Kelly Financial: Saturday, May 17, 2025

Episode Transcript

Speaker 1 (00:12):
This is going to us.

Speaker 2 (00:20):
Good morning, Dear Boston. I'm John Boudris and Kelly Financial.
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six' eighty on the AM dial, online
from just about anywhere when we have a lot on
the show today, as always, we'll be hearing from the
advisors at Kelly Financial, and missus Kelly and I are

(00:44):
going to be chatting about a very very important topic
and those are the let's call it, the pre conversations
that we need to have first with ourselves and then
with our spouses and then with our children about the
next chapter in our life lives. Because retirement, well it's
just a wonderful sounding word, but it has some very

(01:07):
important hard moments to grapple with, and that is that
as we get older and we're not working, it gets
more complicated, let's put it that way. There's a lot
of moving parts and ultimately we're all going to get sick.
Ultimately we're all going to pass away. And in those chapters,
let's call it the sub chapters of the final chapter

(01:29):
of our full retirement, will come with some challenges that
we need to anticipate and think through before all of
the emotions kick in when they inevitably will, and that's
a conversation you have to have well before you hit
that skid. And believe me, for those of us who

(01:51):
have gone through it with our own parents, it's just
so fraught with loss and emotion that having your plan
in place that you can just default to that you
know what you're going to do when this happens, that happens,
you need to get that in place. It's a very
important conversation. So we'll be back in a moment. Stay

(02:13):
with us. We have a few messages for you.

Speaker 3 (02:20):
Safe Money Strategies with John Budrus and Kelly Kelly called
Kelly Financial on eight eight eight hundred, eighteen eighty one.
We'll go to Kellyfinancial dot org.

Speaker 4 (02:36):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to Forever Young, a special part of our
Safe Money Strategies show. I'm joined today as always by
my handsome and thoughtful son, William Kelly Junior thowtful. Now,
yes you are as we chat every Saturday morning.

Speaker 5 (02:58):
Good morning William every week. We do know that ladies
and gentlemen, this.

Speaker 4 (03:03):
Is yes it's like we get the mother's son perspective.

Speaker 6 (03:08):
We do one lies, so it's not just one show,
but it's every week so people can keep coming back.

Speaker 7 (03:13):
And wow, Yes, I switched up my intro a little bit.

Speaker 6 (03:17):
I noticed that typically I hear my very handsome son,
but apparently I'm thoughtful to ladies and gentlemen. Are That's
ironic coming from you, because I have a very thoughtful
mother who has helped me so much in life.

Speaker 5 (03:30):
You know, it's a week after Mother's Day, but Mother's.

Speaker 8 (03:32):
Day technically, Oh, I love it.

Speaker 7 (03:34):
Keep on. So she has put.

Speaker 6 (03:38):
Up with me, she has raised me, put me into
this world. Moms do a lot, ladies and gentlemen. But
we're here today and we're ready to talk about some
cool things going on in the world. And I want
to start by mentioning President Trump. He's done some interesting
things lately. He went over to Saudi Arabia. From what
I heard, ladies and gentlemen, I didn't watch a video.

(04:00):
I apologize for not doing my due diligence. However, I
heard that he played God Bless America in front of everybody,
and apparently it went over very well. Saudi Arabia or
the Katar specifically gifted the United States a specifically the
Department of Defense, a four hundred million dollar jet, and

(04:21):
it's going to replace the I think the thirty something
year old current presidential or Air Force two jet, don't
I don't recall which one, but we're still using it
and it's over thirty years old, and so obviously people
are trying to pin it as a as a constitutional fallacy,
that Trump is committing a crime by accepting a personal gift,
as no president should, which is completely correct.

Speaker 5 (04:43):
However, if I.

Speaker 6 (04:45):
Am correct, the presidency and the administration can after the
presidency transfer the jet and other things from his presidency
after he leaves office to a presidential archive where Trump.

Speaker 5 (04:58):
Can then use it personally, So I who knows what
he's going to do.

Speaker 6 (05:03):
I don't think, to be honest, I don't think he
is necessarily too concerned with private jets and accepting personal gifts.

Speaker 5 (05:10):
I think this is really just a benefit for America. Now.

Speaker 6 (05:14):
Donald President Trump had successfully achieved an investment deal with
Saudi Arabia investing six hundred billion dollars into the United States,
So I don't know how much money he's landed by
negotiation and negotiations specifically with companies and with other countries.

(05:36):
But I know it's in the trillions, and I'm very
appreciative of what he's doing so far. I know he's
been tainted in a very bad light, and the volatile
economic activity has also not helped his image. But I
mean they did that in his first term. I wasn't
surprised by the slandering. I mean they slandered him before
the election, after the election, and then before second election,

(05:57):
and then after he lost quote unquote the elections lost,
and then after the third election, and well before and
after the third election. He's always just been slandered, and
I've just learned that, don't be surprised by it.

Speaker 7 (06:13):
And I don't think it's good.

Speaker 5 (06:15):
To just be blindly supporting a person.

Speaker 6 (06:17):
And I've spoken about this before on the show, because
originally I supported Robert Kennedy. I supported RFK Junior. I
thought he was the best candidate, and he's very unpopular.
Ladies and gentlemen, you can disagree with me, and that's
completely fine.

Speaker 5 (06:30):
This is America. You can do that.

Speaker 6 (06:31):
However, the fact that Donald Trump showed his partisanship and
his ability to negotiate so well and say, hey, Robert,
we'll work together. I believe in your message. Let's do
it together. Why not, let's help each other out. That
was very impressive, and then over time I just kind
of got to see his true intentions. And then when
he got shot, I think something changed in him. I

(06:52):
think we all saw that as Americans.

Speaker 5 (06:54):
So I'm very.

Speaker 6 (06:55):
Happy with what he's doing right now, and I hope
this trade war works out successfully.

Speaker 8 (06:59):
I have a good feeling it will.

Speaker 5 (07:00):
I have a good feeling that a lot.

Speaker 6 (07:01):
Of these things are going to be achieved because he's
achieving them right now.

