Kelly Financial: Saturday, March 29, 2025

Episode Transcript

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

Speaker 2 (00:20):
Good morning, dear Boston. I'm John Budris and Kelly Financial
Safe Money Strategies indeed carries on every Saturday right here
on WRKO six point eight on the AM dial and
online from just about anywhere. Well, it is officially spring
baseball is back. The Red Sox are back. The mourning

(00:40):
dove that has come to my windowsill and laying eggs
for the last couple of years, well, cheese back. Actually,
the pair of them are back. It's wonderful to watch
them trade off. One sits on the egg, one goes
and gets food, and it's just truly a wonderful thing
to watch. And there's a metaphor in it because some
some times it's successful that the eggs will hatch, the

(01:03):
chicks will fledge, and everybody will fly away and be
very happy. And as happens in nature, every once in
a while a hawk will fly by and swoop down
and take out the whole family. And that's what we
don't want to happen with your retirement savings. And that's
what we are going to be talking about later in
the show. I'm going to be having Kelly Kelly on

(01:23):
and we're going to be talking about that exact subject,
how to protect your savings from the flukes and tragedies
and tsunamis in the market, so that you can have
peace of mind and sleep at night like the way
you should be and not worrying about things. So we'll
be right back in a minute after these messages and
stay with.

Speaker 3 (01:41):
Us Safe money Strategies with John Budrus and Kelly Kelly.
Call Kelly Financial on eight eight eight hundred eighteen eighty one.
We'll go to Kelly Financial dot org.

Speaker 4 (01:58):
I'm Kelly Kelly from Kelly Financial. When it comes to
your retirement savings, you need strategies that can safely preserve
and grow your wealth. Kelly Financial offers precisely those kinds
of strategies. What's more, the advisors are fiduciaries, meaning they're
legally obligated to act in your best interests.

Speaker 5 (02:17):
They can guide you through a range of.

Speaker 4 (02:18):
Options that offer security, stability, and potential growth without having
to endure the roller coaster ride of the market. Those
options could include CDs, life insurance bonds, and fixed index annuities.
To understand how a fixed index annuity can be part
of your financial strategy, Kelly Financial has a free investor
guide called the ABCS of Fixed Index Annuities, which outlines

(02:42):
their benefits and limitations. For the guide, or for a
free retirement consultation, Paul eight eight eight eight hundred eighteen
eighty one, or email Kelly at Kellyfinancial dot org where
Kelly Financial.

Speaker 5 (02:56):
Come retire with us.

Speaker 3 (02:58):
Safe money Strategies eight eight eight hundred eighteen eighty one.
Well visit Kelly Financial dot org. Come retire with us.

Speaker 4 (03:12):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to our show on this fine Saturday morning.
I'm here with my handsome son, William Kelly Junior, as
we chat every Saturday morning.

Speaker 5 (03:25):
Good morning William, Good morning Mom.

Speaker 1 (03:26):
How are you?

Speaker 5 (03:27):
I'm doing great. How about yourself?

Speaker 6 (03:29):
I'm fine? Thank you for asking. It's been a beautiful
past couple of days. Life has been very great. The
animals are happy. Life has been very stable. Nothing crazy
or any kind of nuisance has happened. Honestly, the weather
has been great. Life has been good, So no complaints here.
But I'm gonna be honest. When there's nothing to complain about,
life can get kind of boring, you know. I can't

(03:51):
be upset about something. Life is too good. We did
have a really positive day at the office earlier this week.
It was great to see all the advisors and I
had very positive interactions with them. As always, I was
about to say, we had a really good meeting. We
discussed our portfolio management a little bit. It was really productive.
Everybody asked really good questions and it was a really

(04:13):
constructive meeting. We went to Legal Seafood after with the team.
Charlie couldn't make it. He had some family events he
had to attend to. Greg Murray was in Burlington, so
he couldn't attend. Mike and Greg stuck around Greg Workman.
That is, we had a wonderful conversation with them. I
really admire Greg Workman and Mike. They have both given
me some great advice, especially when I enter into this industry.

(04:36):
They have helped me so much. They are really talented
and very helpful advisors. They have amazing experience. Their advice
really is very valuable because it gives me a lot
of guidance into where I need to go, and it
also gives me a sense of direction and where I
don't have to maybe necessarily fall down as much. Even

(04:56):
though it is good to fall down and make mistakes
and failures, but I could just take on a few
positive traits that they recommend that I take on and
do a few positive things and do my due diligence
in order to grow and become a better advisor. And
so I love their advising styles, especially Greg Workman too,
and all of our advisors. It's such a unique blend
of a team, which I think that makes us special. Agreed,

(05:18):
everybody's different, but we all work as one brain and
to me personally, I think that's the best way to
do it.

Speaker 1 (05:24):
Yeah, what did you think about the meeting?

Speaker 7 (05:25):
Oh?

Speaker 5 (05:25):
I thought it was great.

Speaker 4 (05:27):
It's always great to come together with everyone, especially when
we go outside of the office after work.

Speaker 5 (05:34):
That's really nice.

Speaker 4 (05:35):
Anyway, Greg Murray actually moved on Wednesday to his new house.

Speaker 6 (05:41):
Yeah, that is a huge deal.

Speaker 4 (05:43):
You have spent a lot of time with Greg Murray
and with Charlie, with all of them.

Speaker 6 (05:48):
Yeah, it was an amazing time. I'm very happy for
Greg in this new place. He sent me some videos
actually of.

Speaker 1 (05:54):
Him doing the flooring.

Speaker 6 (05:55):
He's very excited about that house, and honestly he should be.
Getting your own home is a huge step in life.
That's pretty awesome.

Speaker 4 (06:03):
He sent me pictures of the old home empty and
he and Diane will be renting that house out to
tenants and so yeah, but it looked amazing.

Speaker 6 (06:13):
Oh yeah, good for him, good for everybody. So life
is good currently. I think we should count our blessings
and be grateful for them.

Speaker 5 (06:19):
Because, am William, we.

