Kelly Financial: Saturday, November 15, 2025

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Episode Transcript

Speaker 1 (00:11):
This is coming to.

Speaker 2 (00:19):
Ladies and gentlemen. Welcome Safe Money Strategies on WRKO. I'm
William Kelly and it's an honor to carry on a
family legacy rooted in real world values.

Speaker 3 (00:27):
And practical advice.

Speaker 2 (00:29):
Kelly Financi is found in two thousand and three by
my parents, my late father Bill Kelly and my mother
Kelly Kelly and Braintree in Burlington, Massachusetts.

Speaker 3 (00:37):
Just two years later, Dad launch Safe.

Speaker 2 (00:39):
Money Strategies on WRKO as a new nonsense call in
radio show focused on content's planning and protecting wealth. Over
the past two decades, Dad became a pillar in New
England finance, an engineer turned entrepreneur, author and philanthropists who
believe in giving back and walking the talk. Since two
thousand and five, Archie had remained a Saturday morning staple,
offering in site and empowerment. Here at Kelly Financial, we

(01:03):
help steward over seven hundred million dollars across our affiliated business,
including more than five hundred 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

(01:27):
Mary Madeline, and Tom Schlager. 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
Kellyfinancial dot org or call us at eight eight eight
eight hundred one eight eight one. This is Safe Money Strategies.

(01:50):
Next up Forever Young with Kelly Kelly and myself William
Kelly Junior.

Speaker 4 (01:58):
Safe Money Status Jeez with William Kelly and Kelly Kelly
eight hundred eighteen eighty one.

Speaker 5 (02:09):
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.

Speaker 6 (02:19):
This is the part of the show.

Speaker 5 (02:20):
We call Forever Young is where I sit down with
my son, William Kelly Junior, and we talk about life,
what's going on in the world, and our family and
what really matters most when you're planning for the future.
Sometimes is light, sometimes is thoughtful, but is always real.
Good morning, William, How are you mom?

Speaker 3 (02:42):
I'm fantastic. How are you?

Speaker 6 (02:43):
I'm doing just dandy.

Speaker 3 (02:45):
That's great.

Speaker 2 (02:46):
So I've officially committed to Brant University ladies and gentlemen,
and I'm going on a scholarship. I'll be studying entrepreneurialship
there and I am so excited. Their business college is fantastic.
Fidelity who is just writing a store at the gym today?
I actually met a gentleman who works in that building.
They have donated one of their buildings to Bryant. So

(03:09):
Briant has this whole building dedicated to the College of Business.

Speaker 6 (03:12):
It's beautiful, it is it is amazing.

Speaker 2 (03:14):
It truly is wonderful. So I'm so excited to utilize it.
It's you know, entrepreneurialship is pretty new. There's an AI minor.
I might take that, and I heard there's a little
more to come on the down low, you know, potentially
a major in AI, but which is super cool. So
Brian Universities they're new with the times, they keep up
to date with everything, and they just seem like genuine

(03:37):
people and that's rare to find.

Speaker 6 (03:39):
They put on a great open house.

Speaker 3 (03:40):
They truly DoD It's so professional. The people there are
so professional.

Speaker 2 (03:45):
Yes, it just makes me so I feel like I'm
in my zone when I'm out William.

Speaker 6 (03:50):
It's like I could like feel.

Speaker 3 (03:53):
It, like I was just so happy, you know what
I mean.

Speaker 2 (03:56):
And I've toured other colleges and they're meant for different people,
you know what I mean, Brian is.

Speaker 5 (04:00):
Yeah, I mean, you applied to some really good colleges,
but this was the one you wanted.

Speaker 3 (04:04):
That's true. And I genuinely think we were.

Speaker 5 (04:07):
Waiting on this open house. I just wanted I wanted
to see it in action.

Speaker 2 (04:12):
I'm going to say this, I would pick Brian over Harvard.
I genuinely mean that, just because they have what I need.
It's perfect. So I'm very, very, very lucky to have
been accepted, and I'm very grateful for the scholarship. Thank
you Brian University for that.

Speaker 5 (04:26):
And maybe Mom says thank you as well.

Speaker 3 (04:30):
Oh yeah, we're all happy. Yes, I just I'm so
enamored by the business college there.

Speaker 2 (04:37):
I'm just enamored by just how focused they are on
the student and their career and they're just such a
business school. And it's just exactly what I want. So
I'm very grateful. Thank you, Brian, and thanks Mom.

Speaker 5 (04:49):
Well it'll be it'll be great watching you move forward
succeed there.

Speaker 2 (04:56):
And yeah, so we figured this out at the open house,
like you mentioned, and we had walked in and they
really put on a great service. The current president, Ross
Caatel I think is his full name. I hope I
said his last name correctly. But Ross is a great speaker.
Just he just seems like a great guy. We were
talking about it the other day.

Speaker 6 (05:15):
Remember the first time we visited, we were lost.

Speaker 3 (05:18):
So we drive into Brian, I've never seen this campus
in my life.

Speaker 6 (05:22):
This was like in August.

Speaker 2 (05:23):
Yeah, and I see this, you know, this middle aged man,
curly hair, you know, dressed in a nice suit and tie.
And I say, sir, could you direct me to the
Entrepreneurial building or whatever it was called? And he points
right behind me. He says, right over there, right behind
yours And thank you very much. I appreciate it a little.
Do we know that was the president of the school.

Speaker 6 (05:40):
So you figured it out?

Speaker 3 (05:42):
Yeah, I know. I just saw his face. I'm like,
holy grad Mom. We spoke to the president, but he's
so friendly, super humble. He's a humble guy. That's what
I like about him.

Speaker 2 (05:51):
It's not a grant focused school, so they're not trying
to just like basically launder money, just in a legal way.
They just most of their money comes to tuition and
they really just focus on the students and they have
so much entrepreneurial opportunities.

Speaker 3 (06:04):
And it's just my type of school. So enough on that.
My book is coming out, baby, The book is rolling.

Speaker 2 (06:10):
We got people printing them. We have hundreds of copies
on the way.

Speaker 3 (06:15):
It's on Amazon.

Speaker 2 (06:16):
Ladies and gentlemen, only the good invest young find it
on Amazon nineteen ninety five. And then there will be
a kindle version that will be coming up. And when
that comes out, that should be around ten dollars or
nine to ninety nine if I'm correct. So if you
just want to read on your kindle and your iPad,
you'll save a bit of money there.

Speaker 3 (06:34):
And I am just so happy this is finally out.
I can I never I know.

Speaker 5 (06:40):
And those of you listening, if you want a copy
and you are one of our listeners, give us a call.
We will be more than happy to send you a copy.
Out William will sign the book for you.