Speaker 5 (07:04):
So so far.

Speaker 6 (07:06):
At the end of the line, like if we just
if he ended his presidency right the second, he's done
a lot. He's done more than some presidents do in
their whole four years that we find out about at least,
which is pretty amazing.

Speaker 5 (07:18):
He's been very transparent. I mean, he's been.

Speaker 6 (07:21):
Holding press conferences right and left, NonStop, and he has
it's like no.

Speaker 5 (07:25):
Script just speaks from the heart. What president does that?

Speaker 6 (07:29):
I mean, like you think of Obama, you think he's
always scripted, always procured x amount of press. Media loves
this guy, right, and then Donald comes in says whatever
he wants, whatever he feels, has a clear goal in mind,
very simple, very easy to understand, and they're very America First.
It's not Lucy Goosey. It's not changed opinions with the tide.
It's none of that. I don't know what opinions he's

(07:51):
changed since he started running. He's been very consistent.

Speaker 5 (07:53):
I mean, if he has changed opinions, then my bad.
I didn't mean to lie about that. But from what
I've seen, that's how it looks.

Speaker 4 (08:00):
Well, said William. I appreciate your perspective. Thank you, I
President Trump, Well, I appreciate it.

Speaker 5 (08:06):
Thank you for letting me talk everybody's ear out about it.

Speaker 6 (08:09):
Let me ask you, mom, before we wrap up the show,
what are your thoughts on what Trump has done so far?

Speaker 5 (08:14):
Are you satisfied, dissatisfied.

Speaker 7 (08:16):
I think we knew it was not going to be easy.
We knew it was not going to be a calm transition.

Speaker 4 (08:23):
There was no way, So of course there's going to
be volatility, of course, you know, an uproar. But I
think he's making things happen. He's not afraid, and he's
working every single minute of every day. That's obvious.

Speaker 6 (08:40):
So this is the cakewalk of Donald Trump, ladies and gentlemen,
who we have about three years left.

Speaker 4 (08:47):
I want to wish everyone a wonderful rest of the
weekend and do keep us on your dial. Coming up next,
Mike Ducett and Greg Workman will be talking about how
to weather stock market volatility, especially when you're in or
near retirement. You'll want to hear their strategies for staying calm, balanced,
and confident even when headlines feel overwhelming. Mary, Madeline Kelly

(09:12):
and Greg Murray will join us to explore how artificial
intelligence is reshaping our financial lives, from smarter budgeting tools
to investment strategies that adapt in real time. And later
in the show, I'll be back with my co host
John Boudris.

Speaker 7 (09:30):
We'll be diving into a most.

Speaker 4 (09:32):
Important topic, the retirement conversations you need to have with
your family, from kids and caregiving to your legacy and
estate plans. These are the moments that matter and the
planning that gives everyone peace of mind. And of course
we'll hear a little wit and wisdom from Bill Kelly.
Do stay with us, We've got a full show ahead.

Speaker 7 (09:54):
William, thank you for chatting with me this morning.

Speaker 4 (09:57):
I love you.

Speaker 7 (09:57):
Honey, love you.

Speaker 6 (09:58):
Too, and wow, we have a pretty low to show
today a good one too. We have John Boudris, We
have five key advice, family advice, and financial handling and volatility.

Speaker 5 (10:09):
Volatility, yes, ma'am. And last but not least, a little
bit of wisdom from Dad. I can never go wrong.

Speaker 4 (10:14):
I know.

Speaker 7 (10:15):
I love that. I love that part of our show.

Speaker 5 (10:17):
His wisdom is pretty eternal.

Speaker 7 (10:19):
It is is one way we can honor him.

Speaker 5 (10:22):
Agreed.

Speaker 7 (10:22):
And our listeners love heringing.

Speaker 5 (10:24):
Who doesn't.

Speaker 6 (10:25):
I need plenty of footage, ladies and gentlemen. That's about
twenty years worth of so love you too, and I
look forward to next week.

Speaker 7 (10:33):
Yes do I.

Speaker 2 (10:42):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly, who today tests time time.

Speaker 9 (10:53):
You don't have as much left today as you had yesterday.
It's the rule of science. When's the best time to
plant a tree twenty years ago? When's the second best
time to plant a tree? Tomorrow? Today? Whenever you can
get to it, that's the next best time.

Speaker 2 (11:08):
There's no time like the present to begin saving, planning,
and enjoying. Retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and retirement well lived.
Go to Kelly Financial dot org or call eight eight

(11:29):
eight eight hundred eighteen eighty one to spend some time
with one of our financial advisors.

Speaker 9 (11:34):
Time, ladies and gentlemen, it's not too late.

Speaker 2 (11:37):
We are Kelly Financial. Come retire with us.

Speaker 3 (11:42):
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 2 (11:54):
Come retire with us.

Speaker 10 (11:56):
Okay, my friends, let me tell you about Kelly Financial Services.
Building wealth isn't easy. It takes grit, brains years of
hard work. But keeping that wealth that's a whole different ballgame.

Speaker 2 (12:07):
Baby.

Speaker 10 (12:08):
You need a real strategy. Wealth preservation isn't just for
millionaires or billionaires. It's for smart business owners, retirees, investors,
people just like you who want their money to last
longer than they do. And that's where Kelly Financial comes in.
They specialize in helping people just like you. So take
the first step toward preserving the wealth you've worked so

(12:28):
hard to earn. Get your free investor guide Five retirement
planning missteps to dodge.

Speaker 8 (12:34):
The guide will show you how.

Speaker 10 (12:36):
To avoid critical errors like underestimating inflation, overlooking future health
and long term care costs, and hidden ways the taxman
takes more of your hard earned wealth. So called eighty
eighty eight hundred eighteen eighty one. Eighty eighty eight eight
hundred eighteen eighty one or email Kelly at Kelly Financial
dot org Kelly at Kelly Financial dot org.

