Kelly Financial: Saturday, March 9, 2025

Episode Transcript

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

Speaker 2 (00:20):
Good morning, Dear Boston. I'm John Boudris and Kelly Financials
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six point eight on the AM dial
and online from just about anywhere as you can hear,
ladies and gentlemen. I have a big bullfrog in my throat.
It's not the green jumping kind, technically speaking, it's influenza

(00:44):
A and it is no fun. I got hit by
that freight train a couple days ago, and I would
caution all of you don't get on that train and
do whatever you can to stay healthy. Later in the show,
we will of course be speaking with the Kelly Financial Advisors,
and I'm going to have a special conversation with Kelly
Kelly about a new movement in retirement planning fire the

(01:09):
acronym financial Independence retire Early, and it's really a new
kind of breaking wave in retirement planning. And I would
stay on board and listen to it because it has
some very important strategies that we can all use to
get across the retirement finish line a lot faster than
we think. So stay tuned and we will be back

(01:32):
in just a.

Speaker 3 (01:32):
Flash and safe money Strategies with John Budris and Kelly
Kelly called Kelly Financial on eight eight eight hundred eighteen
eighty one. We'll go to Kellyfinancial dot org.

Speaker 4 (01:50):
I'm Kelly Kelly from Kelly Financial.

Speaker 5 (01:52):
Retiring early sounds amazing, doesn't it, But without the right plan,
it could turn into a financial nightmare. Us why having
a trusted financial advisor is key to making early retirement
a reality. At Kelly Financial, our advisors can help maximize
your savings with tax efficient strategies, create reliable income streams,

(02:15):
and help you plan for healthcare costs to ensure a
stress free retirement. We also have a free investor guide
that might help. Is called the ABCS of Protected Retirement
Income and details the advantages and cost of fixed index annuities,
a vehicle often used in early retirement planning. For the guide,

(02:36):
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 where Kelly Financial.

Speaker 4 (02:47):
Come retire with.

Speaker 3 (02:48):
US Safe Money Strategies called eight eight eight eight hundred
eighteen eighty one, or visit Kellyfinancial dot org.

Speaker 6 (03:00):
Tie with us.

Speaker 5 (03:04):
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.

Speaker 6 (03:14):
Good morning William, Good morning Mom. How are you?

Speaker 4 (03:17):
I'm doing great? How about yourself?

Speaker 7 (03:19):
I'm great. It's been a busy week for me. I've
been working a lot on various projects. I've been focusing
on coaching ever since i've been back, and we just
had States. States went phenomenally. The kids performed as best
as they could. The competition was very high. They didn't
let any of that scare them. One kid was the

(03:40):
youngest person in his weight class. He was in the
second grade. He went up against all fourth graders. Wow,
they were basically all fourth graders, and he placed fifth
out of eleventh And since that the age gap was
too large, as parents decide, had taken to another tournament,
like a big Massachusetts tournament and he got first place.
So he was able to place at States, and then

(04:02):
he was also able to get a first place trophy
had a different tournament.

Speaker 4 (04:05):
Good And let me ask you this.

Speaker 5 (04:06):
In the other tournament, was he wrestling in his own
weight class?

Speaker 4 (04:11):
Kids his age.

Speaker 6 (04:12):
Yeah.

Speaker 5 (04:13):
Absolutely, even if he wrestled against fourth graders, they must
have been in the same weight class. They would What
is the youngest age you coach and the oldest?

Speaker 6 (04:22):
So I think we have a three year old on
the team.

Speaker 1 (04:25):
You do not.

Speaker 6 (04:26):
We have a stop it. He broke his leg a
kid fell on him.

Speaker 7 (04:30):
He is one of two brothers that go there, and
their grandfather is a coach, and so this is just
like another one in the lineup.

Speaker 6 (04:37):
A little Noah. He's the funniest kid. He is like
a bull. He is tough.

Speaker 7 (04:42):
His grandfather jokes that he's the tougher of the two brothers.
But his other brother we call him Giggles because he
always has a smile on his face and just laughing
all the time. His real name is Ryan, and little Ryan.
He got first place at States in the Mighty Mites,
which is four to five years old. So we have
a four year old on the team, a lot of five.
I've rolled six year olds, but then it goes all
the way up to about fifteen years old.

Speaker 4 (05:04):
How many are girls?

Speaker 6 (05:05):
Four or five girls in the team.

Speaker 7 (05:06):
Wow, most of the kids there are between the ages
of seven to eleven. The difference in competition is not
as drastic as it would be whenever you make it
to high school, whenever you know your body is totally different,
you've changed, you've grown, you're closer to being young men
and young women. That separates it. You would be shocked
how good girls are at wrestling. They can kick some butt.

Speaker 5 (05:27):
I saw it with your high school wrestling. That was
my first exposure to girls wrestling. I didn't even know
it existed until you know you started wrestling.

Speaker 4 (05:37):
Oh yeah, and I was blown away.

Speaker 7 (05:39):
When we were kids, we're always taught respect women.

Speaker 6 (05:42):
You never hit a woman.

Speaker 7 (05:43):
You're gentle with women, and so whenever you get in
the wrestling matt, you think, oh, this will be easy,
go easy. I should be nice, and then bam, they'll
get you. Obviously, at my weight class, I was one
hundred ninety pounds, so I didn't experience that.

Speaker 6 (05:56):
In the lighter weight classes it's more relevant. So the
lighter you are, the more level of playing field is
for a girl.

Speaker 5 (06:02):
One day, when you get married and have children, let's
say you have any.

Speaker 6 (06:07):
Girls, they're gonna do wrestling. I don't know why I
didn't do it when I was younger, if I knew
it existed.

Speaker 5 (06:12):
I thought about it until you came home and told
me I'm wrestling.

Speaker 6 (06:16):
It took about a year or two of me doing
it for you guys to like kind of catch on out.

Speaker 5 (06:20):
In the beginning, I would record every match. My hands
would be shaking, I would be holding my breath. Then
I got as obnoxious as the other parents.

Speaker 7 (06:31):
There are crazy wrestling parents out there, so you were
nothing like that. Wrestling is like a way of life.
It really is a special sport. It's different from the
others that I've played, like baseball. For some reason, I
was very uncomfortable in those sports as a kid. But
for some reason, the most violent sport you can play,
I just felt absolutely comfortable. And because it's facing your

(06:52):
fears head on, wrestling is such a natural sport.

