Kelly Financial: Saturday, October 4, 2025

Episode Transcript

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

Speaker 2 (00:20):
Ladies and gentlemen. Welcome to Safe Money Strategies on WRKO.
I'm William Kelly and it's an honor to carry on
a family legacy rooted in real world values and practical advice.
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,

(00:41):
Dad launched Safe Money Strategies on WRKO as a no
nonsense callin radio show focused on common sense planning and
protecting wealth. Over the past two decades, Dad became a
pillar in New England finance, an engineer turned entrepreneur, author
and philanthropist who believed in giving back and walking the talk.
Since twosand and five, our show has remained a Saturday

(01:01):
morning staple, offering insight and empowerment. Here at Kelly Financial,
we 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, where 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,

(01:25):
advisors Charlie Gable, Mike Ducett, Greg Workman, Greg Murray, my
sister 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

(01:46):
Kelly Financial dot org or call us at eighty eight
eight eight hundred one eight eight one.

Speaker 1 (01:51):
This is Safe Money Strategies.

Speaker 2 (01:53):
Next up Forever Young with Kelly Kelly and myself William
Kelly Junior.

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

Speaker 4 (02:11):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Young
where I sit down with my son William Kelly Junior,
and we talk about life, what's going on in the world,

(02:31):
in our family, and what really matters most when you're
planning for the future, sometimes as light, sometimes as thoughtful,
but it is always real. Good morning, William, how are you?

Speaker 1 (02:44):
I'm fine, Mom, how are you? I'm doing great this week?

Speaker 2 (02:48):
And Mary Madeline we'll be dropping off her little puppy, Melly.

Speaker 1 (02:51):
And as you know, ladies and.

Speaker 2 (02:52):
Gentlemen, I'm an uncle, so this will be some quality
you know, uncle puppy bonding time together.

Speaker 5 (02:58):
Yeah.

Speaker 2 (02:58):
I've been given strict and instructions by Mary Madeline. But
ladies and gentlemen, if you want to think about Mellie,
just envision just like a beautiful prairie and it's a
movie and this cute little innocent cockapoo just running jumping.

Speaker 1 (03:13):
Just brown and white, brown.

Speaker 2 (03:14):
And white, just so happy. Doesn't even know how to
walk straight. She's just you know, swinging her little nub. Yeah,
she doesn't even have a tail. The tail's whack. It's
this cute little nub. And when she gets really happy,
she shakes her whole butt back and forth.

Speaker 1 (03:28):
She's just the cutest dog. I'm planning at Earth and
she's just.

Speaker 2 (03:31):
This potato full of happiness and I just want to
just hold her and keep her forever.

Speaker 4 (03:36):
So what else you've been working finalizing your book.

Speaker 1 (03:40):
Yes, ma'am, I've been busting it on the book.

Speaker 2 (03:43):
So, ladies and gentlemen, we have that event coming on
October fifteenth, Yes, and super excited for that. If you've
not tried to get a reservation, do so limited, limited,
limited spots. Not many left, but if there's any left,
we recommend I will be doing meet the author. Now,
ladies and gentlemen, this book has a lot of content,

(04:04):
a lot of things need to be reviewed.

Speaker 1 (04:05):
Obviously, we'll want to make sure.

Speaker 2 (04:07):
That everything is properly edited, everything is done correctly. There
is a five percent chancell we'll have the book in
hand at October fifteen, five percent chance, but the ninety
five percent chances books won't be there.

Speaker 1 (04:19):
But you'll be able to get pre orders, yeah.

Speaker 4 (04:22):
As we've been taking for the past couple of weeks.

Speaker 1 (04:25):
That's true. And ladies and gentlemen, if you cannot come.

Speaker 4 (04:29):
You were gonna have a lot to sign. I will
and send out William Kelly.

Speaker 2 (04:33):
That is true actually, So ladies and gentlemen, if you
have not already, I recommend you call us at eighty
eight eight hundred eighty one and reserve your free copy.

Speaker 1 (04:43):
I have to say this book, this book would.

Speaker 2 (04:46):
I mean, there is a plethora of individuals who helped
make this book happen.

Speaker 1 (04:50):
It wasn't just me, ladies and gentlemen.

Speaker 2 (04:52):
My editor single handedly has helped me so incredibly much,
especially taking the original rough draft and her and I
just working at it together.

Speaker 1 (05:01):
She thinks very similarly to me.

Speaker 2 (05:03):
She you know not everything, though, I would say she
in terms of the investment world, is extremely conservative because,
for example, in my book, I'll give a little sneak peek,
I say a fatal mistake. One of the worst things
that you can do is hold your money and do
nothing with it. Right, And I gave the story the

(05:23):
biblical story of the talents of the three servants and
their master gave them talents which think of them like
silver bars for their currency at the time, for her talents.
And so he gave each servant a bag of talents.
I don't know how much, but just a number of talents.
And he said, I'm going away for a while. Be

(05:43):
intelligent with these. So the master leaves in the servants.
The first one goes to the bank and he invests it.
He basically puts it in the bank and it grows interests.
The other servant. And I don't want to misquote the Bible,
but let's say the other servant decides to start a
business or decides to make a profit off those talents

(06:04):
by buying a commodity and reselling it or something or
building something with it. The third servant buried his talents
in the ground, and so the master comes back. And
the first servant comes back with a little bit of
extra talents because he put it in the bank and
it grew an interest, right, and he said, well done,
my good and faithful servant, here's your reward. The second

(06:28):
one came back with the prophet, well done, my good
and faithful servant, blah blah blah, here's your reward. And
the third guy, I don't remember what the master said
to him, but I'm pretty sure he called him wicked
and like despicable, like horrible things because he entrusted him
with his money and he did nothing with it. Now,

(06:48):
in my opinion, obviously, in modern day banks, even if
you put your money in the bank, there's risk, ladies
and gentlemen, right, because the bank could collapse no matter
what in life, you take a risk even just letting
it sit in the bank, even if you only buy
CDs that has inherently risk. It's basically zero, but it
technically has risk. I'm not trying to scare anybody here,
I'm sure just trying to make a point. To literally

(07:11):
bury your money in the ground or do something equivalent
is a fatal mistake because you are, first off, not
growing it. You're getting rid of any potential for that
money to do anything. Second off, you're letting fear overcome you.
You're letting comfort and fear of just having the money
sit there overcome you. Any potential of it doing better

(07:32):
is gone if you just bury it and do nothing
with it. Three, the impact you have on other people
could also be fatal, because if you teach your children
to invest this way, they're not going to go very
far with their money. Unfortunately, they may go far in
their jobs and stuff like that, but in terms of
managing their money, it's going to be more harmful.

