Kelly Financial: Saturday, May 3, 2025

Episode Transcript

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

Speaker 2 (00:20):
Good morning, dear Boston. I'm John Boudris and Kelly Financial.
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six point eighty on the AM dial
and online from just about anywhere. Even your tesla be
careful with it these days. Well, we have a lot

(00:41):
on the show today, we of course, will be hearing
from the advisors at Kelly Financial, and later in the show,
Missus Kelly and I will be discussing, you know, an
often overlooked part of planning because most of us are
not business owners, any of us.

Speaker 3 (01:00):
So I would say.

Speaker 2 (01:01):
Probably the majority of us were wage earners or maybe
ten ninety nine earners, but we didn't have a business
that we put our heart and soul in. And that's
what missus Kelly and I are going to be drilling
down on later in the show, is what do you
do with the business that you've worked your whole life

(01:22):
putting together and sacrificed for, not only to make your
retirement safe and secure, but to pass some of the
value of that business onto your kids or your grandkids.
It's a very very important part of planning, So grab
that coffee and join us on the other side of
this break, and we will be right back.

Speaker 4 (01:48):
Safe Money Strategies with John Budrus and Kelly Kelly called
Kelly Financial on eight eight eight hundred eighteen eighty one,
or go to Kelly Financial dot org.

Speaker 5 (02:04):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to our show on this fine Saturday morning.
I am here with my handsome and strong son, William
Kelly Junior, as we chat every Saturday morning.

Speaker 6 (02:19):
Good morning William, Good.

Speaker 7 (02:20):
Morning mom by joined by my beautiful and strong mother.
Oh thank you, of course. I mean, how to get
it from somebody, right.

Speaker 5 (02:28):
Yeah, So this is the thing that I look most
forward to every Saturday, sitting down face to face with
you and sort of recapping our week.

Speaker 6 (02:38):
Me too, our life. Yeah, so how's your life been
this week? William?

Speaker 7 (02:42):
You know, my life has been very, very successful. I'll
say that I'm working on a couple of projects. I
can't mention anything.

Speaker 8 (02:50):
That's just a shame, because I talked for an hour.

Speaker 9 (02:52):
If I could.

Speaker 6 (02:52):
Oh, and I've been sworn to secrecy here.

Speaker 7 (02:55):
And I've sworn many people of secrecy. So unfortunately, ladies
and gentlemen, you will never be finding out until everything's done.
But and it is exciting, yes it is. It's a
lot of work, so we still have a little bit
of a journey to go. However, life has been very
very well following my powerlifting meat, I have been hitting
more strength goals that I could have ever imagined.

Speaker 6 (03:18):
Excellent.

Speaker 8 (03:18):
I PRD this week and my bench press went up.

Speaker 6 (03:22):
What does that mean for listeners who don't.

Speaker 8 (03:25):
Know personal record?

Speaker 6 (03:26):
Thank you, including myself. Okay, what does this stand for?

Speaker 7 (03:30):
So, ladies and gentlemen, A PR stands for personal record
and a one RM is a one rep max, so
it's your maximum strength that you can essentially achieve in
one rep. So my bench press went up to two
eighty five, my squad went up to four to fifty five,
and my deadlift we're going to find out next week.
So I'm very excited because i have another competition coming

(03:53):
up in August.

Speaker 8 (03:54):
I'm looking forward to it and I'm going to make
sure I'm at the top of my game.

Speaker 7 (03:58):
And luckily, ladies and gentlemen, it's it's very crazy.

Speaker 8 (04:02):
If you stick to a program.

Speaker 7 (04:04):
And you do it right and you stay consistent, a
lot of good things can come out of it.

Speaker 5 (04:07):
Absolutely definitely, William, thank you.

Speaker 8 (04:11):
Yes, well, it's been a beautiful week.

Speaker 9 (04:13):
Luckily.

Speaker 8 (04:13):
The first couple of days were absolutely stunning.

Speaker 7 (04:16):
I was I've been outside absolute like, at every chance
that I can get. I haven't working simultaneously tanning and
ladies and gentlemen. If you need tanning expertise along with
financial advice, my sister is your prime person. Nobody can
tan like my sister. She does it perfectly. She knows exactly.

Speaker 8 (04:39):
How to time and schedule everything out.

Speaker 7 (04:43):
Absolutely so she protects herself and she just has like
always gets a perfect tan. And usually I'm out there
doing some dumb stuff and I forget.

Speaker 6 (04:52):
I can't just see it in the sun.

Speaker 5 (04:56):
When I was younger, I think I could, like maybe
high school and college.

Speaker 8 (05:00):
But after that you're able to do stuff outside.

Speaker 9 (05:03):
It's a lot different.

Speaker 6 (05:04):
Absolutely.

Speaker 9 (05:05):
Yeah.

Speaker 7 (05:05):
So whether you're working or whether you're to feel like
you're being productive, yeah, because that kind of gives you
the ability to sit down and not like go insane
from being stuck.

Speaker 9 (05:16):
True.

Speaker 5 (05:17):
I want to wish everyone a wonderful rest of the weekend,
and do keep us on your dial.

Speaker 6 (05:22):
We have some great information coming your way. This morning.

Speaker 5 (05:25):
Mike d Said and Charlie Gable will be joining us
next to share some smart strategies on protecting your business
and your family from financial risk, which is really important
if you're thinking long term. Mary, Madeline Kelly and Greg
Murray will talk about the retirement mistakes they're seeing and
how you can steer clear of them to build a

(05:47):
stronger future. I will return with John Boudris and we
will dive even deeper into wealth preservation for business owners,
covering ways to secure your legacy and protect every thing
you've worked so hard to build. We will have some
wit and wisdom from Bill Kelly, which is.

Speaker 6 (06:06):
Always a high life. William, thank you for chatting with
me this morning. I love you, Honey.

Speaker 8 (06:11):
I love you too, and I'll look forward to next week.

Speaker 2 (06:21):
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 9 (06:31):
You don't have as much left today as you had yesterday.
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 (06:47):
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

(07:08):
eight eight hundred eighteen eighty one to spend some time
with one of our financial advisors.

