Kelly Financial: Saturday, May 2, 2026

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Episode Transcript

Speaker 1 (00:12):
It is coming to so ladies and gentlemen, welcome to
Safe Money Strategies on WRKO. I'm William Kelly and it's
an honor to carry on a family legacy rooted in
real world values.

Speaker 2 (00:29):
And practical advice.

Speaker 1 (00:31):
Kelly Financial was founded in two thousand and three by
my parents, my late father Bill Kelly and my mother
Kelly Kelly and Braintree and Burlington, Massachusetts. Just two years later,
Dad launched Safe Money Strategies on WRKO as a no
nonsense callin radio show focused on common sense planning and
protecting wealth. Over the past two decades, Dad became a

(00:51):
pillar in New England finance, an engineer, turn entrepreneur, author
and philanthropist who believed in giving back and walking the talk.
Since our show has remained a Saturday morning staple, offering
insight and empowerment. Here at Kelly Financial, we help steward
over eight hundred million dollars across our affiliated business, including
more than six hundred million dollars managed by our sec

(01:14):
registered investment advisory or fiduciary care, and our family first
philosophy guides us on safe money strategies. You'll hear candid
conversations with the team my mother Kelly, myself, advisors Charlie Gable,
Mike Ducet, Greg Workman, Greg Murray, my sister Mary, Madeline,
Tom Schleger, and Josh Smith. We live by two rules,

(01:35):
never quit and carry on, and we're here to help
you do the same when it comes to your money.
Stick around, take notes, and join the conversation. To learn more,
or get our free guides or schedule a consultation, visit
Kellyfinancial dot org or call us at eighty eight eight
eight hundred one eight eight one.

Speaker 2 (01:51):
This is Safe Money Strategies.

Speaker 1 (01:53):
Next up Forever Young with Kelly Kelly and myself, William
Kelly Junior.

Speaker 3 (02:02):
Safe Money Strategies with William Kelly and Kelly Kelly eight
hundred eighteen eighty one.

Speaker 4 (02:13):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Young
is where I sit down with my handsome son, William
Kelly Junior, and we talk about life, what's going on

(02:33):
in the world, in our family, and what really matters
most when you're planning for the future, sometimes as light,
sometimes as thoughtful, but it's always real.

Speaker 5 (02:43):
Good morning William, Good morning Mom.

Speaker 2 (02:45):
How are you.

Speaker 4 (02:46):
I'm doing great. How about yourself.

Speaker 2 (02:48):
I've been fantastic.

Speaker 1 (02:49):
School has been treating me very well, and I have
a very important presentation coming up. Believe it or not,
you do, yes, I do for microeconomics.

Speaker 5 (02:58):
That's exciting, So tell us all about it.

Speaker 1 (03:00):
So every single semester, the microeconomics class and the macroeconomics
class have a competition.

Speaker 2 (03:06):
At the end of each semester.

Speaker 1 (03:08):
Basically, you're assigned to a group of random people and
you and your group have to take on an SDG challenge,
which is like the SDG goals or the Sustainable Development
Goals that the UN came up with, and you have
to find a solution to a problem in a specific country,
or in a specific industry or any above any kind

(03:29):
of sort of thing. And what we chose was we
chose SDG seven, and we chose which is clean and
reliable energy that's affordable. And we came up with the
solution to the problem, which is the AI energy crisis,
and the solution is nuclear energy. And so we made
an eight minute presentation basically laying out the economics, the long.

Speaker 2 (03:51):
Term impact, the short term impact, the trade.

Speaker 1 (03:54):
Offs, the externalities, pretty much every microeconomic concept that we
could shove in there. We use that to provide a
reason of why nuclear is a great idea good.

Speaker 4 (04:04):
So I'm thinking back when you began this project with
this group, and you there were some stumbling blocks.

Speaker 5 (04:13):
I think, some hesitation.

Speaker 4 (04:17):
That's the story I want to hear, like what happened
throughout this journey.

Speaker 5 (04:22):
Our listeners have heard portions.

Speaker 4 (04:25):
And I think when you were frustrated, remember I was.

Speaker 1 (04:29):
It's interesting, I guess we're going to be talking about
drama today instead of the economicticular power plant.

Speaker 2 (04:35):
So I think we'll shift over.

Speaker 4 (04:37):
Well, I think William, the interesting thing is you started
out doing everything and you were very frustrated, but extremely.

Speaker 5 (04:48):
A change came about.

Speaker 1 (04:50):
They would not they would not respond to anything until
the last minute. They couldn't make meetings, they couldn't do work,
and I definitely did my best to try to shift
response abilities until the very end. Everybody showed up, everybody
did their part, and everybody did a good job. On
presentation day and we won in our class. I thought,

(05:11):
surely we were going to get we were going to lose.
I thought we would get smoked, and all of a
sudden they were stumbling yesterday, here they are speaking perfectly.

Speaker 2 (05:22):
I couldn't believe it.

Speaker 5 (05:25):
In shock, amazing, will Rina.

Speaker 1 (05:27):
I still had to do a lot of the work, though,
but I honestly don't care because they did such a
good job. And now since we won, and now that
we have this competition coming up, I'm feeling a lot
more confident. I don't know if we're gonna win or not. Frankly,
I don't really care that much. We get a certificate
for going to the competition anyway, just in general, and

(05:48):
it'll be good just seeing.

Speaker 2 (05:49):
Other presentations, So I look forward to that.

Speaker 4 (05:51):
Good, good, Well, I'm glad that it worked out, and
I take it you will get a great, very good grade.

Speaker 2 (05:59):
Correct, yes, ma'am. Yeah, I actually got be a great backer.

Speaker 4 (06:03):
Got in ninety five excellent, William, That is fabulous.

Speaker 2 (06:07):
Oh yeah, very happy.

Speaker 1 (06:09):
It took a lot of work, definitely a lot of stress.

Speaker 2 (06:10):
But believe or not, we have a final after this.
I can't believe it.

Speaker 1 (06:13):
But you know what, He's given us a lot of
extra credit. We got five extra credit points for winning.
We got extra credit points for doing a podcast assignment
where we had to do a podcast. We laughed way
too much. We couldn't take it seriously. It was so funny, but.

Speaker 2 (06:30):
It was nice.

Speaker 1 (06:31):
I gotta say, at the end of the day, I'm
not mad, nor do I care, because they all pulled
through eventually, and in life, you're gonna I could have
had a way worse team, and you're gonna face adversity,
and you know, I just hope I don't have to
work with them in a corporate environment, you know what
I'm saying. But even then, I think it'd be fine.