Speaker 6 (06:21):
Are very blessed to have such a good life. You
know what, everybody, I hope you enjoy the springtime to come.
Summer is on its way, the warm weather is coming.
We're all going to go to Cape Cod have a
great time, right and Newport Newport Beaches and then we
can eat seafood outside and go swimming in the ocean.
So New England life is back, you know. I will

(06:43):
say before we end this, before we wrap this up.
Living in the Northeast it's actually better in my opinion,
because when you live in the South and it's summer
all the time, you don't have an appreciation for it
as much as you would whenever there's a harsh winter
and a cold fall, and you don't have it. Because
everybody grateful whatever spring of summertime comes around and you
get all the seasons too.

Speaker 4 (07:04):
Yeah, I want to wish everyone a wonderful rest of
the weekend, and do keep us on your dial. Wall
Street is increasingly concerned about a potential economic slowdown, partly
due to the tariff policy coming out of Washington. Today
on safe money Strategies, might do Set and Greg Workman
will share insight into the recent volatility and take a

(07:28):
temperature check on the markets. Later, Mary, Madeline Kelly and
Greg Murray will be discussing the common misconceptions surrounding annuities.
I will return with John Boudris. We will explain safe
money strategies, including how they work, their benefits and available options.
We will also have some wit and wisdom from Bill

(07:49):
Kelly William. Thank you for chatting with me this morning.
I love you, Honey.

Speaker 1 (07:53):
I love you too, Mob, and as do I.

Speaker 3 (08:02):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
go to Kelly Financial dot Org.

Speaker 1 (08:14):
Come retire with us.

Speaker 8 (08:17):
Let me tell you about Kelly Financial Services. Retirement is
more than beach days and visiting grandkids. It's taxes, withdrawal,
social security headaches, and if you're not careful, a whole
lot of money going straight to Uncle Sam instead of
your wallet. A trusted financial advisor isn't the luxury, it's
a necessity, and the advisors at Kelly Financial will help

(08:40):
you keep more of what's yours, strategize withdrawals, and make
sure you don't get it with penalties or surprise taxes.
They also have a free investor guide. It's called Tax
Strategies for Retirement Buckets create tax choices. So to get
a copy of the guide or for a free retirement
consultation with a Kelly Advice, call eight eight eight eight

(09:01):
hundred eighteen eighty one. 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 3 (09:15):
Safe Money Strategies cool eight eight eight eight hundred eighteen
eighty one.

Speaker 9 (09:22):
Good morning, you are listening to Safe Money Strategies. My
name is Mike Ducett, Chief Operating Officer at Kelly Financial Services.
I am joined this morning by one of the trusted
financial advisors on our team, Greg Workman.

Speaker 10 (09:34):
Good morning, Greg, Good morning, Mike. Great to be here
with you and our listeners for.

Speaker 9 (09:38):
The first time since twenty twenty three, the s and
P five hundred found itself in market correction territory. The
benchmark index has rebounded a bit, but the rapid decline
caught some investors by surprise, particularly given that favorable underlying
condition US stocks carried into twenty twenty five. On today's
installment of safe money strategies will provide some insight into

(09:59):
the recent market downturn and take a temperature check on
the markets. Let's start with the why greg What drove
this year's market sell off?

Speaker 10 (10:08):
The keyword is uncertainty. Uncertainty is the driver around the
market's recent selloff. Wall Street has growing concerns about the
potential economic weakness, due in part to the impact of
tariff policy coming out of Washington YEA.

Speaker 9 (10:24):
Tariffs are taxes charged on goods imported from other countries.
If you've been watching the news, the Trump administration has
already implemented tariffs on Canada, Mexico, and China. Tarifs can
also target specific products, including stale aluminum and alcohol.

Speaker 10 (10:40):
Tariffs are a central part of the President's overall economic vision.
He says tariffs will boost US manufacturing and protect jobs,
raising tax revenue and growing the domestic economy.

Speaker 9 (10:54):
He also wants to restore America's trade balance with its
foreign partners, reducing the gap that exists between high much
the US imports from and exports to individual countries.

Speaker 10 (11:04):
But the President has refused to rule out the prospect
of a recession as a result of his trade policies,
which has the stock market on edge. Why Because Wall
Street economists and analysts don't necessarily see red or blue,
They're trying to see green. These guys just want to
price certainty into their market forecasts.

Speaker 9 (11:26):
And uncertainty is a recipe for increased stock market volatility
because Wall Street analysts cannot be sure of future outcomes.

Speaker 10 (11:34):
Now, as always, the news media is doing a very
good job of promoting doom and gloom when speaking about
the stock market. Smart investors know to tune out the
noise and static by focusing on the long term horizon.
They have a sound investment plan in place, which helps
them sleep at night.

Speaker 9 (11:53):
In addition, the stock market has had one heck of
a run, actually a historic run.

Speaker 10 (11:58):
That's right. The market has only posted back to back
twenty percent plus annual returns just ten times since World
War Two. If you were fully invested in the S
and P five hundred in twenty twenty three and twenty
twenty four. You enjoyed twenty four percent returns in twenty
three and twenty three percent returns in twenty four. That's

(12:20):
a pretty nice cushion that can absorb some volatility and
or a market correction.

Speaker 9 (12:25):
That is a good segue just how common our market
pullbacks or corrections.

Speaker 10 (12:30):
Market corrections are normal, and they're common. Stock market history
tells us that the S and P five hundred declines
five percent or more about three to four times per year,
and ten percent or more at least once a year.

Speaker 9 (12:43):
We maintain regular contact with our clients, which helps them
sleep soundly knowing that we're minding the store. They are
getting their monthly statements and know if their balance went
up or down. But we add value with the why
in our rationale for the path forward.

Speaker 10 (12:56):
And in most cases that rationale is grounded in the
client's retirement cash flow analysis. We know how you're utilizing
your nest egg over time relative to how you spend
year in and year out. Our investment recommendations are custom
tailored to your cash flow needs, appetite for risk or
lack thereof, and the rate of return needed to make

(13:20):
your nest egg go the distance.

Speaker 9 (13:22):
If we've done our job correctly, we can tell when
the phone doesn't ring, when the news reports get ugly.
Our clients know this too shall pass. They tune out
the noise because they have full faith and confidence and
the long term plan. Okay, Greg, Now that we've talked
about how uncertainty surrounding towers was the catalyst for this
year's sell off in the stock market, let's dive into

(13:42):
a bit of a market update, including what investments are
working well this year and a temperature check on the economy,
including the all important FED watch.