Speaker 1 (12:58):
Good morning, you are listening to Safe Money Strategies. My
name is Mike Tussett, Chief operating Officer at Kelly Financial Services.
I am joined once again by one of the trusted
financial advisors on our team, Greg Workman.

Speaker 11 (13:10):
Good morning, Greg, Good morning, Mike. Great to be here
with you and our listeners.

Speaker 1 (13:15):
Today we're diving into the roller coaster ride that was
April for the stock market, from surprising economic data to
shifting investor sentiment. Volatility was the name of the game.
Will break down how their major indices fared, what moved,
what didn't, and what it could mean for your portfolio.
But it's not all short term turbulence. We'll also pivot

(13:35):
to the long game sharing some smart, time tested retirement
planning strategies to help you stay on track no matter
what the market throws your way.

Speaker 11 (13:43):
If you've had money invested in the stock market since
twenty twenty, you know all too well about market volatility.

Speaker 8 (13:50):
In today's show, we will tell you three.

Speaker 11 (13:53):
Of the critical questions you must ask yourself before you
make any investment that involves your retirements. While these questions
are simple, they can be extremely powerful when it comes
to preserving your heart earned retirement savings from stock market volatility.

Speaker 1 (14:11):
Stock market downturns are both frightening and inevitable. One of
the best things you can do to be prepared to
whether a down market is to have a financial plan
already in place. If you don't have a plan, or
if you are concerned that your current plan and investment
strategy might not have you on the path to retirement confidence,
we invite you to schedule time to come in and

(14:33):
sit down with our team here at Kelly Financial and
allow us to review your situation. Call us at eight
eight eight eight hundred eighteen eighty one. Again that number
is eight eight eight eight hundred eighteen eighty one. You
can also visit us on the web at Kelly Financial
dot org.

Speaker 11 (14:50):
The more volatile the stock market becomes, the more natural
it can be to question if it is even a
good idea to invest in stocks. The answer is yes,
Owning stocks can be important for achieving long term objectives,
but only when done in a way that helps manage
the risks of the inevitable market downturns.

Speaker 7 (15:12):
Before we cover.

Speaker 1 (15:13):
Those three critical questions you must ask yourself before making
any investment decision. Greg please give our listeners a thirty
thousand foot view of what factors contributed to April's market volatility.

Speaker 11 (15:26):
In April, Wall Street generally ebbed and flowed in response
to uncertainty over US trade policy and the impact of tariffs.
April got off to a very rocky start, as the
stock market endured its worst week since the COVID pandemic.
Investors moved away from risk following the announcement of President

(15:49):
Trump's sweeping tariff policy, particularly those tariffs aimed at China
and that country's immediate retaliatory response, which raised fear of
rising inflation and global economic recession.

Speaker 1 (16:04):
If I remember correctly, Wall Street then rebounded the following
week after President Trump announced a ninety day pause on
many of his new tariffs.

Speaker 11 (16:13):
It did, but then investors were hit with President Trump's
threat to fire Federal Reserve Chair Jerome Powell, which resulted
in yet another negative.

Speaker 8 (16:23):
Week for the markets.

Speaker 11 (16:25):
Toward the end of the month of April, Wall Street
settled into a wait and see mode, which resulted in
moderate gains as investors remained alert to further developments on
the trade front. However, contraction of the US economy for
the first time in three years drove stocks mostly lower
to close out the month. The market sectors ended April mixed,

(16:49):
with consumer staples and information technology outperforming, while energy, financials,
real estate, materials, and healthcare all declined. Despite the volatility
in the stock market, data has shown the economy to
be somewhat resilient so far this year. However, trade wars

(17:10):
could impact the global economy, which could curtail economic growth
moving forward.

Speaker 1 (17:17):
Wall Street has some pretty standard advice that is blasted
all over the news anytime there is extreme volatility. You've
heard it before. It's trust and diversification. Don't have all
your eggs in one basket. As long as your money
is spread between different acid classes like stocks and bonds,
just sit tight. Right out the storm and everything will
be okay, right well.

Speaker 11 (17:38):
The problem with that advice is it might be useless
or perhaps even dangerous, depending upon a person's proximity to retirement.
By all means, if you are ten or more years
away from retirement, this advice can be followed. But I'll
give you two conditions if both were to apply to you,

(17:58):
I suggest that you be care careful when dealing with
market volatility. This advice is directed to you if you
are retired or you will soon be retired, and if
you will need some of the money you have invested
in the market to pay monthly bills and meet essential
living expenses.

Speaker 1 (18:17):
If all or most of your retirement income is tied
to the ups and downs of the stock market, it
may be difficult or even impossible to follow the advice
that says you need to stay the course and not
sell shares when the market is down. This advice ignores
the dilemma that more shares need to be sold when
prices are depressed in order to generate the same income.

(18:38):
Once those shares have been sold and are no longer
in the investor's portfolio, they can never benefit from a
future upcycle.

Speaker 11 (18:45):
This leaves an investor in a situation with only two alternatives.
One is to hunker down during periods of stock market
decline and spend as little money as possible in order
to avoid selling shares at depressed prices.

Speaker 8 (19:00):
The problem is that you only have a limited number.

Speaker 11 (19:02):
Of years when you can really enjoy your retirement, and
it can be hard to have fun if you don't
have confidence you need to spend your savings. The other
alternative is to continue to spend and hope for the best.
This may sound somewhat irresponsible, but there might not be
another good choice, considering that groceries have to be bought,

(19:23):
bills have.

Speaker 8 (19:24):
To be paid.

Speaker 11 (19:25):
The ultimate problem with this is that if the best
doesn't happen, a person could run into the risk of
possibly outliving his or her savings.

Speaker 7 (19:35):
It's time for us to take a break.

Speaker 1 (19:37):
Please stay tuned and join us later in the show,
when Greg and I will share three simple but important
questions all investors should ask themselves before making any investment decisions.

Speaker 7 (19:47):
We'll talk to you soon.

Speaker 3 (19:50):
Kelly Financial Services eight eight hundred eighteen eighty one.

