Kelly Financial: Saturday, July 26, 2025

Episode Transcript

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

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

(00:41):
Dad launched Safe Money Strategies on WRKO as a no
nonsense call in radio show focused on common sense planning
and protecting wealth.

Speaker 1 (00:49):
Over the past.

Speaker 2 (00:50):
Two decades, Dad became a pillar in New England finance,
an engineer, turn entrepreneur, author and philanthropist who believed in
giving back and walking the talk. Since two thousand and five,
our show has remained a Saturday morning staple, offering insight
and empowerment. Here at Kelly Financial, we help steward over
seven hundred million dollars across our affiliated business, including more

(01:11):
than five hundred million dollars managed by our sec registered
investment advisory or fiduciary care, and our family first philosophy
guides us on safe money strategies. You'll hear candid conversations
with the team, my mother Kelly, myself, advisors Charlie Gable,
Mike Ducett, Greg Workman, Greg Murray, my sister Mary Madeline,

(01:31):
and Tom Schlager. We live by two rules, never quit
and carry on, and we're here to help you do
the same when it comes to your money. Stick around,
take notes and join the conversation. To learn more or
get our free guides or schedule a consultation, visit Kellyfinancial
dot org or call us at eight eight eight eight
hundred one eight eight one. This is Safe Money Strategies.

(01:53):
Next up Forever Young with Kelly Kelly and myself William
Kelly Junior.

Speaker 3 (02:02):
Safe Money Strategies with William Kelly and Kelly Kelly. Called
Kelly Financial on eight eight eight hundred eighteen eighty one
or go to Kellyfinancial dot Org.

Speaker 4 (02:18):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real
conversation the kind you might have around the kitchen table.

Speaker 1 (02:29):
This is part of the show we call Forever Young.

Speaker 4 (02:32):
It's where I sit down with my son William Kelly
Junior and we talk about life, what's going on in
the world, in our family and what really matters most
when you're planning for the future. Sometimes is light, sometimes
is thoughtful, but as always real.

Speaker 1 (02:48):
Good morning, William, how are you? Good morning Mom? I
am very well. Thank you for asking, and it's very
good to be here together.

Speaker 2 (02:55):
We had very good friends family come over actually, and
they are friends, but they're blood relatives of mine and
we have not seen them in to be honest, probably
about ten years. And it took a funeral, yes it
did so. Our lovely and heavenly aunt Pat. Aunt Pat
had passed away and at a funeral, I haven't seen

(03:18):
these people in a minimum of eight years. And Michael Junior,
my uncle's son, we just started to get to talking
and he told me a bit about Dad and about
his relationship with Dad back in the eighties.

Speaker 1 (03:30):
He said Bill was like a brother of me.

Speaker 2 (03:32):
He said Bill, I worked for Bill at Viking Technology
in the eighties.

Speaker 1 (03:38):
He was my boss. And he just told me of
the little things.

Speaker 2 (03:41):
He said, I was sixteen years old, your dad was
probably about thirty, and he just telling me all these
incredible stories about Dad.

Speaker 1 (03:48):
Ladies and gentlemen.

Speaker 2 (03:49):
My dad owned a hair salon and it was called
Bill Kelly's hair salon ladies and gentlemen.

Speaker 1 (03:55):
Mom and I were just after that was a fun
fact we did not know about.

Speaker 2 (03:59):
Now, I can't say we're not surprised, and I'll give
you context there, but we were just dumbfounded. But when
we first moved to our town years ago, you know,
Mom had an old hairstylist that she had been going
to and was used to going to. And obviously now
that we're in this new town, that person was way
too far away, as you could probably assume.

Speaker 1 (04:20):
So Mom didn't like change. She didn't want to change.

Speaker 2 (04:22):
She was willing to drive enough over an hour to
see this hairstylist.

Speaker 1 (04:28):
Very a lot of loyalty out of that. I respect that.

Speaker 2 (04:31):
But there's this woman who lived or didn't live, but
her place of work, her business was right up the street.
And so Dad decided to do the research. He goes in,
asks the lady said, you know, Dad's wearing his white
button down shirt, khaki pants, beelt everything, the whole fit.
And he asked the lady who owned the place and said,

(04:54):
what colors.

Speaker 1 (04:55):
Do you guys use?

Speaker 2 (04:56):
You know how long you've been open, and just asking
all these very detailed questions that a husband should know
to ask, you know, like very suspicious, and it makes
a lot of sense because eventually he pushed.

Speaker 1 (05:10):
You to go there.

Speaker 4 (05:10):
And the owner was very impressed because she had never
had a husband come in and she just remembers.

Speaker 1 (05:18):
Exactly how he was dressed.

Speaker 4 (05:19):
And he was so respectful and so interested, and he
explained about me and I, you know, I'm not quick
to change. And he wanted to know about the type
of colors she used, and you know, and all these details,
and he just she was impressed. He took the time
and asked all these questions. So he said, I can't

(05:41):
make any promises, but if we could schedule my wife
in and she said, I'll do a consultation with just
a wash and a blow dry, and a consultation had
no charge. And so he comes home and gives me
the brochure and I said, Bill, I am all set.

Speaker 1 (05:58):
I do not need an appointment with someone different.

Speaker 4 (06:01):
And so he said, it's your choice, but the pointment
is this day, and you know, I would really like it.
I think you would like her and you would like
the process she uses. And so I went and I've
been going to her since I haven't gone to anyone else.

Speaker 1 (06:18):
So she loves telling that story. It is a great story. Yeah. Yeah,
and he did a great job. Yes he did.

Speaker 2 (06:24):
But if I've been happy if he never owned Bill
Kelly's hair salon, we will.

Speaker 1 (06:28):
I know we do that. When we were told this information,
we're thinking.

Speaker 2 (06:33):
Okay, yeah, that's my dad for you. You just would
do anything, any kind of business endeavor. If he felt
like it was solving a problem or it will be
a good, good company, he would just started up. So yeah,
it was good seeing family again. And sometimes funerals can
bring family together. That's a beautiful thing about funerals exactly.

Speaker 4 (06:53):
Yes, when you are showing respect and celebrating someone's life
and then you see friends, family and.

Speaker 1 (07:03):
I haven't seen it forever.

Speaker 4 (07:04):
Yes, yeah, So so that we had a cookout and
it was nice to see them.

Speaker 1 (07:11):
It's been some time with them. That was nice. It
was so ladies and gentlemen.