Speaker 6 (06:55):
It's just basic movements that you knew was a business
went around exactly.

Speaker 7 (06:59):
And especially if if I have a little girl, she'll
be more confident in herself and she won't feel like
pushed around by people. True, you know, she'll be tougher
and more headstrong. And then if I have a little boy,
then he can let out all of his energy that
he might not be able to let out in school.
You know, when you're sitting all day and luckily you
guys have me doing sports at young ages and stuff

(07:21):
like that, and you guys took good care of me
as a kid. I had the best childhood anybody could
ever ask.

Speaker 4 (07:26):
Oh, well you stayed active, that's for certain. William.

Speaker 7 (07:29):
Absolutely, I didn't realize how important it was, especially until
high school. It's really important to take care of it
now so that later on.

Speaker 4 (07:37):
Right, because when you're a child, you don't realize these things.

Speaker 5 (07:40):
You're just being a kid and you're testing the boundaries,
and you know it's up to the parents to set
up the activities to make sure there's discipline.

Speaker 7 (07:49):
Well, when you start to think for yourself and you
start to kind of like you have your own independent mind,
then you realize the importance of these things. But back
to my children, I want them to learn those things
and those values, and I want them to be tough,
but I never force them or have an expectation on
them making a place like getting first, second or third place.

Speaker 6 (08:11):
And the only award I care about is.

Speaker 7 (08:13):
That they put in absolutely everything that they can, and
they try as hard as they can.

Speaker 4 (08:17):
They show up and they give it all they got and.

Speaker 7 (08:20):
That is the most important thing you take away from
wrestling is the work ethic. For me personally, I navigated
my way to find my sport and I found it
by myself, without you or Dad. And for other people
it might be golf. For other people it might be tennis,
or it might be football. But for me, it was wrestling.
And those were the reasons.

Speaker 4 (08:38):
Why I love hearing you talk about it.

Speaker 6 (08:40):
Well, that's nice, it's.

Speaker 5 (08:41):
Great, William on Saturday mornings. I feel like this is
our one on one time because we were so busy
during the week and to have this time on Saturdays.

Speaker 4 (08:50):
And the cool thing about it is you've grown not
doing this. In the beginning.

Speaker 5 (08:55):
It was more so with Dad and then later with me,
and this is our time together and with our listeners.
Our listeners have been listening to you, sent to you
or three years now.

Speaker 6 (09:06):
Wonderful.

Speaker 7 (09:07):
In other news, Pope Francis has recovered from his illness.

Speaker 6 (09:11):
I think he had a form of pneumonia. I was
very worried.

Speaker 7 (09:15):
I know that he is pretty advanced in age, and
I know he's been our pope for a long time,
and I think he's done well in his tenure as
pope and I think he truly is a man of
faith in the man of Catholicism.

Speaker 6 (09:26):
And then the State of the Union addressed with Donald Trump.
That was a whot. I think it was a very
good address.

Speaker 7 (09:32):
I think it talked about a lot of his successful
operations so far as president. He has done a lot
in these past forty something days, but there has been
a lot of polarization. At least one part is trying
to polarize the American public now that he is in office.
And one particular congressman stood up and shouted at Trump

(09:54):
while he was giving his address, and Speaker of the
House Mike Johnston warrant him once that if you do
not behave yourself, will have somebody take you.

Speaker 6 (10:02):
Out of the building. And Trump went on with the speech.

Speaker 7 (10:05):
Then the congressman continued to hackle, and so as the
Speaker of the House, Mike Johnson went ahead.

Speaker 6 (10:10):
And moved him from the building.

Speaker 7 (10:12):
Anyways, a little bit about wrestling, a little bit about
Pope Francis and the Vatican, and a little bit about
Trump as usual. That's what's been going on in the world,
and my world and that world as well.

Speaker 4 (10:22):
So William's world.

Speaker 5 (10:24):
Okay, I want to wish everyone a wonderful rest of
the weekend, and do keep us on your dial. Concerns
about tariffs raising consumer prices in reigniting inflation have been
weighing on both the economy and Wall Street. Mike you
Said and Charlie Gable, we'll discuss the recent stock market volatility,

(10:45):
as well as strategies and tools you'll need to build
a solid retirement plan. Later, Mary, Madeline Kelly and Greg
Murray will join the conversation and discuss taxation on social
Security benefits. I'll be back with John Boudris for an
informative discussion on one of the latest topics in retirement

(11:06):
and wealth preservation, the fire movement, and it is gaining traction.
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 (11:19):
I love you too, and as do I.

Speaker 3 (11:27):
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 6 (11:39):
Come retire with us.

Speaker 8 (11:41):
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? Here's the deal.
Whether you retire early or not, you won't at a
warning letter when cognitive decline or other medical issues occur.

Speaker 1 (12:04):
If that happens, it can be expensive.

Speaker 8 (12:07):
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.

Speaker 1 (12:15):
Ease the burden on loved ones.

Speaker 8 (12:17):
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 hundred eighteen eighty one eight eighty eight hundred
eighteen eighty one or email Kelly at Kelly Financial dot org.

Speaker 1 (12:38):
That's Kelly at Kelly Financial dot org.

Speaker 3 (12:41):
Safe Money Strategies Cool eight eight eight eight hundred eighteen
eighty one.

Speaker 6 (12:48):
Good morning, and welcome to the show.

Speaker 9 (12:50):
You are listening to Safe Money Strategies, and my name
is Mike dus said. It's somewhat of an understatement to
say the past.

Speaker 6 (12:55):
Couple of weeks have been rough for the stock market.

Speaker 9 (12:58):
Markets took a significant hit as the tariffs on Canada,
Mexico and China have begun. The tariffs are back on
after officials determined not enough progress was made on immigration
and drug smuggling during the delay. So what does this
mean for you? Market volatility has increased, which is never pleasant,
but it's part of investing. As our market downturns, my

(13:19):
advice is to remain patient and stay the course, especially
as we learn more about the effects tariffs will potentially
have on the economy. Joining me in the studio is
my colleague Kelly Financial investment advisor Charles Gable. Charlie, please
help our listeners make sense of the recent market volatility.

Speaker 10 (13:35):
Yeah, Hi, good morning everybody. I'm Charlie Gabell and thanks
for tuning in. Wall Street saw stocks tumble mostly lower
in February after they had posted strong returns in January.
Investors have been worried about the economic impact of tariffs,
inflation possibly returning, and rising geopolitical tensions. Consumer staples and
real estate stocks moved higher last month, while consumer discretionary industrials, IT,

(13:57):
communication services, and energy all underperformed.

