August 9, 2025 • 24 mins
This week on Safe Money Strategies, things get personal and a little playful. Kelly and her son William kick off the show with a hilarious update on family life, from Mary Madeline’s impressive half marathon to the upcoming arrival of a new puppy, and a sibling rivalry that reaches new heights with handmade signs and canine custody claims. It’s all in good fun and it’s a reminder that life’s big and little moments are worth planning for. Later in the hour, our team of trusted fiduciary advisors explores strategies to help you stay financially confident at every stage of life. From managing risk and navigating inflation to building income that lasts, we share smart ways to plan ahead, so you can spend more time focusing on the people you love. Whether you’re planning your first 401(k) or preparing for retirement, this hour blends real-life stories with financial clarity and just might make you laugh along the way. Make Safe Money Strategies part of your Saturday night tradition. Have questions or want to schedule a complimentary consultation? Call 888-800-1881 or email kelly@kellyfinancial.org
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Episode Transcript
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Speaker 1 (00:03):
Good evening and welcome to Safe Money Strategies right here
on WBZ News Radio. I'm Kelly Kelly, founder of Kelly
Financial Services, and your host tonight. I'm so glad you're
with us. Every Saturday night at nine pm, we bring
you real conversations about retirement, resilience and protecting the life
(00:27):
you've worked so hard to build. We're a proud, family
run firm based right here in New England, and for
over twenty two years, we've helped thousands of families plan
for the next chapter with clarity and confidence. You may
know us from our two decades on the AM airwaves,
and now we're thrilled to bring that same trusted voice
(00:50):
to WBZ. This show is about more than just money.
It's about peace of mind purpose in making smart decisions
that support the people you love. Each week, I'm joined
by my children, William Kelly Junior and Mary Madeline Kelly,
along with our incredible team of fiduciary advisors. Together, we
(01:11):
share practical strategies, personal stories, and a few laughs along
the way. We'll cover everything from inflation and taxes to
income planning, market trends, and how to leave a lasting legacy.
Because retirement isn't. The end of the story is the
beginning of a new one. So if you're winding down
(01:32):
for the evening, pour something relaxing, settle in and spend
a little time with us. You're in good company and
we're glad you're here. This is Safe Money Strategies where family, finance,
and your future come together.
Speaker 2 (01:50):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and twenty and
one or go to Kelly Financial dot org. That's Kelly
at Kelly Financial dot org.
Speaker 1 (02:06):
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. This
is a part of the show we call Forever Young,
where I sit down with my handsome son, William Kelly Junior,
and we talk about life, what's going on in the world,
(02:29):
and our family and what really matters most when you're
planning for the future. Sometimes is light, sometimes as thoughtful,
but it's always real. Good evening, William.
Speaker 3 (02:40):
How are you good evening? Mom?
Speaker 1 (02:42):
I'm well in yourself, I'm doing great.
Speaker 2 (02:44):
There has been a couple of big family events going
on in this past week. So on Sunday of last week,
Mary Madaline, as many as you know and love her,
my sweet, innocent, beautiful sister, she completed a half marathon
in Rockland, Massachusetts, and beating her record by fifteen minutes.
(03:06):
She did it with her best friend. I got to
meet her best friend's boyfriend, their family, her family, and
I got to spend the whole day with Mary Madeline.
Speaker 3 (03:14):
And Mom, you weren't there. I was not a good reason.
Speaker 1 (03:19):
There was a very good reason. My sister Heidi and
my brother in law Gary flew in the night before.
So I was a bit far for us to go,
but we were there in spirit. You were there to
represent us exactly.
Speaker 2 (03:35):
Mary Madaline, who I thought would never lie and would
never ever tell a fib in her entire life, Sweet
innocent Mary Madeline, Ladies and gentlemen, tells me the drive
to Rockland from where we live is an hour and
a half.
Speaker 3 (03:48):
And boy, I wake up at seven thirty in the
morning and I look at my phone and.
Speaker 2 (03:52):
I see almost two hours drive turn and my sweet
and innocent sister, who would never do anything wrong, something wrong,
and I couldn't believe it, and she said, yeah, I
kind of fibbd. I really wanted you to go. I
didn't appreciate that, and I'm telling everybody on WBZWRKO the
whole am radio frequency. I did not appreciate that, Mrine Medaline.
(04:13):
I appreciate honesty. That's a core value.
Speaker 3 (04:16):
Okay.
Speaker 2 (04:17):
Other than that, she did fantastic. We had some really
good seafood together. I really love her friends and her
friend's family. They're really wonderful people. We got to go
over to Salem. They had a home there. It was
a beautiful home. They've had it since the nineteen eighties.
It's in great shape, beautiful house, beautiful area, pedestrians don't
follow traffic laws. It's just a beautiful Massachusetts town. You
(04:38):
can't ask for more. Rockland was the same way. There
was about one lane and it.
Speaker 3 (04:43):
Was two ways.
Speaker 2 (04:44):
So I felt like I was back in Newport, you know,
except people were just a little more angrier.
Speaker 3 (04:49):
I loved it and.
Speaker 2 (04:52):
The honestly beautiful scenery. Local Massachusetts town the best place
you can raise your kids, to be honest, like, Massachusetts
is one of the top places in the United States
to raise a family. Utah's number one. I think Massachusetts
is number three. Massachusetts used to be number three, but
it went down a little bit. I mean it used
to be number one, but then it went down a couple.
But still, with that being said, I didn't just show up.
Speaker 3 (05:16):
Of course, I had to do something extra.
Speaker 2 (05:19):
I made at least ten different signs from Mary Maddeline.
I went above and beyond some things I can't say
on the show.
Speaker 3 (05:26):
Because we'd like to keep things, you know, rated g here.
Speaker 2 (05:29):
And a couple other things with like some sibling digs,
some little jabs, like, for example, ladies and gentlemen.