Speaker 1 (19:55):
I believe that this nation should commit it so achieving
the goal ending a man on the Moon and returning
him safely to the Earth.

Speaker 2 (20:04):
Six five four three two one zero, All engine run.

Speaker 3 (20:12):
What's what's got to follow?

Speaker 12 (20:14):
Level?

Speaker 2 (20:15):
Remember those Apollo Moon missions one of America's greatest adventures
and achievements too. The nation set a goal and then
realized it. What are your goals? At Kelly Financial Services,
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach

(20:35):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kelly Financial dot org. Where do
you want to land with the Tankualitybavior? We are Kelly
Financial Services. Come retire with us.

Speaker 3 (20:55):
The Money Wrap with Kelly Financial Advisors, Greg Murray and
Malin Kelly.

Speaker 9 (21:01):
Good morning.

Speaker 12 (21:02):
This is Greg Murray, Senior vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our wealth advisors. How are you
doing today?

Speaker 13 (21:11):
Good morning, Greg, I am doing great. Thanks for asking.
We celebrated a wonderful Mother's Day this past weekend. Did
you take a trip up to your mom?

Speaker 12 (21:20):
Absolutely? My brother and I took our mom to see
Devo at the MGM Theater in Boston and then took
her out on Sunday for a nice lunch. I hope
you did something nice.

Speaker 7 (21:28):
For your mother. That's great.

Speaker 8 (21:30):
Yeah.

Speaker 13 (21:31):
My mom's request was that we participate in potting flowers
in the backyard, so my day was spent doing much
manual labor. I am excited to delve in today's topic,
how artificial intelligence is reshaping our financial lives. AI is
no longer just a buzzword. It's becoming part of how
we manage money. From budgeting apps to investment strategies, AI

(21:52):
is making its mark.

Speaker 12 (21:53):
It sure is AI isn't just for tech companies or
Silicon Valley anymore. From helping people set a budget to
automating and investments, AI is showing up in very real
ways in our day to day financial lives.

Speaker 7 (22:05):
Let's start with budgeting.

Speaker 13 (22:06):
Many clients now use AI power tools like rocket Money
or ynab. These apps go beyond simple spreadsheets. They can
detect trends in your spending, send alerts when bills are
higher than usual, or even flag duplicate subscriptions.

Speaker 12 (22:21):
Yes, and for clients with complex expenses, especially in retirement,
that type of proactive tracking is incredibly helpful. It's like
having a digital assistant keeping you accountable in the background, and.

Speaker 7 (22:31):
That naturally brings us to investing.

Speaker 13 (22:34):
Robo advisors are one of the most well known uses
of AI in finance. Platforms like Betterment or well Front
can design entire portfolios for people using AI driven algorithms
that adjust over time.

Speaker 12 (22:47):
And what's interesting is that AI can manage rebalancing, tax
loss harvesting, and even adjust allocations during volatility, all without
emotional decision making. That's something we talk about a lot,
how emotions can derail a solid financial plan.

Speaker 13 (23:00):
But what's powerful is when you combine AI's data processing
strength with human advice. At our firm, we're using tools
that analyze retirement, income needs, inflation scenarios, longevity projections.

Speaker 7 (23:12):
You name it.

Speaker 13 (23:13):
Then we work with clients to interpret what that means for.

Speaker 7 (23:16):
Their specific goals exactly.

Speaker 12 (23:18):
One of my clients recently asked if AI could replace
us as advisors, and I said, it's a powerful enhancement,
not a replacement. AI can run numbers faster than we
could ever, but it can't factor in your feelings about money,
your values, your dreams about your future.

Speaker 7 (23:32):
Well said.

Speaker 13 (23:33):
For example, when a couple is planning their legacy, AI
might suggest the most tax efficient way to get but
it won't understand their desire to leave money to a
grandchild with special needs or to fund a scholarship in
their family name.

Speaker 12 (23:46):
Another area where AI is really impressive is fraud detection.
Banks and credit card companies are using AI to scan
millions of transactions in real time.

Speaker 7 (23:54):
It learns what's normal for you and flags one somethings off.

Speaker 13 (23:58):
That saved a lot of people from major financial headaches.
Same goes for AI driven customer service. Chatbots can help
answer simple questions twenty four to seven, like account balances
or payment due dates, so human reps can handle the
more emotional or complex issues.

Speaker 12 (24:14):
And let's not forget how AI is helping behind the
scenes too. As advisors, we now have access to portfolio analytics,
risk modeling, and market data tools that would have taken
a whole team years ago.

Speaker 13 (24:25):
That's allowed us to spend more time with clients and
less time crunching numbers.

Speaker 7 (24:29):
The result more meaningful planning conversations.

Speaker 12 (24:32):
So how can listeners make use of AI in their
own financial lives?

Speaker 7 (24:35):
A though feeling overwhelmed, start small.

Speaker 13 (24:38):
Try a budgeting app or an investment platform with AI features.
If you're unsure how it fits into your bigger picture,
talk to an advisor. We can help ensure you're not
just using tech for tech's sake, but using it to
strengthen your financial foundation.

Speaker 12 (24:52):
AI is a tool, but your vision and value still
drive the plan, and we're here to bridge that gap
between data in real life.

Speaker 13 (24:59):
That's a great way to put whether it's planning for retirement,
optimizing investments, or just getting a better handle on spending.
AI has a role to play, but the conversation always
starts with you.

Speaker 7 (25:10):
That is the most important.

Speaker 13 (25:11):
Absolutely, well, Greg, I will let you enjoy the rest
of your weekend and I'll see you next week.

Speaker 7 (25:16):
Absolutely, have a great weekend.

Speaker 3 (25:19):
To get in touch with Greg Murray or Mary, Madeline Kelly,
or any member of the Kelly Financial team, call A
eight eight hundred eighteen eight one.

Speaker 2 (25:31):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from
the fiction.

Speaker 9 (25:42):
You can always make money if you haven't if you
lose it all. It's very difficult to do that, So
you have to have a plan. If the market goes
up quite a bit or down quite a bit, you
have to be ready. And how do you sort fact
from fiction?

