October 11, 2025 • 27 mins
This week on Safe Money Strategies, Kelly and William open the show with Forever Young - a warm, lighthearted conversation about family life, featuring stories about a new puppy, a few laughs about sibling rivalry, and the moments that remind us what really matters. It's a fun and relatable start to an hour that balances family, finances, and fall reflection.
Then, our advisors tum their focus to what's next from the Federal Reserve. They discuss the upcoming October meeting and what potential rate cuts could mean for inflation, the job market, and your investments as we move toward year-end.
Later, the discussion shifts to one of the most important questions for retirees - how to make your money last a lifetime. The team explores strategies to help protect against outliving your savings and create reliable income in retirement.
Kelly and William close the show with The October Check-Up - a timely look at how to get your finances ready for the end of the year, plus thoughtful insight on how parents and grandparents can start meaningful family conversations about money and values.
The hour concludes with Wit and Wisdom from Bill Kelly, honoring his timeless words and lasting legacy.
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.
Then, our advisors tum their focus to what's next from the Federal Reserve. They discuss the upcoming October meeting and what potential rate cuts could mean for inflation, the job market, and your investments as we move toward year-end.
Later, the discussion shifts to one of the most important questions for retirees - how to make your money last a lifetime. The team explores strategies to help protect against outliving your savings and create reliable income in retirement.
Kelly and William close the show with The October Check-Up - a timely look at how to get your finances ready for the end of the year, plus thoughtful insight on how parents and grandparents can start meaningful family conversations about money and values.
The hour concludes with Wit and Wisdom from Bill Kelly, honoring his timeless words and lasting legacy.
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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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Discover safe money strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred one eighty
one or visit Kelly Financial dot org.
Speaker 2 (00:14):
Hello, this is Dreg Murray, Senior vice president and Chief
Compliance Officer at Kelly Financial Services. Join me this evening.
Is Mary Madeline Kelly, one of our wealth advisors. How
are you doing tonight?
Speaker 3 (00:23):
Hi?
Speaker 4 (00:23):
Greg, I am doing great. A recent girls trip to
Florida was the pickup I needed as we entered into
a new season.
Speaker 2 (00:30):
It's always a fun time escaping the cooler weather and
season change to keep summer going for a little bit longer,
which is a good segue into our topic for tonight,
outliving your money.
Speaker 4 (00:39):
I'm glad we're talking about this topic because it's something
a lot of retirees don't think about enough. Longevity risk,
in other words, the risk of outliving your money if
you live to age ninety five or even longer.
Speaker 3 (00:50):
That's right.
Speaker 2 (00:51):
When people picture retirement, they might be thinking about a
ten or fifteen year stretch, but with advances in medicine
and healthier lifestyles, many people are living twenty five or
even thirty years after they stop working. That's wonderful news,
but it also increases financial challenges exactly.
Speaker 4 (01:06):
Here's the way I like to put it. You can't
plan for retirement as if it's a long vacation. You
have to plan as if it's another third of your life,
and that means making sure your money stretches.
Speaker 2 (01:16):
So let's break down why longevity risk matters. If you
retire at sixty five and live until ninety five, that's
thirty years of expenses. Think about what changes in thirty years.
Prices go up, healthcare needs increase, and unexpected cost pop pop.
Without planning, even a healthy retirement nesttag can start to
look smaller than you'd like.
Speaker 4 (01:33):
And it's not just about the money you spend on
fun things like travel. The biggest wildcard is healthcare. There
are estimates that a sixty five year old couple retiring
today may need close to three hundred thousand dollars just
for medical expenses in retirement, and that doesn't even include
long term care.
Speaker 2 (01:49):
That's a huge number. So how do we plan for
longevity risk? The first step is identifying what income sources
you know you'll have, things like social Security, pensions or
rental income. Then compare that to your actual expenses. If
there's a gap, that's where we need to strategize.
Speaker 4 (02:04):
One approach is to create guaranteed income streams. That might
mean annuities that provide lifetime payments or other tools that
make sure you have a retirement paycheck coming in no
matter how long you live. That way, you're not relying
only on market performance.
Speaker 2 (02:19):
And another strategy is being thoughtful about when to take
Social Security. If you wait until late seventy, your monthly
benefit could be thirty percent higher than if you take
it at sixty two. That bigger check can make a
huge difference if you live into your nineties.
Speaker 4 (02:31):
That's a great point. Another part of planning is how
you withdraw from your savings. Without a plan, people sometimes
take too much too early and then struggle later. Setting
a withdrawal strategy, whether that's the four percent guideline or
a more personalized plan, can help keep your money working
for you.
Speaker 2 (02:48):
And don't forget about inflation. Over thirty years, the cost
of everyday items doubles or even triples. A gallon of milk,
a tank of gas, your utility built. Those things will
not stay the same. That's why even in retirement, you
still it'll need some growth investment to keep pace with
rising prices.
Speaker 4 (03:03):
A balanced portfolio is key. It's not about going all
in on stocks or sitting entirely in cash. It's about
finding that mix of growth, income, and safety that matches
your lifestyle and risk tolerance.
Speaker 2 (03:14):
And I think mindset plays a role too. We often
tell clients, don't plan to just get to retirement, plan
to thrive through retirement. If you plan as if you'll
live to ninety five or beyond, you're covering all your bases.
Even if you don't make it that far, you're still
financially secure exactly.
Speaker 4 (03:29):
And let's be honest, running out of money is one
of the biggest fears people have. But with the right plan,
you can reduce that fear. You can know that no
matter how long you live, you'll be okay.
Speaker 2 (03:39):
So here's the takeaway for our listeners tonight. Longevity is
a blessing, but it requires preparation. Build a plan that
includes guaranteed income, thought full withdrawal strategies, and investments that
grow with inflation, and don't.
Speaker 4 (03:50):
Wait until you're already retired to figure it out. The
earlier you start planning, the more options you have to
make your money last well said.
Speaker 2 (03:57):
So if you're wondering whether you're a retirement plan to
last age nine, twenty five or beyond, that's a great
reason to come sit down with us. We'll look at
your income, your savings, and your goals and help you
build a strategy to give you confidence in your future.
Speaker 4 (04:08):
Because at the end of the day, retirement isn't just
about stopping work. It's about living well for however long you're.
