Kelly Financial: Saturday, September 20, 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,

(00:40):
Dad launched Safe Money Strategies on WRKO as a no
nonsense callin radio show focused on common sense planning and
protecting wealth.

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

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

(01:11):
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, advisors Charlie Gable,
Mike Ducett, Greg Workman, Greg Murray, my sister Mary Madeline,

(01:31):
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 consultation, visit 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 (02:03):
Safe Money Strategies with William Kelly and Kelly Kelly eight
hundred eighteen eighty one.

Speaker 4 (02:15):
Each week on Sake 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 1 (02:24):
This is a part of the show we call Forever Young.

Speaker 4 (02:28):
It's where I sit down with my son, William Kelly Junior,
and we talk about life, what's going on in the world,
in our family, and what really matters most When you're
planning for the future. Sometimes it's light, sometimes it's thoughtful,
but it is always real.

Speaker 1 (02:44):
Good morning, William. How are you. I'm fine, Mom, and yourself.
I'm doing great, William. Well, I'm happy you're doing well.

Speaker 2 (02:50):
And I know for sure that it's been a busy
week and we have a lot to talk about today.

Speaker 1 (02:55):
So why don't you start us off.

Speaker 4 (02:57):
Well, we've recently we're able to spend some time with
some clients.

Speaker 1 (03:04):
It's true. And how much fun was that, William?

Speaker 2 (03:07):
Yes, ma'am, I think we're gonna Before we had our
conversation or started our conversation today, Mom and I said
we need to brag on our clients a little bit. Absolutely,
because we have had multiple conversations about this. We have
the best clients in the world. And that's not bar none. Yes, ma'am,
that's not marketing. That is the truth, because I don't

(03:29):
think we could ask for more faith driven clients, more
good people. I mean, just so many incredible qualities that
you cannot replicate.

Speaker 4 (03:39):
I mean, I know, and they love their families and
they love getting together.

Speaker 2 (03:45):
But it ties into what we care about as a
business because at Kelly Financial, one of the core things
especially that we emphasized after Dad passed away was family value.
And I mean a lot of businesses do tout that,
but then it's like kind of obvious that either they
are or they aren't. You can tell, you can see
past that. But we truly pride ourselves in that, and

(04:06):
I think Dad, when Dad was alive, it was kind
of subconscious, like we didn't have to say it out
loud because we already knew it. I mean, we went
to events and it'd be a million families, you know
what I mean, And we'd meet all kinds of people
from all walks of life, and it's a people business.

Speaker 1 (04:21):
Absolutely, we're so blessed. I know, me think about it.

Speaker 4 (04:25):
You and Mary Madeline both were involved since you were
so young, right, So it was kind.

Speaker 2 (04:30):
Of just like seeing a bunch of you know, uncles
and cousins and aunts.

Speaker 4 (04:34):
I know, I know, it's such a beautiful thing. I
want to say thank you to our clients. You are
beautiful people.

Speaker 2 (04:40):
Yeah, I'm here, thank you very much for everything you've
done for my family.

Speaker 1 (04:43):
So I agreed. Well.

Speaker 2 (04:45):
In other news, just the previous friday that we just passed,
I had done my second column with Jeff Kooner, and
instead of dedicating it to my book, I decided to
dedicate it to the late Charlie Kirk. And the tribute
that I read was essentially the same tribute that doctor
Grace read on her show, The Conversation with Steven and Grace,

(05:06):
and she, unfortunately there were so many calls coming in
that she couldn't read the whole entire thing, which I mean,
I don't blame her, but she was able to read
the main parts, and she really encouraged me to publish it.
And so I'm going to try to reach out to
the Boston Broadside and see if I can publish it.

Speaker 1 (05:23):
That's a great idea, William. I agree.

Speaker 2 (05:26):
I think there's nothing better I can do more productive
in the publishing realm than published that tribute, or at
least if it's inappropriate, not inappropriate, but inappropriate for a
newspaper retype something that would be appropriate for a newspaper
column or an online section in honor of Charlie. So
that was absolutely worth it. I just realized we haven't
really talked about Charlie, because I mean, it happened after

(05:48):
our last conversation last week.

Speaker 4 (05:50):
All I know is, William, you have been talking about
this person since you were what thirteen years old? Correct,
And that's how I heard about him through you.

Speaker 1 (06:01):
This man you have always been so impressed with him.
I've never not been.

Speaker 2 (06:05):
Maybe I've disagreed with certain things he said, but not
in the anger way. Charlie encouraged all of us to
critically think, and I learned it from men like him,
and so I'm forever grateful for men like him for
entering me into politics. The number one place in that
realm is Jeff Cooner. Jeff Kooner entered me into politics,
and he didn't push me. He didn't push me to

(06:27):
any side, nor did do you, nor Dad. It was
do your own research, critically think yourself. Here is the evidence,
here is the material. Now you need to base a
thought off of that. Essentially, it's like, this is why
this person did something wrong, or this is why this
would be good for the economy, or this Having that

(06:48):
as a young man is irreplaceable. I mean, the last
time someone had that kind of impact on a young generation,
I really think it's probably someone like John F.

Speaker 1 (06:57):
Kennedy.

Speaker 2 (06:58):
And what JFK did was show that young people can
do it too, into politics and gave a name to
Catholics and politics as well, because before then, I think
every president was a Protestant, and if you want to
do well on politics, at least at the federal level,
you had to be a Protestant. And don't get me wrong,
I love Protestants, They're amazing people. But back then it

(07:19):
was much different because America fundamentally is a Protestant nation.
So having a Catholic come and do it, and a
young man too, is incredible. So Charlie Kirk was thirty
one when he passed away, Ladies and gentlemen, gone way
too soon. And he has a loving wife and he
has two beautiful children. And I think a lot of people,

(07:42):
whether they are left or right, because I'm not just
seeing this on the right side, but I'm also seeing
this on the left side, people are realizing we need
to come together and we need to unite. And I
think that's the most christ Like thing you can do,
is realize we need to call for peace now because
things just not real.

Speaker 1 (08:00):
I think that's beautiful.

