Kelly Financial: Saturday, July 4, 2026

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Episode Transcript

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

Speaker 2 (00:20):
Ladies and gentlemen, welcome to Safe Money Strategies on WRKO.
I'm William Kelly and it's an honor to carry on
a family legacy rooted in real world values.

Speaker 3 (00:29):
And practical advice.

Speaker 2 (00:31):
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,
Dad launched Safe Money Strategies on WRKO as a no
nonsense callin radio show focused on common sense planning and
protecting wealth. Over the past two decades, Dad became a

(00:51):
pillar in New England finance, an engineer, turn entrepreneur, author
and philanthropist who believed in giving back and walking the talk.
Since our show has remained a Saturday morning staple, offering
insight and empowerment. Here at Kelly Financial, we help steward
over eight hundred million dollars across our affiliated business, including
more than six hundred million dollars managed by our SEC

(01:14):
registered investment advisory. Where fiduciary care and our family first
philosophy guides us on safe money strategies. You'll hear candid
conversations with the team, my mother Kelly, myself, advisors Charlie Gable,
Mike Ducett, Greg Workman, Greg Murray, my sister Mary, Madeline,
Tom Schleger, and Josh Smith. We live by two rules,

(01:35):
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
Kelly Financial dot org or call us at eighty eight
eight eight hundred one eight eight one. This is Safe
Money Strategies. Next up Forever Young with Kelly Kelly and myself,

(01:56):
William Kelly Junior.

Speaker 4 (02:02):
Safe Money Strategies with William Kelly and Kelly Kelly eight
eight hundred eighteen eighty one.

Speaker 5 (02:14):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is the part of the show we call Forever Young'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

(02:37):
planning for the future. Sometimes it's lights, sometimes is thoughtful,
but it is always real.

Speaker 6 (02:43):
Good morning, William, Good morning Mom.

Speaker 3 (02:45):
How are you.

Speaker 6 (02:46):
I'm doing great? How about yourself?

Speaker 7 (02:48):
I'm doing fantastic.

Speaker 2 (02:49):
Because it's our two hundred and fiftieth fourth of July.

Speaker 6 (02:53):
I know, happy birthday, America.

Speaker 3 (02:55):
Agreed. We made it this far and it seemed to
work out just fine.

Speaker 6 (02:59):
I know.

Speaker 2 (03:00):
So thank you to all the men and women who
have fought and died for our country. Thank you to
everybody who contributes to this country so that we can
live this life that we live.

Speaker 3 (03:11):
Our family is so.

Speaker 2 (03:12):
Grateful, and we undoubtedly have the greatest nation in the
entire world.

Speaker 7 (03:16):
Without question. Nobody can beat us.

Speaker 3 (03:19):
Where the best?

Speaker 6 (03:20):
William?

Speaker 2 (03:21):
Speaking of beating things, a USA men's team and soccer
has been on a streak during the rounds. They played
a played a pretty good game a couple of days
ago against Bosnia. I know Bosnia loves America. It was
kind of a tough match, but man, it.

Speaker 3 (03:36):
Was absolutely wild.

Speaker 2 (03:37):
But the craziest thing of all is that one of
our players got a red card. Now you might not
know what a red card means. You know that there's
a yellow card in a red card in soccer, and
a yellow card is given to somebody when they do
something that's intentionally following somebody else, or let's say, I
believe if you're speaking disrespectfully to the referee games, it's

(03:58):
sort of a penalty, and so you can get a
penalty kick, etc. A red card is really bad because
that means you did something really bad and not only
are you ejected, you're ejected your team is limited to
how many players they can have on the field, and
you can't.

Speaker 7 (04:16):
Play for the next game.

Speaker 2 (04:18):
Now why this is like such a crucial concept is
because in the next game it'll be a knockout round
for the United States, and so if you have a
red card, that means one of our really good players
who've got the red card can't play in the next game.
Now here's the issue. Was it worthy of a red card?
Unfortunately it wasn't. I think it was like a kick

(04:39):
in the ankle type of thing.

Speaker 3 (04:40):
It was.

Speaker 2 (04:41):
It was just kind of blown out of proportion and
people were not happy with the referee. So we're also
going to play Belgium, which is a pretty strong team
and the numbers wise, I believe is a stronger team
than us. And since we're in the knockouts rounds. If
we want to keep pushing forward, we kind of got
to give it our all, especially against Belgium. So we
will see how that goes. But the World Cup has

(05:04):
been pretty awesome, bringing Europe, especially Europe and you know,
a lot of African countries as well, but basically the
eastern side of the world and western if you want
to consider, like Japan and South Korea to the United States. Okay,
so all these folks are coming to the US and
they're realizing, oh my gosh, we got it all wrong.

(05:26):
This place is awesome. Look at the brisket, the air conditioning.
The people are so friendly and nice. They're blown away
because their media has told them that we're not good, right,
they're telling them that we're a bad country, And a
lot of these people are realizing that.

Speaker 3 (05:41):
It's quite the opposite.

Speaker 2 (05:43):
And it makes me really happy because we love having
our guests over here, especially the Scottish in Boston.

Speaker 7 (05:49):
It was such a fun time having them in Boston.

Speaker 2 (05:52):
Previously, I wasn't that big in a soccer I know,
growing up, you guys might have wanted me to play
a little bit.

Speaker 6 (05:57):
I know, yeah, you were never interested no.

Speaker 2 (05:59):
And it wasn't till my good buddy got me into
it and really showed me the spirit of the game
that I realized, Wow, this is an incredible sport.

Speaker 3 (06:06):
My wrestling coach was a soccer coach.

Speaker 5 (06:08):
Or well you know what when you during your gap year,
when you visited rob in London.

Speaker 3 (06:14):
That's right, I got to watch see Barnett.

Speaker 7 (06:16):
Yes, it was a very It was kind of a
small time club.

Speaker 2 (06:19):
The best the best league is the Premier League, which
has England's best teams playing that, and then it sort
of goes falls below that. Think of it like the
NCAA divisions D one, D two, D three and then
the rest. They moved up a division because of their
their winning streak from that match. It was a very
very important match and I mean Barnett just they just
took the storm.

Speaker 3 (06:40):
It was like a three to one game. They just
did fantastic.

Speaker 2 (06:42):
But then you're sitting there and the English they don't
mess around with football as they call it.

Speaker 3 (06:48):
They have the.

Speaker 2 (06:49):
Chance, the spirit. It's such an important sport. Honestly, it
was more the fans were more involved in the game
than American football. It was incredible, Like I.

Speaker 6 (07:01):
Just was it like Ted.

