Kelly Financial: Saturday, June 27, 2026

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Episode Transcript

Speaker 1 (00:12):
It's coming to so 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 2 (00:29):
And practical advice.

Speaker 1 (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 turned entrepreneur, author
and philanthropist who believed in giving back and walking the talk.
Since five, 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

(01:13):
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 Ducet, Greg Workman, Greg Murray, my sister Mary, Madeline,
Tom Schleger, and Josh Smith. We live by two rules,

(01:34):
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 eighty eight eight
hundred one eight eight one. This is Safe Money Strategies.
Next up Forever young with Kelly Kelly and myself William

(01:57):
Kelly Junior.

Speaker 3 (02:02):
Safe Money Strategies with William Kelly and Kelly Kelly eight
hundred eighteen eighty one.

Speaker 4 (02:13):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Youngest
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

(02:36):
planning for the future. Sometimes is light, sometimes is thoughtful,
but it's always real. Good morning William, Good morning Mom.

Speaker 2 (02:44):
How are you.

Speaker 4 (02:45):
I'm doing great. How about yourself?

Speaker 1 (02:47):
I'm doing fantastic. It's been a busy week. Going to
be honest with you, I've had to take care of
the house alone so that you can go see Poppy
and your.

Speaker 2 (02:55):
Family during that week.

Speaker 1 (02:57):
Animals were perfect, but I had a little altercation with
Murray Madaline.

Speaker 4 (03:02):
You did do tail.

Speaker 1 (03:04):
Now, ladies and gentlemen, this is a very serious story. Okay,
So I'm gonna explain this as calmly as possible and
as accurately as possible. So Mary Madaline, she needs a favor.
I say, oh, you need a favor for me. That's
very interesting. She said, could precious Melly stay over this weekend. Now,
keep in mind, ladies and gentlemen, we've taken care of

(03:26):
this dog the weekend before, probably the weekend before that.
I think we're like on four weeks in a row
on the weekend or something close to that. Or we've
just constantly taken care of Melle and Marray Madlin goes out,
she travels the world. We've been a free babysitter for
a little while, okay, And Murray Madeline has been taking
very good advantage of that. I say, no, Murray Madaline.

(03:48):
I've got a handful already here. I'm taking care of
the house. The animals aren't a really, really, really good
rhythm right now. There's no problems. You know, Mellie's a
lot you know when she comes over. You know, she
you know, uses the bathroom in the house in some areas.
There's nothing I can do to stop it. I let
them out all the time, and she still does it.
She barks at six thirty in the morning. I wake

(04:09):
up like at seven, eight to nine, in that range.
I'll get no sleep. You know, she's she's just a
very high demand dog.

Speaker 2 (04:16):
She's a cute dog.

Speaker 1 (04:17):
She's precious, but she's in the puppy naughty stage right now,
you know what I mean. So Mary Madeleine, first off,
she denies that Melly makes any mistakes.

Speaker 2 (04:27):
She says, how Melly doesn't do that?

Speaker 1 (04:29):
And I said, oh yeah, ask my mom, ask everybody
who's been here like I, like she does she does
do this. Okay, this is like there is there's evidence
of it, multiple people know. So you can't you can't
pull one on me there, okay, and then Murray Madaline goes,
what am I supposed to do? I said, I don't know.
And just just to add some context here, I think

(04:51):
I forgot to add some very very important context of
the story. Murray Madaline was going to a baptism this weekend.
I'm pretty sure there's a baptism previous the weekend that
she went to, but I guess not.

Speaker 2 (05:01):
She claims there wasn't.

Speaker 1 (05:03):
So whatever, we'll give her the benefit of the doubt.
She's going to a baptism. Is it a family's baptism?
Was it Jackson's baptism? No, no ladies and gentlemen. Was
there like family members baptism? No, no ladies and gentlemen.
This was her boyfriend's friends babies baptism. Now you might
be thinking, Murray madel must be very very close friends
with these people. Know she's only known them a couple

(05:24):
of times, but I guess they've gotten really close to
the point.

Speaker 4 (05:26):
Where okay, let me break in, let me break in here.

Speaker 2 (05:29):
Okay, go for it, go for it.

Speaker 4 (05:29):
This is I'm gonna give you something to think about.
I just thought about this so forth. Okay, so not
long ago. It was before I left to visit Poppy.
Before I left, what happened with Georgia and who was
the hero?

Speaker 2 (05:46):
That's true.

Speaker 1 (05:48):
So Georgia got stuck under the floorboard under one of
our porches, like the on the side, there was like
this very small porch.

Speaker 4 (05:54):
Georgia got stuck in three hours. We didn't know. We
could not find.

Speaker 2 (05:58):
Her, couldn't.

Speaker 1 (05:59):
Her tracker said she was at the house, but we
thought she wasn't. Melly came over, found Georgia.

Speaker 4 (06:05):
And let us know immediately she went straight to Georgia.

Speaker 1 (06:08):
Yeah, Melly is a good dog. I'm not saying Melly
is a bad dog. I'm not saying nothing.

Speaker 4 (06:14):
She saved Georgia's life potentially.

Speaker 2 (06:16):
She potentially did. To be honest, I hope.

Speaker 4 (06:18):
We would have found her, but it was it was grueling.

Speaker 1 (06:21):
Yeah, Georgia didn't decide to make any noises until we
were nearby. I guess you know, she was trying to
work a way out, and then when she gave up,
I think she cried for her help and she heard
Melly or smelled Melly, and Mellie's found Marshall before. Melly's
a great dog. I'm not saying Melley is a bad dog,
don't get me wrong. But the animals are fine. Now
we block the area. George is in a good rhythm.

(06:43):
Mellie can create chaos, Okay. Murray Madaline is trying to
pretend like it's my fault. She can't do something with
Melly and can't go to this baptism of her boyfriend's
friend's child, whom of which she is not related to,
hum of which her boyfriend is not related to at all. Okay,

(07:03):
and Mary Malin said, what do I do? I said,
maybe don't go to the baptism, ladies and gentlemen. Is
that a crazy thought? I don't think it's a crazy thought.
I think it's perfectly okay to maybe not go to
the baptism but appreciate and say thank you for the invitation.
I think that's perfectly formal. Okay, But ladies and gentlemen,
I'm gonna stop complaining and I'm gonna leave you guys
with the thought.