Speaker 9 (07:13):
Time, ladies and gentlemen, it's not too late.

Speaker 3 (07:16):
We are Kelly Financial. Come retire with.

Speaker 4 (07:18):
Us 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 9 (07:32):
Come retire with us.

Speaker 10 (07:34):
Okay, my friends, if your four oh one k lady
feels like something out of a Stephen King novel, you're
not imagining it. The markets have been all over the place,
up down, sideways. It's like watching the Red Sox go
into extra innings. But listen to me now, don't panic.
The worst thing you can do is cash out and
lock in your losses. Smart investors they stay cool, they

(07:57):
stick to their plan, and they work with p people
they trust. That's where Kelly Financial Services comes in. They're local,
they're fiduciary advisors, and they care about your peace of mind.
They'll help you ride out the storm so you're not
making emotional decisions with your life savings on the line.
Call them today for your free retirement consultation eight eighty

(08:21):
eight hundred eighteen eighty one eight eight eight eight hundred
eighteen eighty one or email Kelly at Kelly Financial dot org.
That's Kelly at Kelly Financial dot org.

Speaker 11 (08:36):
Good morning.

Speaker 12 (08:36):
I'm like you, said, chief Operating officer at Kelly Financial Services,
and you are listening to save money strategies. As always,
I'm joined by one of the trusted financial advisors on
our team, Charlie Gable.

Speaker 11 (08:48):
Good morning, Charlie, Tay good.

Speaker 13 (08:49):
More and Mike and good morning to our listeners.

Speaker 12 (08:51):
It is always an uphill battle to fatten your savings account,
whether you are still working or in retirement, you worked
hard for your money and.

Speaker 11 (08:58):
Your savings account is the proof.

Speaker 12 (09:00):
Today we'll cover some proven ways to get the savings
account back on track. If you're already a good saver,
we challenge you to tick the boxes as we walk through.

Speaker 11 (09:09):
Ways to keep more of your heart earned cash.

Speaker 9 (09:11):
No.

Speaker 13 (09:11):
Ever, so subtly, priorities can shift, and that savings account
balance either slips away or stops growing at the rate
to use to.

Speaker 12 (09:18):
Let's start with insurance. Our first tip is don't be
under or over insured.

Speaker 11 (09:24):
If you are over insured, you.

Speaker 12 (09:25):
May be paying too much for auto, home, and or
renter's insurance, life and health insurance.

Speaker 13 (09:30):
As you know, on I average, Americans spend fourteen percent
of their total income on insurance. This number falls to
twelve percent for renters. This is a sneaky spending category
because premiums are oftentimes baked into a mortgage or automatically
deducted once a year from a checking or savings account.

Speaker 9 (09:47):
It's easy to lose track.

Speaker 12 (09:49):
If you're a senior, the cost of being fully insured
is higher. According to the same study that child just cited,
senior spend twenty three percent of their total income on
their insurance average.

Speaker 13 (10:00):
I know that one of our advisors here had a
conversation with a client that was over insured.

Speaker 9 (10:06):
Mike, you know the details on that.

Speaker 12 (10:08):
Yeah, this is an extreme example, but a real example.
This couple had eleven policies with premiums of sixteen thousand.

Speaker 11 (10:15):
Dollars per year.

Speaker 12 (10:16):
The kids are out of the house, their home is
paid off, and they have no debt.

Speaker 11 (10:19):
In our opinion, it was.

Speaker 12 (10:21):
Hard to justify the expense without an insurable need.

Speaker 9 (10:24):
Wow, sixteen grand a year.

Speaker 13 (10:26):
That's over thirteen hundred dollars a month that could be
used for everyday living expenses, even a vacation fund or
possibly investment account, or just spoiling the grand kids. That's
a lot of found money. From a financial planning standpoint.

Speaker 11 (10:38):
Yeah, it turned out to be a case of autopilot.

Speaker 12 (10:41):
The policies were set up years ago and it was
a set it and forget it automatic deduction from the
couple's savings.

Speaker 13 (10:47):
You know, Mike, I know you've got a lot of
experience on the insurance side.

Speaker 9 (10:51):
How much life insurance is the right amount?

Speaker 12 (10:54):
As a general rule of thumb, you need enough life
insurance to cover your obligations after you're gone.

Speaker 11 (10:59):
If you have family would be on the.

Speaker 12 (11:00):
Hook for debts after you die. Life insurance is a
way to provide those funds. There are free online calculators
that will help you work through debt and income replacement calculations.

Speaker 11 (11:11):
One tip is not to skimp your income.

Speaker 12 (11:15):
Likely will rise over the years, and so will your expenses.
While you can't anticipate exactly how much either of these
will increase, a Christian helps make sure your spouse and
kids can maintain their lifestyle.

Speaker 13 (11:27):
And you know it doesn't have to be done all
at once. You can buy more than one life insurance
policy to vary your coverage as your needs EBB and flow.
For instance, you could buy a thirty year term life
policy to cover your spouse until your retirement, and then
maybe a twenty year policy to cover your children until
they graduate from college.

Speaker 12 (11:45):
At the end of the day, life insurance is an
integral part of your overall financial plan. Talk the numbers
through with your family and make sure your spouse or
significant other is on the same page.

Speaker 13 (11:54):
Well, if you're just joining us today, we're talking about
some creative ways to fatten your savings account and keep
more of your heart earned cash.

Speaker 12 (12:01):
The next idea will be painful for some in welcome
news to others one word budget Budgeting is not always enjoyable,
but in the age of technology, there are new tools
available to help simplify the process.

Speaker 13 (12:13):
Whether you're working or you're enjoying retirement. Knowing where your
money is going is the linch pin to your financial plan.
And our last example of being over insured, our client
uncovered over thirteen hundred dollars per month and that could
be diverted back to their savings account.

Speaker 12 (12:27):
That's an extreme example, but think about it this way.
If you could find just one hundred dollars per month
to divert to an investment program earning a hypothetical rate
of return of five percent, you'd have over fifteen thousand
dollars and ten years. If you started right now with
one hundred dollars per month and one hundred dollars per
month thereafter, that's a big deal.

