young

(01:49):
teenager from Germany who came to America in the mid
eighteen hundreds with just the shirt on his back. He
took a simple skill, a sharp mind, and great effort
and that Constitution to become the first multi millionaire in America.
And that man was John Jacob Astor, one of the
most generous philanthropists in history. Astor invested himself in a

(02:13):
better life and succeeded, and when he died, he gave
most of that wealth away so that others could do
the same. Our constitution guarantees the necessary conditions for that
to happen. The First Amendment of that Constitution makes America
very unique by preventing the government from dictating which church

(02:35):
you go to or limiting your ability to speak your mind. Now,
those those two tenants are under great threat by government
itself these days. They're hanging by a thread. They're under
assault every day, and a growing mob wants to take
them away. When the Preamble to the Constitution says that
America has a government of the people, by the people,

(02:59):
and for the p it means it. That's what sets
us apart from the rest of the world, and that's
why the leftist mob wants those rights gone. America has
always been that shining city on the hill. Because government
is restricted, it just can't do what it wants to do.
We can argue about how the American dream has been

(03:20):
distorted by centuries of growing government and judicial malfeasance. That's
all true, but at its heart, the American dream is
alive and well in all real Americans. You see all
leftists rise to power on the lie that the only
way the less successful can get ahead is if the
government steals from the most successful. Tell that to John

(03:43):
Jacob Astor or the millions who have moved and continue
to move up the economic ladder in spite of government theft.
Those people came here for freedom, not free stuff. Because,
as Margaret Thatcher observed, the only problem with socialism is
that you eventually run out of other people's money. Venezuela

(04:05):
learned that the hard way. We must restore America to
what it was in the beginning. If we're actually to
make America great again, that living idea must not perish,
that sacred idea that you can invest yourself in making
a better life and your efforts will not be stolen

(04:25):
from you. God bless America and Happy Birthday America to
the nation and all real and true Americans. Well, we
have a lot on the show today, so we're going
to get right to that. We of course will be
hearing from the advisors of Kelly Financial and with us
is Kelly Kelly, the CEO of Kelly Financial Services, and

(04:46):
the Beast William Kelly will be talking with us too
later in the show, So stay with us and we
will be back in a New York.

Speaker 4 (04:54):
Minute Safe Money Strategies with John Boodris and Kelly Kelly
called Kelly Financial on eight eight eight eight hundred, eighteen
eighty one. We'll go to Kelly Financial dot Org.

Speaker 5 (05:17):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to our forever Young segment. I am joined
as always by my handsome and insightful son, William Kelly Junior,
as we chat every Saturday morning about life and the
current happenings of the week.

Speaker 1 (05:36):
Good morning, William, Good morning Mom, how are you. I'm
doing great. How about yourself? I've been good.

Speaker 2 (05:41):
Actually, I've been great, especially now that we came back
from Bamp. It's been feeling pretty awesome to have a
nice vacation and it's like that post vacation feeling where
you feel nice and rested and you can get back
to what you're doing. And it gave us a lot
of time to spend quality family bond time together. So
it gave us a lot of time to bond pretty much,

(06:04):
and we were able to see some amazing sights, weren't.

Speaker 1 (06:08):
We We actually did. It was pretty chilly too.

Speaker 2 (06:11):
It was so ladies and gentlemen, if you're going to Bamp, Canada,
which is northwest think Calgary in our north of Calgary,
dress a little bit warm, but do bring some summer
clothing because it did get one on Sundays. So tell
the listeners about our gondola experience and believe it or not,
Mike du Set, as many of you know, and his

(06:32):
wonderful wife Mary du Set, were with us together on
this trip. So we had some Kelly financial representation and
we had a blast and we had a glass with
this gondola.

Speaker 1 (06:46):
Do you want to Yeah, it was quite the experience.
It was a long wait, I will say that.

Speaker 2 (06:54):
Really he is only forty we met. Then, well, it's
very cheap, ladies and gentlemen, right, mom.

Speaker 1 (07:01):
Yes it was.

Speaker 5 (07:02):
You know, we had lunch plans at this restaurant that
had great reviews and we're thinking, okay, you know, we
have to take the gondola to get there, and I
was thinking maybe it was twenty dollars a person, and
it was more like eighty a person or maybe ninety.

Speaker 1 (07:21):
Wow, isn't that something lades it show?

Speaker 5 (07:24):
Yes, it blew us away, but you know what, it's
a tourist attraction.

Speaker 1 (07:29):
You pay for convenience.

Speaker 2 (07:30):
That's what they charged in Canada, whities and gentlemen. That
was a shock. That was a sight to behold seeing
that price.

Speaker 5 (07:37):
But actually that was in Canadian dollars true, so so
US it was not quite as bad.

Speaker 2 (07:43):
I believe it was ninety ninety Canadian dollars and so
it was probably about seventy to eighty.

Speaker 1 (07:50):
Es US dollars. Still, it was quite high.

Speaker 2 (07:52):
Very and so by the time we got up to
the top of this gorgeous mountain, it's snowyick.

Speaker 1 (08:00):
And so the whole site that we were dying to see.
We couldn't see anything. There was no view.

Speaker 2 (08:04):
But that day there wasn't as much weight the day
of a clear sky on a Monday afternoon when we
took a second tour. This tour included the tickets and everything.
This tour was way more spectacular in the terms we
were able to see the mountaintop view. However, the weight
times were egregious, like they were abominable. You were stuck

(08:26):
in line for just overwhelmingly long period of time. You
were just it was so bad going up and you
think going up, you know, would be the worst.

Speaker 1 (08:36):
But I don't know a lot.

Speaker 5 (08:38):
Well, I think there was something that like that weekend
that the Canadian government offered to people.

Speaker 2 (08:46):
Yeah, what it is like a discount or something. What
they offered was admittance into bamp When you go to
a national park, you had to pay a flat out
feed which is like eight dollars.

Speaker 1 (08:58):
And they made it free.

Speaker 2 (09:00):
The Canadian government, I guess, wanted to incentivize people visiting.

Speaker 6 (09:03):
Was there gondola rug free as well? No, it was not, okay,
so you still had to pay it. Yeah, yeah, you
don't have to worry about that. They make sure but
they were really encouraging more people to come into the park.
So I don't know what's going to happen. I don't
know if that's permanent or temporary. But BAMF is gonna
have to figure it out. But it was a beautiful time.