Speaker 10 (13:52):
US stock market indices alternated between modest daily gains and
losses and ended up slightly higher overall in the wake
of recent losses that sent the S and P five
hundred into correction territory the previous week. For the week
ending March twenty first, the S ANDP indecks finished up
about a half a percent for the week and snapped

(14:14):
a string of four weekly declines in a row. That
uptick was significant and gives investors some all important breathing room.

Speaker 9 (14:22):
How a, tech stocks holding up, including the infamous Magnificent Seven.

Speaker 10 (14:26):
The information technology sector and many of the MAGS seven
group of stocks that have led the US market in
recent years slightly lagged the broader market, extending their tough
year to date run. On a year to date basis,
the tech sector remains in negative territory in contrast with
its nearly thirty seven percent gain in twenty twenty four.

Speaker 9 (14:48):
The US Federal Reserve continued to take a weight and
see approach to the economic outlook, as it again kept
its benchmark interest rates unchanged at its most recent meeting
on March eighteenth.

Speaker 10 (14:59):
In nineteenth, Fed policymakers maintain their consistency outlook for two
rate cuts by year end, although the central Bank negatively
adjusted other expectations by reducing its economic growth rate forecast
and pushing its inflation projection higher. Something to keep an
eye on in the weeks ahead.

Speaker 9 (15:18):
And not the best news if you're making a big
purchase like buying a home or new car.

Speaker 10 (15:23):
No, it isn't, especially if you're in a less affordable
market to begin with, like our backyard here in New England.

Speaker 1 (15:30):
Let's pause here for a quick break.

Speaker 9 (15:32):
When we return, we'll continue our update on the markets
with a discussion above bonds and the guaranteed rate landscape
and we'll touch on what's working so far in this
year's market.

Speaker 3 (15:45):
Kelly Financial Services eight eight hundred eighteen eighty one.

Speaker 2 (15:51):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty one years 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

(16:13):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with us.

Speaker 5 (16:21):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (16:23):
Join us for a free master's class on April twenty
second or April twenty fourth called Annuities, The Good, the Bad,
and the Ugly, where we'll break down was good, was
not and the must knows. Annuities can provide guaranteed income
and security, but they're not for everyone.

Speaker 5 (16:40):
Seats are limited.

Speaker 4 (16:41):
To reserve yours call eight eight eight eight hundred eighteen
eighty one or email Kelly at Kellyfinancial dot org where
Kelly Financial.

Speaker 5 (16:49):
Come retire with us.

Speaker 3 (16:52):
The money Wrap with Kelly Financial. Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 11 (16:58):
Good morning. This is Gregg Murray, senior vice president and
chief compliance officer at Kelly Financial Services. Join me today
is Mary Madeline Kelly, one of her investment advisors. How
are you doing today.

Speaker 12 (17:09):
Good morning to you too. I am great. So today
I thought it would be a good time to talk
about annuities and common misconceptions around them.

Speaker 11 (17:17):
Annuities can be a fantastic financial tool, but they are
not for everyone. Many people choose to steer clear of
them for many different reasons, but some of those reasons
are misinformation. One of the biggest reasons that deters people
from annuities is that they are too complicated.

Speaker 6 (17:30):
Ah.

Speaker 12 (17:31):
Yes, that's a big one. While annuities can have many
moving parts, they're not as complex as they seem. At
their core, an annuity is a contract between you and
an insurance company where you make a lump sum payment
or series of payments in exchange for regular disbursements, either
immediately or in the future.

Speaker 11 (17:47):
I sometimes compare it as a way to create your
own pension. There are different types of annuities fixed variable
in index, but the basic premise is the same and
like any financial product. They come with options and features
that can be tailored to your needs.

Speaker 12 (17:59):
Another myth I have heard is that they have high
fees and are overpriced. My response would be that while
it's true that some annuities can have higher fees, particularly
variable annuities, the fixed annuities, for example, typically have lower fees,
and the benefits they provide, such as guaranteed income for
life and the ability to grow tax deferred, can often outweigh.

Speaker 11 (18:19):
The cost exactly, which is why it's crucial to compare
different products and understand what you're getting for those fees.
A financial advisor can to help you navigate this and
find one that fits your retirement goals, which brings me
to another myth annuities are only for retirees.

Speaker 12 (18:32):
That's another good one. While annuities are a great tool
for retirees looking to ensure a steady income stream, they
can also be beneficial for those still in the workforce.
Younger investors can use deferred annuities to grow their savings
tax deferred until they need the income. Bottom line, you
don't have to wait until retirement h to consider whether
an annuity can help you achieve your financial goals.

Speaker 11 (18:54):
By starting early you can take advantage of compound interests
and potentially accumulate a larger retirement.

Speaker 1 (19:00):
Plus.

Speaker 11 (19:01):
Some annuities off of features like long term care riders
that can be useful at any age.

Speaker 12 (19:05):
Good point. Another worry is that once you buy an annuity,
you can't access your money. This one is partially true,
but overstated. It is correct to say that they have
surrender charges if you withdraw funds early. Many annuities offer
withdrawal options. Typically, you can withdraw up to ten percent
of the contract value each year without penalty.

Speaker 11 (19:23):
That's what's known as a free withdrawal. Another commonly used
statement about annuities is that they don't provide a good
rate of return on your investment, and it's smart to
just invest in the market. This one really comes down
to what a person's objectives are for their investments. Fixed
annuities are a great way to hedge against market risk.
With them, you receive a specific rate of return for
a specific amount of time, so your returns will not fluctuate,

(19:45):
which is helpful during a down market. Indexed annuities offer
returns based on the performance of the market index, which
can provide higher returns without the risk of directly investing
in the market. But of course with any upside there's
a downside, which is that the insurance company places a
cap on how much return can be gained.