Speaker 13 (12:47):
You know, I'd be motivated change my spending habits if
I could add over fifteen thousand dollars to my plan
over the course of the next ten years. And thanks
to inflation, one hundred dollars is really just simply skipping
dinner for two maybe once a week.

Speaker 9 (13:00):
That's easy.

Speaker 12 (13:00):
In my opinion, technology is at our fingertips, some good
and some bad. But there are basic budget apps that
connect with your financial accounts, track spending, and categorize expenses
so you can see where your money is going.

Speaker 13 (13:14):
And you know most of these apps track your expenses
and place them in budget categories so you can personalize
these categories, which are unlimited. Typically, you set those limits
for these categories, and most of the apps let you
know if you're.

Speaker 9 (13:26):
Approaching those limits.

Speaker 13 (13:27):
Besides for those budgeting features, apps may help users pay
down debt, save more money, and even track their goals.

Speaker 12 (13:33):
It is very common to be nervous about whether you
have saved enough for retirement when you do not have
a good idea about what you have been spending and
what amount of spending will help you to support a
comfortable retirement lifestyle.

Speaker 13 (13:44):
And perhaps you already have sufficient savings, which could be
a great comfort. If underfunded, though, you can design a
plan for how to respond. Decisions include delaying your retirement,
reducing budgeted expenses, or assuming a higher rate of return
on your asset. The sooner you make those decisions, generally,
the better the impact on your financial plan.

Speaker 12 (14:05):
Having a budget in knowing where the money goes will
give you peace of mind and clarity. The areas that
need improvement will quickly float to the surface.

Speaker 13 (14:13):
As planners, we acknowledge that budgeting for retirement when you're
still working or about to step away from work is
very difficult because many of the expenses will change alongside
the act of actually retiring. New retirees undergo changes to
their lifestyle, so some budget items increase while others decrease.

Speaker 12 (14:30):
The earlier you establish that baseline, the better where human
and where creatures of habit and routine, from daily toothbrushing
to the eleven am coffee, we all have dozens of
habits that get us through our daily routine. Some of
those habits are directly linked to our spending habits.

Speaker 13 (14:45):
And like any habits, some of those spending habits are
healthy and some aren't. The best case scenario would be
to work on breaking the unhealthy spending habits while you're
still earning income from employment, so when you get to
retirement and the employment income stops, it will be in
a better position for long term budget success.

Speaker 12 (15:02):
If apps aren't your thing, then check out your credit
card company's website. Typically households use one or two cards
for their operating budget. Most credit card company websites allow
for a spreadsheet download off every expense by category.

Speaker 11 (15:14):
Let's take a break. When we return, we'll.

Speaker 12 (15:16):
Continue our discussion and provide you with more tips and
tricks to keep your savings account.

Speaker 4 (15:20):
Growing Kelly Financial Services eight eight hundred, eighteen eighty one.

Speaker 2 (15:28):
There's nothing like running the Boston Marathon on mark. Even
before crossing the start line, you must spend months planning
in advance, training your body, becoming familiar with the terrain,
preparing for all weather conditions, adjusting fuel and hydration, and
testing your gear. Many runners visualize their race, setting that

(15:50):
personal record and seeing themselves finishing strong. When it comes
to your retirement, what do you see? A fulfilling retirement
requires the same kind of planning, preparing, adjusting, testing, and
goal setting as for a marathon. Let their retirement coaches
at Kelly Financial Services help you cross the finish line.

Speaker 3 (16:11):
In the greatest race of your life.

Speaker 2 (16:13):
So call eight eight eight eight hundred and eighteen eighty
one or visit Kellyfinancial dot org. When you mark, get set,
go to Kelly Financial Services. Come retire with us The
Money Wrap with Kelly Financial Advisors Greg Murray and Mary
Madeline Kelly.

Speaker 9 (16:33):
Good morning.

Speaker 14 (16:34):
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.

Speaker 9 (16:42):
How are you doing today?

Speaker 15 (16:43):
Good morning, Greg, I am doing great.

Speaker 8 (16:46):
Thanks for asking.

Speaker 15 (16:47):
I'm just returning from a trip across the pond to Amsterdam.

Speaker 14 (16:51):
That sounds amazing. The closest I've been to Amsterdam is
their airport, and I do have to say it's a
very nice airport.

Speaker 9 (16:57):
How was your trip.

Speaker 15 (16:58):
It was a fabulous trip and indeed a very nice airport.
I had actually never been there, so it was really
special to experience it for the first time, and seeing
the tulips was certainly a highlight, and I will definitely
be back.

Speaker 9 (17:10):
That is something that I would love to see.

Speaker 14 (17:11):
And it's cool that you got to see the cause
of one of the largest financial bubbles of all time.

Speaker 8 (17:16):
Now that's a topic for another day.

Speaker 15 (17:18):
Today, we're talking about something that's not just for your
closets Spring cleaning your finances.

Speaker 9 (17:24):
That's right.

Speaker 14 (17:25):
Spring is the perfect time to refresh not just your home,
but also your money habits. We're talking digital clutter, outdated subscriptions,
and even old investment discounts you forgot existed.

Speaker 8 (17:35):
Let's start simple.

Speaker 15 (17:37):
One of the easiest wins canceling unused subscriptions, streaming services,
gym memberships, apps that auto renew We all have them.

Speaker 14 (17:45):
Yes, I had a client paying for three different meditation apps.
Three that's forty five dollars a month that she didn't
realize was disappearing.

Speaker 15 (17:52):
That adds up to over five hundred dollars a year,
and that's just one category. A good rule of thumb
is to go through your your credit card and bank
statements from the past two months and highlight anything you're
not actively using exactly.

Speaker 14 (18:06):
And while you're in there, it's a great time to
update passwords, especially if you are reusing the same one
across multiple accounts. Use unique secure passwords for financial accounts,
maybe even consider a password manager. Financial security is part
of financial health. Now.

Speaker 15 (18:21):
Another big one old or scattered investment accounts. If you've
had more than one job, there's a good chance you've
got to stray for a one K or ira hanging
out somewhere right.

Speaker 14 (18:31):
We call these orphan accounts. They might not be performing
well or they're just not aligned with their current goals.
Consolidating them can help you manage your investments more efficiently
and sometimes reduce fees.