Speaker 2 (07:16):
We've also had a new habit introduced into our life,
and that's swimming. We're very blessed and fortunate enough to
have a pool and I think we use it about
every single day and we swim at least an hour
at our own respective times throughout the day and we
get a lot of exercise done. Now, Mom was the
first person to really kind of get into swimming and

(07:37):
to you know, make it a habit. Every single summer
once the pools was opened up again, Mom would just
just hit the pool.

Speaker 1 (07:44):
Yeah.

Speaker 4 (07:44):
I think I had really got serious about it. It
has been at least ten years, okay, and I think
it was before Mary Madlin was in college.

Speaker 1 (07:54):
Yeah. Yeah, I mean you as was more than ten
years ago.

Speaker 2 (07:58):
Yeah, You've always been a serious but it was like
ten years ago you really started to focus in on it.

Speaker 1 (08:04):
Yeah. Typically I do it at night and it helps
me sleep.

Speaker 4 (08:09):
And they say that swimming is one of the exercises
that is really the best on your body.

Speaker 1 (08:17):
That's true, right, yes, because it does not put any
stress on your joints, No, it does not.

Speaker 2 (08:23):
Does it helps your cardiovascular health a lot, and you
don't get exhausted as easily as you would walking along
calories you burn or running a long pace and yes,
you burn in one hour. In one hour, think about it.
I'm a young man, so you need to think that
I burnt a lot more calories than a grown adult wood.
So for me, I probably burn about twelve hundred calories. Wow,

(08:47):
two hours, maybe six eight hundred.

Speaker 1 (08:51):
Is that I that? I'm like around seven hundred.

Speaker 2 (08:53):
That's incredible. Yeah, it's pretty awesome. You can shut off
a lot of calories just from casual swim it. You
don't have to take a cry.

Speaker 4 (09:01):
It is almost like I think swimming is like it's
like a reset button for the brain, you know, because
it reduces stress, anxiety, symptoms of depression, you know.

Speaker 1 (09:13):
That type of thing. So it's like a like a
positive Why are you smiling because you did your research?
Research got you. That's a good thing. I love doing
these segments with you. Will ya me too? It's always great.

Speaker 5 (09:31):
Yeah, the pool's been the big thing this week. Yeah,
it's it's really changed for summer. It's like relaxing.

Speaker 2 (09:38):
It's refreshing, you know, and just jump in have fun
ladies and gentlemen and just you don't you don't even have.

Speaker 1 (09:45):
To like like freestyle back and forth.

Speaker 2 (09:47):
You can just get a beach fall and throw it
around some friends, or just swim back.

Speaker 4 (09:51):
Or throw the ball like for your dog, and your
dog gets more steps.

Speaker 2 (09:57):
So what I do is I take an empty bottle,
I fill it with water, and then I put the
cap on. I throw it to the end of the pool,
and then what I'll do is I'll swim underwater and
I have to catch the bottle before it touches the bottom.

Speaker 1 (10:09):
That's fast. Yeah, you have to be a little You're
fast out there. I see you sometimes, thank you.

Speaker 6 (10:15):
Yeah.

Speaker 2 (10:15):
So it's fun and it also helps build your CO
two tolerance so you can hold your breath longer. It's
always fun and you burn more calories swimming underwater. But still,
ladies and gentlemen, do it safely. Swim safely. Absolutely, you know,
if you don't know how to swim, we recommend you learn.
It's never ever too late, never too late. And the
ladies and gentlemen, if the temperature of the water bothers

(10:36):
you get a wet suit.

Speaker 1 (10:39):
That will help a lot. A wet suit will keep
you mostly warm. I do that when it gets cool, exactly.
Know that I like the cold water. I just I
don't like the cold water.

Speaker 4 (10:48):
So if it's cold, I've got at least the top
of the wet suit on.

Speaker 1 (10:52):
Yeah, that helps me. Yeah. So there you have, ladies
and gentlemen.

Speaker 2 (10:56):
That's our thoughts on swimming, and on family and on
my dad's hair.

Speaker 1 (11:02):
Salon, so thank you for listening. Do keep us on
your dial.

Speaker 4 (11:06):
We have a lot of great information coming your way.
Mike du Satt and Greg Workman will be talking about
the value of patients in long term investing and why
smart investors stay focused on the big picture, not the
short term ups and downs.

Speaker 1 (11:22):
Mary, Maddeline Kelly and Greg Murray.

Speaker 4 (11:24):
We'll take a closer look at the classic four percent
retirement rule, what it means, how it's changed, and why
a flexible plan might be the smartest move for today's retirees.

Speaker 1 (11:35):
I'll be back with.

Speaker 4 (11:36):
William for a practical conversation on how today's choice is
shape tomorrow's freedom financially and personally. It's all about making smart,
lasting decisions for a more confident future. And of course
we'll have some wit and wisdom from the late Bill
Kelly at the end of the hour. His words continue

(11:56):
to guide us. William, thank you for chatting with me.

Speaker 2 (12:00):
It was an absolute pleasure, Mom, and I look forward
to talking to you next Saturday.

Speaker 4 (12:04):
I love you, Honey, love you too.

Speaker 7 (12:12):
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 6 (12:23):
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 7 (12:38):
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

(12:59):
eight one hundred eighteen eighty one to spend some time
with one of our financial advisors.

Speaker 6 (13:05):
Time, ladies and gentlemen, it's not too late.

Speaker 7 (13:07):
We are Kelly Financial. Come retire with.

Speaker 3 (13:10):
Us safe money strategies brought to you by Kelly Financial Services.
Called eight eight eight eight hundred eighteen eighty one. We'll
go to Kelly Financial dot Org. Come retire with us. Okay,
my friends, let me ask you.

Speaker 8 (13:30):
Are you ready for retirement or are you just hoping
it's all gonna work out.

Speaker 9 (13:36):
You've worked hard.

Speaker 8 (13:37):
You've saved up maybe built a solid four oh one k,
but now you're staring down rising taxes, inflation, healthcare costs,
and asking will mind money actually last? Well, here's the deal.
The team at Kelly Financial has or back. They've put
together a free investor guide. It's called Your Retirement Income

(13:58):
Planning Checklist, and it's exactly what smart retirees need to
stop guessing and start planning.

Speaker 9 (14:05):
This thing is packed.

