Kelly Financial: Saturday, May 24, 2025

Episode Transcript

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

Speaker 2 (00:21):
Good morning, dear Boston. I'm John Voudras and Kelly Financial
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six eight on the AM dial and
online from just about anywhere. Well, we are in Memorial
Day weekend, which one may argue is the most solemn

(00:43):
of our weekend holidays. As on Monday, the official day
of Memorial Day, we mourn and celebrate and look back
at the lives of those who gave their lives to
protect us, to give us this life and this nation
that we hold dear. And it's a reminder of how

(01:03):
it is now our responsibility to defend that freedom for
which they gave their lives. And it's a very sobering thought.
I know much of the weekend is spent with fireworks
and hot dogs and ball games, but the real meaning
of it is to acknowledge their sacrifice. Today on the
twenty fourth, that actually marks a couple of interesting things

(01:26):
in our history. On this very day in eighteen forty four,
Samuel Morse tapped out on this new fangled little thing
that he had no name for it. He tapped out
an electronic message in something we now know as Morse
code what God hath wrought. He sent the message from

(01:47):
Baltimore to Washington, DC, and boy did that change everything everything,
Because up until that time, any message that a human
being wanted to get to another human being had to
be delivered in person, either spoken, written, handed over by foot,

(02:07):
by boat, by horse, by buggy, by carrier pigeon. After that,
all things were different. Communication across long distances could become instantaneous,
and it really did change the world. And that happened
today than eighteen forty four. On May twenty fourth, Well,

(02:29):
we have a lot on the show today, so we're
going to get right to that. We of course will
be hearing from the advisors at Kelly Financial, and missus
Kelly and I will be talking about a very important subject.
You might call it financial literacy, but it's more the
importance of getting young people to understand the basics of

(02:49):
money and finances and investing even and she and I
will be talking about that at length later in the show.
So stay with us and we will be back in
a New York minute.

Speaker 3 (03:04):
Safe Money Strategies with John Budris and Kelly Kelly called
Kelly Financial on eight eight eight eight hundred eighteen eighty
one or go to Kellyfinancial dot org.

Speaker 4 (03:21):
Good morning, dear friends and dear listeners. I'm Kelly Kelly
and welcome. This is Forever Young, a special part of
our Safe Money Strategy show right here on WRKO. I
am joined by my handsome son, William Kelly Junior every
Saturday morning. He's bright, he's insightful, and even though he's

(03:45):
just nineteen years old, he feels like an old soul and.

Speaker 5 (03:49):
A natural communicator. Good morning, William, Good morning mom.

Speaker 6 (03:54):
That was quite the introduction. I appreciate that.

Speaker 4 (03:57):
Yeah, and I'm not biased by any way or form.

Speaker 6 (04:01):
Well, thank you very much.

Speaker 7 (04:02):
Well, I kind of wish I had an introduction like
that for you. I have a beautiful mother who is
extremely capable, who deals with two wild children and runs
a great company. She's the CEO and co founder and
has been there since the start. And she's one of
the strongest people that I know, and I would trust

(04:22):
her with my life, and she also gave me my life.

Speaker 4 (04:25):
So how nice. William, Thank you, of course, thank you.

Speaker 7 (04:29):
So. Happy Memorial Day weekend to everybody. Hope everyone's having
a peaceful Memorial Day weekend. And I think we should
reflect a little bit about Dad, who was a vet.
For those who are new listeners, in case you don't know,
my father passed away back in twenty seventeen at the
age of sixty five, and he was a veteran. Now,
Dad was a lot of people loved him, and in fact,

(04:52):
a lot of listeners right now you know who I'm
talking about and you've been listening to him for years.

Speaker 6 (04:57):
But just a quick recap.

Speaker 7 (04:58):
My father did very well on this show, and his
voice was an inspiration to many. He would calm people
saturdays down. He would talk about life, not just finances.

Speaker 6 (05:09):
That made him very unique on a show about finance.

Speaker 7 (05:12):
He would just talk about life or religion or politics
or whatever was on his mind. And he was very
open and somehow he always tied it down to finance,
to helping people.

Speaker 6 (05:24):
He would always distill it down. There was always a
moral to the story that helped you.

Speaker 7 (05:28):
So you ended it off with learning something new, or
he was complaining about how crazy his family is or
something like that.

Speaker 6 (05:36):
You know along that line.

Speaker 7 (05:37):
But I'm sure in the wit and wisdom of Bill Kelly,
that is the perfect recap of my father.

Speaker 6 (05:43):
And let's talk a little bit about his service.

Speaker 7 (05:45):
So he served in the army for two years, if
I'm correct, and then after going to school, which the
military paid for, they said, wow, you're pretty smart, so
let's have you doing aerospace engineering.

Speaker 6 (05:56):
So it was either aerospace or it was either aeronautics.
I can't remember.

Speaker 7 (05:59):
However, it was very math heavy. Dad did it, and
he went to the Air Force. Now he didn't serve
in the Air Force in the traditional way. He actually
programmed for the Air Force. And he was stationed in Japan.
I don't remember where specifically, This isn't a very popular city.
It was not Tokyo, but he worked in the F
fifteen jets, and him and his group were one of
the first in American history. And I correct me if

(06:22):
I'm wrong, but this memory is from over eight years ago.
So he explained to me that him and his group
are the first in American history to either program a
directional guidance system in a fighter jet or something along
those lines, either automated defense screen or some sort of algorithm.
They were the first in history to do it. And
he explained to me they used gosh, probably machine learning

(06:44):
if I had to guess, or something really really simple
or basic or something like that. But after he left
the Air Force, ladies and gentlemen, he in the nineteen
eighties decided to start his own software company. And believe
it or not, Bill Kelly was a software developed for
Isn't that crazy?

Speaker 6 (07:01):
Very shocking, right.

Speaker 7 (07:03):
He created this company called Viking Technology, and they made
monthly floppy discs called Uptime and Uptime. It was like
getting a monthly magazine, except you put it on your computer.
It was for the Commodore sixty four or one twenty eight,
for the Macintosh, for the Apple two, you name it
during the eighties and it did very well. And eventually
he moved on from that career and then he met

(07:25):
my mother and they had a family. They started Kelly
Financial Services and he did very well with himself.