Speaker 2 (07:04):
It was like Ted Lasso watched Ted Last Ladies and Gentlemen,
incredible show.

Speaker 6 (07:07):
I love that series.

Speaker 3 (07:09):
It's great. It's like that.

Speaker 2 (07:10):
It's just it's a different culture and it's a different
level of fans. You know, the fans are fighting outside,
the cops are breaking out, fight for.

Speaker 3 (07:16):
This small team.

Speaker 7 (07:18):
This small team.

Speaker 1 (07:19):
It's incredible to me.

Speaker 2 (07:21):
I'm just thinking to myself, geez, I mean, like in
my high school and it's like in my high school
and some other high school we're having a football match.

Speaker 4 (07:27):
You know.

Speaker 3 (07:28):
Yeah, it's like it's like, wow, my gosh, they really care.

Speaker 2 (07:32):
So I really enjoyed it because you see it online
and you see the English chants and stuff like that,
and like, oh, that looks like a lot of fun.
Until you actually go to one yourself, You're like, wow,
I was not expecting this. We're going to have a
lot of fun today. We're gonna go see a good
family friend of ours.

Speaker 6 (07:52):
Yes we go every year, that's right, we do.

Speaker 7 (07:55):
And you get to have a glass of wine talk
with the parents.

Speaker 2 (07:58):
I get to hang out with my good that I've
known since I was probably like six years old.

Speaker 3 (08:02):
Yes, I'm Murray.

Speaker 7 (08:03):
Madeline and her boyfriend will be there as well, and.

Speaker 2 (08:06):
So they'll get the scene coming in soon Bristol, Rhode
Island's magnificent fireworks show down the street. The neighborhood gets together,
they buy the fireworks and you see some incredible fireworks.
What my friend and I will do is we'll swim
out on a surfboard and we'll watch and we'll look
up and the ash will fall on us because they're

(08:27):
literally right there. Allegedly it might rain, but what they're
probably going to do is they'll tarp the wood because
they have a bonfire, and then they'll probably also protect
the fireworks as well when they set them up.

Speaker 6 (08:37):
And you should, you should tell our listeners about the parade.
Some may they know about it.

Speaker 3 (08:43):
Oh my gosh, ladies, and Joe.

Speaker 2 (08:44):
The oldest, the oldest parade, the oldest Fourth of July
parade ever was in Bristol, Rhode Island, or is in Bristol,
Rhode Island. So on top of that, we're getting the
two hundred and fiftieth or or two hundred and something
Fourth of July para raid, the oldest one.

Speaker 3 (09:01):
This is gonna be a big one. I already know
they're going to go all out.

Speaker 2 (09:04):
This is a huge deal and it's just going to
be an incredible time, I know. So I'm looking forward
to that me too. We're going to have a lot
of fun. And you had a successful trip in Georgia
and I took care of the house for nine grueling days.

Speaker 6 (09:18):
Yes, and you did.

Speaker 2 (09:20):
I noticed they're a lot calmer now now that you're back.
It's like you level it out a little bit.

Speaker 6 (09:26):
It's always good to get home.

Speaker 3 (09:28):
I'm sure it is.

Speaker 6 (09:28):
But everything was good.

Speaker 4 (09:29):
You know.

Speaker 5 (09:30):
The flight going there into Jacksonville was perfect.

Speaker 3 (09:34):
Yeah, I love it.

Speaker 6 (09:35):
It was non stop.

Speaker 5 (09:36):
You know.

Speaker 6 (09:36):
I still have a.

Speaker 5 (09:37):
Little bit of a drive, you know, once I get
to Jacksonville, but coming back it was the same thing.

Speaker 6 (09:44):
Have no issues at all.

Speaker 3 (09:45):
Yeah, so yeah, that's pretty encort.

Speaker 6 (09:48):
I got a lot done that week.

Speaker 8 (09:51):
I know.

Speaker 7 (09:51):
Yeah, you were busy.

Speaker 5 (09:53):
I worked as well, worked virtual, but I got a
lot taken care of.

Speaker 2 (09:57):
As long as mom has a Mai Fi and a laptop,
leadues and gentlemen, she is running the company.

Speaker 3 (10:02):
It's incredible.

Speaker 9 (10:04):
My Fi.

Speaker 7 (10:05):
I usually have to drive.

Speaker 10 (10:07):
I know.

Speaker 6 (10:07):
The jet pack is a jet pack.

Speaker 3 (10:09):
The jet pack.

Speaker 7 (10:10):
Yes, I went there. When I'm chauffeuring, I have to
show for a mom. She has to have She has
her her whole setup.

Speaker 3 (10:20):
She has her cards that she's writing to all of you.

Speaker 6 (10:23):
That's on the side.

Speaker 3 (10:24):
That's on the side.

Speaker 2 (10:25):
She has her giant water bottle, she has her phone,
her jet pack, her laptop.

Speaker 7 (10:30):
Yes, she is just like She's a machine, Ladies and jet.

Speaker 6 (10:34):
We even had my workouts scheduled.

Speaker 5 (10:36):
I found a trainer there and I worked out with
him three times. And uh yeah, so I'm still still
a part of that boot camp.

Speaker 6 (10:45):
Yes, since May second.

Speaker 7 (10:48):
Mom is an inspiration to us all nothing but pride
for you, Mom.

Speaker 5 (10:51):
Oh, thank you. William do keep us on your dial.
We've got a lot of great content coming your way.
Mike du Set and Greg Workman will discuss the path
to financial independence and why building a successful retirement starts
with having the right information and a well designed plan.
Mary Madeline Kelly and Greg Murray will share why doing

(11:12):
less can sometimes be the smartest financial decision of all.

Speaker 6 (11:17):
When William and.

Speaker 5 (11:18):
I return, we'll talk about practical ways to turn your
retirement dreams into a plan you can actually live. And
of course we'll close the hour with some wit and
wisdom from.

Speaker 6 (11:29):
The late Bill Kelly.

Speaker 5 (11:30):
His words continue to inspire and guide us.

Speaker 6 (11:34):
That's a wrap for forever.

Speaker 5 (11:36):
Young thank you for listening, and William, thank you for
joining me.

Speaker 6 (11:40):
We'll be back with more great content.

Speaker 11 (11:43):
I love you, honey, I love you too.

Speaker 12 (11:53):
Okay, my friends, let me tell you about Kelly Financial Services.

Speaker 3 (11:58):
You know how this goes.

Speaker 12 (12:00):
In January, everybody's discipline, the budget is tight, the plan
is in place.

Speaker 1 (12:05):
Then you blank and it's June. Spending is crept up.