(06:52):
I think they would take it more seriously. And I
think just we all procrastinate to some degree.

Speaker 2 (06:58):
I think majority of us. Some people don't, but I
think that's just where their head was at.

Speaker 1 (07:03):
And they did everything they were supposed to last minute.
So at the end of the day, I have no
complaints with them.

Speaker 5 (07:08):
So, yeah, well all's good exactly.

Speaker 4 (07:13):
Yeah, Well, you know what, you didn't give up, nor
did they, so so I'm glad to hear all of this.

Speaker 5 (07:20):
And I took you guys win me too.

Speaker 1 (07:22):
That would be a sacd time, that would be quite awesome.
I think they want to win. I think I want
to win as well, but if we don't, we're not
going to be too butt hurt about it. But we
get an additional five extra credit points if.

Speaker 2 (07:34):
We win again.

Speaker 4 (07:35):
Okay, that was my next question. Do you do you
receive more points?

Speaker 2 (07:39):
Yes, we do, so there's certainly an incentive to try.

Speaker 4 (07:41):
Wow. And and how many how many groups are you
competing with?

Speaker 2 (07:45):
I can't remember, but I think ten total. Wow.

Speaker 5 (07:48):
Okay, we'll see. Okay, well I can't wait to hear
me too.

Speaker 2 (07:53):
We'll find out absolutely.

Speaker 5 (07:55):
So what else you got going on?

Speaker 1 (07:56):
Finals are coming around? I have another presentation coming up
in business one hundred and a business plan that I
have to write. I'm just excited to go home and
just study for a week or two and just be
done with school.

Speaker 5 (08:09):
I can't believe you'll be home.

Speaker 2 (08:11):
I know it. Move out. It's gonna be tough. I
already know that.

Speaker 4 (08:14):
Yeah, you only have what like maybe fifteen days or.

Speaker 1 (08:18):
So, that's correct, Yeah, something like that until May twelfth,
pretty much.

Speaker 4 (08:23):
Oh, and then you have Ashton's confirmation right two days after.

Speaker 5 (08:29):
I know he's getting excited.

Speaker 2 (08:30):
I know I would be excited too. That is a
huge deal.

Speaker 1 (08:33):
That is a big part, and it's really kind of
your final step. Why your marriage is your final step,
but you know it's still it's a great thing to see.
It's like you're finally an adult now.

Speaker 2 (08:45):
Almost in a way.

Speaker 1 (08:46):
It's kind of like the Catholic bar Mitzvah, you know.

Speaker 5 (08:50):
I know.

Speaker 2 (08:50):
So I'm very proud of him.

Speaker 5 (08:52):
I remember your confirmation.

Speaker 1 (08:54):
Yeah, that was a good time. I'm still good friends
with my sponsor. I took on Grandpa Murphy's grandfather, Timothy.
I took that as my saint name, Saint Timothy, so
you know, kind.

Speaker 2 (09:06):
Of a correlation between both.

Speaker 1 (09:09):
I know Ashton's going to take it extremely seriously and
very much so looking forward to to seeing him there.
And I'm excited to see what the service is like.
As you know, I don't mind going to different churches.
I like the churches that they go to. I remember
the main one they go to. I don't know if
they still it was years ago. We haven't been to
Mass together in a while, just because you know, we

(09:32):
live so far away.

Speaker 2 (09:33):
But I'm excited to see where it's going to be.

Speaker 4 (09:37):
Well, I know Grace and Jeff are so proud and
so excited.

Speaker 1 (09:41):
They must be undeniably I would be. So this is
a huge step for Ashon. I'm very proud of him, and.

Speaker 5 (09:47):
It's special that you're his sponsor.

Speaker 2 (09:49):
That is very special. I can't believe he asked me.
I just blew me away.

Speaker 1 (09:54):
I mean, obviously I expected it to some degree, like
I'm not going to be dishonest here, But at the
same time, it still does feel really good. Yeah, it's special. Absolutely, Well,
it was a pleasure talking.

Speaker 2 (10:05):
To you, Mom.

Speaker 4 (10:06):
Do keep us on your dial. We've got a lot
of great content coming your way. Mike du St and
Greg Workman. We'll talk about some of the risk in
retirement that people don't always see coming and how planning
ahead can really make a difference. Mary, Madeline Kelly and
Greg Murray will share how a trusted contact can help
bring added protection and peace.

Speaker 5 (10:28):
Of mind for you and your family.

Speaker 4 (10:31):
When William and I return, will walk through how to
help your adult children while still protecting your long term
financial picture. And of course we'll close the hour with
some within and wisdom from the late Bill Kelly. His
words continue to inspire and guide us.

Speaker 5 (10:49):
That's a wrap for forever Young.

Speaker 4 (10:51):
Thank you for listening, and William, thank you for joining me.
We'll be back with more great content. I love you, honey,
I love you too.

Speaker 6 (11:07):
I'm John Boudris and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly, who today tests time time.

Speaker 7 (11:17):
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 6 (11:32):
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 a retirement
well lived. Go to Kellyfinancial dot org or call eight

(11:53):
eight eight eight hundred eighteen eighty one to spend some
time with one of our financial advisors.

Speaker 2 (11:59):
Time and gentlemen, it's not too late.

Speaker 6 (12:01):
We are Kelly Financial. Come retire with us, ready to
enjoy your golden years without worry. At Kelly Financial, we
know retirement planning can be overwhelming. With more than twenty
three 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

(12:25):
retirement consultation, called eight eight eight eight hundred eighteen eighty
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us.

Speaker 8 (12:36):
Okay, my friends, let me tell you about Kelly Financial.
You know how families will sit around the table and
debate politics, argue about sports, even who makes the best
potato salad. But talk about your estate plan, your healthcare wishes,
what happens if something goes wrong. Many families avoid it altogether,
and that's where problems can begin. Confusion, stress, sometimes even

(13:00):
real family conflict, all because those conversations never happened. Well,
that's why Kelly Financial put together a helpful guide. It
is called the Greatest Gift Outline your wishes with an
estate Plan. It is designed to help you organize your thoughts,
put your wishes in writing, and give your family clarity
where it matters most. Because putting it off today can

(13:23):
make things much more difficult tomorrow. So to get your
free copy, call eight eight eight eight hundred eighteen eighty
one eight eight eight eight hundred eighteen eighty one or
email Kelly at Kelly Financial dot org.