Speaker 6 (07:32):
So just a little bit about dad.

Speaker 7 (07:34):
Thank you for your service, Dad, if you're listening up
from heaven, and thank you for every veteran who's listening
or active duty member.

Speaker 6 (07:41):
Thank you for your service. We deeply appreciate it.

Speaker 5 (07:44):
Do keep us on your dial.

Speaker 4 (07:45):
We have a lot of great information coming your way.
Mike du said, and Greg Workman will be talking about
Warren Buffett's big announcement his retirement as CEO of Berkshire
Hathaway and what that means for long term investors. They'll
break down the recent changes in his portfolio and what

(08:06):
lessons we can all take from the Oracle of Omaha. Mary,
Madeline Kelly and Greg Murray will explain why it's so
important to schedule regular financial reviews, especially after major events
like retirement, the loss of a spouse, or even a
change in hell. Staying on track starts with staying in touch.

(08:29):
And I'll be back with my co host John Budris
for a thoughtful segment on teaching financial responsibility to the
next generation, especially the role grandparents and retirees can play
in shaping financial legacies.

Speaker 5 (08:44):
And of course we'll have some.

Speaker 4 (08:45):
Wit and wisdom from Bill Kelly before the hour is through.

Speaker 5 (08:50):
That's all for Forever Young today.

Speaker 4 (08:52):
Thank you for listening and letting William and me share
a little bit of our journey with you. William, thank
you for joining me this morning.

Speaker 5 (09:00):
I love you, Honey, I love you too, Mom.

Speaker 7 (09:02):
And as we head in a Memorial Day weekend, we
want to take a moment formally to honor and remember
the brave men and women who gave their lives in
service to our country. We hold them and their families
in our hearts today and always.

Speaker 5 (09:14):
Amen.

Speaker 6 (09:15):
Amen.

Speaker 2 (09:24):
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 8 (09:34):
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 (09:49):
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

(10:10):
eight eight hundred eighteen eighty one to spend some time
with one of our financial advisors.

Speaker 6 (10:16):
Time, ladies and gentlemen, it's not too late.

Speaker 2 (10:18):
We are Kelly Financial. Come retire with us.

Speaker 3 (10:23):
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 (10:35):
Come retire with us.

Speaker 9 (10:37):
Okay, my friends, let me tell you about Kelly Financial Services.
Building wealth isn't easy. It takes grid brains years of
hard work. But keeping that wealth that's a whole different ballgame. Baby.
You need a real strategy. Wealth preservation isn't just for
millionaires or billionaires. It's for smart business owners, retirees, investment

(11:00):
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
hard to earn. Get your free investor guide Five retirement
planning missteps to dodge. The guide will show you how

(11:22):
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 hundred
eighteen eighty one or email Kelly at Kelly Financial dot org.

(11:43):
Kelly at Kelly Financial dot org.

Speaker 6 (11:49):
Good morning.

Speaker 1 (11:50):
You tuned into Kelly Financial. Safe money strategies. I'm Mike Ducet,
chief operating Officer, and I'm joined by one of the
trusted financial advisors on the team, Greg Workman.

Speaker 6 (12:00):
Good morning, Greg, Good morning Mike.

Speaker 1 (12:02):
Today we're focusing on a monumental shift in the investment world,
the retirement of Warren Buffett. The legendary investor who has
steered Berkshire Hathaway for over six decades, often hailed as
the Oracle of Omaha, has announced that he will retire
as CEO or Berkshire Hathaway at the end of twenty
twenty five, at age ninety four. Buffett's decision marks the

(12:23):
end of an error for the company. He transformed from
a struggling textile mill into a diversified powerhouse with holdings
in insurance, utilities, railroads, and a significant equity portfolio.

Speaker 10 (12:35):
Buffett's investment philosophy has always been grounded in value investing,
seeking companies with strong fundamentals, competent management, and a durable
competitive advantage. His approach has not only built immense wealth,
but also earned him a reputation for ethical capitalism, emphasizing

(12:55):
long term value over short term gains.

Speaker 1 (12:58):
His retirement announcement came during the twenty twenty five annual
shareholder Meeting, where he named greg Abel Berkshare's vice chairman
as his successor. Despite stepping down from day to day operations,
Buffett will remain as chairman, ensuring a smooth transition and
continued stewardship of the company's legacy.

Speaker 10 (13:17):
Buffett's influence extends beyond his business acumen. He has pledged
to give away ninety nine percent of his fortune to
philanthropic causes, primarily through the Gates Foundation. Buffett also co
founded the Giving Pledge to encourage other billionaires to do
the same.

Speaker 1 (13:35):
As Buffett prepares to hand over the reins, the investment
community is keenly observing how his successor will uphold the
principles that have guided Berkshire hath the Way to its
current stature. Today will deve into Buffett's legacy, his investment strategies,
and what his retirement means for investors and the broader
financial landscape. Stay tuned as we unpack the lessons from

(13:57):
a career that has shaped modern investing. Let's start by
exploring the key principles that have defined Warren Buffett's investment
philosophy and how they continue to influence the market today.

Speaker 10 (14:08):
The Oracle of Omaha just held his sixtieth annual Berkshire
Hathaway shareholders meeting on May third. Now, at ninety four
years old, Buffett has still got it. His words carry weight,
and so do his portfolio moves. Buffett's annual letter and
Berkshire's twenty twenty four year end report give us plenty

(14:30):
to talk about. Most eye catching, Berkshire's US stock portfolio
dropped from three hundred and fifty four billion dollars to
two hundred and seventy two billion dollars, but the cash
pile doubled.

Speaker 1 (14:45):
Yeah, the cash reserve is now three hundred thirty four billion.
That's a huge lead from one hundred and sixty seven
billion just a year prior. And it tells you something
loud and clear. Buffett isn't seeing many buying opportunities that
he likes.