Speaker 8 (14:06):
It covers social security strategies, long term care, how to
protect your income, and how to work with a fiduciary
advisor to build a plan that fits for you and
your lifestyle. If you're typing up your summer budget or
thinking long term, this guide is a must. So to
get a free copy, call eight eight eight eight hundred

(14:28):
eighteen eighty one eight eight eight eight hundred eighteen eighty
one or email Kelly at Kelly Financial dot org.

Speaker 9 (14:36):
Kelly at Kelly Financial dot org.

Speaker 10 (14:43):
Hello, I Mike two, said, chief operating officer at Kelly
Financial Services, and I am joined today by one of
the investment advisors on our team, Greg Workman.

Speaker 1 (14:52):
Hello. Greg, Hi, Mike. Great to be here with you
and our listeners.

Speaker 10 (14:55):
If you are looking for a clear, honest, guidance on
how to protect I grow your money without all the noise.

Speaker 1 (15:01):
This is the show for you.

Speaker 11 (15:02):
There's a lot of uncertainty in today's financial markets, and
our goal is to provide you with smart, practical strategies
to help you keep your money safe and working hard
for you. Today's topic investing for the long run and
the value of patients when investing.

Speaker 10 (15:19):
Let's start off with a cautionary tale. Take a moment
to slow down and picture this scenario. Imagine that you
had to drive from New York City to Los Angeles.
You're in downtown Manhattan, hopelessly stuck in traffic. Bicycle messengers
a whizzing past. You, jump out of your car, sell
your car on the spot at a ridiculously low price,

(15:41):
buy a bicycle, and continue your trip to the West Coast.
As absurd as this scenario sounds, investors do it every
day when they make short term decisions for long term journeys.

Speaker 11 (15:52):
I'm my own worst enemy when it comes to investing,
Micah know. That's a quote we've heard from many clients
and prospective clients that we've heard over the years.

Speaker 10 (16:00):
When that poor behavior works against investors in many ways.
Examples include chasing short term gains, jumping from one hot
stock to another, or worse, panic selling during market dips,
which locks in losses and oftentimes missing the subsequent rebound.

Speaker 1 (16:15):
Don't take our word for it.

Speaker 10 (16:17):
Studies prove that most of us are hardwired to make
bad investment decisions.

Speaker 11 (16:21):
Case in point, researchers that study behavioral finance have long
known that people feel the pain of a loss about
twice as strongly as the pleasure of a comparable gain.
This phenomenon, called loss aversion, explains why investors often make
irrational financial decisions like avoiding necessary risk or holding on

(16:42):
to losing investments way too long.

Speaker 10 (16:44):
This emotional reaction to loss helps explain why investors often
make impulsive decisions during market downturns.

Speaker 11 (16:51):
You're listening to a radio show about money for a reason.
You're motivated to make smart, informed decisions with your money.
So how do the best investors harness this knowledge of
loss aversion to their advantage.

Speaker 10 (17:03):
The good investors do the following. They plan ahead with
clear rules, setting predetermined by cell targets or using automated
strategy helps reduce emotional impulsive decisions driven by fear of
losses and successful investors focus on the long term, understanding
that short term losses are part of investing. This can
help investors stay calm during dips and avoid panic selling.

Speaker 11 (17:26):
Some of the wisest investors reframe losses as opportunities, viewing
temporary declines in the market as chances to buy quality
assets at discounted levels instead of something to be in
fear of. Disciplined investors limit how often they check their investments.
They reduce portfolio monitoring, which can lessen the emotional impact

(17:46):
of short term fluctuations and prevent rash moves at a loss.

Speaker 10 (17:51):
By recognizing these natural biases, discipline investors can make smarter,
more rational decisions.

Speaker 1 (17:58):
That improve long term results.

Speaker 10 (18:00):
And when it comes to long term results, savvy investors
hold themselves accountable to a benchmark or a targeted return
on their investment.

Speaker 11 (18:07):
I have a single sheet that's laminated that I keep
by my side in almost every client appointment. Vanguard Investments
studied the performance of various mixes of US stocks and
bonds from nineteen twenty six all the way to twenty
twenty three.

Speaker 1 (18:23):
That's over ninety years of data. So what are the
numbers tell us? If you're doing conservative investing.

Speaker 11 (18:28):
Let's say a portfolio made up of thirty percent stock
and seventy percent bonds or fixed income, the average annual
return is just over seven percent. Now, how often during
that time period will you have gains? Roughly eighty four
percent of the time.

Speaker 10 (18:45):
How about something with risk that is more middle of
the road, or call it moderate.

Speaker 11 (18:50):
Yeah, if you're a moderate minded investor that wants to
take in theory half the risk of the s and
P five hundred, with a portfolio made up of fifty
percent stock and fifty percent bonds, the average annual return
shifts a bit higher, to eight percent. How often will
you have gained roughly eighty percent of the time.

Speaker 10 (19:10):
So, had I invested in a portfolio of thirty percent
stock in seventy percent bonds from nineteen twenty six to
twenty twenty three, I'd have positive returns eighty four percent
of the time, and I'd be in the green eighty
percent of the time.

Speaker 1 (19:24):
With a fifty to fifty portfolio.

Speaker 10 (19:26):
Wow, I'll take those odds, and I'm sure a lot
of you listening out there would as well. That is
truly powerful knowledge, and we hope you've enjoyed the first half.

Speaker 1 (19:34):
Of this segment.

Speaker 10 (19:35):
In our next half, we'll talk more about the value
of patients when it comes to investing, what the pros
know and how you can apply this knowledge to your
portfolio for better long term results, more gains in less losses.

Speaker 11 (19:49):
If you're looking for clarity and confidence in your financial future,
we invite you to schedule a complimentary, no pressure consultation
with our team. It's a simple converse to help you
make smarter decisions. No sales pitch, just honest guidance calls
today at Triple eight eight hundred, eighteen eighty one.

Speaker 10 (20:09):
Kelly Financial is a fiduciary in our advisors are salaried,
which means industry commissions don't get in the way of
the right investment advice for you. Once again, our number
is eight eighty eight, eight hundred, eighteen eighty one. We'd
love to hear from you. Let's pause here for a
quick break.

Speaker 3 (20:28):
Kelly Financial Services eight eight hundred, eighteen eighty one.

Speaker 12 (20:34):
I believe that this nation should commit it so achieving.

Speaker 10 (20:37):
The goal of landing a man on the Moon and
returning him safely to the Earth.

Speaker 6 (20:43):
Set five four three two one zero, All engine run.

Speaker 1 (20:51):
What's what's got a follow level.