Speaker 2 (13:37):
Kelly at Kelly Financial dot org.

Speaker 9 (13:41):
Welcome back to Save Money Strategies with Greg Workman and myself.
Mike du said, if you joined it. Last week, we
had a really powerful conversation about the biggest regrets retirees have,
and Greg, we heard from a lot of people after
that show.

Speaker 2 (13:54):
We did, Mike and I think that's because those regrets
are very real, things like claiming Social Security too early,
paying more in taxes than expected, taking on the wrong
kind of risk, are not just having a clear income plan.

Speaker 9 (14:08):
And for a lot of our listeners, I think there
was a moment of reflection, kind of a I hope
I'm not heading down that same road exactly.

Speaker 2 (14:17):
But here's what we want to do today. Take that
conversation one step further, because when you really look at
those regrets, they don't just happen randomly. They're usually the
result of risks that people didn't even realize they were taking.
That's such an important point.

Speaker 9 (14:32):
Last week we talked about the outcomes the regrets.

Speaker 10 (14:35):
Today we're talking about the causes.

Speaker 2 (14:38):
Right, the hidden risks that can quietly derail a retirement
plan if they're not addressed. And the tricky part is
most of these risks don't show up when everything is
going well. They show up later, sometimes years into retirement.

Speaker 9 (14:52):
And as we go through today's examples, just like we
always say, these are not specific clients, these are hypothetical situations.

Speaker 2 (15:00):
But they're very typical of the kinds of real life
cases and conversations that we see every day.

Speaker 9 (15:06):
All right, Greg, let's start with what might be the
least understood but one of the most important risks in retirement.

Speaker 2 (15:13):
That would be sequence of returns risk. And while it
sounds technical, the concept is actually pretty simple. It's not
just what the market earns over time, it's when those
returns happen.

Speaker 9 (15:24):
Let's bring this to life with an example. Let's talk
about Tom and Susan. They retire at sixty five. They've
done a great job, saving about one point one million
between their four to oh one.

Speaker 10 (15:35):
Ks and iras.

Speaker 9 (15:36):
No pension, but they plan to take social Security.

Speaker 10 (15:39):
Around full retirement age.

Speaker 9 (15:41):
On paper, Greg, they look like they're in really solid shape.

Speaker 2 (15:44):
They do, and if you ran a basic projection, you'd
probably say they're going to be just fine.

Speaker 10 (15:50):
But here's where things start to shift.

Speaker 9 (15:52):
In their first year of retirement, the market pulls back,
let's say fifteen to twenty percent.

Speaker 2 (15:57):
Now, if that's say market drop happened ten years before retirement,
it's uncomfortable, but not devastating. You're still contributing and accumulating
your nest egg. But in retirement they're no longer adding
to the portfolio. They're taking money out.

Speaker 10 (16:14):
So now you've got a double impact.

Speaker 2 (16:16):
Exactly, the portfolio is down and withdrawals are happening at
the same time. That combination can create long term damage
to the nest egg.

Speaker 9 (16:25):
And this is where we start to see the emotional
side come in, because now Tom and Susan are watching
their accounts go down while still needing income.

Speaker 2 (16:32):
And that creates anxiety. So what do a lot of
people do. They pull back. They get more conservative, sometimes
at exactly the wrong time.

Speaker 9 (16:40):
And this ties directly into what we talked about last week.
People say we took too much risk, or we got
nervous and changed things at the wrong time.

Speaker 2 (16:49):
Right, But the real issue wasn't just risk. It was
not having a strategy for when to take income.

Speaker 10 (16:56):
So in Tom and Susan's case, what was missing.

Speaker 2 (16:58):
A plan for how to generate income without being forced
to sell investments during a downturn. They had a portfolio,
but they didn't have an income strategy.

Speaker 10 (17:08):
And this is where planning starts to make a difference.

Speaker 2 (17:10):
Exactly, because there are ways to structure a portfolio so
that short term income needs are covered, longer term investments
have time to recover, and you're not reacting emotionally to
market swings.

Speaker 9 (17:23):
Let's move into another big one, because this is something
we're seeing more and.

Speaker 2 (17:27):
More longevity risk, which is simply the risk of living
longer than you expect and potentially outliving your money.

Speaker 9 (17:35):
And it's interesting because living longer is a good thing,
but financially it creates new challenges.

Speaker 2 (17:40):
It does because retirement isn't just ten or fifteen years
or more. For many couples, it can easily be twenty
five or even thirty years.

Speaker 9 (17:49):
Let's go back to Tom and Susan first second. If
one of them lives into their nineties, which is very possible,
that's a long time for their money to last.

Speaker 2 (17:57):
And that's where we see another common issue. People either
spend too much early on or they become so conservative
that they don't enjoy their retirement.

Speaker 10 (18:08):
So it's really about balance exactly.

Speaker 2 (18:10):
You need a plan that allows you to enjoy your
retirement today but still protects your future, and that's not
easy to do without a structured approach.

Speaker 9 (18:20):
So today we're talking about the hidden risks, the things
that don't always show up right away but can have
a big impact over time. So far, we've covered sequence
of returns risk and longevity risk, and when we.

Speaker 2 (18:31):
Come back, we're going to dig into two more that
we see all the time, tax risk and healthcare and
long term care costs.

Speaker 9 (18:39):
And we'll also walk through how planning can completely change
the outcome even when the starting point looks the same.
Stay with us.

Speaker 3 (18:50):
Kelly Financial Services eight hundred, eighteen eighty one.

Speaker 2 (18:55):
It's sorry what you've done. That's important, but it's the
challenge it has been.

Speaker 6 (18:59):
Sir Edmund Hillary said those words after reaching the summit
of Mount Everest. But in climbing the decent is just
as perilous as the acent, and the same is true
in retirement planning. Learn why call Kelly Financial Services today
for a retirement consultation Call eight eight eight eight hundred
eighteen eighty one or visit Kellyfinancial dot org. What goes up,

(19:22):
must come down. We're Kelly Financial. Come Retire with Us.

Speaker 4 (19:25):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future, explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen

(19:48):
eighty one or email Kelly at Kelly Financial dot org.

Speaker 5 (19:52):
We're Kelly Financial. Come Retire with Us.

Speaker 3 (19:56):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kerry.

Speaker 10 (20:03):
Good morning.

Speaker 11 (20:03):
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 12 (20:12):
Good morning, I am doing great. We are finally past
the rainiest month of the year and it's really starting
to feel like spring. Do you have any fun trips
on the docket.

