December 13, 2025 • 24 mins
This week on Forever Young, Kelly Kelly and her son William share a heartfelt conversation about preparing for the holidays. They reflect on Kelly Financial’s Christmas Drop-By and Toy Drive, the joy of spending time with clients and their families, and the inspiring generosity that filled the room. They also talk about getting ready for Christmas at home and the meaningful traditions that make this season so special.
Mike Doucette and Greg Workman take us into the world of retirement technology explaining how artificial intelligence is already embedded in many portfolios and why smart diversification still matters most for long-term confidence.
Mary Madeline Kelly and Greg Murray highlight the importance of naming a Trusted Contact on your accounts one small step that can provide added protection and peace of mind heading into the new year.
Kelly & William Return: Balancing holiday traditions with smart planning so you can enjoy Christmas without overspending in retirement.
And as always, we end the hour with a bit of Wit & Wisdom from Bill Kelly.
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.
See omnystudio.com/listener for privacy information.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 boys
(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
InCom 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 your 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 (02:07):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Young
is where I sit down with my son, William Kelly Junior,
and we talk about life, what's going on in the world,
(02:27):
in our family, and what really matters most when you're
planning for the future, sometimes as light, sometimes as thoughtful,
but as always real. Good evening, William, How are you?
Speaker 2 (02:39):
I'm great?
Speaker 1 (02:39):
Mom?
Speaker 2 (02:40):
How are you I'm.
Speaker 3 (02:40):
Doing absolutely great.
Speaker 2 (02:42):
That's good to hear, so poppy Carter and Ty are
on their way to us. I've had a slave away
in the house make sure everything was right and ready.
Oh stop, I felt like Cinderella a little bit.
Speaker 3 (02:55):
You are such a jokester, William.
Speaker 2 (02:59):
Well, I'm happy the family's coming, especially Poppy. This is
huge and he's gonna stay no for quite a while.
And earlier we were talking about an impulse buy that
you bought for Poppy and you haven't told me yet.
We're gonna wait for the show. And so here we are,
and I want to hear exactly what it is that
you've got there.
Speaker 3 (03:18):
There have been no impulse spies.
Speaker 2 (03:20):
This is Mom's excuse every single time. So first we
get like a walking assistant, so you can use the
restroom a little bit easier and you can stand up,
and then there's this massage chair that helps you stand up.
Speaker 1 (03:33):
That was definitely no impulse by. The other one was
not an impulse So we're on.
Speaker 2 (03:37):
Two impulse spies. Now we're on the third one, and
I would like to hear.
Speaker 1 (03:40):
What he has no idea. This one is a little
bit of an impulse by. I will admit that this one,
the other two were not.
Speaker 2 (03:48):
You know, it's bad if she's emitting it a little
bit later. Yeah, I want.
Speaker 4 (03:51):
To hear it.
Speaker 3 (03:52):
So what do you think it could be?
Speaker 2 (03:56):
Something related to relaxation is going to be my guess.
I don't know if that's accurate. It could be inaccurate.
Maybe TV related. I know Popu love's watching TV, loves NCIS,
he loves watching Georgia play football.
Speaker 4 (04:08):
So what is it?
Speaker 3 (04:09):
I'm curious?
Speaker 1 (04:10):
Okay, so while he is watching the Georgia Bulldogs or
one of his programs on TV, he can use his
new electric leg exercise or as.
Speaker 3 (04:23):
Scene on TV for seniors. Wow, what do you think
about that leg exercise?
Speaker 5 (04:29):
Yeah?
Speaker 3 (04:30):
It has great reviews and a lot of them.
Speaker 2 (04:33):
What does it do?
Speaker 1 (04:33):
It's elliptical, it's under the desk. It can be like
under a desk.
Speaker 3 (04:39):
And so elliptical machine for you?
Speaker 2 (04:42):
Or does he have to do?
Speaker 3 (04:43):
He has a remote control.
Speaker 1 (04:44):
I think maybe you you and Mary mav One may
like it.
Speaker 3 (04:48):
I may like it. I don't know.
Speaker 1 (04:50):
Twelve adjustable speeds really yeah?
Speaker 3 (04:55):
It also for the home office. Interesting? Yeah, well, so
what do you think do you think you'll like this gift?
Speaker 2 (05:01):
I think I think you will. I think it'll it'll
you know, kind of like bring blood flow to his
legs while he's sitting, you know what I mean.
Speaker 3 (05:08):
Yeah, So that's good. Agree, it's like a new one.
It's elliptical. That's good.
Speaker 2 (05:13):
We're upgrade in the house. I can I can use
a walker to stand up on the toilet.
Speaker 4 (05:17):
That's awesome.
Speaker 1 (05:19):
Well, we do have a couple of lowrider toilets, so
I wanted we do you know me? No, I know
I have an accommodate. But you faked Mary Madaline I out.
Speaker 2 (05:29):
Yes I did.
Speaker 3 (05:29):
I had William install them.
Speaker 2 (05:32):
Yeah. So literally they're just imagine them as normal walkers,
just with suction cups on the bottom. And I wanted
to freak everybody out. And Murray Madeline was like, wait,
so you got these these things? And I said, our
house is turning into like, you know, an elderly home.
Speaker 3 (05:47):
Oh.
Speaker 2 (05:48):
And I said, uh, Murray Madeline, I had to install
it in your bathroom. I had to drill it to
the wall as part of the instructions. And Mom and
Murray Madaline were freaking out there and I.