Speaker 1 (07:51):
Because literally, if you.

Speaker 2 (07:52):
Put money in the bank or in the money market,
you can make anywhere from like three to five percent
on interest.

Speaker 1 (07:57):
Right, that's technically an investment because.

Speaker 2 (07:59):
The bank wants to reward you, and you know they
also you know they use your money for loans in
the back end of things, and so they want to
reward you for putting your money into the bank. So
by not doing any of that, it's obviously bad. My
editor disagrees because she thinks is that wrong for an
investor to take zero risk? And it's good that she's

(08:19):
asked me these questions because these questions might come up
in the reader's mind, right does the investor? What if
an investor wants a risk tolerance is zero or has
a risk tolerance zero? And then I argue back, that's
not an investor because investments have risk. That's known if
you ever go to a website and it has to
do it's like a broker dealer or something like that,
and you see in the disclaimer investments carry risks. So

(08:40):
no matter what, you're not an investor if you don't
have any risk, and risk it is not bad.

Speaker 1 (08:46):
In fact, risk is a good thing. It's inherent to
human beings.

Speaker 2 (08:49):
Now, weighing your options your suitability, like if you are
seventy years old and you've retired and you have so
much money in the bank account and you don't know
a lot about investments, your risk tolerance is going to
look a lot different than the thirty year old tech
wiz who's an accredited investor, who could take a lot
more risk and it be fine, and they're you know,
reap a bigger reward or tank a bigger loss and

(09:10):
as long as it's comfortable with them.

Speaker 1 (09:12):
Because that thirty year old, you.

Speaker 2 (09:14):
Know, tech wiz, super successful person that's an accredited investor,
they may not be comfortable with risk, right, but they
have to take some on. So the fatal mistake is
to bury your talents, ladies and gentlemen. Right to do
absolutely nothing with your money. Putting it in a CD
is not doing absolutely nothing with your money. That's not
what the Bible is arguing. The Bible is arguing that
people God's creation were made more for greatness than we

(09:36):
are for comfort. To settle the comfort is kind of wicked.

Speaker 1 (09:39):
It's apathy. So that's that's what I was arguing.

Speaker 2 (09:43):
But thank god that my editor, and I'm going to
bring this back to her. Thank God she's asking these
questions because I don't know anybody else who would ask
questions this deeply right. Maybe my readers when I get
the book out, but I need an editor who is
able to challenge me but also thinks on the same
field that I do, because she also agrees she loves

(10:05):
the same investors that I look up to, like Peter
Lynch and Warren Buffett and John C.

Speaker 1 (10:09):
Bogel.

Speaker 2 (10:10):
These are three incredible investors that I look up to
and that actually influence writing this book.

Speaker 1 (10:15):
You know what I mean.

Speaker 2 (10:16):
It's been eight months, ladies and gentlemen, huge work in progress.
I have so many contributors. If you're a fan of
Jeff Coooner, he's on there. There is unheard of information
about him. There's unheard of information about my mom, my sister,
some of the advisors at Kelly Financial too. I have entrepreneurs,
wickedly successful entrepreneurs on there. I have wickedly successful real

(10:38):
estate agents and moguls and investors. I just have a
whole crowd, diverse crowd of successful people.

Speaker 1 (10:46):
And their own right as contributors.

Speaker 2 (10:48):
I answer questions from people from you know, in my
age group, and I have a culmination of people who
are around like eighteen to twenty eight with various financial
questions that I am myself on there, and then I
give basically a crash course on financial literacy and investment literacy.

Speaker 1 (11:07):
It'll probably come out.

Speaker 2 (11:08):
In October November, Ladies and gentlemen, I'm so excited.

Speaker 1 (11:12):
I am too.

Speaker 4 (11:12):
William, congratulations and thank you for focusing on your.

Speaker 1 (11:17):
Book, My Pleasure. Thank you for having me.

Speaker 4 (11:20):
Do keep us on your dial. We've got a lot
of great content coming your way. Mike do St and
Greg Workman will break down the latest market moves and
explain how the new, Big, Beautiful Bill could change the
financial outlook for retirees and families alike. Mary, Madeline Kelly
and Greg Murray will take a closer look at the

(11:40):
retirement income gap, what it is, why it matters, and
the smart strategies that can help make your money last.
I will be back with William and we will highlight
the unique challenges women face and retirement and share strategies
that helping share lasting financial security and independence. And of

(12:01):
course we'll close the hour with some win 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 content. I love you, Honey,
I love you to you mom.

Speaker 6 (12:25):
Okay, my friends, let me tell you about Kelly Financial Services.
What would you do if your boss called you in
tomorrow and said you're done, sayonara, no more paycheck. For
many Americans in their fifties and sixties, that's not a hypothetical. Layoffs, buyouts,
early retirements. They're happening every single day, and if you're

(12:48):
not prepared, it can be devastating. That's why Kelly Financial
created the ten step Layoff Survival Guide. It's simple, clear
and practical. It shows you how to figure out you're
living in expences, evaluate a severance package, protect healthcare coverage,
and make smart choices about social security and retirement accounts.

(13:09):
So if you are someone you care about is facing
a layoff or even considering early retirement, you don't have
to go through it alone. Call Kelly Financial right now
eight eight eight eight hundred eighteen eighty one eight eight
eight eight hundred eighteen eighty one get your free copy today,
or email Kelly at Kellyfinancial dot org. Kelly at Kelly

(13:32):
Financial dot org.

Speaker 7 (13:36):
Hello, I'm Mike, you said, chief Operating officer at Kelly
Financial Services. You are listening to Kelly Financial's safe money strategies,
where we believe your financial future.

Speaker 1 (13:46):
Should be built on wisdom, not anxiety.

Speaker 7 (13:49):
Today I am joined by one of the trusted investment
advisors on our team, Greg Workman.

Speaker 1 (13:54):
Good morning.

Speaker 8 (13:55):
We're here every week to help you make smarter, safer
financial choices without the confusing industry jargon and without the stress.

Speaker 1 (14:04):
We have an exciting show for you today.

