Kelly Financial: Saturday, May 9, 2026

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Episode Transcript

Speaker 1 (00:12):
It's coming to us. Ladies and gentlemen. Welcome to Safe
Money Strategies on WRKO.

Speaker 2 (00:24):
I'm William Kelly and it's an honor to carry on
a family legacy rooted in real world values.

Speaker 1 (00:29):
And practical advice.

Speaker 2 (00:31):
Kelly Financial was founded in two thousand and three by
my parents, my late father Bill Kelly and my mother
Kelly Kelly and Braintree and Burlington, Massachusetts. Just two years later,
Dad launched Safe Money Strategies on WRKO as a no
nonsense callin radio show focused on common sense planning and
protecting wealth.

Speaker 1 (00:49):
Over the past.

Speaker 2 (00:50):
Two decades, Dad became a pillar in New England finance,
an engineer turned entrepreneur, author and philanthropist who believed in
giving back and walking the talk. Since our show has
remained a Saturday morning staple, offering insight and empowerment. Here
at Kelly Financial, we help steward over eight hundred million
dollars across our affiliated business, including more than six hundred

(01:12):
million dollars managed by our sec registered investment advisory or
fiduciary care, and our family first philosophy guides us on
safe money strategies. You'll hear candid conversations with the team
my mother Kelly, myself, advisors Charlie Gable, Mike Ducett, Greg Workman,
Greg Murray, my sister Mary, Madeline, Tom Schleger, and Josh Smith.

(01:33):
We live by two rules, never quit and carry on,
and we're here to help you do the same when
it comes to your money. Stick around, take notes, and
join the conversation. To learn more, or get our free
guides or schedule a consultation, visit Kelly Financial dot org
or call us at eighty eight eight eight hundred one
eight eight one. This is Safe Money Strategies. Next up

(01:54):
Forever Young with Kelly Kelly and myself, William Kelly Junior.

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

Speaker 4 (02:12):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of this show we call Forever Young
is where I sit down with my handsome son, William
Kelly Junior, and we talk about life, what's going on
in the world, in our family, and what really matters

(02:35):
most when you're planning for the future. Sometimes it's light,
sometimes it's thoughtful, but it's always real. Good morning, William.

Speaker 1 (02:44):
Good morning Mom. How are you?

Speaker 4 (02:45):
I'm doing great? How about yourself?

Speaker 2 (02:47):
Doing fantastic? About to wrap up the semester? Here, Bryant,
at least, I'm really good.

Speaker 4 (02:52):
I can't believe it.

Speaker 2 (02:53):
I know it's been a really quick semester. I didn't
expect it to go this fast, but here we are.
I survived somehow.

Speaker 4 (03:00):
Yeah, so does it look like Dean's list?

Speaker 2 (03:02):
It looks like Dean's list. I had a couple of exams.
My last one is actually gonna be next week. I'm
still waiting in on grades because the official grades don't
get posted until everything's done, and then once that wraps up,
then we'll.

Speaker 1 (03:14):
Know what I have. But it looks like dean'sless right now.
So I'm excited.

Speaker 4 (03:18):
Good, that's exciting it is.

Speaker 1 (03:20):
And Mother's Days tomorrow. I bet you're very excited for that.

Speaker 4 (03:23):
I am. I am. I love Mother's Day. I always
get to see my babies. I don't care what age
you are, You're always my baby.

Speaker 1 (03:32):
You've always said that, You've always said that all mothers do.

Speaker 2 (03:35):
How was I like seven years old Mary Madeline was
like sixteen or eighteen, you know, we were kind of
in that age range. And I remember Dad would always
go all out on Mother's Day and he would it
was either horse carriage or barbershop quartet or both.

Speaker 1 (03:50):
I know that was.

Speaker 2 (03:51):
And then the flowers edible arrangements. I remember MM and
I and Mary Madeline well obviously because I was I
was like sixteen or seventeen. I couldn't do it, had
to do it. We found this car rental place and
we rented this two thousand and three portion nine eleven
kN or Kayen or however you say, or was it
even or I can't even remember, but it was a
portion nine eleven.

Speaker 1 (04:12):
And I remember remember when we drove everywhere. We drove everywhere,
and it was over the weekend. It was in the
Capitol Grill, that's right, for dinner.

Speaker 2 (04:21):
I couldn't even fit in the back. I had to
sit in both seats. I was crolled up. I had
my legs around my knees. That was fun.

Speaker 1 (04:27):
That was a lot of fun.

Speaker 4 (04:28):
The memory popped up and of that picture of the
car and you like crammed in the back.

Speaker 1 (04:37):
I remember that. Yeah, MM was in the back on
the way there, and I was in the back on
the way back.

Speaker 2 (04:42):
I remember you're driving fun. You were driving a little car.
That was a great car. You definitely enjoyed it.

Speaker 4 (04:47):
That was a surprise.

Speaker 1 (04:49):
Oh, you know, we wanted to keep.

Speaker 2 (04:50):
It as hidden as possible until until Mother's Day. So
everything's wrapping up over here. School wise, we're getting ready
for the summer. I have a couple summer classes I'll
be taking. I'll have a bunch of stuff on my plate.
Is there anything you're looking forward to in the summer.

Speaker 4 (05:07):
I know we will be take we will take a
trip together, and I'm looking forward to that. Uh, you
know what I am, William. I am looking forward to swimming.
I know you're going to say I just opened the
pool and they have I had excess. We had excess
tile fall off this winter. That's right, so they are

(05:31):
they will be replacing the tile in certain areas. So
you know, the pool level has to stay a little
bit lower. So you know, I haven't cranked up the heater.

Speaker 1 (05:41):
Yet, not that I'm excited for.

Speaker 4 (05:43):
I car that'll happen. I would say within within another
week or two. It depends on the weather too, Yeah.

Speaker 1 (05:51):
It does.

Speaker 5 (05:51):
It does.

Speaker 1 (05:52):
Now.

Speaker 2 (05:52):
I think this summer we're going to have a big
plan where my college friends were all going to go
to our house. We're going to swim and we're gonna
have a huge poker game. We're gonna have a huge
poker game. We're gonna have it on the table right outside.
We're gonna have our group, our main group, and then
a couple of outside buddies coming over. And our friends
who live in the town over are gonna come over.

(06:13):
The people who live in New Hampshire and Meine are
gonna come down. So we're gonna have a lot of fun.
I'm excited for that. That's something one day I'm looking forward.

Speaker 4 (06:20):
That'll be a great table to do that. Yeah, the
concrete one poker yeah yeah, yeah, it's like a farm table.

Speaker 1 (06:26):
Oh the farm that yeah, the super long Yeah.

Speaker 4 (06:29):
When I was your age, we used to play like
for toothpicks or pennies.

Speaker 1 (06:34):
That's so funny. That was so much fun. They bet
real money.

Speaker 4 (06:38):
Oh yeah, I hope not a lot.