Speaker 11 (20:22):
Yes, ma'am. In a few weeks, I'm heading to Alaska
on my first ever cruise. I'm really excited not just
to see Alaska, but to experience cruising for the first time.

Speaker 10 (20:29):
I've heard so many great things.

Speaker 11 (20:31):
Big trips like this are exciting, but they're also a
good reminder to make sure everything back home is taken
care of.

Speaker 12 (20:37):
That's so true, and I'm really glad we're talking about
today's topic because it's one of those simple steps people
often overlook, but it can make a huge difference. Having
a trusted contact on your financial accounts.

Speaker 11 (20:49):
That's right, and for listeners who may not be familiar
with the term, a trust in contact is someone you
authorize your financial institution to reach out to in certain situations.

Speaker 12 (20:58):
Exactly, It's important to clarify that a trusted contact does
not have access to your accounts. They can't make transactions,
withdraw money, or change anything. Their role is simply to
be a point of contact if something unusual or concerning
comes up, and.

Speaker 11 (21:12):
Those situations can vary. It might be difficulty reaching you,
signs a potential fraud, or concerns about your well being.

Speaker 12 (21:18):
Yes, and unfortunately, financial fraud and scams have become more common,
especially targeting older individuals. Having a trusted contact adds an
extra layer of protection.

Speaker 11 (21:28):
It allows your advisor financial institution to pause and say
something doesn't seem right, Let's check in with someone this
client trusts, and.

Speaker 12 (21:35):
That can help prevent small issues from turning into much
bigger problems.

Speaker 11 (21:39):
Another important reason to have a trusted contact is for
unexpected life situations. If someone becomes ill, incapacitated, or simply
unreachable for a period of time, it gives the institutions
someone they can reach out to, and.

Speaker 12 (21:50):
That can be incredibly helpful for families. It doesn't replace
legal documents like power of attorney, but it does complement them.

Speaker 11 (21:57):
That's an important distinction. A trusted contact is not a
legal decision maker.

Speaker 12 (22:01):
They're simply a resource, and setting one up is usually
very simple. Most financial institutions will ask for a name,
phone number, and sometimes an email address.

Speaker 11 (22:10):
And ideally it should be someone you trust deeply, a spouse,
adult child, close relative, or even a trusted friend.

Speaker 12 (22:15):
And it's also a good idea to let that person
know that they've been listed that way, if they're ever contacted,
they understand the role and aren't called off guard.

Speaker 11 (22:23):
We also encourage people to review their trusted contact periodically,
just like they would beneficiaries or other account details Exactly.

Speaker 12 (22:30):
Life changes, relationships change, and it's important to keep everything
up to date.

Speaker 11 (22:35):
Another point worth mentioning is that having a trusted contact
could sometimes help reduce delays. If there's a concern and
no contact is listed, institutions may need to take more cautious.

Speaker 12 (22:44):
Steps yes, which can slow things down. Having that point
of contact can help resolve questions more efficiently.

Speaker 11 (22:50):
And from a planning perspective, it's one of those small
actions that can have a big impact.

Speaker 12 (22:54):
Absolutely, it doesn't take much time to set up, but
it adds an extra layer of protection, communication, and piece
of mind.

Speaker 11 (23:00):
So if someone is listening and thinking, I'm not sure
if I have a trusted contact listed, what should they do?

Speaker 12 (23:05):
The best step is to check with your financial institution
or advisor. It's a quick conversation and they can help
you add or update that information if needed.

Speaker 11 (23:13):
And it's a great example of how financial planning isn't
just about investments. It's about protecting yourself and making sure
the right safeguards.

Speaker 2 (23:19):
Are in place.

Speaker 12 (23:20):
It's about making sure your financial life runs smoothly, even
in situations you might not anticipate.

Speaker 11 (23:25):
So to summarize for our listeners, a trusted contact doesn't
control your accounts, but they provide an important layer of
protection and communication if something unexpected.

Speaker 12 (23:33):
Happens, and it's a simple step that can make a
meaningful difference.

Speaker 11 (23:37):
And as always, every financial situation is unique, so it's
important to review your accounts and protections regularly.

Speaker 12 (23:43):
But this is one of those easy wins, a small
action that can provide long term peace of mind.

Speaker 11 (23:48):
Well said, that's going to wrap things up for today.
If you have any questions about setting up a trusted
contact or reviewing your accounts, give us a call.

Speaker 2 (23:54):
We'd be happy to help.

Speaker 12 (23:55):
Absolutely Well, Greg, I hope you enjoy the rest of
your weekend and I will see you next week.

Speaker 3 (24:00):
Get in touch with Greg Murray or Mary, Madeline Kelly
or any member of the Kelly Financial Team call at
eight eight hundred eighteen eighty one. Safe Money Strategies with
William Kelly and Kelly Kelly. Call the team on eight
eight eight hundred eighteen eighty one.

Speaker 4 (24:21):
Take Care, Welcome back to Save Money Strategies. I'm Kelly Kelly,
joined by my son, William Kelly Junior.

Speaker 2 (24:31):
Great to be here with you mom today.

Speaker 4 (24:33):
We're talking about something that I think is hitting very
close to home for a lot of families right now
and that's helping adult children when it makes sense when
it becomes more complicated, and how something that starts from
love can sometimes create stress if it goes on too long.

Speaker 1 (24:53):
This is one of those conversations where there's no question
about the internship parents want to help. That instinct doesn't
just turn off when your children grow up exactly.

Speaker 4 (25:02):
Helping your children doesn't stop at eighteen. In many cases,
it continues well into adulthood, and for a lot of
families today it's lasting longer than they ever expected. You
see your child going through something a job change, student loans,
maybe difficulty affording rent, and your natural reaction is to

(25:26):
step in.

Speaker 1 (25:27):
And we're seeing that more often now just because of
the environment. The cost of living is higher, housing is
more expensive, and people are saying financially dependent a little
longer than in past generations.

Speaker 4 (25:37):
That's right, And because of that, what used to be
short term help can slowly turn into something ongoing. And
that's where the tension begins, because on one hand, you
want to help your child, but on the other hand,
you also have to protect your own financial future.

Speaker 1 (25:56):
And a lot of people don't even realize how common
this has become until are already in it. They think
it's just their situation, but this is happening across many.

Speaker 4 (26:05):
Families, and it usually doesn't start with something big.

Speaker 5 (26:09):
It might be helping with a.

Speaker 4 (26:10):
Bill here and there, covering rent for a few months,
stepping in during a tough period. But over time, those
small contributions can add up.