Speaker 7 (14:05):
Markets have gained some serious ground since the April downturn.
In the first half of the show, we'll share the
trades we're making across our client portfolios to take advantage
of this momentum, and you won't want to miss the
second half of the broadcast, where we'll discuss how the
big beautiful bill ushers in significant changes for most taxpayers.
Will cover the moves you can make today to take

(14:27):
advantage of them. Let's dive in twenty twenty five has
been a wild ride for the markets. Greg, take us
back to the first half of the year and how
we got to the very positive situation where in today,
where markets seem to be on quite a run.

Speaker 8 (14:42):
The S and P five hundred was off to a
hot start with the Bell Weather Index hitting an all
time high in February. Then April surprised with a violent
market sellof caused by the introduction of sweeping turiffs, which
triggered fears of a global trade war, slowing economic growth
and increased market volatility.

Speaker 7 (15:02):
Escalating trade tensions with China, broader economic uncertainty, and growing
pressure on the Federal Reserve to cut interest rates further
intensified the market's decline, leading to a significant drop in
stock indexes and a decline in investor confidence.

Speaker 1 (15:18):
Hard to believe.

Speaker 8 (15:19):
Now, but at that point the market was down twenty percent.

Speaker 7 (15:23):
It is hard to believe considering since the low point,
the markets has hit new all time highs on multiple occasions,
including mid September where the market set records for two
consecutive days, along with the DIO and NASDAC logging its
third consecutive weekly gains.

Speaker 8 (15:39):
These record setting rallies have been driven by factors such
as positive developments in the US China trade talks, continued
strength in Magnificent seven tech stocks, and hopes for a
more aggressive interest rate cut schedule from the Federal Reserve.

Speaker 7 (15:55):
Over seventeen hundred clients from the New England area and
beyond trust Kelly Financial to manage their money. They trust
our people and our investment process. GREG outline that process
for our listeners.

Speaker 8 (16:06):
Our investment process starts with a long term strategy. We
select appropriate investment vehicles based on their quality and cost efficiency.
Then we adapt to changing market conditions using a disciplined,
tactical approach that seeks to maximize upside opportunity and downside protection.

(16:28):
On average, our trade frequency is four to six times
per year.

Speaker 1 (16:33):
That is a great segue what trades are we making
today and why.

Speaker 8 (16:37):
In our latest round of trades we added to the
percentage of equities and now we're overweight, which reflects the
friendlier policy backdrop and favorable macroeconomic environment.

Speaker 7 (16:49):
I know AI is a part of that growth story.
Elaborate on that if you will.

Speaker 8 (16:53):
Within equities, we continue to view artificial intelligence as a
defensive hedge as much as a growth catalyst. With demand
for high performance computing infrastructure expected to nearly double annually,
we expect generative AI to compound into a force that
reshapes entire industries and the markets.

Speaker 7 (17:15):
The AI trend is very, very powerful. Comparable to the
dawn of the Internet. AI is a game changer.

Speaker 8 (17:22):
We are very confident that our exposure to the pick
and shovel plays of the next industrial revolution will pay
off for our clients in twenty twenty five and well beyond.

Speaker 1 (17:33):
Can you highlight one of the investments we've made. One
of the.

Speaker 8 (17:36):
AI dedicated pure play exchange traded funds that we purchased
earlier this year is the I Shares AI Innovation and
Tech Active Fund. The ticker symbol is BAI. The fund
is a two point five billion dollar fund that is
pacing at a twenty nine percent plus rate of return

(17:56):
as of late September.

Speaker 7 (17:58):
In Q two, approximately eighty two percent of the S
and P five hundred companies beat the earnings expectations compared
to a historical rate of only sixty percent. Are we
leaning more heavily into US equities versus international exposure as
a result, Yes.

Speaker 1 (18:14):
We are.

Speaker 8 (18:14):
While international markets got off to a hot start, tariff
concerns have cooled that trend. We're comfortable leaning into the
strong earnings trend in the S and P five hundred
that you just mentioned, Mike, especially when we see that
in the trailing twelve months since the second quarter, the
US has outperformed its international counterparts in price return.

Speaker 7 (18:37):
We speak with our clients on the investment side of
our business quarterly to ensure that we make informed decisions
stay on track and navigate market changes with confidence and
peace of mind.

Speaker 1 (18:47):
Thank you for pulling back to curtain, Greg.

Speaker 7 (18:49):
I know our clients appreciate the transparency and insight into
our investment process and the trades we're making today to
take full advantage of today's market trends.

Speaker 1 (18:58):
Let's pause here for a break. When we return the
Big Beautiful Bill.

Speaker 7 (19:02):
It was signed into law in July, and the legislation
can have significant changes for most taxpayers. When we return,
we'll talk about moves you can make today to take
advantage of them, So stay tuned.

Speaker 3 (19:17):
Kelly Financial Services eight eight eight eight hundred eighteen eighty one.

Speaker 4 (19:22):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen

(19:45):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us The.

Speaker 3 (19:53):
Money Wrap with Kelly Financial Advisors. Greg Murray and Mary
Madeline Kelly.

Speaker 7 (20:00):
Oh.

Speaker 9 (20:00):
This is Greg Murray's senior vice president Dan, chief Compliance
officer at Kelly Financial Services. Joining me today is Mary
Metal and Kelly, one of our wealth advisors.

Speaker 1 (20:08):
How are you doing.

Speaker 10 (20:08):
Today, Hi, Greg, I am doing great. Thanks for asking.
Things have been a little hectic in the Kelly household
with the new member of the family. Melly is growing
like a weed and recently had her twelve week checkup
and fortunately she is very healthy.

Speaker 9 (20:24):
That's awesome to hear. I really enjoyed having her here
in the office with us the other day. It was
a lot of fun watching or run up and down
the hallways chasing everyone and everything.

Speaker 11 (20:33):
She's the best. I am so lucky to have her.

Speaker 10 (20:36):
And today we're tackling a really important topic for anyone
thinking about retirement, the retirement income gap. But it is
why it matters, and most importantly, how you can make
your money last.

Speaker 1 (20:47):
That's right.

Speaker 9 (20:48):
The retirement income gap is simply the difference between the
money you'll actually need each year in retirement and the
guaranteed money you'll have coming in things like Social Security
pensions if you have one, maybe even rental income exactly.

Speaker 10 (21:00):
Let's say you need six thousand dollars a month to
cover your expenses comfortably in retirement, but between social Security
and a small pension, you're only bringing in four thousand dollars.
That two thousand dollars difference. That's the gap, and that's
where planning becomes crucial.