Speaker 2 (25:56):
Download Kelly Financial's Consumer Guide, simply called the Value of
an objective Opinion. With so much at stake with your
retirement future, you don't just want any financial advice, but
objective financial advice, and as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org

(26:18):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 9 (26:23):
Ladies and gentlemen sort fact from fiction.

Speaker 2 (26:25):
We are Kelly Financial Services. Come retire with.

Speaker 3 (26:29):
Us Safe Money Strategies with John Budris and Kelly Kelly.
Call the team on eight eight eight hundred, eighteen eighty
one Again, care.

Speaker 2 (26:42):
And we are indeed back. I'm John Budris, the co
host of Safe Money Strategies. It as always thanks for
joining me this morning.

Speaker 5 (26:49):
Well.

Speaker 2 (26:49):
From inflation, market uncertainty and questions about the future of
Social Security and Medicare which we are seeing every day now,
to rising healthcare and long term care costs, that's a
big one, believe me. Planning for retirement, It's not just
about your portfolio anymore. It's about protecting your family and

(27:11):
legacy from chaos, not just now but down the road.
So as you start planning, expect to have critical conversations
with the people you love. Retirees have people in their
lives that matter. A spouse, a boss, perhaps, adult children
whill want need to be included in these discussions so

(27:32):
everyone can be prepared for the future, because, believe me,
the future comes pretty darn fast. So with me today
is Kelly Kelly, the CEO of Kelly Financial Services. She
and her team of advisors have helped many families plan
their retirement with clarity and with confidence. Kelly, good morning

(27:54):
and is always welcome.

Speaker 4 (27:56):
Good morning, John, happy to be here with you on
this Saturday morning.

Speaker 2 (28:00):
Okay, let's start with spouses. It sounds simple, but isn't
it surprising how many couples really never sit down and
align on what they want their retirement to look like.
So what's your take?

Speaker 7 (28:14):
Well, John, we say it all the time.

Speaker 4 (28:16):
Retirement is a major life transition, and it's easy to
assume that their spouse shares their vision. But we've worked
with plenty of couples where one person imagines traveling the
world while the other is picturing port swings and grandchildren.
It's important to have conversations about lifestyle, about spending, habits,

(28:37):
and even how much time they'll spend together. It's all
about expectations, so set them early.

Speaker 2 (28:45):
Are there red flags if couples haven't had the talk.

Speaker 4 (28:50):
Sometimes we'll hear things like, well he'll probably play more golf,
or she said something about Italy ones, but we all
know so that is not a plan at all. Clear
goals and a shared roadmap are essential, especially when it
comes to budgeting big ticket items and making housing decisions.

Speaker 2 (29:14):
How often, Kelly should couples revisit those talks?

Speaker 4 (29:18):
John I would say at least annually. That's because retirement
isn't static. Health changes, markets change, a grandchild moves across
the country.

Speaker 2 (29:30):
They need to adapt, So let's bring it closer to home. Literally,
talking to a spouse about down sizing can stir up well,
suffice it to say, lots of emotion. How should couples
approach that?

Speaker 4 (29:45):
Start by talking about lifestyle, not logistics. Ask what kind
of retirement do we want? If travel, then less maintenance,
financial flexibility are important. And downside may naturally emerge as
the solution.

Speaker 2 (30:03):
What if one partner is emotionally attached to the family home.

Speaker 7 (30:08):
That's very common.

Speaker 4 (30:10):
Acknowledge the attachment before bringing up the practicality when sharing concerns,
do so very gently. The conversation could steer toward, say,
rising property taxes, or maybe home maintenance cost or safety,
but make it a shared decision, not a financial ultimatum.

Speaker 2 (30:31):
Should couples run the numbers before the conversation.

Speaker 7 (30:34):
John, Yes, and no.

Speaker 4 (30:36):
It helps to understand the financial implications, but don't lead
with numbers. Definitely, do not lead with numbers. Leading with
shared goals is better. Then, when it makes sense, bring
in data to show how downsizing supports those goals.

Speaker 2 (30:53):
Okay, Kelly, let's pivot a little. We're in twenty twenty
five with an aging population when it comes to government programs,
an overburdened Medicare system and Social Security with many questions.
So what should retirees be talking about with respect to
these two, Well, let's just call it icons.

Speaker 4 (31:15):
It is true that these programs are all under stress.

Speaker 7 (31:19):
Medicare may not cover everything they.

Speaker 4 (31:22):
Assume it does, and social Security may be insufficient on
its own That's why it's so crucial that after they
talk to their spouse and family, they bring their financial
advisor into the conversation. They can help explain supplemental coverage,
review personal savings, and explain what happens if the system changes.

(31:46):
Is critical to build a safety net, but then make
sure their family understand how it's structured.

Speaker 2 (31:54):
A financial advisor can really help with this.

Speaker 4 (31:57):
Oh absolutely they can. At Kelly Financial, we bring clarity
and objectivity. We can model the savings, the impact on
cash flow, and help compare options without the emotion clouding
the decisions.

Speaker 2 (32:13):
When people don't know where to begin. Advisors can also
help with starting these critical conversations right.

Speaker 4 (32:20):
Absolutely, John, A good advisor is more than a numbers person.
Our Kelly advisors are conversation facilitators. They help families open
the lines of communication in a safe, structured way so
people feel heard and prepared.

Speaker 2 (32:38):
We should point out that this is not a one
time talk.

Speaker 4 (32:43):
John, That is correct. It's definitely not a one time talk.
Is a series of conversations over time. That's why it's
so valuable to have someone who knows their goals, their
family dynamics, and their financial picture to help guide the
process us.

Speaker 2 (33:00):
As we wrap up this segment, Kelly, what's your message
to our dear listeners who right now haven't started any
of these conversations.

Speaker 4 (33:09):
John, I'd say start very small, pick one person and
one topic. Maybe tell their spouse how they envision retirement.
Maybe ask an adult child if they know what their.

Speaker 7 (33:23):
Medical directives are.