Speaker 1 (26:21):
Right, what feels manageable at the beginning can slowly become
part of your regular financial routine, and that's when it
starts to have a bigger impact.

Speaker 4 (26:28):
And that's something we see often. Parents don't always realize
how much they're contributing over time and how that might
affect their own long term plans. In some cases, people
are putting more towards supporting their children than they are
toward their own retirement, and.

Speaker 1 (26:46):
Once that support becomes consistent, it can start to feel expected,
not necessarily intentionally, but it becomes part of the norm.

Speaker 4 (26:54):
And when that happens, it can be very difficult to
step back because what started is how he can begin
to feel like something you're responsible for.

Speaker 5 (27:04):
Now.

Speaker 4 (27:04):
In some situations, helping goes beyond financial support, yes.

Speaker 2 (27:10):
And this is where it can really shift.

Speaker 1 (27:12):
There are situations where helping adult children means stepping into
a caregiving role.

Speaker 5 (27:16):
That's right.

Speaker 4 (27:17):
Sometimes it includes helping with grandchildren or even raising them
full time, and many people don't plan for that stage
of life.

Speaker 1 (27:27):
And when that happens, it's not just a financial decision anymore.
It affects your time, your lifestyle, and your overall retirement picture.

Speaker 4 (27:35):
Exactly, and in many cases is not something people choose,
is something they feel they need to do. And while
that support is incredibly important, it can change your long
term plans in ways you may not have anticipated, which
brings up.

Speaker 1 (27:51):
An important distinction. And that's the difference between helping and enabling.

Speaker 4 (27:56):
Yes, and this is a key part of the conversation.
Not all is the same. Helping someone through a temporary
challenge is very different from supporting an ongoing pattern.

Speaker 1 (28:08):
Right, Covering an emergency is one thing. Continuously covering lifestyle
expenses is something else.

Speaker 4 (28:15):
And sometimes without realizing it, stepping in too often can
actually delay a child's ability to become independent.

Speaker 2 (28:23):
And that's not the goal.

Speaker 1 (28:25):
The goal of helping should be to move someone forward,
not keep them in the same place.

Speaker 5 (28:30):
That's exactly right.

Speaker 4 (28:31):
Helping should create progress, and recognizing that difference is one
of the most important parts of this conversation. Now, another
side of this that doesn't always get talked about is
the emotional impact.

Speaker 1 (28:46):
Yes, because this isn't just about numbers. There's a lot
of emotion tied into these decisions.

Speaker 4 (28:51):
Parents often feel guilt even when they know they may
need to set limits or say no is not easy.

Speaker 1 (28:59):
And on the other side, adult children may feel dependent
or unsure about their financial independence.

Speaker 4 (29:04):
And when expectations aren't clearly communicated, that's when tension can
start to build, even in very close families.

Speaker 1 (29:14):
Which is why communication is so important, because unspoken expectations
can quietly create stress over.

Speaker 5 (29:20):
Time, exactly.

Speaker 4 (29:21):
And this is really what it comes down to, understanding
what you can realistically do and having those conversations before
things become overwhelming, because helping your family should feel intentional,
not stressful, not uncertain, And that's.

Speaker 1 (29:39):
We're stepping back and looking at the bigger picture. Becomes
so important not just what you can do today, but
what that means in.

Speaker 4 (29:45):
The long term, and that's something we focus on at
Kelly Financial. We've put together an investor guide called will
Your Money Last as Long as You Do? And it
walks through real life scenarios that many families are facing today,
including situations where helping adult children or even stepping into

(30:06):
a caregiving role can affect your long term financial picture
if it's not planned for.

Speaker 1 (30:13):
And the goal is to provide clarity, not to tell
people what decisions to make, but to help them understand
what's realistic and sustainable, because.

Speaker 4 (30:22):
The right kind of support starts with understanding what you
can realistically sustain, and when you have that clarity, it
becomes much easier to help in a way that truly
works for everyone involved. Exactly when we come back, we're
going to walk through how to actually approach this, how

(30:43):
to help your adult children in a way that supports
them while still protecting your own future.

Speaker 3 (30:50):
Do stay with us Safe Money Strategies brought to you
by Kelly Financial Services called eight eight eight eight time
hundred eighteen eighty one or visit Kelly Financial dot org.

Speaker 6 (31:04):
Right, well, there's nothing like the crew races on the
Charles River. When the boats cross the finish line, all
the components must be functioning consistently at exceptional levels. High
performance equipment, mentally tough and physically fit rowers, the passion
to win, and perhaps most importantly, seamlessly integrated teamwork. Likewise,

(31:28):
the retirement rivers we row also require these very qualities.
Who's part of your retirement crew. For more than twenty
three years, the advisors at Kelly Financial Services have helped
families in the Greater Boston area take command of their
financial futures. So call eight eight eight eight hundred eighteen
eighty one or visit Kellyfinancial dot org for an appointment

(31:51):
at Kelly Financial. We believe you've got to have the
right team and crew and in retirement, how will you
cross the finish line year Kelly Financial Services, Come retire
with us. I'm John Boudris, and welcome to a new
edition of Kelly Financial's What would Bill Say? The Wit
and Wisdom of the late Bill Kelly. Today we'll address

(32:14):
fact from fiction.

Speaker 7 (32:16):
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.

Speaker 2 (32:27):
And how do you sort fact from fiction?

Speaker 6 (32:29):
Download Kelly Financial's Consumer Guide simply called the Value of
an objective opinion. With so much at steak 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

(32:52):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 7 (32:56):
Ladies and gentlemen, sort fact from fiction.

Speaker 6 (32:59):
We are Kelly Financial Services. Come retire with.

Speaker 3 (33:02):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight hundred, eighteen eighty one.

Speaker 4 (33:13):
Thank care, Welcome back to Safe Money Strategies. Before the break,
we were talking about how helping adult children can start
from a place of love, but over time it can
become more complicated, especially if it begins to impact your

(33:34):
own financial future. So now let's talk about how to
approach this in a way that actually works for both
you and your children.

Speaker 1 (33:44):
And I think the most important place to start is
with your own foundation, because before you can help someone
else long term, you need a clear understanding of your
own financial situation.

Speaker 5 (33:54):
That's exactly right.

Speaker 4 (33:56):
Retirement today looks very different than it did for pre generations.
Most people aren't relying on pensions. Is largely based on
personal savings, investments, and careful planning and once you reach retirement,
there isn't really a reset button, which.