Speaker 2 (07:22):
Okay, what do you think? Am I in the wrong here?

Speaker 1 (07:25):
Or is Mary Madaline and the right?

Speaker 2 (07:27):
Is it? My responsibility? Is it?

Speaker 1 (07:29):
Should I be taking care of her puppy? She lasted
me last minute. Okay, this is days before the weekend.
And by the way, she knew about this baptism for
at least three weeks neglected to tell us.

Speaker 2 (07:38):
Okay, so I don't I.

Speaker 1 (07:40):
Don't know, but I love Mary Madlin very much and
we all make mistakes, and I forgive her for this one, okay.

Speaker 2 (07:47):
But she sent me a text.

Speaker 1 (07:48):
Ladies and gentlemen, of a photo with me and Mellie,
and she said, you're no longer her uncle anymore. So
she's trying to psychologically like it under my skin here.

Speaker 2 (08:01):
And I I don't think I'm in the wrong.

Speaker 1 (08:03):
Like I know. I like to give her guff on
air because she's my sister and I love her and
it's all jokes. But this time I think I've actually
been wronged by Mary Madeline. And I just I'm in
deep shock. I'm in deep disappointment, you know. Honestly, I'm
a little sad.

Speaker 3 (08:18):
Well.

Speaker 4 (08:18):
I will say it's a bit too much for you
to handle, based on the last time I was away, Yes.

Speaker 2 (08:25):
Yes, last time you were waiting out.

Speaker 4 (08:26):
I think it got out of control, it really did.

Speaker 1 (08:30):
She's full of life, she's full of excitement, yes, and
she's just.

Speaker 4 (08:33):
When I'm there, it's not so bad. It takes about
twenty four hours for her to adjust a little bit.
But then you just she takes a lot of attention.

Speaker 2 (08:42):
She does. She's a very attention heavy dog. I love her,
you know, I love hanging because she's like her every weekend.

Speaker 1 (08:50):
Like now and then, but like four weekends in a row,
and I you know, I'm taking care of the fort myself.
Like that's a lot. But that's all I have to say.
I think that's what today's Forever Young is about. Is
family matters. Okay, like family issues here. Okay, we're we're
this is open to interpretation. Let us know your thoughts. Okay,
this is we need help. Okay, I need help. I

(09:13):
don't know if I'm crazier or not.

Speaker 4 (09:14):
So it's never boring, No, it's never boring.

Speaker 1 (09:17):
But back to our regularly scheduled financial information and education,
I suppose, and then.

Speaker 2 (09:24):
You know, a break from from family matters. So thank
you for listening.

Speaker 4 (09:29):
Oh William Blow, I you know what, I'm gonna let
you guys work it out.

Speaker 2 (09:37):
Maybe some clients.

Speaker 4 (09:38):
I'm gonna let you guys work it out. And I'm
going to see your grandfather.

Speaker 2 (09:42):
If clients have anything to say.

Speaker 1 (09:44):
And you know, if you still work with Mary Madaline,
or you have any comments, just you let us know.

Speaker 4 (09:49):
All right, you're funny, William do keep us on your dial.
We've got a lot of great content coming your way.
Mike do Said and Greg Workman. We'll discuss two of
the most import documents in any advisory relationship, the Investment
Policy Statement and Advisory Agreement, and explain how clarity, transparency,

(10:09):
and a written strategy can help investors stay focused on
their retirement goals. Mary Madeline Kelly and Greg Murray will
explain why successful investing isn't about chasing the latest headline.
It's about staying discipline, managing expectations, and keeping your long
term financial plan front and center. When William and I return,

(10:31):
we'll talk about how clarity, flexibility, and preparation can help
turn retirement uncertainty into confidence. And of course we'll close
the hour with some wit and wisdom from the late
Bill Kelly. His words continue to inspire and guide us.
That's a wrap for forever, Young Thank you for listening,

(10:52):
and William, thank you for joining me. We'll be back
with more great content. I love you, honey, I love you.

Speaker 5 (11:07):
Okay, my friends, let me tell you about Kelly Financial Services.

Speaker 2 (11:12):
You know how this goes.

Speaker 5 (11:13):
In January, everybody's disciplined, the budget is tight, the plan
is in place.

Speaker 2 (11:19):
Then you blank and it's June.

Speaker 5 (11:21):
Spending is crept up. Costs of climbed, healthcare expenses, inflation,
family needs, life doesn't slow down. That's why a midyear
retirement check in matters. Because a retirement plan you set
up once and never review, that's not really a plan. Kelly.
Kelly and her team have put together a complementary investor

(11:42):
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
eight hundred eighteen eighty one or email Kelly at Kelly

(12:05):
Financial dot org.

Speaker 6 (12:08):
Welcome back to safe Money Strategies with Kelly Financial. I'm
Mike Ducett, chief Operating Officer, joined as always by investment
advisor Greg Workman.

Speaker 2 (12:16):
Last week, Greg, we.

Speaker 6 (12:17):
Spent a lot of time discussing the advisor client relationship
and what clients should expect from their financial advisor. We
talked about communication, trust, transparency, and the importance of having
a long term partner as you move through retirement. Today,
I'd like to continue that conversation by discussing two documents
that formed the foundation of many advisory relationships, the investment

(12:41):
policy Statement and the advisory Agreement. Now, I realize neither
of those topics sound particularly exciting, but they are critically important.

Speaker 2 (12:50):
They absolutely are Mike.

Speaker 7 (12:52):
In fact, i'd argue that some of the most important
work that we do for clients happens before any investments
are selected. Many people think financial planning starts with choosing stocks, bonds,
mutual funds, or ETFs. In reality, it starts with understanding
the client's goals and creating a written framework for how

(13:12):
their money should be managed. That's where the investment policy
statement comes in.

Speaker 6 (13:17):
Let's start there. What exactly is an investment policy statement.

Speaker 7 (13:21):
An investment policy statement, often called an IPS, is a
written document that outlines a client's investment objectives, risk tolerance,
time horizon, income needs, and overall investment strategy. Think of
it as a blueprint for the portfolio. It answers the
question why are we investing this way? Without that framework,

(13:45):
investment decisions can be emotional inconsistent and reactive.