Speaker 1 (06:40):
No, not crazy, no, absolutely not.

Speaker 2 (06:42):
But when they come over, we're gonna have like a
decent buy in and that's gonna be our big kind
of our big bonding day.

Speaker 1 (06:49):
So it's gonna be a lot of fun. But yeah,
I know, Oh you're funny.

Speaker 2 (06:53):
Do you think Mary Mandain's gonna come home for Mother's
Day or do you think she'll.

Speaker 4 (06:56):
Kind of William? Are you kidding me?

Speaker 1 (06:59):
I don't know. Maybe she's she's hanging out with friends
or something. She's going out maybe William. Well, I don't know.

Speaker 4 (07:06):
One of her buddies from Miami is staying with us tonight.

Speaker 1 (07:10):
Really, yes, I didn't even know that.

Speaker 4 (07:12):
So, yeah, she's coming in.

Speaker 1 (07:14):
Yeah, Wusa.

Speaker 2 (07:15):
Mary Maudlin's going to make the effort to see you
will Yeah, so sweet, Oh my gosh, well.

Speaker 4 (07:19):
How stop it?

Speaker 6 (07:21):
Yeah?

Speaker 4 (07:21):
So after our show last Saturday, I started this boot
camp with twenty six twenty six people, all ages, all ages,
and my group there are five of us in my
group and we're all sixty plus, and of course we

(07:43):
are somewhat modified. But it's okay, we're doing it. We're
doing it now.

Speaker 1 (07:49):
How difficult has it been?

Speaker 4 (07:50):
I was so nervous about it, and you know, I
thought it was going to be worse. But with other people,
it makes it better with a team because we're all
in it together.

Speaker 1 (08:05):
So what's the goal of this boot camp exactly.

Speaker 4 (08:08):
Well, it's it's mainly it's mostly about just getting healthy
and building muscle and flexibility.

Speaker 2 (08:19):
Well, I'm really happy that you have a team of
people that you're working with and you guys are all
trying to get healthy together. How long is this boot
camp gonna last? Is going to be one month.

Speaker 4 (08:27):
Three months, twelve weeks, twelve entire weeks, so we're going
to see. So I'm I've completed my first week today, awesome,
and it has gone.

Speaker 1 (08:37):
Well good, So you got to love them more to
go and I know you're ready. I know you're very
dedicated to this. I'm very proud of yourself.

Speaker 4 (08:42):
Absolutely, and starting you know the end of January, it
helped me, you know, focus on protein and you know,
and working with weights and you know there's also cardio
in there as well, but that has helped, you know,
sort of getting adjusted with things. But it's definitely, you know,

(09:05):
up at several notches from what I'm accustomed to.

Speaker 1 (09:09):
So missus, Oh, she's treating you well, yes, it's good.

Speaker 5 (09:12):
She's good at her job.

Speaker 4 (09:14):
Well, she certainly is.

Speaker 2 (09:15):
Happy Mother's Day to you, and Happy Mother's Day to
all the mothers listening our clients, prospects, just listeners. We
appreciate you, and if you have a mother, make sure
you treat it very well this weekend and have a
great time.

Speaker 4 (09:28):
Happy Mother's Day to everyone, and do keep us on
your dial. We've got a lot of great content coming
your way. Mike do Seid and Greg Workman will walk
through how to simplify financial clutter, organize your accounts, and
uncover opportunities to use your assets more efficiently in retirement. Mary,
Madeline Kelly and Greg Murray will explore what people wish

(09:52):
they had done differently financially and how is never too
late to make better decisions. When William and I returned,
we'll discuss why the decision of where you live in
retirement isn't as simple as it sounds. And of course
we'll close the hour with some win and wisdom from
the late Bill Kelly. His words continue to inspire and

(10:14):
guide us. That's a wrap for forever, Young Thank you
for listening, and William, thank you for joining me. We'll
be back with more great content. I love you, honey.

Speaker 7 (10:23):
Hello, be too.

Speaker 8 (10:24):
Okay, my friends, let me tell you about Kelly Financial.
You know how families will sit around the table and
debate politics, argue about sports, even who makes the best
potato solad, But talk about your estate plan, your healthcare wishes,

(10:45):
what happens if something goes wrong. Many families avoid it altogether,
and that's where problems can begin. Confusion, stress, sometimes even
real family conflict, all because those conversations never happened. Well,
that's why Kelly Financial put together a helpful guide. It
is called the Greatest Gift Outline your wishes with an

(11:06):
estate Plan. It is designed to help you organize your thoughts,
put your wishes in writing, and give your family clarity
where it matters most, because putting it off today can
make things much more difficult tomorrow. So to get your
free copy, call eight eight eight eight hundred eighteen eighty
one eight eight eight eight hundred eighteen eighty one or

(11:28):
email Kelly at Kelly Financial dot org Kelly at Kelly
Financial dot org.

Speaker 9 (11:35):
Welcome back to save Money Strategies everyone. I'm Mike d Said,
joined as always by Greg Workman and Greg. I don't
know about you, but this time of year, my house
is in full blown spring cleaning mode.

Speaker 7 (11:47):
Yeah, Mike's same. Here.

Speaker 10 (11:48):
It starts with one closet and somehow turns into the
entire house, and every year I find myself saying the
same thing, why do we still.

Speaker 7 (11:56):
Have all this stuff?

Speaker 1 (11:57):
Exactly?

Speaker 9 (11:58):
And what's funny is at one point everything felt important
enough to keep, but over time it just turns into clutter.

Speaker 10 (12:04):
That's right, And most of it isn't useful anymore. It's
just taking up space and making things harder to manage.

Speaker 9 (12:10):
And that's really what inspired today's show because the same
thing happens with people's financial lives. Over the years, different jobs,
different accounts, different advisors, things start to pile up.

Speaker 7 (12:21):
They really do. Four to one K here and I
are there.

Speaker 10 (12:25):
Maybe a brokerage account you open years ago, and before
you know it, you've got financial clutter.

Speaker 9 (12:31):
So today we're talking about spring cleaning your financial life.

Speaker 1 (12:35):
What should you keep, what should you get.

Speaker 9 (12:36):
Rid of, and more importantly, what needs to be reorganized
so it actually works for you as you approach retirement.
Let's start with this, Greg, how does someone know if
they have financial clutter?

Speaker 10 (12:48):
Most people don't recognize it right away because it doesn't
feel like clutter. It feels like I've been responsible, I've saved,
I've invested. But when we sit down with people we
start to see patterns. What kind of patterns things like
multiple old four oh one K accounts from previous employers,
IRA accounts spread across different custodians or firms, brokerage accounts

(13:11):
that haven't been reviewed in years, insurance policies that may
no longer fit their current situation, and outdated beneficiary designations.

Speaker 9 (13:21):
That beneficiary piece is more important than people realize.

Speaker 7 (13:24):
It really is.

Speaker 10 (13:25):
Retirement accounts and life insurance passed by beneficiary designation, not
by your will. If those are outdated, it can completely
override your estate plan.