Speaker 1 (34:14):
Means protecting your own financial stability isn't just about you.
It's about your family. Because if your foundation is strong,
you're in a much better position to help when it
truly matters.

Speaker 4 (34:24):
And that's an important shift in thinking. Helping your children
should not come at the expense of your own long
term security, because ultimately, protecting your future is also a
way of protecting them exactly.

Speaker 1 (34:40):
And once you have that clarity around your own situation,
the next step is deciding what kind of help actually
makes sense, because not all help is equal.

Speaker 5 (34:49):
That's right.

Speaker 4 (34:50):
Some forms of support can build independence, while others can
create dependence, and being intentional about that difference is key.

Speaker 1 (35:00):
For example, helping with something that creates long term value,
like education, skill building, or reducing high interest debt can
have a very different impact than covering ongoing lifestyle expenses.

Speaker 4 (35:13):
And that doesn't mean those decisions aren't always easy, but
it does mean thinking about whether the support you're providing
is moving things forward or simply maintaining the current situation.

Speaker 1 (35:26):
And in some cases, emergency support can absolutely make sense.
Life happens, unexpected situations come up, but even then, it's
helpful to define what that support looks like and when it.

Speaker 4 (35:38):
Ends, which leads right into the next step in that structure.
Because once you decide to help, how you structure that
support matters just as much as the decision itself.

Speaker 1 (35:51):
This is where setting clear boundaries and expectations become so important.

Speaker 4 (35:55):
Yes, that means defining how much support you're comfortable providing,
how long it will last, and what the expectations are
moving forward.

Speaker 1 (36:05):
And tying that support to progress can be helpful too,
whether it's employment, paying down debt, or working toward independence.
Those milestones create clarity for everyone involved, and.

Speaker 4 (36:16):
It also helps avoid something we see quite often, which
is open ended support that just continues without a clear plan, because.

Speaker 1 (36:26):
When there's no structure it becomes very difficult to step
back later on exactly.

Speaker 4 (36:31):
And clear boundaries don't just protect your finances, they also
protect your relationships because without the misunderstandings can build over time.

Speaker 1 (36:42):
And that brings us to another key part of this communication,
because even the best intentions can lead to tension if
expectations aren't clearly discussed.

Speaker 5 (36:52):
That's right.

Speaker 4 (36:52):
These conversations may not always feel easy, but they are important.
Talking openly about what you can and cannot afford to provide,
explaining how ongoing support may affect your own plans. That
level of honesty builds long term understanding.

Speaker 1 (37:12):
And it's much better to have those conversations early rather
than letting support continue indefinitely and trying to address it later.

Speaker 4 (37:19):
Exactly because when expectations are clear from the beginning, it
helps avoid confusion and it helps maintain a healthy relationship
on both sides.

Speaker 1 (37:31):
And in many cases, it's not just a one time conversation.
It's something that should be revisited over time.

Speaker 5 (37:37):
That's a great point.

Speaker 4 (37:39):
Situations change, progress happens, and having periodic check ins can
help make sure everyone stays aligned. Now, there's another piece
of this that we touched on earlier, and that's preparing
for the unexpected.

Speaker 1 (37:56):
Yeah, because sometimes helping out adult children isn't a choice,
it becomes a necessity.

Speaker 4 (38:01):
That's right, whether it's stepping in to help with grandchildren
or navigating a major life event, these situations can require
significant time, energy, and financial resources, and they can change
your plans very quickly, which is.

Speaker 1 (38:18):
Why building flexibility into your overall plan is so important.
Because life doesn't always follow a straight path exactly.

Speaker 4 (38:26):
And when you have a plan that accounts for these possibilities,
even if they never happen, you're in a much stronger
position to adapt if they do.

Speaker 1 (38:36):
And that really brings everything together because this isn't about
saying yes or no to helping. It's about understanding how
those decisions fit into your bigger picture, and that's.

Speaker 4 (38:45):
Where having guidance can make a real difference. We mentioned
earlier our investor guide will your money last as long
as you do? And this is exactly the type of
situation is designed to help with.

Speaker 1 (39:00):
It walks through real life scenarios like supporting children or
stepping into caregiving roles, and shows how those decisions can
impact your long term.

Speaker 4 (39:08):
Outlook because often these decisions don't feel big in the moment,
but over time they can shift your financial trajectory if they're.

Speaker 5 (39:17):
Not planned for.

Speaker 1 (39:18):
And the goal is clarity, helping you understand where you
stand today and how those choices you're making now may
affect your future.

Speaker 4 (39:26):
At Kelly Financial, this exactly what we're focused on, helping
people step back, organize their full financial picture and making thoughtful,
informed decisions because supporting your family should feel balanced, not overwhelming, and.

Speaker 1 (39:43):
When you have that balance, you can help in a
way that truly supports both generations without sacrificing your own future.

Speaker 5 (39:50):
That's exactly right.

Speaker 1 (39:52):
And if you'd like a copy of our investor Guide
will your money last as long as you do? You
can call us at eighty eight eight hundred one eight
eight one or visit at us at Telefinancial dot org.

Speaker 4 (40:02):
We have more informative content coming your way right here
on WRKO.

Speaker 5 (40:08):
Do stay with.

Speaker 3 (40:09):
Us 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 13 (40:22):
I believe that this nation should commit it so achieving
the goal of landing a man on the Moon and
returning him safely to the Earth six five four three
two one zero all engine run, Look, God, Look Gov,
and a follow other.

Speaker 6 (40:42):
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

(41:02):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kellyfinancial dot org. Where do you.

Speaker 2 (41:13):
Want to land Listen?

Speaker 6 (41:15):
Thank Glaudybavior, be landed. We are Kelly Financial Services. Come
retire with us.

Speaker 5 (41:22):
I'm Kelly Kelly.

Speaker 4 (41:23):
Now that spring is in the air, many families are
thinking about fresh starts, not just financially, but how we
prepare the next generation for life. At Kelly Financial, our
work has always been about helping families make thoughtful long
term decisions, including how the next generation gets started. And
while all investing involves risk, including the potential loss of principle,

(41:45):
we believe education and good habits are the foundation for
smart choices over time. That's why we're offering only the
good invest Young, a book written by my son William
Kelly Junior, is a clear, encouraging guide to the basics
of money, responsibility.

Speaker 5 (42:01):
And habits that matter over time.

Speaker 4 (42:03):
If you have a child, a grandchild, for someone just beginning,
this is a thoughtful place to start. We're offering a
complimentary signed copy to our WRKO listeners and clients.

