Kelly Financial: Saturday, March 15, 2025

Episode Transcript

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

Speaker 2 (00:20):
Good morning, dear Boston. I'm John, Buttris and Kelly Financial
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six po't eight on the AM dial
and online from just about anywhere, even in Washington, d C.
Where Elon Musk's Doge team is unearthing probably the largest

(00:44):
looting of the treasury in the history of treasuries, in
all of the treasuries of all of the civilizations, in
all of the world. And that's ours, and the theft
is just astounding. So let's say a rosary this weekend
that he can keep on digging and clawing back what
is yours, ladies and gentlemen. All of this is yours.

(01:06):
All of this is why we have a thirty six
trillion dollar debt that we have to pay back, that
our children have to pay back. And let's hope he
can find who took the money and ran with it
and get some of it back so we can live
a little bit better as we get older. When we
get back from this short break, we'll be hearing, of

(01:27):
course from the Kelly Financial Advisors, and I'll be speaking
with missus Kelly about taxes in retirement and how to
avoid them because they are out there like bear traps,
just waiting for us to step into. And by the way,
thanks for all the cards and letters. And my flu
is getting better. You can hear it in my voice.
It's still hanging on. But it's a night and day

(01:50):
from last week. We will be right back.

Speaker 3 (01:56):
Safe Money Strategies with John Budris and Kelly Kelly. Called
Kelly Financial on eight eight eight eight hundred eighteen eighty
one or go to Kellyfinancial dot org.

Speaker 4 (02:08):
I'm Kelly Kelly from Kelly Financial. Major life events like
selling a home, taking social Security, withdrawing from retirement accounts,
or even unexpected healthcare costs can all impact your retirement taxes.
The advisors at Kelly Financial can create a bucket strategy
to enable you to manage.

Speaker 5 (02:27):
Tax free withdrawals.

Speaker 4 (02:28):
Our free investor guide called Tax Strategies for Retirement Buckets
Create Tax Choices explains how you can divide your assets
into tax free, tax deferred, and taxable buckets. For the guide,
or for a free consultation with a Kelly advisor, call
eight eight eight eight hundred eighteen eighty one or email
Kelly at Kellyfinancial dot org. We also have a master

(02:51):
series coming up on annuities, The Good, the Bad, and
the Ugly on Tuesday, April twenty second and Thursday April
twenty four. For details and to make a reservation, call
eight eight eight eight hundred to eighteen eighty one.

Speaker 5 (03:05):
We're Kelly Financial. Come retire with.

Speaker 3 (03:08):
Us save money strategies called eight eight eight eight hundred
eighteen eighty one. We'll visit Kellyfinancial dot org. Come retire
with us.

Speaker 4 (03:23):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to our show on this fine Saturday morning.
I am here with my very handsome son, William Kelly Junior.

Speaker 5 (03:35):
How are you, William?

Speaker 6 (03:36):
I'm great, Mom. How are you?

Speaker 5 (03:37):
I'm doing good.

Speaker 6 (03:38):
That's awesome. It's a beautiful Saturday morning. No complaints.

Speaker 7 (03:41):
We're grateful for improvement and weather, and we're grateful that
we have a peaceful Saturday today.

Speaker 5 (03:46):
Agreed.

Speaker 4 (03:46):
So it's been a busy week. Been in office quite
a bit this week.

Speaker 6 (03:51):
And so I actually, and for a very good reason too.

Speaker 7 (03:54):
The entire company we got together for a meeting with
a company, a cybersecurity company focus on protecting businesses but
also helping the businesses, customers, clients, and consumers protecting them
as well. So what we're doing, ladies and gentlemen, is
adding a layer of security to our company so that attackers,

(04:15):
people with bad intentions who want to try to take our.

Speaker 6 (04:19):
Information, your information.

Speaker 7 (04:21):
Any kind of data they think or believe they can
make money off of, they'll protect that from any kind
of malicious threat. And they also give you training on
how to prevent it yourself.

Speaker 4 (04:32):
The more training we provide, the better, and the more
knowledge for everyone, the better. We hired this company about
eight months ago, so we've been working with them, but
this was the annual training for everyone.

Speaker 7 (04:44):
We're very fortunate to have found this company and we're
very excited to share all of this with you. A
couple of things we're just going to share right off
the bat is complicated passwords. Length is more important than complication.
You want to have a longer pasth because that actually
protects you more than a more complicated, shorter password. So

(05:06):
if you have a favorite passage from a book, maybe
from a personal favorite book that isn't so popular, you
go to a random page, maybe you market you can
use that as a password, or maybe You can use
a service like one pass which will create super long
passwords for you, keep them all in one place, and
then you have a master password that will get you into.

Speaker 6 (05:27):
That group of passwords.

Speaker 7 (05:28):
So you can come up with different ways, but the
key is have your password safe and organized, but make
sure they are.

Speaker 6 (05:34):
Long and good.

Speaker 7 (05:36):
It lowers the chance of somebody hacking in or necessarily
logging in that you don't want logging in. Don't use
the same passwords for everything. For other accounts that you use,
especially like your bank account. You really want to have
diverse in different passwords for each different service or a
product that you're using, because you want to be able

(05:56):
to make it harder for someone to think, oh there's
a pattern here. It's they have a pattern or they
have some sort of system of password making that will
make it easier for me to get in. So make
sure you have taken care of that. Maybe it's tedious
for some of you.

Speaker 6 (06:10):
Take the time.

Speaker 7 (06:11):
You'll regret it when you haven't done something about it,
and you'll thank yourself now when you have done something
about it. I really recommend that you do something about it.
Another thing that you can do, and this is whenever
you receive a weird text. Just about everybody I know
now gets easy Past texts.

Speaker 6 (06:26):
If you're from the Northeast, if you're from New England, you.

Speaker 7 (06:29):
Typically come across easy Pass toll booths and you have
to have an easy pass or they pay by plate.
We have been receiving a lot of texts from these
fake easy pass scammers who say, click this link, pay
your toll blah blah blah. It's actually fraudulent. It looks
very real, but it is very fraudulent. If you click
the link. What happens is they can read what you

(06:51):
type in. Let's say they ask you for a bank
account number or your credit card number, for example, and
you type in your credit card number.

Speaker 6 (06:59):
If you delete it, all they.