Speaker 12 (12:09):
Costs of climb, healthcare expenses, inflation, family needs, life doesn't
slow down. That's why a mid year retirement check in matters.
Because our retirement plan you set up once and never review.

Speaker 1 (12:23):
That's not really a plan. Kelly.

Speaker 12 (12:26):
Kelly and her team have put together a complimentary investor
guide called five Retirement Planning Missteps to Dodge. It covers
healthcare costs, inflation, long term care, and why keeping your
strategy up to date matters. Schedule your annual review, request
your free copy now. Call Kelly Financial eighty eighty eight

(12:48):
eight hundred and eighteen eighty one or email Kelly at
Kellyfinancial dot org.

Speaker 13 (12:54):
Welcome back to safe money Strategies with Kelly Financial. I'm
Mike du said Chief operating Officer. Joined is always by
investment advisor Greg Workman.

Speaker 3 (13:03):
Greg.

Speaker 13 (13:03):
Today's show is airing over the fourth of July holiday weekend.
And when most people think about Independence Day, they think
about freedom time with family and friends, barbecues, fireworks, celebrating
the freedom that we enjoy as Americans. But there's another
kind of independence that many of our listeners are working
toward as well, financial independence.

Speaker 14 (13:24):
That's right, Mike, And for many people, retirement is really
about achieving a different type of freedom. It's the ability
to make decisions because you want to, not because you
have to. It's having confidence that your bills are covered,
your income plan is in place, and your financial future
isn't dependent upon a paycheck showing up every two weeks.

Speaker 13 (13:46):
And I think that's an important distinction because when people
hear the phrase financial independence, they often think.

Speaker 3 (13:52):
Of a dollar amount.

Speaker 13 (13:54):
Maybe it's a million dollars, maybe it's two million dollars,
maybe it's some number they've had in their head for
years exactly.

Speaker 14 (14:01):
But financial independence isn't really a number. It's a condition.
It's having the resources, income and planning in place to
support the lifestyle you want to live. I've seen people
retire comfortably with less money than they thought they needed
because they had a well designed plan. And I've seen
people with significant assets who still worried constantly because they

(14:25):
didn't have clarity around income, expenses, taxes, and overall retirement strategy.

Speaker 13 (14:33):
So today we want to talk about something that sits
at the foundation of every successful retirement plan, not investments,
not market predictions, not interest rates.

Speaker 3 (14:44):
Information.

Speaker 14 (14:44):
That's right because before we can create a retirement plan,
before we can build an income strategy, and before we
can discuss investments, we need accurate information.

Speaker 3 (14:57):
At Kelly Financial.

Speaker 14 (14:59):
We often say that the output is only as good
as the.

Speaker 13 (15:03):
Input, and that's really the theme of today's show. The
output is only as good as the input.

Speaker 3 (15:09):
What exactly do we mean by that?

Speaker 14 (15:11):
Simply put, if the information going into the planning process
is incomplete, inaccurate, or based on assumptions, the recommendations that
come out of the planning process can be affected as well.
Think about building a house. If the foundation isn't level,
everything built on top of it will have issues. Retirement

(15:33):
planning works much the same way. Good decisions require good information.

Speaker 13 (15:38):
Let's talk about what we see when prospective clients first
come into our office. Many people have done a great
job saving, they've accumulated assets, they've worked hard, but often
they don't have everything organized into a comprehensive retirement plan.

Speaker 3 (15:52):
That's very common.

Speaker 14 (15:54):
Many people have retirement accounts from previous employers, current retirement accounts,
investment accounts, social Security benefits that they'll be eligible for someday,
maybe a pension insurance policies, different income sources, but they've
never put all the pieces together to see how they
fit into one overall strategy.

Speaker 3 (16:15):
And that's where assumptions can start to creep in.

Speaker 14 (16:17):
Absolutely, someone might assume they're on track because their account
balance has grown. Someone else may assume they'll spend significantly
less in retirement. Others may assume they'll simply claim Social
Security as soon as they're eligible, without understanding the long
term impact of that decision. The problem isn't that people

(16:39):
make assumptions. The problem is that major financial decisions are
often being made based on those assumptions. And remember, individual
needs and circumstances will vary.

Speaker 3 (16:51):
Let's use an example.

Speaker 13 (16:52):
Suppose we have a hypothetical couple, Tom and Susan.

Speaker 3 (16:56):
They're both sixty two years old.

Speaker 13 (16:58):
Tom thinks they're ready to retire because as they've accumulated
a little over a million dollars in retirement savings, Susan agrees,
but neither one has actually sat down and built a
retirement income plan.

Speaker 3 (17:09):
What happens next.

Speaker 14 (17:10):
The first thing we'd want to know is whether that
million dollars actually supports the retirement lifestyle that they envision.
How much income will they need? What are their expenses?
When do they plan to claim Social Security? Do they
have pensions? What are their healthcare costs likely to be?

(17:30):
What are the tax implications of drawing income from their
various accounts? Without those answers, the account balance by itself
doesn't tell us very much.

Speaker 3 (17:41):
That's probably surprising to some listeners.

Speaker 14 (17:43):
It is many people focus almost exclusively on the size
of their portfolio, but retirement isn't really about account balances.
It's about income and cash flow. At the end of
the day, retirees don't spend account balances, They spend income.
That's why understanding expenses, income sources, taxes, and investment strategy

(18:09):
is so critical.

Speaker 13 (18:10):
And that's really where the safe Money Strategies process begins.

Speaker 14 (18:14):
Exactly after an introductory phone conversation with you, we provide
perspective clients with our Safe Money Strategies workbook. The purpose
of the workbook isn't to create paperwork. The purpose is
to gather quality information. We want to understand their goals,
their concerns, their assets, their income sources, their retirement objectives.

(18:40):
The more complete the information, the more meaningful the planning
process becomes.

Speaker 13 (18:45):
And that's one of the reasons we spend so much
time on the front end. We're not trying to rush
people into recommendations. We're trying to understand their situation first.

Speaker 14 (18:53):
That's exactly right. Good planning starts with understanding the facts.
The recommendations we provide should be based on the client's
actual circumstances, not guesses, assumptions, or incomplete information.

Speaker 13 (19:07):
I think that's one of the reasons people are often
surprised when they go through the process. Sometimes they discover
they're in better shape than they thought.

Speaker 3 (19:14):
That happens all the time.

Speaker 13 (19:15):
And sometimes they discover there are opportunities they hadn't considered.

Speaker 3 (19:19):
That happens too.