Speaker 9 (14:00):
Chi let's cover the latest data regarding inflation, it started
to feel like inflation was moving in the right direction,
but that's not necessarily the case, or at least not
as much as the FED had hoped.

Speaker 10 (14:10):
Yeah, the latest data has shown inflation remained elevated. The
Personal consumption Expenditures price index has risen from a low
of two point one percent for the twelve months ended
in September to two and a half percent for the
same period ended in January, which supports the Federal Open
Market Committee's assessment that inflation remains somewhat elevated. Another potential

(14:33):
inflationary risk is the impact of those teriffs, which give
the FED ample justification to hold interest rate steady over
the next few months.

Speaker 9 (14:40):
The FOMC did not meet in February, after maintaining the
federal funds rate at the current four and a quarter
to four and a half percent following its meeting in January.
The committee has seven remaining scheduled meetings for twenty twenty five,
with the next just a couple weeks away on March nineteen.
The expectation of fixed income markets is that interest rates

(15:01):
will be cut in twenty twenty five, most likely two
or three times. However, these cuts may be weighted towards
later in the air, with the next interest rate cut
most likely in June. Charlie, you mentioned tariffs a moment ago.
We've been receiving a decent number of questions about Trump's tariffs.
What's the latest news and what is the potential impact

(15:22):
on investors?

Speaker 6 (15:23):
Well.

Speaker 10 (15:23):
The Trump administration imposed tariffs on imports from Canada and
Mexico starting this past Tuesday, and double tariffs against imports
from China. All three countries announced the retaliatory actions, sparking
worries about a possible slowdown in the global economy. The
recent decline in US stocks has nearly wiped out all
of the markets gained since President Donald Trump's election in November,

(15:45):
and worries about tariffs raising consumer prices and reigniting inflation
have been weighing on both the economy and Wall Street.

Speaker 9 (15:52):
As of the end of February, around seventy seven percent
of the S and P five hundred companies had beaten
Wall Street's earnings share estimates, according to fact Set, which
is in line with the five year average. What caught
my attention was that the term tariffs was mentioned in
earnings calls by two hundred and twenty one of the
S and P five hundred companies. Once again, according to

(16:15):
fact Set, a tariff is ultimately a tax on imported
or exported goods. Tariffs are away for governments to raise revenue,
regulate trade, and protect domestic industries. Before the federal income
tax was established in nineteen thirteen, tariffs were a major
revenue source for the government. From seventeen ninety to eighteen sixty,

(16:35):
tariffs accounted for ninety percent of federal revenue. According to
Douglas Irwin, a Dotmouth College economist who had studied the
history of trade policy, tariffs fell out of favor as
global trade grew after World War II, the government needed
vastly bigger revenue streams to finance its operations. Charlie, what
are the exact tax rates that went into effect this week?

Speaker 6 (16:57):
Well, if we look at.

Speaker 10 (16:57):
Imports from Canada and Mexico, they're now being taxed at
twenty five percent, with Canadian energy products subject to ten
percent import duties. The ten percent tariff that Trump placed
on Chinese imports in February is now doubled to twenty percent.

Speaker 9 (17:11):
Help out, listeners, make sense of everything in what steps
if any should they be taking to ensure their retirement
incomes aren't negatively impacted.

Speaker 10 (17:20):
We obviously know that these types of market drops can
be concerning, especially after we've had a relatively long period
of growth, but it is important to remember that pullbacks
are a normal part of investing and they can also
provide new investing opportunity. That being said, the last thing
investors want to do when markets drop is make investing
decisions based on fear. Instead, you'll want to be positioned

(17:41):
to take advantage of an upward swing when those markets
come back.

Speaker 9 (17:45):
Let's switch gives and discuss some of the essential strategies
and tools you need to build a solid retirement plan.
This is a must listen for anyone thinking about retirement
were already retired. The tools and strategies will discuss are
not just beneficial, they are essential. Many retirement plans fall
short because they lack these key components. Don't let your
plan be one of them. Without these strategies, you might

(18:06):
find your entire retirement plan deficient, and what's worse, you
might not realize it until it's too late to make
meaningful changes. Charlie and I need to take a quick break,
but stay tuned because what you'll hear later in today's
show could make all the difference in helping to ensure
your financial future is well planned.

Speaker 3 (18:27):
Kelly Financial Services eight eight hundred, eighteen eighty one.

Speaker 2 (18:33):
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, called eight eight eight eight hundred eighteen

(18:56):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.

Speaker 5 (19:03):
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

(19:25):
Kelly at Kellyfinancial dot org to set up a free
retirement consultation. We're Kelly Financial Come retire with us.

Speaker 3 (19:33):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 6 (19:40):
Good morning.

Speaker 11 (19:41):
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 investment advisors. How are you
doing today?

Speaker 12 (19:50):
Good morning, Greg.

Speaker 4 (19:51):
I am doing well.

Speaker 12 (19:53):
I'm having a little bit of whiplash from this weather
we're having. One day it's nearing sixty and the next
it's below freezing. I am ready for spring.

Speaker 11 (20:01):
It's a double edged sword. When spring comes, that means
skiing ends. Mary Madeline, Hey, spring skiing, it can still
be fun. You have to keep your expectations low.

Speaker 12 (20:10):
So I am excited about today's topic because it's something
that affects a lot of our listeners. Taxation on Social
Security benefits.

Speaker 11 (20:17):
It is definitely a crucial topic and there are a
lot of misconceptions around it. Many people assume that when
they retire they won't have to worry about taxes on
their Social Security benefits.

Speaker 6 (20:26):
But that's not always the case.

Speaker 11 (20:28):
Plus, we'll dive into some of the changes that Trump
is proposing regarding taxes on Social Security benefits.

Speaker 12 (20:33):
For those unfamiliar social Security benefits can be subject to
federal income tax depending on your combined income. Combined income
includes your adjusted gross income non taxable interest in half
of your Social Security benefits.

Speaker 11 (20:46):
To break it down, if you're an individual with combined
income between twenty five thousand and thirty four thousand, up
to fifty percent of your Social Security may be taxable.
For those exceeding thirty four thousand, up to eighty five
percent could be taxable. For married couples filing jointly, those
thresholds are slightly higher. Thirty two thousand to forty four thousand,
fifty percent will be taxable, and over forty four thousand,

(21:09):
up to eighty five percent will be taxable.