Speaker 15 (18:41):
We've had clients who find a couple thousand dollars just
sitting in a forgotten account, So yes, definitely worth the effort.

Speaker 14 (18:48):
And speaking of goals, Spring is a great time to
revisit your financial goals. Maybe you were focused on saving
for a home last year, but now it's paying off
student loans or planning a trip.

Speaker 15 (18:57):
Your goal shift as your life changes, and your budget
should ship with them. A little seasonal reflection can help
realign your spending with what really matters to you.

Speaker 14 (19:07):
Another quick win check your insurance policies. A lot of
people set it and forget it. Are your coverage levels
still appropriate?

Speaker 9 (19:13):
Could you be.

Speaker 15 (19:13):
Overpaying or undercovered, especially for life insurance or homeowner's policies.
If you've had any big life changes like marriage, kids, renovations,
now's the time to review.

Speaker 14 (19:24):
And finally, let's talk about emergency funds. Inflation has changed
a math a bit. What used to be enough might
not cut it.

Speaker 15 (19:30):
Anymore, right if you haven't topped up your emergency savings
in a while, aim for three to six months of
essential expenses and keep it somewhere liquid like a high
yield savings account so to.

Speaker 14 (19:41):
Recap, cancel on new subscriptions, consolidate accounts, update passwords, review goals,
check your insurance, and top off your emergency fund.

Speaker 15 (19:50):
Spring cleaning isn't just about tossing old chunk. It's about
making space for what works, and your finances deserve that
same kind of clarity.

Speaker 14 (19:58):
We always say a little bit of effort now can
save a lot of stress later.

Speaker 8 (20:02):
You nailed it well.

Speaker 15 (20:03):
Greg, Thank you for your time today and I will
see you next week.

Speaker 9 (20:06):
You do, Marry Madeline, have a great weekend.

Speaker 4 (20:08):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team, call
A eight eight hundred eighteen eighty one.

Speaker 2 (20:21):
I'm John Boudris, and welcome to a new edition of
Kelly Financials.

Speaker 3 (20:25):
What would Bill say?

Speaker 2 (20:27):
The wit and wisdom of the late Bill Kelly. Today
we'll address fact from fiction.

Speaker 9 (20:33):
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 (20:46):
Download Kelly Financial's Consumer Guide simply called the value.

Speaker 3 (20:50):
Of an objective opinion.

Speaker 2 (20:52):
With so much at stake with your retirement future, you
don't just want any financial advice, but objective financial advice
and as a fiduciary, Kelly Financial puts your interests above
all else. Go to Kellyfinancial dot org or call eight
eight eight eight hundred eighteen eighty one to get the guide.

Speaker 9 (21:13):
Ladies and gentlemen, sort fact from fiction.

Speaker 3 (21:15):
We are Kelly Financial Services. Come retire with us.

Speaker 2 (21:25):
That was one small step for Neil Armstrong, but when
it comes to your financial future, it's a giant leap.
Achieving your desired retirement isn't a leap. It requires good planning,
one step at a time. Let Kelly Financial help you
take those crucial first steps today. To get started, call
eight eight eight eight hundred eighteen eighty one or visit

(21:45):
Kellyfinancial dot org. We are Kelly Financial. Come retire with us.

Speaker 4 (21:50):
Safe Money Strategies with John DRIs and Kelly Kelly. Call
the team on eight eight eight hundred eighteen eighty one.

Speaker 1 (21:59):
Thank you.

Speaker 3 (22:03):
And we're back.

Speaker 2 (22:03):
I'm John Budris, the co host of Safe Money Strategies,
and thanks for joining me this morning. Well, you've spent
years building your business, but without the right strategies, everything
you've worked.

Speaker 3 (22:14):
For could be vulnerable.

Speaker 2 (22:16):
So how can you protect your hard earned wealth and
your future and keep it for your kids or your grandkids,
or sell it to make your retirement even better. Well,
we are going to be diving into this critical topic
for every entrepreneur and business owner, and that's wealth preservation.
Here to talk about how you can secure what you've

(22:36):
built and pass it on wisely at tax efficiently is
Kelly Kelly, the CEO of Kelly Financial Services. She'll be
sharing some tips business owners can use to protect their
most important asset. Kelly, good morning and welcome. I hope
your cup of coffee is big because this is a
big subject.

Speaker 5 (22:57):
Good morning, John, happy to be here with you if
you on this Saturday morning. I've got my coffee and yes,
I agree, this is a very big subject we're talking
about today. Feels like we've had quite a few big
ones the last few Saturdays.

Speaker 3 (23:13):
So let's jump right in. Kelly.

Speaker 2 (23:15):
Why is wealth preservation such a critical issue for business owners?

Speaker 5 (23:20):
Well, John, business owners often reinvest everything back into their business,
assuming that one day they'll sell it for a large sum.

Speaker 6 (23:29):
But the reality is only a.

Speaker 5 (23:32):
Small percentage of businesses actually sell at the value owners expect.
Without proper planning, business owners could spend thirty years building
something and walk away with far less than they need
to retire comfortably.

Speaker 2 (23:48):
What are some common mistakes you see entrepreneurs make when
protecting what they've built.

Speaker 5 (23:53):
One big mistake is failing to separate personal wealth from
business assets. Another is delaying succession or exit planning until.

Speaker 8 (24:05):
It's too late.

Speaker 5 (24:06):
Many also ignore tax planning or underestimate liability exposure, and
all of that puts their future at risk.

Speaker 2 (24:16):
Okay, so how does owning a business complicate traditional retirement planning.

Speaker 5 (24:22):
Traditional retirement planning assumes predictable income and contributions over time.
Business owners often experience irregular income, diverse tax structures, and
delayed liquidity. It takes specialized strategies to navigate that.

Speaker 2 (24:42):
So why is it so risky to rely solely on
the sale of their business to fund retirement.

Speaker 5 (24:48):
Well, because market timing, buyer interest, and valuations can fluctuate.
And what if there's no buyer when they're ready to sell,
or if an illness for versus an early exit. That's
why diversifying assets and planning ahead is so very important.