Speaker 14 (19:20):
Maybe there's a better social security strategy, maybe there are
tax planning opportunities, maybe there's a way to improve the
efficiency of their retirement income plan. The point is that
once we have accurate information, we can begin evaluating options
and making informed recommendations.

Speaker 13 (19:42):
And that's really what financial independence comes down to, having
the information necessary to make informed decisions.

Speaker 3 (19:48):
That's right.

Speaker 14 (19:49):
Confidence doesn't come from guessing. Confidence comes from understanding, understanding
where you stand today, understanding your options, and understand how
those decisions may affect your future.

Speaker 13 (20:04):
When we come back, we're going to talk about some
of the most common assumptions people make when planning for
retirement and how those assumptions can sometimes lead to costly mistakes.
Well also discuss why one of the least exciting parts
of retirement planning may actually be one of the most important.
And while we're at the break, if you'd like a
complementary copy of our Safe Money Strategies workbook, give us

(20:25):
a call or visit our website. We'd be happy to
send one to you. You're listening to Safe Money Strategies
with Kelly Financial.

Speaker 3 (20:31):
We'll be right back.

Speaker 4 (20:37):
Kelly Financial Services eight hundred eighteen eighty one.

Speaker 5 (20:42):
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.

Speaker 6 (21:02):
For the book, call eight eight eight.

Speaker 5 (21:03):
Eight hundred and eighteen eighty one or email Kelly at
Kellyfinancial dot org.

Speaker 6 (21:08):
We're Kelly Financial. Come retire with.

Speaker 4 (21:11):
Us The Money Wrap with Kelly Financial Advisors Greg Murray
and Mary Madeline Kerry.

Speaker 3 (21:19):
Good morning.

Speaker 15 (21:20):
This is Greg Murray, Senior Vice president and Chief Compliance
Officer at Kelly Financial Services. Join me today is Mary
Madeline Kelly, one of our wealth advisors. How are you
doing today?

Speaker 7 (21:29):
Hi?

Speaker 9 (21:29):
Greg, I'm doing great and happy fourth of July. Not
only is it our country's two hundred and fiftieth birthday,
but it's also my sweet Melly's first birthday, and I can't.

Speaker 16 (21:40):
Believe how fast time flies.

Speaker 9 (21:42):
As much as I've loved the puppy stage, I am
very happy she's becoming a little more mature.

Speaker 16 (21:48):
Although William clearly doesn't.

Speaker 9 (21:49):
Agree because he refused to babysit her last weekend.

Speaker 15 (21:52):
Well, I can't say I blame him. A one year
old dog still has plenty of puppy energy. But happy
birthday to Mellie and happy Independence date. Everyone listening. Hopefully
everyone is enjoying some time with friends and family and
maybe even a little relaxation on this holiday weekend.

Speaker 9 (22:05):
That's true, and speaking of slowing down and not feeling
like you always have to be on the go, I
think today's topic might surprise some of our listeners. Most
people think being financially successful means taking constant action. But
today we're going to explain why sometimes the best financial
decision you can make is actually doing.

Speaker 3 (22:24):
Nothing that's right.

Speaker 15 (22:25):
And to be clear, we're not talking about ignoring your
finances or failing to plan. We're talking about resisting the
urge to make unnecessary changes simply because.

Speaker 3 (22:33):
Markets are moving or headlines are changing.

Speaker 9 (22:35):
Exactly, we live in a world where we're constantly encouraged
to react. Every day there's a new headline, a new
market prediction, or a new investment that's getting everyone's attention.
It can make people feel like they always need to
be doing something, But.

Speaker 15 (22:48):
Successful investing isn't about constant activity. In fact, some of
the biggest mistakes investors make happen because they feel they
have to react.

Speaker 9 (22:56):
We often say that activity and progress aren't always the
same thing. Just because you're making changes doesn't necessarily mean
you're improving your financial situation.

Speaker 15 (23:05):
That's especially true during periods of market volatility. When markets
move sharply, either up or down, there's often a temptation
to adjust your portfolio based on emotion rather than your
long term plan.

Speaker 9 (23:15):
And that's where patients becomes one of the most valuable
investing skills you can have.

Speaker 15 (23:19):
Of course, investing involve's risk, including the potential loss of principle.
Market fluctuations are a normal part of investing.

Speaker 9 (23:25):
Exactly, a well designed financial plan should already anticipate that
markets won't move in a straight line. Volatility isn't necessarily
a signal that something is wrong.

Speaker 15 (23:34):
One of the hardest things for investors is accepting this.
Sometimes no action is actually the correct action.

Speaker 9 (23:39):
Think about planting a trade. You don't dig it up
every week to check if the roots are growing. You
water it, give it time, and trust the process.

Speaker 15 (23:46):
I like that analogy because investing often works the same way.
Once you built a thoughtful plan, constantly changing it can
actually interfere with long term success.

Speaker 9 (23:54):
We also see this with retirement planning. Sometimes people want
to completely overhaul their strategy every time time, interest rates
change or the market has a rough month, when.

Speaker 15 (24:03):
In reality their long term goals haven't changed.

Speaker 3 (24:05):
At all exactly.

Speaker 9 (24:06):
Your financial plan should be driven by your life, not
by the news cycle.

Speaker 15 (24:10):
Now that doesn't mean never make adjustments.

Speaker 9 (24:13):
Right, There are absolutely times when action makes sense. Retirement,
changes in income, selling a business, receiving an inheritance, changes
in your family, or shifts in your financial goals are
all good reasons to revisit your plan.

Speaker 15 (24:26):
The key is making changes because your life has changed,
not simply because markets have changed.

Speaker 16 (24:30):
That is such an important distinction.

Speaker 15 (24:32):
One thing I've noticed over the years is that people
often confuse motion with control.

Speaker 9 (24:36):
Making a change can feel productive. It gives us the
feeling that we're taking control of the situation, But.

Speaker 15 (24:41):
An investing discipline often produces better long term results and
constant decision making.

Speaker 9 (24:45):
Sometimes the hardest advice an advisor gives is let's stay
the course.

Speaker 15 (24:49):
And ironically, that's often the advice clients remember most years later.

Speaker 9 (24:53):
Because it's usually during uncertain times that patience feels the
most uncomfortable.

Speaker 15 (24:58):
Another thing to remember is that markets recovered from difficult
periods throughout history. Well, no one can predict future performance
long term, investors have generally been rewarded for staying invested
rather than reacting emotionally.

Speaker 9 (25:09):
That's why one of the most valuable rules in advisor
plays isn't necessarily picking investments. It's helping clients avoid emotional
decisions that could derail a well thought out plan.

