July 12, 2025 • 24 mins
In this week’s Safe Money Strategies, Kelly and William talk about the power of taking a gap year and how it shaped William’s journey. The team explores how to build a retirement plan - even if you’re getting a late start - why setting healthy financial boundaries with adult children is essential, and what truly sets Kelly Financial apart: real relationships, transparency, and a deep commitment to serving families with integrity. The show closes with a touching legacy segment from the late Bill Kelly that captures the heart of family, purpose, and presence.
Make Safe Money Strategies part of your Saturday night tradition.
Make Safe Money Strategies part of your Saturday night tradition.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Good evening and welcome to Safe Money Strategies 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 you've worked
(00:27):
so hard to build. We're a proud, family run firm
based right here in New England, and for over twenty
two years, we've helped thousands of families plan for the
next chapter with clarity and confidence. You may know us
from our two decades on the AM airwaves, and now
we're thrilled to bring that same trusted voice to WBZ.
(00:50):
This show is about more than just money. It's about
peace of mind, purpose, and making smart decisions that support
the people you love. Each week, I'm joined by my children,
William Kelly Junior and Mary Mattelie Kelly, along with our
incredible team of fiduciary advisors. Together, we share practical strategies,
(01:12):
personal stories, and a few laughs along the way. We'll
cover everything from inflation and taxes to income planning, market trends,
and how to leave a lasting legacy. Because retirement isn't
the end of the story. It's the beginning of a
new one. So if you're winding down for the evening
course something relaxing, settle in and spend a little time
(01:34):
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 (01:46):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and one or
go to Kelly Financial dot org. That's Kelly at Kelly
Financial dot org.
Speaker 1 (02:02):
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 part of the show we call Forever Young. It's
where I sit down with my son, William Kelly Junior,
and we talk about life, what's going on in the world,
(02:23):
in our family, and what really matters most when you're
planning for the future. Sometimes it's light, sometimes it's thoughtful,
but it's always real. Good evening, William, how are you.
Speaker 3 (02:35):
I'm well, momming yourself.
Speaker 1 (02:36):
I'm doing great, and I'm happy to be here, and
I am this Saturday night at nine o'clock.
Speaker 3 (02:42):
Isn't that unique? Huh?
Speaker 2 (02:44):
It's something very interesting and I think it's a it's
truly a pleasure to be here on WBZ. It's a
wonderful radio station and we've been listening to it for
a while now, and we really enjoy a lot of
the content they put up on here. And I have
to say typical. We're used to doing this Saturday morning,
but here we are on the eve, I know. So
I think our listeners deserve an introduction to our segment
(03:07):
a great and especially since this is our first show now,
Ladies and gentlemen, Mom and I we've been doing Forever
Young for a couple of years now, and our Safe
Money Strategy show has been airing.
Speaker 1 (03:18):
Actually, William, you're not going to believe this, but I
think it's been more like five.
Speaker 3 (03:23):
It's been five years.
Speaker 2 (03:25):
Yes, well, I apologize, Ladies and gentlemen, we've been doing
this for five years.
Speaker 1 (03:29):
It being so much fun. It's only felt like to.
Speaker 3 (03:32):
I guess seriously, that's how it feels. It just feels
like a couple.
Speaker 1 (03:36):
Yeah.
Speaker 3 (03:37):
Wow, that's a very fun fact right there.
Speaker 2 (03:40):
I was not aware of that. So, ladies, and gentlemen,
we have been going on for half a decade.
Speaker 1 (03:45):
Yes, Yes, and our audience, our listeners, have gotten to
know you William over the years. They've watched you grow
along with me. And each week I never know what
we're going to talk about it truly, we don't.
Speaker 2 (03:58):
It's always spontaneous and it's really just out of the
moment and what happens in our life, agreed. So it's
like for those who are new this segment, you know,
and who have listened to the show so far, you
probably understand that we talk a lot about finance, and
we talk about a lot about self improvement and a
lot of helpful, unique things. But this is a little
(04:20):
more unscripted, you could say. It's a little more off
the walls in a positive way. It's kind of more
of our just down to earth segment where we don't
really necessarily talk about strictly financial topics, you know, or
strictly things that may help, but we just talk about
life and what's going on. So we've been on AM
radio waves for over twenty years and we are still
(04:42):
going and we love every second of it. My father
originally was the spearheader of the show. He was the figure,
and he passed away in twenty seventeen, and we decided
we're not going to stop, and we haven't quit since then.