Speaker 2 (08:01):
And I think that despite the bad people who appear
malicious and celebrate his death, Ladies and gentlemen, that's the internet.
You're going to find people like that. No matter where
you go, you're always going to find an outlier. Okay,
those people are already losing their jobs. By the way,
there's a database of forty thousand people who celebrated Charlie
Kirk's death with their employer information, so that people can

(08:22):
reach out through their employer and fire them. Wow, yep,
because we're not taking any prisoners. This isn't the right,
isn't taking any prisoners. This is good versus evil.

Speaker 1 (08:33):
How could anyone celebrate anyone's death. I don't understand.

Speaker 2 (08:38):
Charlie Kirk was just a Christian who debated college students
and encouraged everyone to critically think, and he always treated
his opponents with love and grace. Always he did it
with the best intentions. Ladies and gentlemen, That's a fact.
I mean, if you don't believe me, then that's fine.
Go and watch his videos yourself and you'll find out

(09:00):
you'll understand what I mean. And obviously, sometimes like we're
humans and we can be a little emotionally unintelligent sometimes,
so some people might think that he came across the
wrong way, but I would say ninety nine percent of
the time, he always tried to do the right thing.

Speaker 1 (09:19):
How many videos are there? Thousands?

Speaker 2 (09:21):
Well, think about it, Charlie kirkhad he had visited about
three thousand college campuses or three thousand, three hundred college
campuses in his career. Yeah, they had opened about I
think eight thousand chapters before he had died. When he
was assassinated, I think a solid well over another.

Speaker 1 (09:37):
Eight thousand chapters were open.

Speaker 2 (09:39):
I think it's more like twelve thousand now requests to
open new chapters in colleges. I've never seen so many
of my you know, independent journalists that I watch on
you know, rumble YouTube, just come together and they have
made multiple publishings about him, which shows how much they care.
And even political comedians who take nothing seriously, they're taking

(10:03):
this seriously.

Speaker 1 (10:04):
It's incredible because it's like.

Speaker 2 (10:07):
His martyrdom has has brought everyone together. It has a tragedy.
It's like nine to eleven, ladies and gentlemen, when nine
to eleven happened, the tragedy brought us all together because
it called for strength. And I will say I think
for about twenty years following, you know, nine to eleven,
I think you know, everybody had witnessed this divide in

(10:29):
the United States and felt like, well, look.

Speaker 1 (10:33):
How polarized we are now.

Speaker 2 (10:34):
We can never do something like this ever again, Like
when nine to eleven happened.

Speaker 1 (10:38):
Charlie Kirk, who.

Speaker 2 (10:40):
Was a you know, a moderate right leaning commentator and debater,
gets assassinated, and what do you know, the country unites
again with prayer, vigils, and not just the United States,
but Australia, England, France, even left leaning states like California.
I even local if you're in Massachusetts. They're vigils and

(11:02):
people are praying and people are coming together. It's incredible.
So I think, Charlie Kirk, you're an amazing man. I
didn't mean to get two political ladies and gentlemen, but
you know, my heart compelled me to.

Speaker 1 (11:14):
Thanks for listening to me.

Speaker 4 (11:16):
What Amen, William, I learned a few things myself this morning,
so I appreciate your thoughtful words and your research that
you do. Do keep us on your dial. We've got
a lot of great content coming your way. Mike do
Set and Greg Workman will break down the six important
social security changes coming in twenty twenty six and the strategies.

Speaker 1 (11:40):
You need to know to prepare.

Speaker 4 (11:42):
Mary Madeline Kelly and Greg Murray will discuss how artificial
intelligence and the infrastructure behind it are shaping new opportunities
for investors.

Speaker 1 (11:52):
I will be back with William.

Speaker 4 (11:54):
We will take a closer look at life insurance and
retirement and why it's more than just fridge it can
be a powerful tool for liquidity, protection and legacy. And
of course we'll close 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.

(12:16):
Thank you for listening, William, thank you for joining me.
We'll be back with more content. I love you, honey.

Speaker 1 (12:22):
Hello Mom.

Speaker 5 (12:32):
I'm John Boudris and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly, who today tests time time.

Speaker 6 (12:42):
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 5 (12:57):
There's no time like the present to begin and saving,
planning and enjoying retirement. So download our Consumer guide simply
called a Happy Retirement and find six secrets of how
you can spend your time to cultivate happiness and retirement
well lived. Go to Kelly Financial dot org or call

(13:18):
eight eight eight eight hundred eighteen eighty one to spend
some time with one of our financial advisors.

Speaker 6 (13:24):
Time, ladies and gentlemen, it's not too late.

Speaker 5 (13:26):
We are Kelly Financial. Come retire with us.

Speaker 3 (13:31):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
go to Kelly Financial dot org.

Speaker 1 (13:43):
Come retire with us.

Speaker 7 (13:46):
Okay, my friends, folks, let me be blunt. Retirement is
coming whether you're ready or not, and if you don't
have a real plan in place, you are asking for trouble.
That's why you need to know about Kelly Financial Services,
their fiduciary advisors, meaning they work for you, not for
Wall Street. Right now, they're offering a free guide. It's

(14:09):
called your Retirement Income Planning Checklist.

Speaker 8 (14:12):
It isn't fluff.

Speaker 7 (14:13):
It's packed with step by step ideas to help you
decide if downsizing makes sense, whether a retirement community could work,
or if staying put is the smartest move it even
covers the tough subject long term care, peace of mind
and retirement. You cannot put a price on that, so
don't wait for a crisis. Get your free copy now

(14:37):
of your retirement income Planning Checklist. Call eight eight eight
eight hundred eighteen eighty one eight eight eight eight hundred
eighteen eighty one or email Kelly at Kellyfinancial dot org
Kelly at Kelly Financial dot org.

Speaker 9 (14:57):
Welcome back to another episode of Safe Money Strategies. Mike Ducett,
chief operating officer here at Kelly Financial, and with me
as always is my colleague and investment advisor Greg Workman.

Speaker 1 (15:08):
Greg, how are you today? Doing great?

Speaker 10 (15:10):
Mike, and I am excited about today's topic because Social
Security is such a critical part of retirement for so
many Americans, and there are some important changes coming in
twenty twenty six that folks really need to understand absolutely.

Speaker 9 (15:24):
And before we dive in, let me remind our listeners.
At Kelly Financial, we're a fiduciary. That means our job
and our legal obligation is to put your best interests first.
Not all financial professionals can say that, but for us,
it's the foundation of everything we do.

