Kelly Financial: Saturday, June 7, 2025

Episode Transcript

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

Speaker 2 (00:14):
So good morning, dear Boston. I'm John Boudris and Kelly
Financial Safe Money Strategies indeed carries on every Saturday morning
right here on WRKO six point eighty on the AM
dial and online from just about anywhere. Well, we're creeping

(00:38):
into summer gradually, it seems. And today in history, on
the seventh of June in nineteen sixty eight, Sir Hans
sir Han was indicted for the murder of Robert Kennedy.
And what history could have been had that horrible day
not happened as it did. And it gives me some

(00:59):
some measure of well, I don't know, let's just call
it completeness, that his son is doing his best to
bring things around. Well, we have a lot on the
show today. As always, we'll be hearing from the advisors
at Kelly Financial. Missus Kelly and I will be talking

(01:20):
about a subject near and dear to me, and that's
kind of staying put in retirement. You know, you don't
have to be climbing the pyramids to enjoy a retirement.
You can well explore the corners of your own backyard,
and the quiet things of retirement often can be the
most exciting kind of paradoxical, but it's true. So stay

(01:45):
with us and we will be back in just a minute.

Speaker 3 (01:52):
Safe Money Strategies with John Budrus and Kelly Kelly called
Kelly Financial on at eight eight hundred eighteen eighty one.
We'll go to Kellyfinancial dot Org.

Speaker 4 (02:08):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to our Safe Money Strategy show on this
fine Saturday morning. I am joined as always by my
handsome and insightful son, William Kelly Junior, every Saturday for
our Forever Young segment where we talk about life in

(02:29):
the current week. Good morning, William.

Speaker 5 (02:33):
Good morning Mom. How are you?

Speaker 4 (02:35):
I'm doing good? How about yourself?

Speaker 6 (02:36):
I said, well, very well. Somebody hasn't done as well
as us. Now, many of you listeners may know him
as Marshall, the infamous fluffy, velvety white cat that roams
this house and sleeps all.

Speaker 4 (02:49):
Day aka Dennis the Menace.

Speaker 6 (02:52):
Yes, ma'am, so should I mention that he escaped this
indoor cat. He escaped the house, and Lord knows how
far he roamed. He could have been fifty feet from
the house, or he could have been five miles.

Speaker 4 (03:07):
But I do know twenty nine hours he was out.

Speaker 7 (03:10):
Yes, he had a twenty nine hour nature walk. Folks, Well, Marshall,
he came back.

Speaker 6 (03:16):
Thank god. We were worried sick. I remember Mom had
a flight to catch early in the morning. Like she
woke up at three point thirty and she says, William,
I can't find Marshall anywhere, and I'm delirious. I'm like,
he's in the house somewhere. I promise he's in the house,
because he does this every now and then he disappears
and he shows up out of note.

Speaker 4 (03:34):
True. I was like, usually he sleeps with me, and
he didn't sleep with me. I don't know where he is.

Speaker 6 (03:39):
Well, ladies and gentlemen, Mom thought, why didn't I check
the cameras.

Speaker 7 (03:43):
I know, so do you want to tell that.

Speaker 4 (03:46):
Well, I had a transport since it was so early.
So I'm in the transport and I'm thinking cameras, and
I had opened a window and there was a window
that didn't have a screen on it, but I cracked it.
I'm thinking, Marshall can't get through this. So anyway, I
go to the cameras and that little stinker splitched through.

(04:09):
I called you, and it's like he got out William.

Speaker 5 (04:13):
And ladies and gentlemen.

Speaker 6 (04:14):
I'm in my pajamas and I am brutally awakened by
my mother at four in the morning.

Speaker 4 (04:20):
My life is so difficult, ladies and gentlemen of coourse thing.
I oh, I'm contact. So I'm in the airport in
the Delta sky lounge and texting, sending messages to neighbors.

Speaker 5 (04:33):
Oh yeah, and I'm doing the same.

Speaker 4 (04:34):
I'm calling Joy yeah, and it's like five o'clock because
my flight leaves at six am.

Speaker 6 (04:39):
He had the whole entirety of a Quinnick Island ladies
and gentlemen in an uproar.

Speaker 4 (04:44):
Look, well, you know what. Mary Madline was here by
eight from Boston.

Speaker 6 (04:48):
I called her at six I was driving and doing
a scout with the neighborhood. I called her and she said,
I can't go back to sleep after hearing that, I'm
coming home and I'm thinking, oh boy. So she came home,
was immediately looking. She was on Hi alert and ladies
and gentlemen. For my sister to wake up that early
in the morning to come home, that proves how much

(05:10):
she loves that animal.

Speaker 4 (05:12):
So true.

Speaker 6 (05:13):
But after all the help we had received from our
great friends, great neighbors I know, and random people.

Speaker 4 (05:21):
William, when I landed in Atlanta, you guys, it was
on Facebook, Instagram, the neighbor app, you name it, and
you had talked to.

Speaker 6 (05:31):
The animal control, the Otters League. Marray Battlin spoke to
as well. People gave us great advice. Indoor cats they
get lost, don't come out during the day because they're
hiding direct the day. Truthfully, they usually pop out during
the night. So what they do is late at night
is when they usually come over. So Mary, Madeline and
I and we were recommended by pet trackers to do

(05:53):
this and various people that we spoke to, they said,
have a calm conversation outside. Your scent out there and
your voice, don't talk loud, don't shout for them. Just
talk to each other comfortably and that will attract your cap.
And so we did that for about an hour and
her and I went to bed. I left my clothing

(06:13):
outside so he would smell my scent, so dirty clothing,
leave it outside. I left his bed outside. We both
went to bed, and we left a camera that is
motion sensor activated so that we get a notification on
our phone, and what do you know, Ray Mandlin gets
forty something camera notifications. Marshall is just walking around the area.
It starts raining. He's dying to come in, and Ray

(06:36):
Malin opens the door, and at four in the morning, again,
laes and gentlemen, she comes in crying.

Speaker 5 (06:44):
She is wailing.

Speaker 6 (06:46):
I thought, to be honest, ladies and gentlemen, I thought
she was holding Marshall's dead body. I thought Marshall passed away,
and I was scared.

Speaker 5 (06:56):
I was very scared.