Speaker 3 (06:51):
I will if you'd like me to sign let me know,
just ask.

Speaker 5 (06:53):
Yeah, Kelly Financial we invested in the first run and
we are providing for clients, for listeners, friends, family, that's right.

Speaker 6 (07:02):
It's like a great thing.

Speaker 2 (07:04):
And and Burlington and Braintree around December sixth I will
be doing signings, yeah, will in the books. So if
you have any questions, just let me know.

Speaker 5 (07:14):
Right, we will be is our Toy Drive and we'll
be accepting unwrapped children's toys.

Speaker 2 (07:21):
Is a little more important, yes, yes, but I'm very
excited about this. Yeah, so toy Drive, bring some toys.
They'll be going out to kids and need who need
toys this Christmas. You know, make sure they're good quality,
or go out.

Speaker 3 (07:33):
And buy some.

Speaker 2 (07:35):
And uh, go ahead and donate and then come get
your free book.

Speaker 3 (07:39):
Talk to me the author, and I want to sign
them for you to meet.

Speaker 5 (07:45):
Ready, Yes, yes, our team will be split up in
both offices.

Speaker 2 (07:51):
Abody, come so I will you.

Speaker 3 (07:55):
So we'll see how many's left. Mary, Madeline and I
are there.

Speaker 2 (07:58):
They should all be gone. But jokes aside, I think
it'll be a lot of fun. Yes, today, completely unrelated
to these important things. I go over to, you know,
hang out with Marshall. I want to pet Marshall. He's
just kind of hanging out on the carpet. And you know,
I love my cat to death, so you know.

Speaker 3 (08:17):
I like to pick him up cuddle with him. I
don't know if he likes it that much.

Speaker 6 (08:20):
You like to drive him crazy too, to drive a little.

Speaker 2 (08:23):
Crazy sometimes, But I love my cat, you know, i'd
probably take a bullet for him on ironically. And I
see he's looking down on something on the carpet, and
you know, it's it's pouring rain outside, and so I
look down and I look under his head and he's
staring at this wasp on the carpet.

Speaker 6 (08:39):
Where was it?

Speaker 3 (08:40):
It was on the rug in the living room.

Speaker 2 (08:43):
Oh okay, oh okay. So was wasn't flying. He was
just crawling. And so it was like, okay, his wings
are probably wet or damaged. And so I go get
a cup, and so we have a new pet. His
name is George the Wasp.

Speaker 3 (08:56):
He's just hanging out in this cup right now.

Speaker 6 (08:59):
How long is he gonna he's got it's a glass.

Speaker 2 (09:01):
It is a glass down upside down with the plate
on the bottom. And I mean, you know you want
to call animal cruelty, go ahead.

Speaker 3 (09:09):
But wasps are not good. They don't do good things.

Speaker 2 (09:12):
So I think, I don't know, maybe I'll release him,
or maybe I'll let them kind of gently pass away
in the cup and go on to wasp heaven.

Speaker 6 (09:19):
You're always a kid.

Speaker 3 (09:20):
I think he'll go to age.

Speaker 6 (09:22):
You're always a kid.

Speaker 3 (09:24):
But I could throw him in the freezer and no.

Speaker 2 (09:27):
So this is what they do is they tie a
rope around them, and they so you freeze them. You
tie a rope around them, and then they wake up,
and then you have a little wasp on a rope.

Speaker 3 (09:37):
It's a real thing. No way, I've done it with
a fly once.

Speaker 7 (09:40):
You have not? Yeah, I have.

Speaker 3 (09:42):
But his wings are weak. So you freeze it. But
you don't want to freeze it gullible?

Speaker 6 (09:48):
Are you pulling? Are you not?

Speaker 2 (09:52):
Is a real thing, So you don't freeze it with
you freeze the bla no, no, no, So you freeze
it for like sixty minutes the okay, and then you
don't want to freeze it too long because then it
will pass away, it'll die. Okay, you don't want to
kill it, you want to freeze it.

Speaker 3 (10:07):
Just to it falls asleep.

Speaker 2 (10:09):
Once it falls asleep, then you quickly tie it with
a little small string and then you hold it onto
the string and you have a little pet on a leash.

Speaker 3 (10:17):
I'm not kidding.

Speaker 2 (10:18):
This is a real thing. Ladies and gentlemen. If you
catch any bees, any wasp an he flies, put him
in the freezer for like, just look it up, Google it.

Speaker 3 (10:26):
Don't take my word for it. I think it's an hour,
but it could be longer, could be shorter.

Speaker 2 (10:30):
Get a small little piece of string, and you got
give it to your grandkids.

Speaker 3 (10:34):
Your grandkids will love it. They'll be like, this is awesome.
I got a pet bee. I've been wanting this. And
the parents like think, oh, we don't have to get
a dog. This is fine.

Speaker 2 (10:43):
You can take it for walks. Just keep it, keep
it at arm's length because it might try to sing you.
But yeah, I know, have fun with it.

Speaker 6 (10:51):
I have no words.

Speaker 5 (10:54):
Do keep us on your dial. We've got a lot
of great content coming your way.

Speaker 8 (10:58):
Mike.

Speaker 6 (10:59):
Do set and workmen.

Speaker 5 (11:01):
We'll explain how smart you're in Planning for required minimum
distributions can simplify your accounts, cut tax stress, and bring
more confidence for your retirement income, Mary, Madeline Kelly and
Greg Murray will share timely strategies for making your cash
work smarter, from municipal bonds to tax efficient income solutions

(11:24):
as interest rates come down. I will be back with
William and we will talk about the Sandwich generation, how
to protect your future while you're still helping everyone else.

Speaker 6 (11:36):
And of course we'll close.

Speaker 5 (11:37):
The hour with some wit and wisdom from the late
Bill Kelly. His words continue to inspire and 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, Hanni, love you too, Mama.

Speaker 4 (12:03):
Kelly Financial Services eight eight hundred, eighteen eighty one.

Speaker 9 (12:08):
I believe that this nation should commit it zel achieving.

Speaker 7 (12:11):
The goal of landing a man on the Moon.

Speaker 9 (12:14):
And returning him safely to the Earth six five four
three two one zero, All engine run?

Speaker 2 (12:25):
What'd what?

Speaker 7 (12:26):
Gon'll follow up?

Speaker 10 (12:28):
Remember those Apollo Moon missions one of America's greatest adventures
and achievements.

Speaker 3 (12:33):
Too.

Speaker 10 (12:34):
The nation set a goal and then realized it. What
are your goals? At Kelly Financial Services, We've got the
right team and technology to help launch your retirement planning.
Let us help you set and reach your goals for
your greatest adventure and achievement. Call us at eight eight
eight eight hundred eighteen eighty one or visit us at

(12:56):
Kellyfinancial dot org. Where do you want to.