Speaker 10 (15:39):
That's right Mike, and part of putting clients first is
starting with a written financial plan. Investments, tax strategies, and yes,
social security decisions, those all come after the plan is
in place.

Speaker 8 (15:53):
That way you're not guessing.

Speaker 10 (15:55):
You can see how all the pieces of the retirement
plan really fit together exactly.

Speaker 9 (16:00):
And that's why we created our Safe Money Strategies workbook.
It helps you start to build that plan, to think
through your goals, and to model out scenarios. If you'd
like a complimentary copy, or if you'd like to meet
with us for a no pressure, no obligation retirement review,
just reach out. Now let's get into it, Greg. Social
Security is the foundation of income for many retirees, and

(16:22):
in twenty twenty six, there are six key changes coming
that people need to prepare for right.

Speaker 10 (16:29):
And the thing about these changes is that they don't
just affect one group of people. Whether you are already retired,
about to retire, or still a decade away. These updates
can affect how much you receive, when you should claim,
and how your overall retirement income plan works.

Speaker 9 (16:47):
So today we'll cover each of these six changes. We'll
explain what's happening, the risks or mistakes people might make, and,
most importantly, the strategies to help you adapt. Let's start
with KOLA cost of living adjustment GREG. What's projected for
twenty twenty six.

Speaker 10 (17:04):
The Social Security Administration hasn't finalized it yet, but current
estimates put the twenty twenty six cost of living adjustment
around two point seven percent. That means, if you're receiving
two thousand a month in benefits, you might see about
a fifty four dollars monthly increase around six hundred.

Speaker 8 (17:24):
And forty eight dollars per year.

Speaker 1 (17:26):
That sounds good, but here's the catch.

Speaker 9 (17:28):
Medicare prid B premiums are also projected to rise shoply
in twenty twenty six, possibly by eleven percent or more.
For many retirees, that Medicare increase will eat up much,
if not all, of their.

Speaker 1 (17:41):
Cost of living adjustment exactly.

Speaker 8 (17:43):
And here's the planning lesson.

Speaker 10 (17:44):
Don't rely on the cost of living adjustment alone to
protect you from inflation.

Speaker 1 (17:51):
Too.

Speaker 10 (17:51):
Many people think, well, social Security it adjusts every year,
so I'm safe, But in reality, those adjustments often lag
behind real inflation. At healthcare costs in particular, rise faster
than those cost of living adjustments from Social Security.

Speaker 9 (18:08):
So what's the strategy build inflation protection into your broader
retirement income plan. That might mean allocating part of your
portfolio to growth assets that historically outpace inflation. It might
mean building a cash reserve for health care costs. Or
it might mean planning ROTH conversions early so that future
Medicare SARCH charges, which are based on taxable income, don't

(18:29):
hit you as hard.

Speaker 8 (18:30):
That's right.

Speaker 10 (18:31):
The takeaway cola helps, but it's not enough on its own.

Speaker 9 (18:36):
Next change, In twenty twenty six, the full Retirement Age
FRI officially moves to sixty seven for anyone born in
nineteen sixty or later. That's the final step in a
process that's been phasing in for years.

Speaker 8 (18:50):
And this matters a lot.

Speaker 10 (18:51):
If you claim benefits at age sixty two, which is
the earliest age you can claim, you were locking in
a reduction of up to thirty percent compared to waiting
until age sixty seven.

Speaker 8 (19:03):
That reduction is permanent.

Speaker 9 (19:06):
And many people make the mistake of grabbing benefits at
sixty two just because they can. But the decision affects
not only their lifetime income, but also spousal and survivor benefits.

Speaker 10 (19:17):
Right, if you're the higher earner in your household. Claiming
early could mean that your spouse has a significantly reduced
survivor benefit down the road. That is something many people
don't consider when they file.

Speaker 9 (19:31):
So here's the strategy. Just don't default to sixty two.
Run the numbers, look at your health, your life expectancy,
your spouse's benefit, and your other income sources. Sometimes it
makes sense to claim early, but often waiting even beyond
sixty seven to age seventy can be the smarter move.

Speaker 8 (19:50):
And that's where the planning comes in.

Speaker 10 (19:51):
We can show you how your income looks if you
claim at sixty two, sixty seven or full retirement age
are all the way to age seven where you max
out your retirement benefit, and we can help you make
some informed choices around when to file.

Speaker 1 (20:07):
Change Number three. The maximum amount of earning.

Speaker 9 (20:10):
Subject to Social Security payroll tax what's called the wage base.
It's rising to one hundred and eighty three thousand, six
hundred in twenty twenty six.

Speaker 10 (20:18):
That means higher earners will pay more into the system.
If you make above that threshold, you could pay an
extra four hundred and sixty five or so in payroll
taxes each and every year.

Speaker 9 (20:29):
Now Most retirees won't be affected directly by this, but
here's the planning angle. Higher contributions today for current workers
can mean slightly higher future benefits because your benefit calculation
is based on your highest thirty five years of earnings.

Speaker 10 (20:44):
And for business owners or self employed folks, it's important
to plan for that extra payroll tax. If you're closed
to retirement and considering restructuring how you take income, factor
this change into your strategy.

Speaker 9 (20:58):
We've covered three of this six social security changes coming
in twenty twenty six, cost of living adjustment, full retirement age,
and the taxable wage cap. When we come back, we'll
dive into the other three, the higher earnings thresholds for
working retirees, the updated work credit requirements, and of course
the big one, the long term solvency of the Social

(21:19):
Security Trust Fund.

Speaker 1 (21:20):
But before we go to break.

Speaker 9 (21:22):
I want to remind you if you'd like to see
how these changes could affect you your retirement, we'd love
to send you a copy of our Safe Money Strategies workbook.
It's free and it's a great starting point for building
your plan, Or if you prefer to sit down with
us directly, we offer a complementary no pressure retirement review.
We'll talk about your social security, your four oh one K,
your savings, and how it all fits together. There's no

(21:44):
cost and no obligation.

Speaker 1 (21:46):
Stick with us. We'll be right back.

Speaker 3 (21:51):
Kelly Financial Services eight eight eight eight hundred, eighteen eighty one.

Speaker 1 (21:57):
I believe that this nation should commit it so achieving the.