Speaker 12 (20:01):
The last misconception I would like to touch on before
we wrap up is that annuities are not safe investments
and are only sold by pushy salespeople. Annuities are actually
quite safe. They are issued by insurance companies which are
heavily regulated and must maintain reserves to meet their obligations. Also,
you can look at the financial strength ratings of the
insurance companies issuing the annuity and Greg, I'll let you

(20:24):
respond to the pushy salespeople comment gladly.

Speaker 11 (20:27):
Unfortunately, annuities have a bad reputation because of some people
who have had poor experiences. It's important to work with
a reputable financial advisor who has your best interests to heart.
They should educate you on the options and help you
find the right fit, rather than pushing it one size
fits all type of product exactly.

Speaker 12 (20:43):
Trust is the most important part of the relationship between
client and advisor. Annuities can be a valuable part of
a retirement plan when chosen and managed correctly, always to
your due diligence, ask questions, and don't be afraid to
seek a second opinion.

Speaker 11 (20:56):
You are exactly right. Above anything. We want to make
sure that our client and feel comfortable with their financial decisions.

Speaker 12 (21:02):
Well, Greg, I think that you do it. Thanks for
chatting with me today about the misconceptions of annuities. I
hope you enjoy the rest of your weekend, you.

Speaker 1 (21:09):
Too, Mary Madeline.

Speaker 3 (21:10):
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 (21:22):
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.

Speaker 5 (21:32):
We've been serving clients.

Speaker 4 (21:33):
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 Kelly at Kellyfinancial dot org
to set up a free retirement consultation.

Speaker 5 (21:48):
We're Kelly Financial. Come retire with us.

Speaker 2 (21:56):
And that was one small step for Nil Armstrong, but
when it comes to your financial future, it's a giant leap.
Achieving your desired retirement isn't a leap. It requires good planning,
one step at a time. Let Kelly Financial help you
take those crucial first steps today. To get started, call
eight eight eight eight hundred eighteen eighty one or visit

(22:17):
Kellyfinancial dot org. We're Kelly Financial. Come retire with.

Speaker 3 (22:21):
Us Save Money Strategies with John Budris and Kelly Kelly.
Call the team on eight eight eight hundred eighteen eighty one.

Speaker 2 (22:34):
And we are back. I'm John Budris, the co host
of Save Money Strategies, and thanks for joining me this morning.
It goes without saying that retirement should be about enjoying
the life you've worked so hard to build. What it
shouldn't be is laying awake at night worrying about whether
the next market downturn is going to wipe out your savings.

(22:55):
You've spent decades earning, saving, planning for this stage your life,
and now with the markets that feel unpredictable and the
world feeling unpredictable, the last thing you want to see
is your nest egg hit and hit hard. That's why
today we're talking about safe money strategies, and I mean

(23:15):
that both in the literal sense or I should say
lower case safe money strategies and in the upper case
the name of this show. These are ways to protect
what you've built while still keeping your retirement plan strong
and secure. So let's just be honest. Financial peace of
mind isn't just about the numbers on a page. It's
about knowing that, no matter what happens in the economy,

(23:38):
your future is secure, your income is steady, and your
lifestyle is protected. With me today is Kelly Kelly, the
CEO of Kelly Financial and she and the advisors at
Kelly Financial Services help retirees do just that to understand
how to safeguard that nest egg while still achieving that

(23:59):
financial peace of mind. Kelly, good morning and is always welcome.

Speaker 4 (24:03):
Good morning, John, happy to be here with you on
this Saturday morning.

Speaker 2 (24:08):
Kelly, Today we're diving into one of the biggest concerns
for retirees, and that's how to keep your money safe
while still making it work for you. Could you help
break this down for our listeners?

Speaker 5 (24:19):
I sure can, John.

Speaker 2 (24:20):
You and I both know that retirees can't afford to
gamble with their savings, but at the same time they
need their money to last twenty thirty and god willing,
maybe forty years. That's where safe money strategies come in again,
lower case and uppercase. So would you elaborate what exactly
are safe money strategies.

Speaker 4 (24:43):
Safe money strategies are about preserving principle, providing steady income
and avoiding unnecessary risk while still growing wealth. The idea
is simple. Rather than exposing an entire portfolio to the
ups and downs of the stock market, putting a portion
of retirement savings into low risk, predictable financial vehicles offers

(25:08):
security and stability.

Speaker 2 (25:10):
And what exactly are those low risk financial vehicles?

Speaker 4 (25:15):
Well, John, These can include fixed index annuities, high quality bonds,
certain types of life insurance, and FDIC insured savings accounts.
The goal is to create a strategy that insurres retirees
never outlive their money, no matter what happens in the
markets or the economy.

Speaker 2 (25:36):
So it's all about balance, ensuring some level of growth
while still protecting what you've got.

Speaker 4 (25:42):
Exactly, too many retirees are one hundred percent at risk
in the stock market, and they don't realize it until
a downturn wipes out a huge chunk of their savings.
Save money strategies prevent that kind of devastation.

Speaker 2 (25:57):
Okay, let's now talk about mechanics. If I'm a retiree
sitting at home listening to this this morning, and I'm
worried about my savings taking a hit, how do safe
money strategies actually work in my retirement plan?

Speaker 4 (26:11):
There are a number of ways our Kelly Advisors help
a retiree implement safe money strategies. Since every retiree has
a different tolerance for risk and a different financial situation,
we want to assess their risk tolerance. By looking at
how much of a portfolio is exposed to volatility, we

(26:32):
can help determine what position should be protected. Many retirees
worry about outliving their money. Safe money strategies help create predictable, guaranteed,
reliable income streams. This guaranteed income can cover essentials like housing, healthcare,
and daily expenses without worrying about the market. Not all

(26:56):
of their money has to be ultra conservative, but is
about smart diversification, so leaving room for growth over time
while protecting a core portion is key. Lastly, a lot
of people don't realize that smart tax planning is part
of keeping their money safe. We help minimize unnecessary taxation,

(27:18):
so retirees keep more of their hard earned money.

Speaker 2 (27:21):
You hit on something important, predictable income. I've heard it
said that it's not what you make, it's what you keep.
So if the stock market decides to go south, a
retiree with safe money strategies isn't losing sleep or money.
Is that right?

Speaker 5 (27:37):
That's exactly right.