Speaker 9 (21:15):
And here's where people get caught off guard. They think,
I have a nice nest egg, I'll just draw from that.
But without a strategy, it's easy to overspend early on
and run out of money later. Retirement isn't just a
five year plan. It could last twenty five or even
thirty years.

Speaker 10 (21:28):
That's right, and the challenge is that expenses don't always
stay the same. Healthcare costs can rise, inflation eats away
at purchasing power, and unexpected events like helping family members
or a major home repair that can throw off the budget.

Speaker 1 (21:42):
So the big question is how do you make your
money last.

Speaker 9 (21:44):
One of the first steps is figuring out what's guaranteed
and what's not. Social Security is guaranteed. A pension if
you have one, is also guaranteed. But which are aws
from your four to one k or ira depend on
the market and how much you take out.

Speaker 10 (21:57):
And that's where smart planning comes in from any of
our clients. We look at creating a reliable paycheck in
retirement by combining guaranteed income sources with other investments. That
might mean using annuities for steady payments, or bonds and
dividend stocks for more predictable cash flow.

Speaker 9 (22:12):
And let's not forget about timing the age you start
taking Social Security makes a difference. Waiting until full retirement
ag or even age seventy can increase your monthly check,
which can shrink the income gap before you even touch
your savings.

Speaker 10 (22:24):
Another strategy is managing withdrawals carefully. A common rule of
thumb is the four percent rule, where you take out
four percent of your portfolio each year, but we always
remind people it's just a guideline. Depending on the market,
your health, and your lifestyle, you may need a more
personalized approach.

Speaker 9 (22:41):
Absolutely, And let's talk about inflation for a moment. If
you retire at sixty five and your expenses might look
manageable today, but in twenty years, groceries, utilities, medical care
can cost much much more. So part of closing the
income gap is making sure your investments grow enough to
keep up with the inflation.

Speaker 10 (22:57):
That's why we often recommend a balance. You need some
investments for growth even in retirement, alongside the more conservative
income producing assets. It's about striking the right mix so
your money lasts. And here's the key takeaway for our listeners.
The retirement income gap isn't something to be afraid of,
it's something to plan for. Once you identify what your
gap is, you can start filling it with strategy that

(23:19):
makes sense for your life exactly.

Speaker 11 (23:21):
And that's what we do here at Kelly Financial.

Speaker 10 (23:23):
We sit down with clients, look at their income sources,
their expenses, their goals, and then design a plan to
cover that gap in a way that feels secure and sustainable.

Speaker 9 (23:32):
Because at the end of the day, retirement should be
about enjoying life, not worrying if your money will run out.
But the right plan you can close that gap and
have confidence in your future.

Speaker 11 (23:40):
Well said Greg.

Speaker 1 (23:41):
That's going to wrap up this segment today.

Speaker 9 (23:43):
If you'd like to learn more about your own retirement
income gap and how to make your money last, give
us a call. We'd be happy to.

Speaker 11 (23:49):
Help absolutely well. Greg, thanks for your time and have
a great weekend.

Speaker 3 (23:53):
To get in touch with Greg Murray or Mary, Madeline Kelly,
or any member of the Kelly Financial team call at
eight eight hundred eighteen eighty one. Safe Money Strategies with
William Kelly and Kelly Kelly. Call the team on at
eight eight hundreds eighteen eighty one.

Speaker 2 (24:14):
Okay, care, Welcome to Safe Money Strategies.

Speaker 1 (24:19):
If you're just tuning in, I'm William Kelly Junior.

Speaker 2 (24:21):
Every Saturday, my mom and I sit together to bring
you insights, real talk and practical strategies about retirement and
personal finance. We come to you from Kelly Financial Services,
where we believe in two powerful principles, family values combined
with financial knowledge.

Speaker 4 (24:37):
That's right. I'm Kelly Kelly, CEO of Kelly Financial and
it is always a joy to be here with you
every Saturday. Each week we talk about the real issues
that impact your financial wellbeing. Our goal on this show
has always been to simplify what can feel overwhelming and
give you clear, practical strategies that you can actually use

(25:00):
using your own life. And today we're shining a light
on something very close to my heart. Women in retirement.
Women face unique challenges in retirement that cannot be ignored.
Women on average, live longer than men they often earn
less over their lifetimes. Many step away from the workforce

(25:22):
to care for children, grandchildren, or aging parents. All of
these realities mean retirement planning for women needs to be
more intentional, more strategic, and tailored to their lives.

Speaker 2 (25:36):
On average, women live about five years longer than men.
At first glance, five years may not sound like a lot,
but think about it. That's five additional years of housing, food, healthcare,
and everyday expenses. And when you add in the impact
of inflation over those years, it becomes one of the
biggest financial challenges women can face in retirement.

Speaker 4 (25:56):
That's exactly right, William, and healthcare is a big part
of that. Statistically, women spend more on healthcare and retirement
than men do. Medicare helps, of course, but it doesn't
cover everything. Prescriptions, home health aids, long term care. All
of those are real costs that can add up quickly.

(26:19):
Without planning, what should be a blessing longer life can
turn into a financial burden. That's why starting early, even
with honest contributions, is so powerful.

Speaker 2 (26:31):
Another challenge is the wage gap. Women still are less
on average, but that translates into smaller retirement contributions and
smaller social Security checks over a lifetime, That difference compounds
into real shortfall when it comes to retirement income and when.

Speaker 4 (26:46):
You layer on time away from the workforce, raising children,
helping grandchildren, or caring for parents, women often have fewer
years of saving and investing. That means every single dollar counts.
Women need to be intentional about maximizing earnings when they can,
negotiating for fair pay, and taking advantage of retirement plans

(27:11):
and employer matches. Those steps, even if they feel small
at the time, make a big difference later.

Speaker 2 (27:18):
Social Security is another area where women need to think
carefully and critically. Because benefits are often lower, women should
be especially strategic about when to claim. Waiting until full
retirement age or even delaying to age seventy, can mean
significantly larger checks for the rest of your life. That
timing decision is one of the most important ones women make,
and retirement planning.

Speaker 4 (27:39):
Risk tolerance is also worth talking about. Studies show women
tend to be more conservative investors. There's a strength in
that because it often helps avoid big losses, but being
too cautious can also hold you back. Without some growth,
retirement savings may not keep pace with inflation, and when

(27:59):
you live longer, that's a real concern.