Speaker 1 (05:58):
Went for it and sinker, I'm thinking, I thought it
was portable, and I thought there was like a suction
like on the on the bottom.
Speaker 2 (06:08):
It was mostly it wasn't to you as mostly to
MM because Mariy Mallin, though she is a grown woman,
lives in her own place. This house is still like
her house. If you touch her room, it's over. If
you touch her bathroom, it's over. So I just wanted
to give her a little guff she fell for and
then I was like, no, it's just a normal walker.
Speaker 3 (06:27):
Yeah, they're actually really cool.
Speaker 2 (06:29):
They are.
Speaker 3 (06:29):
And they were very well priced.
Speaker 2 (06:32):
Oh yeah, super easy to set up, like I didn't
even have to look at the directions.
Speaker 3 (06:35):
It was super easy.
Speaker 1 (06:36):
I got even one other thing, the Massu No I
told you about this one, the ug bedroom shoes.
Speaker 2 (06:42):
Hey you forgot about that.
Speaker 3 (06:43):
Yeah they look they look nice.
Speaker 2 (06:45):
Rugs are comfortable, they're really soft.
Speaker 3 (06:47):
Yeah.
Speaker 2 (06:48):
So there's that. And let's see, I've been signing books
that were mailing out.
Speaker 3 (06:52):
Yes, you have so orders mailed out a ton, Yeah
we have.
Speaker 2 (06:56):
I owe Mic a copy, Charlie, Greg Workman, a lot
of folks. M Murray has his. That's right.
Speaker 3 (07:04):
So I'm just signed it. At the toy drive I
did Burlington.
Speaker 2 (07:07):
Which was a hit success. That was a lot of.
Speaker 3 (07:10):
What wonderful clients we have.
Speaker 1 (07:12):
We had so much fun talking, oh yeah, and sharing,
and everyone who was there.
Speaker 3 (07:19):
Was so generous.
Speaker 2 (07:20):
Oh yeah.
Speaker 3 (07:21):
They brought a lot of toys. They really took it serious.
Speaker 2 (07:25):
There was this one client I'm not going to say
her name, but she knows who she is if she's
listening right now. And we were having a great conversation,
and she is so thoughtful about her gifts. She was like,
I love shopping for the little kids, so much fun
shopping for others. She's like, gifts and Christmas are great
in all, but honestly, the better thing about Christmas is
going and giving, she said. So she said, you know,
(07:47):
I got this whole wooden train set. You can build
it in all sorts of ways. It was the coolest
train set. And in the back of my head, I
was like, if I was four years old and I
got this, I'd be ecstatic. This client super thoughtful. I
just thought that was really admirable to share that. And
same with all the other folks who brought gifts. They
really they brought some great gifts. I'm happy it's a
yearly thing now. Agree obviously, ladies and gentlemen, it's not over,
(08:09):
you know what I mean. Absolutely, bring toys, keep it coming. Yeah,
it's just we have a Christmas tree at both offices
and whenever you drop off a toy, we put under
the Christmas tree, I know, the one in.
Speaker 3 (08:20):
Brain, and you'll get a gift back, say a gift back.
Speaker 5 (08:23):
Yes, with my book in it, I believe, yes, yes.
Speaker 3 (08:25):
And a couple other things in there.
Speaker 2 (08:27):
That's true, so that you'll get something in return.
Speaker 3 (08:29):
As well, and maybe a hug that too. Of course,
that's right.
Speaker 1 (08:33):
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 how AI is already embedded
in your retirement portfolio and why diversification matters more than ever.
Mary Madeline Kelly and Greg Murray will explain why adding
a trusted contact is one of the simplest and most
(08:56):
important ways to protect your finances, especially as we into
a new year. William and I will be back and
we'll talk about balancing holiday traditions with inflation smart planning
so you can enjoy a meaningful Christmas without overspending and retirement.
And of course we'll close the hour with some wit
(09:16):
and wisdom from the late Bill Kelly. His words continue
to inspire and guide us. That's a wrap for forever Young.
Thank you for listening, and William, thank you for joining me.
We'll be back with more content. I love you, Honey, I.
Speaker 2 (09:32):
Love you too. Mom. Call us today at eight hundred
and eighty one or visit us online at Kellyfinancial dot
org to schedule your complimentary retirement income analysis.
Speaker 5 (09:53):
Welcome back to save money Strategies. I'm like you, said
chief operating officer at Kelly Financial.
Speaker 4 (09:59):
And I'm Greg Workman, investment advisor here at Kelly Financial Services. Tonight,
we're tackling a topic that seems to pop up in
almost every meeting lately, Artificial intelligence, or AI and what
it means for your retirement.
Speaker 5 (10:14):
Plan exactly right now. AI is everywhere. It's on the news,
on your phone, in your car, and yes, it's dominating
conversations in the investment world. We constantly hear should I
invest in AI? Or am I missing out on the
AI boom?
Speaker 4 (10:31):
Behind those questions is an emotional fear of missing out.
People see headlines about companies like Nvidia jumping two hundred percent,
three hundred percent, sometimes more. It's natural to wonder whether
you too should be piling it.
Speaker 5 (10:44):
But here's our position, and it might surprise you. Most
retirees are already heavily exposed to AI, even if they've
never intentionally invested in an AI stock.
Speaker 4 (10:56):
That's the key point. AI isn't like biotech, energy, or
any other sector where you can neatly draw a box
around it. AI is now embedded across almost every industry.
Speaker 5 (11:10):
Look at your average diversified mutual fund or ETF. The
top holdings almost always include Apple, Microsoft, Amazon, Alphabet Meta.