Speaker 6 (06:57):
I also kind of woke up a little distraught, and
then I see Marshall just smushed up and just like
nothing happened. He literally just had this face like I'm
back home, nothing ever happened. I had a fun time full,
ladies and gentlemen. It was not that simple, because we
find out Marshall decided, out of all places to sleep
and hide, he decided to sleep in a tick nest,

(07:19):
Ladies and gentlemen, So he had at least one hundred
baby ticks all over him.

Speaker 4 (07:25):
Baby deer ticks, yeah, to boot right.

Speaker 6 (07:28):
So we're plugging these things off of this poor baby,
and you know, we're spraying and dowsing the house of peppermint,
essential oil and ladies and gentlemen, next time you talk
to your cat, just tell them don't sleep in a
tick nest.

Speaker 5 (07:40):
It's not a good idea. Hopefully they'll listen to you.

Speaker 6 (07:42):
Sometimes cats will go out for a couple of weeks
and they'll come back fine. Sometimes they'll spend one day
like hours and say I missed the comfortable life, and
they'll come back inside. Marshall's that kind of cat. He's
a homebody.

Speaker 4 (07:55):
Well, I am so thankful this boy is home. You
and Mary Madelin did a great job.

Speaker 5 (08:02):
We did our best.

Speaker 4 (08:03):
Yes, you did, and that was a good thing. I
know Marshall appreciates it. He's happy to be home. I
think we're his servants. I think you're right. Do keep
us on your dial. We have a lot of great
information coming your way. Mike Do seven, Greg Workman. We'll
talk about market shifts and why steady minds make strong investors.

(08:25):
And then Mary Madeline Kelly and Greg Murray will break
down what high interest rates really mean for your money
and why this could be a smart time to reset
your financial strategy. I'll be back with John Boudris and
we will explore what it means to retire at home,
from backyard lamping to finding joy in your own neighborhood.

(08:47):
And of course we'll have some wit and wisdom from
Bill Kelly at the end of the hour. That's all
for forever young today. Thank you for listening, and William,
thank you for joining me this morning. I love you, Honey,
I love you too, mom My.

Speaker 3 (09:00):
Pleasure Safe Money Strategies brought to you by Kelly Financial
Services called eight eight eight eight hundred eighteen eighty one.
We'll go to Kelly Financial dot org. Come retire with us.

Speaker 1 (09:22):
Okay, my friends, summer's almost here. Beaches, barbecues, road trips,
It's the season we all look forward to. But let
me ask you, is your retirement.

Speaker 7 (09:32):
Ready for summer?

Speaker 1 (09:33):
Whether you're still working or already enjoying the golden years,
now is the time to make sure your money is
working as hard.

Speaker 2 (09:40):
As you did.

Speaker 1 (09:41):
That's where Kelly Financial Services comes in. They're fiduciary advisors,
real professionals. They sit down with you with no pressure,
and they help you build a retirement strategy that fits
your lifestyle. Kelly Financial believes you don't need to sacrifice
your lifestyle to save You just need this smart plan.

(10:01):
The Kelly team helps you stretch every dollar without sacrificing
the joy. So call now eight eight eight eight hundred
eighteen eighty one. Schedule your free consultation today eight eight
eight eight hundred eighteen eighty one or email Kelly at
Kelly Financial dot org. That's Kelly at Kelly Financial dot org.

Speaker 8 (10:25):
Welcome back to Safe Money Strategies, the show where we
help you protect and grow your retirement savings with confidence
and clarity. I'm Mike Desat, Chief Operating Officer at Kelly Financial,
and joining me once again is my colleague and investment advisor,
Greg Workman. Good morning, Greg, Good morning Mike. Great to
be here with you and our listeners.

Speaker 7 (10:44):
Mike.

Speaker 9 (10:44):
Today we're diving into one of the most important and
emotionally charged decisions that retirees face. What to do with
the family home in retirement.

Speaker 8 (10:55):
That's right, do you downsize, rent it out, relocate or
stay put? Explore the pros and cons, run through some
compelling stats, and bring in tax and estate planning insights
that could save you serious money.

Speaker 7 (11:08):
Down the line.

Speaker 9 (11:09):
Let's start with a reality check. With approximately ten thousand
people reaching the age of sixty five every day, the
United States is witnessing an unprecedented demographic shift. By twenty thirty,
all baby boomers those born between nineteen forty six and

(11:30):
nineteen sixty four, will have passed this important milestone. Among
these remarkable statistics, AARP estimates that a staggering seventy four
percent of total US home ownership belongs to individuals over
the age of fifty, with more than half of this
demographic opting for downsizing their home as a strategic move

(11:54):
in retirement. One of the fundamental aspects of this desire
for aging Americans to remain in their homes is a
concept known as quote aging in place end quote. However,
this doesn't necessarily mean staying in the same large family
home that has seen decades of memories. Instead, it often

(12:16):
involves downsizing to make it more manageable, efficient, and accessible.

Speaker 8 (12:23):
And it's not just boomers that are thinking about real
estate options. Gen xers those born between nineteen sixty five
and nineteen eighty are watching and learning too. The same
report shows sixty two percent of Gen X and boomer
homeowners emphasize the importance of flexible housing options as part
of their retirement strategy.

Speaker 9 (12:44):
The reason it's not just about square footage anymore. It's
about lifestyle, access to care, community connection, and long term
financial flexibility.

Speaker 7 (12:55):
Exactly. Let's break this down.

Speaker 8 (12:57):
If you downsize, say from a four bed house to
a two bedroom condo, you may be reducing your monthly
expenses dramatically.

Speaker 7 (13:06):
Think about it.

Speaker 9 (13:06):
Smaller utility bills, lower property taxes, less maintenance, and if
you're selling a home you've lived in for years, there's
likely a lot of equity waiting for you.

Speaker 8 (13:19):
Which brings us to the irs. Capital gains exclusion on
the sale of your primary residence perhaps one of the
most significant tax breaks available to individuals based on today's
tax code.

Speaker 7 (13:31):
Why is it so valuable?

Speaker 8 (13:33):
If it's your primary residence and you've lived there at
least two of the last five years, you can exclude
up to two hundred and fifty thousand in capital gains
if you're single, or five hundred thousand if you're married
filing jointly.