Speaker 3 (05:35):
This is kind of.
Speaker 2 (05:36):
A little thing Mary Madaline I have going on. We
have a wonderful dog named Georgia. For those who are
not familiar with Georgia, she's typically.
Speaker 3 (05:43):
On the show in spirit.
Speaker 2 (05:44):
She'll make a couple whining noises. You may hear in
the background, you may not. I'm not sure if the
AM frequency can pick all that up. But Georgia is
my daughter. I'm her father. It's a father daughter relationship.
Mary Madaline claims to be her mother, but Mary Madaline
owned it comes here. First off, she's my sister, so
that can't work. Second, off, she only comes here once
(06:04):
a week. I don't think a mother does that.
Speaker 3 (06:06):
I'm with my dog all the time. I give it
the love, the attention, the morning walks.
Speaker 1 (06:11):
And how did I become the grandmother because my mom?
Speaker 2 (06:16):
So Mary Madaline was her aunt, but she tried to
claim she had motherhood status because Georgia Mary Madaline spoils her,
gives her food when she shouldn't human food, does all
the wrong things.
Speaker 1 (06:28):
Seems more like a grandmother, Yes.
Speaker 2 (06:30):
She really is, Maybe she should be grandmother, Mary Madelinin.
So Mary Madaline says, oh, she's my mother because she
loves me more. The reason Georgia hangs out with you,
Mary Maddlins because you let her get away with all
the bad stuff. That's why I like hanging out with
my uncle, because he lets me get away with stuff.
So that doesn't mean anything, Mary Madeline. We're having this
argument right now, so you and you can't say anything back.
You can't argue back because you're listening to me. Let's
(06:52):
let's go in the further detail. She since she kept
fighting this with the whole mother thing, I had enough.
I demoted her from aunt to cousin. It was the
most responsible thing to do. So she's George's cousin now,
because if she wants to act this yrresponsible, I don't
think she even has.
Speaker 1 (07:08):
How did she respond to that sign?
Speaker 3 (07:11):
So let me explain what the sign was. I haven't
even told them what the sign is.
Speaker 2 (07:14):
So I made a sign that said Georgia is so
proud of her, and then in big bold red font
I just wrote cousin, and I had a bunch of
arrows pointing to it. So that was a little jab
And then she, ladies and gentlemen, she said, please make
fun of me. So I wasn't doing this because I
love my dear sister, but she gave me permission here,
(07:36):
So then I made about like ten other you know,
funny ones. But yeah, she did a great job. She
was so happy that I showed up, and I'm happy
I went.
Speaker 3 (07:44):
It was a really good day.
Speaker 2 (07:45):
I got to hang out at her apartment and ladies
and gentlemen.
Speaker 3 (07:49):
I know, we talk about Georgia.
Speaker 2 (07:51):
A lot and Marshall a lot, but we're having a
new member of the family coming soon, ladies and gentlemen,
and it's not part of our family. Mary Madeline is fine,
finally going to become a real mother, and she's going
to have her own puppy, not a baby, don't worry,
But she's having her own puppy, yes, and it is.
Speaker 4 (08:08):
A cocka doodle I think right, a cockapoo cockapoo cockadodle,
a cockapoo, which is a mix between a cocker spaniel
and a poodle, I believe.
Speaker 2 (08:19):
And it is the most beautiful dog that you've ever seen.
But there's going to be some more family tension, ladies
and gentlemen. There's going to be even more family drama
because Georgia is the jealous type. She is the sweetest
puppy on earth, but she's also the most jealous puppy
on earth. And if you're cop patting another animal, she
can get a little snippy. You know, she would never
go out of her way to hurt somebody unless there
(08:42):
was a competing dog or cat or something that was
in the way of attention. Georgia will start to get
jealous in a little territorial because she needs to be
the center of attention. Which, don't worry, Georgia, I'll always
give that to you. I'm not going to abandon you
like your cousin. I'm not going to abandon you like
Murray Madeline Georgia, I love.
Speaker 3 (08:59):
You very much.
Speaker 2 (09:00):
But jokes aside, Mary Madaline is to go back to
the point I was trying to make this dog. I'm
going to be dog sitting this dog probably every weekend.
And Mary Mallin wants to avoid paying a dog sitter.
Speaker 3 (09:15):
Is the truth. But I mean, hey, that's a whole
one bedroom apartment and a dog. I'm okay with that.
Speaker 1 (09:20):
That'll be a good plan, I think. Do keep us
on your dial. We've got a lot of great content
coming your way. Mike Do said and Greg Workman will
break down this unpredictable year in the markets and what
AI means for your investments moving forward. Mary Madaline, Kelly
and Greg Murray will be sharing practical, encouraging ways to
(09:43):
build financial security one step at a time, no jargon,
just real life strategies that work. William and I will
be back to discuss the real risk that can sneak
up on your retirement and how planning ahead helps protect
what matters. Most of course, we'll close the hour with
some wit and wisdom from the late Bill Kelly. His
(10:05):
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. I love you, Honey, I love
you too.
Speaker 2 (10:16):
Mom.
Speaker 5 (10:22):
Call us today at eight eight eight hundred and eighty
one or visit us online at Kellyfinancial dot org to
schedule your complimentary retirement income analysis.
Speaker 6 (10:36):
Hello I Mike, you said, chief operating officer at Kelly
Financial Services, and you are listening to Kelly Financial, safe
money strategies, where we believe your financial future should be
built on wisdom not anxiety. Joining me today as he
does most weekends, is Kelly Financial Investment Advisor Greg Workman.
Speaker 7 (10:54):
We are here every week to help you make smarter,
safer financial choices without the confusing industry jargon and without
the stress.