Speaker 11 (12:59):
Land with an aquality behavior.

Speaker 2 (13:02):
The angle labit.

Speaker 10 (13:03):
We are Kelly Financial Services. Come retire with us.

Speaker 1 (13:08):
Okay, my friends, we all talk about planning for retirement,
but let's be honest. For most people, it's not the
numbers that keep you up at night.

Speaker 3 (13:17):
It's the fear.

Speaker 1 (13:19):
Fear of the market, fear of outliving your savings, fear
of the unknown. And that's why Kelly Kelly, the CEO
of Kelly Financial Services, wrote the book Retire Your Fear,
Plan your Future. It is not your typical financial guide
full of industry jargon. It's about the reality so many
retirees face life changes like widowhood, longevity, even planning for

(13:43):
your own future and how to navigate them with clarity
and confidence. For more than two decades, Kelly Financial has
helped you England families prepare for retirement through education and
sound financial planning. Now Kelly has gathered that insight into
one easy to read book, So take the next step

(14:03):
toward understanding your options. Call Kelly Financial Now eight eight
eight eight hundred eighteen eighty one get your free copy
of Retire Your Fear, Plan Your Future eight eight eight
eight hundred eighteen eighty one or email Kelly at Kellyfinancial
dot org.

Speaker 12 (14:23):
Welcome back to Save Money Strategies, the show where we
talk about protecting, growing, and enjoying your retirement savings.

Speaker 3 (14:29):
Mike, you said here with Greg.

Speaker 7 (14:30):
Workman, always good to be here, Mike. Today we're diving
into a topic that nearly every retire we will face
at some point, required minimum distributions or rmds, and how
to handle them without the stress.

Speaker 3 (14:44):
That's right.

Speaker 12 (14:45):
If you turned seventy three this year or are approaching
that age, the IRS expects you to start taking money
out of your retirement accounts, whether you need it or not,
and the rules can be confusing.

Speaker 7 (14:55):
They really can. Rmds apply to most text retirement accounts,
including traditional iras, SEP iras, simple iras, and four A
one k's from previous employers. One key difference. For iras,
you can calculate your total RMD and take it from

(15:17):
one or several accounts, but for four A one k's.
Each account's rm D must be calculated and withdrawn separately.

Speaker 12 (15:26):
And here's a big point retirees often miss. The RMD
isn't optional. Once you reach seventy three, withdrawals are required.
Missing an RMD or taking the wrong amount can result
in steep penalties. The IRS can assess a penalty equal
to fifty percent of the amount you should have withdrawn
but didn't exactly.

Speaker 7 (15:46):
Some clients call us and ask, I'm retired, I don't
need this money. Can I skip the r and D? Unfortunately,
the IRS doesn't care if you don't need the money.
That's why it is critical to understand the rules and
to plan ahead.

Speaker 12 (16:03):
To make this rail. Let's talk about a client named Nancy.
She turned seventy three in May and has several old
four oh one ks and iras from past jobs. She's retired,
living primarily on source security and came to us feeling
stressed and unsure about what to do.

Speaker 7 (16:18):
And it wasn't just about the numbers. Nancy's previous advisor
retired and she wasn't comfortable with the new advisor taking
over the business. She wanted guidance on how much to
take from which accounts and in what order, while also
making sure she wasn't over paying taxes or taking unnecessary risk.

Speaker 12 (16:40):
Many retirees face similar situations. They have multiple accounts at
different firms, each with its own reporting schedule, paperwork and forms.

Speaker 3 (16:48):
It can get confusing quickly.

Speaker 7 (16:50):
While we are not CPAs and don't calculate rmds ourselves,
we help clients like Nancy by contacting each firm to
confirm the reported RMD number. Most firms send a form
fifty four to ninety eight showing year end balances, which
is used to calculate the RMD. We make sure all

(17:12):
accounts are accounted for and that nothing slips through the cracks.

Speaker 12 (17:16):
Once we gather the rm D figures, we help clients
interpret them. We look at which accounts are most tax
efficient to withdraw from first, whether consolidating accounts could simplify
the process, and how it drawers fit into.

Speaker 3 (17:28):
The bigger picture of retirement income.

Speaker 12 (17:31):
That's what planning rarely adds value, helping you make informed
decisions instead of guessing.

Speaker 7 (17:36):
And that clarity alone reduces stress. Knowing exactly what's required,
where it comes from, and how it fits into your
overall plan allows retirees to make strategic choices instead of
reactive ones.

Speaker 12 (17:50):
While reviewing Nancy's accounts, we noticed another issue. Her investments
were still positioned like she was in her late fifties.
She had a heavy allocation in growth stocks and some
higher risk mutual funds. That's fine when you're working, but
once urmds to start, market volatility becomes a bigger concern.

Speaker 7 (18:07):
This is where sequencing risk comes in. That is the
risk that a market downturn happens right when you need
to take a withdrawal. For instance, if Nancy needed fifty
thousand dollars this year and her portfolio dropped twenty percent
right before the withdrawal, that could significantly impact her long

(18:27):
term retirement income.

Speaker 12 (18:29):
To manage that, we recommended dialing back the risk in
part of her portfolio and repositioning assets into more conservative
income generating investments. It's not about eliminating growth entirely, but
protecting the portion that funds near term income.

Speaker 7 (18:44):
We also discussed account consolidation. Nancy had multiple four oh
one K accounts and iras scattered across different companies. Consolidating
accounts can simplify tracking, reduce fee ease, and allow for
a coordinated investment and withdrawal strategy.

Speaker 12 (19:04):
For example, instead of juggling five statements and tracking five
different rmds, consolidating into fewer accounts lets you see the
full pitcher. It also makes rebalancing easier and allows a
more intentional approach to withdrawals.

Speaker 7 (19:18):
Beyond the numbers, consolidation can reduce stress. Clients feel more
confident when they have fewer moving parts and a clear
plan for how money will be withdrawn and invested year
in and year out.

Speaker 12 (19:32):
Nancy's biggest relief was having a clear withdrawal strategy. Before
meeting with us, she worried about taking too little and
facing penalties, or taking too much and risking running out
of money later.

Speaker 7 (19:43):
Once we laid out the plan, here's what to withdraw
this year, here's where it's coming from, and here's how
the rest of the portfolio is invested. You could see
the weight lift off her shoulders.

Speaker 12 (19:56):
And that's why rmds aren't just a tax rule. They're
part of a larger retirement strategy. They affect taxes, portfolio longevity,
investment risk, and even Medicare premiums if income spikes.