Speaker 4 (27:38):
The market can crash, interest rates can change, and Washington
can play games with the economy, but their safe money
remains safe. That's financial peace of mind.

Speaker 2 (27:49):
So we've talked about how safe money strategies protect retirees
from risk and create predictable income. But I know that
some of our listeners might be wondering what are the
pros and cons of these options? Because let's be honest,
there's no perfect financial product, right.

Speaker 4 (28:06):
Every financial tool has advantages and trade offs. What matters
most is how well it fits into a retiree's personal
situation and goals.

Speaker 2 (28:16):
Would you share some of the most common safe money
options and break down their pros and cons for our listeners.

Speaker 4 (28:23):
When it comes to fixed index annuities, the pros include
principal protection, growth potential, guaranteed lifetime income, and tax deferred growth.
The cons include limited liquidity, caps on gains, and some
complexity if they aren't properly explained. There are high quality

(28:45):
bonds that are a lower risk than stocks and offer
predictable income as well as diversification. However, there are cons
with bonds too, such as interest rate inflation and default risk.
Or are those with access to FDIC insured CDs and
money market accounts, there is zero market risk and predictable returns. However,

(29:10):
those returns will be lower, they are not ideal for
wealth accumulation and can have penalties if they are withdrawn
too early. Lastly, whole life or indexed universal life insurance
offers a tax free death benefit, can accumulate tax avert
cash value, and in many states that cash value is

(29:32):
protected from lawsuits. However, the premiums are higher than term
life insurance and cash value growth is typically slow.

Speaker 2 (29:42):
So every safe money strategies has trade offs, but the
common theme here is protection, predictability and peace of mind.
How do retirees know which combinations of these are right
for them.

Speaker 4 (29:56):
That's why working with a fiduciary advisor is critical. There's
no one size fits all solution. At Kelly Financial, our
advisors are fiduciaries who create plans that blend safe money
strategies with growth investments based on a retiree's risk tolerance,
income needs, and lifestyle goals.

Speaker 2 (30:18):
Well, that makes a lot of sense, Kelly. If our
listeners want to learn more how to implement these safe
money strategies in their own retirement plans, what should they
do first?

Speaker 4 (30:28):
They should contact us. Our Kelley Advisors are happy to
provide a complementary safe money strategy session where we'll review
their current financial situation and recommend strategies to protect and
grow their wealth. We talked about various financial vehicles, but
if they are interested in learning more about annuities, we

(30:51):
also have an upcoming master's class on Tuesday, April twenty
second and Thursday, April twenty fourth, called a Newuities, The Good,
the Bad, and the Ugly. They'll get the chance to
discover facts about annuities they never knew and get answers
to their questions. They should call ahead for more details

(31:11):
or to make a reservation.

Speaker 2 (31:13):
That's what it's all about, financial peace of mind. To
reserve a seat at the master's class 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. When we come back, we'll talk about

(31:34):
the benefits of safe money strategies and whether safe money
is for you, specifically annuities, and we will be back
in a New York minute.

Speaker 3 (31:47):
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 (31:58):
I'm Kelly Kelly from Kelley Financial.

Speaker 4 (32:00):
Join us for a free master's class on April twenty
second or April twenty fourth called Annuities The Good, the Bad,
and the Ugly, where we'll break down what was good,
was not and the must knows. Annuities can provide guaranteed
income and security, but they're not for everyone. Seats are
limited to reserve yours. Call eight eight eight eight hundred

(32:21):
eighteen eighty one or email Kelly at Kelly Financial dot org.

Speaker 5 (32:25):
Where Kelly Financial. Come retire with.

Speaker 3 (32:27):
Us Safe money Strategies.

Speaker 5 (32:31):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (32:33):
If you're considering fixed index annuities, we have a free
investor guide that might help you make a more informed
decision is called the ABC's of Fixed Index Annuities and
outlines their benefits and limitations. For the guide, or for
a free consultation with one of our advisors, call eight
eight eight eight hundred eighteen eighty one or email Kelly

(32:55):
at Kelly Financial dot org where Kelly Financial.

Speaker 5 (32:58):
Come retire with us.

Speaker 3 (33:01):
Safe Money Strategies eight eight eight hundred one eight eight one.
Come retire with us.

Speaker 2 (33:11):
And we are back. I'm John Budris, the co host
of Safe Money Strategies, and thanks for joining me this morning.
In today's financial climate, security, stability, and peace of mind
are getting harder and harder to come by. The markets
may be up, some days they're down, and who knows
what's next. The last thing you want in retirement is

(33:33):
to see your hard earn money vanish because of forces
that are beyond your control. And let's admit it, most
of these forces out there are way beyond our control.
But there is good news. Safe money strategies are smart
ways to protect your wealth while making sure that you
have the income you need to enjoy your retirement, not

(33:54):
worry it away. There are many options when it comes
to keeping your money safe. But dear listeners, how do
you know which one is for you? As I say,
it shouldn't be a crapshoot and you don't need to
do it alone. A fiduciary financial advisor can help you
decide if safe money strategies such as life insurance or
annuities are the right fit for your retirement plan. Not

(34:18):
every product is right for every person, and a trusted
advisor will make sure your best interest always come first.
Let's bring back Kelly Kelly, the CEO of Kelly Financial,
and she'll be talking with us about the benefits of
these options and how to know if safe money strategies
and smart money strategies are for you. Kelly, good morning

(34:40):
and welcome back.

Speaker 4 (34:41):
Good morning, John, Happy to be back with you on
this Saturday morning.

Speaker 2 (34:45):
For our listeners just tuning in, can you remind us
what are safe money strategies and what are their most
important features.

Speaker 4 (34:54):
Safe money accounts are low risk financial vehicles designed to
rezer principle, provide steady growth, and in some cases, generate
guaranteed income. Some of the most common features of safe
money vehicles are principal protections, predictable returns, liquidity, tax advantages,

(35:16):
and guaranteed income options.

Speaker 2 (35:19):
What are the biggest benefits retirees see when they implement
these safe money strategies.