Speaker 1 (28:02):
The key is balanced.

Speaker 2 (28:04):
You don't want to take unnecessary risks, but you also
can't afford to let your money sit idle. Growth is
what provides income for longer retirements. Finding the right mix
of protection and growth is what creates confidence over time.

Speaker 4 (28:17):
And then there's the family side of all of this.
Women are so often the caregivers, the ones who put
everyone else first, whether it's children, grandchildren, or aging parents.
That devotion is admirable, but it often means their own
retirement planning gets delayed or overlooked.

Speaker 2 (28:38):
That's why we like to remind families that retirement planning
isn't just an individual task, it's a family conversation. When
families openly talk about money and values, it makes everyone stronger, parents,
grandparents' children.

Speaker 1 (28:51):
When that knowledge is shared, everyone benefits.

Speaker 4 (28:54):
And no one has to navigate this alone. Working with
a trusted financial life advisor can make all the difference.
At Kelly Financial, our team works every day with women
who want to feel more confident about their financial futures.
We listen, we ask questions, and we build strategies that

(29:15):
reflect real life circumstances.

Speaker 2 (29:17):
Women's retirement planning isn't one size fits all. It deserves
a strategy of its own, one that accounts for longer lifespans,
different earning histories, and the caregiving roles so many women
take on.

Speaker 4 (29:29):
And that's why we created a special resource for our
listeners is called ten Tips to Empower Women Investors. This
free investor guide is designed to help women take control
of their retirement journey. It covers everything from keeping money
in your own name, to building back up plans to

(29:49):
making sure your family's future is protected.

Speaker 2 (29:53):
The guide is practical, it's empowering, and it's written with
women's realities and minds. Even small changes today can lead
to greater independence tomorrow. So don't wait to request your
free copy and schedule a complimentary consultation with our team.
Just call eighty eight eight hundred and one eighty one
or email Kelly at Kelly Financial dot org.

Speaker 4 (30:12):
We're just getting started and there's more to come. I'm
Kelly Kelly.

Speaker 2 (30:17):
And I'm William Kelly Junior. And you're listening to save
money strategies.

Speaker 1 (30:20):
Stay with us.

Speaker 3 (30:24):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kelly Financial dot org.

Speaker 12 (30:35):
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

(30:57):
eighty one or email Kelly at Kelly fane Financial dot org.
We're Kelly Financial. Come retire with.

Speaker 3 (31:03):
Us Safe money strategies with William Kelly and Kelly Kelly.
Call the team on a eight eight hundreds eighteen eighty
one taking care.

Speaker 1 (31:17):
Welcome back to save money Strategies. I'm here with my mom,
m Kelly Kelly and.

Speaker 2 (31:20):
Before the break we started talking about the unique challenges
women face and retirement and now we want to take
a closer look at some practical steps that's right.

Speaker 4 (31:29):
Retirement for women isn't just about the numbers. It's about
building confidence, preparing for the unexpected, and making sure the
plan reflects your life. And the truth is women often
face a very different retirement journey than men.

Speaker 2 (31:45):
Absolutely, women live longer on average, and many times they
step out of the workforce to care for children or
aging parents. That means fewer years of income and Social
Security credits, but the same or even greater financial needs
and retirement exactly.

Speaker 4 (31:59):
That's why that's why we created our free investor guide
Ten Tips to empower Women investors, and this morning we're
going to walk through some of those tips, practical steps
that women can use right now to strengthen their retirement plans.

Speaker 2 (32:16):
Let's start with one that sounds simple but makes a
huge difference.

Speaker 1 (32:19):
Keeping money in your own name.

Speaker 4 (32:21):
Yes, whether you're married, divorced, widowed, or single, it's so
important to have accounts in your name. Life can change
suddenly illness, job loss, or the loss of a spouse. Honestly,
I've met too many women who didn't even know what
accounts existed until something happened.

Speaker 2 (32:42):
And keeping an account and your name isn't about distrust,
It's about protection. It gives you a measure of independence
and security no matter what happens.

Speaker 4 (32:51):
Another key step is confronting financial fears. Money can feel intimidating,
markets go up and down, the news is full of
scary headlines, and the jargon can be overwhelming, but at
the end of the day, money is just a tool.
Once you understand how it works, you can use it

(33:11):
to build the life you want.

Speaker 1 (33:14):
And it's so important to share decisions.

Speaker 2 (33:16):
If only one partner handles the finances, the other can
be left in the dark. But when both people are engaged,
the family is stronger and more resilient. If something happens,
there's no chaos, just continuity.

Speaker 4 (33:29):
That is right. Avoiding conversations about money does not make
the problems go away. Facing them together creates confidence and stability.

Speaker 2 (33:40):
One of my favorite principles is this pay yourself first.
Treat savings like a bill that must be paid.

Speaker 4 (33:45):
And don't rely on willpower make it automatic. Even modest
contributions into a retirement account or savings plan can add
up to a meaningful nestag over time. The earlier you start,
the more powerful that habit becomes.

Speaker 2 (34:01):
And think about it this way. If you don't put
yourself first financially, who will. Retirement security doesn't just happen,
It's built step by step.

Speaker 4 (34:09):
Another tip is staying organized. That means knowing where your
accounts are, keeping important documents like wills and healthcare directives
in one place and making sure someone you trust knows
how to find them.

Speaker 2 (34:24):
I think a lot of people assume, oh, I'll remember,
or my spouse knows, But when something unexpected happens, not
having documents organized makes a stressful situation even harder.

Speaker 4 (34:35):
Exactly organization is peace of mind is not enough to
know you have an account. You need to know where
it is, how it works, and what role it plays
in your plan.

Speaker 1 (34:46):
Another critical step is choosing advisors wisely.

Speaker 4 (34:50):
Yes, and this is a big one. Every woman deserves
an advisor who listens, who educates, and who respects her.
Do you ever feel dismissed or talk down to That's
a red flag.

Speaker 2 (35:04):
At Kelly Financial, we always say listening comes first. The
numbers matter, but the story behind those numbers matters just
as much.

Speaker 4 (35:14):
That's how trust is built. And once you find the
right advisor, put your plan in. Writing.

Speaker 2 (35:20):
A written plan is more than paperwork. It's a roadmap.