Speaker 2 (13:49):
And emotions can be dangerous when it comes to investing.

Speaker 7 (13:52):
Very dangerous markets go up and down, headlines create fear
and uncertainty. Investors are constantly being bombarded with opinions from
television personalities, social media influencers, friends, neighbors, and co workers.
Without a clearly defined strategy, people often find themselves chasing
performance when markets are rising and abandoning their plan when

(14:15):
markets decline. An investment policy statement is designed to help
prevent it.

Speaker 2 (14:21):
Walk us through how one gets created.

Speaker 7 (14:22):
At Kelly Financial. It starts with our safe Money Strategies process.
Before making any investment recommendations, we spend considerable time understanding
the client's complete financial picture. We review their assets, liabilities,
retirement goals, anticipated spending needs, pension benefits, social security options,

(14:45):
tax situation, healthcare concerns, as state planning objectives, and overall
comfort with risk. Only after we've gathered that information can
we begin developing a strategy that is tailored to the client.
The investment policy statement then documents those decisions and serves
as a roadmap moving forward.

Speaker 2 (15:06):
Let's use a hypothetical example.

Speaker 6 (15:08):
Suppose we have a couple Joe and Maria Joe is
sixty four, Maria is sixty two, and they're hoping to
retire within the next two years. How would an investment
policy statement help them?

Speaker 7 (15:19):
First, we'd identify what they want retirement to look like.
How much income will they need, what sources of income
will be available, When should they claim Social Security? How
much travel do they plan to do, What concerns do
they have regarding healthcare? What legacy goals do they have

(15:40):
for their children and or grandchildren. Those answers help shape
the overall strategy. One of the biggest mistakes investors make
is focusing solely on investment returns without considering how those
investments fit into the overall plan. For Joe and Maria,
the goal isn't necessarily to maximize returns.

Speaker 2 (16:03):
The goal may.

Speaker 7 (16:04):
Be creating sustainable income while managing risk.

Speaker 2 (16:08):
And that's an important distinction.

Speaker 7 (16:09):
It really is the purpose of investing changes as people
approach retirement. When you're thirty years old, your primary goal
may be growth. When you're retired, your priorities often shift
toward income preservation, tax efficiency, and reducing unnecessary risk. The

(16:30):
investment policy statement helps align the portfolio with those objectives.

Speaker 6 (16:35):
One thing that surprises me is how many people come
into our office who have accumulated substantial retirement savings but
have never actually seen an investment policy statement.

Speaker 2 (16:44):
It's more common than you think.

Speaker 7 (16:46):
In fact, I'd encourage listeners to ask themselves a few
questions right now. Do you have a copy of your
investment policy statement? Has your advisor ever provided one? Do
you clearly under understand your investment strategy? Could you explain
to someone why your portfolio has invested the way it is?

(17:07):
And if the answer is no, the next question should
be why has it ever been discussed? Has it ever
been documented? Has your advisor simply focused on investment products
without explaining the overall strategy. Because your retirement savings represent
decades of hard work and sacrifice, you deserve how to

(17:28):
understand how those assets are being managed and why. That's
a powerful point. Many people know what investments they own.
They can tell you they own mutual funds or exchange
traded funds. They can tell you their account balances, but
they can't explain how those investments fit into a larger
retirement strategy. In many cases, they have investments, but they

(17:50):
don't necessarily have a plan.

Speaker 2 (17:52):
And that's where the written document becomes so valuable.

Speaker 7 (17:55):
Exactly the investment policy statement provides clarity. It establishes expectations,
It documents objectives, It, perhaps most importantly, creates discipline. When
markets are strong, it helps discourage investors from becoming overly aggressive.
When markets are struggling, it helps avoid emotional decisions that

(18:18):
can permanently damage a retirement plan. The IPS serves as
a reminder of the decisions that were made when emotions
weren't driving the conversation.

Speaker 6 (18:29):
I imagine that becomes especially valuable during periods of market volatility.

Speaker 2 (18:33):
Absolutely.

Speaker 7 (18:34):
Think back to the financial crisis, think about the pandemic,
think about every major market correction over the last several decades.
Those periods create fear. Investors begin questioning everything. Should I sell,
Should I move to cash? Should I completely change my strategy?

(18:54):
A well designed investment policy statement provides a framework for
evaluating those decisions rationally rather than emotionally.

Speaker 6 (19:04):
And I assume it's not a document that gets created
and then forgotten.

Speaker 2 (19:08):
Not at all.

Speaker 7 (19:09):
Life changes, retirement dates change, family circumstances change, income needs change,
and tax laws change. An investment policy statement should be
reviewed periodically to ensure it continues to reflect the client's
goals and objectives.

Speaker 2 (19:28):
It is a.

Speaker 7 (19:29):
Living document that evolves as the client's life evolves.

Speaker 6 (19:33):
When we come back, we're going to discuss another important
document that every investor should understand, the advisory Agreement. We'll
explain what it covers, what services should be included, and why.
Understanding the advisor client relationship is every bit as important
as understanding your investments. And while we're at the break,
if you haven't already requested your complementary copy of Safe

(19:55):
Money Strategies, give us a call today. We'll be happy
to send one to you, or you can visit our
website and download a free copy there as well. You're
listening to Safe Money Strategies with Kelly Financial, We'll be
right back.

Speaker 3 (20:10):
Kelly Financial Services eight eight eight eight hundred eighteen eighty one.

Speaker 4 (20:16):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future, explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen

(20:38):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.

Speaker 3 (20:46):
The Money Wrap with Kelly Financial Advisors, Greg Murray and
Mary Madeline Kelly.

Speaker 2 (20:53):
Good morning.

Speaker 8 (20:54):
This is Greg Murray, Senior vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Medlin Kelly, one of our wealth advisors. How are you
doing today?

Speaker 4 (21:03):
Hi?

Speaker 9 (21:03):
Greg, I'm doing great And I think today's topic is
especially timely because it feels like everywhere you look there's
a new investment everyone is talking about. Recently, we've seen
tremendous excitement surrounding the SpaceX IPO, and it reminds me
of something that happens over and over again in investing.

Speaker 1 (21:20):
That's right.