Speaker 7 (07:01):
Have key locked it, which means that it has been
noted in sent even if you delete it and don't
necessarily hit submit, so they can see what you type
in there. So it's better just to not click the
links in general, and if you click a link maybe something,
it would be downloaded, and don't open that file delete it.
The gist is don't click the link if you have

(07:22):
a question or concern. For example, when you see your
bank account have a small charge, and maybe you get
a text saying confirm this or confirm that, or you
get a call from what you think is the bank.
It's better to give them no information, ask them questions
about their identity, hit the hang up button, don't even
wait a second, and then call the actual bank from

(07:43):
their website or from their phone number. Ask them if
their identity is real and valid, if the purpose of
their call is real and valid, and what to think
about or what to do about this charge. And then
a lot of folks who hear this while they're in
the middle of it maybe or have seen something like that,
they realize, oh my gosh, this happened to me. The
bank will help you take care of it, but make

(08:05):
sure you take the right steps early. Those are just
a couple of things that they shared with us. I
felt it was very important for everybody listening to know
and to be educated. Just at a minimum, and we'll
have some information coming out. I'm sure at some point.

Speaker 5 (08:19):
Yes is being mindful and paying attention to all the details.
That's what's important.

Speaker 7 (08:26):
So whatever that information comes out, will send it. But
you can also do your own research too. There's nothing
wrong with that. Look up ways to protect yourself on Google.
It's all publicly available information.

Speaker 6 (08:35):
If you want to discover it yourself.

Speaker 7 (08:37):
We absolutely encourage you to because I want everybody to
be safe here. I want us to keep business rolling,
but we have some extra protection and education.

Speaker 6 (08:45):
Now the world is changing America.

Speaker 7 (08:48):
We have the best technology in terms of cybersecurity.

Speaker 6 (08:51):
We are the most advanced.

Speaker 7 (08:53):
But the reason you hear a lot of negative things
like Russia and China attack in the United States is
because our infrastructure is not as good. So the difference
is is we have the best technology and we're doing
a lot to stop these bad guys, but our infrastructure
is lacking behind a little bit, which will change, and
I'm sure it will change with the Trump administration because

(09:14):
his goals are a lot different and they're all America
First goal. So I would imagine and kind of predict
that his administration would put some more cybersecurity infrastructure, just
given the rate and how he acts in regards to
putting America First policy down.

Speaker 6 (09:30):
However, the best thing you can do for yourself is
know what to do.

Speaker 4 (09:33):
Thank you, William interesting and important information. I want to
wish everyone a wonderful rest of the weekend, and do
keep us on your dial in preparation for next month's
master's class. Mike who Said and Greg Workman will be
giving us a history lesson on annuities, going all the
way back to ancient Rome. Later, Mary, Madeline Kelly and

(09:55):
Greg Murray will join the conversation to discuss market swing,
along with some advice for investors. I will be back
with John Boudris. We will discuss the ten life events
that will impact retirement taxes. We also have some wit
and wisdom from Bill Kelly William. Thank you for chatting
with me this morning. I love you, Honey.

Speaker 6 (10:17):
I love you too, Mom, and as do I.

Speaker 3 (10:25):
Safe money strategies brought to you by Kelly Financial Services.
Call eight A eight eight hundred eighteen eighty one or
go to Kelly Financial dot org.

Speaker 1 (10:37):
Come retire with us.

Speaker 8 (10:39):
Let me tell you about Kelly Financial Services. You probably
think you've got retirement all figured out. You have the
four oh one K, the pension, maybe even a vacation home.
But have you planned for what happens when not if
you need long term care?

Speaker 1 (10:54):
Here's the deal. Whether you retire.

Speaker 8 (10:56):
Early or not, you won't get a warning letter when
cognitive decline or other medical issues occur. If that happens,
it can be expensive. The advisors at Kelly Financial can
help you put your long term care plan in place.
They'll ensure your assets are protected and help ease.

Speaker 1 (11:14):
The burden on loved ones.

Speaker 8 (11:15):
They also have a free investor guide called but What
If You Need Long Term Care which breaks down the
options available to you. So to get a free copy
of the guide or a free retirement consultation, call eight
eighty eight eight hundred eighteen eighty one eight eighty eight
hundred eighteen eighty one or email Kelly at Kelly Financial
dot org.

Speaker 1 (11:36):
That's Kelly at Kelly Financial dot org.

Speaker 3 (11:40):
Safe Money Strategies call eight eight eight eight hundred eighteen
eighty one.

Speaker 9 (11:47):
Good morning, you are listening to Safe Money Strategies. My
name is Mike du Said, Chief Operating officer at Kelly
Financial Services. I'm joined by one of the trusted financial
advisors on our team, Greg Workman.

Speaker 10 (11:59):
Good morning, Greg, morning, Mike. Great to be here with
you and our listeners.

Speaker 9 (12:02):
I wanted to give our listener as an update on
the Master's classes that we've been conducting over the past
several years. The classes are designed to educate our clients
and prospective clients on relevant retirement topics. We're happy to
announce that we have our next class scheduled for Tuesday,
April twenty second at five pm in our Braintree Conference
Center and Thursday, April twenty fourth at five pm in

(12:26):
our Burlington Conference Center.

Speaker 11 (12:28):
It is important to note that our master class programs
are educational in nature and they do not promote specific strategies.
As always, it is very important to note that we
are a fiduciary and obligated to put our clients' interests
first when making financial decisions on their behalf. There is
no charge to attend our master Class series, but reservations

(12:52):
are required and space is extremely limited. If interested, please
give us a call to reserve your spot. Can be
reached at eight eight eight eight hundred eighteen eighty one.

Speaker 9 (13:04):
You can also find us on the web at Kellyfinancial
dot org. There is a contact us button on our homepage.
Just click there, enter your name and contact info and
we'll be sure to respond. If you prefer email, please
send us a message to Kelly at Kelly Financial dot org.

Speaker 11 (13:22):
The title of our April class is Annuities, The Good,
the Bad, and the Ugly Most retirees are interested in
generating retirement income and protection from market losses. But like
most decisions, there is a trade off, and that's what
we'll be discussing on April twenty second and the twenty fourth.

Speaker 9 (13:42):
Now, while the majority of our retirement planning solutions involve
actively managed investment portfolios, we also have access to insurance
strategies that can be suitable when the situation calls for
guarantees and the desire to be able to sleep comfortably
at night.

Speaker 10 (13:59):
The stock market.