Speaker 10 (15:01):
He's not afraid to sit tight with the cash, especially
when prices do not meet his high standards. It's classic Buffet.
He'd rather wait for the right pitch than swing at
something mediocre.

Speaker 1 (15:15):
Exactly. But let's be clear, this doesn't mean he's standing still.
In fact, he's made a number of very telling moves.
One of the exceptions to the sit on cash rule.
His growing bet on Japanese conglomerates.

Speaker 10 (15:29):
Right, Berkshire's stake in those Japanese trading companies like Mitsubishi
and Mitsui is now worth twenty three point five billion dollars,
and Buffett's gone on record saying investors can expect that
exposure to grow from here.

Speaker 1 (15:45):
We're talking about a diversified group of global businesses involved
in energy, food, metals, and logistics, stable dividend paying, long
term plays. That's right in his whalehouse. So let's dig
into the big pitcher changed in Berkshire's portfolio over the
past few years.

Speaker 10 (16:03):
Well, in a word plenty, some of Buffett's old guard
favorites like American Express and Coca Cola are still core holdings,
but newer names like Apple and even Amazon have taken
center stage, and some former favorites completely gone. Airlines, for one,

(16:25):
he owned several heading into twenty twenty, Now Buffet owns none.

Speaker 1 (16:30):
Same story with most of the bank stocks he's cut
way back. Remember how he was scooping up Bank of America.
That's been trimmed too, by over one hundred and seventeen
million shares in the fourth border alone.

Speaker 10 (16:42):
Still, Bank of America remains Buffett's third largest holding, worth
nearly thirty billion dollars, but it's clear Buffett's relationship with
the financial sector has cooled. City Group and Capital One
both reduced significantly. He even pared down holdings in Charter Communications,

(17:03):
New Holdings and Formula One Group.

Speaker 1 (17:06):
And let's not forget he completely exited positions in Alta
Beauty and the Spider in Vanguard SMP five hundred ETFs.
So where's he adding.

Speaker 10 (17:18):
In some interesting places? Let's start with Constellation Brands. Buffett
bought five point six million shares of the company, a
one point two billion dollar position in the conglomerate behind
Medello Corona and Robert Maundavi Wines barn Wine.

Speaker 1 (17:36):
Now there's a recession resistant play if I've ever seen.

Speaker 10 (17:39):
One, no kidding, Then there's Occidental Petroleum. Buffett bought another
eight point nine million shares, bringing the total to two
hundred and sixty five million. That's worth about thirteen billion dollars.
That makes Occidental his sixth largest portfolio position. Energy has

(18:00):
been a big Buffet theme lately, with oil prices bouncing
and inflation sticking around it is a sector that's been
producing a lot of free cash flow.

Speaker 1 (18:10):
And Buffett loves free cash flow, especially when it leads
to dividends in stock buybacks.

Speaker 10 (18:15):
Speaking of free cash flow, Berkshire is also added to
its sticks in Domino Pizza and Pool Corporation, but these
are relatively small positions.

Speaker 1 (18:26):
Good point Dominos now represents above point four percent of
the portfolio, and Pool is even smaller at point zero
eight percent.

Speaker 6 (18:33):
Than this serious ExM.

Speaker 1 (18:35):
Berkshire owns one hundred and seventeen million shares worth two
point seven billion, which.

Speaker 10 (18:42):
Makes Buffet the largest single shareholder, owning thirty five percent
of that company.

Speaker 6 (18:48):
That's a serious steak in, sirius nice one, Greg. Let's
take a quick break on that note.

Speaker 1 (18:55):
Stay tuned because we'll be back later in the show
to discuss something that hasn't changed with Buffett's investment philosophy.

Speaker 3 (19:04):
Kelly Financial Services eight eight hundred eighteen eighty one.

Speaker 1 (19:09):
I believe that this nation should commit itzel achieving the
goal of landing a man on the Moon and returning
him safely to the Earth.

Speaker 2 (19:18):
Six five four three two one zero, All engine.

Speaker 6 (19:26):
Run, What's what's got on Apollo eleven?

Speaker 2 (19:29):
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

(19:49):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred eighteen eighty one or
visit us at Kellyfinancial dot org. Where do you want
to land with thank gality behavior be ankle I landed.
We are Kelly Financial Services. Come retire with us.

Speaker 3 (20:11):
The money Run with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 6 (20:18):
Good morning.

Speaker 11 (20:18):
This is Greg Murray, Senior Vice president and Chief Compliance
Officer at Kelly Financial Services. Joining me today is Mary
Madeline Kelly, one of our investment advisors.

Speaker 6 (20:27):
How are you doing today? Good morning, Greg, I am
doing great. Thank you for asking. I am thinking of
all of our veterans this weekend as we honor Memorial Day.

Speaker 11 (20:36):
Absolutely, we wouldn't be where we are today without them.

Speaker 12 (20:39):
So today we are diving into a topic that is
crucial for anyone looking to stay on top of their finances.

Speaker 6 (20:46):
The importance of periodic financial reviews.

Speaker 11 (20:49):
Many people set up a financial plan and then forget
about it, but that can be a big mistake. Life changes,
markets fluctuate, and your financial goals might shift over time.

Speaker 12 (20:57):
Absolutely, periodic reviews help ensure that your financial plan is
still aligned with your current life situation and future goals.

Speaker 6 (21:06):
Let's break down why these reviews are so important.

Speaker 11 (21:08):
First off, one of the primary reasons for a financial
review is life events.

Speaker 6 (21:12):
Think about how much can change in the here.

Speaker 11 (21:14):
Getting married, having a baby, switching jobs, or even dealing
with an unexpected health issue. All of these events can
significantly impact your financial situation.

Speaker 12 (21:23):
A financial review helps you adjust your strategies to accommodate
these changes. For instance, after having a child, you might
want to increase your life insurance coverage or start a
college savings plan.

Speaker 11 (21:34):
Another reason to conduct period of reviews is to reassess
your investment portfolio. Markets are dynamic, and what seemed like
a good investment a few years ago may no longer
be the best option.