Speaker 2 (25:09):
Okay, let's talk about making that wealth real. How do
business owners turn business equity into actual money they can.

Speaker 5 (25:19):
Use it starts with treating their businesses like assets, not jobs.
Developing a plan to extract value through dividends, partial sales, recapitalizations,
or buy sell agreements can help convert equity into investible
capital over time.

Speaker 2 (25:40):
How early should business owners be planning for liquidity?

Speaker 5 (25:44):
Ideally five to ten years before they want to exit.
That allows for time to increase the value, clean up financials,
reduce taxes, and put the right legal structures in place.

Speaker 2 (25:58):
Okay, what about the exits strategies that preserve wealth and
minimize tax exposure.

Speaker 5 (26:04):
I would say business owners should talk to their financial
advisors well in advance as they consider exit strategies. Some
options could include installment sales, family limited partnerships, or charitable
remainder trusts. Each has its pros and cons, but they
all offer tax deferral or reduction advantages when used properly.

Speaker 2 (26:29):
Kelly, what's a phantom exit? I've heard that term thrown
around now and again.

Speaker 6 (26:35):
John.

Speaker 5 (26:35):
That's when a business owner structures income streams or takes
distributions from the business as if they've sold it, but
without actually selling it. They would retain ownership and control
while enjoying some of the financial freedom and exit would provide.

Speaker 2 (26:54):
Well, let's come back to taxes. We've touched on that earlier.
As you know, Kelly tax code, it's a beast. So
how does tax planning factor into wealth preservation?

Speaker 5 (27:06):
Taxes can quietly erode wealth over decades. Smart planning can
legally minimize income, capital gains a state, and even gift taxes.
That's where real money is saved and preserved.

Speaker 2 (27:20):
Where do business owners fall into tax traps during transitions
or sales?

Speaker 5 (27:26):
Our Kelly Advisors have seen business owners without a plan
trigger tax events. Some even pay taxes twice, once on
business income and again on the sale. Planning avoids that
when it comes to tax professionals, should business owners just
use a CPA or would it be better to build

(27:48):
a full financial team The latter John Although a CPA
is vital, they focus on tax filings. Our Kelly Advisors
are forward looking planners and we partner with experienced estate
planning attorneys. Having a coordinated team will certainly deliver the
best results.

Speaker 2 (28:09):
Okay, one more, does having a long term relationship with
a financial planner really matter?

Speaker 6 (28:16):
Absolutely?

Speaker 5 (28:18):
Wealth preservation is not a one time event, is an
ongoing process. Markets change, laws, change goals evolve, and at
Kelly Financial, our advisors are trusted planners who can help
business owners adapt, course, correct and stay aligned with their vision.

(28:40):
We also offer a free investor guide, Five Retirement Planning
Missteps to Dodge, which outlines five common mistakes business owners
can avoid when planning for retirement.

Speaker 2 (28:53):
As always, Kelly very informative. Thanks so much for being
with us. So to get the guide and to make
that complementary appointment with the Kelly Financial Advisor, call eight
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. That's all the time we have now,

(29:14):
Thanks for joining me. When we return, we will cover
family succession plans for your business as well as asset
protection and preservation. You're listening to Safe Money Strategies the
radio show heard right here on WRKO and streaming on
the iHeart app. We are in our twentieth year broadcasting,

(29:34):
so thanks for tuning in and stay tuned. We'll be
back in just a moment.

Speaker 4 (29:42):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.

Speaker 2 (29:53):
Ready to enjoy your golden years without worry at Kelly
Financial We know retirement planning can be overwhelming. With more
than twenty one years of experience, our friendly team of
advisors makes it easy and stress free. Trust us to
help you create a secure and enjoyable future. For a
free initial retirement consultation, called eight eight eight eight hundred

(30:15):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with.

Speaker 4 (30:22):
Us Safe Money Strategies with John Budris and Kelly Kelly.
Call the team on eight eight eight hundred eighteen eighty one.

Speaker 3 (30:31):
And we're back.

Speaker 2 (30:39):
I'm John Boudris, the co host of Safe Money Strategies,
and thanks for joining me this morning. We're building a
business is a lifetime achievement. It's the result of endless hours,
sleepless nights, countless sacrifices. You just think of all of
the kids practices and games and recitals and reheard hustles

(31:00):
and everything that you'd like to do, well, you've put
it off. But preserving the wealth that comes from those
kinds of success and sacrifices, well that's a whole other
challenge for business owners. Wealth isn't just about profits today,
It's about protecting what you've built for tomorrow. From taxes

(31:22):
and market volatility to legal risks and succession planning, there
are countless threats that can erode everything you've worked so
hard to create. And if you're not actively preserving your
wealth while you're leaving your future exposed. So let's bring
back Kelly Kelly, the CEO of Kelly Financial Services. She'll

(31:42):
talk about how business owners can safeguard their success, navigate
the risks, and create a financial legacy that truly lasts. Kelly,
Good morning, and welcome back.

Speaker 5 (31:54):
Good morning, John, Happy to be back with you on
this Saturday morning.

Speaker 2 (31:58):
Well, let's get right to it. What are the biggest
threats to a business owner's wealth today?

Speaker 5 (32:04):
It may not be exactly what folks think, John, Lawsuits,
creditor claims, divorce, business failure, and regulatory changes are the
big five. Many owners are just one legal issue away
from a financial disaster.

Speaker 2 (32:23):
So legal structuring is important. How will this protect their wealth?

Speaker 5 (32:28):
John, It's crucial and critical. LLC's corporations and family limited
partnerships can each shield personal assets from business liabilities. Done right,
these structures form a legal moat around their wealth.

Speaker 2 (32:46):
What about insurance? Is it real protection or just a
money drain if it is tailored properly. Insurance is essential.

Speaker 5 (32:56):
Umbrella liability, key person coverage, business interruption, and even personal
liability coverage can be the difference between survival and bankruptcy.

Speaker 2 (33:08):
Okay, so what's your take on asset protection trusts?

Speaker 5 (33:12):
They are powerful tools, especially for high risk professions or
wealth over five million dollars. They move assets out of
your personal estate into a protected trust, making them harder
to access in lawsuits or creditor claims.