Speaker 2 (04:14):
Blessed with precisely, Okay, Mary Madeline, it was a pleasure
and I look forward to chatting with you next week.
Speaker 4 (04:19):
Thanks Greg, have a great rest of your weekend.
Speaker 1 (04:23):
Save money Strategies with Kelly Kelly and her team. Call
Kelly Financial at eighty eight eight hundred twenty and eighty
one or go to Kelly Financial dot org. That's Kelly
at Kelly Financial dot org.
Speaker 5 (04:37):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.
Speaker 3 (04:48):
You can always make money if you haven't if you
lose it all, it's very difficult to do that. So
you have to have a plan. If the market goes
up quite a bit or down quite a bit. You
have to be ready and how do you sort fact
from fiction?
Speaker 5 (05:01):
Download Kelly Financial's Consumer Guide, simply called the Value of
an objective opinion. With so much at stake with your
retirement future, you don't just want any financial advice, but
objective financial advice. And as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org
(05:24):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.
Speaker 3 (05:28):
Ladies and gentlemen, sort fact from fiction.
Speaker 5 (05:31):
We are Kelly Financial Services.
Speaker 6 (05:33):
Come retire with us, Welcome back to safe money Strategies.
I'm Kelly Kelly here with my son William. You know, William.
One of the most rewarding things about our work is
when families come in together, parents, children, sometimes even grandchildren,
(05:58):
all sitting around the same table. That's when the planning
really comes to life.
Speaker 1 (06:04):
It is mom and honestly, I think that's one of
the most overlooked parts of financial planning. You can have
the accounts in the paperwork, but if the family doesn't
understand the why, then a big piece is missing exactly.
Speaker 6 (06:16):
It's not just about leaving money. It's about leaving wisdom,
passing down values, lessons and stories. If those conversations aren't happening,
we leave the next generation guessing.
Speaker 1 (06:30):
And here's the thing. I see this all the time
with my own generation. A lot of my friends are
curious about money, but they don't always know where to start.
They might be afraid to ask their parents or feel
like finances are too complicated. But when families open the door,
those conversations make a huge difference.
Speaker 6 (06:46):
That's such a good point. And William, you've already written
a book for Generation Z and I love that you
put down the lessons you wish every young person could know.
Speaker 1 (06:57):
Yes, and they're simple lessons. How to make a bue,
how to avoid credit card debt, why starting early with
investing matters so much. These aren't complicated topics, but if
no one ever explains them, young people can feel lost.
That's why I think families play such an important role.
It doesn't have to be a classroom lecture. It can
be a parent sharing how they save, or a grandparent
talking about a financial lesson they learn the hard way.
Speaker 6 (07:19):
And from the retirement side is also about beneficiaries. We've
seen some families who did all the paperwork perfectly but
never explained anything to their children, and then when the
time came, there was confusion and sometimes conflict. That's why
communication is so essential.
Speaker 1 (07:40):
Right, and the simple family talk can prevent so much
of that. Even just saying here's what we put in place,
here's why we made these decisions, and here's who you
can call if something happens. It clears away the mystery
and it helps kids and grandkids feel like they're part
of the plan, not just left in the dark.
Speaker 6 (07:56):
It doesn't have to be formal, it doesn't have to
be intimidating. It could be over Sunday dinner or on
a holiday walk. What matters is just starting and honestly,
holidays can be some of the best times when families
are already together sharing stories. That's when these conversations can
(08:19):
flow naturally. A Thanksgiving dinner or a Christmas gathering may
not seem like the place for financial talks, but sometimes
a simple comment like here's what we've learned or here's
what matters to us can spark a meaningful discussion.
Speaker 1 (08:38):
I like that because with my generation, conversations often happen casually.
We'll talk about student loans or saving for our first
home while hanging out with friends. It doesn't feel formal,
and it makes it easier. The same to be true
for families bringing up money in a way that feels natural,
not forced.
Speaker 6 (08:53):
For me, one of the earliest financial lessons came when
Dad took you to open your first savings account. You
were seven years old, and it wasn't about the amount.
It was about the experience. Watching the numbers grow, even
just a little gave you a sense of empowerment exactly, and.
Speaker 1 (09:14):
That memory stuck with me. It made me feel like
this is something I can manage. That's the power of
a simple lesson. It doesn't fade.
Speaker 6 (09:21):
And that's why your dad, Bill Kelly believes so strongly
in teaching financial discipline. Early he used to say that
money is a tool, and like any tool, you have
to learn how to handle it. He believed in responsibility,
but he also believed in generosity, using money wisely but
also for the good. Those lessons are a part of
(09:43):
the legacy he left and their lessons worth passing down.
Speaker 1 (09:48):
And that's really the heart of it. These conversations aren't
just about dollars and cents. They're about values. When kids
and grandkids hear stories, whether it's about saving, giving, or
even mistakes that were made, it shapes how they see
money for the rest of their lives.
Speaker 6 (10:01):
And for our dear listeners, I want to say this,
you don't have to have every answer, you don't have
to be the expert in every financial detail. That's what
advisors are here for. But you can start the conversation.
And starting is the most important step.
Speaker 1 (10:20):
And if you'd like to support, we'd love to help.
At Kelly Financial, our fiduciary advisors are here as a
resource for you and your family. Whether it's questions about retirement,
planning for the future, or just beginning that dialogue with
your children. We can guide you.
Speaker 6 (10:34):
And if you've been thinking I really should talk to
my children about this, let this be your nudge. Don't wait,
start now.
Speaker 1 (10:43):
Schedule conversation. Just give us a call at eighty to
eight eight hundred and twenty eight one or email us
at Kelly at Kelly Financial dot org. We'd be happy
to help you take the first step.
Speaker 6 (10:53):
Stay with us. We've got more financial content coming your
way on safe money strategies.
Speaker 1 (11:00):
Safe money strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and twenty eight one,
or go to Kelly Financial dot org. That's Kelly at
Kelly Financial dot org.
Speaker 7 (11:13):
Welcome back if you just joined us. We've been talking
about the fed's upcoming meeting, and another major factor influencing
the fed's October decision is inflation. Even though the FED
cut rates in September, inflation hasn't fully cooled, and that
creates a real challenge.
Speaker 8 (11:28):
That's right, Mike. The Fed's preferred measure, core personal consumption
expenditures or PCE, rows two point nine percent year over
year in August twenty twenty five. It's still running above
their target of two percent.