Speaker 7 (20:54):
Remember those Apollo Moon missions, one of America's greatest adventures
and achievements to 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

(21:14):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kellyfinancial dot org. Where do you
want to land with Tankualitybavior be landed? We are Kelly
Financial Services.

Speaker 3 (21:32):
Come retire with us The Money Wrap with Kelly Financial
Advisors Greg Murray and Mary Madeline Kelly.

Speaker 1 (21:41):
Good morning.

Speaker 13 (21:42):
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. How are you
doing today?

Speaker 14 (21:51):
Good morning, Greg. I am doing great, Thanks for asking.
My half marathon is one week out and I am
getting excited, but also a little I've been on a
training program for the past three months, so I feel confident,
but it's still a daunting task to go out and
run thirteen point one miles, especially in this heat we've
been having.

Speaker 13 (22:10):
I'm impressed with the training you've already been doing, and
I'm happy to see you so passionate about something, especially
something as healthy as running.

Speaker 1 (22:17):
Thank you.

Speaker 14 (22:18):
I took a two year long hiatus since my last half,
so it's been fun getting back into it. I'm also
excited about today's topic because it's one that comes up
constantly with our clients, especially those nearing or already in retirement.
We're talking about the four percent rule, that long standing
rule of thumb for how much you can withdraw from
your retirement accounts each year, and more importantly, is it

(22:40):
still reliable.

Speaker 13 (22:41):
That's a big question for anyone unfamiliar. The four percent
rule comes from a study done in the nineteen nineties.
They i deal is simple. If you wiraw four percent
of your retirement portfolio in your first year and adjust
that number for inflation each year after, you'd have a
high chance of your money out lasting thirty years.

Speaker 8 (22:57):
Right.

Speaker 14 (22:58):
It was based on historical data assuming a sixty to
forty portfolio, which is sixty percent stocks forty percent bonds,
and it became kind of the gold standard for retirement planning.

Speaker 1 (23:09):
But here's the thing.

Speaker 14 (23:10):
Markets have changed bond yields were ultraed low for years,
inflation recently spiked, and people are living.

Speaker 13 (23:16):
Longer exactly, so relying on the four percent rule could
be risky if you're not factoring in today's environment. Some
recent studies have actually suggested three point three percent or
even as low as three percent, might be safer if
you want to reduce the risk about living your money.

Speaker 1 (23:30):
But here's the good news.

Speaker 14 (23:31):
We've been in a period of high interest rates, which
can help, and market returns have generally rebounded in the
past year. So it's not that the four percent rule
is dead. It just needs more of a starting point
than a hard rule.

Speaker 7 (23:43):
That's right.

Speaker 13 (23:43):
We like to say the safe which all rate is personal.
It depends on several key factors. Your retirement timeline, are
you planning twenty or forty years, your portfolio allocation, your
spending needs, and your risk tolerance. Let's give a quick example.
Let's say you've saved one million dollars for retirement. Under
the original four percent rule, you would withdraw forty thousand

(24:04):
dollars in year one and adjust it for inflation each year.
But if you're younger, say retiring at sixty two, instead
of seventy. You might want to reduce that number two
around thirty thousand dollars or thirty five thousand dollars just
to give your portfolio more runway.

Speaker 1 (24:20):
And if you're.

Speaker 13 (24:21):
Retiring later or have guaranteed income sources like a pension
or annuity, you might have more flexibility to stick closer
to that four percent range or even go a little higher,
depending on your needs.

Speaker 14 (24:31):
Another thing to think about is dynamic spending. The four
percent rule assumes you spend the same amount each year,
but that's rarely how real life works. Retirees tend to
spend more in their early years on travel, grandkits, hobbies,
and then slow down later on, which.

Speaker 13 (24:46):
Means building a flexible withdrawal plan can be more realistic
than trying to follow a rigid rule. We can actually
map out higher spending early on, followed by smaller increases
or even declines in later years.

Speaker 14 (24:57):
And don't forget about taxes. If your withdrawals are coming
from a traditional IRA or four oh one K, you'll
owe ordinary income tax that needs to be factored in.
A four percent gross withdrawal might not mean four percent
in your pocket.

Speaker 13 (25:11):
That's why working with an advisor can be helpful. We
can simulate different withdrawal rates under different market conditions, tax scenarios,
and lifestyle changes.

Speaker 14 (25:18):
So for listeners today wondering what to take away from this,
don't treat the four percent rule as gospel. Use it
as a benchmark, not a blueprint, and factor in your
age investment strategy, income sources and flexibility.

Speaker 13 (25:31):
And remember safe withdrawal rates are not static. They can
shift with inflation, interest rates, and market cycles. It's something
you should revisit every year, not just once at retirement.

Speaker 14 (25:40):
Well said, if you're not sure whether your plan is
on track, or if you've never actually run the numbers,
we'd love to help you stress test your withdrawal strategy
and make sure your money lasts as long as.

Speaker 7 (25:50):
You do well.

Speaker 13 (25:51):
That wraps up today's discussion on the evolving four percent rule.

Speaker 1 (25:54):
Thank you all for listening, and we will be back
next week.

Speaker 14 (25:57):
Thank you, Greg, and enjoy the rest of your weekend.

Speaker 3 (25:59):
To get into with Greg Murray or Mary Madeline Kelly
or any member of the Kelly Financial team, call at
eight eight hundred eighteen eighty one.

Speaker 7 (26:12):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill say the wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.

Speaker 6 (26:23):
You can always make money if you have it, 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 7 (26:36):
Download Kelly Financial's Consumer Guide, simply called the Value of
an Objective Opinion with so much Ed's 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

(26:59):
or call A eight eight eight eight hundred and eighteen
eighty one to get the guide.

Speaker 1 (27:03):
Ladies and gentlemen, sort fact from fish.

Speaker 7 (27:05):
We are Kelly Financial Services. Come retire with us.

Speaker 3 (27:11):
Safe money strategies with William Kelly and Kelly Kelly. Call
the team on A eight eight hundred.

Speaker 9 (27:18):
Eighteen eighty one, Thank you, thank.

Speaker 1 (27:25):
And we're back.

Speaker 2 (27:26):
I'm William Kelly Junior and I'm here with my mother,
Kelly Kelly, CEO of Kelly Financial Services.

Speaker 1 (27:32):
And Mom, it's great to have you on another Saturday morning.