Speaker 9 (13:47):
That's a powerful benefit. But what if you're not sure
where you want to live next. That's where renting out
your home can buy you time and possibly a very
smart financial strategy.

Speaker 8 (14:01):
Exactly, renting your primary residents lets you try out a
new location maybe another state with a lower tax burden
or better climate without selling the farm.

Speaker 9 (14:11):
A test drive of sorts if you will. And here's
the good news. Rental income can help offset costs. Nationally,
rental rates remain high, particularly in desirable school districts and
metropolitan areas.

Speaker 8 (14:27):
Just make sure you understand the tax implications. Rental income
is taxable, but so are the expenses that can be
deducted property taxes, mortgage interest, repairs, insurance, and even depreciation.
And those deductible operating expenses can add up putting dollars
back in your pocket.

Speaker 7 (14:44):
That's right.

Speaker 9 (14:45):
They Properly managed rental can offer both cash flow and
valuable write offs. But be mindful of depreciation recapture when
you sell down the road.

Speaker 7 (14:57):
What is depreciation recapture?

Speaker 9 (15:00):
When you rent out a property, the IRS allows you
to deduct a portion of the properties value each year
as depreciation, essentially accounting.

Speaker 7 (15:10):
For wear and tear.

Speaker 9 (15:11):
But when you sell the property, the IRS wants to
recapture that benefit. So the deductions you took or were
eligible to take our tax dos ordinary income up to
a maximum rate of twenty five percent, even if you
did not claim them. So proceed with caution and be

(15:31):
sure to consult with a trusted tax professional.

Speaker 7 (15:35):
Let's pose have for a quick break.

Speaker 8 (15:36):
When we come back, we'll talk more about the need
for a strategic approach both financial and emotional, to real
estate as a dynamic asset and retirement planning. If you'd
like some assistance with your finances, please reach out to
our team today at eighty eight eight eight hundred, eighteen
eighty one. Kelly Financial is a fiduciary and our team
is dedicated to delivering honest advice. Once again, that number

(15:59):
is eight eighty eight, eight hundred, eighteen eighty.

Speaker 3 (16:02):
One Kelly Financial Services, eight eight hundred, eighteen eighty one.

Speaker 8 (16:13):
I believe that this nation should commit itzel achieving the
goal of landing a man on the Moon and returning
him safely to the Earth six five four three two
one zero, All engine.

Speaker 4 (16:29):
Run, What's what's got to follow?

Speaker 2 (16:32):
Eleven? Remember those Apollo Moon missions one of America's greatest
adventures and achievements too. The nation set a goal and
then realized it. What are your goals? At Kelly Financial Services,
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach

(16:53):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred eighteen eighty one one
or visit us at Kellyfinancial dot org. Where do you
want to land? We're good galitybavior.

Speaker 10 (17:08):
I landed.

Speaker 2 (17:09):
We are Kelly Financial Services. Come retire with us.

Speaker 3 (17:13):
The Money Rap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 2 (17:21):
Good morning.

Speaker 11 (17:21):
This is Greg Murray, Senior vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our wealth advisors.

Speaker 2 (17:30):
How are you doing today?

Speaker 10 (17:31):
Good morning, Greg, I am doing well. Happy birthday A
day late. I hope you've had a great start to
your forties so far.

Speaker 12 (17:38):
How does it feel to be in this new phase
of life?

Speaker 5 (17:41):
Thank you.

Speaker 11 (17:41):
It is a weird feeling to say I'm out of
my thirties, but I'll get over it pretty quickly.

Speaker 12 (17:45):
Hey, I hear. The forties are the new thirties.

Speaker 10 (17:47):
You've got wisdom, experience, and hopefully some good birthday cake
to celebrate.

Speaker 12 (17:51):
Did you do anything fun?

Speaker 11 (17:53):
Just a small gatherer with family and friends. Nothing too wild,
but it was nice to feel celebrated.

Speaker 12 (17:57):
Well, that sounds perfect.

Speaker 10 (17:59):
Well, happy belated again, and I'm sure you'll make the
most out of this next decade. Speaking of making the
most of things, today, we're talking about something that's been
all over the headlines, high interest rates. But more importantly,
why should you care now?

Speaker 11 (18:12):
If you're just starting out with investing or even managing
your savings. Hearing the Fed raise the rates again might
sound like background noise, but it's not.

Speaker 12 (18:20):
High interest rates can really shake up everything from your
savings account to your credit card bills and even the
stock market.

Speaker 2 (18:26):
Let's start with the basics.

Speaker 11 (18:28):
Interest rates go up when central banks like the US
Federal Reserve want to cool down inflation. Higher rates makes
borrowing more expensive, which slows down spending.

Speaker 10 (18:36):
So what does that mean for you? Well, if you've
got a savings account, good news. You're probably earning more
interest than you were a couple of years ago.

Speaker 11 (18:44):
Those high yield savings accounts are finally paying something decent again.
Some are offering over three and a half percent right now.

Speaker 12 (18:50):
But on the flip.

Speaker 10 (18:50):
Side, if you've got credit card debt or a variable
rate loan, you're paying more in interest each month and
that can really add up.

Speaker 11 (18:58):
Now, let's talk about investing new investors wonder should I
stay in the market when interest rates are high.

Speaker 4 (19:03):
It's a good question.

Speaker 10 (19:05):
Higher interest rates can lead to lower stock prices, especially
for fast growing companies that rely on borrowing, but it
doesn't mean you should pull out of the market.

Speaker 11 (19:14):
In fact, this would be a good time to reassess
your strategy, not run for the hills. For example, some
investors look at bonds when rates are up. Short term
bonds are actually looking attractive right now, and.

Speaker 10 (19:25):
For those just starting out, this is a perfect time
to start building good habits like keeping a diversified portfolio,
not reacting emotionally, and understanding what you're actually invested in.

Speaker 11 (19:36):
Cash is also no longer trash. Keeping some emergency savings
in a high yield savings account. That's smart. You're earning
while staying safe.

Speaker 10 (19:44):
So big picture, higher rates mean you earn more on
your savings, you pay more on your debt. Some investments
may dip, but opportunities pop up to If you're.

Speaker 5 (19:55):
Just beginning, don't get overwhelmed.