(09:26):
That was beautiful.

Speaker 2 (09:27):
It really was lovely, ladies and gentlemen. I may or
may not have said a gopher thought that may or
may not have fed one either. And the reason they
say may or may not is because it may or
may not be a twenty five thousand dollars fine ladies
and gentlemen, and we may or may not be Canadian criminals,

(09:49):
and we may or may not have fed them dandelions,
which they could have eaten anyway.

Speaker 1 (09:54):
But the gopher may or may not have been very
friendly to us. You tapped it on this.

Speaker 2 (09:59):
No, I'm not claiming anything. They're okay, there was no
interaction or there might have been an.

Speaker 5 (10:04):
Ann Yeah, I'm in the background saying don't get too closed, ladies, rabies.

Speaker 2 (10:09):
For my defense, in order not to criminalize myself, I'm
not going to testify that it may or may not
have happened. What you guys can believe. My mom clearly
has our own delusions about it. I don't I don't
know if you slept too well in these past couple
of days. But all I'm going to say is that
it could have been a possibility, you know what I mean.

Speaker 1 (10:28):
So that was a lot of maybe fun.

Speaker 2 (10:31):
And then the rafting ride, that was a beautiful attraction.

Speaker 1 (10:38):
Now it's not like water rafting.

Speaker 2 (10:39):
It's very low key and it's very slow paced rafting,
like you're literally sitting on the side of the boat
and it's that comfortable, and it's not chaotic at all.

Speaker 1 (10:50):
The current is not too crazy, no, it it really
has a slow pool.

Speaker 2 (10:54):
And I remember we had the opportunity to smell pollen
ladies and gentlemen.

Speaker 1 (10:59):
Have you ever smelled Paul before?

Speaker 5 (11:00):
Mom?

Speaker 1 (11:00):
Have you smelled? I have not.

Speaker 2 (11:02):
I guess maybe it's because anytime Pauland enters our nose
we start sneezing. But I remember we're sitting down and
our guide and our rower or steer. I'm really unfamiliar
with the term. The gentleman said, now you can start
to smell the pollen ladies and gentlemen if you really
pay attention. And I said, sure, what does Pauland smell like?

(11:23):
And he said, like paulin and I don't know. He
kind of made me feel like an idiot because apparently
everybody knows what pauland smells like no one on our
raft did. Yeah, so I guess I wasn't alone. That
That was nice knowing that I was not alone in
that struggle. But ladies and gentlemen overall, if you want
to have a fun family trip, we recommend Banff.

Speaker 1 (11:41):
We really had a good time.

Speaker 5 (11:42):
It was it was beautiful, breath taking and we had
good food, and we had stayed at a beautiful place.

Speaker 1 (11:50):
And it was also a conference. We had great meetings.

Speaker 5 (11:53):
So it was you know, family fun, Kelly, financial fun.

Speaker 1 (11:57):
And good learning. There was.

Speaker 5 (12:00):
Do keep us on your dial. We have a lot
of great information coming your way. Mike do Set and
Greg Workman will take a fresh look at freedom.

Speaker 1 (12:08):
You're a financial freedom.

Speaker 5 (12:11):
Learn how to declare independence from worry and take control
of your retirement. Even though inflation is cooling on paper,
everything still feels expensive. Mary, Madeline Kelly and Greg Murray
will unpack the disconnect and share smart strategies to protect
your wallet. And I'll be back with William for a
part two conversation on the fine print of retirement taxes

(12:34):
because where you live could cost you thousands. And of
course we have some wit and wisdom from Bill Kelly
at the end of the hour. That's all for forever
young today. Thank you for listening, William, thank you for
joining me this morning, and we'll be back very soon.

Speaker 2 (12:50):
I love you, honey, Mom, I love you too, and
as do I and I want to wish everyone all
of our listeners are very happy.

Speaker 1 (12:56):
Fourth of July weekend.

Speaker 3 (13:06):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill say? The wit and wisdom
of the late Bill Kelly, who today tests time time.

Speaker 7 (13:17):
You don't have as much left today as you had yesterday.
It's the rule of science. When's the best time to
plant a tree twenty years ago? When's the second best
time to plant a tree tomorrow? Today? Whenever you can
get to it, that's the next best time.

Speaker 3 (13:32):
There's no time like the present to begin saving, planning,
and enjoying retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and retirement well lived.
Go to Kellyfinancial dot Org or call eight eight eight

(13:53):
eight hundred and eighteen eighty one to spend some time
with one of our financial advisors.

Speaker 1 (13:58):
Time, ladies and John, it's not too late.

Speaker 3 (14:01):
We are Kelly Financial. Come retire with us.

Speaker 4 (14:06):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight hundred eighteen eighty one. We'll go
to Kelly Financial dot org. Come retire with us.

Speaker 8 (14:21):
Okay, my friends, picture this. You're sitting in your beach chair,
toes in the sand. Maybe you're down on the queer
up in Gloucester, just soaking in the summer. Now what
are you reading? Another murder mystery? Maybe a cookbook? Hey,
why not pick up something that could actually make a
difference your financial future. Kelly Kelly has a fantastic free

(14:44):
investor guide. It's called Retire Your Fear, Plan Your Future.
This is real world stuff most retirees put off until
it's too late, like outliving your money, how taxes can
hit you in retirement, what to really do with your
four oh one K and how so social Security actually works.
And here's the best part. It's all in plain English,

(15:05):
no fluff, no sales pitch, just good, smart planning. So
if you want some summer reading that could actually protect
your retirement, grab Kelly's book today and the best.

Speaker 1 (15:16):
Part, it's free. It's her gift to you.

Speaker 8 (15:20):
So call now eight eight eight eight hundred eighteen eighty
one eight eight eight eight hundred eighteen eighty one, or
you can email Kelly yourself Kelly at Kellyfinancial dot org.

Speaker 1 (15:33):
Kelly at Kelly Financial dot org.

Speaker 9 (15:40):
Good morning and welcome to Safe Money Strategies. I'm Mike two, said,
chief operating officer at Kelly Financial Services. Joining me in
the studio this morning is my colleague and investment advisor
Greg Workman.