Speaker 8 (21:20):
Today, we're going to talk about how investors can avoid
getting caught up in the hype and why managing expectations
is so important.

Speaker 9 (21:27):
And before we go any further, this isn't about whether
SpaceX is a good company or a bad company. In fact,
many of the investments that generate the most excitement are
often incredible businesses. That said, nothing in this discussion should
be interpreted as a recommendation to buy, sell, or hold
any investment and it's provided solely for informational and educational purposes.

Speaker 8 (21:48):
Exactly. The question isn't whether a company is impressive. The
question is whether investors are making rational decisions or emotional
decisions when evaluating opportunities.

Speaker 9 (21:57):
Because when a company captures the public's imagination, something interesting happens.
People stop talking about valuation, risk and expectations. They start
talking as if success is guaranteed.

Speaker 2 (22:08):
And we've seen this movie before.

Speaker 9 (22:10):
Absolutely, whether it was Internet stocks in the late nineteen nineties,
housing in the mid two thousands, meme stocks, cryptocurrency booms,
artificial intelligence are now some of the most exciting surrounding
major IPOs. The pattern tends to be similar. A compelling
story emerges, the story attracts attention.

Speaker 2 (22:28):
The attention attracts more investors.

Speaker 9 (22:30):
The rising prices attract even more investors.

Speaker 8 (22:32):
And eventually people begin buying because everyone else seems to
be buying.

Speaker 9 (22:36):
Exactly, the fear of missing out becomes stronger than the
desire to make the disciplined investment decision.

Speaker 10 (22:41):
And that's where investors can get into trouble because by
the time something becomes the hottest topic at every dinner table,
social media feed the news program, a lot of the
optimism may already be reflected in the price.

Speaker 8 (22:53):
One of the biggest mistakes investors make is assuming that
a great company automatically means a great investment.

Speaker 9 (22:58):
That's such an important disc A company can be fantastic
and still be overpriced. Likewise, a company can face challenges
and still be a good investment if expectations are reasonable.

Speaker 8 (23:09):
At the end of the day, investing is about balancing
opportunity and expectations.

Speaker 9 (23:14):
And expectations matter more than people realize. When excitement is
extremely high, companies don't just have to perform well, they
have to perform better than already lofty expectations.

Speaker 8 (23:24):
Another thing we see during these periods is people abandoning
their investment process.

Speaker 9 (23:28):
Exactly Suddenly, diversification seems boring, long term planning seems boring.
People become convinced that one opportunity is different from everything else.

Speaker 8 (23:37):
And of course, investing involves risk, including the potential loss.

Speaker 9 (23:40):
Of principle, which is why it's important to remember that
no investment only goes up. Every investment carries risk, even
the ones that seem unstoppable at the moment.

Speaker 8 (23:49):
One of my favorite questions to ask is but I
still want to own this investment if nobody was talking
about it.

Speaker 9 (23:54):
That's a great question because it forces you to focus
on the fundamentals rather than the excitement.

Speaker 8 (23:59):
And that's where just sciplined investors tend to separate themselves
from emotional investors.

Speaker 9 (24:03):
The discipline investor asks does this fit my goals? Does
it fit my risk tolerance? Does it fit my overall plan?

Speaker 8 (24:09):
The emotional investor often asks how quickly can I get
in before everyone else does?

Speaker 9 (24:14):
And historically that's usually not a great framework for making
long term decisions.

Speaker 8 (24:19):
So for our listeners, the takeaway isn't avoiding exciting opportunities.

Speaker 9 (24:23):
It's to avoid making decisions based solely on.

Speaker 2 (24:25):
Excitement, because hype comes and goes.

Speaker 9 (24:27):
But a discipline financial plan is designed to last through
every trend, every headline, and every market cycle.

Speaker 8 (24:33):
And as always, every investor's situation is unique and investments
decisions should be based on individual goals, risk tolerance, and
time horizon.

Speaker 9 (24:41):
But if you ever find yourself wanting to invest in
something simply because everyone else seems excited about it, that's
probably a good time to slow down and ask a
few more questions.

Speaker 2 (24:50):
Well said, that's going to wrap things up for today.

Speaker 8 (24:52):
If you like help evaluating investment opportunities and making sure
your portfolio remains aligned with the long term goals, give
us a call.

Speaker 9 (24:59):
Absolutely, Thanks Greg, and enjoy your weekend.

Speaker 3 (25:02):
To get in touch with Greg Murray or Mary, Madeline
Kelly or any member of the Kelly Financial team, call
eighty 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 4 (25:25):
Take care, Welcome back to Save Money Strategies. I'm Kelly
Kelly alongside my son, William Kelly Junior.

Speaker 2 (25:39):
Great to be with you again, William.

Speaker 4 (25:41):
Today we're kicking off a new series where we're going
to tackle some of the biggest retirement myths we hear
from people every day. And today's myth is one that
sounds harmless on the surface, but it can create problems
if people believe it for too long.

Speaker 2 (25:58):
What's the myth?

Speaker 4 (25:59):
It's this, I don't really need a retirement plan because
my retirement is going to be simple.

Speaker 2 (26:06):
I can see why people might think that.

Speaker 4 (26:07):
Absolutely, some people believe retirement will be simple because they
don't have a lot of assets to manage. Others believe
it will be simple because they've accumulated enough money they
feel secure. But retirement is about much more than money.

Speaker 2 (26:24):
It's really about life exactly.

Speaker 4 (26:26):
Retirement involves decisions about health, family, housing, lifestyle, and adapting
to whatever life brings your way. And that's true whether
you have a modest, nest egg or substantial savings.

Speaker 1 (26:42):
Let's start with the people who say I don't have
enough money to need a plan.

Speaker 4 (26:46):
And that's a common one. Many people think planning is
only for very wealthy families with large portfolios and complicated estates.
But having fewer assets does not eliminate important decisions. In
many cases, it makes those decisions even more important.

Speaker 2 (27:05):
Because there's less room for surprises.

Speaker 4 (27:07):
That's right. Questions about healthcare, housing costs, transportation, budgeting, and
helping family members affect retirees at every income level. Life
doesn't become simple just because the numbers are smaller.

Speaker 1 (27:24):
And unexpected expenses can have a bigger impact.