Guess what. Every single one of these companies uses AI
deeply in their operations.
Speaker 4 (11:26):
Even companies you wouldn't immediately associate with TECH like Home Depot, Walmart,
John Deere Ups. Those companies are using AI for logistics, forecasting, automation,
and productivity enhancement.
Speaker 5 (11:39):
So when a client asks should I invest in AI,
the truth is you already have.
Speaker 2 (11:46):
If you own a.
Speaker 5 (11:46):
Well diversified portfolio of large cap stocks, index funds, or
balanced funds, AI exposure is built in.
Speaker 4 (11:54):
Now. That doesn't mean individual AI leaders are not exciting.
Nvidia is a monster, AMD, Broadcom, super Micro. They've all
benefited from AI infrastructure spending.
Speaker 5 (12:05):
But most retirees aren't trying to swing for the fences.
They're trying to maintain steady income. They want to reduce volatility,
protect principle, and make sure the money lasts for thirty years.
Speaker 4 (12:18):
And that's where concentration risk becomes a problem. You don't
want your retirement dependent upon whether one single high octane
stock has a good quarter, bad quarter, goodyear, bad year.
Speaker 5 (12:33):
Look back at history Cisco in two thousand, Amazon in
two thousand and one, Intel in the early two thousands.
Tesla's wild swings metadropping seventy percent in one year. Innovative
companies can still be extremely volatile.
Speaker 4 (12:48):
You don't want to take that kind of roller coaster
ride with your retirement income.
Speaker 5 (12:53):
Let's bring in a rail client example. We'll call them
Tom and Linda, both retired mid sixties. They came in
recently excited about AI investing.
Speaker 4 (13:03):
They'd seen the headlines, they saw in Vidia up hundreds
of percent, and they asked a classic question, are we
missing out?
Speaker 5 (13:12):
We walked them through their actual portfolio, a broadly diversified
mix of US large cap funds, some mid and small caps.
They had international exposure, a high quality bond sleeve, dividend payers,
and alternatives for stability.
Speaker 4 (13:28):
When we drilled into their fund holdings. Guess what we found.
Their large cap fund already had Microsoft as the number
one position, Apple always in a top three, Amazon, Google,
and Vidia Broadcom in the top ten.
Speaker 5 (13:45):
Their portfolio had about twenty two percent exposure to companies
whose growth strategies are primarily driven by AI adoption and infrastructure.
That's a significant exposure without ever picking a single stock.
Speaker 4 (13:58):
Tom and Linda laughed. They said, we didn't realize we
were already AI investors.
Speaker 5 (14:04):
And more importantly, they were AI investors without the risk
of being overly concentrated in one stock. Please remember, individual
investment objectives, circumstances, and needs will vary. Individual securities mentioned
should not be construed as investment advice.
Speaker 4 (14:21):
There's no doubt AI is transformative, no question about it.
It's changing how companies forecast, revenue, build products, analyze data,
how they market to consumers, how they manage supply chains,
and how they automate repetitive work.
Speaker 5 (14:39):
But here's the disconnect. We see AI is changing the
world faster than anyone expected, but that doesn't mean you
should radically change your retirement portfolio.
Speaker 4 (14:49):
Productivity booms do create long term economic benefits, but they
also create short term media.
Speaker 5 (14:57):
Think about the late nineteen nineties. The inter was truly revolutionary,
but that didn't start many Internet stocks from losing eighty
to one hundred percent of their value when the bubble burst.
Speaker 4 (15:09):
That's why retirees need a balanced, disciplined approach. You want
to benefit from AI's long term influence without exposing yourself
to the volatility that often accompanies these transformational trends.
Speaker 5 (15:24):
The beauty of a diversified portfolio is that you get
the aiitilwind through hundreds of companies.
Speaker 4 (15:30):
Exactly, instead of betting on a single sector leader, you
own the chip makers, the cloud builders, the software innovators,
the data companies, the automation providers, and the traditional companies
using artificial intelligence to boost their profits.
Speaker 5 (15:47):
You get the potential for winners without having to predict
which companies will dominate five years from now.
Speaker 4 (15:53):
And meanwhile, the rest of your portfolio bonds, dividend stocks,
defensive equities. Those components help keep your volatility or the
ups and downs, manageable.
Speaker 5 (16:04):
We always ask clients the sleep test. Could you sleep
at night if twenty five percent of your portfolio was
tied to a single stock, even if it's the next
big thing.
Speaker 4 (16:14):
Most retirees say no, and that's why we aim to
build portfolios that give you AI exposure without sacrificing stability.
Speaker 5 (16:24):
You don't have to choose between innovation and diversification. You
can have both, just in the proportions designed to work
for your situation.
Speaker 4 (16:33):
When we come back, we're going to talk about how
AI influences market valuations, why diversification is more important in
the AI era than ever before, specific steps today's retirees
can take to build AI exposure in their investment portfolio responsibly.
(16:55):
And we'll wrap with another client story, someone who is
overexposed to AI without even realizing it.
Speaker 5 (17:03):
And we'll share how to get your free copy of
our Safe Money Strategies Retirement workbook. Stick with us, we'll.
Speaker 2 (17:09):
Be right back. Hi. Everyone, this is William Kelly. If
you've ever wished you'd learned about money sooner, that's why
I wrote Only the Good invest Young, a simple, encouraging
guide with real world steps anyone can follow. I kept
seeing the same thing people wishing someone had explained the
basics earlier. How to save, build good habits, avoid costly mistakes,
(17:33):
and create momentum even when you're starting small, whether you're
eighteen or eighty. This book is about confidence, clarity, and
taking action. And with the holidays coming up, only the
good invest young makes a great Christmas gift for a child,
a grandchild, or anyone who needs that nudge to start strong.