Speaker 5 (22:00):
Goal of landing a man on the moon and returning
him safely to the Earth six five four three two
one zero, All engine run.

Speaker 3 (22:14):
What's what's going to follow up?

Speaker 5 (22:16):
Remember those Apollo Moon missions? One of America's greatest adventures
and achievements too. The nation set a goal and then
realized it. What are your goals? At Kelly Financial Services,
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach

(22:36):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kelly Financial dot org. Where do
you want to land? We're tanquality paper land. We are
Kelly Financial Services. Come retire with us.

Speaker 3 (22:57):
The money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.

Speaker 11 (23:03):
Hello, 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. How are
you doing today?

Speaker 12 (23:13):
I am doing great. I am definitely feeling the effects
of parenthood after a few weeks of having my puppy, Nelly.
Let's just say, I'm glad to experience dog parenthood before
having a human child of my own.

Speaker 1 (23:26):
This is a lot of work.

Speaker 11 (23:28):
Having a dog is a lot of work, but as
you know, it's extremely rewarding. You will get through the
puppy stage in no time, and when you do, you'll.

Speaker 1 (23:34):
Miss it absolutely.

Speaker 12 (23:35):
And I'm excited about today's topic because it's something we're
hearing about everywhere artificial intelligence or AI, but we're going
to take it a step further and talk about how
AI depends on infrastructure and why that matters for investors.

Speaker 1 (23:50):
That's right.

Speaker 11 (23:51):
Most of the headlines focus on the shiny side of AI,
the chatbots, the new tools, the companies promising big breakthroughs.
But what doesn't get talked about as much as well
happens behind the scenes to make.

Speaker 1 (24:01):
It all work exactly.

Speaker 12 (24:02):
Think about it like this, AI is the car, but
infrastructure is the road. Without strong, reliable roads, that car
doesn't get very far. And those roads in AI world
are things like data centers, broadband networks, power grids, and semiconductors.

Speaker 11 (24:17):
I love that analogy. Let's talk about the data centers first.
These are massive facilities filled with servers as store and
process data. They need constant cooling, strong security, and a
ton of electricity. And the demand for them is exploding
because of AI.

Speaker 1 (24:31):
That's right.

Speaker 12 (24:31):
And when demand grows like that, it opens the door
for different types of businesses real estate companies that build
and lease these centers, construction firms that design them, and
utility companies that keep them powered up.

Speaker 1 (24:43):
And powering them up is no small task.

Speaker 11 (24:45):
Some reports say training just one large AI system can
use as much electricity as one hundred homes in a year.
That's incredible when you think about it, it.

Speaker 12 (24:53):
Really is, and that's why energy is such an important
part of the story. Utilities are having to expand capacity,
Renewable energy companies are gaining attention, and even nuclear power
is coming back into the conversation. If AI is going
to keep growing, the world needs more power and investors
are paying attention to that.

Speaker 11 (25:10):
And then there are the semiconductors the brains of AI.
Without them, none of this works. You hear a lot
about companies like Nvidia right now, but the reality is
that there are dozens of players in the supply chain,
from designers to manufacturers to the companies that make the
equipment used in the process exactly.

Speaker 12 (25:26):
And what's interesting is that this isn't just a US story.
Governments around the world are spending billions to expand broadband,
five G and digital infrastructure. In some companies, AI is
seen as a way to leap frog into the future,
so they're investing heavily in the foundations needed to support it.

Speaker 11 (25:43):
So when we talk about opportunities for investors, it's not
only about trying to pick the one AI company that
becomes an ex giant. It's about looking at the bigger picture. Technology, energy,
real estate, and infrastructure. All of these areas are connected.

Speaker 12 (25:56):
And that's where diversification comes in. For most investors. The
smart approach isn't betting everything on one company. It's spreading
investments across different sectors that benefit from the AI trend.

Speaker 11 (26:07):
Yes, and how you approach that depends on where you
are in your life. A younger investor might take on
more growth oriented opportunities, while someone in retirement may focus
on steadier areas like dividend paying utilities or infrastructure funds
that provide more stability.

Speaker 12 (26:21):
And we also need to remember no trend is risk free.
Technology can change quickly, policies can shift, and not every
company will survive. That's why we always tell people that
investing in themes like AI should fit into a bigger
plan and one that keeps their retirement and income needs
on track.

Speaker 11 (26:39):
That's the most important point at Kelly Financial. Our job
is to take exciting opportunities like this and figure out
how they make sense in a well rounded portfolio. It's
not about chasing hype. It's about building security and confidence
for the future exactly.

Speaker 12 (26:51):
And for listeners, the takeaway here is that AI may
be the buzzword, but infrastructure is the backbone. Together, they're
shaping one of the biggest investment themes of the next decade,
and there are ways to participate without overexposing yourself to risk.

Speaker 11 (27:04):
Well said, if you're wondering how this fits into your
financial future, that's a great reason to sit down with us.
Every person's situation is unique. In the right approach for
you depends on your age, your goals, and your comfort
with risk.

Speaker 12 (27:16):
Because at the end of the day, investing isn't just
about what's hot right now. It's about building a plan
that helps you live the retirement you want.

Speaker 11 (27:23):
Absolutely well. That wraps it up for today. Thank you,
Mary Madeline, have fun with Melly this weekend.

Speaker 1 (27:28):
Thanks Greg, See you next week.

Speaker 3 (27:30):
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 aight
A eight eight hundred eighteen eighty one.

Speaker 2 (27:58):
Welcome back to so Funny strat Jeez. I'm William Kelly
Junior here with my mom Kelly Kelly. Every Saturday morning
we sit down together and talk about financial questions that
really matter.

Speaker 4 (28:09):
That's right at Kelly Financial, where family first and financial
advisor second. Our mission every week is to take complicated
retirement topics and break them down into plane English with
strategies that people can actually use.

Speaker 2 (28:25):
This morning, we're digging into life insurance in retirement and
it's a great topic because September is life insurance awareness month.
Retirement changes so much your paycheck, your routine, your priorities,
but most people don't realize how retirement changes their life insurance.

Speaker 4 (28:42):
One of the first surprises people face when they retire
is that their group life insurance from work does not
follow them into retirement. It usually ends the day you
stop working, and if you have not set up your
own policy, you could suddenly find yourself without coverage at
the very stage in life where getting new coverage can

(29:05):
be much more expensive.