Speaker 12 (21:11):
And that's often a big surprise for retirees. Many people
don't expect to pay taxes on their Social Security, but
other income sources like pension dividends or part time work
can push them over these thresholds.

Speaker 11 (21:23):
Understanding how much of your Social Security benefits will be
taxes crucial for budgeting and financial planning. Imagine expecting a
certain amount for your monthly expenses, only to find out
that a significant portion will be taxed.

Speaker 12 (21:34):
It can definitely be a shock, But the good news
is there are strategies to manage this. For instance, strategically
managing your retirement withdrawals can help keep your combined income
below those thresholds.

Speaker 11 (21:44):
Another strategy might be spreading out your income sources. Instead
of taking large withdrawals from retirement accounts all at once,
spreading them out over several years can help keep you
below that threshold.

Speaker 12 (21:54):
And let's not forget state taxes. Depending on where you live,
your Social Security benefits might also would be subject to
state income taxes. Currently, thirteen states tax Social Security to
some degree, so it's important you check your state's rules exactly.

Speaker 11 (22:08):
It's crucial to review your state tax obligations or consult
with a tax professional to understand your specific responsibilities. Now
let's switch gears and discuss the proposed changes by President Trump.
He suggested significant changes, including exempting Social Security benefits from
income taxes.

Speaker 12 (22:23):
That's a huge potential shift. Currently, Social Security benefits can
be taxable depending on your other income sources, but under
Trump's proposal, they would be completely exempt. This could provide
substantial relief for many retirees.

Speaker 11 (22:35):
And it's not just Social Security. Trump's plan includes exempting
other sources of income like tips and overtime pay from taxes. Essentially,
if your Social Security benefits aren't tax you could keep
more of your retirement income.

Speaker 12 (22:47):
For retirees on a fixed income, not having to pay
taxes on Social Security benefits could significantly increase their disposable income.
This extra money could go a long way in covering
essentials like healthcare, housing, and other lives.

Speaker 11 (23:00):
Expenses, but of course we have to consider the broader implications.
One major concern with Trump's proposal is the impact on
federal revenue. The Tax Fundation estimates that exempting Social Security
benefits from income taxes could reduce federal tax revenue by
about three trillion dollars over the next decade.

Speaker 12 (23:16):
And that reduction could have widespread implications for funding other
critical programs. The overall plan could lead to substantial increases
in the federal budget deficit, raising concerns about long term
economic stability.

Speaker 11 (23:27):
Well the tax cuts could benefit individual taxpayers, the government
need to balance the reduced revenue, likely through spending cuts
or increase borrowing. One way Trump proposes to offset the
cuts is through steep tariffs on imports, which could raise
revenue but also have downsides. Like higher inflation and worse
foreign retaliations.

Speaker 12 (23:44):
All these factors make for a complex situation. As always,
policy changes like these can have far reaching implications, so
it's crucial for our listeners to stay informed and understand
how potential changes could impact their financial planning.

Speaker 11 (23:58):
For those relying on Social Security, the idea of having
their benefits exem from income tax is appealing, but it's
vital to keep the broader economic context in mind. Increased
deficits and debt could lead to other challenges down the line.

Speaker 12 (24:09):
And that's where careful financial planning comes in. Consulting with
financial advisors can help you understand how these proposed changes
might affect your overall retirement strategy, helping you to navigate
these intricacies and ensure a secure financial future.

Speaker 11 (24:23):
Well said, it's a both saying proactive and informed. We
encourage our listeners to keep an eye on developments and
consult with their financial and tax advisors to make the
best decision for their individual circumstances.

Speaker 12 (24:32):
That's great advice.

Speaker 2 (24:33):
Well.

Speaker 12 (24:33):
We hope today's discussion has shed some light on the
complexities of Social Security taxation and proposed changes. As always,
if you have any questions or need further assistance, don't
hesitate to reach out to us.

Speaker 4 (24:45):
We're here to help.

Speaker 11 (24:46):
Thank you for your time today, Mary Medelin, look forward
to our discussion next week.

Speaker 6 (24:49):
You too, Greg, have a great weekend. To get in.

Speaker 3 (24:51):
Touch with Greg Murray or Mary, Madeline Kelly or any
member of the Kelly Financial team, call at eight eight
hundred eighteen eighty one.

Speaker 10 (25:03):
Hi.

Speaker 5 (25:03):
I'm Kelly Kelly. For twenty one years, Kelly Financial Services
has been serving people like you today. We are still
guided by the wit and wisdom of my late husband
and co founder, Bill Kelly.

Speaker 6 (25:16):
When's the best time to plant a tree? Twenty years ago?
When's the second best time to plant a tree? Today? Tomorrow?

Speaker 5 (25:23):
Growth in all aspects of life are the hallmarks of
a fulfilling retirement. We're Kelly Financial. Come grow with us
and come retire with us.

Speaker 6 (25:33):
Come and take a seat.

Speaker 3 (25:34):
Thank you, it's nic Yes, yes, yes, Now what do
you want right?

Speaker 6 (25:37):
How are my sons performing? Hello?

Speaker 3 (25:41):
Look at the pretty colors the sub makes reflecting off
this glass.

Speaker 2 (25:46):
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 eighty eight eight hundred and eighty eighty one, or
go to Kelly Financial dot org.

Speaker 3 (26:03):
Save Money Strategies with John Budris and Kelly Kelly call
the team on eight eight hundred eighteen eighty one.

Speaker 2 (26:14):
And we are back on John Budris, the co host
of Safe Money Strategies, and as always, thanks for joining
me this morning, as you do most Saturday mornings. Well,
this show at its base is about planning to retire,
how to save, how to invest wisely, and how to
make sure you don't run out of money. But today

(26:35):
we're diving into a movement that's been making waves in
the financial world. The acronym is fire fire financial independence
retire early. Now. That sounds great, but is it realistic
and more importantly, is it the right move for everyone?

Speaker 10 (26:52):
For you?

Speaker 2 (26:53):
So with me today is Kelly Kelly, the CEO of
Kelly Financial. She's an expert in retirement planning and wealth management,
and she's here to explain this new retirement movement to us,
the Fire movement. Kelly, good morning and welcome.

Speaker 4 (27:09):
Good morning, John.