Speaker 10 (15:51):
Good morning, Greg, Good morning, Mike. I'm happy to be
here with you and our listeners on this July fourth weekend.

Speaker 9 (15:57):
Yeah, we hope you enjoyed some classic independent stay fun,
maybe a cookout, fireworks, time with family and friends, and.

Speaker 10 (16:04):
Hopefully you weren't spending that time worrying about your financial future.
That's what we're here for, helping you plan with clarity
and confidence.

Speaker 9 (16:13):
At Kelly Financial Services, we are an independent, registered investment
advisory firm and we act as a fiduciary on the
investment management side of our practice. That means we are
legally obligated to put your best interests first. We don't
receive commissions on the investment side, and our advisors are
salaried employees, so their compensation doesn't depend on what they recommend.

Speaker 10 (16:35):
We do offer insurance solutions such as life insurance, annuities,
or long term care that may pay a commission to
the firm, but those commissions do not go to the
individual advisor. That helps us stay objective and focused on
what's right for you.

Speaker 9 (16:52):
Today's show is all about freedom, but not just political freedom.
We're talking about financial independence. What it means, why it matters,
and how can you achieve it regardless of your current situation.

Speaker 1 (17:04):
Let's define it.

Speaker 10 (17:05):
Financial independence means having enough income to support your lifestyle
without relying on a paycheck. It's about being able to
make choices based on what you want, not just what
you can afford.

Speaker 9 (17:18):
That might mean retiring early, changing careers, working part time,
starting a passion project, or just having peace of mind.

Speaker 1 (17:26):
Here's a question to consider.

Speaker 10 (17:28):
If you didn't have to work for money, how would
your life look different.

Speaker 9 (17:33):
Yeah, that's a powerful place to start. It's about imagining
your version of freedom and then planning for it. Let's
dig into Pillar one of financial independence, budgeting and cash flow.

Speaker 1 (17:44):
This is the foundation.

Speaker 9 (17:46):
Without it, even the best investment strategy can fall apart.

Speaker 10 (17:49):
At Kelly Financial, this is where our retirement planning process
begins with a deep understanding of your current cash flow,
and we do that using our proprietary tool, the Safe
Money Strategies Workbook.

Speaker 9 (18:05):
When someone first meets with us, we don't just jump
straight into charts or products. We start by asking the
right questions because rail planning starts with the real numbers.

Speaker 10 (18:15):
The Safe Money Strategies Workbook is a comprehensive yet easy
to complete guide that helps us and the prospective client
understand their complete financial pick SEP.

Speaker 9 (18:26):
We use it to help you analyze three key areas.
One your income sources including wages, social security, pensions, and
investment income. To your expenses, both fixed and discretionary. In third,
your assets iras four oh one ks, brokerage accounts, savings
and more.

Speaker 10 (18:47):
Thick of it like taking an inventory before a big trip.
If you don't know what you have and what you
will need, how can you.

Speaker 1 (18:55):
Plan where you're going.

Speaker 9 (18:56):
Once we go through the workbook with you, we can
begin to answer the questions on most people's minds.

Speaker 1 (19:02):
Can I afford to retire? That is the key question.

Speaker 10 (19:06):
We use the workbook to create a personalized cash flow analysis.
It allows us to map your expected expenses against your
income and withdrawals today and over the next twenty to
thirty years.

Speaker 9 (19:20):
We're not just looking at this year or next year.
We model what your retirement looks like through various life phases.
What happens when one income source stops, what if healthcare
costs rise?

Speaker 1 (19:31):
What if inflation eats away at your buying power.

Speaker 10 (19:34):
The workbook also reveals gaps that may not be obvious.
For instance, maybe your income looks solid, but your expenses
are trending in the wrong direction, or maybe your assets
are tied up in less liquid accounts and that impacts
your flexibility.

Speaker 9 (19:51):
It's not about scaring people, it's about bringing clarity. We've
had clients tell us I've never looked at my finances
this way before. This is the first time I feel
like I actually know where I stand.

Speaker 1 (20:02):
That's the goal.

Speaker 10 (20:03):
We want every person who works with us to have
a written, understandable, and customized financial plan.

Speaker 9 (20:11):
And here's the great part. This process is one hundred
percent complementary. We offer the workbook and initial consultation at
no cost, because we believe every family deserves to know
where they stand.

Speaker 10 (20:23):
Once we go through the Safe Money Strategies Workbook with you,
we can help answer the other big questions, when should
I claim Social Security? What accounts should I draw down
from first? And will I outlive my money?

Speaker 9 (20:39):
The workbook isn't just a form, it's a conversation starter.
It gives us in you the data needed to make smart,
confident decisions about the road ahead.

Speaker 10 (20:49):
Whether retirement is five years away or you've already made
the leap. This process gives you a clearer picture of
what's possible and what needs attention.

Speaker 9 (20:59):
So you're listening today and wondering where to start, this
is it. We invite you to complete to Save Money
Strategies Workbook with us. You'll walk away with something valuable,
even if you never become a client.

Speaker 10 (21:11):
It is the first step in moving from uncertainty to
clarity and ultimately toward financial independence.

Speaker 9 (21:19):
Let's bust a myth. Retirement isn't about age. It's about
your number, the amount you need saved to replace your income.

Speaker 10 (21:27):
For one person, that number might be five hundred thousand,
for another could be two million. It all depends on
your expenses, lifestyle.

Speaker 1 (21:36):
And goal.

Speaker 9 (21:37):
We run into people who say, I'm sixty five, I
guess it's time to retire. But if you don't know
your number, how do you know you're ready to retire.

Speaker 10 (21:45):
That's where a retirement income plan comes in. We look
at all your sources of income, social Security iras, four
to one k's pensions, and we match them to your
expected lifestyle.

Speaker 1 (21:57):
We also factor in inflation.

Speaker 9 (21:59):
A dollar time today won't buy what a dollar buys
ten or twenty years from now.

Speaker 10 (22:04):
Healthcare is another huge factor. Medicare does not cover everything.
Long term care expenses can be devastating.

Speaker 9 (22:12):
Without a plan, we need to take a quick break,
but when we come back, we'll talk about how to
declare your own financial independence.

Speaker 4 (22:22):
Kelly Financial Services, eight eight hundred, eighteen eighty one.