Speaker 2 (29:07):
And that's why understanding the type of policy you own
is so important, whether it's term, whole life, or group coverage,
because they all behave differently once you retire.

Speaker 4 (29:18):
And here's what we remind our clients. Life insurance isn't
just an expense, it's an asset. It belongs on the
same list as your stocks, your bonds, and retirement accounts.
Is protection, but it can also be an opportunity.

Speaker 2 (29:34):
Many people assume once the paycheck stops, the need for
insurance stops too, but think about this. The average funeral
today costs more than ten thousand dollars. That doesn't even
include medical bills or probate costs. That can place a
huge burden on a family.

Speaker 4 (29:49):
And William is not just about the cost of a funeral.
Families often don't realize how quickly expenses can pile up.
There could be outstanding credit cards, medical bills, or even
just that everyday expenses like mortgage payments or utilities that
still need to be covered while everything is being sorted.

Speaker 2 (30:11):
Out exactly, and life insurance solves that problem. It provides
liquidity right away, money that doesn't get tied up in
court or requires selling assets. It arrives quickly, tax free,
and gives family breathing room.

Speaker 4 (30:23):
For some retirees, a small policy can be enough to
cover those final expenses, while others may use it to
replace lost income. For example, a pension ends at death.

Speaker 2 (30:36):
Let's look at a couple of examples. Picture a retiree
he owns a vacation home. It's valuable, but it's not liquid.
If that retiree passes away, the family might feel forced
to sell the property just to cover taxes or stay costs.
But with life insurance in place, the family can hold
on to that home.

Speaker 4 (30:52):
And there's the opposite example, the retiree whose pension disappears
when they pass away. In that case, a life insurance
policy can create income for the surviving spouse, so again
it's not one size fits all. The role of life
insurance depends on your specific situation.

Speaker 2 (31:13):
And today's policies are so much more flexible than they
used to be. Many include living benefits, meaning you can
access a portion of the death benefit while you're still
alive if you face chronic illness or long term care needs.

Speaker 4 (31:25):
And let's pause on that point because it really is
a big deal. Years ago, life insurance was viewed strictly
as a death benefit. Today it can actually be a
part of your retirement plan while you're alive, giving.

Speaker 1 (31:41):
You more choices and peace of mind.

Speaker 2 (31:44):
They can also grow cash value tax deferred, and in
some cases you can even take tax free loans against
that value. So it's not just about the death benefits anymore.
It's about having options in retirement.

Speaker 4 (31:55):
Unfortunately, too many retirees let their policies lapse because they think,
I don't need this anymore. But dropping coverage without a
plan can create real financial stress for families later.

Speaker 2 (32:09):
On, and that's where having the right advisor comes in.
At Kelly Financial, we always remind people your insurance decisions
shouldn't be made in a vacuum, they should fit into
your bigger retirement picture.

Speaker 4 (32:20):
For example, if you're taking required minimum distributions from an
IRA that you don't need for income, you could reposition
some of those dollars into permanent life insurance. That single
move can turn taxable withdrawals into tax free benefits for
your family and also give you living benefits for long

(32:43):
term care if needed.

Speaker 2 (32:45):
That's such a powerful strategy because instead of just letting
those r and ds be a tax burden, you're turning
them into something that benefits both you and your loved ones.
And for many retirees, it feels good to know that
their money is working in more than one way.

Speaker 4 (32:59):
And that's exact actly why we've put together a resource
for our listeners.

Speaker 2 (33:03):
Yes, we created a free investor guide called Purchasing Life
Insurance with your Qualified Funds.

Speaker 1 (33:08):
What you need to know.

Speaker 2 (33:09):
It explains how to use a portion of your retirement
accounts to create liquidity, add tax diversification, and leave a
more efficient legacy for your loved ones.

Speaker 4 (33:18):
You can request your free copy and schedule a complementary
consultation with our team by calling eight eight eight eight
hundred eighteen eighty one or emailing Kelly at Kellifinancial dot org.

Speaker 2 (33:33):
This is information every retiree should have and it's available
at no costs.

Speaker 4 (33:38):
That's all the time we have for this part of
the conversation. Do stay with us because when we come back,
we'll take a closer look at the different types of
policies and retirement and how today's modern benefits make life
insurance more flexible than ever.

Speaker 2 (33:55):
You're listening to Safe Money Strategies on WRO six eighty am.

Speaker 1 (33:58):
We'll be right back for the break.

Speaker 3 (34:03):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight A eight eight hundred eighteen eighty one or
visit Kelly Financial dot org.

Speaker 5 (34:14):
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

(34:36):
eighty one or email Kelly at Kelly Financial dot org.
We're Kelly Financial. Come retire with.

Speaker 3 (34:43):
Us Safe Money Strategies with William Kelly and Kelly Kelly
call the team on aight A eight eight hundred eighteen
eighty one.

Speaker 2 (34:53):
Okay care, Welcome back to safe money Strategies. I'm William
Kelly Junior. Here a get with my mom Kelly Kelly,
CEO of Kelly Financial Services. We just came back from
the break and we're continuing our conversation about life insurance
and retirement and mom. And this is one of those
topics where people really need to stop and say, wait
a minute, do I still even need this?

Speaker 1 (35:15):
Exactly?

Speaker 4 (35:15):
William? We get that question all the time, and here's
the truth. It really depends the type of life insurance
you have. Your financial goals and your family's needs all
play a role. Some people are surprised when they realize
their coverage may end right around the time they retire,

(35:36):
while others discover their policies could actually be a powerful
planning tool during retirement.

Speaker 2 (35:42):
And that's why the very first step is understanding what
kind of policy you actually own. It sounds simple, but
a lot of folks don't know.

Speaker 1 (35:49):
Some have term.

Speaker 2 (35:49):
Insurance, butch usually ends right as you hit retirement. Others
have whole life or permanent policies, which are designed to
last a lifetime and may even build cash value. And
then there are those group life policies from employers, which
usually end the moment you stop working. If you don't
know which category you're in, you can't make good decisions, and.