Speaker 12 (21:44):
True regular reviews can help you rebalance your portfolio to
ensure it matches your risk tolerance and investment horizon. Sometimes
this might mean shifting funds from stocks to bonds as
you get closer to retirement.

Speaker 11 (21:57):
Speaking of retirement, tracking your progress towards your retire and
goals is another key reason for periodic financial reviews. Are
you saving enough? Are your investments performing as is expected?
Our review can help answer these questions and keep you
on track.

Speaker 12 (22:10):
And don't forget about tax planning another critical component. Tax
laws change all the time and what worked for you
last year might not work this year. A financial review
helps you stay updated on these changes and find ways
to minimize your tax burden.

Speaker 11 (22:23):
And let's not overlook debt management. Whether it's a mortgage,
student loans, or credit card debt, a periodic review can
help you formulate or adjust thee strategy to pay it
off faster and save.

Speaker 6 (22:33):
On interest absolutely.

Speaker 12 (22:35):
Tackling debt efficiently can free up more money for investing
or other financial goals. And of course we must mention
emergency funds. Reviewing your finances ensure as you have enough
saved up for unforeseen circumstances.

Speaker 11 (22:47):
Now that we've covered the why, let's talk a little
bit about the how. Mary Madeline, what should somebody expect
during a financial review?

Speaker 6 (22:53):
That's a great question.

Speaker 12 (22:54):
Typically, a financial review will start with updating your financial statements,
so that's like your income, expenses, assets and liabilities. You'll
look at your investment accounts, retirement plans, insurance policies, and
upcoming financial obbligations.

Speaker 11 (23:08):
From there, you should revisit your financial goals. Are they
still realistic and aligned with your current life stage. You
might discover this some goals need to be adjusted or
replaced entirely.

Speaker 12 (23:17):
Next, you and your advisor will analyze your investment portfolio
to ensure it's well diversified and aligns with your risk tolerance.
This might involve selling off underperforming investments and exploring new opportunities.

Speaker 11 (23:29):
And don't forget about a state planning. A financial review
is a great time to make sure your will, trust
and beneficiary designations are up to date.

Speaker 12 (23:36):
Finally, a good financial review will involve a discussion about
any potential financial opportunities or threats on the horizon.

Speaker 6 (23:43):
This proactive approach can help you stay ahead of the game.

Speaker 11 (23:46):
In summary, periodic financial reviews are essential for adapting to
life changes, optimizing your investment portfolio, ensuring progress towards goals,
and staying informed about taxing, estate planning. It's all about
keeping your financial plan, dynamic set and.

Speaker 6 (24:00):
Remember the key is consistency.

Speaker 12 (24:03):
Schedule your reviews at least annually, or more often if
you go through significant life changes exactly.

Speaker 11 (24:08):
Some clients prefer to touch base quarterly or some annually well,
others like to meet annually.

Speaker 12 (24:14):
We are always happy to assist all of our clients.
Please give us a call if you want to schedule
your financial review.

Speaker 11 (24:19):
Thank you Mary Madeline for your time as always, and
I look forward to our next conversation.

Speaker 12 (24:23):
Likewise, have a great rest of your weekend.

Speaker 3 (24:27):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team. Call
a has eight eight hundred eighteen eighty one.

Speaker 2 (24:39):
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 8 (24:50):
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 (25:04):
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

(25:26):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.

Speaker 8 (25:31):
Ladies and gentlemen, sort fact from fiction.

Speaker 2 (25:33):
We are Kelly Financial Services.

Speaker 3 (25:35):
Come retire with us Safe Money Strategies with John Budris
and Kelly Kelly. Call the team on eight eight eight hundred,
eighteen eighty one.

Speaker 6 (25:47):
Care indeed.

Speaker 2 (25:53):
And we are indeed back. I'm John Budris, the co
host of Safe Money Strategies, and as always, thanks for
joining me today. We're going to be discussing a topic
that's very important to many retirees and parents alike, and
that's teaching financial responsibility to the next generation. And let's
be honest, this isn't a one and done kind of

(26:15):
lecture about saving or budgeting. It's really a lifelong series
of conversations that really need to start early and happen
often because the truth is, if we want our children
and our grandchildren to stand on solid financial ground. We
have to be intentional about these lessons we pass down

(26:36):
and pass them down early. We'll explore in this conversation
with missus Kelly why financial responsibility isn't just a skill,
It's really a family value and like every value, it
starts at home. So here to walk us through the
importance of teaching these basics and why hands on experience

(26:59):
is the best classroom is Missus Kelly, CEO of Kelly
Financial Services. Kelly, good morning and happy Memorial Day weekend.

Speaker 4 (27:09):
Good morning, John, Happy to be here with you on
this important Memorial Day Saturday.

Speaker 2 (27:16):
So Kelly, let's kick things off. Why is it so
important to start teaching kids about money at a young age?

Speaker 4 (27:23):
Kids form habits early, and that includes financial habits. Starting
early helps them understand the value of money before bad
habits take root.

Speaker 2 (27:34):
Is there ever a too young time when it comes
to teaching money principles?

Speaker 5 (27:38):
Not really, John.

Speaker 4 (27:40):
Even toddlers can grasp basic calls and effect like saving
coins in a jar.

Speaker 5 (27:46):
By the time they're in elementary school.

Speaker 4 (27:49):
They can learn about saving, They can learn about budgeting
and even earning money.

Speaker 2 (27:55):
What are some of the everyday opportunities that parents can
use to teach their kids. It's about money, Kelly.

Speaker 4 (28:01):
Actually, there are many, such as grocery shopping, paying bills,
and even setting savings goals. Any real life money moment
is a teachable moment.

Speaker 2 (28:13):
Well, that is true. So what are the long term
benefits of having these conversations early?

Speaker 5 (28:19):
I'd say confidence.

Speaker 4 (28:21):
Financial literacy gives kids the confidence to make smart decisions.
It creates a sense of ownership and responsibility.

Speaker 2 (28:30):
What if some parents might think, well, we have the
money talk, we're good. Financial literacy doesn't work that way,
does it.

Speaker 5 (28:39):
It does not.