Speaker 11 (19:57):
Use this time to get educated, Maybe talk to an
investment advisor and build a plan that works for you.

Speaker 12 (20:02):
And remember, finance isn't about predicting the future. It's about
preparing for.

Speaker 11 (20:06):
It exactly well, said Mary Madeline. That's all for today.

Speaker 10 (20:10):
Enjoy the birthday celebrations, Greg, go, enjoy some cake or
take a moment to relax. And to everyone listening, stay
tuned and we'll catch.

Speaker 12 (20:17):
You next time.

Speaker 3 (20:19):
To get in touch with Greg Murray or Mary Madeleine
Kelly or any member of the Kelly Financial team, call
aight a eight eight hundred eighteen eighty waters.

Speaker 2 (20:32):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from
the fiction.

Speaker 5 (20:44):
You can always make money if you haven't if you
lose it all, it's very difficult to do that. So
you have to have a plan. If the market goes
up quite a bit or down quite a bit, you
have to be ready. And how do you sort fact
from fiction?

Speaker 2 (20:57):
Download Kelly Financials Consumer Guides simply called the value of
an objective opinion. With so much at stake with your
retirement future, you don't just want any financial advice, but
objective financial advice. And as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org

(21:20):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 5 (21:24):
Ladies and gentlemen, sort fact from fiction.

Speaker 2 (21:26):
We are Kelly Financial Services.

Speaker 3 (21:28):
Come retire with us Safe Money Strategy with John Budris
and Kelly Kelly. Call the team on A eight eight
hundred eighteen eighty one.

Speaker 2 (21:40):
And we are back on John Budris, the co host
of Safe Money Strategies and as always, thanks for joining
me this morning. Well, there's an old narrative that says
that you constantly need to be on the go in
retirement to be fulfilled. And I'd say that's a false narrative,

(22:03):
and I'm here to tell you that it's just not so,
because I find the deepest satisfaction in staying put. Actually,
and I mean it is an example. I have bird
feeders all around the perimeter of my east side on
my house, and of course I love watching the birds eat,

(22:24):
but on one of them, some mourning doves have taken
up residents. That was several years ago, and they come
back every single year and have two, sometimes three broods
of chicks and I get to watch them right in
my window, kind of like their uncle maybe the Grandpa.
So staying put, planting something, plant the fruit tree, watch

(22:46):
it grow. It's a wonderful, wonderful thing. So this kind
of deep satisfaction shifts our perspectives and our financial choices
and perspectives can change too. Everyday comforts, believe me, can
be the source of real joy. And it's possible to

(23:10):
embrace simple living without sacrificing anything. And in fact, I
hate to say this because it reminds me of someone.
You can unburden yourself of a lot of things in
your retirement and you don't have to hang on to
any guilt about what your leisure time should look like.
You should use your leisure time how it works. So

(23:33):
working with your financial advisor will make your life the
way you want it and to make it easy for you.
So let's welcome Kelly Kelly, the CEO of Kelly Financial Services,
and we're going to talk this morning about reclaiming home
as a place of peace and purpose and pleasure. Even So,

(23:53):
good morning, Kelly, Good morning John.

Speaker 4 (23:56):
Happy to be with you on this relaxing Saturday.

Speaker 2 (24:00):
Well, let's get started. It isn't always easy to be
content staying put. I'm the American Spirit I mean, we're
kind of driven, since we're born to be on the move,
to be forging forward. But in retirement, what if the
most rewarding adventures are right there, right in your backyard?

Speaker 4 (24:20):
It is possible, John. Retirees often think they have to
travel far to fill alive, yet many find meaningful change
in a place to coexist when they see home as
a place of discovery.

Speaker 2 (24:33):
Is this idea of staying home important in retirement.

Speaker 4 (24:37):
It can be because home offers physical safety, emotional grounding,
and cost efficiency while still allowing space for creativity. There
are studies that have shown retirees who stay mentally and
physically active even at home, tend to be happier and
live longer.

Speaker 2 (24:57):
Would you call it a shift in minds?

Speaker 4 (25:00):
I think so. It's about expanding their definition of adventure.
Maybe it includes enjoying some passport stamps, planting new flowers,
or possibly building a model ship.

Speaker 2 (25:13):
Well, once retired, many folks adjust their spending. Can you
find joy while cutting back?

Speaker 7 (25:19):
Oh?

Speaker 4 (25:20):
Absolutely. In fact, having some financial boundaries can inspire creativity.
For example, retirees can turn a garage into an art studio,
or perhaps create a home gym with used equipment. These
are simple joys that are low cost but bring high reward.

Speaker 2 (25:40):
Well, that's a great comfort to hear.

Speaker 4 (25:42):
Also, reconnecting with hobbies that were pushed aside during busy careers,
such as gardening, riding, or maybe doing puzzles. These things
cost little but add so much depth to daily life.

Speaker 2 (25:57):
Well, this play into long term financial health for our
dear listeners too, Kelly.

Speaker 4 (26:02):
It sure does. A smart retirement plan is not about deprivation,
is about finding sustainable rhythms that nurture their souls without
draining their savings.

Speaker 2 (26:14):
Well, there's an interesting truth that many retirees feel guilty
about enjoying things like, you know, streaming shows, binge watching
something on Netflix, or just reading for hours at a time.
Why do you think that's so.

Speaker 4 (26:31):
Well, John, is because we've been conditioned to equate rest
with laziness. But in retirement, those simple acts become essential
forms of self care.

Speaker 2 (26:42):
So it's okay to just sit and listen to music,
or just listen to what's happening outdoors, or maybe get
a pair of hearing aids if you really want to
hear the outdoors.

Speaker 4 (26:53):
It's not only okay, it's healthy rest, reflection and light
leisure lower corel boost mood, and help retirees feel more centered.
You're not wasting time, you're actually healing.

Speaker 2 (27:08):
Well, I've heard the phrase no sorri's mantra. Can you
tell us more about that?

Speaker 4 (27:13):
Of course, John, it's a mantra I think retirees should adopt.
There should be no apologizing for not being busy, for
not traveling, or for not following someone else's retirement path.
They have earned this chapter, so they should live it
on their own terms.

Speaker 2 (27:33):
Well that sounds well, liberating, freeing.