Speaker 6 (11:04):
We're just beyond the midpoint of the year. In the
first half of today's program, we'll offer our latest insights
on this unpredictable year and what further surprises may lie
ahead in its second half.
Speaker 7 (11:16):
In the second half of the show, we'll talk about
artificial intelligence, what investors need to know about the AI trend,
and how to capitalize on what many consider a modern
day renaissance period.
Speaker 6 (11:29):
Let's dive in. We've got a lot to cover. The
election last November was fairly decisive. Markets quickly repriced from
a state of uncertainty to more optimism about the future
direction of the market, with investors expecting acid prices to rise.
Speaker 7 (11:42):
Then, as we got into the new year, markets became
concerned that new tariffs might be more significant than previously anticipated,
even raising the risk of a growth shock.
Speaker 6 (11:53):
When an aggressive tariff strategy was rolled out on April second,
markets had to reprice again, which ultimately brought stocks down
by nearly twenty percent from their highs. Then, when many
tariffs were paused, the markets had to reprice once more.
Speaker 7 (12:07):
The market is fairly efficient at pricing in all that
known information, but when that known information is switching from
one day to the next, it creates volatility that we've
seen this year.
Speaker 6 (12:18):
The market has already rebounded from that decline in Today
the S and P five hundred is up roughly eight
percent greg Historically speaking, what has typically happened to markets
after a drop of similar magnitudes If.
Speaker 7 (12:30):
You study all the declines of at least twenty percent
since nineteen fifty seven, in eighty percent of cases, by
one year later, the market is in positive territory. The
interesting pattern behind this year's bear scare is that it
was the third most rapid decline of that magnitude since
nineteen fifty seven.
Speaker 6 (12:52):
This year's market recovery came after some tariffs were dialed
back or paused. But is there a risk that tariffs
could re escalate and trigger a recession. For example, the
ninety day pause on most of the heavy tariffs on
US and Chinese goods is set to expire on August twelfth.
Speaker 7 (13:07):
Trade policy and all the questions surrounding it is still
a risk, and certainly this issue is not going away.
Speaker 3 (13:14):
So far.
Speaker 7 (13:15):
We've seen with the tariff volatility this year is that
soft data such as consumer confidence surveys did take a hit,
but hard data like jobless claims and economic growth have
held up well, which has been very good news for
the market and investors.
Speaker 8 (13:31):
For the time being.
Speaker 6 (13:31):
It seems like Wall Street is tuning out the tariff noise,
which is good because there are plenty of positives to
get excited about.
Speaker 3 (13:38):
That's right.
Speaker 7 (13:39):
We've seen a stable, resilient labor market. Job growth remains
consistent at roughly one hundred and fifty two thousand jobs
per month, keeping unemployment low around four to four point
one percent.
Speaker 6 (13:53):
Consumer and business spending is holding up at a healthy level,
and inflation is trending in the right direction.
Speaker 7 (13:59):
In addition, today's market is benefiting from innovation tailwinds. We've
seen a surge in artificial intelligence related investment, fueling productivity
gains and GDP growth.
Speaker 6 (14:10):
To sum it up, the positives outweigh the negatives, and
the market is in an uptrend supported by a healthy
economic outlook.
Speaker 8 (14:16):
Greg, what have you been hearing from clients?
Speaker 7 (14:18):
There have been some emotionally challenging times for investors this year.
Many investors are wondering where we go from here. They
may hear terms like slower growth and imagine bad outcomes,
but looking at earnings numbers, growth of seven percent or
so would still be positive earnings growth.
Speaker 6 (14:37):
That would be a good outcome for markets if we
saw growth in that territory. How has our team been
managing client portfolios through this volatile and unpredictable period.
Speaker 7 (14:46):
What has been interesting is that diversified portfolios have in
many cases done surprisingly well, even as that volatility was
impacting US stocks directly. Some other asset classes like international stocks, bonds,
certain commodities, and others have helped diversified clients experience much
less volatility in their returns.
Speaker 6 (15:07):
I know clients have been pleasantly surprised with our ability
to limit downside when the market's moved against us, and
our upside capture when markets turned around greg. So far,
the conversation this year has been dominated.
Speaker 8 (15:18):
By tariffs in volatility.
Speaker 6 (15:20):
What's the next big thing we're all going to be
talking about in the second half of.
Speaker 7 (15:24):
The year, interest rates. The FED has four meetings between
now and year end. The President and his team have
been ramping up the pressure campaign and all eyes are
on Jerome Powell and his team.
Speaker 8 (15:36):
At the fedwatch that's a big issue.
Speaker 7 (15:38):
What else the health of corporate earnings? Also, what happens
with inflation? With tariffs, prices could go up or maybe
consumers will pull back on spending and companies have to
pull back on price increases.
Speaker 6 (15:50):
It is important to note that entry YEA volatility is normal.
Despite average annual drawdowns of fourteen percent, the S and
P five hundred still finished positive in fifteen of the
last twenty years.
Speaker 7 (16:02):
Investors often overreact to short term to clients, but long
term portfolio growth remains intact if they stay invested.
Speaker 6 (16:11):
Investors who stay the course during market downturns not only
avoid locking in losses, but also position themselves to benefit
from the strong rebounds that often follow.
Speaker 7 (16:20):
The best investors know it's time in the market, not
timing the market, that builds long term wealth.
Speaker 6 (16:26):
As we head into the break, ask yourself three questions.
Do I know how to manage my own investments? Do
I want to manage my own investments? And do I
have time to manage my own investments? If you're hesitant
or answered no to one or more of these questions,
you may want to consider learning more about Kelly Financial
Services and why over seventeen hundred clients have entrusted us
(16:47):
with their financial future.
Speaker 7 (16:49):
There's no time like the present. Call our team today
to schedule a no pressure conversation about your financial future.
We love meeting our listeners, and we pledge to provide rightforward,
honest advice with your best interest in mind.