Speaker 4 (27:35):
It really is William and to all of you tuning
in on WRKO, thank you for spending part of your
morning with us. Whether you're just discovering our show or
you been following us for years, we're glad you're here.
At Kelly Financial Services, we've been helping families plan for
retirement for over twenty two years, and we've had a

(27:57):
presence right here on WRKO for twenty years, and our
mission to bring trustworthy, down to earth financial guidance remains
the same. Yeah.

Speaker 2 (28:09):
What we do is help people, especially retirees, protect what
they've built, plan with confidence and keep things simple exactly.

Speaker 4 (28:17):
And this morning's topic might seem simple, but is one
of the most overlooked pieces in any financial plan emergency savings.
Whether you're still working or already retired, you need to
have a plan for the unexpected.

Speaker 2 (28:33):
Right because let's be honest, life doesn't stop throwing curveballs
just because you stop working.

Speaker 5 (28:38):
So let's get into it. What is an emergency fund
and why is it so critical? Think of it as
your personal buffer. An emergency fund is money set aside
specifically for unexpected, urgent and necessary expenses. That could mean
medical bills, a major car repair, or a sudden home

(29:00):
issue like a leaky roof. Is not for vacations, is
not for upgrades. It's not for things that can wait.

Speaker 4 (29:08):
This is money that steps in so your bigger financial
plan doesn't fall apart.

Speaker 2 (29:14):
So kind of like a financial pause button. When something unexpected.

Speaker 4 (29:17):
Hits exactly without one, people end up dipping into retirement
savings too early, cashing out investments at the wrong time,
or going into debt. That one surprise expense can throw
off everything.

Speaker 1 (29:31):
So if it's so important, why do so many people
not have one? That's a very good question, William.

Speaker 4 (29:37):
Part of it is that life is just expensive, especially lately,
most people are focused on keeping up with monthly bills.
But I also think a lot of folks get discouraged.
They think, if I can't save thousands right away, why bother.

Speaker 2 (29:54):
Yeah, Like, if you can't save five thousand dollars, saving
fifty dollars feels pointless.

Speaker 1 (29:58):
But that's not true, not at all.

Speaker 4 (30:00):
Starting small builds the habit, even twenty dollars or fifty
dollars a week adds up fast, and more importantly, it
changes how you think. You start to think like a saver.

Speaker 2 (30:14):
Now I've heard you talk about starter funds versus fully
funded emergency savings.

Speaker 1 (30:18):
Can you explain the difference?

Speaker 4 (30:19):
Sure, a starter fund is the first milestone, maybe five
hundred to one thousand dollars. That's enough to cover a
flat tire, of that bill or a surprise plumber visit.
Then over time you were toward a fully funded emergency fund,
which is usually three to six months of essential living.

Speaker 2 (30:40):
Expenses, so things like housing, utilities, food, insurance, not lifestyle extras.

Speaker 4 (30:46):
Right. This fund is there to carry you through a
job loss, a health scare, or something big enough to
throw your budget all for months.

Speaker 2 (30:56):
All right, So when should you use your emergency fund?
And just as important, when shouldn't you?

Speaker 4 (31:02):
Great question we always tell clients it has to meet
free criteria, unexpected, necessary, and urgent all three.

Speaker 1 (31:11):
So let's do a lightning round car breaks down when
you need.

Speaker 9 (31:13):
It for work.

Speaker 1 (31:14):
Yes, that's a clear emergency.

Speaker 2 (31:16):
Water heater floods the basement. Yes again, Memorial Day sail
on a giant flat screen TV.

Speaker 1 (31:23):
That's a note. That's a want, not a need. Got it.

Speaker 2 (31:27):
So the danger is if you use your emergency fund
for the wrong things, it won't be there when you
really need.

Speaker 4 (31:32):
It exactly, and it can take months, sometimes years to
build it back up. At Kelly Financial, we guide our
clients to stop and ask is this truly a need
or just a want? In disguise? That one question can
save a lot of financial heartache, and this ties right
into retirement planning work we do. You always say a

(31:54):
good retirement plan isn't just about investing, It's about resilience.

Speaker 1 (31:58):
That's right.

Speaker 4 (31:59):
Build flexibility into every plan so if life throws a kurball,
you're not forced to make decisions you'll regret.

Speaker 2 (32:08):
Later, Which brings us to a free investor guide this week,
Five retirement planning missteps to dodge one of the biggest
missteps not preparing for emergencies or overspending without a cushion.

Speaker 1 (32:19):
This guide is a smart next step.

Speaker 4 (32:22):
It breaks down the top five risks we see and
how to protect yourself.

Speaker 1 (32:27):
It even walks you through how to revisit your plan.

Speaker 2 (32:31):
If you'd like a free copy or want to meet
with one of our fiduciary advisors, you can call eighty
eight eight hundred one eight one or email us at
Kelly at Kellyfinancial dot org.

Speaker 4 (32:41):
All right coming up next, we'll talk about how emergency
savings look different in retirement, how much is enough and
what kinds of expenses catch retirees.

Speaker 2 (32:52):
By surprise, you're listening to Save Money Strategies on WRKO.

Speaker 1 (32:56):
Stay with us, We'll be right back.

Speaker 3 (33:01):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 7 (33:12):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty two years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation, called eight eight eight eight hundred eighteen

(33:34):
eighty one or email Kelly at Kelly Financial dot org.
We're Kelly Financial. Come retire with.

Speaker 3 (33:40):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on atat eight eight hundred eighteen.

Speaker 1 (33:49):
Eighty one and we're back.

Speaker 2 (33:54):
It's me again, William Kelly Junior, and welcome to the
Safe Money Strategy Show, Saturday morning edition here on WRKO
and I'm not flying solo.

Speaker 1 (34:03):
I've got a pretty amazing co host.

Speaker 2 (34:04):
She's the CEO of Kelly Financial Services, where our family
and team have helped thousands of families plan for retirement.

Speaker 1 (34:10):
And yes, she also happens to be my mom. Kelly
Kelly everyone that never gets.

Speaker 4 (34:16):
Old, William, thank you, I'm thrilled to be here this morning,
and to all of our new listeners just tuning in, Welcome.
I'm Kelly Kelly, and at Kelly Financial we've spent twenty
two years helping individuals and families prepare wisely and confidently
for retirement. We're a family business with two offices right

(34:39):
here in Massachusetts, and we focus on conservative planning, customized strategies,
and building trust with every family we work with.