Speaker 2 (33:31):
Great advice, So let's pivot a bit. Let's talk succession planning.
This is often overlooked. What's the number one thing that
can derail this?

Speaker 5 (33:41):
John I would say lack of communication. Sometimes owners assume
airs want the business, or maybe the owners do not
set clear expectations, and this can create resentments. It can
create disputes or even business fail Oh, you're after the transition.

Speaker 2 (34:02):
How would they manage the emotional side of handing over control?

Speaker 11 (34:06):
Then?

Speaker 5 (34:07):
By starting early and involving the family and planning. At
Kelly Financial, we recommend using facilitators, having written succession plans,
and we can help with coaching to ensure clarity. Emotions
can run high, but structure.

Speaker 2 (34:26):
Helps and buy sell agreements. What role do they play?

Speaker 5 (34:30):
They're actually essential. They define who can buy in, at
what price and under what terms, funded by sales, ensure
that ownership transfers don't cripple the business or the family.

Speaker 2 (34:45):
Well, if there are multiple errors, how would the owner
keep it fair?

Speaker 5 (34:50):
Sometimes equal isn't fair. At Kelly Financial we may recommend
keeping ownership separate from management or using life insurance to
equalize inheritances. The goal is to avoid conflict and preserve
both family harmony and the business.

Speaker 2 (35:09):
So when it comes to wealth preservation, it's important to
have that plan. That is true from Kelly Financials perspective.
What would a full preservation plan actually look like?

Speaker 5 (35:21):
Kelly Well John starts with a full financial inventory, business,
personal tax exposure and risk tolerance. Then we would build
out an integrated strategy considering the legal structures, retirement vehicles,
asset protection, estate planning, and an exit strategy. This would

(35:45):
all be under one umbrella.

Speaker 2 (35:47):
What would it be like working with a new client?
What would you ask of them?

Speaker 5 (35:52):
It starts with a discovery session. What are your goals?
What is your timeline? From there, we create a roadmap,
starting with protecting current assets. Then our Kelly Advisors would
move to tax planning, succession and finally retirement income strategy.

Speaker 2 (36:13):
That's a lot of change. What's the mindset shift they
need to make?

Speaker 5 (36:18):
Actually, it may be hard to do, but is best
to stop thinking like a worker and start thinking like
a steward. They're not just running a business, They're managing
an asset and they owe it to themselves and their
families to protect it.

Speaker 2 (36:35):
What if someone's starting from scratch today, I would say
step one, get educated. Step two would be get help.
We are available contact us. The worst plan is no.

Speaker 5 (36:50):
Plan, and I say the sooner you start, the more
options you will have for.

Speaker 2 (36:57):
Any new listeners out there. How do you build trust
with clients over time?

Speaker 5 (37:02):
We focus on education, We focus on transparency, and we
focus on service. There's no sales pressure, just honest advice,
and over time, I feel like our clients see us
not just as advisors, but as partners in their success.

Speaker 2 (37:23):
We talked earlier about the value of a full financial team.
How does a financial advisor add value beyond what a
CPA or an attorney already does.

Speaker 5 (37:34):
At Kelly Financial, we coordinate with those professionals, but our
job is to see the full picture. We look at
all the parts taxes, investments, insurance, estate planning and how
they all work together. With that holistic view, it often

(37:55):
uncovers opportunities others miss.

Speaker 2 (37:58):
How should someone go boat finding that right advisor for
their needs.

Speaker 5 (38:03):
Look for someone who listens, not just talks. Ask about
their process, their philosophy, and their experience with business owners,
and don't be afraid to walk away if it doesn't
feel right. We also have a free investor guide five
retirement Planning Missteps to Dodge that business owners can use

(38:25):
when preparing their preservation plans so they don't miss any
important steps along the way.

Speaker 2 (38:32):
This has been really insightful today, Kelly, and thank you
for that. To get the guide and make a complimentary
appointment with a Kelly Financial Advisor called eight eighty eight
eight hundred eighteen eighty one or email Kelly at Kellyfinancial
dot org. That's all the time we have for now,
and thanks so much for joining me. You're listening to

(38:53):
Safe Money Strategies. The radio show heard right here on
WRKO and streaming on the iheartapp were in our twentieth
year broadcasting, so thanks for that, and we will be
back in.

Speaker 3 (39:04):
A new York Beneta.

Speaker 4 (39:08):
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. Come Retire with Us.

Speaker 5 (39:22):
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

(39:44):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.

Speaker 11 (39:53):
We're back.

Speaker 12 (39:53):
I'm like you, said, chief operating officer at Kelly Financial,
and I'm joined by one of the trusted financial advisors
on our team, Chollie Gable. Today we're talking about moves
you can make today to increase your rate of savings
to recap.

Speaker 11 (40:06):
We've covered insurance. Don't be over insured. This can be
costly and is money you can apply elsewhere.

Speaker 13 (40:12):
Sometimes the price of building wealth can be a high
savings rate, which takes discipline. It's not glamorous to drive
a seven year old Honda while your colleagues and friends
drive brand new BMW's. But if you want to build
true wealth, it's time to get serious about your savings
rate and start funneling money into growth or income oriented
investments that will make you truly rich instead of just rich.

(40:34):
Looking to your friends.

Speaker 12 (40:36):
Reminds me of the phrase big hat, no cattle. Your
spending habits may look rich, but your savings and investment
accounts are anything. But we've covered budgeting and not overpaying
for insurance. What are some other ways our listeners can
maximize their savings rate?

Speaker 13 (40:50):
Automate that savings and remember, saving more money is a
behavioral problem. The more you rely on discipline to save,
the less likely you are to meet your target savings rate.
Mortgage or insurance bills automatically deducted from your checking account,
do the same with your savings. Corral that bad behavior
by setting up automatic contributions to your savings and investment accounts.

Speaker 12 (41:11):
Prioritize. Paying yourself so easy, but so few of us
do it. What else can we look at doing to
improve our savings?