Speaker 4 (33:25):
These conversations are not just financial, their acts of love
and they'll protect their peace, They'll protect their family and
protect their future.

Speaker 2 (33:35):
That's great advice. What else should our listeners do if
they need more information?

Speaker 4 (33:40):
Our Free Investor guide, The Value of an Objective Opinion
explains the importance of timing of income planning and how
an independent financial advisor will be an objective voice when
it comes time to have critical conversations.

Speaker 2 (33:56):
This sounds great, Kelly, Thanks so much 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. That's all the
time we have for now, and thanks so much for
joining me. When we come back, we'll cover more critical
conversations about involving adult children without burdening them and how

(34:21):
to close the bank of Mom and Dad and discussing
parental care with siblings and legacy planning. You're listening to
Save Money Strategies, the radio show heard right here on
WRKO and streaming on the iHeart app. We're in our
twentieth year of broadcasting, so thanks for tuning in and

(34:42):
stay tuned. We will be back in a New York minute,
although we're in Boston.

Speaker 3 (34:49):
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 2 (35:00):
Ready to enjoy your golden years without worry that 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

(35:22):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with.

Speaker 3 (35:29):
Us Safe Money Strategy with John Budris and Kelly Kelly.
Call the team on eight eight eight hundred eighteen eighty one.

Speaker 2 (35:38):
Again, character that d and we are back. I'm John Boudris,
the co host of Safe Money Strategies, and thanks for
joining me this morning. Today's episode is one that hits
the heart as much as your wallet. We're diving into
critical retirement conversations to have with your family and your friends. Now,

(36:01):
these are the kinds of talks that many people avoid
because they're just plain hard. Whether it's sitting down with
your adult children to talk about finances, facing the reality
that one day they may become your caretaker, or having
a heartfelt discussion about what you want to leave behind
and to whom and how much all of this really matters.

(36:23):
So let's bring back Kelly Kelly, the CEO of Kelly
Financial Services. We'll be talking about the importance of planning
so that you can stay in control, avoid becoming a
burden later, and to make sure that your wishes are honored. Kelly,
good morning, and welcome.

Speaker 7 (36:40):
Good morning, John.

Speaker 4 (36:42):
Happy to be back with you on this Saturday morning.

Speaker 2 (36:45):
Kelly, we're talking about the conversation's retirees and pre retirees
are having around kitchen tables across America with family and
friends to prepare for this next chapter of life.

Speaker 4 (36:58):
John is always great to be here, especially today when
we are discussing something as personal and as essential as family.

Speaker 2 (37:08):
So let's start talking about adult kids, Kelly. Retirees often
are walking a tightrope when they are thinking about their
adult children. They want to involve them, but they don't
want to be a burden. So how do you strike
that balance?

Speaker 4 (37:24):
Actually, this is one of the most emotional areas. John
Parents worry about becoming a financial or caregiving burden, but
secrecy creates more problems. The key is proactive communication with
their kids and talking about their retirement plan, what they've got,

(37:45):
what they plan for, and what they have not planned for.

Speaker 2 (37:49):
Do their kids need to know everything?

Speaker 4 (37:51):
Not necessarily the full portfolio, but they should know if
their parents have planned for long term care, where the
legal documents are, and whether there's a financial advisor. If
their kids are named as health care proxies or executors,
they'll need to understand those responsibilities too.

Speaker 2 (38:11):
So what's the right tone to strike?

Speaker 4 (38:13):
I'd say, be clear, but not an alarmist. This is
about empowering them with information, but not worrying them. You
could say something like this, I'm sharing this with you
so you're prepared, not because.

Speaker 7 (38:28):
I expect you to fix anything.

Speaker 2 (38:30):
Retirement conversations are tricky, so let's get into a tough one.
Many retirees today are still financially supporting their adult children.
When and how do you close the uh the bank
of mom and dad.

Speaker 4 (38:46):
Start by setting expectations well in advance of retirement. Let
them know that your financial priority is now your own
long term stability. It's not selfish to do this, it's responsible.

Speaker 2 (39:00):
How can parents avoid guilt in this conversation When.

Speaker 4 (39:03):
The conversation is framed as empowerment guilt faides say something
like we've helped you get started, and now we trust
you to carry on your own financial future. Demonstrates love
and trust, not abandonment.

Speaker 2 (39:20):
What about emergencies? Should parents still help out?

Speaker 7 (39:23):
Absolutely? But with boundaries.

Speaker 4 (39:25):
Is wise to set up a separate family support fund,
if possible, one that does not touch retirement savings. That way,
help doesn't become a habit or a retirement risk.

Speaker 2 (39:38):
What would you suggest a retiree say to a child
who doesn't understand the pressure that their retired parents face.

Speaker 7 (39:47):
It's very important to educate them.

Speaker 4 (39:50):
Talk about rising health care cost, longevity risk, and how
a financial misstep now could put both generations in jeopardy. Life.
Sometimes facts help where feelings do not.

Speaker 2 (40:04):
All right, let's back it up a little and talk
about the workplace, especially for pre retirees marking the end
of a career. It's not always easy. When should retirees
talk to their boss about retirement plans?

Speaker 4 (40:19):
John is all about timing and transparency. Ideally six to
twelve months before retirement is a very respectful window, giving
an employer time to plan for their exit. It also
allows the retiree to leave on their own terms and
possibly even mentor their successor.

Speaker 2 (40:39):
Okay, let's flip the script. What about when you are
the adult child and your aging parent is the one unprepared?
How do you start that conversation?

Speaker 4 (40:50):
Well, John, gently and respectfully. They may say, hey, mom,
have you and dad thought about what you'd want if
one of you needed k? And honestly, these deeply personal
conversations require emotional intelligence. It's important to include siblings and
other family members early so everyone's on the same page

(41:13):
and no one feels blindsided later.

Speaker 2 (41:16):
What happens if siblings don't agree?

Speaker 7 (41:18):
It happens often.

Speaker 4 (41:19):
That's where a third party like a financial advisor or
elder care mediator can be extremely helpful. They bring objectivity
which takes a lot of pressure off families.