Speaker 7 (20:08):
Understanding our mds, consolidating accounts, adjusting risk, and Having a
clear strategy can make a huge difference in your confidence
and peace of mind.

Speaker 12 (20:19):
Greg and I need to take a short break. When
we return, will cover six practical steps to make your
retirement income more efficient and less stressful, including another client
story and actionable strategies.

Speaker 3 (20:30):
You can implement today.

Speaker 4 (20:36):
Kelly Financial Services eight hundred, eighteen eighty one.

Speaker 10 (20:42):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly, who today tests time time.

Speaker 8 (20:52):
You don't have as much left today as you had yesterday.
It's the rule of science. When's the best time to
plant a tree twenty years ago? When's the second best
time to plant a tree? Tomorrow? Today? Whenever you can
get to it, that's the next best time.

Speaker 10 (21:07):
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 Kellyfinancial dot org or call eight eight eight

(21:29):
eight hundred eighteen eighty one to spend some time with
one of our financial advisors.

Speaker 3 (21:34):
Time, ladies and gentlemen, it's not too late.

Speaker 10 (21:36):
We are Kelly Financial. Come retire with us.

Speaker 5 (21:41):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future, explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred and

(22:03):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with us.

Speaker 4 (22:11):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 3 (22:18):
Hello.

Speaker 11 (22:19):
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 3 (22:27):
How are you doing today?

Speaker 8 (22:28):
Hi?

Speaker 7 (22:28):
Greg?

Speaker 13 (22:28):
I am doing great. I'm going to a friends giving tonight,
which is always a good time. I love the concept
of friendsgiving. It's such a nice reminder that family isn't
just who you're related to, it's the friends who've become
family over the years.

Speaker 11 (22:41):
Friendsgiving, that's one of my favorite new traditions too. There's
always too much food though, and well on lefter and
at least one person forgets the roles in the oven.
It's a great way to kick off the holiday season.

Speaker 13 (22:51):
Absolutely, and I think this is the perfect time to
start talking about something that's on a lot of people's
minds right now, what to do with cash, as interest
rates to to come down exactly.

Speaker 11 (23:01):
For the past couple of years, people have been thrilled
to see their savings account CDs in money markets finally
paying four or five percent. But with the Federal Reserve
cutting rates, that easy yield in cash probably isn't going
to last.

Speaker 13 (23:12):
That's right, So now's the time to look at smart
alternatives for your cash options that can still keep your
money safe but potentially offer better income and even some
tax advantages.

Speaker 11 (23:22):
And one of the best examples is municipal bonds. These
are bonds issued by cities and states to fund public
projects like schools, hospitals, or roads, and the interest they
pay is generally tax free at the federal level. In
some cases, if you live in the same state as
the bond issuer, it can be state tax free too.

Speaker 13 (23:39):
When you compare that to a traditional savings account or CD.
The after tax return on municipal bonds can actually be higher,
especially for people in higher income brackets. For example, a
four percent tax free muni bond might be equivalent to
earning five percent or six percent on a taxable investment.

Speaker 11 (23:57):
That's a great point, and unlike the stock market, bonds
tend to be much steadier.

Speaker 3 (24:02):
You can use.

Speaker 11 (24:02):
Individual bonds or bond funds depending on your goals and
how long you want to lock in the rate.

Speaker 13 (24:07):
And for people who like flexibility, there are short term
municipal bond funds or ETFs that still focus on high
quality issuers, but allow.

Speaker 3 (24:15):
You to move your money more easily.

Speaker 13 (24:17):
So you can earn attractive tax free interest while keeping
liquidity in case you need the funds.

Speaker 11 (24:22):
Another area that's getting attention is fixed index annuities or
multi year guaranteed annuities called magas. They can offer principle
protection and fix rate that's locked in for a certain
number of years, which is appealing if rates start to fall.

Speaker 13 (24:35):
Yes, and in many cases the interest grows tax deferred.
That means you don't pay taxes until you actually take
the money out, which can help lower your current taxable income.
For retirees who don't need all of their cash right away,
that's a nice benefit.

Speaker 11 (24:48):
And of course, all of this fits into a bigger
picture balancing safety, income and taxes. When rates are high,
it's easy to just park money in the bank and
feel good. But in the lower rate world, smart investors
look for ways to be more strategic.

Speaker 13 (25:01):
Exactly, you don't have to take on big risks to
be efficient. For example, laddering municipal bonds or CDs can
help you lock in today's rates while keeping some cash
available if rates move again.

Speaker 11 (25:12):
And that's an important distinction. We're not talking about speculating.
We're talking about using conservative, income focused strategies that protect
your principle and make your money work a little harder
after taxes.

Speaker 13 (25:22):
Right Because when rates ball, the nominal yield on cash
might look okay, but once you factor in inflation and taxes,
your real return could actually be negative. That's why these
tax advantage options become so valuable.

Speaker 11 (25:36):
So let's summarize a few key takeaways for our listeners. One,
don't let too much cash sit idle. Even safe money
can lose value over time. Two, look into municipal bond
strategies for tax free interest income. Three, consider tax deferred
annuities for safety and predictable returns. Four Build a mix
with some liquidity, some fixed income, in some long term protection.

Speaker 13 (25:56):
Perfect summary, and this is where planning really matters. At
Kelly Financial, we help clients evaluate all of these options
side by side to see what's safe, what's smart, and
what's most tax efficient for their specific goals.

Speaker 11 (26:09):
Because at the end of the day, investing isn't just
about chasing the highest yield. It's about keeping more of
what you earn and making sure your cash is working
for you even when interest rates are changing.

Speaker 13 (26:19):
Exactly and now's the time to take a closer look
before rates start dropping and opportunities narrow Well.

Speaker 11 (26:24):
Said, if you'd like to learn more about municipal bond
strategies or other safe, tax efficient cash alternatives, give us
a call. We'll be happy to walk you through your options.

Speaker 13 (26:32):
Absolutely well, Greg I will chat with you next week.

Speaker 3 (26:36):
Have one tonight.

Speaker 7 (26:36):
Thank you.

Speaker 4 (26:37):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team, call
atat EATE eight hundred eighteen eighty one. Safe Money Strategies
with William Kelly and Kelly Kelly call the team on
at eight eight hundreds, eighteen eighty one.

Speaker 5 (27:03):
Welcome back to Save Money Strategies. I'm Kelly Kelly, joined
by my son William Kelly Junior. We're so glad you're
with us today as we talk about a stage that
many families know well, the one where you're still helping
loved ones from both directions even after retirement.