For our listeners, we're sending out complimentary copies. Just call
(17:55):
eight eight eight eight hundred twenty eight one or email
Kelly at Kellyfinancial dot org and we'll send you one
at no charge. You can also purchase a softcover on
Amazon or an ebook on Kendall. I'm William Kelly, and
I hope this book helps someone you love to take
their first step.
Speaker 1 (18:13):
Good evening and welcome back to save money Strategies. I'm
Kelly Kelly here with my son William Kelly. We are
in the heart of the holiday season now, and if
you're like so many retirees we speak with every week,
you may be noticing that you're a holiday budget doesn't
just stretch like it used to. Things feel more expensive
(18:37):
because they are more expensive exactly.
Speaker 2 (18:41):
Groceries are a big one. People tell us all the time.
We used to do a huge Christmas dinner and it
didn't take so much planning. And now even the basics turkey, vegetables, desserts.
They all add up quickly.
Speaker 1 (18:54):
And then comes gifts and travel and postage and holiday events.
It can all get overwhelming if there isn't a plan.
But here's the good news. The real heart of the
holidays has never been about price tags or pressure, has
always been about connection.
Speaker 2 (19:14):
And retirees, especially grandparents, often feel obligated to go all out.
They want to make everything magical, but the truth is
the most meaningful parts of Christmas are rarely the most expensive.
Speaker 3 (19:26):
That's right.
Speaker 1 (19:27):
There are studies that show people remember the experiences that
things we repeat year after year far more than they
remember what they unwrapped. So a powerful mindset shift can
be simply saying our goal this year is connection, not consumption.
Speaker 2 (19:47):
And that mindset actually helps you enjoy the season more.
There's less stress, less guill less comparison to what others
are doing. You get to be present instead of feeling pressure.
Speaker 1 (19:58):
And retirees are the ones who really set the tone
for the family. If you keep things simple and love centered,
everyone else follows your lead, and when you communicate that
clearly early in the season, it helps align expectations. People
breathe a little easier.
Speaker 2 (20:17):
One practical idea is rotating responsibilities. If decorating the entire
house or hosting the whole dinner is becoming physically or
financially tougher, someone else can take turn. Traditions aren't ruined
when they change, They simply evolve, and that's.
Speaker 1 (20:32):
A beautiful point for retirees to remember. A tradition doesn't
have to look the same every year to be meaningful.
Sometimes simplifying makes it better. It makes it more doable.
For example, instead of hosting a huge meal, turn it
into a pot luck. You provide the core dish and
(20:53):
everyone else brings sides or desserts. It costs less, there's
less work and everyone and contributes to the joy.
Speaker 2 (21:02):
Or choose activity based traditions that almost cost nothing. A
family game night, driving around the neighborhood to look at lights,
putting on Christmas music, and decorating together, printing old photos
and telling stories behind them. It's simple but.
Speaker 1 (21:16):
Powerful, and one of the biggest opportunities for retirees to
stay on budget is gifting. Gifts do not have to
be expensive to be meaningful. A handwritten note, a framed picture,
a favorite book you already own and want to pass down,
a recipe card in your own handwriting. That's legacy, that's love,
(21:40):
and the family will cherish it.
Speaker 2 (21:42):
Another thing that helps set a family gift plan. Maybe
it's kids only, Maybe it's drawing names, maybe it's setting
a smaller dollar limit so no one feels pressure. These
decisions protect the joy and the budget, because.
Speaker 1 (21:55):
Let's be honest, the holidays should not jeopardize retirement savings.
You worked hard to build the future you have today.
Overspending for a single month shouldn't disrupt a plan that
needs to last twenty to thirty years.
Speaker 2 (22:10):
Absolutely, that's why planning matters so much for retirees. Prices
are still elevated, and inflation doesn't just hit during December.
It's impacting spending all your long So making smart decisions
now really does support a secure, confident retirement later.
Speaker 1 (22:27):
And financial stress, especially at the holidays, can take away
from what really matters. You want to enjoy the grandchildren.
You want to laugh, relax, worship, celebrate, and reflect. Those
are the moments that make this time special. When you
have a plan, your mind is free to be present.
Speaker 2 (22:50):
So here's a question for all of those listening. What
is the one thing you could simplify this year. That
would make the holiday feel lighter and more intentional. Just
one thing, it can make all the difference.
Speaker 1 (23:01):
And if you're thinking we could simplify, but we still
want to feel secure financially, that's where a conversation with
a fiduciary advisor can help. We help retirees every day
understand where their income is coming from and how to
protect their purchasing power, not just this Christmas, but five, ten,
(23:24):
twenty years from now. Because when inflation pushes up the
cost of food, travel, gifts, all the things retirees regularly
spend money on, you deserve a plan that keeps up.
Speaker 2 (23:37):
And to make that easier, we have a free guide
that many of you already requested, Inflation and your Retirement.
It explains why every day essentials cost more for retirees,
how inflation quietly chips away at buying power, Simple steps
to strengthen your retirement income strategy, Ways to stay financially
confident when prices rise.
Speaker 1 (23:57):
It's an easy, practical read, and you'll finish it feeling
more informed and more empowered. And we'd love to get
a copy in your hands today. To request your free guide,
call us at eight eight eight eight hundred eighteen eighty
one or email Kelly at Kellyfinancial dot org.