Speaker 9 (13:59):
Has been extremely volatile over the past few months, and
we've been advisors for a long time. We've invested in
managed money through difficult times, including the tech bubble where
the market tumbled three years back to back from two
thousand through two thousand and two, and in two thousand
and eight when the market tumbled thirty seven percent during
the Financial crisis. We've experienced some difficult markets, and I'm

(14:20):
grateful for that because our experience navigating the choppiest of
waters serves our clients well.

Speaker 11 (14:25):
Whenever the market experiences volatility like we're seeing today, there
is one tool in our financial planning toolbox that gets
extra attention because of its ability to manage the financial
planning risks of retirement, ever changing time horizons, market volatility, inflation,
and other spending shocks that can occur ahead of or

(14:49):
during your golden years.

Speaker 9 (14:51):
The tool Greg is speaking of is annuities. These are
risk management products that can provide a fixed income stream.
They are highly customizable and can offer tax advantages, payment
periods tailored to your needs, protection against losing your initial investment,
and options to transfer money to your beneficiaries. Consumers often
use annuities to guarantee income for life into help fund retirement.

Speaker 11 (15:14):
Annuities are not new. In fact, their origins can be
traced back to ancient Rome. It was during the Roman
Empire that buyers and sellers entered into contracts that were
called anua in Latin, which was the predecessor of the
English word annual, similar to today's annuities, and anua offered

(15:35):
a buyer paying a lump sum to a seller who
would later make annual payments to the buyer each year
until the buyer passed away.

Speaker 9 (15:44):
Necessity is the mother of invention. Back then, sellers were
unable to predict the lifespan of the buyers, which is
necessary knowledge to create the terms of a contract. As such,
it's no coincidence that the first version of today's actuarial
table originated to calculate the probability of human life expectancy.

Speaker 11 (16:03):
Fast forward to the Middle Ages. During this period, there
was a new use for annuities. For Europeans, it was
funding expensive war Coffers, kings and feudal lords sought financial
backers for their conflicts. Funds were placed in a pool
and investors received payments from that pool. The catch after

(16:24):
investors passed away, the remaining investors split their shares, continuing
until only one investor remained and received all of the
remaining moneies in the pool. In short, it was through
annuities that England, as well as other powerful nations, defended
their borders and expanded to colonize the world. This early

(16:45):
system for raising capital was called a tontine. Although they
seem alien to us today, tontines have a storied pedigree
that reaches back at least a half a millennium. The
name comes from a seventeenth century Italian financier, Lorenzo de Tonti.
It is not clear whether he actually invented the tontine,

(17:07):
but Tonti did famously pitch a tontine scheme to the
French government in the seventeenth century as a way for
King Louis the fourteenth to raise money.

Speaker 9 (17:17):
I know when I mentioned the word innuity to prospective
clients today, about half of the people make a face
like they just ate elemon. There are reasons why annuities
get a bad rap, but there are situations where they
have their place and clients are quite pleased with them,
especially during volatile periods. You shared an interesting fact with
me that came out of your research, Greg that even

(17:38):
in their heyday, the concept of tontines was greeted with skepticism.

Speaker 11 (17:41):
At the height of their popularity in the nineteen hundreds,
tontins represented almost two thirds of the insurance market here
in the United States and accounted for more than seven
and a half percent of the nation's wealth. By nineteen
oh five, there were an estimated nine million active tontine
policies in the United States in a country of only

(18:02):
eighteen million households. Despite their popularity, tontines had acquired a
bad rap in the US because of several well publicized
insurance scandals, so to some they remain synonymous with greed
and corruption. Today in Europe, tontines are actually regulated under
the European Parliament and tontines are still common today in France.

Speaker 9 (18:27):
According to your research, tontines gave way to more sophisticated
annuity programs in England, France, and Holland throughout the sixteenth century.
In fact, many European nations opted to issue annuities instead
of government bonds. This meant that annuity contracts would still
offer a guaranteed lifetime income in the proceeds from the
contracts would fund government programs and construction projects. Greg and

(18:51):
I need to take a quick break, but stay tuned
because we'll continue our annuity history lesson later in today's show.

Speaker 3 (19:00):
Kelly Financial Services eight eight eight eight hundred eighteen eighty one.

Speaker 2 (19:07):
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

(19:29):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come Retire with Us.

Speaker 4 (19:36):
Hi, I'm Kelly Kelly from Kelly Financial. Back by popular demand,
We're now offering a new master's class on annuities, the good,
the Bad, and the Ugly on Tuesday, April twenty second
and Thursday April twenty fourth. You'll discover facts about annuities
you never knew about, and we'll answer your questions. For
details and to make a reservation, call eight eight eight

(19:58):
eight hundred eighteen eight one or email Kelly at Kelly
Financial dot org.

Speaker 5 (20:03):
We're Kelly Financial. Come Retire with us.

Speaker 3 (20:07):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeleine Kelly.

Speaker 12 (20:14):
Good morning.

Speaker 13 (20:14):
This is Greg Murray, Senior vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our wealth advisors. How are you
doing today?

Speaker 14 (20:24):
Good morning, Greg. I am very well. Thank you for asking.
I'm definitely happy to see these warmer and longer days
this week. But with that said, I am also happy
to be able to enjoy the short time of snow
we have and ski this weekend. What about you?

Speaker 13 (20:38):
I wish I could me and Diane purchase the house recently?
Are going through the renovation process. I'll be installing one
hundred square feet of hardwood flooring. I'll be going skiing
at the end of this month to celebrate Eighties Day
at Loon Though.

Speaker 14 (20:50):
And I will see you there decked out and brighten
me on suits. You can't miss us. So today we're
tackling a big question when it comes to market volatility,
such as what we're seeing right now. Are investors more
worried about the federal reserves policies or the uncertainty surrounding
tariffs and trade talks. Greg This is a tough one.

(21:10):
Both have been driving market swings lately.

Speaker 13 (21:12):
It truly is, and it's not just about headlines. It's
about how these factors fundamentally impact businesses, the economy, and
ultimately your investments.

Speaker 14 (21:20):
Let's start with tariffs. We've seen trade tensions between the
US and China, Mexico and Canada flare up again with
new tariffs being imposed and threats of more on the way.
Every time there's a tariff announcement or a breakdown in negotiations,
market react, sometimes violently.