Speaker 3 (27:22):
That's right, mom. The term sandwich generation usually describes people
who are caring for aging parents while still supporting children,
but lately we're seeing more retirees land right in the middle,
helping adult kids who are trying to get their footing,
and at the same time stepping in for their own
parents who need more care exactly.

Speaker 5 (27:41):
Retirement was once thought of as this clear line you
stop working, slowed down, and finally enjoy life.

Speaker 6 (27:48):
But now for so.

Speaker 5 (27:49):
Many people, retirement looks more like a continuation of giving.
It can be deeply rewarding but also incredibly demanding financially, emotionally,
and physically.

Speaker 2 (28:02):
I think what surprises people the most is how much
that sense of responsibility follows them into retirement. You think
you're finally going to axhale, and then real life shows up.
Maybe a child loses a job, moves home or needs
help with tuition, or maybe an elderly parent suddenly needs
daily care or help with their bills, and.

Speaker 5 (28:20):
Those situations can change overnight. A family member's health turns,
or your adult child gets caught between jobs, and all
of a sudden, you're back in full support mode. Most
people want to help, of course, but what we see
is that they rarely stop to consider how it affects
their long term plan.

Speaker 2 (28:41):
And the truth is helping can quietly alter retirement. Math
studies show that nearly half of parents continue to provide
financial assistance to adult children, sometimes well into those children's.

Speaker 3 (28:52):
Thirties or even forties.

Speaker 2 (28:54):
It might start small, a little help with rent, groceries
or car payment, but it can easily grow into something
much larger.

Speaker 6 (29:00):
We've seen that too.

Speaker 5 (29:02):
Clients will say, oh, it's just temporary, but then a
year later is still happening. Before long, those little contributions
become part of your monthly budget, and they start eating
into what you set aside for travel, hobbies, or even
essential expenses.

Speaker 3 (29:20):
And it's not just the kids.

Speaker 2 (29:21):
Many retirees are also helping aging parents, paying for prescriptions,
some health care, or is this a living Those are
real costs, and they often appear when you're already living
on a fixed income.

Speaker 5 (29:33):
Exactly, and even beyond the dollars is the time and
emotional energy. People underestimate how much energy caregiving requires. Many
retirees say it feels like they've taken on another full
time job, but now there's no paycheck attached.

Speaker 2 (29:51):
So true, and that's why this kind of planning isn't
just financial, it's emotional too. You have to protect your
time and your peace of mind just as much.

Speaker 5 (29:59):
As your money, which brings us to something important. Planning ahead.
A fiduciary advisor can help model these dual support scenarios.
They'll build in a family support budget separate from your
essential retirement needs, so you know exactly how much you
can afford to help without compromising your stability.

Speaker 3 (30:21):
That's one of my favorite parts about what we do.

Speaker 2 (30:23):
We walk clients through setting guardrails, figuring out how much
they can safely give, when to say not right now,
and how to create boundaries that still feel loving because
boundaries don't mean you care less.

Speaker 3 (30:34):
They mean you're thinking long term.

Speaker 5 (30:36):
Right, You're protecting yourself so you can keep showing up
for others later, and the communication peace is huge. Having
those family conversations early before a crisis makes all the difference.

Speaker 3 (30:51):
It does.

Speaker 2 (30:51):
When expectations are clear, everyone knows what's possible and what isn't.
It reduces guilt and prevents resentment on both sides.

Speaker 5 (30:58):
And let's not forget helping others is one of life's
greatest joys. Doing it wisely ensures you can keep doing
it for years to come. Is not about saying no.
It's about saying yes in a way the sustainable, and.

Speaker 2 (31:13):
That's the heart of today's topic, protecting yourself while still
being the support your family relies on. To help, we
offer a complimentary resource called the Retirement Income Planning Checklist.
It walks you through ten key steps to organize your
retirement strategy, including planning for longevity, health care, inflation, and
even multi generational living.

Speaker 5 (31:31):
Coming up, we'll continue the conversation with real strategies to
protect your future while you protect theirs.

Speaker 6 (31:39):
Stay with us.

Speaker 5 (31:40):
You're listening to Safe Money Strategies on w RKO.

Speaker 4 (31:48):
Safe Money Strategies brought to you by Kelly Financial Services
called eight eight eight eight hundred eighteen eighty one, or
visit Kellyfinancial dot org.

Speaker 10 (31:59):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty two years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation called eight eight eight eight hundred eighteen

(32:21):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with.

Speaker 4 (32:27):
Us Safe Money Strategies with William Kelly and Kelly Kelly.
Call the team on eight eight eight eight hundred eighteen
eighty one.

Speaker 5 (32:37):
Take care, Welcome back to Safe Money Strategies. I'm Kelly Kelly,
joined once again by my son, William Kelly Junior.

Speaker 6 (32:52):
In our last segment.

Speaker 5 (32:53):
We looked at what it means to be part of
the Sandwich generation that season when you're helping parents and
kids at the same time. Now, let's shift gears to
the solutions how to stay generous without losing your own
financial footing.

Speaker 2 (33:09):
It's such an important topic. A lot of retirees tell
us they feel like they're still working full time, not
for a paycheck anymore, but for their families. And while
that kind of generosity comes from love, it can also
lead to exhaustion, both emotionally and financially.

Speaker 5 (33:23):
When you're stretched thin, you start making quick decisions. Maybe
you dip into savings to cover an unexpected expense for
your child, or you agree to help with a parent's
medical bill even if you're not sure how it fits
into your budget. Those decisions feel good in the moment,
but they can create long term stress later.

Speaker 2 (33:44):
And that's why we always say preparation replaces guilt. When
you have a plan and know your limits, you can
say yes with confidence and know without guilt.

Speaker 5 (33:53):
Boundaries really are essential. They're not harsh, they're healthy. One
couple we work with, for example, helps their daughter with
graduate school tuition, but they've agreed is only through the
end of her program. Everyone knows the plan, and that
eliminates awkward conversations.

Speaker 3 (34:11):
That's such a great example.

Speaker 2 (34:13):
Setting expectations ahead of time shows your family that generosity
comes with responsibility. It teaches financial independence rather than dependency,
and that's an incredible gift to pass on.

Speaker 5 (34:24):
It really is, and we remind clients that help doesn't
always have to be financial. You can mentor guide or
share your experience. You can help a child with a
resume or a parent with local services. Sometimes the most
powerful support is your wisdom and encouragement.

Speaker 2 (34:43):
That's true. You've always said, don't give what you don't have.
Preserving your retirement assets isn't selfish, it's good stewardship. The
stronger your foundation, the more consistently you can help others.

Speaker 5 (34:57):
That word stewardship really cat because it's not about clinging
to what you build. It's about managing it wisely, so
at last, responsible stewardship allows you to continue helping without
losing your peace of mind exactly.