Speaker 4 (28:40):
Money conversations should be ongoing. Life changes, expenses evolve, and
financial understanding deepens with age.

Speaker 2 (28:49):
What's a good frequency or approach to keep these conversations alive?

Speaker 4 (28:55):
Milestone's John Using birthdays, back to school, or holiday days
as moments to talk about budgeting and spending creates regular,
judgment free check in moments.

Speaker 2 (29:08):
These conversations can be challenging. How would you make these
talks less intimidating for both the parent and the child?

Speaker 4 (29:16):
I'd say frame it around goals, maybe saving for a bike, college,
or their first car. Using positive reinforcement and shared planning
works very well.

Speaker 2 (29:28):
It seems to me that these ongoing talks could also
strengthen the parent child relationship.

Speaker 4 (29:35):
Absolutely, they build trust and transparency. Kids feel respected and included,
which fosters financial maturity.

Speaker 2 (29:45):
Okay, let's break it down a little further. What are
the absolute basics every child should learn?

Speaker 4 (29:52):
Saving, spending wisely and earning? Are the basics? Saving teaches discipline,
spending teaches decision making, and earning teaches value.

Speaker 2 (30:04):
What about giving? Where does that come in?

Speaker 5 (30:06):
John?

Speaker 4 (30:07):
Giving or donating is a core value. It teaches empathy
and community responsibility. Some families even use a give jar
alongside saving and spending jars.

Speaker 2 (30:20):
What about using chores as a gateway?

Speaker 5 (30:23):
That is a great idea.

Speaker 4 (30:25):
Tying allowance to chores helps kids connect effort to reward,
but also give them money to manage so they'll learn
budgeting too.

Speaker 2 (30:35):
Is it ever too late to start these conversations.

Speaker 4 (30:38):
Kelly, John, It is never too late. But the earlier
the better. The sooner they learn, the stronger their future.

Speaker 2 (30:46):
Great advice. It sounds like financial literacy can't all be theory.
It has to be hands on concrete. So can you
tell us more about that?

Speaker 4 (30:55):
Well, John, as I said, kids learn best by doing.
Give them an allowance and letting them budget is a
great start. Perhaps have them save for a goal. These
are all great learning opportunities.

Speaker 2 (31:10):
How about teens and part time jobs?

Speaker 4 (31:13):
That's the next great learning opportunity for teens jobs teach
them discipline as well as about taxes and goal setting.
This all helps them appreciate the value of a dollar.

Speaker 2 (31:28):
Well, there are many tools out there to teach budgeting.
Should parents encourage kids to use budgeting apps or old
school cash envelopes? Hike back in my.

Speaker 4 (31:39):
Day, John, I would say both digital tools help with tracking,
but there's so much power in handling physical money. For
those parents and grandparents out there listening who want to
know what's best, use what works.

Speaker 2 (31:54):
Good to know, So building confidence early is really important.
What are some of the good ways to do this?

Speaker 4 (32:01):
Well, John, I'd say start very small and celebrate small
little wins, helping kids see progress like saving ten dollars
becomes twenty dollars. It creates a sense of pride that
is quite priceless.

Speaker 2 (32:17):
So Kelly, can a financial advisor be part of this
teaching journey?

Speaker 5 (32:22):
Absolutely?

Speaker 4 (32:23):
At Kelly Financial, our advisors will often work with families
across generations, grandparents, parents and children. It's all about continuity
and shared goals.

Speaker 2 (32:35):
So they don't need to go it alone. That's great.
Do you have some resources our listeners can explore if
they have more questions about engaging an advisor.

Speaker 5 (32:45):
We do our free Investor Guide. The value of an.

Speaker 4 (32:49):
Objective opinion highlights why is important to get guidance that
is tailored for them from an independent financial advisor.

Speaker 2 (32:58):
I'm sure our listeners will find this all very reassuring. Kelly,
so thanks to get the guide and make a complimentary
appointment with a Kelly Financial Advisor. Call eighty to eight
eight hundred eighteen eighty one or email Kelly at Kellyfinancial
dot org. It's all the time we have for now,
and thanks so much for joining me. When we return,

(33:20):
we're going to talk about the real challenges facing young
adults today, like debt, inflation and cultural pressures that can
derail even the best intentions. We'll also explore the vital
role that retirees and grandparents can play, not just as providers,
but as financial mentors. After all these years, we should

(33:41):
have accumulated some wisdom to pass on. You are listening
to Safe Money Strategies. The radio show heard right here
on WRKO and streaming on the iHeart app Word in
our twentieth year broadcasting, So thanks for tuning in and
we will be back in a New York minute.

Speaker 3 (34:02):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight A eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 2 (34:13):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty one years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation, call eight eight eight eight hundred eighteen

(34:35):
eighty one or email Kelly at Kelly Financial dot org.
We're Kelly Financial. Come retire with us.

Speaker 3 (34:42):
Safe Money Strategy with John Budris and Kelly Kelly. Call
the team on eight at eight eight hundred eighteen eighty one, Interns.

Speaker 2 (34:57):
And we're back. I'm John Budris, the co host of
Safe Money Strategies, and thanks for joining me this morning.
Financial literacy for the next generation is not just about
dollars and cents. It's about values, it's about habits and
making sure families thrive for generations to come. Earlier, we

(35:17):
explored how to lay the foundation for financial responsibility. Now
we're going to talk about the financial headwinds facing young
adults today, such as crippling student loans they're not going away,
runaway inflation, and culture obsessed with eolo which translates you

(35:38):
only live once and fomo translate fear of missing out
that makes long term planning seem out of reach, irrelevant
or unnecessary, which, of course none of it is. We'll
also look at how retirees and grandparents, those of us
with some wisdom earned through experience, can play upont powerful

(36:00):
role in shaping financial literacy as part of our legacy.
Back with us is Kelly Kelly, the CEO of Kelly
Financial Services. We'll talk about modeling smart financial habits that
build the skills that can sustain wealth and wealth building.
So Kelly, good morning. How are you enjoying this Memorial

(36:22):
Day weekend?

Speaker 5 (36:23):
Good morning, John.