Speaker 13 (21:36):
That's because tariffs create uncertainty, which is the market's worst enemy.
Companies don't know how much they'll be paying for imports
next quarter. Supplying chains gets disrupted and consumers may end
up paying more for goods.

Speaker 12 (21:47):
It's a domino effect, right.

Speaker 14 (21:49):
And different sectors react in different ways. For example, manufacturing
and tech companies that rely on global supply chains get
hit hard, while domestic focused industries think utility or consumer
staples might hold up better.

Speaker 13 (22:02):
And let's not forget investor sentiment. If a company like
Apple suddenly has to pay higher tariffs some part source
from overseas, their margins shrink, profits take a hit in
their stock price drops. Multiply that across the S and
P five hundred, and you've got market wide volatility.

Speaker 14 (22:17):
Well said, Now let's talk about the FED. Some argue
that monetary policy, the FED raising or cutting interest rates,
has an even bigger impact on volatility than tariffs. After all,
the FED controls the cost of borrowing, which affects everything
from corporate investments to mortgage rates.

Speaker 13 (22:33):
When the FED raises rates, borrowing gets more expensive, which
can slow down economic growth. But if they cut rates
too aggressively, it could signal economic trouble.

Speaker 12 (22:42):
Either way, marcus react, and just like.

Speaker 14 (22:44):
With tariffs, it's the uncertainty. That shakes things up. If
the Fed hints at future rate hikes or cuts, traders
scramble to adjust their portfolios. We've seen entire market rallies
or sell offs based purely on Fed Chair Jerome Powell's
comments exactly.

Speaker 13 (22:59):
A perfect exam was during mid December of last year.
The markets were anticipating a more aggressive pace of rate
cuts in twenty twenty five, potentially four or more compared
to the subsequent projection of only two, and socks whipsod
in response.

Speaker 14 (23:12):
So which one tariffs are the Fed? Which one creates
more volatility? If we look at recent history, tariff headlines
have caused sharp, sudden sell offs. The Fed policy changes
tend to create longer term market shifts.

Speaker 13 (23:24):
I'd argue the Fed has a broader, more sustained impact.
Tariff news hit certain sectors hard, but the interest rate
changes affect every part of the economy, housing, corporate debt,
consumer spending, you name it.

Speaker 14 (23:35):
True, but tariff uncertainty is harder to predict. We know
when the FED is meeting and what data they're looking
at with tariffs, one tweet can send the market into
a tailspin.

Speaker 13 (23:46):
Great point that unpredictability can lead to sharp knee jerk
reactions in the market, whereas FED driven volatility tends to
be more calculated.

Speaker 14 (23:54):
So what should investors do? How do you manage your
portfolio when both tariff talks and FED decisions are looming.

Speaker 13 (24:00):
First, don't react emotionally to the headlines. Tariff talks and
FED moves will always be part of the market landscape. Instead,
focus on diversification, having a mix of assets that can
weather both interest rate changes and trade disruptions great advice.

Speaker 14 (24:14):
Also consider defensive sectors like healthcare, utilities and consumer staples,
which tend to be less affected by both tariffs and
interest rate hikes.

Speaker 13 (24:22):
And finally, keep some cash on the sidelines. Volatility creates
buying opportunities. If the market overreacts to a tariff headline
or a FED decision, you can step in and grab
quality stocks at a discount.

Speaker 14 (24:32):
I'm glad you mentioned that down markets like we had
this week offers a good time to buy into the market.
Even if it's a fund that tracks a major index
like the S and P five hundred, it can be
wise to buy into it when it's down because if
history repeats itself, it always comes back up eventually. Well
that is our take on tariffs versus the FED. Both
play a big role in market volatility, but in different ways.

Speaker 13 (24:55):
Absolutely, whether it's trade war or an interest rate hikes.
Smart investors they prepared and don't get caught up with
the noise.

Speaker 14 (25:00):
You got that right. Emotions cost you money, while discipline
makes you money. For our listeners, please reach out to
us if you have any questions or concerns. And for you, Greg,
I hope you have a fabulous weekend and I look
forward to our chat next week.

Speaker 12 (25:13):
Thank you, Mary Madeline you as well.

Speaker 3 (25:14):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team, call
eight eight eight eight hundred eighteen eighty one.

Speaker 4 (25:26):
Hi, I'm Kelly Kelly from Kelly Financial Services. What do
you look for when choosing a financial advisor? We like
to believe is based on shared values, trust and knowledge.
We've been serving clients in the Greater Boston area for
more than twenty years now. If you have investable assets
and want to learn more about our experience, call us
eight eight eight eight hundred eighteen eighty one or email

(25:49):
Kelly at Kellyfinancial dot org to set up a free
retirement consultation.

Speaker 5 (25:53):
We're Kelly Financial. Come retire with us, Come and take
a seat.

Speaker 3 (25:57):
Thank you, it's nice. Yes, yes, yes, Now what do
you want right? How are my sons performing?

Speaker 1 (26:04):
Hello?

Speaker 3 (26:05):
Look at the pretty colors the sun makes reflecting off
this glass.

Speaker 2 (26:10):
If your financial advisor isn't listening, it's time for a change.
The advisors at Kelly Financial will listen and guide you
towards a more fulfilling retirement. For a free consultation called
eight eight eight eight hundred eighteen eighty one, or go
to Kelly Financial dot org.

Speaker 3 (26:27):
Safe Money Strategies with John Fodris and Kelly Kelly. Call
the team on eight eight eight eight hundred eighteen eighty one.

Speaker 10 (26:38):
And we are back.

Speaker 2 (26:40):
I am John Budris, the co host of Safe Money
Strategies and as always, thanks for joining me this morning. Well,
you have spent your whole life really investing, planning, saving,
preparing for your retirement years, you know, bathed in the
golden light of seniority. But it's no surprise to you

(27:02):
that certain events in your life you can plan for
and some you can't. And whichever of these we're talking about,
these can cause your tax bill to skyrocket.

Speaker 10 (27:16):
When you retire.

Speaker 2 (27:17):
Many folks don't consider retirement taxes as a central planning
issue before it's too late to do so. And today's
segments with Kelly Financial CEO Kelly Kelly are addressed to
take note of those and put some light on them
so we can get a better planning handle on them.
So I'm going to bring Kelly Kelly in right now. Kelly,

(27:40):
come on in, grab your coffee, and let's talk about
these issues.