Speaker 2 (41:31):
Well, that sounds very supportive, Kelly.

Speaker 7 (41:34):
It really can be, John.

Speaker 2 (41:36):
All right, let's talk legacy. Some retirees want to leave
a financial gift behind, while others just want to avoid
being a burden. What do you say to.

Speaker 7 (41:46):
That both goals are valid?

Speaker 4 (41:48):
Is quite critical to have clear estate planning conversations. Do
they have a will? Do they have a trust power
of attorney? Who's the beneficiary on their retirement? Of cats?
These are the documents that prevent family conflict later on.

Speaker 2 (42:05):
And what about the all important tax implications that can
have a real impact.

Speaker 7 (42:10):
Good question.

Speaker 4 (42:11):
Without proper planning, their errors could lose a good amount
of assets to taxes. This is where a financial advisor
and estate planning work together to ensure their legacy is protected.

Speaker 2 (42:24):
A financial advisor's role isn't just about numbers and spreadsheets.
This goes much deeper, doesn't.

Speaker 4 (42:31):
It, absolutely, John. When there are serious retirement conversations happening,
a financial advisor can act as a neutral third party,
someone who helps take the pressure off At Kelly Financial
our advisors help retirees look at what's sustainable. Can they
afford to help their kids buy a home? Can they

(42:53):
age in place comfortably? What happens if a long term
care event happens. We bring the facts in the foresight
so our clients can lead the conversation with confidence.

Speaker 2 (43:05):
Sounds like a financial advisor offers an objective opinion during
challenging moments.

Speaker 7 (43:11):
We do. John.

Speaker 4 (43:12):
Our Free Investor Guide, The Value of an objective opinion
outlines how an independent financial advisor helps clients work toward
their financial goals.

Speaker 2 (43:23):
With these very useful As always, Kelly, thank you to
get the guide and make a complimentary appointment with a
Kelly Financial Advisor called eighty eight eight eight hundred eighteen
eighty one or email Kelly at Kellyfinancial dot org. That's
all the time we have for now. Thanks so much
for joining me. You're listening to Safe Money Strategies the

(43:44):
radio show heard right here on WRKO and streaming on
the iHeart app. Stay tuned and we will be back
in the moments.

Speaker 4 (43:54):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book Retire your
Fear Plan Your Future explains what a fiduciary is and
will help you understand if an advisor is really putting
you first. For the book, call eight eight eight eight

(44:16):
hundred and eighteen eighty one or email Kelly at Kellifinancial
dot org.

Speaker 7 (44:21):
We're Kelli Financial. Come retire with us. Welcome back.

Speaker 1 (44:26):
I'm Mike d Said, and you are listening to safe
money Strategies. Greg Workman is joining me in studio, as
he typically does each Saturday morning. Before the break, Greg
gave us a recap of April's market volatility. During volatile times,
we recommend that investors ask themselves three critical but rather
simple questions before making any investment decisions. Let's discuss those

(44:48):
questions before we head out for the weekend.

Speaker 11 (44:50):
First, we recommend you ask yourself if there are lower
risk alternatives that can accomplish the same objectives. The financial
world has changed in many ways over the past few years.
One big change is the overall increase in interest rates.

Speaker 8 (45:08):
Certainly, there's a negative.

Speaker 11 (45:09):
Side to this in the form of higher cost for
consumer loans and debt, but there is also a more
positive potential. Today, consumers can find financial instruments that can
benefit from higher rates while at the same time preserving
principle from stock market losses. Second, consider how much of
your money you can afford to lose. By this, I

(45:31):
mean really spend some time thinking about and visualizing how
you might truly feel in your gut about losing some
of your nest egg. And Lastly, but perhaps the most important,
is to think about how any losses might impact your
ability to pay your essential living expenses not just tomorrow,

(45:53):
but year after year for the rest of your life.
The last thing you want to do is lose money
that you might need to keep yourself out of poverty
ten or twenty more years in retirement.

Speaker 1 (46:05):
Most brokers and advisors have unbound confidence in the stock
market's ability to provide great investment returns over the long haul,
and for good reason. Despite all of the periods of
market corrections, bear markets, and cycles of negative returns, the
S and P five hundred has posted average annualized total
returns of approximately ten percent over the past ninety years.

(46:29):
The problem for retirees and those who are close to
retirement is that during this time there have been periods
of significant market declines that have taken years to recover.
You cannot control the ups and downs of the markets,
but there are things you can and should take control
of to enhance your future confidence.

Speaker 11 (46:47):
Your investment time horizon is an important consideration when planning
for retirement. Money needed within the next few years should
be invested more conservatively, but the stock market might be
a great choice for that portion of your savings that
will not be needed for.

Speaker 8 (47:05):
Ten or more years.

Speaker 11 (47:07):
This is because of its potential to generate long term growth,
and this is exactly why it's important to have a
balanced investment strategy that takes into account your investment time
horizon and risk tolerance, as well as your retirement goals
and needs.

Speaker 1 (47:25):
Controlling investment fees should also be a key part of
retirement planning, but unfortunately it's often ignored.

Speaker 7 (47:32):
By reducing fees, you.

Speaker 1 (47:33):
Keep more of your hard earned money in your investment portfolio,
which can help you grow your retirement savings over time.
In contrast, high investment fees can erode your savings, leaving
you with less money in retirement.

Speaker 11 (47:45):
Managing future taxes is also another essential component of retirement planning,
but like managing fees, tax planning is often ignored. By
proactively managing your future tax liability. You can optimize your
retirement income and maintain financial stability in retirement, but to
benefit you need to distinguish between the difference of tax

(48:10):
preparation versus tax planning. This can help you when it
comes to seeking the assistance of the appropriate advisor for
developing a tax efficient strategy that works best for you
in retirement.