Speaker 2 (34:49):
And that trust starts with conversations just like the one
we're having this morning. Today, we're tackling a topic that
doesn't always get enough attention, especially in retirement.

Speaker 1 (34:58):
Emergency savings.

Speaker 4 (35:00):
Right, emergency savings might sound like something for young professionals
or growing families, but honestly is just as important, if
not more important, for retirees exactly.

Speaker 2 (35:13):
Emergencies don't pause just because you're no longer working. If
anything retirement can magnify how serious a financial emergency really is.

Speaker 4 (35:21):
That's why we want to clear up a common myth
that retirees don't need emergency savings.

Speaker 1 (35:27):
In truth, they absolutely do.

Speaker 2 (35:30):
Really, even if someone has their social Security and maybe
some investment income coming in.

Speaker 4 (35:35):
Yes, really, Here's why retirees often have fewer ways to
generate new income when something unexpected happens, and pulling from
retirement accounts at the wrong time, like during a market downturn,
can trigger taxes or even strength the nest egg faster
than planned. Emergency savings serve as a buffer. It protects

(35:58):
the long term plan.

Speaker 2 (36:00):
So how much should someone have saved for emergencies and retirement.
Is it still three to six months rule of thumb.

Speaker 1 (36:05):
That's a starting point, but it depends.

Speaker 4 (36:08):
If your steady retirement income, social Security, a pension annuity,
or distributions comfortably covers your monthly essentials, then three to
six months of expenses in a liquid savings account might
be enough. But if you're just getting by, or if

(36:29):
most of your income depends on the market, you may
want closer to nine to twelve months saved.

Speaker 1 (36:35):
That makes sense.

Speaker 2 (36:36):
You don't want to be in a situation where you're
forced to sell investments at a loss just to fix
the leaky roof.

Speaker 4 (36:41):
Exactly, and that brings us to the types of expenses
that tend to catch retirees off guard. First, home and
auto repairs. Just because you're retired doesn't mean your roof
won't leak or your car won't need a new transmission.

Speaker 5 (36:56):
And those aren't cheap fixes, No, they're not. Then there's healthcare.

Speaker 4 (37:01):
Even with Medicare, out of pocket costs can add up
very quickly. Co pays, dental, vision, prescriptions, and procedures that
are not covered.

Speaker 2 (37:12):
Didn't I see a study that estimated a sixty five
year old couple retiring in twenty twenty three, we'd need
more than three hundred thousand dollars just for healthcare and retirement.

Speaker 4 (37:20):
Yes, and that number doesn't even include long term care costs.
Medical expenses are one of the biggest risks to a
retirement plan. That's why having emergency savings can offer peace
of mind. It helps retirees avoid turning to high interest
credit cards or personal loans, and no one.

Speaker 2 (37:40):
Wants to be adding debt and retirement, especially on fixed income, right,
is not just.

Speaker 4 (37:45):
A numbers issue. Is emotional too. Not having enough cash
on hand can cause so much stress, fear, and that
lingering anxiety of will I run out of money.

Speaker 2 (37:58):
That's why Kelly Financial our team does and just talk investments.
We help build complete retirement strategies, including that emergency cushion.

Speaker 4 (38:05):
Yes. Because life doesn't go according to plan, our team
sits down with each client and helps map out a
personalized approach, one that considers the expected and the unexpected.

Speaker 1 (38:19):
It's not just about spreadsheets. It's about your life, your lifestyle,
your goals, your what ifs.

Speaker 4 (38:25):
That's right, whether it's helping a grandchild through college, a
sudden move, or an unexpected surgery. We plan for those
moments so that retirement stays on track.

Speaker 2 (38:37):
So this morning's conversation at home for you, We've got
a resource to help. It's a free guide called the
five Retirement planning Missteps to Dodge.

Speaker 4 (38:45):
Yes, this guide walks you through some of the biggest
financial mistakes we've seen, including underestimating health care costs, ignoring inflation,
and not preparing for emergencies. It's a simple, no nonsense
read that could save you a lot of stress down
the road, and.

Speaker 1 (39:04):
It's available at no cost.

Speaker 2 (39:06):
To get your free copy and schedule complimentary appointment with
one of our fiduciary advisors. Just give us a call
at eighty eight eight hundred and one eight eight one
or email us at Kelly at Kellyfinancial dot org.

Speaker 1 (39:18):
That's right.

Speaker 4 (39:18):
We're here to help you prepare wisely so you can
enjoy retirement with confidence, no matter what life throws your way.

Speaker 1 (39:26):
Thanks for spending part of your Saturday morning with us.

Speaker 2 (39:28):
You've been listening to save money strategies heard right here
on WRKO and streaming live on the iHeart app.

Speaker 1 (39:34):
Do stay with us.

Speaker 4 (39:35):
More to come after this short break. 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

(39:57):
if an advisor is really putting you first. For the book,
call eight eight eight eight hundred and eighteen eighty one
or email Kelly at Kellyfinancial dot org.

Speaker 1 (40:06):
We're Kelly Financial. Come retire with us. We're back.

Speaker 10 (40:11):
You're listening to Kelly Financial's safe Money Strategies. On Mike Dust,
chief operating officer at Kelly Financial Services, and I am
joined by one of the trusted investment advisors on our staff,
Greg Workman. Our goal on this and every radio broadcast
is to help you make smart decisions with your money.

Speaker 9 (40:28):
Mike.

Speaker 11 (40:28):
In the past, we've met with many investors who just
simply did not understand the seasonality of their investments. Think
of a farmer with an apple orchard. Every portfolio goes
through cycles or seasons. There will be times of new
buds and opportunities will appear, times of growth. There'll be
times when we harvest from that growth, and quite frankly,

(40:51):
there will be times when the trees will look a
little bit barren.

Speaker 1 (40:55):
And that's the equivalent of the winter season.

Speaker 10 (40:57):
I've seen too many people who want to uproot that
tree in the middle of the winter. These people never
prosper with the little patience they would have seen the
seasons change in new growth a pair. These things are cyclical.

Speaker 11 (41:09):
We view your investment portfolio as a valuable growing tree.
Our job is to know when to water it or
buy new investments, when to harvest it or sell holdings,
when to fertilize it, when to prune it by harvesting
gains from the investments.

Speaker 1 (41:25):
Moving in the right direction.

Speaker 10 (41:27):
With patients and care, we know your investments will grow
strong and fruitful, just like a farmer caring for an
apple orchard year in and year out.