Speaker 4 (27:27):
Exactly. I've met retirees who weren't worried about the stock market.
What concerned them was paying for a new roof, replacing
a vehicle, or dealing with rising medical costs. Retirement challenges
aren't reserved only for wealthy families. Life happens to everyone.

Speaker 1 (27:46):
But then there's the opposite side of the equation.

Speaker 4 (27:48):
There is some people have saved diligently for decades and
feel they've accumulated enough that planning is no longer necessary.

Speaker 2 (27:57):
Which sounds reasonable at first.

Speaker 4 (27:59):
It does, but even substantial assets do not eliminate uncertainty.
They simply create a different set of decisions, such as
healthcare planning, taxes, charitable giving, legacy goals, supporting children or grandchildren,
and long term care considerations. Retirement can last twenty thirty

(28:22):
or even thirty five years. That's long enough for circumstances
to change.

Speaker 2 (28:27):
And things always change.

Speaker 4 (28:29):
They do. Inflation changes, tax law changes, family situations change,
health changes, priorities change. Having money can solve many problems,
but it does not eliminate the need to make thoughtful decisions.

Speaker 1 (28:46):
So, regardless of income level, retirement still requires planning.

Speaker 4 (28:50):
Exactly, and one reason people underestimate that is that they
don't realize how many moving parts retirement actually contains.

Speaker 1 (28:59):
And most people think we're Rehirement is simply leaving work.

Speaker 4 (29:01):
Behind, but retirement is really the beginning of a new
phase of life. Healthcare becomes more important, housing decisions become
more important. Family dynamics often change. Parents' age, children may
need support, grandchildren arrive. Life continues to evolve.

Speaker 1 (29:22):
Even positive changes, creating new decisions they do.

Speaker 4 (29:25):
Maybe you want to travel more, maybe you want to
relocate closer to family. Maybe you want to spend more
time volunteering. All wonderful goals, but each one requires planning
and adjustment.

Speaker 1 (29:39):
Retirement isn't really a finish line.

Speaker 4 (29:41):
That's exactly right. It's a new chapter, and unlike what
many people imagine, that chapter continues to change over time.

Speaker 1 (29:51):
The retirement you picture today may not look the same
ten years from now.

Speaker 4 (29:55):
Not even close interests change, health needs change, family reali
relationships change, New opportunities appear, Unexpected challenges arise. The goal
isn't to predict every detail of the future, because that's impossible.

Speaker 2 (30:11):
The goal is to be prepared for change exactly.

Speaker 4 (30:15):
One of the most valuable assets or retire can have
is flexibility. People who understand their overall situation are often
better positioned to adapt when life takes an unexpected turn.

Speaker 1 (30:28):
And that seems to be where confidence comes from.

Speaker 4 (30:31):
It does confidence isn't knowing exactly what's going to happen.
Confidence comes from understanding your options and knowing you're prepared
to make informed decisions when circumstances change, which is.

Speaker 1 (30:45):
Very different from simply assuming everything will work out.

Speaker 4 (30:48):
That is the key distinction. Assumptions can create blind spots.
Understanding creates confidence.

Speaker 1 (30:55):
And that's one of the core messages in your book,
Retire your Fear, Plan your Future.

Speaker 4 (31:00):
It is the more clearly people understand their overall retirement picture,
the more confidence they often have moving forwards. Retirement decisions
involve much more than investments. They involve the life you
want to live and the flexibility to adapt as life changes.

Speaker 1 (31:19):
And when we come back, we're going to talk about
practical ways people can prepare for life's uncertainties without making
retirement feel complicated.

Speaker 4 (31:27):
Stay with us, we'll be right back.

Speaker 3 (31:33):
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 11 (31:43):
Ready, there's nothing like the crew races on the Charles River.

Speaker 2 (31:48):
When the boats cross the finish line.

Speaker 11 (31:50):
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 rivers we row also require these very qualities.

(32:12):
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 Financial. We believe you've got to have the

(32:34):
right team and crew and in retirement, how will you
cross the finish line? He are Kelly Financial Services.

Speaker 2 (32:41):
Come retire with.

Speaker 3 (32:42):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight hundred eighteen eighty one.

Speaker 4 (32:53):
Care that welcome back to Safe Money Strategies. I'm Kelly
Kelly alongside my son William Kelly Junior.

Speaker 2 (33:06):
Thanks for joining us today.

Speaker 4 (33:08):
Before the break, we talked about one of the biggest
retirement myths out there, the belief that retirement will somehow
be simple, so there's really no need for a plan.

Speaker 1 (33:18):
And what we found is that retirement is about a
lot more than money exactly.

Speaker 4 (33:23):
It's about your health, your family, your home, your priorities,
and your ability to adapt as circumstances change. So now
let's talk about how people can prepare for those changes
without making retirement feel overwhelming.

Speaker 1 (33:39):
Because when people hear the word planning, they sometimes think
it has to be complicated.

Speaker 4 (33:44):
That's right, but good planning isn't about complexity, it's about awareness.
Many retirement mistakes begin with assumptions rather than facts.

Speaker 2 (33:55):
What do you mean by that?

Speaker 4 (33:56):
People assume their expenses will stay the same, assume their
health will stay the same. They assume family circumstances won't change.
But assumptions can be very risky.

Speaker 1 (34:09):
So the first step is understanding reality exactly.

Speaker 4 (34:12):
Every family is different, every retirement is different. The more
clearly you understand your current situation, the easier it becomes
to make thoughtful decisions about the future.

Speaker 1 (34:25):
And that's true regardless of how much money someone has saved.

Speaker 4 (34:28):
Absolutely, retirement confidence often begins with an honest assessment of
where you are today, What are your goals, what are
your concerns, what opportunities do you have, what challenges might
lie ahead?

Speaker 1 (34:43):
It sounds simple, but a lot of people never start
to ask those questions.

Speaker 4 (34:47):
They don't. And another mistake people make is focusing only
on their account balances.

Speaker 1 (34:53):
That's how many people measure retirement success.

Speaker 4 (34:55):
It is, but account balances tell only part of the
Storyient isn't just about a financial event. It's a life event.

Speaker 1 (35:04):
Meaning there are other factors that matter just as much exactly.