Speaker 5 (27:10):
Happy to be here with you on this fine Saturday morning.

Speaker 2 (27:14):
So Kelly, what exactly is the fire movement?

Speaker 5 (27:17):
The fire movement centers on aggressive saving and investing strategies.
The goal is to build up enough assets to generate
passive income that can replace a traditional salary, enabling retirement
far earlier than the typical age of sixty five.

Speaker 2 (27:34):
So how much do people actually need to save if
they want to retire early?

Speaker 5 (27:39):
It depends on their spending habits, investment returns, and how long.

Speaker 4 (27:44):
They expect to live.

Speaker 5 (27:45):
If they want to retire at forty and live another
fifty years, their savings need to last far longer than
someone retiring at sixty five. A general rule of thumb
is that fire enthusiasts aim to save fifty to seventy
percent of their income. This requires a high high level
of commitment, including frugal living, income maximization, imprudent investment strategies.

Speaker 2 (28:12):
So in terms of dollars, what does that equate to?
Just roughly a ballpark for.

Speaker 5 (28:17):
Here, the aim is to accumulate a large enough portfolio,
typically twenty five to thirty times their annual expenses, then
they can withdraw a sustainable amount each year and no
longer need to work.

Speaker 2 (28:30):
Twenty five to thirty times. That is a hefty number.
So let's say someone spends fifty thousand dollars a year,
they would need at least one point twenty five million
dollars saved up.

Speaker 4 (28:41):
Is that right exactly?

Speaker 5 (28:43):
And that's assuming they can safely withdraw four percent per year.
Some people in the fire community aim for even higher
savings to be more conservative.

Speaker 2 (28:54):
Okay, so walk us through that calculation. What do they
need to hit to get to their fire goal?

Speaker 5 (29:01):
It really comes down to tracking annual expenses and applying
a twenty five times rule. For example, if they spend
forty thousand dollars a year, they'll need at least one.

Speaker 4 (29:12):
Million dollars invested.

Speaker 5 (29:13):
If they spend eighty thousand dollars, they'll need two million dollars.
It all depends on their lifestyle. But here's the catch, John,
As you know, the market is not predictable. Cost of
living change, and healthcare, especially in early retirement, can be
a major unknown, and that's why it's crucial to plan

(29:34):
well beyond just a number.

Speaker 2 (29:36):
Kelly, you mentioned sustainable with traorals. Let's assume someone actually
makes it to their fire goal. How do withdrawals work
if they're retiring early meaning that they'll have more years
they need to be drawing.

Speaker 5 (29:50):
Well, it can get a little tricking. Traditional retirement accounts
like four to oh one ks and iras have penalties
for withdrawing before a fifty nine and a half, so
many in the fire movement rely on taxable brokerage accounts,
WROTH conversion ladders, and even annuities to bridge the gap.

(30:11):
There are also other risks to consider. If people retire
early and there's a market downturn in the first few years,
their portfolio might not last as long as planned.

Speaker 4 (30:22):
That's why they need a strategy.

Speaker 2 (30:24):
Well, as we're talking, Kelly, this sounds very complicated. Are
there folks who really believe in fire?

Speaker 5 (30:31):
There are, John, There are some true believers in this movement.

Speaker 2 (30:34):
So is fire really achievable for the average person.

Speaker 4 (30:38):
It's possible, but it's not easy.

Speaker 5 (30:40):
Most people don't have the income or discipline to save
that aggressively. Plus life happens, kids, medical issues, unexpected costs.
There's a balanced approach sometimes called coast fire that some
feel is more realistic. Instead of retiring in your thirties
or four or these may be aimed for financial flexibility

(31:03):
in your fifties or early sixties, it still offers freedom
without extreme frugality.

Speaker 2 (31:09):
Well, you mentioned that balanced approach, and I have to
ask what doesn't prepare people for.

Speaker 5 (31:17):
While fire can seem like a simple numbers game, save
enough invest well in your set, there are critical aspects
that often get overlooked. Firstly, healthcare is a major consideration.
Retiring before sixty five means navigating the healthcare landscape independently
until Medicare kicks in. Private insurance or cobra during this

(31:40):
period can be incredibly expensive. Secondly, purpose and identity are crucial.
Retiring in one's forties raises the question of how to
spend the next forty to fifty years. Many early retirees
grapple with boredom, a lack of structure, and even some depress.
Work provides more than just income. It offers a sense

(32:04):
of purpose and social connection. Thirdly, inflation and economic downturns
pose significant risk. Retirement funds need to last for decades
without an active income stream. Unexpected recessions or inflation spikes
can derail a retirement plan if not properly accounted for. Finally,

(32:26):
family responsibilities cannot be ignored. Many fire enthusiasts fail to
consider factors such as caring for aging parents or unexpected
family emergencies. Life's complexities don't disappear once a savings goal
is reached.

Speaker 2 (32:43):
So fire might free you from a job, but it
doesn't necessarily free you from life's realities precisely.

Speaker 5 (32:51):
Fire can be a great goal, but it needs to
be part of a full financial and lifestyle strategy, not
just a way to quit working early.

Speaker 2 (33:00):
Kelly, can you talk a little bit about some strategies
our listeners can put into place to make their money last.

Speaker 5 (33:07):
Absolutely, retiring early means money has to stretch a lot
longer than someone retiring at sixty five. Without a solid plan,
retirees could run into trouble quickly. But there are some
strategies financial advisors may recommend fire retirees use. Since fire
doesn't mean never working again. Many retirees create side income

(33:30):
through consulting, real estate dividends, or even passion projects that
bring in revenue. This extends their savings and keeps them engaged.
Fire retirees tend to pull from taxable brokerage accounts first
to let tax advantage accounts like iras and four to
oh one k's keep growing. Their advisor can also guide

(33:54):
them in how to convert traditional retirement savings into wroth
iras during lower income years, which also reduce taxes later.
As mentioned previously, fire retirees are known for their frugality
and often maintain a lifestyle well below their means even
after achieving financial independence. They achieve this by diligently tracking

(34:18):
expenses and adjusting their spending in response to market fluctuations.

Speaker 2 (34:24):
Earlier, Kelly, you mentioned a few alternative income sources, including
annuities for those retiring before fifty nine and a half
years old. Are annuities a good option for fire retirees?

Speaker 4 (34:38):
Yes, absolutely.

Speaker 5 (34:40):
Annuities can be a powerful tool for early retirees because
they can provide something crucial, a guaranteed, steady income stream
that helps reduce the risk of running out of money.