Speaker 7 (11:43):
And every day consumers failed in their wallets. Food prices,
for example, are up about four percent, housing costs around
six percent, and energy prices continue to fluctuate. Tariffs on
certain imported goods like electronics and clothing at another layer
of upward pressure.
Speaker 8 (11:58):
Exactly, Even moderate in inflation affects budgets, particularly for families
with fixed incomes. When prices rise faster than wages, purchasing power,
erods and discretionary spending often gets delayed.
Speaker 7 (12:11):
From the FEDCE perspective, they have to weigh the risk
of letting inflation accelerate against the risk of stalling the economy.
Cutting rates too quickly can reignite price pressure, while moving
too slowly could slow hiring and economic growth.
Speaker 8 (12:24):
And let's not forget the timing of economic data the FED.
We'll see the September Consumer Price Index or CPI on
October fifteenth, just two weeks before the meeting. That report
could dramatically influence their decision, especially if prices come in
higher than expected.
Speaker 7 (12:43):
So for our listeners, monitoring these inflation indicators is critical.
They affect not just investment returns, but also practical decisions
like when to refinance a mortgage, delay a big purchase,
or just spending habits.
Speaker 8 (12:56):
In short, inflation isn't just an abstract numbers, something that
affects take home pay, investment portfolios, and even the fed's
next steps. Understanding the trends helps you anticipate changes and
protect your financial.
Speaker 7 (13:10):
Position exactly, and with the FED balancing inflation and employment pressure,
the October meeting promises to be one of the most
closely watched in recent years.
Speaker 9 (13:20):
Right Mike.
Speaker 8 (13:20):
For our listeners, the end of the year is a
critical time for portfolio management. Historically, the fourth quarter October
through December is the strongest period for the stock market
Since nineteen fifty. The S and P five hundred has
averaged gains of over four percent in the fourth quarter,
(13:42):
rising about eighty percent of the time.
Speaker 7 (13:44):
That's true, Greg, but don't forget October is historically volatile.
Some of the largest market swings occur in this month,
even though the overall trend for the quarter is usually upward.
Speaker 8 (13:55):
And then there's the classic Santa Claus rally. Positive returns
all often happened in the last trading days of December
and the first few days of January. Investor psychology, gearin,
portfolio rebalancing, and holiday optimism probably all play a role
for Q.
Speaker 7 (14:13):
Four twenty twenty five. Several factors will influence performance. First,
the Fed's expected rate cuts could boost market confidence and
reduce borrowing costs for businesses and consumers.
Speaker 8 (14:24):
At the same time, inflation has remained sticky above that
two percent FED target that could temper the pace of
rate cuts and keep markets cautious.
Speaker 7 (14:34):
Economic indicators are mixed.
Speaker 9 (14:36):
On the positive side.
Speaker 7 (14:37):
Consumer spending remains resilient, and tech sector investments, especially in AI,
continue to grow, but signs of a slower labor market
and cautious lower income consumers add uncertainty.
Speaker 8 (14:50):
The US market, particularly large cap tech and all the
AI related stocks, have shown strong resilience throughout twenty twenty five,
driven by impressive earnings growth. Conversely, international markets, both developed
and emerging have underperformed, pressured by geopolitical risks and regional
(15:12):
economic issues.
Speaker 7 (15:14):
Policy matters to the twenty twenty four US election resulted
in a red sweep, which is expected to support equities
through pro growth policies, tax cuts, and deregulation. However, concerns
remain about potential inflationary effects from tariffs and international trade tensions.
Speaker 8 (15:32):
Given these factors, here are some practical strategies we urge
clients to focus on quality and growth. High quality companies
with strong earnings and lower debt levels tend to be
more resilient during economic fluctuations and market turbulence. Second, defensive
positioning sectors like consumer staples and dividend paying stocks can
(15:53):
help balance portfolios and reduce volatility. And finally, the third point,
bond market cost. Consider shorter duration bonds at higher quality
credit given uncertainty in both rates and fiscal pressures.
Speaker 7 (16:08):
Let's give a rail world example. A retiree relying on
fixed income may see cd yil's decrease with rate cuts.
Adding dividend paying stocks can help maintain income while it's
still keeping risk controlled.
Speaker 8 (16:20):
And for growth investors, the tech sector, especially the AI investments,
could provide opportunities, but remember diversification is key. Balancing high
growth positions with defensive assets protect your portfolio if volatility spikes.
Speaker 7 (16:35):
Finally, year end strategies matter. Many investors engage in tax
loss harvesting in October and November, which can influence market momentum,
and holiday spending often provides an additional boost to consumer
driven sectors.
Speaker 8 (16:48):
So, to summarize for the fourth quarter in twenty twenty five,
history favors a positive result. Rate cuts may provide additional tailwinds.
Tech and AI continue to drive growth, Defensive assets provide stability,
and geopolitical and inflation risks must be monitored.
Speaker 7 (17:06):
That's right for our listeners. Understanding these patterns and strategies
can help the difference between reacting to the market and
positioning yourself to benefit from seasonal and economic trends well
greg This brings us to the end of tonight's show,
we've covered a lot the fed's upcoming October meeting, the
history of rate changes, labor market trends, inflation, global and
(17:26):
political factors, and a deep dive into fourth quarter market
history for twenty twenty five.
Speaker 8 (17:31):
Absolutely, Mike. For our listeners, the takeaway is that the
Fed's decisions affect much more than just interest rates alone.
They impact borrowing costs, consumer spending, business investment, and ultimately
portfolio performance. Understanding the interplay between these factors can help
you make more informed decisions.
Speaker 7 (17:50):
Finally, remember that investing in financial planning, our long term games,
the FED, inflation, geopolitical risks will continue to influence the market.
Keeping our focus on your goals and using strategies like diversification,
defensive positioning, and growth allocation will help you stay on track.
Speaker 8 (18:08):
That's right, Mike. For anyone listening. If you want help
reviewing your portfolio or developing a strategy tailored to your goals,
reach out to us at Kelly Financial Services. Being proactive
today can make a big, big difference tomorrow. With that,
I'm Greg Workman and I'm Mike.
Speaker 7 (18:26):
You said, thank you for tuning in to safe money.