Speaker 4 (36:24):
I am happy to be with you on this Saturday morning,
a Memorial Day weekend. We're so grateful to our servicemen
and women who gave their lives to protect our freedoms.

Speaker 2 (36:36):
Yes, it is the ultimate sacrifice, and we are very
thankful for that. I was out walking in the cemetery
this morning, in every American flag I saw reminded me
of those sacrifices. So, Kelly, let's start by talking about
young people and what they're up against these days. Financially,

(36:56):
it's a tough world out there for them.

Speaker 4 (36:59):
It is john between student debt, high rent, and inflation.
They're under pressure. Plus they're bombarded by spending culture. These
attitudes of you only live once and fear of missing
out make saving feel like a punishment, as if.

Speaker 2 (37:17):
I don't already know, but don't ask the question anyway.
For our listeners, how does that live for today? Mindset
interfere with future goals.

Speaker 4 (37:26):
It delays savings, pushes credit card use, and erodes their
ability to plan long term. The result is that many
enter their thirties or forties with no real financial foundation.

Speaker 2 (37:39):
Sounds like they need some real wisdom. How can older
generations help them push back against that pressure?

Speaker 5 (37:47):
Well, John, by modeling smart habits and teaching delayed gratification,
they can help young adults understand that peace of mind
is worth more than just flashy spending.

Speaker 2 (38:00):
Do you see more parents stepping in to help financially
or is that backfiring.

Speaker 4 (38:04):
It's important to be careful. Some help too much, which
creates dependency. Providing structured help will have more long term
benefits by matching savings and not endless baillouts. The older
generation will teach young people sustainable financial lessons.

Speaker 2 (38:23):
That's solid advice, Kelly, Thank you for that. So let's
talk more now about how retirees or grandparents can teach
these lessons.

Speaker 4 (38:31):
As you said earlier, John, there are the wisdom holders
and their stories do carry weight.

Speaker 5 (38:38):
Talking to young people about.

Speaker 4 (38:40):
What worked and what did not work can deeply impact
these young minds.

Speaker 2 (38:45):
Should they offer money or just guidance?

Speaker 5 (38:48):
It can be both if done thoughtfully.

Speaker 4 (38:51):
Matching savings are contributing to college funds works best when
paired with conversations about budgeting and goals.

Speaker 2 (39:00):
What would you say to a retiree who wants to
help but not enable the young person in their life.

Speaker 4 (39:07):
I'd say set boundaries is okay to offer support, but
don't rescue. Letting them struggle a little isn't mean it
builds resilience.

Speaker 2 (39:17):
And how can sharing their financial journey help.

Speaker 4 (39:20):
Sharing their experiences makes the abstract real. For example, saying
I once live to paycheck to paycheck is far more
powerful than any lecture. Stories create connections.

Speaker 2 (39:36):
Financial literacy is part of the legacy that folks lead
to their children. Can you expand on that?

Speaker 4 (39:43):
Absolutely? John, True, wealth isn't just about assets. It's also
about passing on the mindset and skills to sustain that wealth.
If the next generation doesn't know how to manage it,
the money will not last.

Speaker 2 (40:00):
Teaching them is just as important as funding a college
account or setting up a trust right. It's that whole
teacher man to phish mentality exactly.

Speaker 4 (40:10):
It's that knowledge that becomes the foundation for good stewardship.

Speaker 2 (40:15):
What happens then when that education is missing?

Speaker 6 (40:19):
Well?

Speaker 4 (40:19):
Statistics show that inherited wealth can often be depleted within
two generations if there isn't a solid understanding about how
to preserve it. Lack of preparation in a young person
can cause this.

Speaker 2 (40:33):
So how do we start building that educational legacy today?

Speaker 4 (40:37):
Just talk about the values, not the numbers. Explain why
we save, why we give, and what we're building for.
Make it a part of family culture and it will
have a lot more.

Speaker 2 (40:49):
Meaning what if a family feels as though they've waited
too long, what's your message to them?

Speaker 4 (40:55):
I'd say start now, and even start small. Is never
too late to model a mentor. Although it may feel
as though the best time to start was yesterday, the
next best time is today.

Speaker 2 (41:09):
So that's very encouraging, Kelly, So thanks for that. Financial
advisors can be objective voices for parents and their kids,
can't they right? That's right, John, So it's not just
investment advice, it's mentoring.

Speaker 5 (41:24):
Yes.

Speaker 4 (41:24):
At Kelly Financial, our advisors work with families that care
deeply about financial literacy. We can mentor on how to
teach young people about budgeting, or help college grads set
up wroth iras. We even host family meetings to align
on long term plans.

Speaker 2 (41:43):
Would young people actually listen in these settings.

Speaker 4 (41:47):
More than you'd think, John, When is structured and respectful,
they're eager to learn.

Speaker 2 (41:53):
Well, that sounds like true legacy planning.

Speaker 5 (41:56):
It is passing on wealth and wisdom is the real win.

Speaker 2 (42:01):
What other resources are available for those with questions about
involving their advisors in these conversations?

Speaker 4 (42:08):
Our Free Investor Guide The value of an objective opinion
explains how independent financial advisors offer objective advice that help
clients stay on the path to their financial goals.

Speaker 2 (42:23):
As always, Kelly, your weekly advice is very helpful. To
get the guide and make a complimentary appointment with the
Kelly Financial Advisor, call eight eight eight eight hundred and
eighteen eighty one our email Kelly at Kellyfinancial dot org.
That's all the time we have for now, and thanks
for joining me. You're listening to Save Money Strategies the

(42:44):
radio show heard right here on WRKO and streaming on
the iheartapp. We're in our twentieth year broadcasting and thanks
for that. Stay tuned and we'll be back in just
a moment. And remember this very solemn holiday.

Speaker 4 (43:02):
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 and

(43:24):
eighteen eighty one or email Kelly at Kellyfinancial dot org.

Speaker 5 (43:28):
We're Kelly financial, Come retire with us.

Speaker 6 (43:34):
Welcome back.