Speaker 9 (13:36):
So you could have everything buttoned up legally and still
have a disconnect exactly.

Speaker 10 (13:41):
And there's another type of clutter that we see all
the time, lack of coordination.

Speaker 9 (13:45):
Meaning your different advisors aren't on the same page.

Speaker 10 (13:48):
Right, you might have a financial advisor, a CPA, an attorney,
but they're not communicating.

Speaker 7 (13:54):
So instead of strategy, you've.

Speaker 10 (13:56):
Got a collection of decisions made at different times by
different people.

Speaker 9 (14:00):
Let's make this rail for our listeners, and as always,
the example whereabout to share is hypothetical but very typical
of what we see.

Speaker 10 (14:07):
That's right, Let's talk about John and Lisa, both age sixty.
John recently retired. Lisa is following closely behind, about three
million in their retirement accounts and one point five million
in non retirement assets.

Speaker 1 (14:24):
So they've done a lot of things right.

Speaker 10 (14:26):
Absolutely, this is a discipline couple that saved consistently. But
when they came in there was still financial clutter.

Speaker 1 (14:34):
What did that look like?

Speaker 10 (14:35):
Accounts spread across multiple institutions, old four h one k's iras,
and multiple brokerage accounts, no clear structure, and more importantly,
no coordinated strategy.

Speaker 9 (14:49):
And that's what a lot of people can relate to,
not a lack of effort, just a lack of consolidation
in planning exactly.

Speaker 1 (14:56):
So where do you start with organization?

Speaker 10 (14:59):
We help them consolidate accounts where it makes sense, create
a clear inventory of their assets, review beneficiaries, and align
everything with their goals.

Speaker 1 (15:10):
And that alone creates clarity, huge clarity.

Speaker 10 (15:13):
When things are scattered, people feel uncertain. When it's organized,
they feel back in control.

Speaker 9 (15:20):
But this isn't just about getting organized.

Speaker 10 (15:22):
Right, it's about what it allows you to do next.
Once everything is clear, we can start asking better questions.
How do we use this savings to generate income? How
do we reduce taxes along the way, and which accounts
do we draw down from first?

Speaker 9 (15:39):
And in John and Lisa's case, there was a big
opportunity there.

Speaker 10 (15:43):
Was because of their one point five million in non
retirement assets, they have flexibility. They don't need to pull
from their retirement accounts straight away.

Speaker 9 (15:53):
Which means they're not forced into decisions exactly.

Speaker 7 (15:57):
They can be intentional.

Speaker 9 (15:58):
What are some mistakes people may when trying to do
this on their own.

Speaker 10 (16:01):
A few big ones, doing nothing because it feels overwhelming,
focusing only on investments and not the full plan, and
making changes without a clear strategy.

Speaker 9 (16:13):
So it's not just cleaning, it's cleaning with a purpose exactly. So,
as we've been talking about today spring, cleaning your financial
life really starts with getting organized.

Speaker 7 (16:23):
But that's just step one.

Speaker 9 (16:25):
Because once everything is cleaned up, the next question is
how do you use those assets.

Speaker 1 (16:29):
Efficiently, especially when it comes to taxes.

Speaker 9 (16:32):
And in the second half of today's show, we're going
to take John and Lisa's situation a step further and
talk about how changes to the rules like the new
required minimum distribution age create planning opportunities.

Speaker 10 (16:43):
And how someone in that sixty year old range may
have a real window to make impactful decisions.

Speaker 1 (16:50):
So stay with us. We'll be right back.

Speaker 3 (16:56):
Kelly Financial Services eight hundred, eighteen eighty one.

Speaker 5 (17:02):
It's sorry what you've done.

Speaker 1 (17:03):
That's important, but it's the challenge it has been, Sir.

Speaker 11 (17:06):
Edmund Hillary said those words after reaching the summit of
Mount Everest. But in climbing, the decent is just as
perilous as the acent, and the same is true in
retirement planning. Learn why Call Kelly Financial Services today for
a retirement consultation. Call eight eight eight eight hundred eighteen
eighty one or visit Kellyfinancial dot org. What goes up

(17:28):
must come down. We're Kelly Financial. Come retire with us.

Speaker 4 (17:32):
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

(17:54):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.

Speaker 3 (18:02):
The money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeleine Kelly.

Speaker 5 (18:09):
Good morning.

Speaker 12 (18:10):
This is Greg Murray, Senior vice president and chief Compliance
Officer at Kelly Financial Services. Joined me today is Mary
Madeline Kelly, one of our wealth advisors.

Speaker 1 (18:18):
How are you doing today?

Speaker 6 (18:18):
Good morning, Greg. I am great. I've had a busy
couple of weekends. I ran the Interfaith Stop the Stigma
five k in Quincy two weekends ago, and then last
weekend I ran the Providence Half Marathon. Both went really
well and I'm proud of myself for all the training
I put into this half. I ran it alongside one
of my great friends, and my family came out to support.

(18:39):
It was a wonderful day.

Speaker 1 (18:40):
That's wild. Congratulations Mary Madeline.

Speaker 12 (18:42):
Those are some impressive accomplishments, especially the half marathon. It
sounds like all your hard work and training is really
paying off, and having that kind of support from friends
and family makes it even more meaningful. Events like those
really highlight the value of preparation, consistency, and long term
commitment to a goal. And in many ways, that's say
my carries over into what we're talking about.

Speaker 6 (19:01):
Today, Thank you, It really does, because today's topic is
one that really hits home for a lot of people
because it's something we hear about all the time in conversations.
What people wish they had done differently financially.

Speaker 5 (19:13):
That's right.

Speaker 12 (19:13):
Today we're talking about what people regret most financially, and
more importantly, how to avoid those regrets.

Speaker 6 (19:19):
And the interesting thing is these regrets usually aren't about
one big mistake. They tend to be patterns things people delayed, avoided,
or didn't fully understand at the time exactly.

Speaker 12 (19:30):
So let's start with one of the most common regrets,
not starting early enough.

Speaker 6 (19:34):
Yes, we hear this all the time. People say I
wish I had started saving sooner, or I didn't realize
how important time was. And it's not about blame. It's
just recognizing how powerful compounding can be over time, and.

Speaker 12 (19:46):
Even small contributions made earlier can grow significantly compared to
larger contributions made later exactly.

Speaker 6 (19:53):
The second big regret we hear is not having a
plan right.

Speaker 12 (19:56):
People often say they were saving and investing, but without
a clear direct they didn't know what they were working
towards or whether they were on track.

Speaker 6 (20:03):
And that uncertainty can create stress. A plan doesn't have
to be complicated, but having a framework helps guide decisions
and builds confidence.

Speaker 12 (20:12):
Another common regret is being too conservative or too aggressive
at the wrong time.

Speaker 6 (20:17):
Yes, we see both sides. Some people kept too much
in cash and missed growth opportunities, while others took on
more risk than they were comfortable with and reacted emotionally
during downturns.