Speaker 4 (27:36):
Really it is, John. Retirees often feel they must explain
or justify their choices, but peace actually comes from embracing
their own unique joys without regret.

Speaker 2 (27:51):
So there's a mental health component to this kind of
letting go Yes.

Speaker 4 (27:57):
Saying the no sories mantra strengthens boundaries, boost confidence, and
minimizes any comparison traps.

Speaker 2 (28:06):
So where does your team at Kelly Financial Services fit
into all of this new paradigm.

Speaker 4 (28:12):
Our Kelly Advisors help retirees design this new lifestyle along
with their money plan. We share guidance that includes budgeting
for what's possible while looking at what they need for
a happy retirement.

Speaker 2 (28:27):
So it's not just stocks and bonds.

Speaker 4 (28:30):
Correct, We focus on sustainable happiness. That means factoring in
their emotional needs and social goals as well as a
financial plan.

Speaker 2 (28:41):
Before we wrap up this segment, any last words for
our listeners, Kelly.

Speaker 4 (28:46):
I'd say that slowing down doesn't mean missing out. There's
joy and the familiar in the ease of a budget
and in enjoying life without apology. To learn more about
how to do this, our free investor guide Six Secrets
to a Happy Retirement can help. It walks you through
how to spend your newfound free time at home once

(29:10):
you have the money stuff figured out.

Speaker 2 (29:12):
As always, Kelly, all helpful. Thanks so much for joining
us today, and we'll see you on the other side
of this break. To get the guide and make a
complimentary appointment with the Kelly Financial Advisor, call eight eight
eight eight hundred eighteen eighty one or email Kelly at
Kellyfinancial dot org. That's all the time we have now
for this segment. Thanks so much for joining me, and

(29:34):
when we come back, we'll talk about bringing the spirit
of adventure right into your own backyard literally, and how
to turn retirement into a series of small, meaningful adventures.
You're listening to Save Money Strategies, the radio show heard
right here on WRKO and streaming on the iHeart app.

(29:55):
Where in our twentieth year broadcasting, So thanks for tuning
in and we'll be back in it. New York Clinic.

Speaker 3 (30:03):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight A eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 2 (30:14):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty one years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation, call eight eight eight eight hundred eighteen

(30:36):
eighty one or email Kelly at Kelly Financial dot org.
We're Kelly Financial. Come retire with us.

Speaker 3 (30:43):
Safe Money Strategies with John Budris.

Speaker 5 (30:46):
And Kelly Kelly.

Speaker 3 (30:48):
Call the team on eight at eight eight hundred eighteen
eighty one.

Speaker 2 (30:53):
And we're back on. John Budris, the co host of
Safe Money's Strategies, and thanks for joining me this morning.
For some retirement is exciting for others. It might. It
can feel boring, and it shouldn't be because it's all
about perspective. There's good news. You can reignite a sense

(31:15):
of adventure right where you are. You don't have to
go anywhere. No train tickets, no plane tickets, God forbid.
And whether it's rediscovering your hometown, transforming your backyard into
your personal retreat, or simply choosing to see your world
with new eyes, having that right mindset and a solid

(31:36):
plan can help you write your own great next chapter,
even if it starts on your own front porch. So
back with me is Kelly Kelly, the CEO of Kelly
Financial Services, and she has some tips for taking that
fresh new look into your retirement when you're choosing to
stay close to home. Good morning, Kelly.

Speaker 4 (31:57):
Good morning John, Happy to be with you on this
Saturday morning.

Speaker 2 (32:02):
Well thanks, Kelly. We're talking today about finding comfort and
adventure in retirement right in your own backyard, but some
retirees may not be thinking that way. If you're going
through that, well, now what do I do? Phase what
do you say to these retirees who find themselves a
little stuck in a little.

Speaker 4 (32:23):
Bored I'd say it is absolutely normal and solvable. Retirement
can strip away structure, but they can rebuild it with
new habits. Maybe join a book club or volunteer, or
learn a hobby like say photography. Even small daily rituals

(32:45):
can help fight any fog that they may be experiencing.

Speaker 8 (32:50):
Well.

Speaker 2 (32:50):
Like we mentioned in the first segment, some may feel
guilty if they're doing things they feel aren't productive. What
should they do instead?

Speaker 4 (33:00):
I'd say that guilt is outdated. It's about finding a
new framework they can make joy their productivity. Listening to
jazz in a sun room or possibly tickering with model
trains are certainly legitimate ways to spend their time.

Speaker 2 (33:18):
So seems like you're saying that staying mentally engaged is
just as important. I would actually add it's more important
as physical activity.

Speaker 4 (33:28):
I AM. Studies showed that those who stay cognitively active
through creative task delay cognitive decline and report higher life satisfaction.

Speaker 2 (33:40):
For those staying close to home this summer, you're not
saying they can't travel, are you.

Speaker 4 (33:46):
I am not. They can explore neighborhoods in their area
that they've never seen before.

Speaker 2 (33:52):
Why should retirees explore them their own neighborhoods, their own regions,
their own backyards.

Speaker 4 (33:58):
Well, John, because every time has its hidden gyms, farmers'
markets and historical walks and biking trails. Is not just
cost effective, it can be stimulating. They don't need to
cross oceans to discover beauty and adventure.

Speaker 2 (34:15):
We talked about that mindset earlier. That sounds like really
diving into curiosity too.

Speaker 4 (34:22):
Exactly, it's about re engaging with their surroundings and supporting
local businesses. Plus, short day trips and local excursions keep
retirees active, which boost heart health and reduces isolation.

Speaker 2 (34:38):
I bet it's great for couples too, am I.

Speaker 4 (34:41):
Right, it is, John, it's going on a date together. Actually,
this encourages shared experiences, which are vital in retirement and
rebuilding routines together can actually strengthen their marriage bond.

Speaker 2 (34:58):
Have you ever heard of glamping?

Speaker 4 (35:00):
I have, John, How about yourself?

Speaker 2 (35:02):
Well, I read somewhere that it's for turning ordinary spaces
into extraordinary escapes. What are your thoughts on glamping?