Speaker 9 (22:27):
I believe that this nation should commit it so to
achieving the goal of landing a man on the Moon
and returning him safely to the Earth six.

Speaker 11 (22:37):
Five four three two one zero All engine run, Let.

Speaker 5 (22:46):
Go to follow up.

Speaker 3 (22:47):
Remember those Apollo Moon missions, one of America's greatest adventures
and achievements.

Speaker 1 (22:53):
Too.

Speaker 3 (22:54):
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 your goals for
your greatest adventure and achievement. Call us at eight eight
eight eight hundred and eighteen eighty one or visit us

(23:16):
at Kellyfinancial dot org. Where do you want to Land's.

Speaker 4 (23:20):
Tanklaritivavior being have landed.

Speaker 3 (23:23):
We are Kelly Financial Services. Come retire with us.

Speaker 5 (23:27):
Hi, I'm Kelly Kelly from Kelly Financial Services. We may
not be living in the best of times, but we
live in the best of places, America. And I'm reminded
of President Reagan's July fourth speech in nineteen eighty six, with.

Speaker 1 (23:42):
Fellow Americans, it falls to us.

Speaker 3 (23:44):
To keep faith with them.

Speaker 5 (23:46):
He was recalling how two of our greatest founders, Thomas
Jefferson and John Adams, having repaired previous differences, both died
within hours of each other on July the fourth, eighteen
twenty six, fifty years after the declaration of Independence.

Speaker 1 (24:02):
President Reagan went on to say.

Speaker 11 (24:04):
So while it's good to talk about serious things, it's
just as important and just as American to have some
fun l for celebration to begin, so on this fourth
of July Celebration weekend.

Speaker 5 (24:18):
Kelly Financial are proud to have served the people of
Greater Boston for over twenty two years.

Speaker 1 (24:23):
We're Kelly Financial. Come retire with.

Speaker 4 (24:26):
Us the money wrapped with Kelly Financial Advisors Greg Murray
and Mary Madeline Kelly.

Speaker 1 (24:36):
Good morning.

Speaker 12 (24:36):
This is Greg Murray, Senior vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our wealth advisors.

Speaker 1 (24:44):
How are you doing today? Good morning, Greg.

Speaker 13 (24:47):
I am doing great, still getting back into the swing
of things since returning from BAMF.

Speaker 1 (24:52):
I am sure about that. How was your trip? It
was fabulous.

Speaker 13 (24:55):
We saw some breathtaking mountains, some crystal clear lakes, and
the cute wildlife. Specifically, we saw these Canadian groundhogs and
we fed them dandelions straight from our hands.

Speaker 1 (25:06):
It was crazy. What's this?

Speaker 12 (25:08):
You go away for five days and you turn into
Disney princesses.

Speaker 1 (25:11):
That's awesome. Congratulations that. I'm happy you had a good time, right,
It really felt like I was in a Disney movie.

Speaker 13 (25:17):
And as much as I would love to keep talking
about all things animals, today, we are digging into something
everyone's feeling. Even though inflation is cooling, everyday life still
feels expensive. So let's unpack why that is and.

Speaker 1 (25:30):
What you can do about it.

Speaker 12 (25:31):
Headlines lately, I've been shouting inflations down to mid two percent,
and that's true. The CPI rose about two point four
percent a year over year in May, with core CPI,
which excludes food and energy, also ticking at two point
eight percent, and the Fed's preferred PCEE gauge shows about
two point one percent in April, slightly cooling from earlier months.

Speaker 13 (25:51):
So on paper, we're near the feds two percent target.
But that doesn't explain why your grocery bill, rent, or
gas still pinch at the checkout.

Speaker 12 (25:59):
Why the connect First, there's a lag effect. Even though
headline inflation has sload prices remain high. Grocery prices, for example,
surge nearly twenty two percent between twenty twenty and late
twenty twenty four, and while the rate of increases load,
those higher base prices are still in your budget.

Speaker 1 (26:15):
Housing is a big one too.

Speaker 13 (26:17):
Shelter costs, rent and housing services are still climbing at
about four percent annually, much higher than the headline inflation.
Leases get set annually, so even if inflation cools, your
rent stays high until it comes up for renewal.

Speaker 12 (26:32):
Right, and let's not forget services inflation. Things like haircuts,
auto repairs, utilities. These are still rising faster than goods
because labor and overhead remains elevated.

Speaker 1 (26:42):
Then there's taraf driven inflation.

Speaker 13 (26:44):
The FED noded tariffs are still feeding into higher prices
for appliances, electronics, and imports, so costs remains sticky.

Speaker 12 (26:52):
Another factor is what some economists call gre inflation, the
idea that companies, especially retailers, use their pricing power to
boost profits during the inflation spikes. It never lowered them fully,
so even if their cost fell, prices didn't follow.

Speaker 13 (27:06):
Psychology plays a role too. After seeing prices double in
two years, consumers are scarred. That's wallet fatigue. Everything hurts
more after shocks, even when worst case numbers fade.

Speaker 1 (27:18):
So the question what can listeners do about it? First?

Speaker 13 (27:21):
Budget awareness. Revisit categories like groceries, utilities, and subscriptions. Most
of your inflation spikes lives there. Next, scale your pace.
Know that things may stay pricey longer than headlines suggest.
Those high costs are baked in. Look for substitution opportunities,
choosing generics, timing your purchases around sales, and stacking loyalty coupons.

Speaker 1 (27:43):
Also lock in certainty.

Speaker 12 (27:45):
Consider fixed rate loans or CdSe now before rates adjust
downward if the Fed starts easing.

Speaker 13 (27:50):
On the planning side, adjust wage expectations for inflation, advocating
for cost of living adjustments, or reevaluating savings goals.

Speaker 12 (27:59):
Finally, emotionally mindful, this persistence is normal even when inflation
is cooling. Acknowledge the fatigue, but remind yourself you're making smart,
informed moves.

Speaker 13 (28:08):
In short, inflation is slowly cooling, but the high cost
of living isn't disappearing overnight.

Speaker 1 (28:14):
It's a gradual reset.

Speaker 12 (28:16):
Managing finances during this transition means being proactive with budgets,
locking in rates, and adopting long term strategies.

Speaker 13 (28:22):
If you want one on one help recalibrating your budget
or Saman's plan around persistent costs.