Speaker 1 (18:28):
Strategies discover safe money strategies with Kelly Kelly and her
team called Kelly Financial at eighty eight eight hundred one
eighty one or visit Kelly Financial dot org.
Speaker 6 (18:42):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty
(19:04):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us.
Speaker 9 (19:13):
It's the Kooner Man. I've got something truly special for you.
Join me on Wednesday, October fifteenth from four to six
pm for a live event at the iHeart Boston Studios
in Medford with the incredible team from Kelly Financial Services.
We'll be talking about the things that matter the most,
family relationships, today's biggest headlines, from politics to culture and
(19:36):
everything in between.
Speaker 5 (19:37):
And that's not all.
Speaker 9 (19:39):
You'll get a chance to hear about William Kelly's brand
new book, Meet the Kelly Financial Family Tour, The iHeartMedia
studios where the magic of radio comes to life. There'll
be food, drinks, prizes, plenty of unforgettable conversations. Space is limited,
so reserve your spot now called eight eight eight eight hundred,
(19:59):
eighteen eighty one. Eight eight eight eight hundred eighteen eighty one.
I can't wait to see you all there. Advisory services
offered through Kelly Financial Services, an SEC registered investment advisor.
Speaker 6 (20:15):
This week we hear Bill Kelly share a story about
how one opportunity and the willingness to work for it
changed the direction of his life from hauling trash and
providence to proudly serving his country through the US Air Force.
It's a reminder of the power of perseverance into helping hand.
(20:36):
Here's Bill Kelly.
Speaker 3 (20:38):
My first real job out of school was hauling trash
for a foundation that restored homes built before eighteen hundred
and named, aptly enough, the Restoration Foundation. Generally, the trash
man would be laid off for the winner, so I
figured I would end up collecting unemployment for a while.
I was talking to gramp one day and mentioned that
I was expecting to be unemployed that winner and wasn't
(21:00):
sure where I really wanted to go to school. Graham said, well,
go down to the Unemployment office and see Mary Hackett.
There might be something there for you a little better
than unemployment. This was my first political favor because I
had driven for the Democrats for two years since I
had gotten my license. I always worked the phones and
helped out at the polls whenever I could, and my
(21:21):
parents were staunch Irish Catholic Democrats. My mother held teas
and gatherings in her living room. I went down to
the Unemployment office and spoke with Mary Hackett, who said,
there's a program that will send you to electronics school.
Back then, New England Institute of Technology was nowhere nearly
as well formed as it is now. It was just
a small school in Providence. Mary then said, what we're
(21:44):
going to do is pay you eighty dollars a week
while you go to New England Tech, and then when
you're done, we'll place you somewhere for employment. She added,
but if you can find an employer to sponsor you
and a state they will hire you when you leave
New England Tech, you can have this scholarship. They were
going to pay the tuition and pay me eighty dollars
(22:05):
a week to go to school. I told her that
sounded like a great deal. I went to one of
the electronics firms in Providence and told them what I
wanted to do. They said they would write me a
letter when I graduated, and during the summer I could
come and work for them, but it was a year
round school. So I set everything up. I went to
radio shack and got some electronics kits, then borrowed books
(22:26):
from the library. I experimented and made all kinds of
devices in my bedroom, really learning about electronic circuitry in
the process. In the middle of the summer, when I
visited New England Tech, they showed me what I would
be doing, so I got a couple of the textbooks
and started studying early. My bedroom looked like some kind
of laboratory. Then Dad met an Air Force recruiter at
(22:48):
a night's of Columbus meeting. The recruiter said, they're looking
for people who want to learn computer science. They'll teach
you everything you need to know, but you have to
pass an aptitude test. When he told me about it,
I said I wanted to give it a shot. In
speaking with the Air Force recruiter, Sergeant Frye I mentioned
I had a full scholarship to learn electronics and asked
(23:10):
him if he had anything better. He said, yes, the
F fifteen. That was thirty five years ago and the
plane was brand new. He continued, the F fifteen is
going to be completely computer tested. We'll put you in
school for a year and a half, but you'll have
to sign up for six years. We'll get you at
least an associate's degree out of the deal, and we'll
help you with some other tuition. We need people, so
(23:32):
if you can pass this aptitude test, we'll enroll you
in the school. I told him I hadn't really started
at New England Tech, but had been studying like crazy,
so I would go ahead and take the test. I
scored a ninety eight on electronics. Sergeant Fry said, I
think you can get this, but are you willing to
take that risk. You'll have to sign up for a
(23:52):
six year stay, but if you do, we'll guarantee you
in advanced technical school in Denver. So I did it.
The scholarship to New England Tech had to be returned. John,
my fellow trash truck driver, was very interested in electronics.
I told him I wasn't going to take the scholarship
and suggested we go to the unemployment office to see
if he could have it. We went and spoke to
(24:13):
missus Hackett. I told her I had been accepted to
a two year school at the Air Force Technical Center
in Denver, and I really wanted to pursue that. Later on,
John got accepted and took my place at New England Tech. Theoretically,
I never took the welfare, but I was prepared to.
The Government would have been giving me money while I
was going to school and not working. So I went
(24:35):
to school in Denver and learned how to do the
computerized testing of F fifteen aircraft. It was the first
of its type. They sent me all over the world.
For six years. I was constantly in school and made
fabulous money when I got out. That delayed my going
back to college even more. On my first job out
of the Air Force, I was earning well in excess
(24:57):
of one hundred thousand dollars. Incredibly enough, it was totally
worth the struggle. Believe me, Getting that first meeting with
Mary Hackett did me a favor. Anyone can know anyone
else who's six degrees of separation, and that's all you need,
so I had an assisted launch. Then again, I ended
up knowing I had that help and took a further
(25:17):
little jump off the perch to try to better myself.
I knew my baseline was going to be attending New
England Tech and having a job in electronics technology. Knowing
that made me feel a lot better. But I ended
up having a fabulous technical education and a fabulous job.
I traveled the world, helped defend the country, and then
put on my civilian hat again. That journey ended up
(25:39):
being a great ten year period in my life. I
was single and didn't have my own family then, but
I was not in despair, nor was I asking the
government to take care of my entire life and do
everything for me. I just needed a little bit of
a boost, which I got, and it dramatically changed my
life at that time. A helping hand often seems to
work better than just giving someone total welfare. It's that
(26:01):
old hand up instead of a hand out. There was
a path to improvement for me, a path that went
onward and upward. I'm sure there's also a way out
for others today. However, I don't think the way out
is by fundamentally transforming our government into a quasi communist
beloadd bureaucracy in which we have to share the wealth
with everyone. We weren't told that anyone was going to
(26:24):
share his or her wealth with us when we were
growing up. We were told, you have to get a.