Speaker 1 (43:35):
You're listening to safe money strategies and on my two
said Greg Workman is joining me in the studio as
he does most Saturday mornings. Earlier in the show, Greg
and I discussed some of the recent changes in Warren
Buffett's portfolio. Despite all the changes, one thing about Buffett
hasn't changed at all. His love for a highly concentrated portfolio,

(43:56):
no doubt.

Speaker 6 (43:56):
Let's just look at the numbers.

Speaker 10 (43:59):
Apple alone makes up twenty eight percent of Berkshire's US stockholdings,
and that's after he trimmed a bit in twenty twenty four.

Speaker 6 (44:08):
A year ago, it was over forty percent.

Speaker 10 (44:11):
And when you tally up the top five holdings Apple,
Bank of America, American Express, Coca Cola, and Chevron, they
account for nearly seventy five percent of the total portfolio.

Speaker 1 (44:24):
That's not diversification in the traditional sense, but it's intentional.
Buffett once said, diversification is protection against ignorance. Translation, if
you know what you're doing, you don't need to own
fifty stocks.

Speaker 10 (44:38):
And for retail investors, it's a key takeaway.

Speaker 6 (44:41):
Know what you own and why you own it.

Speaker 10 (44:45):
Buffett builds conviction in just a few businesses, and he
holds them for a very long time.

Speaker 1 (44:51):
Let's talk Apple for a second. It's not just a holding,
it's what Buffett calls Berkshire's third business, behind its insurance
in railroad operations. Even after selling a few shares, he
calls Apple even better than American Express and Coca Cola.

Speaker 6 (45:08):
That's high praise.

Speaker 10 (45:09):
And remember those are two stocks that Buffett has held
for decades. AMX since the nineteen sixties and Coke since
the late nineteen eighties.

Speaker 1 (45:20):
That the AMX story is a masterclass in long term investing.
Buffett loves the brand strength, the reliable cash flow, and
the management. Sure, the dividing yield is under one percent,
but it's safe and steadily growing.

Speaker 10 (45:33):
In Coca Cola, he watched that company for over fifty
years before finally buying.

Speaker 6 (45:38):
In in nineteen eighty eight.

Speaker 10 (45:40):
Today, Berkshire Hathaway owns over nine percent of its outstanding shares.
It is a dividend machine with a global footprint.

Speaker 1 (45:49):
So where does Chevron and Occidental fit into all of this?

Speaker 10 (45:53):
Energy is a smart hedge right now, especially with inflation
still outpacing the FEDS two percent target and Chevron while
it offers a juicy four point four percent dividend yield,
and both companies are returning capital two shareholders through buybacks.

Speaker 1 (46:09):
And remember, Buffett doesn't chase tech fads or trendy sectors.

Speaker 6 (46:13):
He buys businesses.

Speaker 1 (46:14):
He understands companies with durable competitive advantages, strong cash flow,
and trustworthy management.

Speaker 10 (46:21):
Absolutely, and that's what makes this so relevant for our show,
Safe Money Strategies. Buffett isn't just making big moves. He's
teaching us how to think about capital preservation and long
term well if.

Speaker 1 (46:36):
You're trying to manage risk in retirement or grow your
portfolio steadily, this is the model focus, patience, and discipline.

Speaker 10 (46:45):
You don't need to mimic Buffett's exact trading, but you
should understand the principles behind his trades. For example, sit
on cash when there's nothing good to buy, be okay
waiting on the sidelines. Buffett more than double Berkshire's cash
pile this past year because he's not going to overpay.

Speaker 6 (47:05):
And he's always claire.

Speaker 1 (47:07):
He's not looking for okay companies at great prices. He
wants great companies at good prices.

Speaker 10 (47:13):
That kind of patience is hard in today's twenty four
to seven investing world. But it's how you stay safe
and build wealth over decades exactly.

Speaker 1 (47:24):
So let's wrap up this show with a few key
takeaways for our listeners.

Speaker 10 (47:28):
Number One, concentration isn't always bad if you truly understand
business that you own. Two, don't be afraid to raise
cash if opportunities aren't there, wait for them. Three, look
for companies with wide modes, stable cash flow, and shareholder

(47:49):
friendly policies like dividends and buybacks.

Speaker 1 (47:52):
And finally, have a long term mindset. As Buffett says,
our favorite holding period is forever.

Speaker 6 (48:00):
Are you confident in.

Speaker 10 (48:01):
Your portfolio's position to whether today's market uncertainty? Let a
trusted financial professional provide a complementary, no obligation review to
help identify hidden risks and opportunities. Call us today at
eight eight eight eight hundred eighteen eighty one or visit

(48:21):
us on the internet at Kellyfinancial dot org to schedule
your free consultation and take the first step towards financial clarity.

Speaker 1 (48:31):
Again, that number is eighty eight eight eight hundred eighteen
eighty one. Call us today. Our team is standing by
to take your call and schedule your spot on our calendar.
With that, I'm Mike du said and I'm Greg Workman.
Join us next week for more safe money strategies.

Speaker 9 (48:52):
Joining us now, as she always does at this time,
the co founder president of Kelly's Financial Services, And yes,
I love her name.

Speaker 6 (49:07):
It really is her.

Speaker 9 (49:08):
Name, Kelly, Kelly, Kelly, how are you?

Speaker 4 (49:14):
Good morning, Jeff?

Speaker 10 (49:16):
I am good.

Speaker 4 (49:17):
Memorial Day is right around the corner, and it's a
time to reflect on family, on freedom, and on the
legacy we're building. Retirement isn't just about dollars. It's about
life and how you want to live it and who
you want to impact. Maybe it's about talking with your
spouse about downsizing, or setting boundaries with adult children, or

(49:41):
making sure.

Speaker 5 (49:42):
Your loved ones know your values.

Speaker 4 (49:45):
These conversations matter, and you don't want to wait for
a crisis. At Kelly Financial, our fiduciary advisors help you
build a plan with care, with clarity, and your best
interest at heart. As we had to the summer, take
a moment to reflect and reach out to speak with
one of our Kelli advisors. Give us a call or

(50:07):
email Kelly at Kellifinancial dot org, or go to our
website for our radio rewind, Jeff, have a wonderful weekend.
My best of Grace and the kiddos.