Speaker 13 (41:18):
Make sure you capitalize on matching contributions. Who doesn't love
free money? Take advantage of an employer contribution to your
retirement savings. For example, let's say your employer offers one
hundred percent match for the first four percent of your
salary that you contribute to your own four to one
K account, and then a fifty percent match for the
next two percent that you contribute, for a maximum employer

(41:39):
contribution of five percent of your salary. That's an extra
five percent in your effective savings rate, free of charge.

Speaker 11 (41:46):
Another great point.

Speaker 12 (41:47):
All you have to do is what you should be
doing anyway, saving money for your retirement. Don't assume that
you know everything about your company's benefits. If you don't
have a crystal clear understanding of your employees' retirement benefits,
make an appointment with your HR department. Make that free
money in the form of an employer match work for you,
all right?

Speaker 13 (42:07):
So time for a big one, and this one may
sting a bit. The third largest expense in most people's
budgets is food. Sure, a dinner out is nice every
once in a while, but that's an entertainment expense, not
a food expense. Beyond charging several times the cost of
ingredients restaurants also mark up beverages such as wine by
two four hundred percent, according to Business Insider, not to

(42:30):
mention the extra fifteen percent to twenty percent for a tip.

Speaker 12 (42:33):
Yeah, I get sticker shock every time I go out
for dinner with my family. Everyone likes the time saving convenience,
especially during the work week, of a pre cooked mail,
but that convenience comes at a big cost when you
look at the opportunity cost of diverting. Just a small
fraction of that take up money elsewhere in the budget.

Speaker 9 (42:50):
Yeah, and I.

Speaker 13 (42:51):
Try to practice what we preach, you know. I save
money on lunches by bringing lunch to work every day,
and my wife and I cook a double portion for
dinner so we have leftovers to you throughout the week.

Speaker 12 (43:01):
Transportation is the second highest expense in most people's budget,
and it's far far higher than most people assume. The
cost of owning, maintaining, and driving a car includes not
just the car payments, but also insurance, gas, maintenance and repairs,
and parking.

Speaker 9 (43:17):
You know, Like, I'm.

Speaker 13 (43:18):
Always surprised that most of the retired households we meet
with still maintain two cars or possibly more. That's a
big expense and when it comes down to it, most
folks acknowledge that one car sits around more than another,
so that is a big money saver.

Speaker 12 (43:32):
There's another situation we bump into high interest debt. If
you have a credit card debt at twenty four percent
interest and you have an investment opportunity, you expect we'll
earn a ten percent return on investment. Should you put
your savings towards paying off your credit card debt first
or investing money first?

Speaker 13 (43:49):
Well, it's not a trick question. You have an effective
return of twenty four percent by paying off the debt
compared with a possible return of ten percent on the investment.
Do everything you can to pay off credit card debt
as quickly as possible. The interest you pay by carrying
a balance is lost money, money that you can't put
towards building wealth.

Speaker 11 (44:07):
The reverse is true.

Speaker 12 (44:09):
If you have low interest at and you can invest
at a higher rate, then you should earn the higher
rate and invest. Of course, we recommend running numbers with
your financial advisor prior to making that decision, but is a.

Speaker 11 (44:22):
Sound rule of thumb. A good example is.

Speaker 12 (44:25):
Folks adding additional payments to mortgaging car payments that may
not be the best idea.

Speaker 13 (44:30):
Well, if you're worried that your retirement savings might not
stretch as far as you need them to, it's time
to take action. So call us today and schedule a
complimentary consultation with our team. You can reach us at
eight eight eight zero zero one eight eight one. Call in,
schedule your appointment and let us walk you through our
complete retirement income review and analysis. And with that, my

(44:51):
name is Charlie Gable.

Speaker 12 (44:52):
And I Mike you said join us next week for
more safe money strategies.

Speaker 10 (45:01):
Joining us now, as she always does at this time.

Speaker 9 (45:05):
She is the co founder.

Speaker 10 (45:07):
President, CEO of Kelly Financial Services, and yes, that is
her wonderful name.

Speaker 6 (45:14):
Kelly Kelly Kelly, how are you.

Speaker 5 (45:20):
Good morning, Jeff, I am good. Helping an adult child
financially can bring up a lot of emotion, whether it's
student loans, a down payment, or childcare. Your heart says yes,
but your head says, can I.

Speaker 6 (45:35):
Really afford this?

Speaker 5 (45:36):
At Kelly Financial, our advisors help families walk that line
every day. We're not just here to run numbers. We're
here to serve as your neutral, third party guide. We
take a close look at your retirement plan the risk
and the bigger picture, so you can make a smart
decision about helping your family without putting.

Speaker 6 (45:58):
Your own future at risk.

Speaker 5 (46:00):
We also have a free investor guide, your Retirement Income
Planning Checklist. It's a practical, easy to follow guide to
help you assess whether your retirement income can support these
kinds of decisions. To get your copy, give us a
call or email Kelly at Kellyfinancial dot org, or go

(46:21):
to our website for the radio rewind Jeff, have a
wonderful weekend. My best of Grace and nikiddos.

Speaker 10 (46:28):
Thank you, have a wonderful weekend, Kelly, and give my
best to everyone at Kelly Financial Again. If you want
a free retirement consultation, call eight eight eight eight hundred
eighteen eighty one eight eight eight eight hundred eighteen eighty one,
or you can email Kelly yourself Kelly at Kellyfinancial dot org,

(46:49):
Kelly at Kellyfinancial dot.

Speaker 4 (46:52):
Org Safe Money Strategies at eight eight hundred twelve.