Speaker 4 (35:12):
Glamping used to mean canvas tents and luxury yurts, but
now retirees can actually glamp at home. We're actually seeing
a trend especially among cost conscious retirees, where they are
transforming patios, gardens, or even RVs into relaxing sanctuaries. Just

(35:33):
add string lights, outdoor speakers, comfy chairs, and woila and oasis.

Speaker 2 (35:39):
Are there any financial benefits to this too?

Speaker 4 (35:42):
Oh yes, there are many. You will skip airfare, hotels
and all the logistics of travel. Plus creating this space
can increase the value of property. And let's not forget
that being outdoors regularly is great for our immune system
and mood.

Speaker 2 (36:00):
Well. Yeah, staying home doesn't mean staying bored. And if
part of your glamping adventure is creating a garden in
your backyard, even if it's simple things like herbs, you're
going to be saving a little money. So staying home
isn't being bored.

Speaker 4 (36:16):
Oh, not at all. They can invite the grandkids over
for a roast of marshmallow knights, or even enjoy evenings
under the stars. It nurtures relationships and their wellbeing.

Speaker 2 (36:30):
Retirement doesn't have to be about chasing, you know, big thrills.
To feel alive. You don't need any rollercoasters. I think
you probably had enough in your life.

Speaker 4 (36:39):
That's true, John, Sometimes the most meaningful adventures come from
slowing down and tuning in and getting creative with what
people already have, and.

Speaker 2 (36:52):
Kelly Financial can help with this perspective.

Speaker 4 (36:55):
We can. Our Kelly Advisors are there to help clients
create a financial plan that supports the life they truly want.
When it's one of peace, adventure, and comfort, people are
more empowered to enjoy it.

Speaker 2 (37:10):
Are there any more secrets to that happy retirement that
you can share today, Kelly.

Speaker 4 (37:15):
I'm so glad you asked. John. With two thousand hours
a year back and hours that were spent working, retirees
are not always sure how to spend that time. We
have a free investor guide, six Secrets to a Happy Retirement,
and this guide highlights ways to make your plan for

(37:35):
retirement well lived.

Speaker 2 (37:37):
That's great, Thanks Kelly Again, as always, all your information
is just just gems. To get the guide and make
a complimentary appointment with a Kelly Financial advisor called eighty
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. That's all the time we have
for now. Thanks so much for joining me. You're listening

(37:58):
to Safe Money Strategies radio show heard right here on
WRKO and streaming on the iHeart app. We're in our
twentieth year broadcasting, so as always, many thanks for tuning in,
stay tuned. We'll be back in just a moment and
I'm going to go fill the bird feeders.

Speaker 4 (38:19):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred and

(38:41):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with us.

Speaker 8 (38:51):
Welcome back to Save Money Strategies. I'm Mike du Said
with Greg Workman, and we're talking about real estate decisions
facing today's retirees, including downside renting, tax consequences, and estate
planning implications. Now let's talk about the emotional side of things.
For many retirees, their home isn't just real estate. It's

(39:11):
a legacy, a symbol of family and identity.

Speaker 9 (39:15):
That's why legacy planning is so important. If you're planning
to pass along your home to your children or grandchildren,
there are several options to consider.

Speaker 8 (39:26):
You might get the home during your lifetime, included in
your will, or set up a trust. Each choice has
tax consequences, and it's important to work with a financial
advisor and a state attorney.

Speaker 9 (39:37):
A stepped up basis can save your heirs a ton
in capital gains taxes. If they inherit the property when
you pass away, they get to reset the cost basis
to fair market value at the time of death.

Speaker 8 (39:51):
That means if your home was originally purchased for two
hundred thousand and is worth seven hundred thousand at your death,
your ears would only pay capital gains on any amount
above seven hundred thousand if they sell later.

Speaker 9 (40:06):
It's also worth thinking about your own long term care.
If your goal is to stay as independent as long
as possible, look for housing that offers single floor living,
universal design features, and proximity to healthcare services.

Speaker 8 (40:23):
And don't overlook the tax differences. Moving from a high
tax state like California or New York to a tax
friendly state like Florida or Tennessee can mean thousands in savings.

Speaker 9 (40:35):
Here's another strategy consider a reverse mortgage for aging in place.
It's not for everyone, but it can unlock equity while
allowing you to stay in your home.

Speaker 7 (40:46):
Just be cautious.

Speaker 8 (40:47):
Reverse mortgages have fees, interest, and repayment terms your ears
need to understand.

Speaker 7 (40:53):
Always consult an advisor before proceeding.

Speaker 9 (40:55):
A common client question about moving, especially out of state,
Should I.

Speaker 7 (41:00):
Sell or rent first?

Speaker 5 (41:02):
Yeah?

Speaker 8 (41:02):
Great question if you're unsure about the move. Renting your
current home while leasing a home out of state for
six to twelve months can be a smart short term
move with brilliant long term implications. It buys you time
without forcing a permanent decision.

Speaker 9 (41:18):
Plus, rental income from your home can offset your lease
in a new state, and if the new state becomes
your new long term plan, you can sell your original
property later and potentially claim that fat irs capital gains exclusion.

Speaker 8 (41:34):
Another question we receive from our retired clients, what about
using home equity to help fund my retirement.

Speaker 9 (41:42):
That's where a home equity line of credit or helock
can come into play. Tapping into home equity through a
helock allows access to cash while keeping the home, though
rates can fluctuate.

Speaker 8 (41:54):
Downsizing, on the other hand, means a clean break and
often a lump sum you can invest or use to
fund other goals like travel, long term care, insurance, or
gifting to family.

Speaker 9 (42:04):
Remember, real estate decisions should reflect not just your financial goals,
but also your values and desired lifestyle.

Speaker 8 (42:13):
We've covered a lot of ground on today's episode of
Safe Money Strategies. Downsizing for retirement can offer significant financial benefits,
such as reduced housing costs, increased cash flow, and potential
tax savings. However, it's crucial to carefully assess the pros
and cons considering your individual needs and lifestyle. Let's recap

(42:34):
with an inventory of financial benefits, potential costs, and our
pre downsized checklist that ultimately form a smart money decision.