Speaker 8 (17:04):
Call our team today.
Speaker 6 (17:05):
Our phone number is eight eight eight eight hundred eighteen
eighty one, or visit us on the web at Kelly
Financial dot org.
Speaker 8 (17:12):
Let's pause here for a quick break.
Speaker 6 (17:14):
Make sure you don't miss the second half of the show,
where we'll talk about all things AI, what investors need
to know, and how to capitalize on what many consider
a modern day renaissance period.
Speaker 1 (17:28):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen
(17:51):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.
Speaker 9 (17:58):
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 ad eight eight eight hundred eighteen
(18:21):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with.
Speaker 3 (18:27):
Us and we're back.
Speaker 2 (18:31):
Welcome to save twenty strategies.
Speaker 3 (18:33):
If you're just tuning.
Speaker 2 (18:34):
In, I'm William Kelly Junior and every Saturday, my mom
and I bring you insights, real talk about retirement and
personal finance. We come to you from Kelly Financial Services,
where we help families plan for a stronger financial future.
We are dedicated to two but powerful principles family values
combined with financial knowledge.
Speaker 1 (18:54):
That's right. I'm Kelly Kelly, CEO of Kelly Financial and
is always joy to be here every Saturday talking about
the real issues that impact your financial well being. Our
goal on this show is to simplify complex financial topics
and offer clear, practical strategies that you can actually use.
Speaker 2 (19:19):
And today we're diving into something that matters to just
about everyone, retirement risks. Whether you're approaching retirement or already
living in it, it's never too late to.
Speaker 8 (19:28):
Make a smart, informed decision.
Speaker 2 (19:30):
These risks can come from all directions, and the more
we understand them, the more confident we can be in
our retirement years.
Speaker 1 (19:37):
When we talk about retirement risk, we're talking about more
than just numbers. These are the kinds of challenges that
can really affect your quality of life if you're not prepared,
things like outliving your savings, healthcare surprises, or a sudden
dip in the market exactly.
Speaker 2 (19:57):
But with thoughtful planning and the right guidance, these risks
can be reduced and in many cases, avoid it altogether.
Speaker 3 (20:04):
So let's jump in.
Speaker 1 (20:05):
One of the most common concerns we hear is outliving
your money. People are living longer than ever and that's
a wonderful thing, but it also means your retirement savings
may need to last thirty years or more. That's why
longevity risk is at the top of our list.
Speaker 2 (20:25):
The first step is putting together a realistic, flexible budget.
Think about your must haves like housing, food and healthcare,
andrew and nice to have like travel, dining out, or
helping the grandkids with college. Creating a budget isn't.
Speaker 3 (20:39):
Just about restricting your life.
Speaker 2 (20:40):
It's about making sure you can live it fully.
Speaker 1 (20:43):
And review that budget often. Your lifestyle and your expenses
and even your goals can shift as you move through retirement.
We tell our clients all the time your retirement plan
is a living document.
Speaker 2 (20:57):
It should evolve with you, and evolving doesn't mean overhauling
your whole plan every year. Sometimes it's just adjusting for
what's changed, like healthcare needs, family situations, or even your
energy level, retirement is a new chapter, not the end
of the story.
Speaker 1 (21:12):
I love that because retirement should be a time of
growth and rediscovery. We've had clients pick up new hobbies,
start second careers, even go back to school, and your
budget should reflect that joy, not just the bills.
Speaker 2 (21:29):
Speaking of that, don't underestimate how helpful it is to
actually write down your financial goals. When you get things
out of your head and onto paper, it makes them real.
It gives you a target, not just a wish.
Speaker 1 (21:40):
And if you're married or partnered, have these conversations together.
It's so important to be on the same page, especially
about spending styles, giving to family, or what fun looks
like in retirement. You might be surprised where your visions
overlap and where they don't.
Speaker 2 (22:01):
Another great strategy is consider part time work in retirement,
not just for the paycheck, but for the structure and
sense of purpose it can bring. We see a lot
of retirees who do consulting, seasonal work, and even volunteer
in a way that provides some.
Speaker 1 (22:13):
Income, yes, and it keeps you active and connected to
the community. It can also delay the need to withdraw
from retirement accounts, which gives those savings more time to grow.
Speaker 2 (22:26):
One risk that can sneak up on folks is retiring
just as the market takes a downturn. That's called a
sequence of returns risk. It can really impact your long
term finances. Basically, withdrawing from a portfolio that's losing value
can compound your losses.
Speaker 1 (22:40):
One smart way to guard against that is to build
up a cash reserve, maybe one or two years worth
of expenses in savings or other low risk vehicles. That way,
you're not pulling them from investment accounts while they're down.
You give your investments time to recover while still covering
(23:01):
your expenses.
Speaker 2 (23:02):
Another pitfall waiting too long to start saving.
Speaker 1 (23:06):
Time really is your greatest asset. The earlier you begin saving,
the more time your money has to grow. But even
if you're in your fifties or early sixties, it's not
too late to make a difference. We have clients who
come in thinking they miss their chance, and they leave
feeling empowered.
Speaker 2 (23:27):
Tools like catch up contributions, which allow you to save
more in retirement accounts once you're fifty or older, can
really help. And sometimes it's about reducing expenses now so
you have more flexibility later.
Speaker 1 (23:39):
That might mean downsizing your home, consolidating debt, or even
holding off on big purchases. These may seem like small shifts,
but they can have a big long term impact.
Speaker 2 (23:52):
And let's not forget planning isn't just about the dollars
and cents, it's about piece of mone Knowing you're prepared
can relieve a lot lot of stress.
Speaker 1 (24:01):
So true, we say all the time, is not just
about building wealth, it's about building a life you feel
good about living. Your retirement should be a time of freedom,
not worry.