Speaker 5 (42:14):
Call eight eight eight.

Speaker 4 (42:15):
Eight hundred eighteen eighty one or email Kellie at kellifinancial
dot org.

Speaker 9 (42:21):
Welcome back to Save Money Strategies with Greg Workman and myself,
Mike You said. Today, we're continuing our conversation from last week,
where we talked about the biggest regrets retirees have, and
this week we're digging into what really causes many of
those regrets, the hidden risks in retirement.

Speaker 2 (42:37):
That's right. In the first half of the show, we
talked about sequence of returns risk and longevity risk and
how those can quietly impact a retirement plan, especially in
the early years.

Speaker 9 (42:49):
And just as a reminder, the examples we're using today
are hypothetical but very typical of the real life situations
we see every day. All right, Greg, let's move into
another big one. And this is one we hear about
all the time.

Speaker 2 (43:01):
Taxes, and more specifically tax risk.

Speaker 9 (43:04):
Because a lot of people go into retirement thinking my
taxes are going to go down.

Speaker 2 (43:08):
Exactly, that's the assumption, but what actually happens in many
cases is the opposite. Think about it. You've spent decades
saving into tax deferred accounts like four h one ks
and iras. Now every dollar you take out is taxable.
Then you layer in social security and required minimum distributions
are rmds starting in your early seventies, and suddenly your

(43:32):
income and your tax exposure can be higher than expected.

Speaker 9 (43:36):
And this goes right back to one of the biggest
regrets we talked about last week, people saying we didn't
realize how much we'd pay in taxes.

Speaker 2 (43:44):
All the time because there was never a tax strategy,
just tax deferral.

Speaker 10 (43:48):
Let's build on the example from the first half.

Speaker 9 (43:51):
We talked about Tom and Susan, good savers, solid nest egg,
but no real income or tax strategy. Now let's introduce
another couple, David in Karen. Similar situation, similar age, similar savings,
about one point one million, same general retirement timeline.

Speaker 2 (44:07):
On paper, they look almost identical, but here's the difference.
David and Karen built a plan that included tax diversification.
They had assets in tax deferred accounts, tax free accounts
like roth iras, and some non qualified savings, so when
it came time to generate income, they had options so.

Speaker 9 (44:27):
They could control how much taxable income showed up each
year exactly.

Speaker 2 (44:31):
They weren't forced into large taxable withdrawals. They could manage
their tax brackets potentially reduce taxation on Social Security and
avoid larger spikes later from rmds or required minimum distributions.

Speaker 9 (44:46):
So same starting point, very different outcome.

Speaker 2 (44:49):
That's the key. It's not just knowing how much you have,
it's how it's structured. As a reminder, individual circumstances, goals,
and objectives will vary.

Speaker 9 (44:59):
Let's talk ab one more risk, and this is one
that often gets pushed off or ignored.

Speaker 2 (45:04):
Healthcare and long term care costs. Many retirees underestimate how
much they'll spend on healthcare over time, and beyond just
routine medical costs, there's the possibility of needing assisted living,
in home care or nursing care in a facility.

Speaker 9 (45:20):
And for a lot of people, the plan is we'll
figure it out if it happens right.

Speaker 2 (45:24):
But the challenge is these costs can be significant and
if there's no plan in place, it can quickly impact income,
investments and even what gets passed on to family through inheritance.

Speaker 10 (45:36):
Another direct title.

Speaker 9 (45:37):
Last week, one of the things we hear is we
didn't plan for this kind of expense exactly.

Speaker 2 (45:43):
And again, it's not about predicting the future perfectly, it's
about preparing for different possibilities.

Speaker 9 (45:49):
So greg when you step back and look at all
four of these risks, market timing, early in retirement, living
longer than.

Speaker 10 (45:55):
Expected, taxes, health care costs.

Speaker 9 (45:58):
What's the big difference between people who navigate these well
in those who struggle?

Speaker 2 (46:03):
Planning? Not reacting, but planning. Because the people who tend
to struggle are the ones who don't have a clear
income strategy, haven't thought through taxes, haven't structured their investments
for distribution, and have not addressed these risks ahead of time.

Speaker 10 (46:19):
Let's make this practical.

Speaker 9 (46:20):
If someone is listening today, what are a few simple
questions they should be asking themselves?

Speaker 2 (46:25):
Great question I'd start with this. Do I have a clear,
predictable income plan in retirement? How will I generate income
if the market goes down early on after I cross
the threshold to retirement. Am I being proactive about taxes
or just reacting each year taxes roll around? And do

(46:48):
I have a plan for healthcare or long term care expenses?
If you're not confident in those answers, that's where good
planning can make a big difference. And I think that's
really the theme of today's show.

Speaker 9 (47:00):
Last week we talked about regrets this week, we're talking
about what causes them, and more importantly, how to avoid them.

Speaker 2 (47:07):
That's right, and these risks aren't meant to scare you.
They're meant to prepare you, because once you can see them,
you can plan for them.

Speaker 10 (47:15):
If you'd like to take the next step.

Speaker 9 (47:17):
We've put together a resource that walks these ideas in
a clear, simple way.

Speaker 10 (47:22):
It's our Safe Money Strategies Workbook.

Speaker 2 (47:24):
It covers how do I create a retirement paycheck, ways
to think about tax efficient income, and how to structure
your plan to address these types of risks.

Speaker 9 (47:34):
You can request your copy by giving our office a
call and asking for the Safe Money Strategies Workbook, or
by visiting our website.

Speaker 2 (47:41):
And as always, if you have questions about your specific situation,
we're here to help.

Speaker 9 (47:46):
Thanks for joining us this week. We appreciate you spending part.

Speaker 10 (47:49):
Of your day with us.

Speaker 9 (47:50):
We'll see you next time on Safe Money Strategies.

Speaker 8 (47:57):
Joining us now, as she all always does at this time,
she is the co founder, CEO, and president of Kelly
Financial Services. And yes, that is her wonderful name, Kelly.
Kelly Kelly, how are you good morning, Jeff, I am good.

Speaker 4 (48:20):
Something we're seeing more often right now, and that many
families are quietly dealing with is helping their adult children,
whether it's covering expenses, helping through a tough time, or
even caring for grandchildren. It usually comes from a place
of love, but at some point people start to wonder

(48:41):
how much is too much, because while you want to
be there for your family, you also have to be
mindful of your own future. These kinds of decisions have
an impact on long term financial stability if they're not
thought through carefully. That's why we put together our investor
guide called will Your Money Last As Long As You Do?