Speaker 11 (41:35):
Investing is like farming. You don't plant seeds and expect
a harvest the very next day. It takes time, care,
and trust in the process. In patient farmers don't eat,
and they aren't very profitable.

Speaker 10 (41:48):
Here's another powerful analogy that demonstrates the value of patients
when investing. Picture yourself climbing a mountain with a yo
yo in your hand. If you focus only on the
ups and downs of the yo yo, you short to
miss the fact that you're steadily climbing higher.

Speaker 11 (42:03):
The takeaway when you're investing for the long run, keep
your eyes on the prize and tune out the noise.

Speaker 1 (42:09):
Proof is in the pudding. I can back this up
with the numbers.

Speaker 10 (42:12):
The stock market tends to follow long term growth in
corporate profits, which grows at an average rate of seven
to eight percent for the S and P five hundred.
That means you'll double your money in approximately nine to
ten years.

Speaker 1 (42:25):
If you place your chips on the S and P
five hundred. There you go.

Speaker 12 (42:28):
The rule of seventy two right on the rule of
seventy two is a quick and easy way to estimate
how long it will take for an investment to double
based on a fixed annual rate of return, Divide seventy
two by the annual.

Speaker 10 (42:40):
Interest rate, and the result is the number of years
it takes to double your money.

Speaker 11 (42:44):
The rule of seventy two is a great way to
see how time and interest work together. The higher the return,
the faster your money doubles.

Speaker 10 (42:53):
We put it to the test to see what ten
thousand invested ten years ago in the S and P
five hundred would be worth today.

Speaker 11 (43:00):
An SMP five hundred index fund, you're essentially purchasing a
small portion of the largest publicly traded companies in the US.
This provides broad diversification across various sectors of the American economy,
from utilities to technology.

Speaker 10 (43:14):
The investment we used is an SMP five hundred exchange
traded fund that seeks to provide investment results that, before expenses,
correspond generally to the price in yield performance of the
S and P five hundred. The Spider SMP five hundred
ETF Trust ticker symbol SPY.

Speaker 1 (43:32):
Otherwise known as the Spy.

Speaker 11 (43:34):
It closed at a closing value of two ten fifty
on July tenth of twenty fifteen. On July tenth of
twenty twenty five, ten years later, it had a closing
value of six hundred, twenty six dollars and sixty nine cents.
So your initial ten thousand would have grown to approximately
thirty thousand, five hundred, and it did far more than

(43:57):
double while it earned dividends along the way, which boosted
your total return.

Speaker 10 (44:02):
Time is one of the most powerful forces in investing.
Time enables compound growth, reduces risk, and rewards the discipline
required to stay the course when the market moves against you.

Speaker 1 (44:13):
Great, we're nearing the end of our time.

Speaker 10 (44:15):
Before we go, I wanted you to share that financial
planning case you're working on.

Speaker 11 (44:19):
Absolutely. We have a client that our office has been
working with since twenty fifteen. This couple recently retired in
the first half of this year, moved to Florida to
be closer to family, and started renting a small condo.
In short order, they heard about a home for sale
through a friend and contacted me seeking some advice as

(44:40):
to how to best approach the financial aspects of the decision.

Speaker 10 (44:45):
Downsizing and moving during retirement is quite common. A Mellor
Lynch survey found thirty seven percent of retirees aged fifty
plus have moved during retirement.

Speaker 1 (44:56):
So how did this play out?

Speaker 11 (44:57):
The couple made the decision to fund the purchase where
they conventional mortgage, which meant a sizable down payment. Unfortunately,
this couple had the bulk of their assets in qualified accounts,
and qualified as synonymous with retirement. I'm talking about accounts
like iras in four to one case.

Speaker 10 (45:16):
Since they worked part of the year, taking money from
a pre tax account could create a bigger than expected
tax bill.

Speaker 1 (45:22):
Was that the issue? You nailed it.

Speaker 11 (45:24):
We modeled some scenarios in our planning software and helped
guide this couple to the best solution for them. Split
the pre tax withdrawal between twenty twenty five and twenty
twenty six to minimize the tax burden. They will have
to locate another property to purchase, but they were very
happy to make that trade off, knowing that they were

(45:46):
going to give away a much smaller chunk of their
nest egg to Uncle Sam.

Speaker 10 (45:51):
At Kelly Financial, we help hard working people make smart,
confident decisions with their money. No jargon, no sales pitch,
just straight answers and a truly personalized plan built around
the things most important to you that delivers peace of mind.

Speaker 11 (46:04):
We're a fiduciary and our advisors are salaried, which means
industry commissions never get in the way of the right
investment advice for you.

Speaker 10 (46:13):
Phone numbers eight eight eight eight hundred, eighteen eighty one.
We love meeting our listeners and we look forward to
speaking with you. If you have a topic that you'd
like to learn more about, or you have a financial
question you'd like us to address on the radio show,
please reach out, give us a call at eight eight
eight eight hundred eighteen eighty one.

Speaker 11 (46:31):
Or contact us through our website at Kellyfinancial dot org.
We thank you for joining us on today's program and
we hope you're enjoying the summer season with friends and family.

Speaker 1 (46:43):
With that, I'm Greg.

Speaker 10 (46:44):
Workman and I Mike do Sat join us next week
for more safe money strategies.

Speaker 8 (46:53):
Joining us now as she always does that this time
the co founder, the old president of Kelly Financial Services,
and yes that is her wonderful.

Speaker 9 (47:07):
Name, Kelly Kelly, Kelly, how are.

Speaker 1 (47:12):
You, good morning, Jeff. I am good.

Speaker 4 (47:16):
Summer's a time for beach days and barbecues, but is
also the perfect moment to hit Pauls and check in
on your retirement strategy. Are your savings, your spending and
your income goals still on track for the year. At
Kelly Financial, we put together a free resource to help
is called your Retirement Income Planning Checklist. It walks you

(47:39):
through ten key areas that every retiree should review, from
Social Security and taxes to budgeting and doing a midyear
checkup to stay on course. And this checklist goes even further.
It covers how to plan for inflation, how to think
about income distribution in retirement, and where's certain financial products

(48:01):
might help protect your future. It's practical, straightforward, and built
for real world use. To get your free guide or
speak to one of our Kelly advisors, just give us
a call or email us at Kelly at Kellyfinancial dot org. Jeff,
have a wonderful weekend, My best, Grace and the kiddos.

Speaker 8 (48:21):
Thank you, Kelly, all the best to you and everyone
at Kelly Financial.