Speaker 4 (35:08):
Your health matters, your housing situation matters, your family relationships matter,
and your sense of purpose matters.

Speaker 1 (35:17):
That's something people often overlook they do.

Speaker 4 (35:20):
Many people spend years preparing financially for retirement, but very
little time thinking about how they'll spend their days. Retirement
satisfaction is often tied to purpose, routine and staying engaged.

Speaker 1 (35:35):
So retirement success isn't measured only by what you've accumulated exactly.

Speaker 4 (35:40):
It's also measured by how you live.

Speaker 1 (35:43):
Another thing we hear a lot is that people don't
want to think about potential problems.

Speaker 4 (35:47):
That's true, nobody enjoys thinking about health issues, family emergencies,
or unexpected expenses. But preparing for possibilities is not negative.

Speaker 1 (35:59):
Is because life doesn't always go according to plan exactly.

Speaker 4 (36:04):
The goal isn't to predict every challenge is simply to
be better prepared when challenges arise.

Speaker 1 (36:11):
And sometimes that starts with simple conversations.

Speaker 4 (36:14):
Conversations with spouses, conversations with adult children, conversations about healthcare wishes,
living arrangements, caregiving responsibilities, and financial priorities.

Speaker 1 (36:27):
Those conversations may feel uncomfortable today, but they can prevent
confusion later.

Speaker 4 (36:32):
That's exactly right. Preparation doesn't create problems, it helps solve them.

Speaker 1 (36:38):
And preparation works best when it's paired with flexibility.

Speaker 4 (36:42):
That's one of the biggest lessons I've learned after more
than three decades in this business. Retirement rarely follows a
perfectly straight line.

Speaker 1 (36:52):
Life tends to throw a few curveballs.

Speaker 4 (36:54):
It certainly does. Family needs change, health changes change. The
retirees who adapt most successfully are usually the ones who
remain flexible.

Speaker 2 (37:07):
They don't get locked into one rigid version.

Speaker 4 (37:09):
Of retirement exactly. They have a direction, but they're willing
to adjust when life changes.

Speaker 2 (37:15):
That's a great way to look at it.

Speaker 4 (37:17):
And flexibility becomes even more valuable when you realize that
retirement planning isn't a one time event.

Speaker 1 (37:25):
A lot of people think they create a plan retire
and they're done.

Speaker 4 (37:28):
But retirement is an ongoing process. Family circumstances evolve, personal
goals evolve, health needs evolve, and that's why periodic reviews
can be so valuable.

Speaker 1 (37:41):
Small adjustments are often easier than major corrections.

Speaker 4 (37:45):
Exactly, it's much easier to make gradual course corrections than
to wait until a significant problem develops.

Speaker 2 (37:52):
Which brings us back to a message you've shared for years.

Speaker 4 (37:55):
Confidence doesn't come from predicting the future. It comes from
under standing your situation and being prepared to adapt.

Speaker 1 (38:04):
And that's really the message behind your book, Retire your Fear,
Plan your Future.

Speaker 4 (38:08):
It is the book encourages people to move beyond common
retirement myths and focus on building confidence through preparation, not perfection.

Speaker 1 (38:19):
Preparation because nobody gets a perfect retirement.

Speaker 4 (38:22):
Exactly what most people are really looking for isn't perfection,
is clarity. They want to understand where they stand and
what opportunities they have and what challenges they may face.

Speaker 1 (38:36):
And when people have that clarity, they tend to worry less.

Speaker 4 (38:39):
They do they spend less time wondering and more time
enjoying life. That's why our advisors spend so much time
helping families understand their bigger picture. When all the pieces
begin to fit together, retirement often feels a lot less intimidating.

Speaker 1 (38:56):
And a lot more enjoyable.

Speaker 4 (38:57):
Exactly if you'd like to learn more, we'd be happy
to send you a complementary copy of my book, Retire
Your Fear, Plan Your Future. It explores many of the
retirement challenges we've discussed today and provise practical insights to
help you prepare with greater confidence.

Speaker 1 (39:16):
It's a great resource for anyone approaching retirement or already retired.

Speaker 4 (39:20):
Give us a call at eight eight eight eight hundred
eighteen eighty one or email us at Kelly Kellyfinancial dot
org to request your complementary copy.

Speaker 1 (39:31):
More informative content coming your way.

Speaker 4 (39:34):
Stay with us, We'll be right back.

Speaker 3 (39:38):
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 6 (39:49):
Welcome back to Safe Money Strategies with Kelly Financial. I'm
Mike du said, Chief operating Officer, joined as always by
investment advisor Greg Workman. Before the break, we discussed the
Investment Policy Statement or IPS, and why every investor should
have a clear understanding of their investment strategy. We talked
about the importance of documenting goals, risk tolerance, retirement objectives,

(40:11):
and creating a roadmap for managing assets through different market environments.
Now we'd like to discuss another important document that every
investor should understand, the advisory Agreement.

Speaker 2 (40:22):
Greg.

Speaker 6 (40:22):
When people hear those words, they often think it's just
another form to sign.

Speaker 7 (40:26):
That's true, Mike, but the advisory agreement is much more
than paperwork. It is the document that defines the relationship
between the client and the advisory firm. It outlines the
services being provided, the responsibilities of both parties, and perhaps
most importantly, how the advisor is compensated.

Speaker 6 (40:48):
And that's where I'd like to spend most of our
time today, because one of the things that continues to
surprise me is how many people don't know what they're
paying for investment advice.

Speaker 2 (40:57):
I couldn't agree more.

Speaker 7 (40:58):
We meet perspective clients every week who have worked with
advisors for years and can't answer some very basic questions.
What fees are you paying, how are those fees calculated,
how are they deducted from your accounts? What services are included?
Do you have those arrangements in writing, and many times

(41:20):
the answer is I'm not really sure.

Speaker 6 (41:23):
And that's concerning, not because there's necessarily anything wrong with
the fee they're paying, but because clients should understand exactly
what they're paying and exactly what they're receiving in return.

Speaker 7 (41:34):
Absolutely, transparency should be a fundamental part of every advisor
client relationship. The client should know how the advisor is compensated,
the client should understand what services are being provided, and
all of that should be clearly documented.