Speaker 2 (24:18):
Stay with us, because coming up next, we're going to
take this conversation even deeper. We're talking frugal celebrations, creative gifting,
and smart financial moves that help protect peace of mind
during the holidays.
Speaker 1 (24:31):
More insights coming your way. Next, you're listening to safe
Money Strategies right here on.
Speaker 2 (24:38):
WBZ Safe Money Strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred and twenty
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 boys
(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
InCom 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 your 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 (02:07):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Young
is where I sit down with my son, William Kelly Junior,
and we talk about life, what's going on in the world,
(02:27):
in our family, and what really matters most when you're
planning for the future, sometimes as light, sometimes as thoughtful,
but as always real. Good evening, William, How are you?
Speaker 2 (02:39):
I'm great?
Speaker 1 (02:39):
Mom?
Speaker 2 (02:40):
How are you I'm.
Speaker 3 (02:40):
Doing absolutely great.
Speaker 2 (02:42):
That's good to hear, so poppy Carter and Ty are
on their way to us. I've had a slave away
in the house make sure everything was right and ready.
Oh stop, I felt like Cinderella a little bit.
Speaker 3 (02:55):
You are such a jokester, William.
Speaker 2 (02:59):
Well, I'm happy the family's coming, especially Poppy. This is
huge and he's gonna stay no for quite a while.
And earlier we were talking about an impulse buy that
you bought for Poppy and you haven't told me yet.
We're gonna wait for the show. And so here we are,
and I want to hear exactly what it is that
you've got there.
Speaker 3 (03:18):
There have been no impulse spies.
Speaker 2 (03:20):
This is Mom's excuse every single time. So first we
get like a walking assistant, so you can use the
restroom a little bit easier and you can stand up,
and then there's this massage chair that helps you stand up.
Speaker 1 (03:33):
That was definitely no impulse by. The other one was
not an impulse So we're on.
Speaker 2 (03:37):
Two impulse spies. Now we're on the third one, and
I would like to hear.
Speaker 1 (03:40):
What he has no idea. This one is a little
bit of an impulse by. I will admit that this one,
the other two were not.
Speaker 2 (03:48):
You know, it's bad if she's emitting it a little
bit later. Yeah, I want.
Speaker 4 (03:51):
To hear it.
Speaker 3 (03:52):
So what do you think it could be?
Speaker 2 (03:56):
Something related to relaxation is going to be my guess.
I don't know if that's accurate. It could be inaccurate.
Maybe TV related. I know Popu love's watching TV, loves NCIS,
he loves watching Georgia play football.
Speaker 4 (04:08):
So what is it?
Speaker 3 (04:09):
I'm curious?
Speaker 1 (04:10):
Okay, so while he is watching the Georgia Bulldogs or
one of his programs on TV, he can use his
new electric leg exercise or as.
Speaker 3 (04:23):
Scene on TV for seniors. Wow, what do you think
about that leg exercise?
Speaker 5 (04:29):
Yeah?
Speaker 3 (04:30):
It has great reviews and a lot of them.
Speaker 2 (04:33):
What does it do?
Speaker 1 (04:33):
It's elliptical, it's under the desk. It can be like
under a desk.
Speaker 3 (04:39):
And so elliptical machine for you?
Speaker 2 (04:42):
Or does he have to do?
Speaker 3 (04:43):
He has a remote control.
Speaker 1 (04:44):
I think maybe you you and Mary mav One may
like it.
Speaker 3 (04:48):
I may like it. I don't know.
Speaker 1 (04:50):
Twelve adjustable speeds really yeah?
Speaker 3 (04:55):
It also for the home office. Interesting? Yeah, well, so
what do you think do you think you'll like this gift?
Speaker 2 (05:01):
I think I think you will. I think it'll it'll
you know, kind of like bring blood flow to his
legs while he's sitting, you know what I mean.
Speaker 3 (05:08):
Yeah, So that's good. Agree, it's like a new one.
It's elliptical. That's good.
Speaker 2 (05:13):
We're upgrade in the house. I can I can use
a walker to stand up on the toilet.
Speaker 4 (05:17):
That's awesome.
Speaker 1 (05:19):
Well, we do have a couple of lowrider toilets, so
I wanted we do you know me? No, I know
I have an accommodate. But you faked Mary Madaline I out.
Speaker 2 (05:29):
Yes I did.
Speaker 3 (05:29):
I had William install them.
Speaker 2 (05:32):
Yeah. So literally they're just imagine them as normal walkers,
just with suction cups on the bottom. And I wanted
to freak everybody out. And Murray Madeline was like, wait,
so you got these these things? And I said, our
house is turning into like, you know, an elderly home.
Speaker 3 (05:47):
Oh.
Speaker 2 (05:48):
And I said, uh, Murray Madeline, I had to install
it in your bathroom. I had to drill it to
the wall as part of the instructions. And Mom and
Murray Madaline were freaking out there and I.
Speaker 1 (05:58):
Went for it and sinker, I'm thinking, I thought it
was portable, and I thought there was like a suction
like on the on the bottom.
Speaker 2 (06:08):
It was mostly it wasn't to you as mostly to
MM because Mariy Mallin, though she is a grown woman,
lives in her own place. This house is still like
her house. If you touch her room, it's over. If
you touch her bathroom, it's over. So I just wanted
to give her a little guff she fell for and
then I was like, no, it's just a normal walker.
Speaker 3 (06:27):
Yeah, they're actually really cool.
Speaker 2 (06:29):
They are.