Speaker 12 (20:27):
And of course, investing of all's risk, including the potential
loss of principle, finding the right balance based on your
goals and timeline is key.

Speaker 6 (20:34):
Another regret that comes up often is lifestyle inflation.

Speaker 12 (20:38):
As income increases, spending tends to rise alongside it.

Speaker 6 (20:42):
Yes, and people sometimes look back and realize they could
have saved more during higher earning years without significantly impacting
their lifestyle.

Speaker 12 (20:50):
Another big one is not paying attention to taxes.

Speaker 6 (20:53):
Absolutely, taxes can have a meaningful impact over time, and
many people wish they had been more proactive about things
like account types, withdrawals, or timing.

Speaker 12 (21:02):
And then there's more emotional regret, waiting too long to enjoy.

Speaker 6 (21:06):
Life, and that's an important one. Some people become so
focused on saving and preparing for the future that they
delay experiences, travel or time.

Speaker 12 (21:14):
With family, and later on they realize that time is
something you can't get back exactly.

Speaker 6 (21:19):
Financial planning isn't just about accumulating wealth, it's about using
it to support a meaningful life along the way.

Speaker 12 (21:25):
So when we look at these regrets, they really fall
into a few key categories. Starting too late, not having
a plan, mismanaging risk, overlooking taxes, and not balancing saving
with living.

Speaker 6 (21:35):
And the good news is all of these can be
addressed with awareness and proactive planning.

Speaker 12 (21:40):
So let's talk about how people can avoid these regrets.

Speaker 6 (21:43):
First, start where you are. You don't need to be perfect,
and it's never too late to begin making positive changes.

Speaker 12 (21:49):
Second, create a plan. Even a simple plan can provide
clarity and direction.

Speaker 6 (21:53):
Third, stay consistent. Small steady actions over time tend to
be more effective than trying to make big changes all
at way.

Speaker 12 (22:00):
On Fourth, review and adjust it. Life changes and your
plan should evolve with it.

Speaker 6 (22:04):
And finally, remember the purpose behind your money. It's not
just about numbers. It's about supporting your life, your goals,
and your priorities.

Speaker 12 (22:12):
And as always, every financial situation is unique, and investing
of all risks, including the potential loss of principle, so
decision should be made based on your individual circumstances.

Speaker 6 (22:22):
But the key takeaway is that while regrets are common,
they don't have to define your future. You can always
take steps to move in a better direction exactly.

Speaker 12 (22:30):
Financial planning is about learning, adapting, and moving forward.

Speaker 6 (22:33):
And that's something anyone can start doing today.

Speaker 12 (22:36):
Well said, that's going to wrap things up. If you'd
like help building a plan designed to avoid these common pitfalls,
give us a call. We'd be happy to walk you
through your situation absolutely well.

Speaker 6 (22:45):
Greg, thank you for your time today and enjoy the
rest of your weekend.

Speaker 3 (22:49):
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. Safe Money Strategies with
William Kelly and Kelly Kelly. Call the team on eight
eight eight eight hundred, eighteen eighty one.

Speaker 4 (23:14):
Welcome back to Safe Money Strategies. I'm Kelly Kelly alongside
my son William Kelly Junior, and today we're talking about
something that sounds so simple on the surface, but for
many people it turns into one of the most important
and emotional decisions they'll make in retirement. That question is

(23:37):
where should you live? Because once work is no longer
dictating where you might need to be. Suddenly you have options,
and that freedom can be exciting, but it also can
be overwhelming. A lot of people go into retirement thinking
this is going to be a simple decision. They'll say,

(23:57):
we'll just downsize, or maybe we'll move somewhere warmer, or
will relocate closer to the kids. But what starts as
a lifestyle upgrade often becomes something much more complex, because
where you live in retirement doesn't just affect your surroundings,
it shapes how you live every single day. It affects

(24:21):
your independence, your routines, your sense of comfort, even your identity.

Speaker 1 (24:27):
And what makes this.

Speaker 2 (24:28):
Especially challenging is that you're often balancing competing goals.

Speaker 1 (24:31):
You want simplicity, but you also want familiarity.

Speaker 2 (24:34):
You want freedom, but you also want stability, and those
things don't always line up perfectly exactly.

Speaker 4 (24:40):
And that's when people start realizing this isn't just a
housing decision, it's a life decision. And once you begin
exploring your options, that's when the real trade offs start
to show up.

Speaker 2 (24:53):
Let's start with downsizing, because that's usually the first thing
people think about. It sounds appealing, less maintenance, fear, responsibility,
simpler living. But what people don't always anticipate is what
they're giving up.

Speaker 4 (25:04):
That's right, letting go of a home you've lived in
for decades. That's not just a real estate transaction. That's emotional.
That's where holidays happen, that's where your family grew up,
that's where your life unfolded, and simplifying your space can
actually complicate your emotions.

Speaker 1 (25:25):
There's also the practical side.

Speaker 2 (25:27):
Smaller space means less storage, less privacy, fewer options when
family comes to visit, and the process of moving itself, packing, sorting,
deciding what stays and what goes. That's one of the
most stressful life events, especially later in life.

Speaker 4 (25:40):
So while downsizing can absolutely make sense for some people,
is not automatically easier. It's a trade off, and for
many retirees, when downsizing doesn't feel quite right, they start
looking at the next option, which is fifty five plus communities. Now,
fifty five plus communities and retirement communities can certainly offer

(26:04):
a lot of convenience, maintenance free living, built in amenities,
social opportunities. It all sounds ideal, but again, there are
trade offs.

Speaker 1 (26:15):
One of the biggest things people notice is structure.

Speaker 2 (26:18):
There are rules, there are HOA guidelines, there are limitations
of what you can do with your home or even
how you host family, and for some people that starts
to feel restrictive.

Speaker 4 (26:27):
And there's also the lifestyle piece. Some people love being
surrounded by others in the same stage of life, but
others miss that multi generational environment. They miss having younger
families around, they miss.

Speaker 2 (26:41):
That energy, and something else that often gets overlooked. These
communities are designed for independent living. They're not built to
provide medical character needs change, so if your health situation shifts,
you may be facing another.

Speaker 1 (26:53):
Move later on exactly.

Speaker 4 (26:55):
So again, convenience often comes with compromise, and for some people,
when that structure feels too limiting, they start thinking about
the opposite approach, which is moving in with family.

Speaker 2 (27:08):
On paper, living with adult children can sound like the
perfect solution. If you're close to family, there's built in support,
it can reduce loneliness, But in reality it can be
more complicated than people expect.

Speaker 4 (27:19):
Because now you're blending households, and that brings up questions
about boundaries, privacy roles, who's responsible for what, how are
decisions made, what happens when expectations don't align.

Speaker 2 (27:33):
And it's not just the parent child relationship. You're also
factoring in spouse's in laws, grandchildren.