(49:03):
It walks through real life scenarios like this and helps
you better understand the bigger picture. If you'd like a copy,
you can give us a call or email us at
Kelly at Kellyfinancial dot org. Jeff, have a wonderful weekend,
My best of Grace and the kiddos.

Speaker 8 (49:21):
Thank you, Kelly, all the best to you and everyone
at Kelly Financial. To get a free copy of that guide,
and I urge all of you if you can do
get it call now eight eight eight eight hundred eighteen
eighty one eight eighty eight eight hundred eighteen eighty one,
or you can actually email Kelly herself personally Kelly at

(49:43):
Kellyfinancial dot org. That's Kelly Kelly Financial dot org.

Speaker 3 (49:53):
Safe Money Strategies at eight eight hundred one, eight eight one.

Speaker 4 (49:59):
This week, Bill reflects on what it really means to
build a life, not just in terms of financial success,
but in the relationships and moments that truly define us.

Speaker 5 (50:13):
Here's Bill.

Speaker 7 (50:19):
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. 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 chuot, you know, breathing right away and screaming, helping.

(50:42):
And then we move through life and there's a randomness
to it. I guess that 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.

(51:04):
You accumulate things, ladies and gentlemen, as you invest in
your lives, and wealth 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,
you know, marriage is a great thing. I see people
who come to visit with us in our offices in

(51:25):
brain Tree, Burlington, and the joy of seeing people in
a beautiful marriage with a family surrounding them is amazing.
It's an amazing gift. It's an amazing enrichment in life.
I remember coming in my back door once in Burlington.
I have a private entrance to the back of my office,
which I'm very fortunate to have, and there was a
couple sitting on a little bench there and they were

(51:45):
well into their eighties. He was feeding his wife a muffin,
a blueberry muffin, bit by bit, and she was eating
it almost like a little bird, and they were talking,
they were giggling. And I walked by them as on
my way, of course to an important meeting as usual
Kelly right, and I just turned my I said, wow,
first date, and he looked at me. He said, well,
we're just getting to know each other, he said, and

(52:05):
he said, we're learning every day a little bit more.
Isn't that beautiful ladies and gentlemen. Isn't that amazing? And
they get up, they were holding hands, they walked in
and they were actually coming to visit with us. So
it was like a double surprise, come to find out.
So what's the beauty in having someone in your life
you love? Well, it's an amazing thing for me. You know,
my wife, Kelly is a beautiful woman in many ways.

(52:28):
I mean, she was a stunningly beautiful woman on the
night I met her, took my breath away. But I
think I also saw something inside of her. I saw
something within her spirit. I instantly recognized it, and I
think that's what attracted Kelly to me. I think that's
what made her think there might be something different in
this guy and might want to see him again, because
I never thought she would. And as we grew closer

(52:51):
and through our married years, it's been true. What a
beautiful person my wife is in all the inobvious ways,
her imagination, her determined nation, her support of me when
we had very little, not very many complaints, her ability,
her spirit. These are things that sort of a blessing
in my life. And I hope all of you have

(53:12):
had a chance to experience something even remotely like that,
because it's very beautiful. And Kelly is a stalwart. She's
the strongest woman, the strongest person I've ever met, and
she navigates through life and does thousands of things every
week to support our business venture, our family, our future.
And I'm sort of the imagineer. I'm like the imagining guy,

(53:33):
and she's the person on the ground making sure that
my teather doesn't break and I go sailing off into
the universe somewhere with the next big idea. Well, my
ideas sometimes take fruit and sometimes they take hold, and
we've been very blessed with that. But I've had a
lot of freedom. But the most I can say, well,
the most important thing I can tell you is how

(53:55):
blessed I've been in my life to have someone in
my life like my wife Kelly, and how much I
admire her not just for always being there, but for
understanding a lot of complex things that go on when
you're building a company or you're building out a vision
that was sort of written on a piece of paper.
And Kelly's always been there for me, and it's tough.
It's tough sometimes, and I learned to love through Kelly.

(54:18):
With a family of ten people and everybody in a
hurry and no one really able to share much time
with each other. With all the things that went on
in my family, I was probably ill fit for marriage
or even to be a partner because I didn't know
how to be with somebody. I didn't know how to
spend time with someone because we were always on the go,
always doing something, and just enjoying being with someone was

(54:39):
something that I did not know how to do. And
over the years I've learned to do that with Kelly,
my wife. I hope someday you have that feeling or
have had it many of you. What's very easy for
you to do generally is very difficult for me, And
what's very difficult for you to do as you listen
to me, it's very simple to me. So with my boldness,
I've been a to make a path, make my way

(55:02):
in life. But there's a limitation because I've just learned
that being bold what was the way to do everything,
and it's not It's hard to be understanding when you're
always bold, so I had to temper that. I was
very fortunate to meet Kelly, and I was very fortunate
that she became interested in me. I always wondered, am
I going to live before I die? Am I going

(55:23):
to die before I live? That was what I wondered,
But because I never thought I lived, I always thought
I was just getting started. I'm getting started. I'm getting started.
And then when I met my wife Kelly, guess what
I found out? I'm living and I'm okay with doing it.
And it's okay because I think when you admit that
you're living, guess what else you have to admit? You
have to stop racing, and you have to say I'm living.

(55:46):
But I'm also on my way to dying. So we
like to ignore that second part, don't we. I do,
So I've been very lucky. I think you know I
love Kelly.

Speaker 2 (55:54):
Kelly.

Speaker 7 (55:54):
If you're listening, I love you from the bottom of
my heart any way possible.

Speaker 2 (55:58):
I always will, I always, and I.

Speaker 7 (56:00):
Do right now.

Speaker 4 (56:04):
That was Bill Kelly, a beautiful reminder that while we
spend so much time building a life, it's the people
we share it with.

Speaker 5 (56:15):
That truly make it meaningful.

Speaker 3 (56:22):
Call Kelly Financial Services eight eight eight eight hundred eighteen
eighty one.

Speaker 5 (56:27):
I'm Kelly Kelly from Kelly Financial. Whether you're in.

Speaker 4 (56:30):
Your sixties, seventies, or eighties, financial advice is important when
it comes to preserving your nest egg. We have a
free investor guide called designing your Fiscal House to Weather
the Elements, which highlights the steps needed to build a
balanced portfolio. For the guide, call eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

Speaker 5 (56:54):
We're Kelly Financial.

Speaker 12 (56:55):
Come retire with us safe money strategies.