Speaker 4 (35:25):
There are quite a few john with safe money strategies.
Their savings are protected from market downturns, whether through annuities
or structured withdrawals, there will be a reliable, predictable cash
flow to cover expenses. When structured correctly, these strategies can
help reduce tax liabilities and increase after tax income when

(35:49):
it comes to legacy protection. Many safe money tools, like
certain types of life insurance or annuities, can also help
retirees pass on wealth to their loved ones.

Speaker 2 (36:00):
Efficiently, security, guaranteed income, and tax efficiency. This is what
retirement should look like. So why don't more retirees implement
these safe money strategies.

Speaker 4 (36:13):
It could be because some financial advisors don't focus on protection.
They may think they should always be in the market,
always chasing returns, but that's not always what a retiree needs.
With a fiduciary advisor, someone who puts their best interest first,
they will find the help to create a financial plan

(36:33):
that works for them.

Speaker 2 (36:34):
So the big question is is safe money right for you?
For some retirees, it's a perfect fit. For others, they
might need a different approach. How do Kelly Financial Advisors
help retirees determine which safe money strategy is right for them?

Speaker 4 (36:52):
Well, John, it really comes down to a few key
factors we mentioned earlier, risk tolerance, income needs, and long
term financial goals.

Speaker 2 (37:01):
Okay, let's look at both sides of the coin first.
When is safe money the right fit for someone?

Speaker 4 (37:08):
Safe money might be right when someone can't afford to
lose principle and doesn't want to risk losing any part
of their nest egg in the stock market. Many retirees
prefer a steady, guaranteed paycheck they can count on each month,
so safe money options like fixed index annuities or bonds
can help with that. As we mentioned earlier, safe money

(37:31):
strategies like life insurance or low risk investments can help
protect wealth for their spouse, children, or charities they care about.

Speaker 2 (37:40):
Now, when might safe money strategies not be a good fit.

Speaker 4 (37:44):
Safe money might not be right when someone has a
high risk tolerance and is comfortable writing out market ups
and downs. If our listeners are in their early sixties
and won't need to tap into their savings for ten years,
they may be able to afford more growth based investments.
Since safe money strategies prioritize protection over growth, they won't

(38:07):
match the potential upside of a well balanced stock portfolio
over the long term.

Speaker 2 (38:13):
Now that we've looked at when safe money strategies may
or may not be a good fit, let's talk about
for whom these strategies will most benefit.

Speaker 4 (38:24):
Safe money is beneficial for most retirees. For conservative investors
who may be risk averse, safe money provides peace of mind.
For retirees relying on savings for income, safe money helps
ensure they won't outlive their money. For those nearing retirement,
protecting what they've built is just as important as growing it.

(38:47):
And for those looking to leave a financial legacy. Safe
money options like life insurance or annuities allow retirees to
pass wealth to their loved ones securely.

Speaker 2 (38:58):
You've mentioned a number of options today, Kelly, but annuities
keep coming up. What do folks need to know when
considering this vehicle?

Speaker 4 (39:07):
In particular, when people want to create income for retirement,
many explore annuities. There are different types of annuities, and
these safe money options are attractive because of the principal
protection they provide. However, there are several costs and limitations
to consider first before purchasing an annuity.

Speaker 2 (39:29):
So where can our dear listeners learn more about annuities?

Speaker 4 (39:33):
At Kelly Financial, our advisors are here to help and
can provide guidance regarding a retiree's overall financial strategy and
the role annuities can play. We have a free investor
guide titled the ABC's of Protected Retirement Income. A Guide
to Understanding the Advantages and Costs of fias, which explains

(39:56):
what annuities are specifically fixed in annuities or fias and
how they work so retirees can decide if they are
the right income tool. Lastly, we are hosting an upcoming
masters class on Tuesday, April twenty second and Thursday April
twenty fourth, called Annuities The Good, the Bad and the Ugly,

(40:21):
where we'll share more detailed information and answer questions. However,
space is limited, so our listeners should call now to
reserve their seats.

Speaker 2 (40:31):
To reserve a seat at the Master's class and get
the guide and make a complimentary appointment with the Kelly
Financial Advisor. A fiduciary advisor I might add Call eight
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. Stay tuned and we will be
back in just a moment.

Speaker 3 (40:54):
Safe Money Strategies with John Budris and Kelly Kelly. Called
Kelly Financial on eight eight eight hundred eighteen eighty one
or go to Kelly Financial dot org. Come retire with us.

Speaker 2 (41:09):
You wake up, you go to work, you have lunch,
you go home, you take the dog for a walk,
then you go to bed. Your day and night routines
you do them without thinking. But do you ever think
about your retirement. The team at Kelly Financial has helped
clients plan for their retirement for twenty one years, and
that team knows retirement is no routine matter. Call eight

(41:31):
eight eight eight hundred eighteen eighty one. Go to Kelly
Financial dot org. We are Kelly Financial. Come retire with.

Speaker 3 (41:38):
Us Safe Money Strategies. Call aight a eight eight hundred
eighteen eighty one or go to Kelly Financial dot org.

Speaker 1 (41:48):
We're back.

Speaker 9 (41:48):
You are listening to Safe Money Strategies. My name is
Mike Ducett, chief operating officer at Kelly Financial Services. Joining
me this week is one of the trusted financial advisors
on our team. Workmen, let's return to our update on
the markets with a discussion about bonds and the guaranteed
rate landscape. Stay tuned because before we go, we'll touch

(42:09):
on some areas of the market that are producing positive
returns for investors here to date. But first off, what
role do bonds play in a well diversified portfolio.

Speaker 10 (42:18):
When the storm clouds roll in? Owning bond investments is
an important part of portfolio diversification because these assets may
offer stability and can reduce volatility. When we say volatility,
we mean how quickly the stock market moves up or down.
It's a key factor for investors to consider when evaluating

(42:39):
how much risk to add to their portfolio.

Speaker 1 (42:42):
I've heard you say that bonds smooth the ride.

Speaker 10 (42:45):
That's right. In general, bonds offer investors reliable returns and
are better suited for risk averse investors that don't want
to see their monthly statement balance fluctuate with the ebbs
and flows of the major indices like the S and
P five.