Speaker 1 (27:39):
And all of those dynamics. Even in very strong families,
that can create tension over time.

Speaker 4 (27:44):
And there's also the caregiving aspect. What starts as a
supportive arrangement can gradually turn into a full time responsibility,
and that can lead to stress or even burnout if
it's not clearly defined.

Speaker 1 (27:58):
So living together requires more than love.

Speaker 2 (28:00):
It requires structure, It requires communication, and it requires planning.

Speaker 4 (28:04):
And this brings us to one of the biggest mistakes
we see people make. They choose based on what works
today without fully thinking about what they might need five, ten,
or even twenty years from now.

Speaker 2 (28:18):
And that's where things can become challenging because a home
that fits your lifestyle today might not support your independence later.

Speaker 4 (28:24):
Access to healthcare becomes more important, transportation matters more, even
simple things like stairs layout, proximity to services, those can
become major factors over time.

Speaker 2 (28:39):
And people are living longer. Retirement is in ten years anymore,
It can be twenty thirty years or more. So these
decisions have to last.

Speaker 4 (28:46):
That's why we often say your future self is going
to live with the decisions you make today.

Speaker 1 (28:52):
When you step back.

Speaker 2 (28:53):
And look at all of this together, it becomes clear
that this isn't just about where you live.

Speaker 1 (28:57):
It's about how your entire retirement functions.

Speaker 4 (29:00):
Where you live affects your expenses, it affects your access
to healthcare, it affects your independence, your social life, your
overall quality of life, and all of those pieces are connected.

Speaker 2 (29:14):
That's exactly why we put together our Investor Guide, your
Retirement income Planning Checklists, because it walks through the realities
people are facing the debt, longer life expectancy, rising health
care costs, and yes, housing decisions like this.

Speaker 4 (29:27):
And what we do with our clients at Kelly Financial
is help them step back and look at the full picture,
not just one decision in isolation, but how everything fits together.

Speaker 2 (29:41):
Because the right decision isn't just about where you live,
it's about how well your life works.

Speaker 4 (29:45):
When we come back, we're going to flip this conversation
and talk about what can go right when you approach
this decision with the right perspective, and how to find
a living situation that truly supports your retirement. So stay
with us. We'll be right back.

Speaker 3 (30:05):
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 11 (30:15):
Right well, there's nothing like the crew races on the
Charles River. When the boats cross the finish line, all
the components must be functioning consistently at exceptional levels. High
performance equipment, mentally tough and physically fit rowers, the passion
to win, and perhaps most importantly, seamlessly integrated teamwork. Likewise,

(30:39):
the retirement rivers we row also require these very qualities.
Who's part of your retirement crew? For more than twenty
three years, the advisors at Kelly Financial Services have helped
families in the Greater Boston area take command of their
financial futures. So call eight eight eight eight hundred eighteen
eighty one or visit Kellifinancial dot org for an appointment

(31:02):
at Kelly Financial. We believe you've got to have the
right team and crewe and in retirement, how will you
cross the finish line here Kelly Financial Services. Come retire with.

Speaker 3 (31:14):
Us Safe money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight eight eight hundred eighteen
eighty one.

Speaker 4 (31:24):
Thank Care, Welcome back to Safe Money Strategies. I'm Kelly
Kelly alongside my son William Kelly Junior, and today we're
continuing our conversation about one of the most important decisions
you'll make in retirement, not just if you should move,

(31:47):
but how to choose the right place to live. In
the first part of the show, we talked about why
this decision can be more complicated than people expect. Now
we're going to shift the focus and talk about, well,
how to approach it the right way. One of the
biggest mistakes people make is starting with geography. They say,

(32:08):
we want to move to Florida, or we're thinking about Arizona,
or we want to be closer to the kids. But
the better question to start with is what do you
want your life to actually look like.

Speaker 2 (32:23):
That's exactly right because where you live should support how
you live, not the other way around. So instead of
asking where should we go, start by asking what do
we want our days to feel like?

Speaker 4 (32:33):
Do you want a quiet, simple routine or do you
want activity like social events, golf, walking, groups, being out
and about. Do you want to be close to healthcare, shopping, restaurants, family,
those daily details matter more than the.

Speaker 2 (32:52):
Zip code, and there's no one size fits all answer here.
Some people thrive in a slower, more private environment. Others
feel being around people and stay active.

Speaker 4 (33:02):
That's why we often say the right place supports the
life you actually want to live, and for many people,
once they define that lifestyle, the next step becomes much clearer,
which often leads back to downsizing, but in a different light.

Speaker 2 (33:18):
In the first segment, we talked about some of the
challenges of downsizing, but when it's done thoughtfully, there can
be real benefits.

Speaker 4 (33:26):
Absolutely, because reducing space can actually give you more freedom,
less maintenance, less upkeep, less time spent managing a home,
and more time spent doing the things you actually enjoy.

Speaker 1 (33:41):
There's also a financial component.

Speaker 2 (33:43):
Lower utility costs, potentially lower taxes and fewer ongoing expenses
can reduce stress and create more flexibility in your overall plant.

Speaker 4 (33:52):
And something we hear often from clients is that a smaller,
more organized space can feel more manageable. It creates a
sense of control. You know where everything is and you're
not overwhelmed by the home itself.

Speaker 2 (34:07):
And if that home is located near the things you need.
Shopping healthcare, social activities. It can improve your day to
day life in a very meaningful way.

Speaker 4 (34:16):
So sometimes less space really does create more life. And
for those looking for more convenience and connection, that's where
communities can offer something unique. When the right person finds
the right community, it can be a very good fit.
Because these environments are designed with retirement in mind.

Speaker 2 (34:38):
You have maintenance free living, no yardwork, no snow removal,
fewer responsibilities overall, and that alone can be a major relief.

Speaker 4 (34:47):
Then there's the social aspect, events, activities, clubs, opportunities to
connect with people regularly, and that kind of interaction can
support both mental and emotional well being.

Speaker 2 (35:01):
There's also the peace of mind factor. Many communities offer
added security features and that can be reassuring not only
for you, but for your family as well.

Speaker 4 (35:10):
And some communities are designed to support aging in place
with layouts that are more accessible and easier to navigate
over time.

Speaker 2 (35:20):
So for the right person, community isn't just where you live,
it's how.

Speaker 4 (35:24):
You connect, and for others that sense of connection comes
from something even closer. Family.

Speaker 2 (35:31):
We talked earlier about some of the challenges of living
with adult children, but when it's done well, it can
also be incredibly rewarding.

Speaker 4 (35:37):
It really can, because you're not just living near family,
You're part of daily life. You're present for milestones, for
everyday moments, for grandchildren growing up.

Speaker 2 (35:48):
And there can be practical benefits too, sharing responsibilities, supporting
each other, making daily routines more manageable.

Speaker 4 (35:55):
But what we often see work best are situations where
there are some lesslevel of separation, a private space, a
finished basement, an in law setup, something that allows for
both connection and independence.