Speaker 2 (34:53):
Before we had to break. What should our listeners do
if they have questions about retiring early and which income
options they should.

Speaker 5 (35:01):
Explore, Having an experienced financial advisor is their guide. Isn't
just helpful, it's essential. Our Kelly advisors are available to
answer questions and offer objective viewpoints on financial plans, so
people on the firepath don't have to go it alone.
We also have a free investor guide, the ABC's a

(35:23):
Protected Retirement Income, which explains the advantages and cost of
fixed indexed annuities. It includes a short questionnaire that helps
determine if annuities are for you.

Speaker 2 (35:37):
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 talk about how fire retirees
are using annuities to secure the future and why your
advisor is critical to a successful fire journey. So stay

(35:59):
tuned and googy back in flash.

Speaker 3 (36:06):
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 (36:16):
I'm Kelly Kelly from Kelly Financial. Retiring early requires a
rock solid plan to fund it. Fixed indexed annuities provide
growth potential, protection from market turndowns, and a guaranteed income.
Our free investor guide, called the ABC's of Protected Retirement Income,
helps you understand the advantages and cost of fias. For

(36:37):
the guide, call eight eight eight eight hundred eighteen eighty
one or email Kelly at Kelly Financial dot org where
Kelly Financial.

Speaker 4 (36:44):
Come retire with us.

Speaker 2 (36:46):
Are you moved by the transition from one season to another,
like winter into spring or summer interfall? Likewise, we are
moved by life's transitions, losing a job, facing retirement, the
passing of a spouse. Are you prepared for the financial
hazards each transition brings? The financial advisors at Kelly Financial
can help you triumph over life's transitions. Call eight eight

(37:08):
eight eight hundred eighteen eighty one or email Kelly at
Kellyfinancial dot org. Serving Boston for twenty one years.

Speaker 3 (37:16):
Safe Money Strategies eight eight eight eight hundred one eight
eight one.

Speaker 6 (37:22):
Come retire with us.

Speaker 2 (37:26):
And we are back. I'm John Budris, the co host
of Safe Money Strategies, and thanks for joining me this morning.
Today we're talking about one of the latest topics in
retirement and wealth preservation, the Fire movement. The fire movement
and that stands for financial independence, retire early, and it's

(37:46):
gaining traction. But here's the big question, how do you
make sure that your money lasts as long as you
do a lot of folks dream of achieving retirement before
sixty five, but they don't always think about how they'll
maintain that steady paycheck once they leave the workforce. Now,
dear listeners, you don't need to figure this out on

(38:08):
your own. To walk us through retirement planning that actually works.
Let's welcome back Kelly Kelly, the CEO of Kelly Financial.
She's here to talk about one of the smartest strategies
for creating reliable retirement income, and that's annuities and how
your financial advisor can be your best guide on an
early retirement journey. Good morning again, Kelly, and welcome back.

Speaker 4 (38:32):
Good morning John. Happy to be back with you on
this Saturday morning.

Speaker 2 (38:36):
Before the break, you mentioned annuities as an income option
for those retiring early. Though, a big challenge for retirees
is ensuring they don't outlive their money. So what role
can annuities play in overcoming this?

Speaker 5 (38:51):
Annuities provide a predictable, guaranteed income stream, almost like a paycheck,
which can be a lifesaver for someone who doesn't want
to rely solely on market returns. Unlike traditional investments, which
can fluctuate, annuities ensure a stable flow of income, which
is incredibly valuable for long term financial security.

Speaker 2 (39:16):
So before we get too far into this. What exactly
is an annuity and why would someone looking to retire
early one to consider one?

Speaker 5 (39:24):
Annuities are financial products that allow you to convert a
lump sum of money into a series of guaranteed payments
over time. There are different types. There are fixed, variable
and indexed annuities, but for fire retirees, a fixed index
annuity can be especially useful because it provides a dependable

(39:47):
income no matter what the stock market is doing.

Speaker 2 (39:51):
How exactly Kelly would someone in the fire movement use annuities?

Speaker 5 (39:55):
Annuities can bridge the gap before traditional retire at aid.
Since many fire retirees who stop working in their forties
or fifties can't access Social Security or certain retirement accounts
until later, Annuities set up early can lock in income
for those in between years. Of course, fire retirees fear

(40:17):
outliving their money, but with a fixed income annuity, they
get guaranteed payments for life, no matter what the market does.
Annuities also offer tax deferred growth for later use, and
who doesn't love tax efficiency. This tax deferred growth means
their money compounds without annual tax hits. Remember, retiring early

(40:40):
isn't just about hitting a savings goal is about knowing
how to turn those savings into lifelong income. That's where
a trusted advisor makes the difference. They can help figure
out how much is needed, which type of annuities or
investments are best, and how to manage taxes and inflation
over time.

Speaker 2 (41:01):
Early retirement sounds great, but without a solid income plan,
it could turn into a financial nightmare, especially if retirees
are trying to figure it out on their own.

Speaker 5 (41:12):
Absolutely, John, A lot of people in the fire movement
are great at saving aggressively, but they may not always
plan for the long term risk like healthcare costs, market turndowns,
or inflation. A financial advisor helps ensure that their plan
is built to last so they don't find themselves needing

(41:33):
to go back to work later in life.

Speaker 2 (41:35):
Good point, And I'm sure no one wants to be
in their seventies thinking if I retired too early and
now I'm running out of money, what do I do?
And that's why having a strategy with annuities and a
trusted advisor is so important.

Speaker 5 (41:49):
You are absolutely correct, John. Annuities, especially fixed indexed annuities,
combined with a well planned investment strategy create that stability
so they can enjoy early retirement without the fear of
running out of funds.

Speaker 2 (42:04):
Sounds like there are many benefits, Kelly, but let's be honest.
I'm guessing that firefolks don't love locking up their money.
Are annuities for everyone? That's the big question.

Speaker 4 (42:15):
No, and you raise a valid point.

Speaker 5 (42:17):
Traditional annuities do lack the liquidity of a brokerage account.
If you need easy access to a big lumpsum, annuities
may not be the best fit. However, for fire retires
who want security, stability, and longevity protection, they can be
a great supplement to other assets. That's why working with

(42:38):
a financial professional like one of our Kelly advisors is key.
They can help balance growth investments with guaranteed income sources,
so your plan works in real life, not just in theory.