Speaker 2 (24:14):
We're going to pause here, but we'll be back in
the hour to continue this conversation. We'll talk about how
to handle rising healthcare costs, how inflation can impact your
retirement income, and the role social security can play in
a strong sustainable plan.
Speaker 1 (24:27):
So don't go anywhere. You're listening to Safe Money Strategies
with Kelly Financial Services and we'll be back in just
a bit.
Speaker 2 (24:40):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and twenty and one,
or go to Kelly Financial dot org. That's Kelly at
Kelly Financial dot org.
Good evening and welcome to Safe Money Strategies right here
on WBZ News Radio. I'm Kelly Kelly, founder of Kelly
Financial Services, and your host tonight. I'm so glad you're
with us. Every Saturday night at nine pm, we bring
you real conversations about retirement, resilience and protecting the life
(00:27):
you've worked so hard to build. We're a proud, family
run firm based right here in New England, and for
over twenty two years, we've helped thousands of families plan
for the next chapter with clarity and confidence. You may
know us from our two decades on the AM airwaves,
and now we're thrilled to bring that same trusted voice
(00:50):
to WBZ. This show is about more than just money.
It's about peace of mind purpose in making smart decisions
that support the people you love. Each week, I'm joined
by my children, William Kelly Junior and Mary Madeline Kelly,
along with our incredible team of fiduciary advisors. Together, we
(01:11):
share practical strategies, personal stories, and a few laughs along
the way. We'll cover everything from inflation and taxes to
income planning, market trends, and how to leave a lasting legacy.
Because retirement isn't. The end of the story is the
beginning of a new one. So if you're winding down
(01:32):
for the evening, pour something relaxing, settle in and spend
a little time with us. You're in good company and
we're glad you're here. This is Safe Money Strategies where family, finance,
and your future come together.
Speaker 2 (01:50):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and twenty and
one or go to Kelly Financial dot org. That's Kelly
at Kelly Financial dot org.
Speaker 1 (02:06):
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. This
is a part of the show we call Forever Young,
where I sit down with my handsome son, William Kelly Junior,
and we talk about life, what's going on in the world,
(02:29):
and our family and what really matters most when you're
planning for the future. Sometimes is light, sometimes as thoughtful,
but it's always real. Good evening, William.
Speaker 3 (02:40):
How are you good evening? Mom?
Speaker 1 (02:42):
I'm well in yourself, I'm doing great.
Speaker 2 (02:44):
There has been a couple of big family events going
on in this past week. So on Sunday of last week,
Mary Madaline, as many as you know and love her,
my sweet, innocent, beautiful sister, she completed a half marathon
in Rockland, Massachusetts, and beating her record by fifteen minutes.
(03:06):
She did it with her best friend. I got to
meet her best friend's boyfriend, their family, her family, and
I got to spend the whole day with Mary Madeline.
Speaker 3 (03:14):
And Mom, you weren't there. I was not a good reason.
Speaker 1 (03:19):
There was a very good reason. My sister Heidi and
my brother in law Gary flew in the night before.
So I was a bit far for us to go,
but we were there in spirit. You were there to
represent us exactly.
Speaker 2 (03:35):
Mary Madaline, who I thought would never lie and would
never ever tell a fib in her entire life, Sweet
innocent Mary Madeline, Ladies and gentlemen, tells me the drive
to Rockland from where we live is an hour and
a half.
Speaker 3 (03:48):
And boy, I wake up at seven thirty in the
morning and I look at my phone and.
Speaker 2 (03:52):
I see almost two hours drive turn and my sweet
and innocent sister, who would never do anything wrong, something wrong,
and I couldn't believe it, and she said, yeah, I
kind of fibbd. I really wanted you to go. I
didn't appreciate that, and I'm telling everybody on WBZWRKO the
whole am radio frequency. I did not appreciate that, Mrine Medaline.
(04:13):
I appreciate honesty. That's a core value.
Speaker 3 (04:16):
Okay.
Speaker 2 (04:17):
Other than that, she did fantastic. We had some really
good seafood together. I really love her friends and her
friend's family. They're really wonderful people. We got to go
over to Salem. They had a home there. It was
a beautiful home. They've had it since the nineteen eighties.
It's in great shape, beautiful house, beautiful area, pedestrians don't
follow traffic laws. It's just a beautiful Massachusetts town. You
(04:38):
can't ask for more. Rockland was the same way. There
was about one lane and it.
Speaker 3 (04:43):
Was two ways.
Speaker 2 (04:44):
So I felt like I was back in Newport, you know,
except people were just a little more angrier.
Speaker 3 (04:49):
I loved it and.
Speaker 2 (04:52):
The honestly beautiful scenery. Local Massachusetts town the best place
you can raise your kids, to be honest, like, Massachusetts
is one of the top places in the United States
to raise a family. Utah's number one. I think Massachusetts
is number three. Massachusetts used to be number three, but
it went down a little bit. I mean it used
to be number one, but then it went down a couple.
But still, with that being said, I didn't just show up.
Speaker 3 (05:16):
Of course, I had to do something extra.
Speaker 2 (05:19):
I made at least ten different signs from Mary Maddeline.
I went above and beyond some things I can't say
on the show.
Speaker 3 (05:26):
Because we'd like to keep things, you know, rated g here.
Speaker 2 (05:29):
And a couple other things with like some sibling digs,
some little jabs, like, for example, ladies and gentlemen.
Speaker 3 (05:35):
This is kind of.
Speaker 2 (05:36):
A little thing Mary Madaline I have going on. We
have a wonderful dog named Georgia. For those who are
not familiar with Georgia, she's typically.
Speaker 3 (05:43):
On the show in spirit.
Speaker 2 (05:44):
She'll make a couple whining noises. You may hear in
the background, you may not. I'm not sure if the
AM frequency can pick all that up. But Georgia is
my daughter. I'm her father. It's a father daughter relationship.