Speaker 1 (28:28):
Give us a call. We are happy to help. Well, Greg,
that's all I had for today. Thank you for your time,
and I'll see you next week. I have great weekend.

Speaker 4 (28:36):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team called
a eight eight hundred, eighteen eighty one.

Speaker 3 (28:51):
I'm John Boudris and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.

Speaker 7 (29:02):
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 3 (29:15):
Download Kelly Financial's consumer Guide simply called the Value of
an Objective Opinion. With so much ed 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

(29:38):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 7 (29:42):
Ladies and gentlemen, sort fact from fiction.

Speaker 3 (29:45):
We are Kelly Financial Services. Come retire with.

Speaker 4 (29:48):
Us safe money strategies with John Fordris and Kelly Kelly.
Call the team on eight eight eight hundred, eighteen eighty
one care.

Speaker 1 (30:04):
And we're back.

Speaker 2 (30:05):
Hey, folks, it's me William Kelly Junior, filling in for
my good friend John Boudris. Welcome to the Safe Money
Strategy Show. And while I'm working at the firm this year,
I'm lucky to be learning from one of the best
in the business, my mom and our CEO, Kelly Kelly.

Speaker 1 (30:19):
How are you doing, Mom? I'm doing great, William.

Speaker 5 (30:22):
I'm so happy to be here with you on this
Saturday morning, and again, thank you for helping out.

Speaker 2 (30:28):
Oh, you're welcome. I'm really enjoying myself. So would you
say where retiree chooses to live matters? Definitely good because
today's show is about the tax friend these states for
people's retirement income.

Speaker 5 (30:39):
This is a very important topic, William. Sometimes people don't
think enough about where they live and how their state's
tax structure can't affect their retirement income. Unfortunately, even if
they saved enough, sometimes the wrong tax situation could eat
into their lifestyle.

Speaker 2 (30:58):
Well that's not good. Let's start with the basics. Why
does state taxes matter so much in retirement? It comes
down to predictability. In retirement, income is typically fixed or
semi fixed. No one is getting raises every year.

Speaker 5 (31:14):
If a state takes a big bite out of a pension,
social security or investment income, that means less money for
essentials like healthcare, travel, and even groceries.

Speaker 2 (31:27):
So could a retiree in a high tax state end
up with a very different lifestyle than someone in a
low tax date.

Speaker 5 (31:33):
Even if they save the same amount they can it's
not just what they saved, but what they can keep.
And beyond income tax there are hidden costs like sales
taxes and property taxes that quietly add up. The right
state can stretch a retiree's money, while the wrong one
can quietly drain it.

Speaker 2 (31:55):
Do retirees not think about taxes when they dream of
sunny places and moving closer to the grandkids.

Speaker 5 (32:00):
Sometimes it's easy to overlook, but it should be a
top consideration.

Speaker 2 (32:05):
All right, So let's talk about the all stars. What
are the top five tax friendly states for retirees?

Speaker 1 (32:12):
As you might have guessed, Florida leads the list.

Speaker 5 (32:15):
No state income tax, no tax on retirement income, and
no estate tax or inheritance tax. Plus they have strong
homestead protections.

Speaker 9 (32:26):
Yeah.

Speaker 2 (32:26):
I hear a lot of people talk about Florida, but
I didn't realize it checks so many financial boxes.

Speaker 1 (32:31):
It does.

Speaker 5 (32:32):
There's also Wyoming and South Dakota both have no income tax,
low sales tax, and are physically responsible. Nevada also has
no income tax and decent property tax rates.

Speaker 2 (32:45):
Wait, there aren't just warm weather picks. Wyoming and South
Dakota aren't exactly beach towns. That is true, William. Tax
friendliness isn't just about palm trees. It's about keeping more
of what folks have earned. Okay, flip the coin, mom,
what are some states retireing should look out for?

Speaker 5 (33:04):
Well, William, California and New York often top the list.
They tax most forms of retirement income. They have high
income tax rates and expensive property taxes. The cost of
living is just plain high. But a lot of people
love those states for so many reasons. True, we'd never
tell someone to move just for the taxes, but it's

(33:26):
important to understand the financial trade offs. A retiree with
eighty thousand dollars of income may pay six thousand dollars
more in taxes per year in New York than in Florida.

Speaker 1 (33:39):
Wow, that's like a vacation every year exactly.

Speaker 5 (33:43):
Or it could cover medical expenses or help grandkids that
six thousand dollars means something in retirement.

Speaker 2 (33:51):
Okay, so let's say someone's getting serious about retiring soon.
What's the checklist for evaluating their state or a move.

Speaker 5 (33:57):
I'd say start with their current income sources like pensions,
social Security and IRA withdrawals. Then check how their state
taxes each of those. Then factor in property taxes, sales tax,
and even healthcare cost.

Speaker 1 (34:13):
So this isn't just about taxes, is it.

Speaker 5 (34:14):
No, they should not forget those things that are intangible.
What's their proximity to family, Do they like the climate,
Will they have access to good doctors and save neighborhoods.
They will want their money to last, but will also
want a full life.

Speaker 1 (34:31):
This is in one size fits all. Huh, not at all.

Speaker 5 (34:34):
That's why our Kelly advisors sit down with clients and
run the numbers before they pack their bags.

Speaker 2 (34:40):
So tell our listeners what happens if they walk into
Kelly Financial Services and say, I'm thinking about moving to
Florida or Tennessee to save on taxes.

Speaker 5 (34:48):
Our job is to bring the full financial picture into focus.
A lot of people see an article ranking tax friendly
states and think let's go. But we ask the questions
they have not considered questions like how will moving affect
their Medicare premiums or their a state plan, or even
their budget. Since we have several partners who are tax professionals,

(35:12):
we can recommend someone who can help model scenarios.

Speaker 2 (35:16):
It's a team effort financial planners, tax professionals, and even
estate planning attorneys.

Speaker 1 (35:21):
That's right. At Kelly Financial.

Speaker 5 (35:23):
We help clients run the numbers on staying versus relocating.
That clarity brings peace of mind, so our clients aren't
making decisions in the dark.

Speaker 1 (35:33):
We understand both the numbers and the lifestyle. We really do, Mom.

Speaker 2 (35:38):
Okay, we've talked about how where these folks live can
dramatically impact how far their retirement dollars stretch. If our
listeners are interested in reading more about smart tax strategies,
do we have a resource you recommend we do?