Speaker 1 (26:29):
Job, discover safe money strategies with Kelly Kelly and her
team called Kelly Financial at eighty eight eight hundred one
to eighty one, or visit Kelly Financial dot org.
Speaker 10 (26:52):
All opinions expressed by the host guests for employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from source is deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided is
general in nature and is not intended to be specific investment, tax,
or legal advice. It is always advisable to consult a
professional before making a financial decision.
Discover safe money strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred one eighty
one or visit Kelly Financial dot org.
Speaker 2 (00:14):
Hello, this is Dreg Murray, Senior vice president and Chief
Compliance Officer at Kelly Financial Services. Join me this evening.
Is Mary Madeline Kelly, one of our wealth advisors. How
are you doing tonight?
Speaker 3 (00:23):
Hi?
Speaker 4 (00:23):
Greg, I am doing great. A recent girls trip to
Florida was the pickup I needed as we entered into
a new season.
Speaker 2 (00:30):
It's always a fun time escaping the cooler weather and
season change to keep summer going for a little bit longer,
which is a good segue into our topic for tonight,
outliving your money.
Speaker 4 (00:39):
I'm glad we're talking about this topic because it's something
a lot of retirees don't think about enough. Longevity risk,
in other words, the risk of outliving your money if
you live to age ninety five or even longer.
Speaker 3 (00:50):
That's right.
Speaker 2 (00:51):
When people picture retirement, they might be thinking about a
ten or fifteen year stretch, but with advances in medicine
and healthier lifestyles, many people are living twenty five or
even thirty years after they stop working. That's wonderful news,
but it also increases financial challenges exactly.
Speaker 4 (01:06):
Here's the way I like to put it. You can't
plan for retirement as if it's a long vacation. You
have to plan as if it's another third of your life,
and that means making sure your money stretches.
Speaker 2 (01:16):
So let's break down why longevity risk matters. If you
retire at sixty five and live until ninety five, that's
thirty years of expenses. Think about what changes in thirty years.
Prices go up, healthcare needs increase, and unexpected cost pop pop.
Without planning, even a healthy retirement nesttag can start to
look smaller than you'd like.
Speaker 4 (01:33):
And it's not just about the money you spend on
fun things like travel. The biggest wildcard is healthcare. There
are estimates that a sixty five year old couple retiring
today may need close to three hundred thousand dollars just
for medical expenses in retirement, and that doesn't even include
long term care.
Speaker 2 (01:49):
That's a huge number. So how do we plan for
longevity risk? The first step is identifying what income sources
you know you'll have, things like social Security, pensions or
rental income. Then compare that to your actual expenses. If
there's a gap, that's where we need to strategize.
Speaker 4 (02:04):
One approach is to create guaranteed income streams. That might
mean annuities that provide lifetime payments or other tools that
make sure you have a retirement paycheck coming in no
matter how long you live. That way, you're not relying
only on market performance.
Speaker 2 (02:19):
And another strategy is being thoughtful about when to take
Social Security. If you wait until late seventy, your monthly
benefit could be thirty percent higher than if you take
it at sixty two. That bigger check can make a
huge difference if you live into your nineties.
Speaker 4 (02:31):
That's a great point. Another part of planning is how
you withdraw from your savings. Without a plan, people sometimes
take too much too early and then struggle later. Setting
a withdrawal strategy, whether that's the four percent guideline or
a more personalized plan, can help keep your money working
for you.
Speaker 2 (02:48):
And don't forget about inflation. Over thirty years, the cost
of everyday items doubles or even triples. A gallon of milk,
a tank of gas, your utility built. Those things will
not stay the same. That's why even in retirement, you
still it'll need some growth investment to keep pace with
rising prices.
Speaker 4 (03:03):
A balanced portfolio is key. It's not about going all
in on stocks or sitting entirely in cash. It's about
finding that mix of growth, income, and safety that matches
your lifestyle and risk tolerance.
Speaker 2 (03:14):
And I think mindset plays a role too. We often
tell clients, don't plan to just get to retirement, plan
to thrive through retirement. If you plan as if you'll
live to ninety five or beyond, you're covering all your bases.
Even if you don't make it that far, you're still
financially secure exactly.
Speaker 4 (03:29):
And let's be honest, running out of money is one
of the biggest fears people have. But with the right plan,
you can reduce that fear. You can know that no
matter how long you live, you'll be okay.
Speaker 2 (03:39):
So here's the takeaway for our listeners tonight. Longevity is
a blessing, but it requires preparation. Build a plan that
includes guaranteed income, thought full withdrawal strategies, and investments that
grow with inflation, and don't.
Speaker 4 (03:50):
Wait until you're already retired to figure it out. The
earlier you start planning, the more options you have to
make your money last well said.
Speaker 2 (03:57):
So if you're wondering whether you're a retirement plan to
last age nine, twenty five or beyond, that's a great
reason to come sit down with us. We'll look at
your income, your savings, and your goals and help you
build a strategy to give you confidence in your future.
Speaker 4 (04:08):
Because at the end of the day, retirement isn't just
about stopping work. It's about living well for however long you're.
Speaker 2 (04:14):
Blessed with precisely, Okay, Mary Madeline, it was a pleasure
and I look forward to chatting with you next week.
Speaker 4 (04:19):
Thanks Greg, have a great rest of your weekend.
Speaker 1 (04:23):
Save money Strategies with Kelly Kelly and her team. Call
Kelly Financial at eighty eight eight hundred twenty and eighty
one or go to Kelly Financial dot org. That's Kelly
at Kelly Financial dot org.
Speaker 5 (04:37):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.
Speaker 3 (04:48):
You can always make money if you haven't if you
lose it all, it's very difficult to do that. So
you have to have a plan. If the market goes
up quite a bit or down quite a bit. You
have to be ready and how do you sort fact
from fiction?