Speaker 15 (25:19):
So for our listeners, if you ever find yourself wanting
to make a big financial decision because of a headline
or a bad day in the market, take a step
back and ask yourself a simple question, has.

Speaker 9 (25:28):
My financial plan changed or have my emotions changed?

Speaker 15 (25:31):
Because if your goals, timeline, and financial situation are the same,
there's a good chance your plan doesn't need to change either.

Speaker 9 (25:37):
And that's not always the easiest answer, but it's often
the right one.

Speaker 15 (25:41):
And as always, every investor's situation is unique. Investment decisions
should be made based on your individual goals, risk tolerance,
and time horizon, and investing involves the risk of loss.

Speaker 9 (25:51):
But the key takeaway today is simple, don't mistake activity
for progress. Sometimes the most disciplined and most rewarding financial
decision is having the confidence to do nothing at all.

Speaker 15 (26:00):
Well said, that's going to wrap things up for today.

Speaker 3 (26:02):
If you like how.

Speaker 15 (26:03):
Building a financial plan you can stick with through all
kinds of market environments.

Speaker 3 (26:07):
Give us a call. We'd be happy to help.

Speaker 16 (26:08):
Thank you, Greg. Enjoy the long weekend.

Speaker 4 (26:10):
To get in touch with Greg Murray or Mary, Madeline Kelly,
or any member of the Kelly Financial Team, call eight
at eight eight hundred eighteen eighty one. Safe Money Strategies
with William Kelly and Kelly Kelly. Call the team on
eight eight eight hundred, eighteen eighty one.

Speaker 5 (26:39):
Welcome back to Safe Money Strategies. I'm Kelly Kelly alongside
my son William, you know William. When most people hear
the phrase bucket list, they immediately think about taking a
cruise through Alaska, walking the streets of Italy, or finally
seeing the Green Canyon. And while those are wonderful goals,

(27:03):
a retirement bucket list is really much bigger than travel.
It's about living intentionally. It's about deciding what you want
your retirement to look like while you still have the health,
energy and freedom to enjoy it.

Speaker 2 (27:19):
I think that's such an important distinction because retirement is
simply the end of a career. It's the beginning of
an entirely new chapter after decades of working raising a family,
paying the mortgage, and meeting responsibilities.

Speaker 3 (27:33):
Many people suddenly.

Speaker 2 (27:34):
Wake up one morning and realize that they have something
they've really never had before. Time, And while that sounds exciting,
having unlimited free time can actually feel overwhelming if you
haven't thought about how you want to spend it.

Speaker 6 (27:46):
That's exactly right.

Speaker 5 (27:47):
For years, our lives revolve around calendars, meetings, deadlines, children's activities,
and responsibilities. Then retirement arrives and for the first time
in decades, no one's telling you where you have to
be on Monday morning. That freedom is wonderful, but without purpose,

(28:08):
it can also become surprisingly empty. That's one of the
reasons I encourage people to think about retirement as more
than just accumulating enough money. Money gives you choices, but
you still have to decide how you're going to use
those choices.

Speaker 2 (28:25):
And that's really where a bucket list comes in. It
gives direction to all that freedom. It changes vague thoughts
like maybe someday will do that into intentional goles. It
gives you something to anticipate, something to plan for, and
something that keeps life moving forward.

Speaker 5 (28:40):
One thing I've learned over the years is that the
happiest retirees aren't necessarily the wealthiest retirees.

Speaker 6 (28:48):
They're the ones who stay engaged.

Speaker 5 (28:51):
They continue learning, they stay curious, They make plans, they
build memories, They volunteer, they spend time with family. They
keep looking ahead instead of looking backward. Retirement shouldn't be
about slowing down. It should be about deciding what matters most.

Speaker 2 (29:11):
And unfortunately, that's where so many people get stuck. They
spend years saying, we'll do that someday. Someday we'll visit Yellowstone,
Someday we'll learn to play golf. Someday we'll write that
family history. Someday we'll take the grandchildren on that special trip.
But someday has a way of turning into next year,
and then five years later people are still saying the
same thing.

Speaker 5 (29:31):
That's why I often remind people that one of the
biggest risks in life isn't trying something, and failing is
never trying at all. We all assume there will be
more time later. The reality is none of us knows
exactly what tomorrow will bring. Life as a way of

(29:51):
changing our plans, health changes, family situations change. Sometimes we
are caregivers. Sometimes, unexpected challenges appear that nobody could have predicted.

Speaker 2 (30:05):
And those changes don't necessarily mean your dreams disappear. They
just may become more difficult. If hiking through one of
our national parks has always been on your list, that's
probably easier at sixty five than it is at eighty five.
If you've dreamed of taking a river cruise through Europe
or exploring America's national parks, it's worth asking yourself why
am I waiting exactly?

Speaker 5 (30:26):
And I think sometimes people misunderstand what we are saying.
We are not suggesting people spend recklessly or abandon a
financial plan.

Speaker 6 (30:37):
Quite the opposite.

Speaker 5 (30:38):
A good retirement plan should actually help make those experiences possible.
That's why financial planning and life planning go hand in hand.
You don't save your entire life simply to look at
your account balance. You save so you can enjoy the
life you work so hard to build.

Speaker 2 (30:59):
Something that's important is realizing that not every bucket list
item requires a passport or an airplane ticket. Some of
the most meaningful goals happen right where you live. It
could be learning photography, taking art classes, joining a community theater,
writing your memoir, researching your family history, or finally learning
to play the piano you've always admired.

Speaker 5 (31:20):
I love that because retirement is one of the few
seasons in life where you finally have permission to explore
interests that may have been sitting on the back burner
for decades. Personal growth doesn't stop because your career ends.
In many ways, it finally begins. Some people discover talents

(31:41):
they never knew they had, simply because they finally had
the time to pursue them.

Speaker 2 (31:47):
And the other thing we see is that the most
meaningful bucket list goals often involve other people. Families tell
us their favorite retirement memories aren't necessarily the destinations.

Speaker 3 (31:57):
They're the people they share those experiences with.

Speaker 2 (32:00):
Multi generational vacations, recording family stories, mentoring younger people, volunteering
in the community. Those are often the experiences people treasure
the most.

Speaker 6 (32:10):
That's so true.

Speaker 5 (32:12):
At the end of the day, most people don't measure
a successful retirement by how many places they visited. They
measure it by the relationships they strengthen, the memories they created,
and the lives they touched. Those are the memories that
stay with us.

Speaker 2 (32:29):
So maybe one of the best questions our listeners can
ask themselves this weekend, especially as we celebrate Independence Day.
Is this If I had more freedom tomorrow, how would
I choose to spend it? Because retirement is really about
having the freedom to live intentionally, and.