Speaker 4 (27:44):
Good morning, John, happy to be here with you on
this Saturday morning.

Speaker 2 (27:49):
Okay, Kelly, So we want to break down the ten
major life events that can and will impact your retirement
taxes and what are listeners can do about these?

Speaker 4 (28:01):
Absolutely, John, I believe hard working Americans deserve to keep
more of what they've earned, and unfortunately, most people don't
realize just how much their retirement savings could be affected
by taxes until they're already in the thick of it.
But with the right planning, they can minimize their tax

(28:23):
burden and protect their nest egg.

Speaker 2 (28:25):
Well, let's be honest, many folks believe that once they
retire their taxes will go down. They think, well, I
won't be earning that paycheck anymore, so my w twoter
column is going to be eliminated, so Uncle Sam won't
be coming after me. But that's really not the case,
is it not at all?

Speaker 4 (28:44):
In fact, many retirees find themselves in higher tax brackets
than they expected thanks to things like required minimum distributions
or rmds, social security taxes, and even unexpected medical expenses.
That's why it is so important to understand these ten

(29:04):
life events and plan ahead.

Speaker 2 (29:07):
Okay, let's dive into the list. What's the first big
event retirees need to be aware of.

Speaker 4 (29:13):
The first one is retiring early. A lot of people
in the Fire movement, which stands for financial independence retire early,
have dreams of leaving the workforce before age fifty nine
and a half. But here's the catch. If they start
pulling from retirement accounts before then, they could face early

(29:34):
withdrawal penalties on top of income taxes. There are ways
to access their money penalty free, but it requires the
right strategy.

Speaker 2 (29:44):
So retiring early sounds great, but if not done right,
the tax man will take a huge bite. Mony What's
number two?

Speaker 4 (29:52):
The next one is starting social Security. Many retirees don't
realize that up to eighty five percent of their social
security benefits can be taxed if their income exceeds certain thresholds.
The more they earn from other sources like a pension,
part time work, or investments, the more likely they'll get

(30:13):
taxed on their benefits. Strategic planning can help reduce that burden.

Speaker 2 (30:18):
I know. The next ones on the list are those
r mds that has required minimum distributions that can really
catch a lot of people off guard.

Speaker 5 (30:27):
And they do.

Speaker 4 (30:28):
Once people hit age seventy three, the government forces them
to start withdrawing money from their traditional iras and four
to oh one case and guess what every dollar they
withdraw is taxable income. If they've got a large retirement account,
rmds could push them into a higher tax bracket.

Speaker 2 (30:49):
Okay, so we see many retirees downsize. Is that always
tax free?

Speaker 5 (30:55):
Not necessarily?

Speaker 4 (30:57):
If our listeners have lived in their homes for at
least two of the last five years, they can exclude
up to five hundred thousand dollars in capital gains when
they sell if they are married couple. But if profits
exceed that, they could be looking at a hefty capital
gains tax bill.

Speaker 2 (31:17):
Speaking of moving taxes vary state by state, don't they exactly.

Speaker 4 (31:22):
Some states have no income tax, while other states tax
retirement income quite aggressively. Plus, you must look at the
property taxes, sales taxes, and estate taxes because they can
certainly vary. Before moving to another state, retirees should really
consider how moving will impact their finances.

Speaker 2 (31:46):
Healthcare costs tend to be one of the biggest concerns
in retirement. How does that affect your taxes?

Speaker 4 (31:53):
Medical expenses can be tax deductible, but only if they
exceed a certain percentage of the adjustment to gross income.
Having the right health savings account or HSA strategy while
still working can help reduce taxable income in retirement.

Speaker 2 (32:11):
What about long term care, Kelly, That's a huge issue
and it's not cheap.

Speaker 5 (32:16):
Not at all.

Speaker 4 (32:17):
Nursing homes or in home care can cost up to
one hundred thousand dollars per year. The best way to
be prepared is through long term care insurance or tax
advantage accounts like an HSA. Without planning, these calls can
quickly eat through savings.

Speaker 2 (32:35):
Good reminder, what about the death tax otherwise known as
the inheritance tax, which I believe is the most pernicious
of them all. I bet most Americans don't even think
about this one.

Speaker 5 (32:47):
That's right, John.

Speaker 4 (32:48):
If the plan is to leave money to the kids,
they could get hit with high taxes, especially if they
inherit a traditional IRA or for a one K. There
are strategies to minimize this, just ask your advisor.

Speaker 2 (33:03):
A life event that's hard and sad is losing one's spouse.
In addition to being heartbreaking, there's a financial impact too,
isn't there? And this is something you know about.

Speaker 4 (33:15):
Yes, many widows and widowers end up in the widow's
tax tramp. This happens when losing a spouse means going
from filing jointly to filing as a single taxpayer. This
can also push folks into a higher tax bracket.

Speaker 2 (33:31):
And the last one good old Washington.

Speaker 5 (33:33):
DC exactly.

Speaker 4 (33:35):
Tax laws change all the time, and if the current
tax cuts expire in twenty twenty six, we could see
higher tax rates for retirees. That's why ongoing tax planning
is so critical.

Speaker 2 (33:47):
Well, there you go. We just talked about ten life events,
which are ten ways Uncle Sam can take more of
your money if you're not prepared. So what can our
listeners do to protect themselves? Kelly, to put that shield
around what they've worked their whole life for.

Speaker 4 (34:04):
The first step is getting a personalized retirement tax strategy.
At Kelly Financial Services, our advisors can provide retirement tax
assessments for our listeners, will help identify potential tax pitfalls
and guide retires through strategies that will keep more of
their wealth. We also have a free investor guide Tax

(34:26):
Strategies for retirement buckets create tax choices. It explains the
importance of tax efficiency, what an RMD tax penalty is,
and answers the question will taxes be lower in the future.

Speaker 6 (34:40):
Well.

Speaker 2 (34:40):
To get the guide and make a complimentary appointment with
a Kelly Financial advisor, called eight eight eight eight hundred
eighteen eighty one or email Kelly at Kellyfinancial dot org.
When we come back, we'll come back to the ten
life events that impact your retirement savings and talk more
about how a financial advisor can help you go through

(35:00):
each one and help you create that the Iron Dome,
let's call it around your life savings. We'll be back
in the moment.