Speaker 5 (05:01):
Download Kelly Financial's Consumer Guide, simply called the Value of
an objective opinion. With so much at stake with your
retirement future, you don't just want any financial advice, but
objective financial advice. And as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org
(05:24):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.
Speaker 3 (05:28):
Ladies and gentlemen, sort fact from fiction.
Speaker 5 (05:31):
We are Kelly Financial Services.
Speaker 6 (05:33):
Come retire with us, Welcome back to safe money Strategies.
I'm Kelly Kelly here with my son William. You know, William.
One of the most rewarding things about our work is
when families come in together, parents, children, sometimes even grandchildren,
(05:58):
all sitting around the same table. That's when the planning
really comes to life.
Speaker 1 (06:04):
It is mom and honestly, I think that's one of
the most overlooked parts of financial planning. You can have
the accounts in the paperwork, but if the family doesn't
understand the why, then a big piece is missing exactly.
Speaker 6 (06:16):
It's not just about leaving money. It's about leaving wisdom,
passing down values, lessons and stories. If those conversations aren't happening,
we leave the next generation guessing.
Speaker 1 (06:30):
And here's the thing. I see this all the time
with my own generation. A lot of my friends are
curious about money, but they don't always know where to start.
They might be afraid to ask their parents or feel
like finances are too complicated. But when families open the door,
those conversations make a huge difference.
Speaker 6 (06:46):
That's such a good point. And William, you've already written
a book for Generation Z and I love that you
put down the lessons you wish every young person could know.
Speaker 1 (06:57):
Yes, and they're simple lessons. How to make a bue,
how to avoid credit card debt, why starting early with
investing matters so much. These aren't complicated topics, but if
no one ever explains them, young people can feel lost.
That's why I think families play such an important role.
It doesn't have to be a classroom lecture. It can
be a parent sharing how they save, or a grandparent
talking about a financial lesson they learn the hard way.
Speaker 6 (07:19):
And from the retirement side is also about beneficiaries. We've
seen some families who did all the paperwork perfectly but
never explained anything to their children, and then when the
time came, there was confusion and sometimes conflict. That's why
communication is so essential.
Speaker 1 (07:40):
Right, and the simple family talk can prevent so much
of that. Even just saying here's what we put in place,
here's why we made these decisions, and here's who you
can call if something happens. It clears away the mystery
and it helps kids and grandkids feel like they're part
of the plan, not just left in the dark.
Speaker 6 (07:56):
It doesn't have to be formal, it doesn't have to
be intimidating. It could be over Sunday dinner or on
a holiday walk. What matters is just starting and honestly,
holidays can be some of the best times when families
are already together sharing stories. That's when these conversations can
(08:19):
flow naturally. A Thanksgiving dinner or a Christmas gathering may
not seem like the place for financial talks, but sometimes
a simple comment like here's what we've learned or here's
what matters to us can spark a meaningful discussion.
Speaker 1 (08:38):
I like that because with my generation, conversations often happen casually.
We'll talk about student loans or saving for our first
home while hanging out with friends. It doesn't feel formal,
and it makes it easier. The same to be true
for families bringing up money in a way that feels natural,
not forced.
Speaker 6 (08:53):
For me, one of the earliest financial lessons came when
Dad took you to open your first savings account. You
were seven years old, and it wasn't about the amount.
It was about the experience. Watching the numbers grow, even
just a little gave you a sense of empowerment exactly, and.
Speaker 1 (09:14):
That memory stuck with me. It made me feel like
this is something I can manage. That's the power of
a simple lesson. It doesn't fade.
Speaker 6 (09:21):
And that's why your dad, Bill Kelly believes so strongly
in teaching financial discipline. Early he used to say that
money is a tool, and like any tool, you have
to learn how to handle it. He believed in responsibility,
but he also believed in generosity, using money wisely but
also for the good. Those lessons are a part of
(09:43):
the legacy he left and their lessons worth passing down.
Speaker 1 (09:48):
And that's really the heart of it. These conversations aren't
just about dollars and cents. They're about values. When kids
and grandkids hear stories, whether it's about saving, giving, or
even mistakes that were made, it shapes how they see
money for the rest of their lives.
Speaker 6 (10:01):
And for our dear listeners, I want to say this,
you don't have to have every answer, you don't have
to be the expert in every financial detail. That's what
advisors are here for. But you can start the conversation.
And starting is the most important step.
Speaker 1 (10:20):
And if you'd like to support, we'd love to help.
At Kelly Financial, our fiduciary advisors are here as a
resource for you and your family. Whether it's questions about retirement,
planning for the future, or just beginning that dialogue with
your children. We can guide you.
Speaker 6 (10:34):
And if you've been thinking I really should talk to
my children about this, let this be your nudge. Don't wait,
start now.
Speaker 1 (10:43):
Schedule conversation. Just give us a call at eighty to
eight eight hundred and twenty eight one or email us
at Kelly at Kelly Financial dot org. We'd be happy
to help you take the first step.
Speaker 6 (10:53):
Stay with us. We've got more financial content coming your
way on safe money strategies.
Speaker 1 (11:00):
Safe money strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and twenty eight one,
or go to Kelly Financial dot org. That's Kelly at
Kelly Financial dot org.
Speaker 7 (11:13):
Welcome back if you just joined us. We've been talking
about the fed's upcoming meeting, and another major factor influencing
the fed's October decision is inflation. Even though the FED
cut rates in September, inflation hasn't fully cooled, and that
creates a real challenge.
Speaker 8 (11:28):
That's right, Mike. The Fed's preferred measure, core personal consumption
expenditures or PCE, rows two point nine percent year over
year in August twenty twenty five. It's still running above
their target of two percent.
Speaker 7 (11:43):
And every day consumers failed in their wallets. Food prices,
for example, are up about four percent, housing costs around
six percent, and energy prices continue to fluctuate. Tariffs on
certain imported goods like electronics and clothing at another layer
of upward pressure.
Speaker 8 (11:58):
Exactly, Even moderate in inflation affects budgets, particularly for families
with fixed incomes. When prices rise faster than wages, purchasing power,
erods and discretionary spending often gets delayed.
Speaker 7 (12:11):
From the FEDCE perspective, they have to weigh the risk
of letting inflation accelerate against the risk of stalling the economy.
Cutting rates too quickly can reignite price pressure, while moving
too slowly could slow hiring and economic growth.