Speaker 2 (36:10):
Because that balance is key. You want closeness, but you
also want autonomy.

Speaker 4 (36:15):
And when those expectations are clearly defined up front, it
can feel like a built in support system rather than
a strain. No matter which direction you lean downsizing community living,
staying put, or living with family, there's one principle that
applies across the board, and that is flexibility.

Speaker 2 (36:37):
Because life changes, health changes, mobility changes, and priorities change,
and the best decisions are the ones that can adapt
over time.

Speaker 4 (36:45):
So you want to think ahead. How easy would it
be to adjust if your needs change, How accessible is healthcare,
how close are you to support systems?

Speaker 2 (36:57):
And even something as simple as would it be manageable
to move again if needed? Or are you putting yourself
in a position where you feel stuck.

Speaker 4 (37:03):
A flexible plan reduces stress, it gives you options, and
ultimately it helps preserve your independence over the long term.

Speaker 2 (37:13):
That's why we often say the best plan is one
that evolves with you. When you bring all this together,
it leads to a bigger picture because these decisions don't
exist in isolation.

Speaker 4 (37:22):
They're connected to everything else in your retirement, your income,
your expenses, your healthcare needs, your long term goals.

Speaker 2 (37:31):
That's why we created our Investor Guide, Your Retirement income
Planning Checklist. It walks through the key factors people need
to consider, from longevity and inflation to healthcare and housing.

Speaker 1 (37:41):
Decisions like this.

Speaker 4 (37:42):
Because the reality is as healthcare cost rise and people
live longer, your housing needs may change right alongside that,
and having clarity around those connections can make a big difference.

Speaker 1 (37:55):
Kelly Financial Services.

Speaker 2 (37:56):
What we aim to do is help people step back
and see how all the pieces fit together, so that
decisions like this aren't made in isolation, but as part
of a thoughtful long term.

Speaker 4 (38:06):
Plan, because confidence in retirement doesn't come from guessing, it
comes from understanding. If you would like a copy of
our retirement income planning checklist. We'd be happy to send
that to you. You can send us an email at
Kelly at Kellyfinancial dot org or visit our website at
Kellyfinancial dot org to request your complementary copy.

Speaker 2 (38:31):
It's a helpful starting point if you're thinking through your
next chapter and how to make decisions like this with clarity.

Speaker 4 (38:36):
We appreciate you being with us today.

Speaker 2 (38:38):
We'll see you next week with more informed of content
right here on WRDL.

Speaker 3 (38:45):
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 4 (38:55):
I'm Kelly Kelly. Now that spring is in the air,
many families are thinking about fresh starts, not just financially,
but how we prepare the next generation for life. At
Kelly Financial, our work has always been about helping families
make thoughtful long term decisions, including how the next generation
gets started. And while all investing involves risk, including the

(39:17):
potential loss of principle, we believe education and good habits
are the foundation for smart choices over time. That's why
we're offering only the good invest Young A book written
by my son William Kelly Junior. It's a clear, encouraging
guide to the basics of money, responsibility and habits that
matter over time. If you have a child, a grandchild,

(39:38):
for someone just beginning, this is a thoughtful place to start.
We're offering a complimentary signed copy to our WRKO listeners
and clients. Call eight eight eight eight hundred eighteen eighty
one or email Kellie at Kellyfinancial dot org.

Speaker 9 (39:54):
Welcome back to Save Money Strategies. I'm Mike du Said
here with Greg Workman. If you're just joining us, today's
show is all about spring cleaning your financial life, getting organized,
clearing out the clutter, and setting the stage for better decisions.

Speaker 10 (40:07):
And in the first half we talked about what that
clutter looks like, old accounts, lack of coordination, outdated beneficiaries,
and how just getting organized can create clarity and confidence.

Speaker 9 (40:20):
But now we want to take the next step, because
once everything is cleaned up and organized, the real question becomes,
how do you actually use what you've built in the
most efficient way possible.

Speaker 7 (40:30):
This is where the conversation really shifts.

Speaker 10 (40:34):
Organization is important, but strategy is what drives outcomes.

Speaker 9 (40:38):
And for a lot of people, this is the first
time they've really thought about this part.

Speaker 7 (40:43):
That's right.

Speaker 10 (40:44):
Most people spend decades accumulating assets, saving, investing, and contributing
to their nest egg, but very little time is spent
on how to actually draw those assets down in retirement,
which is.

Speaker 1 (40:57):
A completely different phase.

Speaker 10 (40:59):
It really is. Accumulation is about growth and discipline. Decumulation
is about efficiency, coordination, and making sure your money lasts
as long as you do.

Speaker 9 (41:09):
One of the biggest factors in doing that well is taxes.

Speaker 10 (41:13):
Absolutely, because at the end of the day, it's not
just about what you've saved, it's about what you get
to keep after taxes over time.

Speaker 9 (41:21):
Let's go back to John and Lisa, again hypothetical example,
but very representative of real life situations. Both age sixty,
recently retired or about to retire, three million in retirement accounts,
one point five million in non retirement assets.

Speaker 10 (41:37):
And once we cleaned things up and got everything organized,
something really became clear.

Speaker 7 (41:44):
They have flexibility because.

Speaker 9 (41:46):
They don't need to pull from their retirement accounts right
away exactly.

Speaker 10 (41:49):
They can live off their non retirement assets for a
period of time, and that creates what we often refer
to as the planning window.

Speaker 1 (41:58):
Let's talk about that. Do you mean by a planning window.

Speaker 10 (42:01):
It's the period of time between when you retire and
when required minimum distributions or rmds begin. For John and Lisa,
that's roughly age sixty to age seventy five.

Speaker 1 (42:14):
So potentially fifteen years exactly.

Speaker 10 (42:17):
And during those years a few important things are happening.
They may no longer have earned income, they're not yet
required to take withdrawals from retirement accounts, and they have
more control over how much taxable income they generate each
and every year.

Speaker 9 (42:33):
So instead of being reactive, they can be proactive.

Speaker 7 (42:36):
That's the key.

Speaker 10 (42:38):
This is one of the few times in retirement when
you have a high degree of control over your tax situation.

Speaker 1 (42:45):
And this is where the rule changes come into play.

Speaker 10 (42:47):
Right under current law, most people today start required minimum
distributions at age seventy three, but if you were born
in nineteen sixty or later, that age moves up to
seventy five.

Speaker 9 (43:03):
And on the surface, that sounds like a good thing.
You get to delay taking money out.

Speaker 10 (43:07):
It does sound good, but there are two ways to
look at it. On the positive side, you have more
years of tax.

Speaker 7 (43:12):
To forward growth.

Speaker 10 (43:14):
You have more time to plan and you have a
longer window to make decisions.

Speaker 1 (43:19):
But there's another side to it.

Speaker 10 (43:20):
Exactly, if you don't use that time wisely, your retirement
accounts continue to grow. That means larger balances, which leads
to larger required withdrawals later.