Speaker 1 (48:23):
Most of all, you need to take control over what
might be the most important part of securing your financial future,
which is developing a written retirement income plan. Such a
plan provides a roadmap for how you will fund your
lifestyle and retirement and can help you make informed decisions
about your investments, spending, and savings. What I am talking
about is a concise document that is clear and easy

(48:46):
to understand, that tells you four simple things. First, when
your retirement paychecks are going to start. Second, exactly which
part of your retirement assets those paychecks are going to
come from. Third you how they will grow over time
and keep pace with inflation. And finally, and perhaps its
greatest value, it gives you a realistic idea as to

(49:08):
how long those paychecks are going to last. It's a
simple two to three page document that lays out all
of this and laying whage you can easily understand.

Speaker 11 (49:18):
Before you let any more time go by, it may
be a good idea to stop and ask yourself if
you've got a retirement income plan that can allow you
to enjoy your retirement regardless of the challenges that lie ahead.
If you're not sure, do yourself a favor and call
us today to schedule your complementary consultation.

Speaker 8 (49:39):
With our team.

Speaker 11 (49:41):
You can reach us at eight eight eight eight hundred
eighteen eighty one. Again that number is eight eight eight
eight hundred eighteen eighty one. Do not procrastinate, call in,
schedule your appointment and let us walk you through our
complete retirement review and announ with that.

Speaker 8 (50:01):
I'm Greg Workman, and.

Speaker 1 (50:02):
I Mike you said join us next week for more
safe money strategies.

Speaker 10 (50:11):
Joining us now, as she always does at this time,
she is the co founder, president CEO of Kelly Financial Services.
And yes, that is her incredibly wonderful name, Kelly Kelly Kelly, how.

Speaker 5 (50:29):
Are you, Good morning, Jeff?

Speaker 4 (50:32):
I am good. Retirement should feel like freedom, not fear,
and real retirement planning isn't just about savings, It's about strategy.
That's where a fiduciary financial advisor makes.

Speaker 5 (50:46):
All the difference.

Speaker 4 (50:47):
At Kelly Financial, our advisors walk you through a retirement
income checklist that covers everything from rising healthcare costs and
inflation protection to smart tax moves and income that lasts.
As fiduciaries, our advisors are legally and ethically obligated to
put your best interest first. That means helping you answer

(51:10):
the tough questions like how to avoid running out of
money or what happens if your spouse outlives you. Give
us a call or email us at Kelly at Kellyfinancial
dot org to schedule your complimentary appointment, or go to
our website for the radio rewind Jeff, have a wonderful weekend,
My best, Grace and the kiddos.

Speaker 10 (51:30):
Thank you so much, Kelly, All the best to you
and everyone at Kelly Financial. Okay for a free consultation
call eight eight eight eight hundred eighteen eighty one eight
eight eight eight hundred eighteen eighty one, or if you prefer,
you can actually email Kelly yourself Kelly at Kellyfinancial dot org.

(51:52):
That's Kelly at Kelly Financial dot org.

Speaker 3 (52:01):
Safe Money Strategies eight eight eight hundred one eight eight
one Now.

Speaker 9 (52:08):
I've described my paper route to you, but I didn't
describe the lessons. Now, I said everything I needed to
know in life I learned on my paper route. The
first thing I did to have it was I paid
Lionel Peabody fourteen dollars.

Speaker 2 (52:23):
I believe.

Speaker 9 (52:24):
I later sold the paper route for thirty four dollars.
I believe so investing in yourself. Investing in a business
could make money if you take care of it and
grow it, or at least maintain it. Next was I
had to be diligent every day at three point thirty

(52:45):
for three and a half years, I showed up on
a country lane. A man drove by and threw bundles
of papers at me from a white daily news van,
And even though I thought he was trying to hit
me most of the time, basically I had to be there.
What's the rule? Show up, ladies and gentlemen. Now you

(53:05):
have to know how to handle money. In order to
run a successful paper rout. You have to pay your bills.
That's another lesson. Another thing that we learned from that
was accuracy for a nine year old child, ten year
old child. That's a big lesson. Many a day I
had to ride my bicycle into the city and back
out to the country to pay my bill. Now I

(53:30):
was thinking about that paper root money. I never really
saw it. I used to be able to keep a
buck seventy five eighty five cents of that money. But
really that money went into the general fund of the
Kelly family at the bailey Brook Farm, and every Friday
night my grandfather would help me to collect up the money,

(53:52):
count it, arrange it. When I was married, when we
were leaving the reception hall, he grabbed me by the sleeve.
He said, come here, and he pulled out a passbook
and he handed me the passbook and there was over
twelve thousand dollars in the past book. I said, what's this.
He said, it's your paper money, and he said I

(54:13):
put a little bit in there myself too. I just
want to let you know I saved as much of
it as I could for you and good luck. There
are lessons to be learned, and that was probably the
longest running lesson, is that if you save your money,
someday it'll come in pretty dog on handy, right, ladies

(54:35):
and gentlemen. So those were the lessons showing up investing
in yourself maintaining what you have, making it more valuable,
saving for the long term, and those are lessons that
we can take advantage of today. Ladies and gentlemen. We
have a lot of families that come in to do

(54:56):
just that, and we want to make sure that we
help those people to the best of our ability at
all times. We're not one hundred percent right one hundred
percent of the time, but we have a pretty good
dog on good track record. Ladies and gentlemen, we'll.

Speaker 3 (55:14):
Call Kelly Financial Services eight eight eight eight hundred eighteen
eighty one.

Speaker 7 (55:19):
I'm Kelly Kelly from Kelly Financial. Whether you're in.

Speaker 4 (55:22):
Your sixties, seventies, or eighties, financial advice is important when
it comes to preserving your nest egg. We have a
free investor guide called designing your Fiscal House to Weather
the Elements, which highlights the steps needed to build a
balance portfolio. For the guide, call eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

Speaker 7 (55:46):
We're Kelly Financial. Come retire with us.

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

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

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

(56:41):
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.
All opinions expres estify the host, his guests or employees
of Kelly Financial Services are solely their own and do

(57:03):
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. 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, Kelley has

(57:25):
waived the host's advisory f BEE in full. 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.