Speaker 8 (12:24):
And let's not forget the timing of economic data the FED.
We'll see the September Consumer Price Index or CPI on
October fifteenth, just two weeks before the meeting. That report
could dramatically influence their decision, especially if prices come in
higher than expected.
Speaker 7 (12:43):
So for our listeners, monitoring these inflation indicators is critical.
They affect not just investment returns, but also practical decisions
like when to refinance a mortgage, delay a big purchase,
or just spending habits.
Speaker 8 (12:56):
In short, inflation isn't just an abstract numbers, something that
affects take home pay, investment portfolios, and even the fed's
next steps. Understanding the trends helps you anticipate changes and
protect your financial.
Speaker 7 (13:10):
Position exactly, and with the FED balancing inflation and employment pressure,
the October meeting promises to be one of the most
closely watched in recent years.
Speaker 9 (13:20):
Right Mike.
Speaker 8 (13:20):
For our listeners, the end of the year is a
critical time for portfolio management. Historically, the fourth quarter October
through December is the strongest period for the stock market
Since nineteen fifty. The S and P five hundred has
averaged gains of over four percent in the fourth quarter,
(13:42):
rising about eighty percent of the time.
Speaker 7 (13:44):
That's true, Greg, but don't forget October is historically volatile.
Some of the largest market swings occur in this month,
even though the overall trend for the quarter is usually upward.
Speaker 8 (13:55):
And then there's the classic Santa Claus rally. Positive returns
all often happened in the last trading days of December
and the first few days of January. Investor psychology, gearin,
portfolio rebalancing, and holiday optimism probably all play a role
for Q.
Speaker 7 (14:13):
Four twenty twenty five. Several factors will influence performance. First,
the Fed's expected rate cuts could boost market confidence and
reduce borrowing costs for businesses and consumers.
Speaker 8 (14:24):
At the same time, inflation has remained sticky above that
two percent FED target that could temper the pace of
rate cuts and keep markets cautious.
Speaker 7 (14:34):
Economic indicators are mixed.
Speaker 9 (14:36):
On the positive side.
Speaker 7 (14:37):
Consumer spending remains resilient, and tech sector investments, especially in AI,
continue to grow, but signs of a slower labor market
and cautious lower income consumers add uncertainty.
Speaker 8 (14:50):
The US market, particularly large cap tech and all the
AI related stocks, have shown strong resilience throughout twenty twenty five,
driven by impressive earnings growth. Conversely, international markets, both developed
and emerging have underperformed, pressured by geopolitical risks and regional
(15:12):
economic issues.
Speaker 7 (15:14):
Policy matters to the twenty twenty four US election resulted
in a red sweep, which is expected to support equities
through pro growth policies, tax cuts, and deregulation. However, concerns
remain about potential inflationary effects from tariffs and international trade tensions.
Speaker 8 (15:32):
Given these factors, here are some practical strategies we urge
clients to focus on quality and growth. High quality companies
with strong earnings and lower debt levels tend to be
more resilient during economic fluctuations and market turbulence. Second, defensive
positioning sectors like consumer staples and dividend paying stocks can
(15:53):
help balance portfolios and reduce volatility. And finally, the third point,
bond market cost. Consider shorter duration bonds at higher quality
credit given uncertainty in both rates and fiscal pressures.
Speaker 7 (16:08):
Let's give a rail world example. A retiree relying on
fixed income may see cd yil's decrease with rate cuts.
Adding dividend paying stocks can help maintain income while it's
still keeping risk controlled.
Speaker 8 (16:20):
And for growth investors, the tech sector, especially the AI investments,
could provide opportunities, but remember diversification is key. Balancing high
growth positions with defensive assets protect your portfolio if volatility spikes.
Speaker 7 (16:35):
Finally, year end strategies matter. Many investors engage in tax
loss harvesting in October and November, which can influence market momentum,
and holiday spending often provides an additional boost to consumer
driven sectors.
Speaker 8 (16:48):
So, to summarize for the fourth quarter in twenty twenty five,
history favors a positive result. Rate cuts may provide additional tailwinds.
Tech and AI continue to drive growth, Defensive assets provide stability,
and geopolitical and inflation risks must be monitored.
Speaker 7 (17:06):
That's right for our listeners. Understanding these patterns and strategies
can help the difference between reacting to the market and
positioning yourself to benefit from seasonal and economic trends well
greg This brings us to the end of tonight's show,
we've covered a lot the fed's upcoming October meeting, the
history of rate changes, labor market trends, inflation, global and
(17:26):
political factors, and a deep dive into fourth quarter market
history for twenty twenty five.
Speaker 8 (17:31):
Absolutely, Mike. For our listeners, the takeaway is that the
Fed's decisions affect much more than just interest rates alone.
They impact borrowing costs, consumer spending, business investment, and ultimately
portfolio performance. Understanding the interplay between these factors can help
you make more informed decisions.
Speaker 7 (17:50):
Finally, remember that investing in financial planning, our long term games,
the FED, inflation, geopolitical risks will continue to influence the market.
Keeping our focus on your goals and using strategies like diversification,
defensive positioning, and growth allocation will help you stay on track.
Speaker 8 (18:08):
That's right, Mike. For anyone listening. If you want help
reviewing your portfolio or developing a strategy tailored to your goals,
reach out to us at Kelly Financial Services. Being proactive
today can make a big, big difference tomorrow. With that,
I'm Greg Workman and I'm Mike.
Speaker 7 (18:26):
You said, thank you for tuning in to safe money.
Speaker 1 (18:28):
Strategies discover safe money strategies with Kelly Kelly and her
team called Kelly Financial at eighty eight eight hundred one
eighty one or visit Kelly Financial dot org.
Speaker 6 (18:42):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty
(19:04):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us.
Speaker 9 (19:13):
It's the Kooner Man. I've got something truly special for you.
Join me on Wednesday, October fifteenth from four to six
pm for a live event at the iHeart Boston Studios
in Medford with the incredible team from Kelly Financial Services.
We'll be talking about the things that matter the most,
family relationships, today's biggest headlines, from politics to culture and
(19:36):
everything in between.
Speaker 5 (19:37):
And that's not all.