Speaker 6 (50:17):
It's going to be a rainy weekend.

Speaker 9 (50:19):
Thank you, all the best to you and everyone at
Kelly Financial. Okay, if you want to get a free
copy of their guide, I urge all of you.

Speaker 13 (50:27):
To do so.

Speaker 9 (50:28):
It's packed with wonderful information. Call eight eight eight eight
hundred eighteen eighty one eight eight eight eight hundred eighteen
eighty one. You can also email Kelly herself Kelly at
Kelly Financial dot org, Kelly at Kelly Financial dot.

Speaker 3 (50:46):
Org Safe Money Strategies at eight eight hundred one eight
eight one.

Speaker 14 (51:08):
Okay, you're turned out.

Speaker 13 (51:10):
But what is your name? Though?

Speaker 6 (51:12):
Well?

Speaker 14 (51:13):
Will you Kelly jor So that's gonna doing his work,
but you're gonna help daddy. Okay, you're turned to use
the micros.

Speaker 8 (51:24):
Okay, but I'm going to ask you. I'm going to
ask you some questions and you answer for the people. Okay,
but they want to know about you.

Speaker 14 (51:30):
Well, the microphone is tastic.

Speaker 6 (51:33):
It is I do?

Speaker 13 (51:34):
And what school do you go to?

Speaker 14 (51:37):
Look at that?

Speaker 13 (51:39):
Yes, it's a waveform, so now what school do you
go to?

Speaker 14 (51:41):
School? Is very very fun.

Speaker 13 (51:43):
For me tell us about school.

Speaker 14 (51:46):
I love school. I'm gonna tell you about school. People.

Speaker 8 (51:51):
Okay, don't say people when you're talking to the people
because it makes them feel funny?

Speaker 13 (51:55):
Why it just does? There?

Speaker 8 (51:57):
We know we're talking to the people, but you don't
say people. Okay, okay, Now what is school like? Tell
us what school is like? Do you have a rabbit yep?
In your classroom? What's your rabbit's name?

Speaker 14 (52:10):
Obiglan? And Obi moan?

Speaker 3 (52:13):
Is here.

Speaker 13 (52:15):
One he came pay home this week? Is that exciting?

Speaker 4 (52:19):
Yep?

Speaker 8 (52:19):
It is dad, very exciting. And what else happens at school?
Lom me drops you at school?

Speaker 3 (52:25):
Yep?

Speaker 8 (52:25):
Then you go to your classroom yep. And what is
your teacher's name?

Speaker 14 (52:30):
This is O'Connor.

Speaker 8 (52:32):
And do you say anything when you get together? Do
you all stand up? And then what do you say?
Do you say pledge of allegiance yep?

Speaker 14 (52:39):
At missus O'Connor's school. And then do you say lunchtime
at school too?

Speaker 8 (52:45):
You say your prayers at lunch time yep? And you
like saying your prayers yep. And do you have for
recess at lunch yep? And you come back in yep.
Then you have a time that you don't like, which
is called nap time?

Speaker 13 (52:59):
Right? How come we don't like naptime.

Speaker 14 (53:02):
Because I don't like it?

Speaker 13 (53:04):
You don't Okay, you have to put your head down.

Speaker 14 (53:08):
Yep, but I don't like it.

Speaker 8 (53:11):
But then you wake up and everything's fine, right yep?
And what else do you study there? You're studying about
the planets lately? And what were you learning about the planets?

Speaker 14 (53:19):
About Earth and Mars and Pluto?

Speaker 13 (53:24):
It's Pluto a planet.

Speaker 14 (53:26):
It it wasn't a plant nowadays a planet?

Speaker 13 (53:30):
Good? That's great. What's your favorite planet?

Speaker 14 (53:33):
And I'm going to talk about every month. I could
talk about all the planets of Earth is a planet,
and I would teach you to do some kind of
plants are not a planet. It's some kind of plants
are our planet? Well, Pluto is not a planet.

Speaker 8 (53:53):
But sometimes we like it so much we can make
it a planet, right because it's way way out there.

Speaker 14 (53:58):
Right yepy wait, out of space.

Speaker 13 (54:02):
And what's your other favorite planets?

Speaker 14 (54:04):
Well, outer space is one cool fake. God through rows
our space got throughout.

Speaker 13 (54:12):
The planets, and that's how we had planets, sir.

Speaker 14 (54:14):
Now, God baked Earth. He make the rapness go around slowly.

Speaker 13 (54:20):
Okay, so we're going around.

Speaker 14 (54:23):
Yep, we're going around everywhere to earth.

Speaker 13 (54:27):
Okay, do you want to say goodbye to everybody?

Speaker 14 (54:29):
Bye everybody, and thank you for listening, Thank you for
listening on the microphone.

Speaker 13 (54:36):
Okay.

Speaker 3 (54:45):
We're called Kelly Financial Services. Eight eight eight eight hundred
eighteen eighty one.

Speaker 4 (54:50):
I'm Kelly Kelly from Kelly Financial. Retirement is the time
to enjoy the fruits of your labor, but it's also
a period when financial stability it becomes more critical than ever,
so seeking expert financial advice is essential, regardless of your age.
Professional guidance insureds your assets are allocated wisely, helping your

(55:12):
money last as.

Speaker 5 (55:13):
Long as you need it.

Speaker 4 (55:14):
The advisors at Kelly Financial will help you take charge
of your financial future and preserve your hard earned wealth
to enable you to focus on the retirement you've dreamed of.
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.

Speaker 5 (55:35):
For the guide and a free.

Speaker 4 (55:36):
Consultation with a Kelly advisor, call eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.

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

Speaker 3 (55:49):
Senior safe money Strategies with John Budris 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.

Speaker 10 (56:59):
All opinions express by the host, his guests or employees
of Kelly Financial Services are solely their own and do
not reflect the opinions of Kelly Financial Services.

Speaker 2 (57:05):
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.

Speaker 9 (57:17):
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, Kelly has waive the host's advisory bee in full.

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