Speaker 3 (06:29):
And they were very well priced.
Speaker 2 (06:32):
Oh yeah, super easy to set up, like I didn't
even have to look at the directions.
Speaker 3 (06:35):
It was super easy.
Speaker 1 (06:36):
I got even one other thing, the Massu No I
told you about this one, the ug bedroom shoes.
Speaker 2 (06:42):
Hey you forgot about that.
Speaker 3 (06:43):
Yeah they look they look nice.
Speaker 2 (06:45):
Rugs are comfortable, they're really soft.
Speaker 3 (06:47):
Yeah.
Speaker 2 (06:48):
So there's that. And let's see, I've been signing books
that were mailing out.
Speaker 3 (06:52):
Yes, you have so orders mailed out a ton, Yeah
we have.
Speaker 2 (06:56):
I owe Mic a copy, Charlie, Greg Workman, a lot
of folks. M Murray has his. That's right.
Speaker 3 (07:04):
So I'm just signed it. At the toy drive I
did Burlington.
Speaker 2 (07:07):
Which was a hit success. That was a lot of.
Speaker 3 (07:10):
What wonderful clients we have.
Speaker 1 (07:12):
We had so much fun talking, oh yeah, and sharing,
and everyone who was there.
Speaker 3 (07:19):
Was so generous.
Speaker 2 (07:20):
Oh yeah.
Speaker 3 (07:21):
They brought a lot of toys. They really took it serious.
Speaker 2 (07:25):
There was this one client I'm not going to say
her name, but she knows who she is if she's
listening right now. And we were having a great conversation,
and she is so thoughtful about her gifts. She was like,
I love shopping for the little kids, so much fun
shopping for others. She's like, gifts and Christmas are great
in all, but honestly, the better thing about Christmas is
going and giving, she said. So she said, you know,
(07:47):
I got this whole wooden train set. You can build
it in all sorts of ways. It was the coolest
train set. And in the back of my head, I
was like, if I was four years old and I
got this, I'd be ecstatic. This client super thoughtful. I
just thought that was really admirable to share that. And
same with all the other folks who brought gifts. They
really they brought some great gifts. I'm happy it's a
yearly thing now. Agree obviously, ladies and gentlemen, it's not over,
(08:09):
you know what I mean. Absolutely, bring toys, keep it coming. Yeah,
it's just we have a Christmas tree at both offices
and whenever you drop off a toy, we put under
the Christmas tree, I know, the one in.
Speaker 3 (08:20):
Brain, and you'll get a gift back, say a gift back.
Speaker 5 (08:23):
Yes, with my book in it, I believe, yes, yes.
Speaker 3 (08:25):
And a couple other things in there.
Speaker 2 (08:27):
That's true, so that you'll get something in return.
Speaker 3 (08:29):
As well, and maybe a hug that too. Of course,
that's right.
Speaker 1 (08:33):
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 how AI is already embedded
in your retirement portfolio and why diversification matters more than ever.
Mary Madeline Kelly and Greg Murray will explain why adding
a trusted contact is one of the simplest and most
(08:56):
important ways to protect your finances, especially as we into
a new year. William and I will be back and
we'll talk about balancing holiday traditions with inflation smart planning
so you can enjoy a meaningful Christmas without overspending and retirement.
And of course we'll close the hour with some wit
(09:16):
and wisdom from the late Bill Kelly. His words continue
to inspire and guide us. That's a wrap for forever Young.
Thank you for listening, and William, thank you for joining me.
We'll be back with more content. I love you, Honey, I.
Speaker 2 (09:32):
Love you too. Mom. Call us today at eight hundred
and eighty one or visit us online at Kellyfinancial dot
org to schedule your complimentary retirement income analysis.
Speaker 5 (09:53):
Welcome back to save money Strategies. I'm like you, said
chief operating officer at Kelly Financial.
Speaker 4 (09:59):
And I'm Greg Workman, investment advisor here at Kelly Financial Services. Tonight,
we're tackling a topic that seems to pop up in
almost every meeting lately, Artificial intelligence, or AI and what
it means for your retirement.
Speaker 5 (10:14):
Plan exactly right now. AI is everywhere. It's on the news,
on your phone, in your car, and yes, it's dominating
conversations in the investment world. We constantly hear should I
invest in AI? Or am I missing out on the
AI boom?
Speaker 4 (10:31):
Behind those questions is an emotional fear of missing out.
People see headlines about companies like Nvidia jumping two hundred percent,
three hundred percent, sometimes more. It's natural to wonder whether
you too should be piling it.
Speaker 5 (10:44):
But here's our position, and it might surprise you. Most
retirees are already heavily exposed to AI, even if they've
never intentionally invested in an AI stock.
Speaker 4 (10:56):
That's the key point. AI isn't like biotech, energy, or
any other sector where you can neatly draw a box
around it. AI is now embedded across almost every industry.
Speaker 5 (11:10):
Look at your average diversified mutual fund or ETF. The
top holdings almost always include Apple, Microsoft, Amazon, Alphabet Meta.
Guess what. Every single one of these companies uses AI
deeply in their operations.
Speaker 4 (11:26):
Even companies you wouldn't immediately associate with TECH like Home Depot, Walmart,
John Deere Ups. Those companies are using AI for logistics, forecasting, automation,
and productivity enhancement.
Speaker 5 (11:39):
So when a client asks should I invest in AI,
the truth is you already have.
Speaker 2 (11:46):
If you own a.
Speaker 5 (11:46):
Well diversified portfolio of large cap stocks, index funds, or
balanced funds, AI exposure is built in.