Speaker 3 (35:13):
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 5 (35:23):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (35:26):
Major life events like selling a home, taking social Security,
withdrawing from retirement accounts, or even unexpected healthcare costs can
all impact your retirement taxes. The advisors at Kelly Financial
can create a bucket strategy to enable you to manage
tax free withdrawals. Our free investor guide, called Tax Strategies

(35:46):
for Retirement Buckets Create Tax Choices explains how you can
divide your assets into tax free, tax deferred, and taxable buckets.
For the guide or for a free consultation with a
Kelly advisor, call eight eight eight eight hundred eighteen eighty
one or email Kelly at Kellyfinancial dot org. We also
have a master series coming up on annuities, The Good,

(36:09):
the Bad and the Ugly on Tuesday April twenty second
and Thursday April twenty fourth.

Speaker 5 (36:15):
For details and to make a reservation, call.

Speaker 4 (36:17):
Eight eight eight eight hundred eighteen eighty one. We're Kelly Financial.
Come retire with.

Speaker 3 (36:22):
Us Safe Money Strategies eight eight eight eight hundred one
eight eight one.

Speaker 1 (36:29):
Come retire with.

Speaker 2 (36:30):
Us and we are back. I'm John Boudris, the co
host of Safe Money strategies and thanks for joining me
this morning. Today we're talking about one of the largest
threats to your retirement and that's taxes. Yes, dear listeners,
you've spent your whole life working and planning and deferring

(36:51):
your gratification, only to find out that Uncle Sam is
there to just punch your right in the mouth. There
are ten life events that can drastically impact your retirement taxes.
These things are like retiring early, claiming Social Security, selling
your home, or even just moving to a different state.

(37:12):
Plus let's not forget the required minimum distributions, long term
care costs, and even death taxes that could blindside your family.
But here's the good news, you don't have to figure
this one out alone. Back with us is Kelly Kelly,
CEO of Kelly Financial. She's here to talk about how
a good financial advisor and a good financial plan isn't

(37:35):
just helpful, it's essential for navigating these tax traps. And
they are like big bear traps out there, and I
will say they're out there deliberately. It's no accident that
the government sets these things up so it can keep
more of your hard earned money to waste. In all
of the things we see that Elon Musk is discovering

(37:57):
every single day. This was not an accident, ladies and gentlemen,
this was intentional. Let's just put it bluntly on the table.
The government is a thief. The government is not your
friend ever, never has been, at least at recent history.
Would you like to hear how I really feel so, Kelly,

(38:19):
come on back. I hope you have that second cup
of coffee.

Speaker 4 (38:22):
Good morning, John, happy to be back with you on
this Saturday morning.

Speaker 2 (38:26):
Well, we've been having an important conversation today about life
events and the reality that taxes just don't disappear in retirement.

Speaker 5 (38:35):
That's right, John.

Speaker 4 (38:36):
In fact, many retirees end up paying more in taxes
than they expected because they did not plan properly. But
that's where a trusted financial advisor comes in.

Speaker 2 (38:48):
Well, let's face it. People assume that when they retire,
their taxes will automatically go down. But that's not always true,
is it.

Speaker 5 (38:56):
No, not at all.

Speaker 4 (38:57):
Many retirees find themselves in higher tax brackets than they expected.
That's because they're suddenly pulling from multiple income sources such
as social security pensions, four oh one k's, iras and investments,
and these all have different tax rules.

Speaker 5 (39:14):
What most people.

Speaker 4 (39:16):
Don't realize is that without the right strategy, things like
rmds and capital gains from selling a home can actually
push them into a higher tax bracket, making them oh
more than they anticipated. So it's critical to have a plan,
but not just any plan, a strategy designed to legally
minimize tax burdens and make retirement savings last longer.

Speaker 2 (39:40):
All right, let's walk back through these ten big life
events that impact retirement taxes. At this time, let's discuss
how a financial advisor can help people navigate them. The
first one was retiring early. A lot of people dream
about retiring early, but I've heard you say a number
of times that this can be a dangerous tax trap

(40:02):
if you don't do it properly.

Speaker 4 (40:04):
Why is that because if money is pulled from retirement
accounts before age fifty nine and a half, there will
be a ten percent early withdrawal penalty on top of
regular income taxes. A financial advisor can help structure a
strategy using Wroth conversion ladders and brokerage account withdraws to

(40:26):
legally avoid penalties and keep tax liability low.

Speaker 2 (40:30):
Okay, I know social Security taxes catch a lot of
people off guard. How does a financial advisor help with this?

Speaker 4 (40:37):
Many retires don't realize that up to eighty five percent
of their Social Security benefits could be taxed if they
have too much other income. An advisor can be a
guide for when is the right time to claim benefits
and how to structure different income sources to reduce taxable
parts of Social Security.

Speaker 2 (40:56):
Next on the list are the rmds. The government acquires
retirees to take rmds at age seventy three. By the way,
I just marked my seventy third birthday a couple days ago.
Whether they need the money or not, correct, How can
advisor help prevent a tax disaster here? Because they are significant.

Speaker 4 (41:17):
An advisor can use Wroth conversions and strategies such as
qualified charitable distributions to minimize the tax impact.

Speaker 10 (41:26):
Good to know.

Speaker 2 (41:27):
Next up is downsizing. We've talked about this topic on
the Shoe before. So for those who sell their home,
it's not tax free?

Speaker 10 (41:34):
Is it not?

Speaker 5 (41:35):
Always?

Speaker 4 (41:36):
If they profit more than twenty five thousand dollars as
a single person or five hundred thousand dollars as a
married couple, the excess could be taxed. An advisor can
help structure the sale properly, spreading out the gains, or
reinvesting in tax friendly ways.

Speaker 2 (41:53):
Different states have different tax rules. How can advisor help
someone moving into retirement?

Speaker 4 (42:00):
Users can look at income tax, property tax, and inheritance
tax laws to find the best state for their situation.
At Kelly Financial, we also refer our clients to our
tax partners should they have additional or unique tax questions.

Speaker 2 (42:16):
What about healthcare? It's expensive, we know that. How does
a Kelly advisor help with that?

Speaker 4 (42:21):
We can help clients ensure they have help savings accounts
or HSA's tax free long term care insurance and the
right medicare strategy to reduce out of pocket costs and
avoid tax surprises.

Speaker 2 (42:36):
Next up, inheritance. A lot of folks don't realize their
kids could owe a mountain of taxes on inherited iras
or four oh one.