Speaker 5 (32:44):
That's exactly the message behind my book, Retire, Your Fear,
Plan Your Future. A successful retirement isn't simply about reaching
a financial number. It's about creating a life that reflects
your values, your priority, your relationships, and your purpose. The
best retirements don't happen by accident. They happen because people

(33:08):
intentionally decide how they want to live.

Speaker 3 (33:12):
We'll be right back.

Speaker 4 (33:17):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kelly Financial dot org.

Speaker 10 (33:27):
Ready, there's nothing like the crew races on the Charles River.
When the boats cross the finish line, all the components
must be functioning consistently at exceptional levels. High performance equipment,
mentally tough and physically fit rowers, the passion to win,
and perhaps most importantly, seamlessly integrated teamwork. Likewise, the retirement

(33:52):
rivers we row also require these very qualities. Who's part
of your retirement crew? For more than twenty three years,
the advisors at Kelly Financial Services have helped families in
the Greater Boston area take command of their financial futures.
So call eight eight eight eight hundred eighteen eighty one
or visit Kellyfinancial dot Org for an appointment at Kelly

(34:15):
Financial We believe you've got to have the right team
and crew and in retirement, how will you cross the
finish line? Here Kelly Financial Services. Come retire with.

Speaker 4 (34:26):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight hundred eighteen eighty one.

Speaker 5 (34:36):
Thank you, Cares, Welcome back to Sake Money Strategies. I'm
Kelly Kelly alongside my son William. Before the break, we
talked about why retirement bucket list matter and why waiting
for some day can sometimes mean missing opportunities. Now, let's

(34:57):
talk about how to actually build a retirement that's meaningful
to you. Because here's the thing, there's no one size
fits all retirement.

Speaker 3 (35:08):
That's exactly right.

Speaker 2 (35:09):
Sometimes people feel like they're supposed to retire a certain
way because that's the way they see other people doing it.
One couple is traveling around the world, another is buying
a vacation home. Someone else is spending every weekend on
the golf course. Those may all be wonderful choices, but
they may not be your choices.

Speaker 5 (35:27):
And that's an important distinction. Your retirement should reflect your values,
your interest, and the life you want to live, not
someone else's highlight reel. We've worked with families who couldn't
wait to see every national park in America, while others
were perfectly happy spending time with grandchildren, volunteering in their church,

(35:50):
or simply enjoying quiet moments with a good book. Neither
approaches right or wrong is personal.

Speaker 2 (35:58):
That's why I think the first step is asking yourself
a simple question, what would make me excited to get
out of bed each morning? Once work is no longer
setting your schedule, you have the opportunity to design your own.
That's a tremendous gift, but it also requires intentional thinking.

Speaker 5 (36:14):
It certainly does, and don't assume your bucket list has
to involve expensive international travel. Some of the most rewarding
experiences happen much closer to home. Maybe you've always wanted
to explore the historic towns throughout New England, visit museums
you've driven past for years, attend concerts, learn to sell,

(36:38):
or finally take that cooking class you've talked about for decades.
Adventure doesn't always require a passport.

Speaker 2 (36:47):
Sometimes it's the small adventures that become the most memorable.
Learning a new hobby, joining a walking group, taking photography lessons,
or volunteering with an organization you care about can create
friendships and experiences that enricher life every bit as much
as a trip across the ocean.

Speaker 5 (37:04):
Another thing we encourage people to do is prioritize their list.
Not every dream belongs at the same place on the timeline.
If there's something physically demanding, whether it's hiking, skiing, biking,
or taking an active vacation, you may want to move
that closer to the top of the list. There may

(37:26):
be plenty a time later for taking relaxing cruises or
slower pace travel.

Speaker 2 (37:32):
That's good advice because our health and mobility naturally change
over time. That doesn't mean life becomes less enjoyable, but
it does mean some experiences are easier when we're younger.

Speaker 3 (37:42):
And more active.

Speaker 2 (37:43):
Having a timeline gives your goals a much better chance
of coming a reality.

Speaker 5 (37:48):
Another area people sometimes overlook is legacy. Retirement offers wonderful
opportunities to mentor younger people, volunteer in your community, teach
a skill you've developed over a lifetime, or preserve your
family's history. Those experiences often become some of the most

(38:10):
meaningful parts of retirement.

Speaker 2 (38:13):
In many of those moments don't cost much at all.
They simply require time, experience, and the willingness to get back.
It's amazing how fulfilling it can be to know you've
made a positive difference in someone else's life.

Speaker 5 (38:25):
One thing we've seen over the years is that people
who remain engaged tend to enjoy retirement the most. They
continue learning, they stay connected with family and friends, They
keep looking forward to what's next. Retirement isn't about stepping
away from life. It's about embracing it in a new.

Speaker 3 (38:48):
Way, and don't forget to enjoy it.

Speaker 2 (38:51):
After decades of hard work and responsibility, retirement should include joy, curiosity,
and time with the people who matter most.

Speaker 3 (38:59):
There's no single right way to retire. That's one of.

Speaker 5 (39:02):
The central themes in my book, Retire Your Fear, Plan
Your Future. A good financial plan isn't simply about investments
or income. It's about giving yourself the confidence to enjoy
the life you've worked so hard to build.

Speaker 2 (39:19):
When your financial plan supports your personal goals, retirement becomes
more than leaving your career. It becomes the opportunity to
live intentionally, confidently, and with purpose.

Speaker 5 (39:30):
As we celebrate Independence Day this weekend, it's a fitting
reminder that freedom comes with opportunity. Retirement offers a different
kind of freedom, the freedom to decide how you'll spend
your time, who you'll spend it with, and what kind
of memories you'll create. My hope is that you'll begin

(39:52):
making those plans today instead of waiting for some day.
If you'd like a complimentary copy of my book, Tire
Your Fear, Plan Your Future, simply give us a call
or email us at Kelly at Kellyfinancial dot org.

Speaker 6 (40:09):
We'd be happy to send you a book.

Speaker 3 (40:11):
Stay with us.

Speaker 2 (40:12):
More informative content is coming your way.

Speaker 4 (40:17):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 13 (40:29):
Welcome back to Safe Money Strategies with Kelly Financial. I'm
Mike Dussett, chief operating officer of Kelly Financial. Joined as
always by investment advisor Greg Workman. Before the break, we
discussed financial independence and why we often say that the
output is only as good.

Speaker 3 (40:44):
As the input.

Speaker 13 (40:45):
We talked about how a successful retirement plan begins with
accurate information and how assumptions can sometimes create problems.