Speaker 6 (41:51):
At Kelly Financial, we believe those conversations should happen early
in the process. In fact, one of the first things
I discussed during an introductory phone call is fees. Before
someone ever comes into our office, I explain how we're compensated,
how our fees work, and answer any questions they may have.

Speaker 7 (42:08):
And I think that's important because if someone is evaluating
whether an advisory relationship makes sense for them, they should
have all of that information up front.

Speaker 2 (42:17):
There shouldn't be any surprises later exactly if it appears
we may be a good fit.

Speaker 6 (42:23):
The next step is usually for me to send a
copy of our Safe Money Strategies workbook. The purpose of
the workbook is to gather the information we need to
better understand a client's goals, assets, income sources, retirement objectives,
and overall financial pitcher.

Speaker 2 (42:38):
And that's a critical step in the process.

Speaker 7 (42:41):
Before making recommendations, we need to understand the facts. The
recommendations we provide should be based on the client's unique circumstances,
not assumptions. Once we've reviewed the completed workbook and supporting documentation,
we're able to conduct a much deeper analysis and prepare

(43:02):
for the planning process.

Speaker 2 (43:04):
And then if a client decides they like to move
forward with Kelly Financial.

Speaker 7 (43:07):
That's when we schedule an onboarding meeting. At that meeting,
we review and complete the investment policy statement and the
advisory agreement. We review everything together. Nothing is rushed, nothing
is hidden. We explain the strategy, we explain the services,
we explain the fees, we answer questions, and we make

(43:29):
sure clients understand exactly what they're signing and.

Speaker 6 (43:33):
Why, because that's how a long term relationship should begin.

Speaker 7 (43:36):
Absolutely, the strongest advisor client relationships are built on communication, trust, transparency,
and clearly defined expectations. The investment policy statement documents the strategy,
the advisory agreement documents, the relationship together, they help create
the foundation for a successful long term partnership.

Speaker 6 (43:59):
And I think that's one of the reasons our clients
appreciate the process. The fee discussion isn't buried somewhere in
the paperwork at the end. It's discussed during the introductory call,
it's discussed during our meetings, and then it's documented in
writing within the advisory agreement exactly.

Speaker 7 (44:14):
We believe clients should never have to wonder what they're
paying or what they're receiving in return. Everything should be
clearly explained and documented. When expectations are clear from the beginning,
it creates a better experience for all involved.

Speaker 6 (44:31):
As we wrap up today's show, i'd encourage listeners to
ask themselves a few important questions. Do you have a
copy of your investment policy statement, do you understand your
investment strategy?

Speaker 2 (44:42):
Do you know what fees you're paying?

Speaker 6 (44:44):
Do you know how those fees are calculated, do you
know how they're deducted? And do you have the information
in writing? And do you understand what services you're receiving
in return?

Speaker 7 (44:54):
Those are great questions because every investor deserves answers, and
if you don't know the answers, it may be time
to have a conversation with your advisor.

Speaker 6 (45:04):
If you'd like to learn more about our Safe Money
Strategies process, request a complementary copy of the Safe Money
Strategies Workbook, or schedule an introductory call with me.

Speaker 2 (45:13):
We'd love to hear from you.

Speaker 6 (45:15):
During that conversation, I'll walk you through exactly what we've
discussed today, explain our process, answer any initial questions you
may have, and help determine whether it.

Speaker 2 (45:24):
Makes sense to take the next step.

Speaker 6 (45:26):
And next week we'll dive deeper into one of the
most overlooked aspects of retirement planning, gathering the right information.
We often say that the output is only as good
as the input, and we'll explain why having accurate information
can make all the difference when creating a retirement plan.
For Greg Workman, I'm Mike Ducett. Thank you for joining
us for another edition of Safe Money Strategies with Kelly Financial.

(45:49):
Have a great week and we'll see you next time.

Speaker 1 (45:55):
Hi, everyone, this is William Kelly. Have you ever wished
you'd learn about money sooner? That's why I wrote Only
the Good invest You on a simple, encouraging guide with
real world steps anyone can follow.

Speaker 2 (46:06):
I kept seeing the.

Speaker 1 (46:07):
Same thing people wishing someone had explained to basics earlier,
how to save, build good habits, avoid costly mistakes, and
create momentum even when.

Speaker 2 (46:16):
You're starting's fall.

Speaker 1 (46:17):
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, 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.

(46:39):
We're sending out complimentary copies. Just called eight eight eight
eight hundred and twenty one or email Kelly at Kellyfinancial
dot org and we'll.

Speaker 2 (46:47):
Send you one.

Speaker 1 (46:47):
You can also find it on Amazon or Kindle. I'm
William Kelly, and I hope this book helps someone you
love take.

Speaker 5 (46:53):
Their first step, joining us now as she always does
at this time. He is the co founder, CEO, and
president of Kelly Financial Services, and yes, that is her wonderful.

Speaker 2 (47:09):
Name, Kelly Kelly Kelly.

Speaker 4 (47:13):
How are you, good morning, Jeff, I am good. One
retirement myth I hear all the time. My retirement will
be simple, so I really don't need a plan. Sometimes
that comes from people who feel they haven't saved enough
to worry about it. Other times it comes from people
who believe they've saved plenty and everything will simply work

(47:36):
itself out. But retirement isn't just about money. It's about
healthcare decisions, family responsibilities, housing choices, changing priorities, and adapting
to whatever life brings your way. That's one of the
reasons I wrote my book, Retire Your Fear Plan, Your Future.
My goal was to help people see the bigger picture

(47:58):
and approach retirement with great confidence and less uncertainty. At
Kelly Financial, we help individuals and families organize the pieces
of their retirement picture so they can make informed decisions
about the future. To request your complementary copy of Retire
Your Fear Plan, Your Future, give us a call or

(48:19):
email us at Kelly at Kellyfinancial dot org. Jeff, have
a wonderful weekend, My best, Grace and the kiddos.

Speaker 5 (48:27):
Thank you, Kelly, all the best to you and everyone
at Kelly Financial. To get a copy of that book,
Retire Your Fear Plan Your Future by Kelly Kelly, and
I urge all of you, if you can do, get
it call now eight eight eight eight hundred, eighteen eighty
one eight eighty eight eight hundred eighteen eighty one, or

(48:50):
you can actually email Kelly herself personally Kelly at Kellyfinancial
dot org.