Speaker 4 (36:07):
That's where we come in at Kelly Financial. One of
the services we provide is reviewing clients existing policies. We
sit down, take a look at the coverage, the fine print,
and explain in plain English whether it's still serving your needs.
Sometimes the policy still make sense, other times it may

(36:28):
not be the best fit anymore. Either way is about
giving you clarity and confidence.

Speaker 1 (36:34):
And Mom, I've heard you say so many times.

Speaker 2 (36:37):
Even if someone no longer has dependence, life insurance can
still matter.

Speaker 4 (36:41):
Why is that great question? Even in retirement there are
real financial needs. Just think about funeral and burial cost.
Those alone can run into thousands, and that's a bill
your family would face immediately. A life insurance policy creates
instant cash, so your loved ones aren't left scrambling to

(37:04):
cover expenses at an already difficult time.

Speaker 2 (37:07):
And it's not just about covering final expenses right for
some people, it's about legacy.

Speaker 4 (37:13):
Absolutely, that tax free death benefit can be divided among children, grandchildren,
or even a favorite charity, and because it bypasses probate
is quick, clean and private. For many families, that's a
huge comfort. It's a way of saying, I want to
leave something behind that helps the people and causes I

(37:35):
care about.

Speaker 2 (37:37):
Now, let's talk about the other side of this. Tax planning.
Retirement planning is not just about diversifying your investments. It's
also about diversifying how those dollars are taxed. Life insurance
can provide that kind of balance.

Speaker 4 (37:49):
That's right inside a permanent policy, cash value grows tax deferred,
and if is structured correctly, you can access the value
tax free through policy loans. So in retirement it becomes
not just a safety net for your family, but also
a tool that gives you flexibility when markets are volatile

(38:11):
or when you want another source of income.

Speaker 2 (38:14):
And the other thing is unlike stocks or bonds, life
insurance isn't tied up to the ups and downs of
the market. Unlike retirement accounts, there aren't strict contribution limits
from the irs. That makes it unique.

Speaker 4 (38:25):
In today's policies are not set it and forget it.

Speaker 1 (38:29):
They're flexible.

Speaker 4 (38:31):
You can adjust the death benefit, tap into the accumulated
cash value, or add writers for chronic illness or long
term care. That means your life insurance can grow and
adapt with you through retirement. It's a living tool, not
just a payout when you're gone.

Speaker 2 (38:49):
And let's not forget about conversion options. If you own
term insurance, many policies allow you to convert into permanent coverage,
sometimes without a medical exam. That could be rightibly important
if your health has changed.

Speaker 4 (39:02):
Now. I want to pause here because this is where
people often make mistakes. They assume, well, I've had this
policy forever, so I'll just let it ride. But life
insurance is not a one size fits all product. What
was right for you twenty years ago might not be
right today. That's why reviewing your policies regularly is so critical.

(39:25):
Our advisors can walk you through your options, compare the cost,
and show you whether a change could benefit you.

Speaker 2 (39:33):
And let's be honest, navigating this alone can be overwhelming.

Speaker 1 (39:37):
The terminology, the writers, the tax rules, it's a lot.

Speaker 2 (39:40):
Having someone on your side who does this every day
makes a difference exactly.

Speaker 4 (39:46):
We'll sit down with you, look at your debts, your income,
a state and family needs and give you straight answers.
We've helped clients reposition qualified retirement savings into permanent life
and insurance, which not only provides protection, but also creates
tax diversification and liquidity. It's about making your money work more.

Speaker 2 (40:09):
Efficiently for you and for listeners who want to dive deeper.

Speaker 1 (40:13):
We've created a resource.

Speaker 4 (40:15):
Yes, it's our Complementary Investor Guide Purchasing life insurance with
qualified funds.

Speaker 1 (40:22):
What you need to know.

Speaker 4 (40:24):
It explains how you can use iras for one ks
or pensions to purchase life insurance, creating flexibility, tax advantages,
and legacy opportunities. It's a step by step way to
rethink how life insurance might fit into your overall retirement strategy.

Speaker 2 (40:44):
And if you already have life insurance, this is a
chance for us to review it for you. We'll give
you an honest opinion and help you see whether it's
doing the job you expect.

Speaker 4 (40:52):
To request your free copy of the guide and schedule
a complementary consultation with our team, call A eight eight
eight hundred eighteen eighty one or email Kelly at Kellyfinancial
dot org. Will take the time to review your existing
coverage and help you explore how life insurance could support

(41:13):
your retirement plan.

Speaker 1 (41:15):
Thanks so much for joining us.

Speaker 2 (41:16):
I'm William Kelly Junior here with my mom, Kelly Kelly,
CEO of Kelly Financial Services.

Speaker 4 (41:21):
You're listening to Safe Money Strategies on WRKO.

Speaker 1 (41:26):
Don't go anywhere.

Speaker 4 (41:27):
There's more financial insight and strategies coming up after the break.
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

(41:50):
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen
eighty one or email Kelly at Kelly Financial dot org.

Speaker 1 (42:01):
We're Kelly Financial. Come retire with.

Speaker 3 (42:04):
Us 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 9 (42:16):
Welcome back to Safe Money Strategies, Greg. Let's jump into
the fourth Change the earnings limit for people who are
collecting Social Security but still working.

Speaker 8 (42:25):
That's right. In twenty twenty six.

Speaker 10 (42:27):
If you're under your full retirement age, you'll be able
to earn up to twenty four thousand, three sixty without
impacting your benefit. If you go over, your benefit will
be reduced by one dollar for every two dollars that
you earn above that limit.

Speaker 9 (42:44):
And if you reach full retirement age during the year,
that threshold goes up around sixty four eight hundred in
twenty twenty six, with benefits reduced one dollar for every
three above the limit until the month you hit FRA.

Speaker 8 (42:59):
Now here's mistakes happen.

Speaker 10 (43:01):
People think I'll lose those benefits forever, but in reality,
once you reach full retirement age, Social Security recalculates and
credits back those withheld benefits over top.

Speaker 9 (43:13):
So the strategy here is don't fare the earnings test,
but plan around it. If you're still working in under
full retirement age, maybe delay filing, or if you really
need the income, understand that some of it will be
temporarily withheld but not lost forever.

Speaker 8 (43:28):
And another layer is taxes.