Speaker 2 (35:14):
And part of that stewardship is anticipating future costs. It's
not if expenses will come, it's when. That might mean
long term care for a parent, home maintenance, or even
helping a child by their first home. Planning for those
possibilities now gives you options later.

Speaker 5 (35:31):
That's why stress testing your plan is so powerful. A
fiduciary advisor can model real world scenarios like what if
I help my child for three years or what if
my parent needs assisted living. When you can see the
outcomes on paper, it takes away the uncertainty.

Speaker 2 (35:52):
And it turns emotion into clarity. Suddenly you're not reacting,
you're leading. Those are two very different postures when it
comes to family decisions, absolutely.

Speaker 5 (36:03):
And we've found that clients who have these plans in
place actually feel more generous because they know what's safe
to give. They can help joyfully instead of anxiously.

Speaker 2 (36:14):
It's also a conversation worth having with family. Talk openly
about your limits and priorities. We've seen adult children step
up when they understand the full picture. Families communicate better
when everyone's on the same page.

Speaker 5 (36:27):
And a good advisor can help facilitate that. They can
bring the family together, show how the plan works, and
explain what's sustainable. It's such a relief for everyone involved.

Speaker 2 (36:40):
That's one of my favorite parts about our work, helping
families communicate about money without tension. When love and logic meat,
everything just works better.

Speaker 5 (36:50):
I couldn't agree more so for anyone listening. If this
conversation hits home, if you're feeling stretched or uncertain, I
encourage you to take the first step. Request our complementary
retirement income Planning checklist. It's designed to help you balance
generosity with independence and walk you through guaranteed income healthcare planning,

(37:14):
tax efficiency, and legacy goals.

Speaker 2 (37:17):
Because the truth is, you spend a lifetime helping everyone else.
Now it's time to make sure your plan helps you too, exactly.

Speaker 5 (37:24):
Protecting your future is the best way to keep showing up.

Speaker 6 (37:28):
For the people you love.

Speaker 2 (37:30):
Do keep us on your dial. We have more valuable
financial insights coming your way.

Speaker 5 (37:34):
You're listening to Safe Money Strategies on WRKO.

Speaker 4 (37:41):
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 3 (37:53):
Welcome back to Safe Money Strategies.

Speaker 12 (37:55):
Earlier in the show, we covered required minimum distributions, what
they are, how to handle my moultiple accounts in why
having a plan matters. Now, let's talk about steps you
can take right now to make your retirement income more
efficient and less stressful.

Speaker 7 (38:09):
Right many retirees focus only on rm ds without thinking
about the bigger picture. How withdrawals, taxes, and investment risk
all work together to impact your income. A thoughtful strategy
can make a huge impact.

Speaker 12 (38:26):
Step one, create a withdrawal plan that fits your lifestyle.
Think of it as a roadmap for your money instead
of guessing month to month, you know exactly how much
you'll need, when you'll need it, in which accounts to
tap first, and it's not just.

Speaker 7 (38:39):
About covering the bills. You want to prioritize spending, plan
for taxes, and leave room for unexpected expenses. One practical
tip set aside a short term cash reserve enough to
cover a year of living expenses. This way, you're not
forced to sell investments in a market downturn to meet

(39:00):
or term needs.

Speaker 12 (39:01):
Step two align your investments with your income needs. If
you're taking regular withdrawals, part of your portfolio should be
in lower risk income generating investments like bonds, dividend paying stocks,
or conservative mutual funds. Protecting the portion you'll need soon
is critical.

Speaker 7 (39:17):
The third step be tech smart with withdrawals. Retirement income
can come from multiple sources pension, social security iras, wroth irays,
and four to one kes in addition to taxable accounts.
Planning the order of withdrawals can reduce your overall tax burn.

(39:38):
For example, in early retirement, it may make sense to
draw from taxable accounts first, while letting iras and wroth
irays grow.

Speaker 12 (39:48):
Step four simplify your accounts Consolidating accounts reduces confusion, makes
withdrawals easier to attract, and helps you stay organized. Less
complexity equals less and fewer mistakes.

Speaker 7 (40:01):
The fifth step monitor your plan regularly. Life changes, markets change,
and your spending needs may change. Reviewing your plan annually
or more often ensures that your strategy stays aligned with
your lifestyle and your goals.

Speaker 12 (40:19):
Step six use professional planning resources. Our Safe Money Strategies
workbook is a practical tool that helps you see where
withdrawals should come from, track income and flag areas that
need adjustment.

Speaker 3 (40:32):
It's not just a workbook, it's a roadmap to peace
of mind.

Speaker 7 (40:35):
Let's make this reel with a client example. Joe and Maria,
a retired couple, were worried about taxes and market risk.
Joe wasn't sure the best order to withdraw from their
IR and taxable accounts, and Maria she wanted to protect
their investments from market swings.

Speaker 3 (40:53):
We walked them through their entire income pitture.

Speaker 12 (40:56):
First, we looked at their current account balances and RMD requireronments.
Then we created a sequence of withdrawals that minimized the
taxes while preserving portfolio growth. They started by drawing from
taxable accounts first, letting roth accounts continue to grow tax free,
and maintaining a portion of the portfolio in conservative income
generating investments.

Speaker 7 (41:17):
We also help them consolidate smaller accounts into fewer companies,
making it easier to track distributions and rebalance investments. On
top of that, we created a cash reserve to cover
short term expenses so they wouldn't have to sell investments
during market downturns.

Speaker 12 (41:34):
The result predictable income, reduced stress, and more confidence in
their financial future. They no longer worry about running out
of money or making the wrong withdrawal decisions.

Speaker 7 (41:44):
Joe and Maria's experience highlights something important. It's not just
about the numbers. Having a plan, Knowing your withdrawal sequence
and aligning investments with your income needs reduces anxiety and
gives you peace of mind.

Speaker 12 (41:58):
And this isn't unique to Joe and Many retirees fail
overwhelmed trying to manage multiple accounts, withdrawals and taxes on
their own. That's why taking action now before year end
or before your RMD deadline can prevent mistakes in unnecessary stress.

Speaker 7 (42:13):
Another tip we often share, make sure your withdrawal plan
is flexible life. It can be unpredictable health expenses, unexpected
travel or family support needs may arise. Your plan should
allow you to adjust withdrawals while staying on track for
your long term goals.

Speaker 12 (42:33):
It's also important to review tax implications each year. For example,
rmds from traditional arrays, counts taxable income, which can affect
Medicare premiums, and source security taxation. Pulling from taxable accounts
or WROTH accounts strategically can sometimes reduce overall taxes and
smooth income over time.