Speaker 4 (35:24):
Life changes happen, divorce, widowhood, career shifts. They're part of
the journey. But when you have a written plan, you're
not starting over from scratch. You're simply adjusting the roadmap
that gives you clarity and confidence.

Speaker 2 (35:41):
And when life doesn't go as expected, every woman needs
a backup plan that's correct.

Speaker 4 (35:46):
A backup plan could be as simple as having an
emergency fund or knowing which expenses you could cut temporarily.
It's about resilience. Knowing that if life throws a curveball,
you already have plan B.

Speaker 2 (36:01):
And that reduces panic. Instead of scrambling, you can move
forward with confidence.

Speaker 4 (36:05):
Another essential step is understanding what you own. Don't just
know that you have an account, know what's inside it, stocks, bonds,
mutual funds, annuities, and whether those investments actually line up
with your goals.

Speaker 2 (36:22):
And planning for your family goes beyond dollars and cents.
It means estate planning, wills, healthcare proxies, and all the
things that make sure your loved ones are cared for.

Speaker 1 (36:32):
No matter what, women are.

Speaker 4 (36:34):
Often the backbone of their families. Financial planning should reflect
that leadership role.

Speaker 2 (36:40):
These strategies are practical, empowering, and designed to give women
steps they can start applying today.

Speaker 4 (36:46):
That's why we created our free investor guide Ten Tips
to Empower Women investors. It's a resource to help women
take control of their retirement futures to make sure their
plans reflect their lives, their goals, and their values.

Speaker 1 (37:03):
Don't wait.

Speaker 2 (37:03):
Even small steps taken today can create independence and security
for tomorrow. To request your free copy and schedule a
complimentary consultation called eight eight eight eight hundred and one
eight eight one or EO Kelly at Kellyfinancial dot org.

Speaker 4 (37:16):
That wraps up our conversation on women in retirement. But
there's plenty more still to come on Safe Money Strategies.

Speaker 3 (37:27):
Safe Money Strategies brought to you by k Financial Senses.
Call eight eight eight eight hundred eighteen eighty one, will
visit Kellyfinancial dot org.

Speaker 1 (37:38):
It's the Coonnerman.

Speaker 6 (37:40):
I've got something truly special for you. Join me on Wednesday,
October fifteenth from four to six pm for a live
event that the iHeart Boston Studios in Medford with the
incredible team from Kelly Financial Services. We'll be talking about
the things that matter the most, family relationships, today's biggest
headlines from politics, the culture, and everything in between.

Speaker 1 (38:02):
And that's not all.

Speaker 6 (38:03):
You'll get a chance to hear about William Kelly's brand
new book, Meet my Friends, the Kelly Financial Family Tour
the iHeartMedia Studios where the magic of radio comes to
life There'll be food, drinks, prizes, plenty of unforgettable conversations.

Speaker 1 (38:19):
Space is limited for reserve your.

Speaker 6 (38:21):
Spot now call eight eight eight eight hundred eighteen eighty one.
Eight eight eight eight hundred eighteen eighty one. I can't
wait to see you all there.

Speaker 13 (38:30):
Advisory services offer through Kelly Financial Services and SEC registered
investment advisor.

Speaker 1 (38:39):
We're back.

Speaker 7 (38:39):
I'm Mike du said, chief operating officer at Kelly Financial Services,
and I am joined by Greg Workman, one of the
trusted investment advisors on our team. The Big Beautiful Act,
signed into law in July, has wide reaching implications for taxpayers,
from an enlarged standard deduction for older a doubts to
more generous tax credits for families with young children. The

(39:00):
legislation contains a plethora of provisions that could lower your
twenty twenty five tax bill or, in some cases, increase it.
Let's start with the bonus deduction for taxpayers sixty five
or older.

Speaker 8 (39:13):
Starting with the twenty twenty five tax Here, those who
are sixty five plus will be eligible for an additional
standard deduction of six thousand dollars. What's the catch? The
bonus standard deduction will affect only eligible taxpayers whose income
exceeds the amount of their standard deduction, so low income

(39:34):
seniors won't necessarily benefit from this tax break.

Speaker 7 (39:37):
On the other end of the spectrum, higher income taxpayers
could see the amount of the bonus deduction reduced or
eliminated altogether. The deduction starts to phase out for couples
with modified adjusted gross income of more than one hundred
and fifty thousand, seventy five thousand for single filers, and
is fully phased out at modified adjusted gross income of

(39:59):
two one hundred and fifty thousand, one hundred seventy five
for singles.

Speaker 8 (40:03):
As a reminder, your modified adjusted gross income or MAGI
is your adjusted gross income with certain deductions added.

Speaker 1 (40:13):
Back in. Here's a question.

Speaker 7 (40:15):
Does the bill eliminate tax on Social Security benefits?

Speaker 8 (40:18):
The legislation will not eliminate taxes on Social Security benefits,
but because the tax ability of benefits is based on
a calculation involving your adjusted gross income, the bill will
serve to reduce the number of beneficiaries who pay the
taxes from thirty six percent to twelve percent.

Speaker 1 (40:38):
According to the White House, the.

Speaker 7 (40:40):
Bill contains a valuable tax break for homeowners in certain
high tax states, could you touch on.

Speaker 8 (40:45):
That homeowners can permanently deduct mortgage interst on home loans
up to seven hundred and fifty thousand, giving certainty and
tax savings for those with moderate to large mortgages. The
cap is now permanent, other than expiring after twenty twenty five,
so homeowners now have long term certainty.

Speaker 7 (41:06):
Another break for home owners is the salt or state
in local tax deduction. The deduction cap rises from ten
thousand to forty thousand from twenty twenty five through twenty
twenty nine for income under five hundred thousand, which helps
those in high property tax states reduce their federal tax bills.

(41:26):
As you consider your year end charitable contributions, it's important
to understand how new tax breaks forgivers, along with new
limits on how much some donors will be allowed to deduct,
impact your return.

Speaker 8 (41:37):
The Big Beautiful Bill permanently extends the higher standard deduction
rules from the twenty seventeen tax law, which means fewer
taxpayers will itemize and therefore fewer will claim a charitable deduction. However,
for those who do itemize, the Big Beautiful Bill keeps
in place the ability to deduct cash contributions to public

(42:00):
charities up to sixty percent of adjusted gross income, giving
larger donors continued tax incentives. In addition, starting in twenty
twenty six, taxpayers who do not itemize can deduct up
to one thousand and charitable contributions, or up to two
thousand for married couples who file jointly.