Mary Madaline claims to be her mother, but Mary Madaline
owned it comes here. First off, she's my sister, so
that can't work. Second, off, she only comes here once
(06:04):
a week. I don't think a mother does that.
Speaker 3 (06:06):
I'm with my dog all the time. I give it
the love, the attention, the morning walks.
Speaker 1 (06:11):
And how did I become the grandmother because my mom?
Speaker 2 (06:16):
So Mary Madaline was her aunt, but she tried to
claim she had motherhood status because Georgia Mary Madaline spoils her,
gives her food when she shouldn't human food, does all
the wrong things.
Speaker 1 (06:28):
Seems more like a grandmother, Yes.
Speaker 2 (06:30):
She really is, Maybe she should be grandmother, Mary Madelinin.
So Mary Madaline says, oh, she's my mother because she
loves me more. The reason Georgia hangs out with you,
Mary Maddlins because you let her get away with all
the bad stuff. That's why I like hanging out with
my uncle, because he lets me get away with stuff.
So that doesn't mean anything, Mary Madeline. We're having this
argument right now, so you and you can't say anything back.
You can't argue back because you're listening to me. Let's
(06:52):
let's go in the further detail. She since she kept
fighting this with the whole mother thing, I had enough.
I demoted her from aunt to cousin. It was the
most responsible thing to do. So she's George's cousin now,
because if she wants to act this yrresponsible, I don't
think she even has.
Speaker 1 (07:08):
How did she respond to that sign?
Speaker 3 (07:11):
So let me explain what the sign was. I haven't
even told them what the sign is.
Speaker 2 (07:14):
So I made a sign that said Georgia is so
proud of her, and then in big bold red font
I just wrote cousin, and I had a bunch of
arrows pointing to it. So that was a little jab
And then she, ladies and gentlemen, she said, please make
fun of me. So I wasn't doing this because I
love my dear sister, but she gave me permission here,
(07:36):
So then I made about like ten other you know,
funny ones. But yeah, she did a great job. She
was so happy that I showed up, and I'm happy
I went.
Speaker 3 (07:44):
It was a really good day.
Speaker 2 (07:45):
I got to hang out at her apartment and ladies
and gentlemen.
Speaker 3 (07:49):
I know, we talk about Georgia.
Speaker 2 (07:51):
A lot and Marshall a lot, but we're having a
new member of the family coming soon, ladies and gentlemen,
and it's not part of our family. Mary Madeline is fine,
finally going to become a real mother, and she's going
to have her own puppy, not a baby, don't worry,
But she's having her own puppy, yes, and it is.
Speaker 4 (08:08):
A cocka doodle I think right, a cockapoo cockapoo cockadodle,
a cockapoo, which is a mix between a cocker spaniel
and a poodle, I believe.
Speaker 2 (08:19):
And it is the most beautiful dog that you've ever seen.
But there's going to be some more family tension, ladies
and gentlemen. There's going to be even more family drama
because Georgia is the jealous type. She is the sweetest
puppy on earth, but she's also the most jealous puppy
on earth. And if you're cop patting another animal, she
can get a little snippy. You know, she would never
go out of her way to hurt somebody unless there
(08:42):
was a competing dog or cat or something that was
in the way of attention. Georgia will start to get
jealous in a little territorial because she needs to be
the center of attention. Which, don't worry, Georgia, I'll always
give that to you. I'm not going to abandon you
like your cousin. I'm not going to abandon you like
Murray Madeline Georgia, I love.
Speaker 3 (08:59):
You very much.
Speaker 2 (09:00):
But jokes aside, Mary Madaline is to go back to
the point I was trying to make this dog. I'm
going to be dog sitting this dog probably every weekend.
And Mary Mallin wants to avoid paying a dog sitter.
Speaker 3 (09:15):
Is the truth. But I mean, hey, that's a whole
one bedroom apartment and a dog. I'm okay with that.
Speaker 1 (09:20):
That'll be a good plan, I think. Do keep us
on your dial. We've got a lot of great content
coming your way. Mike Do said and Greg Workman will
break down this unpredictable year in the markets and what
AI means for your investments moving forward. Mary Madaline, Kelly
and Greg Murray will be sharing practical, encouraging ways to
(09:43):
build financial security one step at a time, no jargon,
just real life strategies that work. William and I will
be back to discuss the real risk that can sneak
up on your retirement and how planning ahead helps protect
what matters. Most of course, we'll close the hour with
some wit and wisdom from the late Bill Kelly. His
(10:05):
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. I love you, Honey, I love
you too.
Speaker 2 (10:16):
Mom.
Speaker 5 (10:22):
Call us today at eight eight eight hundred and eighty
one or visit us online at Kellyfinancial dot org to
schedule your complimentary retirement income analysis.
Speaker 6 (10:36):
Hello I Mike, you said, chief operating officer at Kelly
Financial Services, and you are listening to Kelly Financial, safe
money strategies, where we believe your financial future should be
built on wisdom not anxiety. Joining me today as he
does most weekends, is Kelly Financial Investment Advisor Greg Workman.
Speaker 7 (10:54):
We are here every week to help you make smarter,
safer financial choices without the confusing industry jargon and without
the stress.
Speaker 6 (11:04):
We're just beyond the midpoint of the year. In the
first half of today's program, we'll offer our latest insights
on this unpredictable year and what further surprises may lie
ahead in its second half.
Speaker 7 (11:16):
In the second half of the show, we'll talk about
artificial intelligence, what investors need to know about the AI trend,
and how to capitalize on what many consider a modern
day renaissance period.
Speaker 6 (11:29):
Let's dive in. We've got a lot to cover. The
election last November was fairly decisive. Markets quickly repriced from
a state of uncertainty to more optimism about the future
direction of the market, with investors expecting acid prices to rise.