Speaker 7 (42:51):
So if you're listening and wondering, how do I know
if my retirement income strategy is efficient and stress free?

Speaker 3 (42:58):
Here's what you can do all our.

Speaker 7 (43:00):
Office to schedule a complementary retirement income analysis. We will
walk you through your accounts, review your withdrawal strategy, and
help you determine if your plan is on track.

Speaker 12 (43:14):
There's no cost, no obligation, just a chance to get
clarity on your retirement income and reduce financial stress. Many
retirees fail immediate relief just by seeing a clear plan
in front of them.

Speaker 7 (43:25):
And that clarity can make a huge difference knowing which
accounts to withdraw from. How to manage taxes and how
to align your investments gives you confidence to enjoy your
retirement without second guessing every financial decision.

Speaker 12 (43:40):
Remember, retirement should be a time of peace, not worry.
Taking proactive steps now, creating withdrawal plan, aligning investments, simplifying accounts,
in monitoring your plan can make all the difference.

Speaker 7 (43:53):
Joe and Maria, Nancy and so many of our clients
have experienced this firsthand. Planning in advance with the right
strategy and guidance allows you to take control of your
retirement income and reduce stress significantly.

Speaker 3 (44:09):
So don't wait.

Speaker 12 (44:10):
Pick up the phone, call our office and schedule YAW
Complementary Retirement Income Analysis. Let's help you create a plan
that protects your savings, minimizes taxes, and gives you peace
of mind for the years ahead.

Speaker 7 (44:21):
Thank you for tuning in to safe money strategies. Remember, clarity,
confidence and peace of mind are well within reach. Call
our office today and take that first step toward a smarter,
less stressful retirement. With that, I'm Breg Workman.

Speaker 3 (44:40):
And I'm Mike dust We'll see you next time.

Speaker 1 (44:46):
Joining us now in our radio fond brought to you
by Kelly Financial Services Dan Stack, CEO of the Disabled
American Veterans and joining us now in studio as well,
which tremendus pride. William Kelly Junior, how are you, William?

Speaker 3 (45:05):
A fantastic thank you for asking. How are you? Very
very good?

Speaker 1 (45:08):
And you know, Dan Stack and I were just talking
off the air a couple five minutes ago, looking at
you talking to my son Ashton outside the studio, and
he says, you know, he remembers you guys when you
were small, and he looks at you. You're built like
you know, You're built like a truck. He looks at Ashton,
He's built.

Speaker 3 (45:28):
Like a tank.

Speaker 1 (45:28):
Oh yeah, you know. And the two of you are
talking and he says, boy, they grow up so fast,
both of you really do. So I've got Ashton in
studio with me. I've got you, William. I got to
ask you. You're Kelly Financial, big supporter, you're obviously sponsoring
this hour. Why do you, in particular, why does Kelly

(45:50):
Financial care so much about our veterans and especially the.

Speaker 3 (45:54):
Dav Well for starters.

Speaker 2 (45:56):
I'll say that without our veterans, and without our armed
forces in general, we would not have the things that
we have today. And I know that we hear that
a lot, we say it a lot, but we literally
wouldn't like if we did not take up arms during
the Revolutionary.

Speaker 3 (46:07):
War, we wouldn't have our country.

Speaker 2 (46:09):
So it's our fighters who protect us and keep us
in this way of life. You guys have probably heard
that a million times now, but truthfully, that's the ethos
of it pretty much, that's the core. And my father
understood that him being a veteran himself, and truly, we
just love veterans and we love the military.

Speaker 1 (46:24):
There are many organizations and I know you give a lot.
You're very generous, Kelly Financial is very generous. Why the
disabled American veterans. It's focused and it's local.

Speaker 2 (46:34):
My brother's keeper, for example, same way I've worked with
them before. I volunteered for them, and you see it
with dav Massachusetts who see it as well. And it's
completely focused, and it's in an area in our community.
And I think one of the best things you can
do as an American citizen is help your community. Obviously
helping the grand scheme of things is great as well.
I'm not denouncing that at all, but I am saying

(46:55):
that I think a community focus is what makes it
very special and I have a lot of respect for that.

Speaker 3 (46:59):
And also I know you guys. You guys are amazing folks.

Speaker 1 (47:02):
Before I go to Dan Stack and Mike Vallilla, Ashton,
you and William have grown up together. You guys knew
each other when you were both very very small. How
does it feel to see William Kelly Junior in studio
making a donation to the disabled American veterans? How does

(47:22):
it feel right now?

Speaker 3 (47:23):
Ashton?

Speaker 14 (47:24):
Well, I'm very impressed by him, and I'm very proud
of him. I kind of wish I was kind of
in his situation because I do not have a job,
and I well not yet okay, but I do not
have any money really to my name, and if I
had money, probably donated to a lot of veteran communities,
to the dav to help other people all the time.

(47:46):
I love helping people. But I'm very proud because he's
like a cousin to me. I see him as a cousin,
I see him as family. Likewise, I love him. I'm
very proud of him. He's like my mentor in my life.
I care from very deeply, Ashtin. I want you to
ask William what his donation is go ahead? How much

(48:07):
did he donate?

Speaker 2 (48:07):
William Kelly Financial Services would like to donate three thousand
dollars to the additional one. Yeah, and on top of
the sponsorship, I would also like to donate an additional
two thousand dollars.

Speaker 3 (48:19):
Are you serious?

Speaker 1 (48:20):
Out of your own this, out of your own bank account, yes, sir,
two thousand dollars.

Speaker 3 (48:24):
Yeah, why not? God bless you's been good. Hey, I
only have eyes.

Speaker 1 (48:28):
For my wife, but I love you in a non
sexual way, my friend. We got less than a minute
dance stack.

Speaker 15 (48:36):
Anything you want to say to William, I don't know
what to say to William, to be quite honest with you,
because you made me cry the first time you called in,
just after your dad had passed. And your dad has
been a sponsor of our program since we started, and
I can't thank him enough, but I know he's looking
down very proud of you. That day that you called

(48:57):
in as a young young man and donated what you
had saved was something that just broke my heart. And
you have done that every year since. William, thank you
so much.

Speaker 3 (49:09):
Thank you, Desha, thank you guys for this opportunity.

Speaker 1 (49:11):
William, thank you again, truly from the bottom of my heart.

Speaker 3 (49:14):
Thank you so much.

Speaker 4 (49:19):
Safe money Strategies A eight eight hundred one eight eight one.

Speaker 5 (49:26):
Bill Kelly always had a way of reminding us what
really matters.

Speaker 6 (49:30):
From that very first breath to.