Speaker 9 (42:44):
Here's a list of the financial benefits of downsizing and retirement.
Reduced housing costs. Smaller homes may have lower mortgage payments,
property taxes, insurance premiums, and maintenance expenses. Increased cash flow.
Savings from reduced housing costs can be invested or used

(43:06):
for other retirement expenses. Potential tax savings capital gains from
selling your home may be partially for if fully excluded
from taxes, depending upon your situation. Access to home equity
Downsizing can free up home equity, which can be used
for various retirement goals. And finally, a lower cost of living.

(43:30):
Moving to a location with a lower cost of living
can further reduce your expenses.

Speaker 7 (43:36):
Here are the potential costs.

Speaker 8 (43:37):
These items can sometimes be overlooked or not factored into
the financial implications of downsizing in retirement, selling in moving costs.
Be prepared for expenses like railtor fees, moving expenses, and
potential renovations at your new home. Hitting costs consider costs
like storage, additional utilities, and HOA fees in a retirement community.

(44:00):
The emotional impact moving can be emotionally challenging, especially if
you're attached to your current home. Lifestyle changes downsizing may
require adjusting to a smaller space and a new environment.
Lost social connections. Moving away from friends and family can
impact your social life. And now for the pre downsized checklists.

Speaker 9 (44:21):
The decision to downsize should not be approached lightly. We
advise slowing down and doing a lot of homework. Like
all major decisions, the better the input, the better the output.

Speaker 7 (44:33):
So here's the pre downsized checklist.

Speaker 9 (44:36):
Assess your financial situation, evaluate your current housing costs, retirement
savings and income needs. Consider your lifestyle and needs. Determine
the type of home and location that best suits your
lifestyle and future needs. Research potential locations, Compare cost of living,

(44:59):
property taxes, and other factors in different locations. Consult with
the professionals. Seek advice from a financial advisor and or a.

Speaker 7 (45:09):
Real estate professional.

Speaker 9 (45:11):
Way the pros and cons carefully consider the financial and
lifestyle implications of downsizing prior to making a decision.

Speaker 8 (45:20):
Bottom line, whether you downsize, rent, or relocate, it pays
to plan ahead, talk with your advisor, run the numbers,
and consider your long term vision. Our team has the
tools and the knowledge to help you crunch the numbers
with confidence, and.

Speaker 9 (45:34):
Remember to involve your family. Real Estate is often a
cornerstone of both retirement security and legacy. The more open
the communication, the better the outcome.

Speaker 8 (45:45):
If all of this sounds helpful, but maybe a bit overwhelming,
that's where we come in At Kelly Financial Services. We
specialize in building retirement income plans that are both stable
and customized, and we'd love to help you take the
next step.

Speaker 9 (45:58):
Calls today Triple eight eight hundred, eighteen eighty one. Once
again Triple eight eight hundred eighteen eighty one, or visit
us online at Kellyfinancial dot org to schedule your complimentary
retirement income analysis. Your retirement should be stress free, not
filled with guesswork. Let's build a strategy that gives you

(46:21):
the clarity and confidence you deserve. Thanks for joining us
today until next time.

Speaker 8 (46:26):
I'm Greg Workman, and I Mike you said join us
next week for more safe money strategies.

Speaker 1 (46:38):
Joining us now, as she always does at this time,
she's the CEO, co founder, president of Kelly Financial Services,
and yes, that is her wonderful.

Speaker 4 (46:50):
Name, Kelly, Kelly Kelly, how are you good morning, Jeff,
I am good. When it comes to retirement, confidence should
not be reserved for just one generation. Some of you
are nearly there, some are just getting started, and some
well you may not be sure where to begin. No

(47:13):
matter where you stand, you deserve peace of mind. Our
Kelly Advisors are fiduciaries, which means they're legally and ethically
bound to act in your best interest always, whether it's
baby boomers, gen xers, or millennials. At Kelly Financial, we
help create everyone a retirement plan that's not just about numbers,

(47:36):
but about your lifestyle, your goals and the future you want.
Retirement should not feel out of reach. With the right guidance,
it can be smooth, clear, and even inspiring. Let's get
you ready with confidence. To speak with a Kelly advisor,
give us a call or email Kelly at Kellyfinancial dot org,

(47:58):
or go to our website for a rate. Rewind, Jeff,
have a wonderful weekend. My best of Grace and the kiddos.

Speaker 1 (48:05):
Thank you, Kelly, have a wonderful weekend. Please give my
best to everyone at Kelly Financial Cooner Country. If you
want to get a free copy of their Investor Guide
or make a free retirement consultation with a Kelly Advisor,
call eight eighty eight eight hundred eighteen eighty one eight
eighty eight eight hundred.

Speaker 5 (48:25):
Eighteen eighty one, or you can.

Speaker 1 (48:28):
Actually email Kelly herself personally Kelly at Kellyfinancial dot org.

Speaker 7 (48:34):
That's Kelly Kelly Financial dot org.

Speaker 3 (48:41):
Safe Money Strategies at eight eight hundred one eight eight one.

Speaker 8 (48:47):
Will lafe on the farms kind of that back ain't
much an old country ball, look mecaine.

Speaker 7 (48:51):
Heck, it's early to rise early in a sack.

Speaker 13 (48:54):
Thank God, I'm a country ball.

Speaker 5 (48:57):
Good morning, ladies and gentlemen, this is Bill Kelly. Growing
up seems to be a distant dream for me. The
life I had, the relatives that surrounded me, the large
extended family, my large immediate family, my grandfather, my folks,
my dad, my brothers and sisters, my dog Minie, all

(49:18):
the different experiences we had growing up. It is like
a foreign land or another planet. Now. Things are so complex,
ladies and gentlemen, especially if you've developed a great deal
of wealth. During the holiday seasons. When I was a kid,
generally on Christmas Eve, my grandfather would hand me an
envelope and when I was nine years old, there would

(49:39):
probably be two dollars in the envelope, and by the
time I was out of high school in college, the
envelope had twenty five dollars in it. And that was
something that I waited for each year, and we would
sit at the table as he handed me the envelope.
It would generally be late at night, and he would
want me to review the year coming up. What were

(50:00):
my goals, what was I thinking? Where was I heading? Well,
eventually I was heading out to learn aviation, to learn
how to simulate flight through computers. This was in nineteen
seventy four, and the Air Force had agreed to send
me to an extremely lengthy school and unthinkable to me
or maybe something that I forgot that going to this