Speaker 7 (42:21):
The Big Beautiful Bill impacts health savings accounts. Hsas can
be a valuable tool to set aside money for both
current and future healthcare expenses, and HSA provides a triple
tax break. Your contributions are tax deductible or pre tax
If you made it through your employer, the money gross
tax deferred, and you can use it tax free for

(42:42):
eligible medical expenses in any year after.

Speaker 1 (42:45):
You turn sixty five.

Speaker 8 (42:47):
You can also withdraw money tax free from the HSA
for Medicare premiums in addition to other out of pocket
healthcare costs.

Speaker 7 (42:56):
Starting in twenty twenty six, ACA, Bronze and Catastrophic Marketplace
plans will be treated as high deductible health plans, meaning
that many people who were not previously eligible will now
be able to open and contribute to hsas.

Speaker 8 (43:11):
Also from twenty twenty six, memberships in certain direct primary
care arrangements with monthly fees up to or about one
hundred and fifty dollars for individuals or three hundred for
families will no longer disqualify someone for HSA eligibility, and
such fees can be applied using HSA funds.

Speaker 7 (43:34):
The bill provides benefits for families, including more generous tax
credits for parents, including a permanent child tax credit of
twenty two hundred poor child and increases the refundable portion
to seventeen hundred, putting more money in the hands of
families even if they don't owe much in federal taxes.

Speaker 8 (43:50):
It also expands five twenty nine education savings plans to
cover not just college tuition, but K through twelve materials, tutoring,
dual enrollment credential programs, and allows for the new quote
unquote Trump Accounts, which are seated with one thousand for
children born twenty twenty five to twenty twenty eight, so

(44:12):
parents have more flexibility in preparing financially for their children's
education and future.

Speaker 7 (44:18):
Updating a financial plan is a critical practice for maintaining
financial security and achieving long term goals. Because a financial
plan is not a static document, regular reviews. In short,
stays aligned with your changing life goals and market conditions.

Speaker 8 (44:33):
Neglecting to update your plan can lead to missed opportunities,
poor financial decisions, and increased stress. It pays, quite literally,
to make sure you're maximizing your resources year in and
year out. A small change could mean thousands down the road,
so don't miss out.

Speaker 7 (44:51):
If you think of yourself as the CEO of your
financial life, your financial plan is your business plan. It
captures your vision for the future and lines in great
details the steps you can take to pursue that vision.

Speaker 8 (45:03):
If having a plan sounds intimidating and a bit daunting,
that's where we come in to help.

Speaker 7 (45:09):
Call our team today at eight eight eight eight hundred
eighteen eighty one and let us walk you through our
safe Money Strategies financial planning process, no frills, easy to
understand workbook provides a three hundred and sixty degree view
of your finances and provides the confidence you need to
make smart financial decisions moving forward.

Speaker 8 (45:27):
Once again, our phone number is eight eight eight eight
hundred eighteen eighty one. Don't delay, call us today and
let our team pave the way to financial freedom by
uncovering opportunities and risks that you might otherwise miss out on.

Speaker 7 (45:43):
Thank you for joining us on this week's edition of
Safe Money Strategies.

Speaker 1 (45:47):
I'm Mike Ducett and I'm Greg Workman.

Speaker 7 (45:49):
We'll be back next week for more Safe Money Strategies.

Speaker 6 (45:56):
Joining us now, as she always does, this time the
co founder, CEO, president of Kelly Financial Services, and yes,
that is her wonderful.

Speaker 1 (46:09):
Name, Kelly, Kelly Kelly, How are you, good morning, Jeff?

Speaker 5 (46:17):
I am good. First, I want to take a moment
to say how proud.

Speaker 4 (46:22):
I am of my son William.

Speaker 5 (46:24):
He's been with you, Jeff for the past two Fridays,
and he really did such a wonderful job announcing his
upcoming book, Only the Good invest Young and giving a
heartfelt tribute to Charlie Kirk. William Honey, if you're listening,
thank you, and I couldn't be prouder. And speaking of
exciting news, I want to personally invite your listeners to

(46:47):
join us on Wednesday, October fifteenth for our special event
with you Jeff. Is going to be a great afternoon,
a conversation connection and of course a chance to meet
William and here for.

Speaker 1 (47:00):
About his book.

Speaker 5 (47:01):
I will be there. Our Kelly Financial team will be there.
If you'd like to register, give us a call or
send us an email at Kelly at Kellyfinancial dot org. Jeff,
have a wonderful weekend. My best of Grace and the kiddos.

Speaker 6 (47:15):
Thank you, Kelly, My best to everyone in your family
and of course at Kelly Financial. And I am definitely
looking forward to that event right here in the studios
in iHeart. I will be there and we'll be talking
about current events, politics, William's book so much. I hope
to see all of you there. Cooner Country tickets are

(47:35):
still available call eight eight eight eight hundred eighteen eighty
one eight eight eight eight hundred eighteen eighty one, or
if you prefer, you can email Kelly directly Kelly at
Kelly Financial dot org, Kelly at Kellyfinancial dot.

Speaker 3 (47:52):
Org Safe Money Strategies at eight eight hundred one eight
eight twelve.

Speaker 4 (48:02):
This week, Bill takes us back to the lessons he
learned from his grandfather, a man who went from prosperity
to hardship in the crash of nineteen thirty two, but
never lost his sense of discipline, respect, and perseverance. Through
stories of family, work and values, that shaped an entire generation.

(48:24):
Bill reminds us how a strong foundation can carry us
through life's most difficult challenges. These are timeless lessons and
they're just as important today as they were nearly a
century ago. Ladies and gentlemen, here's Bill Kelly.