Speaker 1 (04:56):
We've been carrying on.
Speaker 3 (04:58):
Yes, ma'am. So we're again very fortunate to be here
on WBZ.
Speaker 1 (05:03):
We've had a lot going on this week we have.
Speaker 3 (05:06):
It's truly even busy.
Speaker 1 (05:07):
Yeah, I mean, what was your highlight of the week.
Speaker 2 (05:10):
The highlight I would absolutely say was touring Bryant University.
Speaker 1 (05:15):
How did I know you were going to say that.
Speaker 2 (05:16):
Ladies and gentlemen. So a lot of you may not
know me, but I recently just graduated high school. I
graduated high school about a year ago, and instead of
going directly to college, I said, I want to take
a gap year, and so I took the whole gap
year and it's coming to an end soon, and I
decided to work. I just as soon as I graduated,
I wanted to work a job. And then after I
worked a job, I wanted to travel. So I did
(05:38):
some traveling kind of knocked that out of the water
for about a month, and then after that I decided
I want to work in a couple of projects. So
one project is a super secret which I can't share,
ladies and gentlemen, but soon it will be shared, soon,
very soon, And I think people aged eighteen to twenty
eight are going to love it. So if you have
grandchildren or children in that age group ain't even a
(05:58):
little older, it doesn't matter. This I built it for them,
and that's all that matters. And I also decided to
start a company, and so I've been focused on that,
and I've been very fortunate to have such a successful
and productive gap year. And I was able to go
have my first powerlifting meat ever, which I had trained
for for months, and I became a state champion, which
(06:18):
was truly an honor, and a junior class champion. It
was such a wonderful time, and it was a wonderful
family day. I mean, this whole gap year was a
wonderful decision. So, ladies and gentlemen, I will say, if
you have children or grandchildren and they're a little bit
unclear about what they want to do, or maybe they're
a little burnt out, or maybe they want to explore
(06:42):
a little bit, or maybe they want to work a
little bit.
Speaker 3 (06:45):
A year never hurt anybody.
Speaker 2 (06:48):
And my cousin, she's a professor at university of Rhode Island,
and for those who know, Uri took great school. And
she was telling me that some of the best students
she had, some of the most well rounded, confident, calm
and sure of themselves students she had were the ones
who took gap years. And I've only heard good things
(07:09):
about gap years, and honestly, this gap year was only
a good thing, and I learned a lot. So just
to sum all of that up, ladies and gentlemen, that's
what I've been doing. And now I'm applying for college
and Bryant University stood out to me. It stood out
to me like no other college. Like Mom, you can
(07:30):
you attest to the fact that I've never been interested
in any other college until I saw Brian.
Speaker 1 (07:34):
Yes, yes, you have singled out the school you're interested in.
And we'll see what happens.
Speaker 2 (07:41):
We will, And I'm gonna work very hard and I'm
gonna try my best. I want to I want to
provide a lot of value to Bryant University and I
want them to be happy to have me as a student.
That's my goal because it's a really good school and
I feel like I have a lot to offer them,
and I feel like they have a lot to offer
their students.
Speaker 1 (07:59):
Great you would not have been ready a year ago.
Speaker 3 (08:03):
No, absolutely not, Ladies and gentlemen.
Speaker 1 (08:05):
You needed this time to accomplish a few goals that
you had and to get that mindset.
Speaker 3 (08:12):
I think agreed. I completely agree with you.
Speaker 1 (08:15):
So I think those of you who have children or
grandchildren and you have these feelings, don't be afraid to
break the status quo exactly because like in the grand
scheme of things, what's one year in your really young
life at their age.
Speaker 2 (08:30):
That's a little bit about my college process. I hope
everybody had a wonderful Fourth of July. Thank you for listening,
and I can't wait for more segments together. Mom here
on WBZ, do keep us on your dial.
Speaker 1 (08:42):
We have a lot of great information coming your way.
Mike du Set and Greg Workman will be sharing how
real relationships, smart planning and transparency set Kelly financial apart.
It's about more than money, It's about peace of mind.
Marry Madeline Kelly and Greg Murray are tackling a question
(09:04):
many families face. Should you help your adult children financially
or is it time to set some boundaries? And I'll
be back with William in a bit and we will
dive into how to build a retirement nest egg, especially
if you are getting a late start. And of course
we have some wit and wisdom from the late Bill
(09:26):
Kelly at the end of the hour, his wisdom never
grows old. And that's a wrap for forever, young tonight.