Speaker 2 (48:56):
That's Kelly at Kelly Financial.

Speaker 3 (49:06):
Safe Money Strategies eight eight eight hundred one eight eight one.

Speaker 4 (49:13):
Every family has its quirks, and Bill Kelly was never
shy about sharing his. This week, Bill takes us from
the great mystery of the missing hair brush, to bean sandwiches,
childhood memories, and a touching reflection on his father. As
always is funny, heartfelt, and filled with the kind of

(49:34):
wisdom that can only come from a life well lived.
Here's Bill Kelly.

Speaker 12 (49:40):
I have some personal problems we're going to discuss on
the air today too. My home life has been suffering,
so my family's been mistreating me basically, and I just
want to have it out. I want to get it
out on the air. I want the public to know
what's happening in my household. So I have a brush,
ladies and gentlemen, It's probably twelve years old.

Speaker 1 (50:03):
It's around.

Speaker 12 (50:04):
The brush looks like a TUTSI rollpop with toothpick sticking
out of it. And has a black handle. Now I
have the brush, I also have no hair. I mean
my son William's hair. My daughter Mary Malin's hair is
so thick that it takes like two hairdressers once she
goes in, but they call him stylists now. And my

(50:25):
wife's hair is legendarily thick. You know, it's unbelievable. So
they have spray bottles, they have blow dryers, they have
beer kins. They put the big thick rollers they roll
their hair and they blow them. They put heat on them,
and then they come after my brush. So the brush

(50:46):
has about twelve little things in it left. So I've
got a brush that looks like a Tutsi roll pop
with twelve toothpicks coming out of it. And so you think,
ladies and gentlemen, when you get down to that line
of really, it's not even a brush anymore. It looks
like some kind of an instrument a carpenter would use

(51:07):
that people wouldn't steal your brush, but they steal my brush.
Still there's something in those last little twelve little toothpicks
on the end of a Tutsio pop that makes them
think that it's going to make their hair more beautiful.
And I don't know that it's missing until I get
out of the shower. And it's the only thing in
life I care about as far as physical things. Is

(51:30):
my hair brush, my razor, and I have a can
of canned milk in the refrigerator that I use for
my coffee because that's the way my grandfather did it.
That's the way I've always done it. That's what I
use carnation because pet went out of business. So those
are the three items in my life I really care about.

(51:51):
And guess what My brush was missing the other morning.
How could it be missing? I don't know, said where's
my brush? And my wife came upstairs and Kelly said,
I don't know where your brush is and I said, well,
I didn't move it. So then we had to all
search for my brush and we found it over by

(52:11):
a computer, Ladies and gentlemen. So that is what's happening
in my house right now. People don't believe what little
I need in life. I ask for nothing, ask for nothing,
and I can't get it, Ladies and gentlemen. I used
to go to school on Monday mornings. Ladies and gentlemen,
I have a bean sandwich. Do you know what that is.

(52:34):
It's bean in brick oven baked beans spread on a
piece of wonderbread with mustard on it, and then you
put the other piece of bread on there. You do
that twice. You cut them in half, you cover them
in wax paper, You put them in a little lunch bag,
throw in an apple, and you've got lunch. Because when

(52:55):
you get to school, guess what you get for three cents,
you get all the milk.

Speaker 2 (52:58):
That's what we got.

Speaker 12 (53:01):
We didn't have a woman inspecting our launches because if
they inspected them, they would have cringed in horror, even
back in nineteen fifty eight. But I loved my bean sandwiches,
and some days we'd have roast beef sandwiches. So we
couldn't afford the pretzels, the Fredo's. The kids that had
the Fredos and the Twinkies. That was it unbelievable bliss

(53:24):
for those people. So that's what we ate. And if
you looked at me, you know I didn't miss too
many meals, even though I grew up on that farm,
but I didn't miss too many meals. Still don't. I've
been eating celery all week, by the way, trying to
get the weight back to a manageable limit because they

(53:46):
want me to go on TV. I mean, how he's
getting every kind of procedure. I'm afraid to do the
procedures because when they get me, they're going to say,
you know, man, we got to keep this guy in
the hospital. We're going to do a lot of things
to him. I'm not doing any of that. But if
you send your child to school with a bean sandwich nowadays,

(54:07):
you would probably be heading for prison. Just something I
would predict. Can't be sure could be the truth, though.
I went to see my dad several months before he
passed away, and he was having a hard time, and
there was a green dish in our family. For years,
I was so afraid of asking my dad if I
wanted this dish, and I have it in my office.

(54:29):
It's a very wide, clear green dish that you could
put fruit in. I came to see my dad and
he wasn't doing very well, and I said to him, Dad,
can I have the green dish? You're not displaying it anymore,
and I'm afraid someone's going to kick it over there
on that shelf, and he came alive all of a sudden,

(54:51):
he said, sure, take the dish, Billy, it calls me, Billy,
called me, Billy, take the dish, and his eyes lit up,
and I said, thanks to you know I love you.

Speaker 2 (55:01):
And he went back into.

Speaker 12 (55:02):
His shell where he was suffering with alzheimer, and I
took the dish. But the thirty seconds when he was
giving me the dish, he was alive. Then it struck
a chord in me because my entire life, that's when
my father was most alive, when he was giving of himself,
and that's why we loved him so much. He never

(55:25):
wanted anything for himself. He wanted to be the Grand
Knight of the Knights of Columbus, and with seven kids
in three jobs, it was really tough to do that.
But he made it. He was seventy five years old
and the oldest Grand Knight probably in history. But he
made it, and then he was okay. They traveled the country.

(55:47):
He joined the Retired Federal Employees Group. My mom and
dad went everywhere on earth with that group. They had
a decent retirement, nothing fancy, and then they had a
rough couple of years. They went to heaven within five
months of each other. If there'd been cell phones that
connected to Heaven. My mother probably would have stayed around

(56:09):
here a little bit longer.

Speaker 3 (56:19):
We'll call Kelly Financial Services eight eight eight eight hundred
eighteen eighty one.

Speaker 4 (56:24):
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 balanced portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty

(56:47):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us

Speaker 3 (56:54):
Save money Strategies with William Kelly and Kelly Kelly