(50:22):
school meant the team was going to be basically broken up.
The team was my grandfather, Tim Murphy and me. They
were together twenty years. That team, Kelly and Murphy, I
guess you would call it. But when I was a baby,
I slept in a room with my grandfather Murphy. And
as I grew, of course, when I could walk and
get out of the crib, I went upstairs with the

(50:44):
rest of the kids, and we were piled up there
and one on top of each other and fighting for
survival amongst us. But that's what it was like on
the farm. In the morning, at nine o'clock, I'd wake up,
get dressed. By nine, I'd be down in the kitchen.
He would be up making me oat meal. I would
eat my oat meal. I'm sure we had many long

(51:04):
talks over that oatmeal. He would have a cup of
Maxwell House coffee with canned milk, pet canned milk and
one teaspoonful of sugar, and he would have a piece
of toast, and once in a while we'd have a
dog sitting near the table with his head out. My
grandfather would dip his piece of toast and coffee, and
he'd give the dog one piece of dipped toast. And

(51:24):
that was Minnie. She was a little black mongrel. That
was the smartest dog, maybe the smartest animal I'd ever
been around. After breakfast, he would sit me on the table,
tie my shoes, put my coat up on my shoulders.
Maybe if it was winter, I'd get my mittens and
a hat, and he and I would walk out the
door and go down to do the chickens. Now, he

(51:46):
had a wire basket that would hold about ten dozen eggs,
so he would feed the chickens. We would walk down
there with two buckets of water to put in the troughs,
and we'd do that about four times. And then while
the chickens we were eating, he would take the eggs.
You know, we'd go and put the eggs in the basket.
We'd bring them and store them in the cellar. And

(52:06):
I do mean it was a cellar, ladies and gentlemen.
It was stone walls in that cellar. I think our
house was built in probably eighteen eighty. The furnace was
quite old. There was a side room in that basement
where we would store the eggs until Wednesday night, and
we would candle the eggs. How do you candle an egg?
You look at an egg and you make sure there's

(52:26):
not a baby chicken in there, and if there is,
you put it aside. If there isn't, you put it
in the egg carton. Then we would bring the eggs
down to the County Food Mart it was called, and
we would turn them into mister Sanchez and he would
give us some money and we would get a credit
and we would go shopping. And my mother generally took
us down there in a gray fifty five Chevy station

(52:50):
wagon with fins on it, and sometimes i'd get candy.
But the first stop after the County Food Mart was
Industrial National Bank. My grandfather would make a deposit it
into his bank passbook and he would come out of
the bank and he would hand my mother a sum
of money. He would give it to me, always as
a joke, and he'd say, here, give this to your mother,

(53:11):
you know, and she would take them whatever the egg
money was that was left over, and that's what she
would do, and in doing that she could support the
house so we had food. She had extra money, and
when he began receiving Social Security, he used to give
my mom half of that and he lived with us,
but he raised me. We had dogs, we had cats,

(53:33):
we had food, We had bicycles, We had tanned me
down shoes. We had a sock bag. Whenever someone did
a wash and the socks didn't match up, you put
the odd socks in a bag. Imagine seven kids, and
then every month or so we would go through the
sock bag, match up the stray pears. We had a
rag bag of old sheets, towels, cloths. So that's how

(53:55):
we lived. We all had paper roots. Starting at age
seven or eight, that's what we did. We got to
know people. We've got to work and we got to
produce and we learned things by doing that. Now was
it a perfect life. No, We had our problems. Did
we get through them for the most part? Did we
get through unscathed? I don't know. There's a lot of

(54:15):
nicks on my soul and we try to soothe them,
and love can sort of heal that. And prayer. That's
why I love the Catholic Church so much. This forgiveness
and renewal, that's what I love about it and the
fact that we're invited in to do that. But my life,
as far as what I can remember as a child,
the fields, the sunny days, the winter snowdrifts, the play,

(54:39):
the family dinners, It's like a dream, ladies and gentlemen
that I think sometimes I never lived that life. I
just dreamt it. And now I'm facing a reality that
is so challenging. Sometimes I have to wonder are we
up for this? And in fact, I believe deep in
my heart that we are up to it. Prevail And

(55:01):
I appreciate you listening, and we'll be right back after
these brief messages.

Speaker 3 (55:14):
We'll call Kelly Financial Services eight eight eight eight hundred
eighteen eighty one.

Speaker 4 (55:19):
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

(55:42):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with US.

Speaker 3 (55:50):
Senior Safe Money Strategies with John Boudris and Kelly Kelly
eight eight eight eight hundred one eight eight one.

Speaker 2 (55:58):
The news break is coming up, and during the break,
take the time to give a call at eight eight
eight eight hundred eighteen eighty one and make that all
important first step to secure your retirement future. Talk things
through with a financial advisor about any aspect of retirement
or money management, whether it's your portfolio, concerns about healthcare,
or if you're tossing around the idea of relocating or

(56:20):
maybe helping out with your grandchildren's college. See if financial
advisor isn't only about the stock market. That's only a
portion of the job description. And in the end you'll
be amazed at how very small adjustments over time can
have enormous results when it's time to retire. In fact,
these adjustments can be the difference of when you can retire,
or in some cases, whether you can retire at all.

(56:42):
So call us at eight eight eight eight hundred eighteen
eighty one or visit us at Kelly Financial dot org
and raise a toast to your financial future. Eight eight
eight eight hundred eighteen eighty one. Kelly Financial Services with
offices in Braintreet and Burlington. All Right, see you next week.

Speaker 13 (56:59):
All opinions rested by the host, his guests, or employees
of Kelly Financial Services are solely their own and do
not reflect the opinions of Kelly Financial Services. Information has
been obtained from sources deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided as
general in nature and does not intended to be specific investment,
tax or legal advice. It is always advisable to consult
a professional before making a financial decision. The host is
a client of Kelly Financial Services in exchange for hosting

(57:20):
the Safe Money Strategies Show and providing testimonials of his
personal experience as a client of Kelly Financial Services, Kelly
has waived the host's advisory fee in full.

Speaker 2 (57:27):
Because of this arrangement, where the host receives

Speaker 13 (57:28):
Compensation in the form of a fee waiver, the host
has an incentive to recommend Kelly Financial Services, resulting in
a material conflict of interest.