Speaker 13 (48:42):
Gramp was probably the strongest man I ever knew, and
there wasn't much he couldn't do. Over the years, he
stood up to a lot, and he made it to
the finish line with his head up. Graham had a
wonderful life until the crash of nineteen thirty two, when
his whole world suddenly changed. He was a wealthy industrialist
and owned several six family homes in Providence. He had

(49:03):
a beautiful residence in a very nice section of Cranston,
and his family had the best of everything. They had
the nicest pianos and wonderful clothing. Then it was suddenly
all gone. Providence was the jewelry capital of the world.
There were many factories for jewelry and silver place settings.
My grandfather had a factory in which they enameled emblems

(49:24):
for Rio motorcar company, for the VFW, the Army, and
the Navy. They enameled emblems and buttons for uniforms. In
nineteen twenty seven, there were signs on the horizon that
didn't bode well for anyone who owned a jewelry factory
in Providence. As the financial markets collapsed in the late
twenties and early thirties, Graham didn't know what he was
heading into. At first, the darkness was on the horizon,

(49:47):
and then like a tidal wave, it was at his
front door. He had to face that with eight children,
no money, and all of his houses going into foreclosure
because no one could pay the rent. He couldn't have
found other tenants who had any money. Providence looked like
a prison camp or a scene out of a Dickens movie,
with people sitting on their front stoops all day. Nobody

(50:07):
could find work. Why was Providence hit so hard? Well,
middle class people stopped buying jewelry. You couldn't eat jewelry.
The collapse delivered a double hit for Providence and for
gramp So what did he do? Did he become paralyzed
with despair? No, he went out and painted. He painted
for the work's Progress administration. In those days, they had

(50:30):
to divide the family up. Aunts, uncles, and cousins would
take in children while the head of the household tried
to make enough money to pay for their food. New
clothing was unheard of. Clothing was passed down from child
to child. Gramp got on his feet again through hard
work and was eventually able to help my parents buy
bailey Brook Farm. At the time, we were living in

(50:52):
a project. There's nothing else you could call it. Gramp
had saved up about four thousand dollars, which was an
unheard of some back then. He used it is a
down payment on the twenty seven acre farm for my parents.
Graham decided he was going to stay with us and
they would pay the mortgage together. Dad was a fireman
and Mom was a telephone operator. I think both of

(51:12):
those terms are improper or antiquated now, but that's what
they called themselves, and that's how we got our start.
On a farm about a mile from the beach, everyone
had to work. I always wondered if Gramp was bitter
about all he'd lost in his life. He was a perfectionist.
He did the daily routine and he cared for us.
But I think it may have been a difficult adjustment.

(51:35):
Graham had gone from being a pillar of providence industry
in nineteen thirty two to living in a farmhouse in
nineteen fifty two with nine other people all sharing one bathroom.
He didn't seem to have a lot of regrets, and
he certainly had a lot to teach us. So what
were the values my grandfather taught me? There were many.
Respect for proper diction was one. When we got home

(51:57):
from school, he would ask us grandkids about the word
words we had learned, and he would stress the importance
of diction. Good diction begins with the teeth, tongue, and lips.
I can still see him standing right there saying it.
If I had the vocal quality of some other people
in radio, I think I'd be a billionaire. I'm not
on the radio because of my vocal talent, and I

(52:17):
don't have a show because I'm the sharpest person in radio.
I'm here because I love what I'm doing and apparently
people like listening. That's the extent of it. But good
diction was important to Graham and it's helped me to
this day. Respect for teachers was paramount in our house.
If a note came home from school, it was a
big event. It didn't generally bode well for us if

(52:39):
the note said we weren't doing what we were supposed
to be doing. If I was the culprit, there was
definitely a meeting after dinner with a committee comprised of
mom and Graham or mom and dad. They sided with
the school almost one hundred percent of the time. They
didn't call the school and threatened to sue the teacher.
They called the school and said it's taken care of.

(53:00):
If it happens again, please let us know. Respect for
law and order, paying taxes, and being a good citizen
were all taught to us at an early age. Another
value we learned was that voting was of great importance.
When we turned sixteen, we were expected to drive people
to the polls. Back then, most people were Democrats, so

(53:21):
we brought Democrats to the polls to vote for other Democrats.
We participated in government and watched news conferences at home.
So what else did we learn? Obeying rules was paramount.
We didn't get a chance to participate in the hippie
movement of the nineteen sixties. We had small sideburns. They

(53:42):
were allowed to grow to the bottom of the ear.
That was the limit where you weren't going to sit
at the table that night. It wasn't going to be
comfortable if your hair wasn't cut neatly and smartly. Work
and employment ranked high in our household. You always had
a job, no matter what else you were doing. If
you were fired or or laid off, you weren't encouraged

(54:02):
to take unemployment. You were encouraged to get another job
right away. If it wasn't the right fit, something would
come up along the way to make it the right fit,
and you'd eventually have the right job. But sitting around
waiting for the perfect job was not a Kelly family tradition.
Another thing is that we were a union household. We
respected unions and we respected the efforts of people who worked.

(54:25):
We were both willing and proud to support union initiatives
such as better working conditions, higher wages, and a better
standard of living. The unions were noble. They were trying
to keep people from having to work on Sundays to
get better wages if they had to work Saturdays. They
set the work week at forty hours, and Irish immigrant
families needed it badly. This was especially true in Providence

(54:49):
because the city was home to hundreds of mills. There
were mills of every type lining the streets, rivers and
railroad tracks. They made everything from paper to jewelry and
anything having to do with metal tools or machinery. Unions
were respected in our home. So that's what it was like.
Those were the values taught to us by our parents
and grandparents. It sometimes seems as if those values are gone,

(55:12):
but they're not. Indeed, they've worked out for me and
they live on in many other people. I know, if
you have a good value system, does it keep you
from making an error? No, You're going to make mistakes,
but a good value system can help you recover. A
big mistake doesn't have to be fatal if you have
a solid value system working for you and you know
right from wrong. There's a price to pay if you

(55:35):
want to step on the other side. So I think
value systems work. There's survival mechanisms, there are ethics that
allow us to navigate through life, and they're really very
important to have.

Speaker 1 (55:46):
Ladies and gentlemen.

Speaker 3 (55:50):
Chole Kelly Financial Services, eight hundred eighteen eighty one.

Speaker 4 (55:55):
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 insures your assets are allocated wisely, helping your

(56:16):
money last as long as you need it. 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

(56:37):
build a balanced portfolio. For the guide and a free
consultation with a Kelly advisor, call eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with us.

Speaker 3 (56:54):
Safe money strategies with William Kelly and Kelly Kelly. Go
to Kelly Financial dot org.

Speaker 2 (57:07):
All opinions expressed by the host, his guests, or employees
of Kelly Financial Services are solely their own and do
not reflect the opinions of Kelly Financial Services.

Speaker 12 (57:13):
Information has been obtained from sources deemed to be reliable,
but their accuracy and completeness cannot be guaranteed. The information
provided as general in nature and is not intended to
be specific investment, tax, or legal advice. It is always
advisable to consult a professional before making a financial decision.