Speaker 5 (42:46):
Case that's right.

Speaker 4 (42:47):
Our advisors help set up WROTH conversions, point our clients
towards setting up trust and create tax friendly inheritance plans
to keep more money in the family.

Speaker 2 (42:58):
In the last segment, we acknowledge how hard it is
to lose a spouse. Beyond being devastating in the heart
it affects our taxes? How can advisor prepare for that?

Speaker 4 (43:09):
At Kelly Financial, we plan ahead to minimize the widow's
tax trap so the surviving spouse isn't pushed into a
higher tax bracket after switching from joint to single filing.

Speaker 2 (43:21):
Congress has been known to change the tax codes and
sometimes even retroactively. How does an advisor help retirees stay
ahead of this?

Speaker 4 (43:30):
Well, with President Trump back in the office, some of
his expiring tax codes likely won't end, but still we
keep our clients updated and will proactively adjust strategies to
protect their wealth.

Speaker 2 (43:43):
Okay, last one, How can a financial advisor help retirees
pass on wealth the right way?

Speaker 1 (43:50):
Kelly?

Speaker 4 (43:51):
There are a few different strategies that work. Retirees can
minimize the state taxes, set up the right trust, and
use Wroth conversions so airs inherit tax free money instead
of a tax bomb.

Speaker 2 (44:04):
Well, that makes sense. Retirement taxes are complicated and if
you don't have a strategy, Dear listeners, you're leaving yourself
wide open.

Speaker 5 (44:12):
It's true.

Speaker 4 (44:13):
That's why our Kelly Advisors offer retirement tax strategy sessions
for clients. We go over their situation and help protect
them from unnecessary taxes. We also have a free investor
Guide Tax Strategies for retirement Buckets create tax choices. It
answers a number of tax related questions and separates tax

(44:34):
strategies into four buckets, which are taxable, tax deferred, income
tax free for taxable estates, and income tax free for
tax free estates.

Speaker 2 (44:45):
To get the guide and to make a complementary appointment
with a Kelly Financial advisor, called eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.
You are listening to Safe Money Strategies the radio show
Heard Radio you're on WRKO and streaming of the iHeart app.
Stay tuned and we will be back in just a moment.

Speaker 3 (45:10):
Kelly Financial Services. Call eight eight eight eight hundred eighteen
eighty one.

Speaker 4 (45:16):
Hi, I'm Kelly Kelly from Kelly Financial. Back by popular demand,
We're now offering a new master's class on annuities, the good,
the bad, and the Ugly on Tuesday April twenty second
and Thursday April twenty fourth. You'll discover facts about annuities
you never knew about, and we'll answer your questions for
details and to make a reservation Call eight eight eight

(45:38):
eight hundred eighteen eighty one or email Kelly at Kellyfinancial
dot org.

Speaker 5 (45:43):
We're Kelly Financial. Come retire with.

Speaker 3 (45:45):
Us safe money strategies. Call eight eight eight eight hundred
eighteen eighty one or go to Kelly Financial dot org.

Speaker 9 (45:55):
Welcome back. I'm Mike du sat In. Joining me and
studio is Greg Workman. Our next master class will be
held on Tuesday, April twenty second at five pm in
our Braintree Conference Center, and then again on Thursday, April
twenty fourth at five pm in our Burlington Conference Center.
There is no charge to attend, but reservations I required
in space is limited. If interested, give us a call

(46:16):
to reserve your spot. We can be reached at eight
eight eight eight hundred eighteen eighty one. The topic for
April's class will be annuities, the Good, the Bad, and
the Ugly. As a lead up to next month's class,
Greg and I have been discussing.

Speaker 12 (46:30):
The history of annuities.

Speaker 9 (46:32):
Greg, I understand you have a relevant story involving Ben Franklin.

Speaker 11 (46:35):
Yes, even Ben Franklin embraced annuities. In his will, Franklin
left annuities to both Boston and Philadelphia two hundred years
after his death on April seventeenth, seventeen ninety. Both cities
became beneficiaries of Franklin's eighteenth century wisdom.

Speaker 10 (46:55):
For over two hundred years.

Speaker 11 (46:57):
All the way through the early nineteen nineties, Franklin's annuity
to Boston continued paying and only stopped when the City
of Boston opted to receive the remaining balance in a
lump sum distribution.

Speaker 9 (47:11):
Wow, that's pretty cool history brought to you by the
very man that advised a penny saved is a penny earned.

Speaker 11 (47:17):
Fast forward from Ben Franklin to the early twenties, when
the American public could finally get a crack at annuities
when the Pennsylvania Company for Insurance on Lives began offering
them in nineteen twelve. Growth remained slow but steady until
the Great Depression, when investors placed more trust in insurance

(47:37):
companies than they did the banks. The concept was so
popular that corporations developed group annuities for their pension plans.
These early public annuity offerings offered fixed rates, tax deferred status,
and a guaranteed return.

Speaker 9 (47:53):
Guaranteed safety and return on principle were certainly attractive attributes,
but tax deferral would become a maze a feature of
the annuity. As a result, this made compounded accumulation more
appealing to customers.

Speaker 11 (48:05):
Even Washington embraced the concept Congress was all about annuities
with the passage of the nineteen eighty two Periodic Payment
Settlement Act, which exempted structured settlement payments from taxes. Through
the remaining years of the twentieth century, annuities have kept
growing in complexity. Additionally, there was the Tax Reform Act

(48:28):
of nineteen eighty six. This tax reform reduced the ability
of iras to defer tax liabilities for investors. In turn,
this made iras less attractive and bolstered the tax deferred
status of annuities.

Speaker 9 (48:45):
I've been an advisor for over two decades and I
truly have a serious love hate relationship with annuities, and
I think that stems from the fact that there are
so many different types, from fixed to indexed to variable,
and then there's the application. I've literally met with folks
during my career that have told me the annuity they
purchased was one of the best decisions they've ever made.

(49:05):
But I've had just as many folks tell me the
exact opposite, that it was one of the worst decisions
they ever made.

Speaker 11 (49:10):
And that's why we think our next master's class is
so important. Let us help you understand the pros and
cons to owning an annuity. If you are already in
an annuity, maybe we can help you determine the best
way to utilize it moving forward. Or if you are
considering the purchase of an annuity, let us help you determine.

Speaker 10 (49:31):
If it's the right choice.