Speaker 4 (11:54):
Now. That doesn't mean individual AI leaders are not exciting.
Nvidia is a monster, AMD, Broadcom, super Micro. They've all
benefited from AI infrastructure spending.
Speaker 5 (12:05):
But most retirees aren't trying to swing for the fences.
They're trying to maintain steady income. They want to reduce volatility,
protect principle, and make sure the money lasts for thirty years.
Speaker 4 (12:18):
And that's where concentration risk becomes a problem. You don't
want your retirement dependent upon whether one single high octane
stock has a good quarter, bad quarter, goodyear, bad year.
Speaker 5 (12:33):
Look back at history Cisco in two thousand, Amazon in
two thousand and one, Intel in the early two thousands.
Tesla's wild swings metadropping seventy percent in one year. Innovative
companies can still be extremely volatile.
Speaker 4 (12:48):
You don't want to take that kind of roller coaster
ride with your retirement income.
Speaker 5 (12:53):
Let's bring in a rail client example. We'll call them
Tom and Linda, both retired mid sixties. They came in
recently excited about AI investing.
Speaker 4 (13:03):
They'd seen the headlines, they saw in Vidia up hundreds
of percent, and they asked a classic question, are we
missing out?
Speaker 5 (13:12):
We walked them through their actual portfolio, a broadly diversified
mix of US large cap funds, some mid and small caps.
They had international exposure, a high quality bond sleeve, dividend payers,
and alternatives for stability.
Speaker 4 (13:28):
When we drilled into their fund holdings. Guess what we found.
Their large cap fund already had Microsoft as the number
one position, Apple always in a top three, Amazon, Google,
and Vidia Broadcom in the top ten.
Speaker 5 (13:45):
Their portfolio had about twenty two percent exposure to companies
whose growth strategies are primarily driven by AI adoption and infrastructure.
That's a significant exposure without ever picking a single stock.
Speaker 4 (13:58):
Tom and Linda laughed. They said, we didn't realize we
were already AI investors.
Speaker 5 (14:04):
And more importantly, they were AI investors without the risk
of being overly concentrated in one stock. Please remember, individual
investment objectives, circumstances, and needs will vary. Individual securities mentioned
should not be construed as investment advice.
Speaker 4 (14:21):
There's no doubt AI is transformative, no question about it.
It's changing how companies forecast, revenue, build products, analyze data,
how they market to consumers, how they manage supply chains,
and how they automate repetitive work.
Speaker 5 (14:39):
But here's the disconnect. We see AI is changing the
world faster than anyone expected, but that doesn't mean you
should radically change your retirement portfolio.
Speaker 4 (14:49):
Productivity booms do create long term economic benefits, but they
also create short term media.
Speaker 5 (14:57):
Think about the late nineteen nineties. The inter was truly revolutionary,
but that didn't start many Internet stocks from losing eighty
to one hundred percent of their value when the bubble burst.
Speaker 4 (15:09):
That's why retirees need a balanced, disciplined approach. You want
to benefit from AI's long term influence without exposing yourself
to the volatility that often accompanies these transformational trends.
Speaker 5 (15:24):
The beauty of a diversified portfolio is that you get
the aiitilwind through hundreds of companies.
Speaker 4 (15:30):
Exactly, instead of betting on a single sector leader, you
own the chip makers, the cloud builders, the software innovators,
the data companies, the automation providers, and the traditional companies
using artificial intelligence to boost their profits.
Speaker 5 (15:47):
You get the potential for winners without having to predict
which companies will dominate five years from now.
Speaker 4 (15:53):
And meanwhile, the rest of your portfolio bonds, dividend stocks,
defensive equities. Those components help keep your volatility or the
ups and downs, manageable.
Speaker 5 (16:04):
We always ask clients the sleep test. Could you sleep
at night if twenty five percent of your portfolio was
tied to a single stock, even if it's the next
big thing.
Speaker 4 (16:14):
Most retirees say no, and that's why we aim to
build portfolios that give you AI exposure without sacrificing stability.
Speaker 5 (16:24):
You don't have to choose between innovation and diversification. You
can have both, just in the proportions designed to work
for your situation.
Speaker 4 (16:33):
When we come back, we're going to talk about how
AI influences market valuations, why diversification is more important in
the AI era than ever before, specific steps today's retirees
can take to build AI exposure in their investment portfolio responsibly.
(16:55):
And we'll wrap with another client story, someone who is
overexposed to AI without even realizing it.
Speaker 5 (17:03):
And we'll share how to get your free copy of
our Safe Money Strategies Retirement workbook. Stick with us, we'll.
Speaker 2 (17:09):
Be right back. Hi. Everyone, this is William Kelly. If
you've ever wished you'd learned about money sooner, that's why
I wrote Only the Good invest Young, a simple, encouraging
guide with real world steps anyone can follow. I kept
seeing the same thing people wishing someone had explained the
basics earlier. How to save, build good habits, avoid costly mistakes,
(17:33):
and create momentum even when you're starting small, whether you're
eighteen or eighty. This book is about confidence, clarity, and
taking action. And with the holidays coming up, only the
good invest young makes a great Christmas gift for a child,
a grandchild, or anyone who needs that nudge to start strong.
For our listeners, we're sending out complimentary copies. Just call
(17:55):
eight eight eight eight hundred twenty eight one or email
Kelly at Kellyfinancial dot org and we'll send you one
at no charge. You can also purchase a softcover on
Amazon or an ebook on Kendall. I'm William Kelly, and
I hope this book helps someone you love to take
their first step.