Speaker 2 (42:52):
I said it before, Kelly. There's a lot to consider,
a lot of moving parts. It would surely not be
wise for a retire to try to figure this out
without some help.

Speaker 5 (43:02):
That's true, John, a lot of people on the fire
path do try to do it alone. But the reality
is that financial planning is more than just selecting an
investment strategy. It's about managing risks, adapting to life's changes
and making sure their money.

Speaker 2 (43:18):
Last when it does come to fire retirees, Kelly, maybe
you can share once more all the ways they can help.

Speaker 5 (43:25):
Just to wrap this up certainly, I can reiterate a
few A financial advisor can help fire retirees adjust there
withdrawal strategy based on changing market conditions. They can help
plan for major expenses like healthcare, home maintenance, and potential
long term care. They can keep retirees accountable. Sense without

(43:47):
a steady paycheck is important to be disciplined in how
to spend and invest.

Speaker 2 (43:53):
How can those listeners considering early retirement contact you, Kelly?

Speaker 5 (43:58):
They can call us at eight eight m eight eight
hundred eighteen eighty one or email me directly at Kelly
at Kellyfinancial dot org. It's important to remember that our
Kelley advisors can help retirees pivot if the unexpected happens,
whether it's a recession, tax law changes, or a personal crisis.

(44:21):
Having one of our experienced advisors on their side means
emotional rush decisions that could jeopardize their future won't.

Speaker 4 (44:30):
Be made alone.

Speaker 5 (44:32):
We also have a free investor guide, the ABC's of
Protected Retirement Income. It outlines the different types of annuities,
how they work, and what cost or limitations retirees should consider.

Speaker 2 (44:46):
Whether you're aiming for fire or just want to retire comfortably,
make sure you have a plan that works for you,
specialized for your needs and your desires. To get the
guide and to make a complementary appointment with the Kelly
Financial Advisor, called eight eight eight eight hundred eighteen eighty
one or email Kelly directly at Kelly at kellyfinancial dot org.

(45:08):
You're listening to Safe Money Strategies the radio show heard
right here on WRKO and streaming on the iheartapp. Stay
tuned and we'll be back in a flash.

Speaker 3 (45:23):
Kelly Financial Services. Call eight eight eight eight hundred eighteen
eighty one.

Speaker 5 (45:29):
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

(45:51):
Kelly at Kellyfinancial dot org to set up a free
retirement consultation.

Speaker 4 (45:55):
We're Kelly Financial.

Speaker 3 (45:57):
Come retire with us Safe Money Strategy cool A eight
eight hundred eighteen eighty one. Well, go to Kelly Financial
dot org.

Speaker 9 (46:08):
Welcome back Mike Dussett and joining me in studio is
Chiles Gable. Early in today's show, Charlie and I discussed
the recent market volatility and the potential impact that Trump
Twerts may have on the economy and Wall Street. What
we know for sure is that Wall Street hates uncertainty.
So it's times like these that having a comprehensive written
retirement plan can help retirees navigate these choppy waters.

Speaker 10 (46:29):
And we know that retirement planning can seem overwhelming with
all the different options and strategies that are available. That's
why we're here to break it down for you. When
you talk to any financial advisor, broker, or anyone involved
in retirement planning, you'll inevitably hear the term asset allocation.
But what does it really mean and how can you
use it effectively? Despite its frequent mention, many people don't

(46:50):
fully grasp the concept or understand ways to apply it
properly in their own financial plans. Asset allocation involves spreading
your investments across various financial vehicles that include stocks, bonds, commodities, annuities,
and even CDs.

Speaker 9 (47:05):
Now, one of the keys to effective acid allocation is
determining what combination of assets is ideally suited to help
you pursue your financial goals within your timeframe. Then periodically
rebalance your portfolio to maintain these allocation percentages. Failing to
do so may cause your portfolio to drift outside your
desired allocations based on performance differences.

Speaker 10 (47:27):
And the mistake that many people make is to think
that rebalancing is only triggered by the ups and downs
of stock values. And while market volatility is definitely an
important factor, there is a lot more to consider, things
like recent interest rate movements in their possible impact on bonds,
the tax ramifications of any capital gains and dividend income
selling losses to offset any gains, and your age and

(47:48):
changing objectives. Remember, effective asset allocation is all about finding
the right balance for you and making adjustments as needed.
This can help ensure your portfolio remains aligned not only
with your goals, but risk tolerance.

Speaker 9 (48:01):
Another mistake is to think too narrowly about the investments
and financial instruments that can be used to ideily meet
your retirement objectives. When it comes to allocating your retirement assets,
it's not just stocks and bonds that need to be considered.
You have a wide range of financial vehicles to choose from,
and properly diversifying between these vehicles helps protect your portfolio

(48:22):
against the risk of any one poorly performing asset. It's
generally a good idea to select a variety of different
financial vehicles within each asset class. Chlie, can you provide
our listeners with a few examples of diversification.

Speaker 10 (48:35):
Yeah. A few examples might include first, global diversification, which
involves holding both domestic and international securities. You have tax diversification,
balancing between taxable and tax deferred or tax free accounts,
management diversification to reduce the risk associated with relying on
a single fund manager, and timing diversification such as laddering

(48:55):
bonds or CDs.

Speaker 9 (48:57):
Ultimately, by diversifying your investments, you can use risk and
increase the potential for more stable returns over time. It's
a strategy that helps ensure no single event or or
performing asset can significantly impact your entire portfolio. When planning
your retirement, it's important to establish a timeline. This is
another area that I see lacking in many people's planning,

(49:18):
and this can be a big mistake because you need
to consider your timeline to select appropriate financial vehicles.

Speaker 6 (49:23):
Yeah, absolutely right.

Speaker 10 (49:24):
You know, stocks, for example, offer the opportunity for higher returns,
but are typically ideal for longer timeframes to offset any
short term risk. When establishing your retirement timeline, take into
consideration your current age, the age at which you'd like
to retire, and the amount of income you'll need to
pursue your lifestyle goals.

Speaker 9 (49:41):
How about managing risk, Charlie, any advice for our listeners
as it pertains to risk management.

Speaker 10 (49:45):
I think adopting clear and reliable methods to manage risk
is definitely crucial. It ultimately helps protect your portfolio from
many potential problems like market losses and inflation or risk.
Management Strategies and insurance products that could help play a
role include diversification, growth components to keep pace with inflation,
liquidity for access to your money, guaranteed income contracts. By

(50:07):
incorporating these strategies, you could help preserve your portfolio against
unexpected events and help to ensure a smoother financial journey.