Speaker 1 (43:32):
And those withdrawals are fully taxable.

Speaker 10 (43:34):
Yes, so while the government gave you more time, they
didn't eliminate the tax, they just delayed it.

Speaker 9 (43:41):
So this is where strategy comes in. What are John
and Lisa doing with that window.

Speaker 10 (43:45):
We're working with their CPA to evaluate wroth conversions over time.

Speaker 1 (43:50):
Walk us through that.

Speaker 10 (43:51):
In simple terms, a WROTH conversion means taking money from
a tax deferred account like an IRA and moving it
into a WROTH account. You pay taxes on that amount
today the amount converted, but once it's in the WROTH
it grows tax free. Future withdrawals are tax free and
there are no required minimum distributions for the original owner.

Speaker 9 (44:14):
So you're essentially choosing when to pay.

Speaker 10 (44:16):
The tax exactly, instead of being forced to take taxable
income later, you're managing tax liability on your terms.

Speaker 9 (44:25):
Now, this doesn't apply to everyone, but in John and
Lisa's situation it fits really well.

Speaker 10 (44:30):
It does and the reason is their non retirement assets.
Because they have one point five million dollars outside of
retirement accounts, they can use those funds for living expenses.
They don't need income from their IRA right now, and
that allows them to convert portions of their IRA each

(44:51):
year from pre tax to.

Speaker 1 (44:52):
WROTH without disrupting their lifestyle.

Speaker 7 (44:55):
Exactly.

Speaker 10 (44:55):
They're not converting because they need income. They're converting because
it's actually strategically advantageous for their tax picture.

Speaker 9 (45:04):
And a big part of this is managing tax brackets right.

Speaker 10 (45:07):
Yes, each year, we look at their tax situation and
determine how much room they have in their current tax bracket.
Then we convert just enough to fill up that bracket
without pushing them into a significantly higher one.

Speaker 9 (45:23):
So instead of one big tax hit later, they're spreading
it out over time.

Speaker 10 (45:27):
Exactly, it's about smoothing out the tax burden.

Speaker 9 (45:30):
Let's talk about the alternative, because a lot of people
don't do this.

Speaker 7 (45:34):
Right.

Speaker 10 (45:34):
If John and Lisa do nothing, their three million dollars
continues to grow by age seventy five, it could be
significantly larger. Then rmds begin, and those withdrawals are mandatory.

Speaker 1 (45:49):
And taxable fully taxable.

Speaker 10 (45:52):
And those withdrawals could push them into higher tax brackets,
increase the taxation of social security and EAT, and raise
medicare premiums.

Speaker 1 (46:02):
So waiting isn't always the safer option.

Speaker 10 (46:04):
Not when it comes to taxes. Sometimes waiting increases the risk.

Speaker 9 (46:09):
You mentioned earlier that you're working with their CPA. That's
an important part of this.

Speaker 10 (46:13):
It really is. These decisions should not be made in isolation.
We coordinate closely with their CPA to project future tax scenarios,
determine optimal conversion amounts, and avoid unintended consequences.

Speaker 9 (46:29):
So this goes back to what we talked about in
Part one, coordination exactly.

Speaker 10 (46:34):
This is where having everyone on the same page really
does add a lot of value.

Speaker 9 (46:40):
Are there other strategies that come into play during this window?

Speaker 10 (46:43):
Absolutely, Routh conversions are a big one, but they're part
of a broader strategy. We are also looking at withdrawal sequencing,
where income comes first in the withdrawal order of your accounts,
capital gains planning, timing of social security, and managing overall

(47:04):
taxable income year in and year out.

Speaker 9 (47:07):
So it's not just one decision, it's an ongoing process exactly.

Speaker 10 (47:11):
It's a coordinated strategy that evolves over time.

Speaker 9 (47:14):
So as we wrap up today, let's bring it back
to the theme spring cleaning your financial life.

Speaker 10 (47:19):
It starts with getting organized, but that is just the beginning.

Speaker 9 (47:23):
Because once everything is clear, now you can make better
decisions about income, taxes and long term planning.

Speaker 10 (47:28):
And for someone like John and Lisa, that organization created
a window of opportunity, one that can have a significant
impact over the course of their retirement.

Speaker 9 (47:38):
If you're listening today and thinking I've done a good
job saving, but I'm not sure I have a strategy
for using it, that's exactly where these conversations begin.

Speaker 10 (47:46):
Whether it's organizing your accounts, coordinating with your CPA, or
evaluating tax smart strategies like Roth conversions, these are all
steps that can make a meaningful difference over time.

Speaker 1 (47:58):
If you'd like help getting STARF to give our office
a call.

Speaker 9 (48:01):
We're happy to sit down, help you get organized and
walk through what opportunities may be available in your situation.
And don't forget to ask for your copy of the
Safe Money Strategies Workbook. It's a great resource to help
you start thinking through these decisions.

Speaker 7 (48:14):
Thank you for joining us today.

Speaker 1 (48:16):
We'll see you next time.

Speaker 8 (48:21):
Joining us now as she always does at this time.
She is the co founder, CEO, and president of Kelly
Financial Services, and yes, that is her wonderful name, Kelly.

Speaker 1 (48:37):
Kelly Kelly, how are.

Speaker 4 (48:41):
You good morning, Jeff, I am good. You know, when
people think about retirement, they often focus on how much
they've saved, But one of the biggest decisions isn't just
about money. It's about where and how you're going to live.
Do you stay in your home on size, move to
a fifty five plus community, or maybe be closer to family.

(49:06):
Each of those choices comes with trade offs that can
impact your independence, your lifestyle, and your long term plan.
That's why we put together a helpful planning guide, your
Retirement Income Planning Checklist. It walks through key decisions people face,
from longevity and healthcare costs to houhousing fits into the

(49:28):
bigger picture. At Kelly Financial we help connect those pieces
so your plan is designed to support you over time.
To request a copy, give us a call or email
us at Kelly at Kellyfinancial dot org. Have a wonderful weekend, Jeff,
My best to Grace and the family, and happy Mother's Day.

Speaker 7 (49:51):
Oh thank you Kelly.

Speaker 8 (49:53):
Happy Mother's Day to you, and I hope William and
Mary Maddel intrigue you because you deserve it to you
get a free copy of that guide, and I urge
all of you, if you can do get it call
now eight eighty eight eight hundred, eighteen eighty one, eight
eighty eight eight hundred eighteen eighty one, or you can
actually email Kelly herself personally Kelly Kellyfinancial dot org.

Speaker 1 (50:19):
That's Kelly Kelly Financial dot org.

Speaker 3 (50:26):
Safe Money Strategies A eight eight hundred one, eight eight one.

Speaker 4 (50:32):
This week, I want to share something very personal with you.
This is a conversation Bill and I had in the
summer of twenty seventeen, just talking about our kids, our family,
and what life and work look like in that moment.
Listening back now, it brings back so many beautiful memories.