Speaker 9 (43:00):
And just like you diversify your stark investments by holding
different companies large caps, value or growth stocks, the same
goes for bonds. We preach having a diversified mix of
bonds to help reduce overall investment risk by spreading investments
across different types of bonds and maturities, potentially mitigating losses
if one type performs poorly. This time tested strategy stabilizes

(43:22):
your returns over time. So what is the outlook for
bonds this year and where is the market now?

Speaker 10 (43:28):
Adding bonds to your investment mix today can be a
strategic choice for investors looking to navigate the uncertainty of
FED rate changes and the volatility in the market due
to things like tariff policies coming out of Washington.

Speaker 9 (43:42):
Investors are once again compensated for assuming some interest rate risk.
Fixed income markets passed a milestone on October twenty third,
twenty twenty four, when the Bloomberg US Aggregate Bond index
once again began to out yield the three month Treasury
build for the first time since January twenty twenty three.
Investors were compensated for stepping out of cash and taking

(44:06):
credit and duration risk.

Speaker 10 (44:07):
A concern often raised by investors who held bonds through
the rates sell off of twenty twenty two is the
risk of adverse performance if rates were to increase.

Speaker 1 (44:18):
Again, that is a legitimate concern.

Speaker 9 (44:20):
In twenty twenty two was the worst bond market in
ninety eight years. The aggregate bond index was down about
thirteen percent. How do you address this concern?

Speaker 1 (44:29):
Greg?

Speaker 10 (44:30):
The critical difference between a rates sell off now and
the rates sell off that began in twenty twenty two
is that an investor today receives much more income because
of the higher starting yield. Higher yields provide a cushion
to adverse moves in the event of higher interest rates
and compound on top of price appreciation in a more

(44:52):
advantageous scenario such as falling interest rates.

Speaker 9 (44:56):
Yeah, good to know that today's bond investors can have
a higher degree of confidence. It's knowing where the market
is trading.

Speaker 10 (45:01):
In the future. Outlook for the direction of interest rates.
Core inflation is expected to fall gradually by year end
twenty twenty five, which supports that advantageous scenario of price
appreciation that kicks in when interest rates go down.

Speaker 9 (45:16):
Good point Wall Street is placing a higher probability of
that scenario. We mentioned a moment ago that the Fed
held rates steady at its March nineteenth meeting, which means
if you're looking for something guaranteed. The good news is
there are still opportunities.

Speaker 1 (45:30):
Greg.

Speaker 9 (45:30):
If I'm an investor that isn't comfortable risking money in
today's stock market, what can I expect from a sure thing?

Speaker 10 (45:36):
One in two year CDs are still hovering above four percent,
and we've seen that range between four point two and
four point three and fixed annuities which operate like CDs,
but instead of a bank with FDIC insurance, the investor
is relying on the financial strength of an individual insurance company.
We're seeing two year rates in the four point four

(45:58):
to four point five I have seven range, and three
year rates from four to three quarters to five point
three percent.

Speaker 9 (46:05):
Anything good for someone looking to commit beyond the three
year market.

Speaker 10 (46:09):
Yes, four year fixed annuity rates are still above the
five percent mark at five to five point three, and
five year rates are as high as five point.

Speaker 9 (46:18):
Five, which means if I put in one hundred thousand
dollars in a five year fixed annuity at five and
a half percent, I'd receive over thirty thousand in guaranteed interests.

Speaker 1 (46:28):
Not bad for zero risk.

Speaker 9 (46:29):
Okay, let's touch on some exciting areas that I know
our listeners are keen to hear about what do you
see working in today's market.

Speaker 10 (46:36):
While uncertainty may weigh on growth and stocks in the
near term, the long term outlook for US equities is bright.
There is real cause for excitement here. Big impact trends
are playing out all around US as we speak, like
the buildout of artificial intelligence across multiple sectors, which we'll
drive earnings across the stock market, not just the tech sector.

(47:01):
We also believe there is plenty of room for the
market to broaden. There are opportunities outside of the big
tech names we know where valuations still remain very attractive.

Speaker 9 (47:11):
International has been a bright spot for this year's market.
Care to comment on that.

Speaker 10 (47:15):
The European stock market has posted a sizeable year to
date outperformance versus the S and P five hundred index.
As of the week ended March twenty first, European markets
lifted its year to date return to about fourteen percent
versus the S and P five hundreds negative three percent.

Speaker 9 (47:33):
To cline, many believe they have the potential to outperform
US stocks, offering compelling opportunities for investors seeking diversification and
potentially higher returns. What else is working for investors this.

Speaker 10 (47:44):
Year one word gold. Gold continues its monstrous run. Gold
hit a record two thousand, two sixty five per Rounce
level in early April of twenty twenty four and has
not looked back.

Speaker 9 (47:58):
But despite the momentum you cast in perspective gold investors.

Speaker 10 (48:01):
There's an old adage by low sell high on Wall Street,
what goes up must come down. In other words, gold
may continue its run, and I hope it does, but
proceed with caution and limit your exposure. Trade small to
participate in some upside, but not large enough to compromise
your overall financial position.

Speaker 1 (48:21):
That is sound adviceable.

Speaker 9 (48:22):
I'll add that when most investors think gold, they think
of stability, security, and a smooth ride. But the truth
is gold can fluctuate like anything else. Look no further
than twenty twenty two, when gold went down over eleven percent,
and again from twenty thirteen through twenty fifteen, when gold
declined three years in a row, starting with a big

(48:43):
twenty eight percent dip in twenty thirteen.

Speaker 10 (48:46):
Gold, just like any other asset class, from large cap
growth stocks to ten year treasury bonds, goes up and down,
and the best thing investors can do is employ the
tried and true approach of diversification, having your eggs and
momultiple baskets to control risk and maintain steady average annual
returns over the long haul.

Speaker 9 (49:06):
At Kelly Financial we understand that navigating the world of
investments can be challenging. Regular portfolio reviews are essential for
ensuring that your financial strategy is tailored to your unique
goals and needs. Life goals can change, and your investment
strategy should reflect that.