Speaker 5 (35:50):
Our free investor guide Take Charge of Your Taxes Knowledge
you Need for proactive planning has a section on state
and local taxes that is quite useful. This resource explains
other itemized deductions folks should consider.

Speaker 1 (36:06):
That sounds good.

Speaker 2 (36:07):
Thank you, Mom, to get this guy to make a
complimentary appointment with a Kelly Financial advisor called eighty eight
eight hundred and twenty eight a one or email Kelly
at Kelly Financial dot org. That's all the time we
have for now. Thanks so much for joining me. William
Kelly Junior in for John Budris. When we come back,
we'll talk about what actually gets taxed and retirement, your pension,
your social security, your house, and even what you leave behind.

(36:31):
You're listening to Safe Money Strategies the radio show heard
right here on WRKO and streaming on the iHeart app.
We're in our twentieth year of broadcasting, so thank you
for tuning in, Stay tuned, and we'll.

Speaker 1 (36:40):
Be back in just a moment.

Speaker 4 (36:46):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one. Well
visit Kelly Financial dot org.

Speaker 3 (36:57):
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 eighteen

(37:20):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.

Speaker 4 (37:27):
Save money Strategy with John Budris and Kelly Kelly. Call
the team on eight eight eight hundred eighteen eighty one.

Speaker 1 (37:36):
Care and we're back.

Speaker 2 (37:43):
Hey, folks, it's me William Kelly Junior, filling in for
my good friend John Boudris. I'm here with someone you'll recognize,
my mom, Kelly Kelly, the CEO at Kelly Financial Services.

Speaker 1 (37:52):
Hello again, Mom, Hello.

Speaker 5 (37:54):
Again, William. I'm so happy to be back with you
on this Saturday morning and always good to have you
on the stepping in for John. Is teaching me the
ropes here on the show. Even though we have our
own segment, this part is a little different.

Speaker 1 (38:06):
You're doing a great job, honey. Thanks Mom.

Speaker 2 (38:08):
So we started earlier talking about the best and the
worst states for tax planning. Now we want to talk
about what exactly gets taxed.

Speaker 5 (38:15):
Actually is a topic that surprises a lot of people.
Many folks may not know how much of their retirement
income gets taxed and who's taxing it.

Speaker 2 (38:25):
Yeah, folks may be asking the question, I retired, why
am I still paying so much in taxes? So Let's
start with the big bucket retirement income. What do states
typically tax when it comes to things like pensions and
for a one case that's a big.

Speaker 1 (38:38):
One for sure.

Speaker 5 (38:39):
Pensions for a one, KS and IRA distributions are taxed
as ordinary income by the federal government, but at the
state level it varies. What do you mean, Well, some
states tax at fully, some partially, and a few not
at all. Pennsylvania, for example, exempts retirement inc including pensions

(39:02):
and IRA withdrawals for residents over fifty.

Speaker 1 (39:05):
Nine and a half, and that's huge.

Speaker 5 (39:08):
On the other hand, California and Vermont tax most retirement
income just like wages.

Speaker 2 (39:15):
So if you've worked forty years and built a good
retirement fund, where you live could determine how much of
that you actually get to keep it?

Speaker 5 (39:21):
Can people can lose thousands each year to state taxes
over a twenty five year retirement.

Speaker 1 (39:28):
That adds up to a lot of money. Okay, So
what about Social Security?

Speaker 5 (39:32):
Is that tax two At the federal level, up to
eighty five percent of Social Security can be taxable depending
on income, But when it comes to state taxes, it
also depends on where folks.

Speaker 2 (39:44):
Live, so not every state taxes Social security correct.

Speaker 5 (39:49):
In fact, most don't, but eleven states still do in
some form, like Colorado, New Mexico, and Kansas, even though
they often have income based exemptions.

Speaker 2 (40:02):
If a retiree is in a lower income bracket, can
they avoid that tax even in one of those states?

Speaker 1 (40:07):
Yes, but they still.

Speaker 5 (40:08):
Need to plan the rules change, so it's important that
other income sources don't push them over the line.

Speaker 2 (40:15):
Okay, So it's not just a yes or a no.
It could be a maybe depending on their full financial
picture exactly.

Speaker 1 (40:21):
That's why personalized tax planning matters.

Speaker 2 (40:24):
Okay, So let's talk about property taxes. Earlier, you said
this could be one of the most overlooked cost and retirement.

Speaker 1 (40:31):
It really is.

Speaker 5 (40:32):
People can retire to a no income state like Texas,
but if their property taxes are to say, twelve thousand
a year, that's a huge hint to their retirement budget.

Speaker 1 (40:42):
So what can older homeowners do.

Speaker 5 (40:44):
That's where homestead exemptions and senior freezes come in.

Speaker 1 (40:48):
What are those?

Speaker 5 (40:49):
A homestead exemption lowers the taxable value of a primary residence.
For example, someone might be taxed on two hundred thousand
instead of two hundred fifty thousand.

Speaker 1 (41:01):
And what about the freeze. What does that do?

Speaker 5 (41:03):
A senior freeze locks in a tax rate. Some states
allow for freezing a property's assessed value once folks hit
a certain age or income threshold, so it can't increase
even if property values go up.

Speaker 1 (41:18):
Are these automatic? No, they are not.

Speaker 5 (41:20):
Most require homeowners to apply with their assessor's office. Is
something a lot of seniors miss, but it can mean
thousands in savings.

Speaker 2 (41:30):
All right, mom, I know we don't like to think
about this, but let's talk about a state and inheritance taxes.

Speaker 5 (41:36):
You're right, William, is not fun, but is critical. Only
twelve states plus DC still impose a state or inheritance taxes,
but if anyone lives in one of them, the impact
can be significant.

Speaker 2 (41:50):
So for our listeners, can you explain what the difference
is between an estate tax and an inheritance tax?

Speaker 5 (41:56):
Sure, and a state tax is taken out of someone's
total estate before it has passed to their heirs, and
inheritance tax is what their heirs pay individually based on
what they receive.

Speaker 1 (42:09):
And what you're saying is that someone can live in
a stake with both.