Speaker 3 (40:52):
Greg, let's pick up right there.

Speaker 13 (40:54):
What are some of the most common assumptions people make
when it comes to retirement planning.

Speaker 14 (40:58):
One of the biggest assumption we hear is I'll spend
less in retirement. Now, for some people, that may be true.
The mortgage may be paid off, commuting expenses may disappear,
retirement plan contributions may stop. But what often happens is
that spending shifts rather than disappears. People travel more, they

(41:22):
take up hobbies, they spend more time with their family,
they help their children or grandchildren, and healthcare expenses often
become a larger part of the budget.

Speaker 13 (41:34):
So the question isn't necessarily whether expenses go down. It's
whether people have a realistic understanding of what their expenses
will actually.

Speaker 14 (41:41):
Be exactly, and that's one of the reasons retirement planning
can be challenging. If someone underestimates their future spending needs,
they may believe that they're more prepared than they really are.
If they overestimate their spending needs, they may delay retire unnecessarily.

(42:02):
Either way, assumptions can lead to decisions that don't align
with reality.

Speaker 13 (42:07):
Another assumption we hear quite often involve social security.

Speaker 14 (42:10):
Absolutely many people know that they'll receive social Security, but
they haven't looked closely at their benefit estimates or considered
how claiming decisions affect their long term income. The difference
between claiming early and waiting can be significant, and yet
many people make those decisions without fully understanding the long term.

Speaker 3 (42:33):
Impact, which brings us back to information exactly.

Speaker 14 (42:36):
The better the information, the better the decision making process.
That's true for social security, it's true for taxes, and
it's true for investments. It is certainly true for retirement
income planning.

Speaker 3 (42:50):
What about investment assumptions.

Speaker 13 (42:52):
I think that's another area where people can get themselves
into trouble.

Speaker 14 (42:55):
It can be sometimes people assume that because markets have
performed well well recently, they'll continue performing well indefinitely. Other times,
people become overly pessimistic after a difficult market period and
assume that future will turns will be disappointing forever. Neither
assumption is particularly helpful. Successful retirement planning isn't built around

(43:19):
guessing what the market will or won't do next. It's
built around creating a strategy that can adapt to different
market environments over time.

Speaker 3 (43:29):
And that's where having a plan becomes so important.

Speaker 14 (43:31):
Absolutely, a retirement plan should provide a framework for decision making.
It should help answer questions like how much income do
I need, where will that income come from? How much
risk am I comfortable taking? What happens if markets decline?
How do taxes affect my retirement income. Without a plan,

(43:53):
those questions often go unanswered.

Speaker 3 (43:56):
And uncertainty tends to create stress. It does.

Speaker 14 (44:00):
One of the things we hear most often from clients
after they've gone through the planning process is that they
feel more confident, not because we can predict the future,
nobody can do that, but because they have a better
understanding of their situation and the options available to them.

Speaker 13 (44:16):
And confidence is really what many people are looking for
as the approach retirement.

Speaker 14 (44:20):
I think so most people aren't expecting perfection. They're looking
for clarity. They want to understand where they stand today
and what steps they can take to improve their chances
of achieving their goals.

Speaker 13 (44:32):
Which takes us back to the idea of financial independence exactly.

Speaker 14 (44:36):
Financial independence isn't about having the largest portfolio in town.
It's about having the confidence that comes from knowing your situation,
understanding your options, and having a strategy in place. For
some people, financial independence means traveling more. For others, it
means spending time with grandchildren. For another set of folks,

(44:58):
it simply means they won't have have to worry about
whether their income will last throughout retirement.

Speaker 13 (45:03):
As Americans, we celebrate Independence Day every year, but financial
independence is something that doesn't happen overnight.

Speaker 14 (45:10):
That's right, It's the result of years of saving, planning,
and making informed decisions. And those informed decisions begin with good,
solid information. That's why we spend so much time understanding
a client's goals, assets, income sources, expenses, and overall financial
picture before making recommendations.

Speaker 3 (45:32):
Because the output is only as good as the input.

Speaker 14 (45:35):
That's right, the more accurate the information, the more meaningful
the planning process becomes.

Speaker 13 (45:40):
As we wrap up today's show, i'd encourage listeners to
ask themselves a few questions. Are your retirement decisions based
on facts or assumptions? Do you have a clear understanding
of your future spending needs. Have you reviewed your social
Security benefits recently? Do you understand how your investments fit
into your overall retirement strategy, And, perhaps more most important,

(46:01):
do you have a written plan that ties all of
those pieces together.

Speaker 14 (46:04):
Those are important questions because before you can build a
successful retirement plan, you need a solid foundation, and that
foundation starts with understanding your current situation.

Speaker 13 (46:16):
If you'd like to learn more about our Safe Money
Strategies process, request a complementary copy of our Safe Money
Strategies workbook, or schedule an introductory call with me, we'd
love to hear from you. During that conversation, I'll explain
our process, answer any questions you may have, and help
determine whether it makes sense to take the next step.
For Greg Workman, I'm Mike Ducett. We hope you and

(46:37):
your family have a safe and enjoyable Fourth of July weekend.
Thank you for joining us for another edition of Safe
Money Strategies with Kelly Financial. Have a great week and
we'll see you next time.

Speaker 3 (46:52):
Hi.

Speaker 2 (46:52):
Everyone, this is William Kelly. Have you ever wished you'd
learned about money sooner? That's why I wrote Only the
Good invest you on simple, encouraging guide with real world
steps anyone can follow.

Speaker 3 (47:04):
I kept seeing the.

Speaker 2 (47:04):
Same thing people wishing someone had explained to basics earlier.
How to save, build good habits, avoid costly mistakes, and
create momentum even when you're starting's fall. And while all
investing involves risk, including the potential loss of principle, learning
the right habits early can make a meaningful difference over time,
whether you're eighteen or eighty. This book is about confidence, clarity,

(47:28):
and taking that first step. If you have a child,
a grandchild, or someone just beginning, this is a thoughtful
place to start for our listeners.

Speaker 3 (47:36):
We're sending out complimentary copies.

Speaker 2 (47:39):
Just called eight eight eight eight hundred and twenty one
or email Kelly at Kellyfinancial dot org and we'll send
you one.

Speaker 3 (47:45):
You can also find it on Amazon or Kindle.

Speaker 2 (47:47):
I'm William Kelly, and I hope this book helps someone
you love take their first step.

Speaker 12 (47:52):
Joining us now as she always does at this time.
She is the co founder, CEO, perresident of Kelly Financial Services,
and yes that is her wonderful.