Speaker 1 (18:13):
Good evening and welcome back to save money Strategies. I'm
Kelly Kelly here with my son William Kelly. We are
in the heart of the holiday season now, and if
you're like so many retirees we speak with every week,
you may be noticing that you're a holiday budget doesn't
just stretch like it used to. Things feel more expensive
(18:37):
because they are more expensive exactly.
Speaker 2 (18:41):
Groceries are a big one. People tell us all the time.
We used to do a huge Christmas dinner and it
didn't take so much planning. And now even the basics turkey, vegetables, desserts.
They all add up quickly.
Speaker 1 (18:54):
And then comes gifts and travel and postage and holiday events.
It can all get overwhelming if there isn't a plan.
But here's the good news. The real heart of the
holidays has never been about price tags or pressure, has
always been about connection.
Speaker 2 (19:14):
And retirees, especially grandparents, often feel obligated to go all out.
They want to make everything magical, but the truth is
the most meaningful parts of Christmas are rarely the most expensive.
Speaker 3 (19:26):
That's right.
Speaker 1 (19:27):
There are studies that show people remember the experiences that
things we repeat year after year far more than they
remember what they unwrapped. So a powerful mindset shift can
be simply saying our goal this year is connection, not consumption.
Speaker 2 (19:47):
And that mindset actually helps you enjoy the season more.
There's less stress, less guill less comparison to what others
are doing. You get to be present instead of feeling pressure.
Speaker 1 (19:58):
And retirees are the ones who really set the tone
for the family. If you keep things simple and love centered,
everyone else follows your lead, and when you communicate that
clearly early in the season, it helps align expectations. People
breathe a little easier.
Speaker 2 (20:17):
One practical idea is rotating responsibilities. If decorating the entire
house or hosting the whole dinner is becoming physically or
financially tougher, someone else can take turn. Traditions aren't ruined
when they change, They simply evolve, and that's.
Speaker 1 (20:32):
A beautiful point for retirees to remember. A tradition doesn't
have to look the same every year to be meaningful.
Sometimes simplifying makes it better. It makes it more doable.
For example, instead of hosting a huge meal, turn it
into a pot luck. You provide the core dish and
(20:53):
everyone else brings sides or desserts. It costs less, there's
less work and everyone and contributes to the joy.
Speaker 2 (21:02):
Or choose activity based traditions that almost cost nothing. A
family game night, driving around the neighborhood to look at lights,
putting on Christmas music, and decorating together, printing old photos
and telling stories behind them. It's simple but.
Speaker 1 (21:16):
Powerful, and one of the biggest opportunities for retirees to
stay on budget is gifting. Gifts do not have to
be expensive to be meaningful. A handwritten note, a framed picture,
a favorite book you already own and want to pass down,
a recipe card in your own handwriting. That's legacy, that's love,
(21:40):
and the family will cherish it.
Speaker 2 (21:42):
Another thing that helps set a family gift plan. Maybe
it's kids only, Maybe it's drawing names, maybe it's setting
a smaller dollar limit so no one feels pressure. These
decisions protect the joy and the budget, because.
Speaker 1 (21:55):
Let's be honest, the holidays should not jeopardize retirement savings.
You worked hard to build the future you have today.
Overspending for a single month shouldn't disrupt a plan that
needs to last twenty to thirty years.
Speaker 2 (22:10):
Absolutely, that's why planning matters so much for retirees. Prices
are still elevated, and inflation doesn't just hit during December.
It's impacting spending all your long So making smart decisions
now really does support a secure, confident retirement later.
Speaker 1 (22:27):
And financial stress, especially at the holidays, can take away
from what really matters. You want to enjoy the grandchildren.
You want to laugh, relax, worship, celebrate, and reflect. Those
are the moments that make this time special. When you
have a plan, your mind is free to be present.
Speaker 2 (22:50):
So here's a question for all of those listening. What
is the one thing you could simplify this year. That
would make the holiday feel lighter and more intentional. Just
one thing, it can make all the difference.
Speaker 1 (23:01):
And if you're thinking we could simplify, but we still
want to feel secure financially, that's where a conversation with
a fiduciary advisor can help. We help retirees every day
understand where their income is coming from and how to
protect their purchasing power, not just this Christmas, but five, ten,
(23:24):
twenty years from now. Because when inflation pushes up the
cost of food, travel, gifts, all the things retirees regularly
spend money on, you deserve a plan that keeps up.
Speaker 2 (23:37):
And to make that easier, we have a free guide
that many of you already requested, Inflation and your Retirement.
It explains why every day essentials cost more for retirees,
how inflation quietly chips away at buying power, Simple steps
to strengthen your retirement income strategy, Ways to stay financially
confident when prices rise.
Speaker 1 (23:57):
It's an easy, practical read, and you'll finish it feeling
more informed and more empowered. And we'd love to get
a copy in your hands today. To request your free guide,
call us at eight eight eight eight hundred eighteen eighty
one or email Kelly at Kellyfinancial dot org.
Speaker 2 (24:18):
Stay with us, because coming up next, we're going to
take this conversation even deeper. We're talking frugal celebrations, creative gifting,
and smart financial moves that help protect peace of mind
during the holidays.
Speaker 1 (24:31):
More insights coming your way. Next, you're listening to safe
Money Strategies right here on.
Speaker 2 (24:38):
WBZ Safe Money Strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred and twenty
one or go to Kelly Financial dot org. That's Kelly
at Kelly Financial dot org.
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