Speaker 16 (49:32):
The very last, life will bring us both miracles and challenges,
But through it all, what counts is that we choose
to live, to love, to stay connected, and to keep
showing up for one another.

Speaker 6 (49:46):
Here's Bill Kelly.

Speaker 8 (49:50):
We decide that we love life, people love us, we
love them, and we want to be with those people.
It's just another piece of evidence that we don't exist
as islands of humanity. Breath we take in life is
probably involuntary. If we're lucky enough to be born healthy
and move ahead in time on Earth. Every breath we
take after we reach the age of consent is basically voluntary.

(50:13):
Between the first breath and the last one, a lot
of things happen. Some of those things might seem like
a miracle and some like a curse. But we are
a collection of people who love life obviously, or many
of us would just quit and give up. We could
take a survey and ask people if they are in
favor of living. If we compare the number of people
who decide to participate with the number of people who

(50:36):
decide to opt out on any given day, we'd have
to admit the survey overwhelmingly points to the fact we
prefer to live with all the pain and all the
joy that living encompasses. We can have doubts, we can
have hopes, and we can have dreams. I grew up
on a farm. The strongest human being I ever knew
was gramp. He would sit me up on the table

(50:57):
and tie my shoes. Then I'd go to my domain,
the farm. I had my own trees, my own stone walls,
in my own brook, and I could play. Many children today,
including William, meet a lot of FaceTime.

Speaker 3 (51:10):
He needs me there.

Speaker 8 (51:10):
And I don't mean just sitting in the same room
working on my computer while he works his iPad. That's
not going to cut it. That's not FaceTime. He needs
me to be participating in an activity with him. If
I do that for twenty forty minutes, we can sit
in the same room without the need to be facing
each other. If I don't do that, then he's constantly
in need. Since he's the best friend I've ever had,

(51:32):
I don't mind doing it at all. He's a great
human being who happens to be my son, and I
love him.

Speaker 3 (51:38):
When I was about three, I had a little routine
during the early morning hours on the farm. It was
a bad thing to do, and I admit it because
it was deliberate and pre planned.

Speaker 8 (51:48):
I couldn't help it. Like a compulsive gambler, I was
a compulsive cookie eater. How did it work? I slept
in the same bedroom as gramp in a crib with
the top my father had made. It had a screen,
and it had latches all along the edge to keep
me from getting out. Over a period of time, however,
I was able to create a bit of a hole
in the cribscreen that no one could see but me.

(52:09):
I would poke my hand through and undo the latches.
Somewhere around five am each morning. I would escape, all
the time making sure that Graham was still asleep. After
landing on the chair where he had left his green
work pants and flannel shirt, I'd step onto the floor,
walk into the kitchen and go to the kitchen table.
Then I'd slide a chair over to the cabinet that

(52:29):
had the cookies in it. Since it was padlocked, I
had to climb onto the counter and reach on top
of the refrigerator so I could get the key to
open it. I remember stretching up to the top shelf
where there were bags of cookies. I took the number
of cookies I wanted, close the cabinet door, and put
the padlock back. After replacing the key on top of
the refrigerator, I would climb back down onto the kitchen

(52:51):
chair and from there down to the floor. Then I
would slide the chair over to the table, go back
into my bedroom with my sleeping grandfather, climb up on
his chin and back into the crib. I had cookies
inside the zipper of my footy pajamas and must have
looked like a teletubby. After eating those cookies, I'd go
back to sleep. When William was five, he and I

(53:11):
went to the baseball batting cages. He was starting to
hit off a tee. We finished, and while I was
paying the owner, William was over by the break area
talking to the high school baseball players who were all
talking to him. There's a twisting movement a beginning batter
does with his back foot. It's called stepping on the bug.
You have to twist your back foot and pivot your hips,

(53:35):
and that's how you develop your stride. Eventually, it teaches
a beginner to open up the hips at the right time.
So William is talking to these teenagers about stepping on
the bug, and I notice a camaraderie in respect between
him and them. He's learning to be a young man
with other young men. One of the things I like
about going to the batting cages is meeting the type

(53:56):
of kids who played baseball. It's an amazing sport and
seems to attract good kids. The team practices, the uniforms,
and the traditions are just so American. You know. Some
people on the left get offended when I use the
term so American, and they get ticked off because I
love America and traditions like baseball. Having a son late

(54:17):
in life has understandably made a big difference in how
I think about my practice. I've changed many things in
anticipation that William may be running the company someday. This
means I might have to extend my horizons by practicing
for another twenty years. Having these goals has done a
lot for me. They inspire me to do a better
job every day by improving upon the things that occupy

(54:39):
me on a regular basis back to youth baseball. If
William continues playing, he'll meet some great kids. As for
his demeanor, again, it's a lot like that of my grandfather,
Tim Murphy. William is deliberate, smart, steady, and focused. He's
constantly moving ahead and making progress. I love it, and
I love the spirit of those young baseball players. I'm

(55:01):
glad my son gets along with them and that he'll
be playing baseball someday. I know he'll be better than
I was because he started early in the spring. When
I got my baseball glove ready, there just weren't that
many people around to play with me. Sometimes I would
hit the ball to myself. Sometimes I would throw the
ball against the side of a shed. I'd get old
tennis balls and hit myself grounders. But I never really

(55:23):
could play the game well. I loved it, though. I
used to keep score and listen to the Red Sox
games when the team went on their road trips to
the West Coast. I remember listening to Kurt Goudie on
the radio late at night under the bedspread with my
dog Minnie. I would fall asleep with my transistor radio
beneath my pillow, pencil in hand. The very next morning,
at breakfast, I would have my cereal and talk to

(55:45):
Graham about the game.

Speaker 3 (55:47):
It was a great life.

Speaker 4 (55:51):
Call Kelly Financial Services eight eight eight hundred, eighteen eighty one.

Speaker 5 (55:57):
I'm Kelly Kelly from Kelly Financial. Retirement is a time
to enjoy the fruits of your labor, but is also
a period when financial stability becomes more critical than ever,
so seeking expert financial advice is essential regardless of your age.
Professional guidance insurts your assets are allocated wisely, helping your.

Speaker 6 (56:18):
Money last as long as you need it.

Speaker 5 (56:21):
The advisors at Kelly Financial will help you take charge
of your financial future and preserve your hard earned wealth
to enable you to focus on the retirement you've dreamed of.
We have a free investor guide called designing your Fiscal
House to Weather the Elements, which highlights the steps needed
to build a balanced portfolio for the guide, and a

(56:42):
free consultation with a Kelley advisor called eight eight eight
eight hundred eighteen eighty one.

Speaker 2 (56:48):
The preceding broadcast was paid for by Kelly Financial Services.