(50:53):
I'm grateful to have it and to be able to
share it with you.

Speaker 5 (51:00):
Kelly Kelly, how are you today?

Speaker 12 (51:02):
Hi?

Speaker 4 (51:02):
I'm doing great, Bill Kelly.

Speaker 5 (51:04):
Good, ladies and gentlemen. This is my wife, Kelly Kelly,
incredible woman and co founder of Kelly Financial Services. And
how's it going?

Speaker 1 (51:11):
Cal Good?

Speaker 4 (51:12):
That was quite an intro.

Speaker 1 (51:14):
Thank You're welcome.

Speaker 5 (51:16):
Sound like you're right in the studio here. Now, how's
things going for you? And how are things going for
William and Mary Madlin?

Speaker 4 (51:22):
Everything's going great. Mary Madaline is, as you know, at
the office, working and loving it, loving every second.

Speaker 5 (51:31):
I did not know that. When did this start?

Speaker 4 (51:33):
Well, when she finished her sophomore year at PC.

Speaker 5 (51:37):
We're not paying her, are we?

Speaker 4 (51:38):
Of course we are. We pay our interns.

Speaker 5 (51:41):
We do with there's people dying to get in there
from Boston College, Providence, Sat Francis. And we have to
pay our own daughter, yes we do. Did you get
paid when you work for John Deere?

Speaker 1 (51:51):
Yes?

Speaker 4 (51:51):
He paid me when I worked at the John Deere.
But when I babysat my sister, no pay, ok okay,
So I'd have to give up my paying babysitting jobs
for the non pain because my parents, of course, the
family you know that comes first. Oh definitely, Oh yeah, yeah,
if they needed a babysitter, so.

Speaker 5 (52:11):
I guess, ma'am Mallen babysit William.

Speaker 4 (52:12):
She did a pretty good job, yeah she did. He
would make her cry every day when they would bump heads.
Remember I do cute I bump. But William is finishing
up fifth grade at Abraham Lincoln.

Speaker 5 (52:24):
School, itching like crazy.

Speaker 4 (52:27):
Yes, he is an amazing kid.

Speaker 5 (52:29):
I used to be the fanatic at the baseball games,
and I've kind of calmed down. But now I hear
somebody shouting in the background doing the video taping sections there.

Speaker 4 (52:38):
Oh yeah, and William is paying attention. If he sees
that I'm like taking a video break, he has a fit.
So I don't take video breaks. No, it's like mom, mom,
And he used to like not like me to video,
but now he likes to watch so he can improve.
That's great.

Speaker 5 (52:55):
Well, I guess. I mean, we got a video every
second of his life. If he's famous, I guess one
of these kids with the videotapes from day one.

Speaker 4 (53:03):
But now every time I look at him, if he's
not at baseball, he's got some fidget spinner going. It's
like the fidget spinning craze. But it is definitely a
crazy and Williams says, you know what, it's actually a
good thing At Abraham Lincoln. It has caused people to

(53:24):
share more. People are not fighting over the fidget spinners,
they share with one another, and it has helped his
mother stop smoking. And it has calmed mister chan, I think,
and he's an advocate for the fidget spinners.

Speaker 5 (53:40):
Wow. My mother could have probably used that to stop
betting on the daily numbers that she used to bet
when I was a kid. They'd put a quarter on
a number kind at the hardware store. If you won,
you get twelve hundred bucks.

Speaker 4 (53:51):
Wow did she ever win?

Speaker 5 (53:53):
I think that was like partially to split it. I
think one time she won four hundred dollars, so that'd
be five years worth of quarters. Companies doing well, we
have the biggest month we've had in a long time
in the last month.

Speaker 4 (54:04):
They are all working together as a team and they're
a great team. So proud of them.

Speaker 5 (54:10):
Yes, I'm trying to be tough, fun, but you kind
of stopping that process pretty much by pampering everybody. But
that's okay, I guess.

Speaker 4 (54:18):
I pamper I think so.

Speaker 5 (54:22):
No way, it's like we got five more kids in
our family. It's great anyway.

Speaker 1 (54:26):
They're terrific people, right, I know they are.

Speaker 4 (54:28):
They work hard. I mean think about it. You were
sending them to a concert, yeah.

Speaker 5 (54:34):
Which we couldn't do because they wanted to stay in work.

Speaker 4 (54:36):
I know they had appointments and they said, you know,
we thought about this and we really appreciate it, but
we won't get home until so late and we want
to be clear rested for our appointment. So I mean
that says a lot.

Speaker 5 (54:49):
Well, good Mary Malin's doing well at the office, then
e she is.

Speaker 4 (54:52):
She's making that commute and no complaints. She drove my
car the other day and she said that she p
in this parking place and it was so tight, and
there was a car that was next to it that
was really beat up, you know, and you know when
I park always said they don't care about their car.
I'm not parking there because they're gonna hit my car.
And so she got nervous and she went in and

(55:14):
they came out and moved the car. For she.

Speaker 5 (55:18):
Nobody moved my car. I had an eighty eight sub
with no floorboards.

Speaker 4 (55:22):
I remember in a.

Speaker 5 (55:24):
Movement they'd call a tow truck and bring it to
the dump.

Speaker 4 (55:26):
Well, that car served us well, it did.

Speaker 1 (55:29):
I could see a long time ago, I could see
the road.

Speaker 4 (55:32):
Yes, that's true.

Speaker 5 (55:33):
Very good. It's great having you on the show.

Speaker 4 (55:35):
Thank you.

Speaker 5 (55:36):
Finding out that my daughter's actually taking a paycheck, which
a little disappointing, but I'll have to live with it.

Speaker 4 (55:41):
I guess, well, hey, it will help pay for her
books for school. She did that last summer.

Speaker 5 (55:47):
She did.

Speaker 4 (55:47):
Yeah, with the money she made, she paid for her
books and some other things. So and she put some
in savings. Okay, save someone, you know, it's less we
have to dish out.

Speaker 5 (55:57):
That's all one happy family. Well, we love you.

Speaker 4 (56:00):
I love you too.

Speaker 5 (56:01):
I will talk to you soon.

Speaker 4 (56:02):
Okay. Byeus. That was Bill and me, just a simple
conversation about family, work and everyday life. The kind of
moments you don't always realize are so meaningful at the time.
I'm grateful we can share that with you.

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

Speaker 4 (56:27):
I'm Kelly. Kelly from Kelly Financial. Whether you're in your sixties, seventies,
or eighties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called Designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balance portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty

(56:50):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us.

Speaker 3 (56:57):
Safe Money Strategies with William K. Kelly and Kelly Kelly
go to Kelly financial dot org.

Speaker 12 (57:09):
All opinions expressed by the host, guests, or employees of
Kelly Financial Services are their own and do not necessarily.

Speaker 1 (57:14):
The pre sheading. Broadcast was paid for by Kelly Financial
Services