Speaker 10 (49:23):
Our team is always here to lend a hand. If
you would like us to take a look at your
financial strategy, including your investment mix, call us today for
your complementary consultation at eight eight eight eight hundred eighteen
eighty one, or visit us on the internet at Kellyfinancial
dot org. Once again, that number is triple eight eight

(49:43):
hundred eighteen eighty one. With that, I'm Greg Workman and I.

Speaker 9 (49:47):
Mike you said join us next week for more safe
money strategies.

Speaker 3 (49:54):
Kelly Financial Services go to Kellyfinancial dot org.

Speaker 8 (50:00):
Let me tell you about Kelly Financial Services. Retirement is
more than beach days and visiting grandkids. It's taxes, withdrawal,
social security headaches, and if you're not careful. A whole
lot of money going straight to Uncle Sam instead of
your wallet. A trusted financial advisor isn't the luxury, it's
a necessity, and the advisors at Kelly Financial will help

(50:23):
you keep more of what's yours, strategize withdrawals, and make
sure you don't get it with penalties or surprise taxes.
They also have a free investor guide. It's called Tax
Strategies for Retirement. Buckets create tax choices. So to get
a copy of the guide or for a free retirement
consultation with a Kelly advisor, call eight eight eight eight

(50:44):
hundred eighteen eighty one 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 4 (50:58):
I'm Kelly Kelly from Kelly Finani. Join us for a
free master's class on April twenty second or April twenty fourth.
Called Annuities, The Good, the Bad, and the ugly, where
will break down. Was good, was not and the musk knows.
Annuities can provide guaranteed income and security, but they're not
for everyone. Seats are limited. To reserve yours, call eight

(51:19):
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org.

Speaker 5 (51:24):
We're Kelly Financial. Come retire with.

Speaker 3 (51:27):
Us Safe money Strategies eight eight eight hundred one eight
eight one.

Speaker 7 (51:35):
Good morning, ladies and gentlemen, This is Bill Kelly. People
naturally move toward things that are pleasurable for them or
that makes sense. How do you know when someone's good
at something, Ladies and gentlemen, that's the decision you have
to make if you want to see them or watch
them do it. You get to listen to the show
each week. Some of you could be cleaning your yard,

(51:57):
you could be in your work, areat at your work.
Then you could be at your place of employment looking
out the windshield, driving down the road, sitting there thinking
what a great morning it is. You could be listening
from any number of places. Maybe the alarm clock just
went off. Some of you like to read to find
out who you can trust, who that right person is

(52:20):
for you. That's why we provide you with the books,
the different retirement pamphlets, the social Security books. Some of
you like to hear from others that someone's good. That's
called a referral. We get so many people referred into
us or actually, some people listen for the first time,
they call the show, then they're in. Some people have

(52:43):
been listening for several years and they say, jeez, I
meant to call you. Now I'm doing it. So some
of you like to actually sit down and kick the tires,
and some of you think immediately you connect. Some people
that listen a number of times, some people listen over
a period of time. But consistency, I think is best.

(53:08):
So what's most important to you is what we need
to focus upon. And that's always true and always will
be with me or any member of the team here
at Kelly Financial. For the most part, we leave things
alone that are correct. Sometimes people think, why isn't Kelly
trying to get all of our assets over here? If

(53:30):
something's going well for you, we want you to keep it.
It's an unusual thing, isn't it. Ladies and gentlemen had
a person come in with some savingsponds they've had for
over fifteen years, and they said, what should we do
with these? Mister Kelly, I said, keep them. I said,
the only thing I recommend is that you put them online.
Now you can go to Treasury Direct and register all

(53:52):
your savingsponds. When you go to heaven, they'll go to
your beneficiaries. Now they don't have to run around and
try to find these bonds somewhere. And also you'll be
able to track your interest rates, how much you're earning,
what it's worth every quarter or every month, whenever you
want to do it. The similarities in our client tell

(54:13):
are pretty profound. Most of them are family oriented. You are,
I know you are, and in being so, you have
created a lifestyle and in that lifestyle you have raised children,
or you have brothers and sisters or nieces and nephews,
people whom you love and you want to continue to
do that. So most of my clients, I would say

(54:37):
the best qualities of my clients are that they love family,
they have accumulated wealth. You don't have to be the
two million dollar person to sit with me. You can
reach the Kelly Financial Team at eight eight eight eight
hundred one eight eight one. Go ahead, don't be shy.
If you need a hand, you let us know you

(54:58):
come right in. We have offices in Braintree and Burlington
and our number is eight eight eight eight hundred eighteen
eighty one. We'll be right back after these short messages.

Speaker 3 (55:14):
We're called Kelly Financial Services at eight eight hundred eighteen
eighty one.

Speaker 5 (55:20):
I'm Kelly Kelly from Kelly Financial.

Speaker 4 (55:22):
If you're considering fixed index annuities, we have a free
investor guide that might help you make a more informed decision.
Is called the ABC's of Fixed Index Annuities and outlines
their benefits and limitations. For the guide or for a
free consultation with one of our advisors, call eight eight
eight eight hundred, eighteen eighty one or email Kelly at

(55:44):
Kellyfinancial dot org.

Speaker 5 (55:46):
We're Kelly Financial. Come retire with.

Speaker 3 (55:49):
US Senior safe money Strategies with John Budris and Kelly
Kelly eight eight eight hundred one eight eight one.

Speaker 2 (55:59):
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 health care,
or if you're tossing around the idea of relocating or

(56:20):
maybe helping out with your grandchildren's college. You 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 is expressed by the host, his guests or employees
of Kelly Financial Services are solely their own and do

(57:04):
not reflect the opinions of Kelly Financial Services. Information has
been obtained from sources deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided as
general in nature and is not intended to be specific investment,
tax or legal advice.

Speaker 10 (57:14):
It is always advisable to consult a professional before making
a financial decision.

Speaker 2 (57:18):
The host is a client of Kelly Financial Services in
exchange for hosting the Safe Money Strategies show and providing
testimonials of his personal experience as a client of Kelly
Financial Services.

Speaker 1 (57:25):
Kelly has waif the host's advisory fee in full.

Speaker 2 (57:27):
Because of this arrangement, where the host receives compensation in
the form of a fee waiver, the host has an
incentive to recommend Kelly Financial Services, resulting in a material
conflict of interest,