Speaker 5 (42:12):
Only one Maryland is the only state that has both.
In some states, the exemption threshold is as low as
one million dollars, So a modest home and a retirement
account can trigger taxes.

Speaker 1 (42:26):
Which means this isn't just a wealthy person's problem. Good point, William.

Speaker 5 (42:30):
If folks worked hard, saved well, and want to leave
something behind, this is something to plan around.

Speaker 1 (42:38):
Okay, let's wrap this up.

Speaker 2 (42:40):
You've talked about income tax, social security, property tax, and
a state tax. It's a lot. How does a financial
advisor help people make sense of all of this?

Speaker 5 (42:49):
At Kelly Financial Services, our role is to take the
whole puzzle and help people see how the pieces fit together.
We don't just look at one tax, We look at
all of them in the context of our clients' income,
lifestyle goals, and legacy.

Speaker 2 (43:07):
So if someone's on the fence about staying in their
state or moving because they need more information about tax strategy,
what do you recommend.

Speaker 5 (43:14):
Pick up our free investor guide Take Charge of your
taxas knowledge you need for proactive planning. It outlines important
information about tax policies, tax brackets, local tax impacts, and
what itemized deductions make sense.

Speaker 1 (43:30):
It sounds like tax planning is really life planning.

Speaker 2 (43:33):
To get this guide and make a complimentary appointment with
a Kelly Financial Advisor. Call eighty eight eight hundred and
one eighty one or email Kelly at Kellyfinancial dot org.
That's all the time we have for now. Thanks so
much for joining me. William Kelly Junior in for John Boutris.
You're listening to Safe Money Strategies, the radio show heard
right here on WRKO and streaming on the iHeart app.

(43:54):
We're in our twentieth year of broadcasting, so thank you
for tuning in, Stay tuned, and we'll be back in
just a moment.

Speaker 5 (44:02):
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 and

(44:24):
eighteen eighty one or email Kelly at Kellyfinancial dot org.

Speaker 1 (44:28):
We're Kelly Financial. Come retire with us. Welcome back.

Speaker 9 (44:37):
In honor of Independence Day weekend, we're talking about your
personal financial freedom and how you can start building it today.

Speaker 10 (44:44):
Think of this as your personal declaration of independence. You
don't need permission to take control of your financial life.

Speaker 1 (44:52):
You just need a plan.

Speaker 9 (44:53):
And whether you're starting fresh or fine tuning what you
already have, every step forward counts.

Speaker 10 (45:00):
Let's break it down by decade, because the right strategy
depends on where you are in life. In your thirties
and forties, time is your biggest asset. Save early and
let compounding do the heavy lifting.

Speaker 9 (45:14):
Even if you can only save a little, just start
Use your four oh one K match if you have one.
Automate your savings, avoid lifestyle creep as your income goes up.
Increase your savings, not just your spending.

Speaker 10 (45:28):
In your fifties, now it's time to accelerate, max out
retirement contributions, pay down outstanding debt, and do a detailed
retirement projection.

Speaker 1 (45:40):
We call this your pre retirement runway.

Speaker 9 (45:43):
You've got time to adjust your strategy if needed, but
the clock is ticking in.

Speaker 10 (45:48):
Your sixties and beyond. Now we're focused on distribution and preservation.
It's not just what you've saved, it's how you use it.
When should you take social secure? What is the right
withdrawal strategy? How do you minimize taxes along the way.
We guide clients through these questions every day, and we

(46:10):
tailor the answers to each family's goals.

Speaker 9 (46:13):
Let's revisit something essential. Who's giving you advice and how
are they compensated. At Kelly Financial Services, we act as
a fiduciary. That means we are bound legally and ethically
to act in your best interest. We don't receive commissions
from investment products and our advisors our salaried employees.

Speaker 10 (46:33):
We do offer insurance strategies like life annuities and long
term care, and those may pay a commission to the firm,
but those commissions do not go to the individual advisor.
So when we recommend something, it's because it fits your needs,
not ours. We believe in full transparency. It's the only
way to build real trust, and.

Speaker 9 (46:55):
That's the foundation of everything we do at Kelly Financial
Financial independence doesn't always mean quitting work.

Speaker 1 (47:01):
It means you don't have to work.

Speaker 10 (47:04):
Maybe you want to consult, volunteer, help with the grandkids,
or write a book. When you're financially independent, you have.

Speaker 1 (47:12):
Got options and options of freedom. That's what we want
for every client we work with.

Speaker 10 (47:17):
As this Independence Day weekend wraps up, ask yourself, am
I financially free? If not, what's one step I can
take this week to move closer.

Speaker 9 (47:29):
Maybe it's sitting down to track your expenses, Maybe it's
reviewing you for one K, or maybe it's making that
call to start your retirement plan.

Speaker 10 (47:38):
We invite you to visit us at Kelly Financial dot
org or call us on the phone to schedule a
complimentary consultation. Let's talk about your goals and how to
get there. Have a safe and happy July fourth weekend.

Speaker 9 (47:52):
With that of Greg Workman, and I might two said
we'll see you next time on safe money strategies.

Speaker 8 (48:02):
Joining us now is the president CeAl, co founder of
Kelly Financial Services, and yes, that is her wonderful.

Speaker 1 (48:13):
Name, Kelly Kelly Kelly, How are you? Good morning, Jeff?
I am good.

Speaker 5 (48:22):
Let me ask you something. Are you paying more in
retirement taxes than you should? If you're not sure, you're
not alone. Between shifting tax brackets, disappearing deductions, and the
impact of where you live, it's easy to overlook how
much of your savings is going to taxes in retirement.
That's exactly why we created a free investor guide called

(48:45):
Take Charge of Your taxes knowledge you need for proactive planning.
It walks you through real strategies around state and local taxes,
today's brackets, and how your deductions or lack of them,
might be affecting your income. At Kelly Financial Services, we
work closely with tax professionals and estate planning attorneys to

(49:07):
help make sure your money works for you, not just
the irs. Smart tax planning isn't just good advice is
essential to a secure retirement. To get your free copy
or to speak with one of our Kelly advisors, just
call us or email us at Kelly at Kellyfinancial dot org. Jeff,

(49:28):
have a wonderful weekend, my best, Grace and the kiddos,
and happy fourth of July.

Speaker 8 (49:34):
Kelly, have a wonderful fourth of July. I want to
thank you for all the support you've given the Kooner
Report and you are a wonderful great patriot.