Speaker 10 (43:30):
Even if your benefits aren't reduced by the earnings test,
your wages combined with your Social Security could push you
into a higher tax.

Speaker 8 (43:37):
Bracket, so you need to plan for that too.

Speaker 1 (43:40):
Okay, change number five.

Speaker 9 (43:42):
The cost of earning Social Security work credits is going
up again in twenty twenty six.

Speaker 1 (43:47):
Greg explain how that works.

Speaker 10 (43:48):
Sure, to qualify for Social Security you need forty work credits.
In twenty twenty five, one credit required about one eight
hundred and ten dollars and earnings.

Speaker 8 (44:00):
Now that number.

Speaker 10 (44:01):
Increases in twenty twenty six, likely around one thy eight
to fifty or so.

Speaker 8 (44:06):
You can earn up to four credits per year.

Speaker 9 (44:09):
So if you're younger, this is just a gradual adjustment,
But for people late in their careers this matters. If
you're just shy of the forty credits needed, you want
to make sure you get those last credits.

Speaker 10 (44:20):
In exactly, we've seen people who have worked their whole
lives but have had some gaps along the way, maybe
years where they spent raising children at home or self
employment where they didn't report income, and they fell short
of the forty credits. Without the credits, you cannot qualify
for retirement benefits.

Speaker 1 (44:41):
So the strategy here is simple.

Speaker 9 (44:42):
Check your Social Security statement, make sure you're on track
for forty credits, and if you're close, consider staying in
the workforce.

Speaker 1 (44:50):
Just long enough to lock them in.

Speaker 9 (44:52):
And finally, the big one, the Social Security Trust Fund.
Current projection show it could run out by twenty thirty four,
maybe as early as twenty thirty three, unless Congress acts.

Speaker 1 (45:03):
At that point.

Speaker 9 (45:04):
Incoming payroll taxes would only cover about seventy seven percent
of promised benefits.

Speaker 10 (45:09):
Now, let's be clear, social Security is not going away,
but if nothing changes, benefits could be cut by about
twenty three percent. That would be a major hit for
retirees who relies solely on Social Security for retirement income.

Speaker 9 (45:25):
And here's where the planning comes in. You can't control Congress,
but you can't control how prepared you are. Build multiple
income sources, retirement accounts, annuities, part time work, rental income,
think about roth conversions to reduce future tax burdens. Plan
as if benefits might be lower, and then if they're not,
you are in better shape.

Speaker 10 (45:45):
That's right, We tell clients social Security should be one
piece of the puzzle, not the entire puzzle.

Speaker 9 (45:52):
So let's recap the six changes coming to Social Security
in twenty twenty six. Number one a cost of living
adjustment of about two point seven percent, but watch out
for rising Medicare premiums two for retirement age officially reaches
age sixty seven. The third change, the taxable wage cap
rises to about one hundred and eighty three thousand, six

(46:13):
hundred four higher earnings threshold if you're working while claiming.
The fifth change a higher cost to earn work credits
in number six, the continued concern about long term solvency.

Speaker 10 (46:26):
Each of these changes has ripple effects on retirement planning, claiming, age, taxes,
healthcare costs, income strategies.

Speaker 8 (46:34):
They are all connected.

Speaker 9 (46:35):
And that's why having a written plan matters so much.
We can show you exactly how these changes affect you
based on your personal situation.

Speaker 1 (46:42):
So here's the call to action.

Speaker 9 (46:43):
Request a free copy of our Safe Money Strategies workbook,
or schedule a complementary no pressure meeting with us at
Kelly Financial. Will help you look at your social security,
your savings, and your retirement goals and put together a
plan that gives you clarity and confidence.

Speaker 10 (46:58):
It's your retirement, your money, your future. Don't leave it
to chance. With that, I'm Greg Workman.

Speaker 1 (47:04):
And I'm Mike du Said.

Speaker 9 (47:05):
Join us next week for more Safe Money Strategies.

Speaker 7 (47:14):
Very special announcement today, Joining me now is not Kelly Kelly,
who usually comes on at this time, but William Kelly, Junior,
Kelly Kelly's son, also the son of the lake Bill Kelly,
one of my dearest friends.

Speaker 8 (47:32):
William.

Speaker 7 (47:33):
I know you've got a huge announcement to make. I
can't tell you how excited I am. Welcome to the
Kooner Report.

Speaker 8 (47:40):
And how are you, Jeff.

Speaker 2 (47:42):
I'm well, thank you for inviting me on here, and
I've got some big news. After half of year work,
the secret is out. I wrote my first book, and Jeff,
you're in it too. It's called Only the Good invest Young,
and think of it as a financial roadmap for my generation.
I cover the basics people need but often miss, like
how retirement accounts really work, why compound interest is so powerful,

(48:06):
and how to start building a smart portfolio. But it's
not written as a dry textbook.

Speaker 1 (48:10):
I kept it.

Speaker 2 (48:11):
Understandable, unorthodox. I packed it with wisdom from amazing contributors
with life changing advice, including an exclusive interview containing unheard
of information about you, Jeff. I also answered key questions
for my gen Z peers and answer them promptly. And
the book will be out and hopefully early October. But

(48:31):
just in time for Christmas. A perfect stocking stuff for
kids or grandkids. And it'll eventually be available on Amazon.
And if you'd like a complimentary pre order from the
limited first run, call eight eight eight eight hundred and
one and eight one or email Kelly at Kelly Financial
dot org.

Speaker 1 (48:46):
So, Jeff, I can't wait to share it.

Speaker 2 (48:48):
And I want to wrap this up by saying, God
bless Charlie Kirk.

Speaker 7 (48:52):
William, Congratulations, my friend. I am so proud of you, buddy,
just outstanding job. And I want you to know I
want my copy. I gotta read what you wrote about me, William.
God bless you and thank you so much. Okay to
get your complimentary copy of William Kelly's latest book with

(49:15):
you know, Hey, the Cornerman's in it huh eight eight
eight eight hundred eighteen eighty one eight eight eight eight
hundred eighteen eighty one.

Speaker 1 (49:23):
Or if you prefer, you can.

Speaker 7 (49:25):
Email Kelly at Kellyfinancial dot org. That's Kelly at Kellyfinancial
dot org.

Speaker 3 (49:38):
Safe Money Strategies A eight eight hundred one eight eight one.