Speaker 9 (50:15):
Another mistake that I often see is that people will
develop a plan, possibly a very solid one, but then
they fail to review and monitor any progress made in
helping to achieve the plan subjectives. I strongly believe that
your retirement plan should be reviewed at least annually. This
helps ensure your portfolio stays on track to meet your needs.
While doing it yourself may seem easy, it may not
be the best approach when it comes to something as

(50:37):
important as your retirement plan. An experienced advisor can help
determine what changes make sense based on your objectives.

Speaker 10 (50:43):
I also think it's important to ask yourself how long
do you need to maintain your retirement plan? In other words,
how long do you expect to live and need that
portfolio to provide income. Your strategy should include elements of
sustainability to help ensure you do not deplete your retirement
assets too soon. You can think of some sustainability strategies
as coordinating your distribution plan with your social security benefits,

(51:06):
repositioning wealth with an IRA rollover, possibly evaluating whether to
take a lump sum in lieu of pension benefits, Utilizing
products that provide a steady and reliable stream of income
and planning for leaving a legacy to loved ones or
maybe charitable organizations.

Speaker 9 (51:21):
While these strategies can help make your retirement income more sustainable,
perhaps the best single strategy is to have a written
retirement income plan. A formal plan is critical because retirement
can last so long, and once those paychecks stop coming
in from an employer, your savings needs to last for
as long as you might live. The tools and strategies
we've covered today are more than just helpful, they're indispensable.

(51:44):
Too many retirement plans fall short because they miss these
crucial elements. Without these strategies, you risk discovering too late
that your retirement plan is lacking, leaving little to no
room for effective adjustments. Make the necessary changes now to
preserve a solid financial future.

Speaker 10 (52:00):
So, if you're ready to take that next step in
your retirement planning journey, call us today to schedule a
complimentary consultation with our team. You can reach us at
eighty eight eight zero zero one eight eight one, or
visit us online at Kelly Financial dot org. And with that, I'm.

Speaker 9 (52:16):
Charlie Gable and I'm like you said, join us next
week for another installment of safe Money Strategies.

Speaker 3 (52:25):
Our Safe Money Strategies call now on eight eight eight
eight hundred eighteen eighty one or go to Kellyfinancial dot org.

Speaker 13 (52:38):
Well, if you've accumulated wealth, then it's probably happened over
a period of years. If you're like me, you might
be heading into the final third of the rodeo. You
might be closer to the end than you are to
the beginning. I can remember my grandfather at my age,
and he definitely wasn't doing forty five minutes on the
cybex and getting a heart rate of one fifty seven

(53:00):
at this age. But that's what I'm doing. But I'm
closer to the end of the movie than i am
to the beginning of the movie. We don't have a
real choice about our first breath. If we're not taking it,
the doctor's going to make sure we do, or we're
going to come out of the shoot, you know, breathing
right away and screaming, helping. And then we move through
life and there's a randomness to it. I guess that

(53:22):
I think people on the left just are astounded by
that randomness and it befuddles them and they try to
either heal that fracture in the universe or they try
to make up for that randomness by punishing you and
I people who are trying to do things differently in
a more distinguished way. Working harder, you accumulate things, ladies
and gentlemen, as you invest in your lives, and wealth

(53:45):
isn't just in money. Some of you are surrounded by
beautiful families, and that's accumulation of wealth to me also,
because there's nothing more valuable than family. But the conundrum
of life is the random quality of life. But we
can overcome that to some extent. My quest has been
based on having nothing and having less than nothing at

(54:05):
some time in my life and wondering is it ever
going to work out? I had a vision early on
in my life about what it would be like, and
it pretty much coincides with what's happening right now in
my life, although there's more to come for me in
my mind. When I had setbacks, I was never really
upset about the setback. Okay, I lost some dough, Okay,
I'm having a rough time with a job. A venture

(54:28):
didn't go the way I wanted it to go, and
I remembered during the worst of times sitting on a
log in a parking lot talking to God, and I said, God,
do I have to abandon the vision?

Speaker 14 (54:38):
Is it over? Is there any hope for this vision?
Is that vision going to happen for me? Or am
I a fool? Just tell me, just let me know,
give me a sign, let me know, And you know what,
there was no sign. I just had to make up
my mind. It was worth moving ahead to try to
approach the vision I had for my life. And from
that darkness, from that time sitting in a parking lot,

(55:00):
entry restaurant, basically at roadhouse at three o'clock in the
morning to now they sit with my wife Kelly and
be marvel at what God's allowed us to do. Eight
eight eight eight hundred and one eight at wont sit
with us and we'll be back in a few short moments.

Speaker 3 (55:15):
Safe money strategies eight eight eight eight hundred one eight
eight one. Come retire with us.

Speaker 5 (55:22):
I'm Kelly Kelly from Kelly Financial. Retiring early requires a
rock solid plan to fund it. Fixed indexed annuities provide
growth potential, protection from market turndowns, and a guaranteed income.
Our free investor guide called the ABC's a protected retirement
income helps you understand the advantages and cost of fias.

(55:42):
For the guide, call eight eight eight eight hundred eighteen
eighty one or email Kelly at Kellyfinancial dot org.

Speaker 4 (55:49):
We're Kelly Financial. Come retire with us.

Speaker 3 (55:52):
Safe money strategies. Go to Kelly Financial dot hole.

Speaker 2 (55:59):
The news break is come up, and during the break,
take the time to give a call at eight eight
eight eight hundred eighteen eighty one and make that all
important first step to secure your retirement future. Talk things
through with a financial advisor about any aspect of retirement
or money management, whether it's your portfolio, concerns about healthcare,
or if you're tossing around the idea of relocating or

(56:20):
maybe helping out with your grandchildren's college. 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
Weekans expressed by the host his guests where employees of
Kelly Financial Services are solely their own and do not

(57:04):
reflect the opinions of Kelly Financial Services. Information has been
obtained from sources deem 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. It is always advisable to consult
a professional before making a financial decision. The host is
a client of Kelly Financial Services in exchange for hosting
the Safe Money Strategies Show and providing testimonials of his
personal experience as a client of Kelly Financial Services.

Speaker 6 (57:25):
Kelly has waived the host's advisory v BEE 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.