Speaker 9 (19:39):
You'll get a chance to hear about William Kelly's brand
new book, Meet the Kelly Financial Family Tour, The iHeartMedia
studios where the magic of radio comes to life. There'll
be food, drinks, prizes, plenty of unforgettable conversations. Space is limited,
so reserve your spot now called eight eight eight eight hundred,
(19:59):
eighteen eighty one. Eight eight eight eight hundred eighteen eighty one.
I can't wait to see you all there. Advisory services
offered through Kelly Financial Services, an SEC registered investment advisor.
Speaker 6 (20:15):
This week we hear Bill Kelly share a story about
how one opportunity and the willingness to work for it
changed the direction of his life from hauling trash and
providence to proudly serving his country through the US Air Force.
It's a reminder of the power of perseverance into helping hand.
(20:36):
Here's Bill Kelly.
Speaker 3 (20:38):
My first real job out of school was hauling trash
for a foundation that restored homes built before eighteen hundred
and named, aptly enough, the Restoration Foundation. Generally, the trash
man would be laid off for the winner, so I
figured I would end up collecting unemployment for a while.
I was talking to gramp one day and mentioned that
I was expecting to be unemployed that winner and wasn't
(21:00):
sure where I really wanted to go to school. Graham said, well,
go down to the Unemployment office and see Mary Hackett.
There might be something there for you a little better
than unemployment. This was my first political favor because I
had driven for the Democrats for two years since I
had gotten my license. I always worked the phones and
helped out at the polls whenever I could, and my
(21:21):
parents were staunch Irish Catholic Democrats. My mother held teas
and gatherings in her living room. I went down to
the Unemployment office and spoke with Mary Hackett, who said,
there's a program that will send you to electronics school.
Back then, New England Institute of Technology was nowhere nearly
as well formed as it is now. It was just
a small school in Providence. Mary then said, what we're
(21:44):
going to do is pay you eighty dollars a week
while you go to New England Tech, and then when
you're done, we'll place you somewhere for employment. She added,
but if you can find an employer to sponsor you
and a state they will hire you when you leave
New England Tech, you can have this scholarship. They were
going to pay the tuition and pay me eighty dollars
(22:05):
a week to go to school. I told her that
sounded like a great deal. I went to one of
the electronics firms in Providence and told them what I
wanted to do. They said they would write me a
letter when I graduated, and during the summer I could
come and work for them, but it was a year
round school. So I set everything up. I went to
radio shack and got some electronics kits, then borrowed books
(22:26):
from the library. I experimented and made all kinds of
devices in my bedroom, really learning about electronic circuitry in
the process. In the middle of the summer, when I
visited New England Tech, they showed me what I would
be doing, so I got a couple of the textbooks
and started studying early. My bedroom looked like some kind
of laboratory. Then Dad met an Air Force recruiter at
(22:48):
a night's of Columbus meeting. The recruiter said, they're looking
for people who want to learn computer science. They'll teach
you everything you need to know, but you have to
pass an aptitude test. When he told me about it,
I said I wanted to give it a shot. In
speaking with the Air Force recruiter, Sergeant Frye I mentioned
I had a full scholarship to learn electronics and asked
(23:10):
him if he had anything better. He said, yes, the
F fifteen. That was thirty five years ago and the
plane was brand new. He continued, the F fifteen is
going to be completely computer tested. We'll put you in
school for a year and a half, but you'll have
to sign up for six years. We'll get you at
least an associate's degree out of the deal, and we'll
help you with some other tuition. We need people, so
(23:32):
if you can pass this aptitude test, we'll enroll you
in the school. I told him I hadn't really started
at New England Tech, but had been studying like crazy,
so I would go ahead and take the test. I
scored a ninety eight on electronics. Sergeant Fry said, I
think you can get this, but are you willing to
take that risk. You'll have to sign up for a
(23:52):
six year stay, but if you do, we'll guarantee you
in advanced technical school in Denver. So I did it.
The scholarship to New England Tech had to be returned. John,
my fellow trash truck driver, was very interested in electronics.
I told him I wasn't going to take the scholarship
and suggested we go to the unemployment office to see
if he could have it. We went and spoke to
(24:13):
missus Hackett. I told her I had been accepted to
a two year school at the Air Force Technical Center
in Denver, and I really wanted to pursue that. Later on,
John got accepted and took my place at New England Tech. Theoretically,
I never took the welfare, but I was prepared to.
The Government would have been giving me money while I
was going to school and not working. So I went
(24:35):
to school in Denver and learned how to do the
computerized testing of F fifteen aircraft. It was the first
of its type. They sent me all over the world.
For six years. I was constantly in school and made
fabulous money when I got out. That delayed my going
back to college even more. On my first job out
of the Air Force, I was earning well in excess
(24:57):
of one hundred thousand dollars. Incredibly enough, it was totally
worth the struggle. Believe me, Getting that first meeting with
Mary Hackett did me a favor. Anyone can know anyone
else who's six degrees of separation, and that's all you need,
so I had an assisted launch. Then again, I ended
up knowing I had that help and took a further
(25:17):
little jump off the perch to try to better myself.
I knew my baseline was going to be attending New
England Tech and having a job in electronics technology. Knowing
that made me feel a lot better. But I ended
up having a fabulous technical education and a fabulous job.
I traveled the world, helped defend the country, and then
put on my civilian hat again. That journey ended up
(25:39):
being a great ten year period in my life. I
was single and didn't have my own family then, but
I was not in despair, nor was I asking the
government to take care of my entire life and do
everything for me. I just needed a little bit of
a boost, which I got, and it dramatically changed my
life at that time. A helping hand often seems to
work better than just giving someone total welfare. It's that
(26:01):
old hand up instead of a hand out. There was
a path to improvement for me, a path that went
onward and upward. I'm sure there's also a way out
for others today. However, I don't think the way out
is by fundamentally transforming our government into a quasi communist
beloadd bureaucracy in which we have to share the wealth
with everyone. We weren't told that anyone was going to
(26:24):
share his or her wealth with us when we were
growing up. We were told, you have to get a.
Speaker 1 (26:29):
Job, discover safe money strategies with Kelly Kelly and her
team called Kelly Financial at eighty eight eight hundred one
to eighty one, or visit Kelly Financial dot org.
Speaker 10 (26:52):
All opinions expressed by the host guests for employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from source is deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided is
general in nature and is not intended to be specific investment, tax,
or legal advice. It is always advisable to consult a
professional before making a financial decision.
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