Speaker 4 (49:44):
Each week we set aside a few minutes to share
the whippen wisdom of Bill Kelly. Stories that remind us
of values, lessons and family spirit that shaped his life today.

Speaker 1 (49:58):
Bill takes us back to bailey Brook Farm.

Speaker 4 (50:01):
Painting a picture of a simpler time when life was unplugged.
Schools were filled with teachers who inspired, and family and
hard work guided every day. These stories aren't just about
the past. They're reminders of what matters most in every generation.

Speaker 1 (50:19):
And now Here's Bill Kelly.

Speaker 6 (50:22):
At times, I still find it difficult to believe there
once was a bailey Brook farm where I grew up.
It seems so out of sync with what's happening nowadays.
Rest assured there was such a farm, people under the
age of forty five might think it's all just a fable.
It's not. They might find it surprising. We had a
sock bag, a rag bag, and a single bathroom for

(50:44):
ten people, five of us kids, two foster brothers, John
and Ritchie, are two parents, and of course gramp. We
had our own version of peaceable kingdom. Chickens and dogs
slept in a pile with the cats. We also had
a peddler named mister Pick, a bread man, a milkman,
and the fuller brush man. The Carters drove to our

(51:05):
farm to buy eggs, and mister Silveria delivered sacks of
chicken feed from the Purina store each week in March.
He brought cardboard boxes filled with tiny baby chicks. We
would put them under small heated tents in the Bruder
coop and carefully watch over them, making sure their little
troughs were always filled with grain and water. In the spring,

(51:26):
Uncle Tom came with his shotgun to kill the chicken hawks,
which was probably illegal. Skunks, foxes, and weasels were the
main predators, vying for a meal of fresh eggs or
chicken breast. Lightning storms ruined our egg harvest, and hurricanes
threatened our hen coops. My folks had three jobs collectively.
We had one car and lived almost a mile from

(51:47):
the main road. The rocky dirt lane leading up to
our home was a daily adventure, and it wasn't long
before we knew every crooked rock and bump in the
lane by heart. We walked to school in winter, spring, summer,
and fall. It was exactly a mile and a half,
so it wasn't terrible. I cannot figure out why we
didn't ride our bicycles. We were out the door by

(52:07):
seven thirty am and back home by three thirty pm.
There were no cell phones, beepers, or text messages. Life
back then was simple, unplugged. We left for school, the
school I loved. At the end of our school day,
we headed home to play and run. I loved my farm.
I loved all of my schools and all of my teachers.
We carried our lunch to school, as there was no cafeteria.

(52:30):
After eating lunch, we headed out for an hour of recess,
running around at top speed, raising cane, having fun, and
forming gangs. Gangs back then were a little bit different
than today's gangs. Members of our gang were the guys
we hung around with at recess and with whom we
played football. That's a bygone era for sure. Now everything's expensive,

(52:51):
everything's by appointment, and everything is pre planned. Kids are
being driven to soccer matches, lacrosse games, swimming practice, and
after school clubs. It's all changed. Is it changed for
the better? I think the new political correctness has caused
a lot of frustration, and the federal school programs seemed
to have left millions of children behind. It's difficult to

(53:12):
fathom my third graders are being taught six steps to
subtract two numbers common core when we did the same
problem using only two steps. The trend seems to be
more toward complicating life than simplifying it for the kids.
Our principal was Missus Carroll and our janitor was Uncle Jesse.
They pretty much ran the school. Missus Carroll would look

(53:32):
right at you and make you stick out your tongue.
If it was black, you were lying, and that was that.
Since the color of your tongue determined your fate, we
obviously didn't eat too much licorice. Uncle Jesse had both
a secret red powder that would eradicate throw up and
a cloth bin with wheels for the trash. When someone
got sick at school, he came in with the powder

(53:53):
and swept away the mess as if it had never happened.
My family was pro teacher. If something was wrong on
my report card, I and not the teacher, had to
pay the price. We had midterm reports back then. If
I came home with a yellow slip for my mid terms,
it wasn't going to be a happy weekend. We used
to call them deficiencies and hope we wouldn't get any

(54:15):
If I did something great. On the other hand, I
received a commendation for that mid term and couldn't wait
to bring it home. Such was life back then. To me,
school was like a daily Broadway play. No, I take
that back, it was like six to eight Broadway plays
each day. To others, these were called classes. I felt

(54:37):
almost as if my teachers were there to entertain me
and teach me because it was so exciting and so new.
Each time I went to school, I could always sense
a focus upon my well being by each of my teachers.
When I was in fifth grade, I would wake up
in the morning and go to my older brother Michael's
closet after he left for school, steal one of his

(54:57):
shirts and bring it down to the dining room. Ironing
board was usually set up, so i'd iron the shirt
in my khakis too if they needed it. From junior
high on, I bought my own shoes and wore penny
loafers when I could afford to. When I reached high school,
there were lunches I could buy for a quarter. Believe
it or not, the lunches were terrific back then. I

(55:18):
understand much of what the kids are served now is
thrown away because it just isn't appetizing to them. My
high school lunches were great and every bit was eaten.
I think the most impressive aspect of my schooling was
the teachers. I respected them so much because they held
the keys to our future, and they made learning so enjoyable.

(55:39):
This was particularly true of our teachers in history in English.
They made things so much fun. While learning about different authors,
I would get hooked on one and read everything he
or she had written. At the end of grade school,
I got into the Hardy Boys series and read all
sixty six books. They were hard bound books that sold
for ninety nine cents each. Since they were written in

(56:00):
the thirties. By nineteen sixty three, they were dated, but
they were fun to read and they were enjoyable. In
high school I got into Hemingway, Faulkner and Sir Arthur
Conan Doyle. Our life was structured around fantasy, respect for
teachers and others in authority, and the survival of a
large Irish family. It was simply the American way.

Speaker 3 (56:22):
We'll call Kelly Financial Services eight eight eight eight hundred,
eighteen eighty one.

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

(56:50):
one or email Kelly at Kellyfinancial dot org.

Speaker 1 (56:54):
We're Kelly Financial.

Speaker 3 (56:55):
Come retire with us Safe money strategies with William kay
Kelly and Kelly Kelly. Go to Kelly Financial dot org.

Speaker 5 (57:09):
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. 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.