Speaker 9 (49:33):
Once again, the upcoming class will be held on Tuesday,
April twenty second at five pm in our brain Tree
Conference Center in Thursday, April twenty fourth at five pm
in our Burlington Conference Center. There is no charge to attend,
but reservations are required in space is limited. If interested,
please give us a call to reserve your spot.

Speaker 11 (49:53):
Our team can be reached at eight eight eight eight
hundred and eighteen eighty one. Once again, that number is
eight eight eight eight hundred eighteen eighty one. You can
also find us on the internet at Kellyfinancial dot org.
There is a contact us button on our homepage. Click there,
enter your name and contact information and we'll be sure

(50:16):
to respond. If you prefer email, send us a message
at Kelly at Kelly Financial dot org.

Speaker 10 (50:24):
With that, I'm Greg Workman.

Speaker 9 (50:25):
And I like you said, join us next week For
more safe money strategies.

Speaker 3 (50:33):
Kelly Financial Services go to Kelly Financial dot org.

Speaker 8 (50:37):
Let me tell you about Kelly Financial Services. You probably
think you've got retirement all figured out. You have the
four to oh one K, the pension, maybe even a
vacation home. But have you planned for what happens when
not if you need long term care?

Speaker 1 (50:52):
Here's the deal. Whether you retire.

Speaker 8 (50:54):
Early or not, you won't get a warning letter when
cognitive decline or other medical issues are.

Speaker 1 (51:00):
If that happens, it can be expensive.

Speaker 8 (51:03):
The advisors at Kelly Financial can help you put your
long term care plan in place. They'll ensure your assets
are protected and help ease the burden on loved ones.
They also have a free investor guide called but What
If You Need Long Term Care, which breaks down the
options available to you. So to get a free copy
of the guide or a free retirement consultation, call eight

(51:26):
eight eight eight hundred eighteen eighty one eight eight eight
eight hundred eighteen eighty one or email Kelly at Kelly
Financial dot org.

Speaker 1 (51:34):
That's Kelly at Kelly Financial dot.

Speaker 3 (51:37):
Org Safe money Strategies Call now on eight A eight
eight hundred eighteen eighty one, or go to Kelly Financial
dot org.

Speaker 15 (51:49):
What did I have and what didn't I have? Growing up,
Ladies and gentlemen, we didn't have seat belts? How do
we survive? Can you imagine that there was a strap
on the seat on the back of that Chevy and
there were four kids in the back of the seat
on the bench, pulling on that rope that was across
the back of the seats. There was no air conditioning
in that car, no air conditioning at the house. Half

(52:11):
the time, we didn't have heat. We had one bathroom,
ten people. You tell me, I can't even imagine how
we got things done. There were three bedrooms upstairs, one
bedroom downstairs, and my parents had their own bedroom, so
we had four bedrooms for seven kids. I had to
bunk with my grandfather on the first floor, which was

(52:33):
good for me logistically because I could get to the
cupboards at night when everyone else was asleep, I could
sneak out get into the cookies. We didn't have cell phones,
of course, we had a two party phone, and we
did indeed listen to that second party whenever we could.
As children who were curious, we wanted to know what
was going on at our neighbor's house. Somewhere along the line,

(52:54):
they decided to switch off where your second party was,
so they weren't your neighbor. Wasn't as fun anymore when
they did that. The things we had, we had the
same mix master from when I was born to when
I went into the Air Force, and I don't know
where it was before I was born, same mix master,
same three stainless steal bowls. We had the same potato

(53:17):
masher my entire life. Ladies and gentlemen, think about that.
We had one doctor. We didn't have a skin specialist,
a hard specialist, a bladder specialist. We went to see
doctor Beistozo. It was two bucks when you got there.
When you went in to see doctor Beistoso, he was
smoking a Paul Maul cigarette. So you're sitting there looking

(53:39):
at him. He's looking at you. He's asking you what's wrong.
My mother would say, he's got the croup. He would
cough your lungs out because we all froze to death
half the time. He got one vaccination. It was for smallpox.
We all got the measles, we all got the chicken pox.
That was basically it. You got through it. I ironed
my own clue clothing from third grade on and that's.

Speaker 6 (54:02):
What we do.

Speaker 15 (54:02):
In the mornings. We'd be down there in the dining room.
Everyone would be in line ironing their shirts. We ate
home cooked meals. We had the same menu. We probably
had a ten meal rotation for my entire life, so
there wasn't a lot of change. I think we're on
our third set of laptops at my house. My daughter
Mary Madlin has I think she's on her third cell

(54:24):
phone in six years. Technology is moving so fast, but
as a nation, I think we're going backwards. I think
our ability to dream is being curtailed. It is a
great country, It was a great country and it will
be again.

Speaker 11 (54:42):
I love you.

Speaker 3 (54:50):
Safe money strategies eight eight eight hundred one eight eight one.

Speaker 1 (54:56):
Come retire with us.

Speaker 5 (54:58):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (55:00):
Major life events like selling a home, taking social security,
withdrawing from retirement accounts, or even unexpected healthcare costs can
all impact your retirement taxes. The advisors at Kelly Financial
can create a bucket strategy to enable you to manage
tax free withdrawals. Our free investor guide called Tax Strategies

(55:20):
for Retirement Buckets Create Tax Choices explains how you can
divide your assets into tax free, tax deferred, and taxable buckets.
For the guide or for a free consultation with a
Kelly Advisor, call eight eight eight eight hundred eighteen eighty
one or email Kelly at Kellyfinancial dot org. We also
have a master series coming up on annuities, The Good,

(55:43):
the Bad and the Ugly on Tuesday April twenty second
and Thursday April twenty fourth. For details and to make
a reservation, call.

Speaker 5 (55:52):
Eight eight eight eight hundred eighteen eighty one where Kelly Financial.
Come retire with us.

Speaker 12 (55:58):
The news break is coming up.

Speaker 16 (56:00):
Ben 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 maybe helping out with your grandchildren's college.

(56:22):
You see a financial advisor isn't only about the stock market.
That's only a portion of the job description. And in
the end you'll be amazed at how very small adjustments
over time can have enormous results when it's time to retire.
In fact, these adjustments can be the difference of when
you can retire, or in some cases, whether you can
retire at all. So call us at eight eight eight

(56:43):
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.

Speaker 2 (56:57):
All right, see you next week.