Speaker 7 (11:42):
Then, as we got into the new year, markets became
concerned that new tariffs might be more significant than previously anticipated,
even raising the risk of a growth shock.
Speaker 6 (11:53):
When an aggressive tariff strategy was rolled out on April second,
markets had to reprice again, which ultimately brought stocks down
by nearly twenty percent from their highs. Then, when many
tariffs were paused, the markets had to reprice once more.
Speaker 7 (12:07):
The market is fairly efficient at pricing in all that
known information, but when that known information is switching from
one day to the next, it creates volatility that we've
seen this year.
Speaker 6 (12:18):
The market has already rebounded from that decline in Today
the S and P five hundred is up roughly eight
percent greg Historically speaking, what has typically happened to markets
after a drop of similar magnitudes If.
Speaker 7 (12:30):
You study all the declines of at least twenty percent
since nineteen fifty seven, in eighty percent of cases, by
one year later, the market is in positive territory. The
interesting pattern behind this year's bear scare is that it
was the third most rapid decline of that magnitude since
nineteen fifty seven.
Speaker 6 (12:52):
This year's market recovery came after some tariffs were dialed
back or paused. But is there a risk that tariffs
could re escalate and trigger a recession. For example, the
ninety day pause on most of the heavy tariffs on
US and Chinese goods is set to expire on August twelfth.
Speaker 7 (13:07):
Trade policy and all the questions surrounding it is still
a risk, and certainly this issue is not going away.
Speaker 3 (13:14):
So far.
Speaker 7 (13:15):
We've seen with the tariff volatility this year is that
soft data such as consumer confidence surveys did take a hit,
but hard data like jobless claims and economic growth have
held up well, which has been very good news for
the market and investors.
Speaker 8 (13:31):
For the time being.
Speaker 6 (13:31):
It seems like Wall Street is tuning out the tariff noise,
which is good because there are plenty of positives to
get excited about.
Speaker 3 (13:38):
That's right.
Speaker 7 (13:39):
We've seen a stable, resilient labor market. Job growth remains
consistent at roughly one hundred and fifty two thousand jobs
per month, keeping unemployment low around four to four point
one percent.
Speaker 6 (13:53):
Consumer and business spending is holding up at a healthy level,
and inflation is trending in the right direction.
Speaker 7 (13:59):
In addition, today's market is benefiting from innovation tailwinds. We've
seen a surge in artificial intelligence related investment, fueling productivity
gains and GDP growth.
Speaker 6 (14:10):
To sum it up, the positives outweigh the negatives, and
the market is in an uptrend supported by a healthy
economic outlook.
Speaker 8 (14:16):
Greg, what have you been hearing from clients?
Speaker 7 (14:18):
There have been some emotionally challenging times for investors this year.
Many investors are wondering where we go from here. They
may hear terms like slower growth and imagine bad outcomes,
but looking at earnings numbers, growth of seven percent or
so would still be positive earnings growth.
Speaker 6 (14:37):
That would be a good outcome for markets if we
saw growth in that territory. How has our team been
managing client portfolios through this volatile and unpredictable period.
Speaker 7 (14:46):
What has been interesting is that diversified portfolios have in
many cases done surprisingly well, even as that volatility was
impacting US stocks directly. Some other asset classes like international stocks, bonds,
certain commodities, and others have helped diversified clients experience much
less volatility in their returns.
Speaker 6 (15:07):
I know clients have been pleasantly surprised with our ability
to limit downside when the market's moved against us, and
our upside capture when markets turned around greg. So far,
the conversation this year has been dominated.
Speaker 8 (15:18):
By tariffs in volatility.
Speaker 6 (15:20):
What's the next big thing we're all going to be
talking about in the second half of.
Speaker 7 (15:24):
The year, interest rates. The FED has four meetings between
now and year end. The President and his team have
been ramping up the pressure campaign and all eyes are
on Jerome Powell and his team.
Speaker 8 (15:36):
At the fedwatch that's a big issue.
Speaker 7 (15:38):
What else the health of corporate earnings? Also, what happens
with inflation? With tariffs, prices could go up or maybe
consumers will pull back on spending and companies have to
pull back on price increases.
Speaker 6 (15:50):
It is important to note that entry YEA volatility is normal.
Despite average annual drawdowns of fourteen percent, the S and
P five hundred still finished positive in fifteen of the
last twenty years.
Speaker 7 (16:02):
Investors often overreact to short term to clients, but long
term portfolio growth remains intact if they stay invested.
Speaker 6 (16:11):
Investors who stay the course during market downturns not only
avoid locking in losses, but also position themselves to benefit
from the strong rebounds that often follow.
Speaker 7 (16:20):
The best investors know it's time in the market, not
timing the market, that builds long term wealth.
Speaker 6 (16:26):
As we head into the break, ask yourself three questions.
Do I know how to manage my own investments? Do
I want to manage my own investments? And do I
have time to manage my own investments? If you're hesitant
or answered no to one or more of these questions,
you may want to consider learning more about Kelly Financial
Services and why over seventeen hundred clients have entrusted us
(16:47):
with their financial future.
Speaker 7 (16:49):
There's no time like the present. Call our team today
to schedule a no pressure conversation about your financial future.
We love meeting our listeners, and we pledge to provide rightforward,
honest advice with your best interest in mind.
Speaker 8 (17:04):
Call our team today.
Speaker 6 (17:05):
Our phone number is eight eight eight eight hundred eighteen
eighty one, or visit us on the web at Kelly
Financial dot org.
Speaker 8 (17:12):
Let's pause here for a quick break.
Speaker 6 (17:14):
Make sure you don't miss the second half of the show,
where we'll talk about all things AI, what investors need
to know, and how to capitalize on what many consider
a modern day renaissance period.