Speaker 9 (47:07):
Welcome ladies and gentlemen. It's great to be back with
you again this week. Who do you trust well? You
trust your partner, you trust your husband, you trust your wife,
You probably trust your children. Back in our day. The
banker was the same man year after year. The bank
was Hospital Trust. The man's name was mister Finnity, and

(47:30):
I knew him from when I was a small child
until I was in the Air Force a technology institute
out in Denver in my twenties, I still knew who
to call at Hospital Trust Bank. His name was mister
Finnity and he was the vice president then when I
first knew him when I was five years old, he

(47:51):
might have been a loan officer. I'm not sure, but
we knew who he was and he helped our family. Then.
He was a great man in my opinion. But back
then bankers did banking insurance. The insurance man came to
the house. He did our insurance. And if we walked
down onto Bellevue Avenue, we could walk into a real,

(48:13):
live stockbroker's office and we could sit on the bench
with very wealthy men and women, and we could watch
a real ticker tape. How did that work? It was
a paper punch tape that went through a machine that
shined light from behind it and broadcast the ticker tape
on the wall on a screen. It was a true

(48:34):
ticker tape. Those three people the insurance man, the banker
whom we don't know now. We don't even know what
the name of our bank's going to be in the morning,
never mind having the same banker and the stockbroker now
are basically the same person. Because everyone wanted to get
in on the act. In my town, there used to

(48:55):
be a store where you would bring a television tuner.
It was a dial. Then he turned on the television
to change the station. We used to call him and
there was a man his job was to fix those things,
television tuners. We had one television from age when I
was three. I can remember television at two. We had

(49:17):
the same television until I was almost ten, Black Zenith.
It was huge, ladies and gentlemen. We had the same
television repairman. He would come in. He had a truck
and he would bring a machine in, test the tubes,
change the tubes, put the back on the TV, and

(49:39):
out he would go. We get our second TV in
nineteen sixty one, and I think the next television we
got was nineteen sixty five. It was a Sears color
TV Hell Elujah. It sat in a giant console. It
was beautiful and we could watch Bonanza in color. Through

(50:00):
those years. We had the same television repair man and
it was fourteen dollars a year, and that TV was
fixed whenever it was broken, and the worst days were
when they had to take that thing back to the shop.
Heaven only knew when you were going to get that
TV back. So we had the same person doing that.

(50:21):
We had the same toaster my whole life, the same toaster,
ladies and gentlemen. We had a mixer that was the
same mixer from when I was a child to when
I left for the service. Things didn't change much. Same
teapot my entire life until I was fifty. When I

(50:41):
went to my folks house, the teapot would be there.
So things are much different now. We had probably had
three different vacuums my entire life. Now they come and go.
It's amazing what happens. It's a throwaway society. Trying to
get a hold of people, contact is vital. It's difficult,

(51:05):
so you have to be careful. You have to be
careful and you have to find out what's important to you.
What's important to you about having enough money, Ladies and gentlemen,
what's important to you about not having to be a
dependent on the state. What's important to you about being
able to leave a lasting legacy for your children? My

(51:27):
son we read a book every day at night. It's
called Mike Mulligan and his Steam Shovel, and Mike Mulligan's
steam shovel was named Mary Anne. Believe it or not.
The book is from the thirties. It's a very short book.
But Mike Mulligan and Marianne would travel around the country
and they would dig highways and canals, basements of buildings

(51:50):
and things like that. But when people watched them. The
one thing about Mike Mulligan and Marianne, if people gathered
around to watch them work, they work a little faster
and a little better. And I think that's true about
anyone in any industry. If you're monitoring what's happening, then
things might happen a little better and a little faster

(52:12):
for you if you can do that. So, your needs
are important. They have to be identified, and your goals
have to be identified, and you start from there. If
you want a home, do you ever start out to say, well,
what kind of furnace do we want? Honey? No, you
say what neighborhood is the one in which we want

(52:34):
to live. That's how you begin. The furnace is about
the twentieth thing on the list. So identifying needs and
goals through an interactive process are how solutions are created
for you, and that's important in anything you do. I
had a couple in my office. They're getting ready to

(52:55):
buy a home in Florida, and I said, I want
to be part of that per I want to be
able to help you to construct your offer. And they
were very relieved when I said that. They hadn't even
imagined to ask me. But I was happy to do
it because I think people need someone on their team,

(53:16):
especially as you get closer to retirement. You want to
make sure that your goals don't conflict with someone else's,
and if they do, that can get in the way.
Someone wants you in a particular product, investment, or stock
and it conflicts with what you need to do, then

(53:37):
you have to be aware of that. So it's conceptual.
It's a solution based approach, basically a safe money strategy
for retirement. So you have questions. You need to be
introduced to the solutions. How is that done? Ladies and

(53:58):
gentlemen with priorities, what's important to you and what must
be important to you is to preserve your wealth. Risk
is for one purpose only. It's to get you a
higher return than you would receive if you had your
money in treasury bills. That's how risk works. So you

(54:20):
want a premium for your risk. You don't want to
gamble to have the risk. So that's how we have
to manage risk. Unfortunately, some people, the amount of money
you have invested is not a factor in risk tolerance.
The ability to recover after a loss and have it

(54:41):
not affect your lifestyle, to me is primary in selecting
what your risk tolerance is. And that's how we do that.
And remember what Mike Mulligan and Marianne did when people
were watching, and we do the same thing when people
are listing. You work a little faster and a little better.

Speaker 1 (55:00):
Ah.

Speaker 4 (55:14):
We'll call Kelly Financial Services eight eight eight eight hundred
eighteen eighty one.

Speaker 5 (55:19):
I'm Kelly Kelly from Kelly Financial.

Speaker 6 (55:21):
Whether you're in your.

Speaker 5 (55:22):
Sixties, seventies or eighties, financial advice is important when it
comes to preserving.

Speaker 6 (55:28):
Your nest egg.

Speaker 5 (55:29):
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 6 (55:46):
We're Kelly Financial. Come retire with us senior.

Speaker 4 (55:50):
Safe money Strategies with John Boudris and Kelly Kelly eight
eight eight eight hundred one eight eight one.

Speaker 3 (55:58):
The news break is coming up.

Speaker 2 (56:00):
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 maybe helping out with your grandchildren's college. See if

(56:22):
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.

Speaker 3 (56:32):
Results when it's time to retire.

Speaker 2 (56:34):
In fact, these adjustments can be the difference of when
you can retire, or in some cases, whether you can
retire at all. 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.

Speaker 3 (56:56):
All Right, see you next week.

Speaker 7 (56:59):
All opinions expressed 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 does not intended to
be specific, investment, tax or legal advice.

Speaker 3 (57:14):
It is always advisable to consult a professional before making
a financial decision.

Speaker 7 (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 waived the host's advisory fee in full.

Speaker 3 (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,