Speaker 1 (48:04):
Name, Kelly Kelly Kelly. How are you.

Speaker 5 (48:10):
Good morning, Jeff, I am good. Many retirees spend years
saying Someday, someday they'll take that special trip, Someday they'll
spend more time with family, volunteer, or finally pursue a
passion they put off for years. The challenge is that
someday has a way of becoming next year, and then

(48:32):
years after that. In my book, Retire Your Fear, Plan
Your Future, I encourage people to think intentionally about the
life they want to create, not just financially, but personally
as well. Retirement isn't just about having enough money. It's
about having the freedom and confidence to enjoy the experiences

(48:55):
that matter most. That's why our Kelly Financial Advisors help
clients connect their financial resources with the retirement they've always envisioned.
If you like a complimentary copy of my book, Retire
Your Fear, Plan Your Future, just give us a call
or email Kelly at Kellyfinancial dot org. Jeff, Happy fourth

(49:18):
of July, My best, a Grace and the kiddos.

Speaker 12 (49:22):
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. All the best
to you and everyone at Kelly Financial. Okay to get
a copy of that book, Retire your Fear, Plan Your
Future by Kelly Kelly, call eight eight eight eight hundred
eighteen eighty one eight eight eight eight hundred eighteen eighty one,

(49:46):
or you can actually email Kelly Kelly directly Kelly at
Kelly Financial dot org.

Speaker 1 (49:52):
Kelly at Kelly Financial dot org.

Speaker 4 (50:01):
Safe Money Strategies eight eight eight eight hundred one eight
eight one.

Speaker 5 (50:11):
As we celebrate the fourth of July, we're reminded of
the freedoms we've been blessed to enjoy and the opportunities
this country has made possible.

Speaker 6 (50:21):
Bill believes one of the.

Speaker 5 (50:23):
Greatest ways to show our gratitude for those blessings is
by making sure the people we love are cared for
long after we're gone. This week, he shares his thoughts
on gratitude, embracing positive change, and why protecting your family's
legacy through thoughtful planning maybe one of the most important

(50:45):
decisions you'll ever make.

Speaker 6 (50:48):
Here's Bill Kelly.

Speaker 8 (50:52):
It's the fourth of July, and I'm sure most of
you will equate Independence Day with freedom. One thing that's free,
ladies and gentlemen, doesn't come must anything is gratitude, which
I have a lot of in my life, and I
hope you do too. I hope if you're listening and
you have wonderful people in your life, people you want
to help, people who are special to you, and you're

(51:13):
wondering how you can do things for them when you're
no longer here. That's called the state planning. And if
you're thinking there's no way to do it or it's
too difficult, you might want to realize that it changes quick,
Ladies and gentlemen. The first phase of change is not
knowing you need to change, and the second phase of
change is contemplation, wondering if the difference between what's happening

(51:36):
with you now and what it would be like if
you brought forth that change in your life, and comparing
the two. And if you say that you would love
to have things much more organized, you'd like much less risk,
you'd like much more assurance that somebody was looking out
for you rather than just sort of winging it on

(51:56):
your own or being held hostage to your statements, then
that's the second stage of change, contemplation. The third stage
is action, and that action is moving toward a different way,
and that might be the first day on the diet.
That might be the first day you decide I'm going

(52:18):
to do something differently today, and when that happens, for
some reason, contemplating the change and moving toward action actually
makes you feel better because you've put something in motion
and it's occurring and you know it's for the better.
So that's the third phase of change, action toward a

(52:38):
different outcome. Insanity is doing the same thing again and
again and expecting it to turn out differently, just going
to stay in there for one more year that I'm
getting out of the market, this, that, and the other thing,
and all of a sudden we find out that that
was the wrong thing to do, or it might have
been too long of staying in, not taking gains, not

(53:01):
harvesting our gains, little too much risk again. Kerry Markwitz
won the Nobel Prize for the Efficient Frontier of Risk
and Modern Portfolio theory, and the financial services community, for
the most part, has used it as a selling technique
to have clients buy different asset classes rather than for rebalancing.

(53:26):
So rebalancing should be done on a quarterly basis, Ladies
and gentlemen, And if someone's not doing that for you,
you might not have an advisor. You might have a
salesperson or some sort of broker, so you might want
to have an advisor in your life. If that's something
you wondering what it might feel like, you can call
eight hundred and one eight eighty one and have anything evaluated,

(53:50):
any question answered that we're expert on, or anything that
might be on your mind with which you might want
to speak to one of our advisors. The first stage
of change is you listening just a little bit longer
than you intended to in order to find out what

(54:11):
you might do, what it might feel like to have
a balance sheet, know what's happening with all of your investments,
what it might feel like to have a plan that's
going to save your assets for those you love. Might
want to know what it feels like to have all
of your investments on a risk reward scatterplot and know
actually how to operate that. And that's important, ladies and gentlemen,

(54:34):
for you to know those things. So we want to
keep those things in mind. We most certainly do as
we move ahead here and as that happens. We want
to be grateful people if we can be, and wonder
about the miracles of our ability to create wealth and
the blessings that come along with that, and we don't

(54:55):
want to feel guilty. We don't want to feel put upon,
and we don't want to feel that there's some we
have to feel terribly because we've attained affluence, and affluence
means having more than you need to make it on
this earth. In other words, if you have more than
you need, then you really affluent. There was a gentleman
who worked at the mobile station who is from Ethiopia,

(55:18):
and he had doubt every day as to whether or
not he was going to have access to fresh water.
So to him, America is a miracle, and to us
it's just what we expect every day, technological miracles, different
things that happen in hospitals. So if you want to
keep your family fortune in the family, you can call

(55:38):
eight hundred and one eight eighty one. We get thousands
of calls to this show, actually tens of thousands of
calls to the show, probably in excess of sixty thousand calls,
and it generally results in our having relationships with people
that lead to doing business. And we appreciate that. So
let us know what we can do. We are grateful

(56:01):
We know you are too. We know you're living a
great life. You've sacrificed, you have made it, You've helped others,
and now you want to keep your family fortune in
the family.

Speaker 4 (56:20):
We'll call Kelly Financial Services eight eight eight eight hundred
eighteen eighty one.

Speaker 5 (56:26):
I'm Kelly Kelly from Kelly Financial. Whether you're in your sixties, seventies,
or eighties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balance portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty

(56:49):
one or email Kelly at Kellyfinancial dot org.

Speaker 6 (56:53):
We're Kelly Financial. Come retire with us.

Speaker 4 (56:56):
Safe money strategies with William Kelly and Kelly Kelly. Go
to Kelly Financial dot org.