Speaker 9 (48:25):
To get a free copy of that guide, and I
urge all of you. If you can do get it call.

Speaker 8 (48:31):
Now eight eighty eight hundred, eighteen eighty one eight eighty
eight eight hundred, eighteen eighty one, or you can actually
email Kelly herself personally Kelly at Kellyfinancial dot org.

Speaker 9 (48:45):
That's Kelly at Kelly Financial dot.

Speaker 3 (48:48):
Org Safe Money Strategies at eight eight hundred one, eight
eight one.

Speaker 4 (49:08):
As we wrap up this morning show, I want to
share something very special, a voice and message that means
the world to me and to so many of our
longtime listeners. Bill Kelly, my husband and co founder of
Kelly Financial, recorded this reflection on marriage back in twenty seventeen.

(49:29):
It's honest and is full of the kind of wisdom
that comes from living, loving, and building something together. With
our anniversary approaching, I wanted to share it not as
something sad, but as a tribute to what a beautiful
thing marriage really is. I think of my own parents
married for sixty years. I think of my dad today

(49:52):
carrying on with strength and grace. And I think of
all the couples we meet in our offices, holding hands,
showing up for each other. So here's Bill with a
message about love, learning, and the gift of finding someone
who helps you live fully.

Speaker 6 (50:17):
You know. Marriage is a great thing. I see people
who come to visit with us in our offices in Braintree, Burlington,
and the joy of seeing people in a beautiful marriage
with a family surrounding them is amazing. It's an amazing gift.
It's an amazing enrichment in life. I remember coming in
my back door once in Burlington. I have a private

(50:37):
entrance at the back of my office, which I'm very
fortunate to have, and there was a couple sitting on
a little bench there, and they were well into their eighties.
He was feeding his wife a muffin, a blueberry muffin,
bit by bit, and she was eating it almost like
a little bird, and they were talking, they were giggling,
and I walked by them. I was on my way,
of course, to an important meeting as usual, Kelly right,
and I just turned my head. I said, wow, first date.

(51:00):
And he looked at me. He said, well, we're just
getting to know each other, he said, and he said,
we're learning every day a little bit more. Isn't that beautiful,
Ladies and gentlemen, isn't that amazing? And they get up.
They were holding hands. They walked in and they were
actually coming to visit with us, so it was like
a double surprise, come to find out. So what's the
beauty in having someone in your life you love? Well,

(51:21):
it's an amazing thing for me. You know, my wife,
Kelly is a beautiful woman in many ways. I mean,
she was a stunningly beautiful woman on the night I
met her. Took my breath away. But I think I
also saw something inside of her. I saw something within
her spirit. I instantly recognized it, and I think that's
what attracted Kelly to me. I think that's what made

(51:41):
her think there might be something different in this guy,
and I want to see him again because I never
thought she would. And as we grew closer and through
our married years, it's been true what a beautiful person
my wife is in all the inobvious ways. Her imagination,
her determination, her support of me when we had very little,

(52:02):
not very many complaints, her ability, her spirit. These are
things that sort of a blessing in my life. And
I hope all of you have had a chance to
experience something even remotely like that, because it's very beautiful.
And Kelly is a stalwart. She's the strongest woman, the
strongest person I've ever met, and she navigates through life
and does thousands of things every week to support our

(52:25):
business venture, our family, our future. And I'm sort of
the imagineer. I'm like the imagining guy, and she's the
person on the ground making sure that my teather doesn't
break and I go sailing off into the universe somewhere
with the next big idea. Well, my ideas sometimes take
fruit and sometimes they take hold, and we've been very

(52:46):
blessed with that. But I've had a lot of freedom.
But the most I can say, well, the most important
thing I can tell you is how blessed I've been
in my life to have someone in my life like
my wife Kelly, and how much I admire her for
always being there, but for understanding a lot of complex
things that go on when you're building a company or

(53:06):
you're building out a vision that was sort of written
on a piece of paper. And Kelly's always been there
for me. And it's tough. It's tough sometimes, and I
learned to love through Kelly. With a family of ten
people and everybody in a hurry, and no one really
able to share much time with each other, with all
the things that went on in my family. I was
probably ill fit for marriage or even to be a

(53:29):
partner because I didn't know how to be with somebody.
I didn't know how to spend time with someone because
we were always on the go, always doing something, and
just enjoying being with someone was something that I did
not know how to do. And over the years I've
learned to do that with Kelly, my wife. I hope
someday you have that feeling or have had it many
of you. What's very easy for you to do generally

(53:50):
is very difficult for me, and what's very difficult for
you to do as you listen to me, it's very
simple to me. So with my boldness, I've been able
to make a path, make my way in life. But
there's a limitation because I've just learned that being bold
what was the way to do everything, and it's not.
It's hard to be understanding when you're always bold, so

(54:11):
I had to temper that. I was very fortunate to
meet Kelly, and I was very fortunate that she became
interested in me. I always wondered, am I going to
live before I die? Am I going to die before
I live? That was what I wondered, because I never
thought I lived. I always thought I was just getting started.
I'm getting started. I'm getting started. And then when I
met my wife, Kelly, guess what I found out? I'm

(54:33):
living and I'm okay with doing it. And it's okay
because I think when you admit that you're living, guess
what else you have to admit? You have to stop
racing and you have to say I'm living, but I'm
also on my way to dying. So we like to
ignore that second part, don't we.

Speaker 5 (54:49):
I do.

Speaker 6 (54:49):
So I've been very lucky. I think you know I
love Kelly Kelly. If you're listening, I love you from
the bottom of my heart. Anyway possible, I always will,
I always have, and I do right now.

Speaker 3 (55:13):
Call Kelly Financial Services eight eight eight hundred eighteen eighty one.

Speaker 1 (55:18):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (55:21):
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

(55:43):
at Kellyfinancial dot org.

Speaker 1 (55:45):
We're Kelly Financial. Come retire with us.

Speaker 3 (55:49):
Senior safe money strategies eight eight eight hundred one eight
eight one.

Speaker 7 (55:57):
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

(56:19):
maybe helping out with your grandchildren's college. See a 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.

(56:40):
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, we see you
next week. All opinions expressed by the host or employees
of Kelly Financial Services are solely their own and do

(57:02):
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. It is always advisable to consult
a professional before making a financial decision.

Speaker 2 (57:16):
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, Kelley has waive the host's advisory fee in full.

Speaker 7 (57:26):
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.