Speaker 1 (49:43):
All the best to you and everyone at Kelly Financial.

Speaker 8 (49:46):
Okay, the number to call for Kelly Financial if you need,
in fact set up a free retirement consultation, and I
urge all of you to do it. Call eight eight
eight eight hundred eighteen eighty one eight eight eight eight
hundred eighteen eighty one, or you can actually email Kelly
Kelly directly Kelly at Kellyfinancial dot org. Kelly at Kelly

(50:08):
Financial dot org.

Speaker 4 (50:16):
Safe Money Strategies eight eight hundred one eight eight one.

Speaker 7 (50:25):
So I found a copy of the Boy Scout Handbook.
It's over one hundred years old, and just going through
the laws that they had when they created the Boy
Scouts of America, and maybe on this Fourth of July weekend,
some of these laws could apply to all Americans, including
our politicians. They wanted Scouts to be up to date

(50:48):
back in nineteen eleven. Those were a scout being trustworthy.
A Scout's honor is to be trusted, it says here
in the manual. If he were to violate his honor
by telling a lie, cheating, or not doing a given
task when trusted on his honor, he may be directed
to hand over his Scout badge. The loyalty. A scout

(51:10):
is loyal. He is loyal to all to whom loyalty
is due, his Scout leader, his home, his parents, his God,
and his country. A scout is helpful. He must be
prepared at any time to save a life, help an
injured person, share duties, around the house. Do at least
one good turn for someone every day. Number four. A

(51:34):
scout is friendly. This is from nineteen eleven. He's a
friend to all and a brother to every other scout.
A scout is courteous. He is polite to all, especially
to women, children, old folks, and the weak and helpless.
He must not take money for being helpful or courteous.
I like that.

Speaker 1 (51:53):
A scout is kind. Number six. A friend to animals.
Will will not kill or hurt.

Speaker 7 (52:01):
A living creature needlessly, but he will strive to save
and protect all harmless life. A scout is obedient. He
obeys his parents, scout master, and all constituted authorities. A
scout is cheerful Number eight. He smiles whenever he can.
His obedience to others is prompt and cheery. He never shirks,

(52:23):
grumbles or complaints at hardships. Sounds like our military today,
the young men and women that serve the country.

Speaker 4 (52:30):
They do that.

Speaker 7 (52:31):
I think that's why we admire them. A scout is thrifty.
He will not wantonly destroy property. He works faithfully, does
not waste, makes the best use of opportunities, saves his money,
pays his own way. He is generous to those in need,
and helpful to worthy objectives. He may work for pay,

(52:54):
but he may not receive tips or money for courtesies
or good turns. A scout is brave when we know
we have a lot of brave men and women in
our service to our country, starting right with the Boston
Police and heading out to the State Police and onto
our National Guard and our military. He has the courage

(53:16):
to face danger in spite of fear, and has to
stand up for the right against the coaxings of friends
and the jeers or threats of enemies, and defeat does
not hold him down. What is brave knowing that what
you're doing might be dangerous ladies and gentlemen, and being afraid,
but doing it anyway. A scout is clean. That's pretty simple,

(53:40):
isn't it? From nineteen eleven. He keeps clean in body
and thought, stands for clean speech, clean sport, clean habits,
and travels with a clean crowd. There you go, ladies
and gentlemen. Don't walk around with your pants on the ground,
as the man says, as my daughter saying. And a

(54:01):
scout is reverent, so he is reverent toward God. He
is faithful in his religious duties and respects the convictions
of others in matters of customs and religion. So basically,
you can wrap it all up reverent. I am reverent
to the extent that I worship God and I love Christ.

(54:21):
But I'm not perfect. I've had a lot of troubles
in my life. I've overcome them, and I'm very grateful
that i have overcome them, but only with the help
of God, not through any perfection of me of myself.
So we could run this entire nation by using the
boy Scout Code, the Code of Honor, and we'd be

(54:42):
doing a pretty good job if we did.

Speaker 1 (54:44):
Only that.

Speaker 7 (54:45):
I think the Code of Honor is always good, from
when we're a small child to when we're getting ready
to meet our maker.

Speaker 1 (54:52):
It's good to have a code of honor.

Speaker 7 (54:54):
But I just came across this book last week and
I decided i'd present some of it to you, just
to remember the way things were back when it was
great to be a square ladies and gentlemen.

Speaker 1 (55:04):
It was okay, and people were admired for virtue.

Speaker 4 (55:19):
We'll call Kelly Financial Services eight eight eight eight hundred
eighteen eighty one.

Speaker 1 (55:24):
I'm Kelly Kelly from Kelly Financial.

Speaker 5 (55:27):
Whether you're in your sixties, seventies, or eighties, financial advice
is important when it comes to preserving your nest egg.
We have a free investor guide called designing your Fiscal
House to Weather the Elements, which highlights the steps needed
to build a balanced portfolio. For the guide, call eight
eight eight eight hundred eighteen eighty one or email Kelly

(55:49):
at Kellyfinancial dot org.

Speaker 1 (55:51):
We're Kelly Financial.

Speaker 4 (55:53):
Come retire with us senior safe money Strategies with John
Boudris and Kelly Kelly eight eight eight eight hundred one
eight eight one.

Speaker 3 (56:03):
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

(56:25):
maybe helping out with your grandchildren's college. See if financial
advisor isn't only about the stock market. That's only a
portion of the job description, and in the end you'll
be amazed at how very small adjustments over time can
have enormous results when it's time to retire. In fact,
these adjustments can be the difference of when you can retire,
or in some cases, whether you can retire at all.

(56:46):
So call us at eight eight eight eight hundred eighteen
eighty one or visit us at Kellyfinancial dot org and
raise a toast to your financial future. Eight eight eight
eight hundred eighteen eighty one. Kelly Financial Services with offices
in Braintree and Burlington. Hurry, we see you next week.

Speaker 2 (57:04):
All opinions expressed by the host, his guests, or employees
of Kelly Financial Services are solely their own and do
not reflect the opinions of Kelly Financial Services.

Speaker 3 (57:10):
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. It is always
advisable to consult a professional before making a financial decision.

Speaker 2 (57:22):
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.

Speaker 3 (57:30):
Kelly has waived 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,