Speaker 1 (17:28):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen
(17:51):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.
Speaker 9 (17:58):
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 ad eight eight eight hundred eighteen
(18:21):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with.
Speaker 3 (18:27):
Us and we're back.
Speaker 2 (18:31):
Welcome to save twenty strategies.
Speaker 3 (18:33):
If you're just tuning.
Speaker 2 (18:34):
In, I'm William Kelly Junior and every Saturday, my mom
and I bring you insights, real talk about retirement and
personal finance. We come to you from Kelly Financial Services,
where we help families plan for a stronger financial future.
We are dedicated to two but powerful principles family values
combined with financial knowledge.
Speaker 1 (18:54):
That's right. I'm Kelly Kelly, CEO of Kelly Financial and
is always joy to be here every Saturday talking about
the real issues that impact your financial well being. Our
goal on this show is to simplify complex financial topics
and offer clear, practical strategies that you can actually use.
Speaker 2 (19:19):
And today we're diving into something that matters to just
about everyone, retirement risks. Whether you're approaching retirement or already
living in it, it's never too late to.
Speaker 8 (19:28):
Make a smart, informed decision.
Speaker 2 (19:30):
These risks can come from all directions, and the more
we understand them, the more confident we can be in
our retirement years.
Speaker 1 (19:37):
When we talk about retirement risk, we're talking about more
than just numbers. These are the kinds of challenges that
can really affect your quality of life if you're not prepared,
things like outliving your savings, healthcare surprises, or a sudden
dip in the market exactly.
Speaker 2 (19:57):
But with thoughtful planning and the right guidance, these risks
can be reduced and in many cases, avoid it altogether.
Speaker 3 (20:04):
So let's jump in.
Speaker 1 (20:05):
One of the most common concerns we hear is outliving
your money. People are living longer than ever and that's
a wonderful thing, but it also means your retirement savings
may need to last thirty years or more. That's why
longevity risk is at the top of our list.
Speaker 2 (20:25):
The first step is putting together a realistic, flexible budget.
Think about your must haves like housing, food and healthcare,
andrew and nice to have like travel, dining out, or
helping the grandkids with college. Creating a budget isn't.
Speaker 3 (20:39):
Just about restricting your life.
Speaker 2 (20:40):
It's about making sure you can live it fully.
Speaker 1 (20:43):
And review that budget often. Your lifestyle and your expenses
and even your goals can shift as you move through retirement.
We tell our clients all the time your retirement plan
is a living document.
Speaker 2 (20:57):
It should evolve with you, and evolving doesn't mean overhauling
your whole plan every year. Sometimes it's just adjusting for
what's changed, like healthcare needs, family situations, or even your
energy level, retirement is a new chapter, not the end
of the story.
Speaker 1 (21:12):
I love that because retirement should be a time of
growth and rediscovery. We've had clients pick up new hobbies,
start second careers, even go back to school, and your
budget should reflect that joy, not just the bills.
Speaker 2 (21:29):
Speaking of that, don't underestimate how helpful it is to
actually write down your financial goals. When you get things
out of your head and onto paper, it makes them real.
It gives you a target, not just a wish.
Speaker 1 (21:40):
And if you're married or partnered, have these conversations together.
It's so important to be on the same page, especially
about spending styles, giving to family, or what fun looks
like in retirement. You might be surprised where your visions
overlap and where they don't.
Speaker 2 (22:01):
Another great strategy is consider part time work in retirement,
not just for the paycheck, but for the structure and
sense of purpose it can bring. We see a lot
of retirees who do consulting, seasonal work, and even volunteer
in a way that provides some.
Speaker 1 (22:13):
Income, yes, and it keeps you active and connected to
the community. It can also delay the need to withdraw
from retirement accounts, which gives those savings more time to grow.
Speaker 2 (22:26):
One risk that can sneak up on folks is retiring
just as the market takes a downturn. That's called a
sequence of returns risk. It can really impact your long
term finances. Basically, withdrawing from a portfolio that's losing value
can compound your losses.
Speaker 1 (22:40):
One smart way to guard against that is to build
up a cash reserve, maybe one or two years worth
of expenses in savings or other low risk vehicles. That way,
you're not pulling them from investment accounts while they're down.
You give your investments time to recover while still covering
(23:01):
your expenses.
Speaker 2 (23:02):
Another pitfall waiting too long to start saving.
Speaker 1 (23:06):
Time really is your greatest asset. The earlier you begin saving,
the more time your money has to grow. But even
if you're in your fifties or early sixties, it's not
too late to make a difference. We have clients who
come in thinking they miss their chance, and they leave
feeling empowered.
Speaker 2 (23:27):
Tools like catch up contributions, which allow you to save
more in retirement accounts once you're fifty or older, can
really help. And sometimes it's about reducing expenses now so
you have more flexibility later.
Speaker 1 (23:39):
That might mean downsizing your home, consolidating debt, or even
holding off on big purchases. These may seem like small shifts,
but they can have a big long term impact.
Speaker 2 (23:52):
And let's not forget planning isn't just about the dollars
and cents, it's about piece of mone Knowing you're prepared
can relieve a lot lot of stress.
Speaker 1 (24:01):
So true, we say all the time, is not just
about building wealth, it's about building a life you feel
good about living. Your retirement should be a time of freedom,
not worry.
Speaker 2 (24:14):
We're going to pause here, but we'll be back in
the hour to continue this conversation. We'll talk about how
to handle rising healthcare costs, how inflation can impact your
retirement income, and the role social security can play in
a strong sustainable plan.
Speaker 1 (24:27):
So don't go anywhere. You're listening to Safe Money Strategies
with Kelly Financial Services and we'll be back in just
a bit.
Speaker 2 (24:40):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and twenty and one,
or go to Kelly Financial dot org. That's Kelly at
Kelly Financial dot org.
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