Thank you for listening, and William, thank you for joining me.
Speaker 3 (09:38):
I love you, honey, I love you too, and as do.
Speaker 2 (09:40):
I 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 4 (10:00):
Good evening, a Mike Ducett, Chief operating Officer at Kelly
Financial Services. You are listening to the inaugural WBZ broadcast
of Safe Money Strategies, where we believe your financial future
should be built on confidence, not anxiety. Joining me this
evening is my colleague and one of the investment advisors
on our team, Greg Workman.
Speaker 5 (10:21):
We're here every week to help you make smarter, safer
financial choices without the confusing industry jargon and most importantly,
without the stress.
Speaker 4 (10:33):
Whether you are saving for retirement, planning for a legacy,
or just trying to make sense of today's markets. We've
got real world advice, personal stories, and hopefully a few
laughs along the way. First off, it is a joy
and honor to be broadcasting on the very airwaves that
featured some local legends. I remember listening to Dave Maynard
(10:53):
who hosted Maynard in the Morning on this very station.
Speaker 5 (10:57):
Gary Lapierre, David Brudnoy, and of course my personal favorite,
Larry Glick.
Speaker 4 (11:03):
Larry that easygoing manner, great sense of humor.
Speaker 3 (11:06):
He was very entertaining.
Speaker 5 (11:07):
He'd talk about anything and everything, from personal problems to
world issues. Larry was the.
Speaker 4 (11:13):
Best at wellgreg big shoes to fill, no pressure.
Speaker 3 (11:17):
Yeah, here goes.
Speaker 4 (11:18):
Let's introduce ourselves and get this broadcast rolling, shall we absolutely?
Speaker 5 (11:22):
Where would you like to start?
Speaker 4 (11:24):
I thought we'd share a bit about our respective personal
stories and how we got into the business of helping
people make smart decisions with their money. Then let's talk
a bit about Kelly Financial. Why over seventeen hundred clients,
most of whom are New Englanders, continue to trust us
with their hard earned savings in what makes our company different?
(11:44):
Let's do it awesome. I'll kick things off. I grew
up in the North Shore area, married a girl from
the South Shore, and now I live south of Boston
with our three boys to our college age, and one
is about to graduate from high school.
Speaker 5 (11:58):
You actually went from the land of roast beef sandwiches
to the land of pub pizza.
Speaker 4 (12:02):
Oh it's true, and I have yet to find a
good North Shore roast beef like the kind I grew
up with. I'm starting to lose hope.
Speaker 5 (12:11):
In contrast, I grew up on the South Shore, married
a girl from Vermont who stayed in the Boston area
after college, and like you, we live on the South
Shore with our twin boys that are preschool age.
Speaker 4 (12:23):
I know they keep you on your toes. I remember
those days. Young parents often feel a complex mix of emotions,
from joy and love to anxiety and feelings of being overwhelmed.
Speaker 5 (12:33):
You said it our house. It has a bit of
an open floor plan, and it looks like Poultergeist when
it appears the dining room chairs are just moving around
in the next room, completely on their own because you
can't see the two and a half foot bodies pushing
them from behind.
Speaker 4 (12:49):
You and your wife are doing a great job, and
your boys will turn out great. When it comes to
your work life, I've always admired your passion for helping
people make smart decisions with their harder money, and you
have a good story as to how you got into
the financial advice business. Share that with our listeners, if
you will.
Speaker 5 (13:07):
My dad worked for the state and my mom stayed
at home after I was born. We lived comfortably, but
at an early age I suspected we were careful with
our money.
Speaker 3 (13:17):
I'd get off.
Speaker 5 (13:18):
The bus in junior high school and see envelopes in
the mailbox from Vanguard, t row Price, and Fidelity Investments.
Speaker 4 (13:27):
And you asked your dad, what the heck is all
of this?
Speaker 6 (13:29):
Right?
Speaker 5 (13:30):
Yeah, it's pretty much how it started. You know, my
dad didn't make a ton of money, and he wanted
to make the most of what he had. He taught
himself about investing by reading a lot, which included going
to the public library to read back issues of Money
magazine and study Morning Star reports on different investments. I
(13:50):
tagged along and picked up enough information that I was
absolutely hooked on the concept of investing.
Speaker 4 (13:57):
So what intrigued you.
Speaker 3 (13:59):
That make it?
Speaker 5 (14:00):
Smart money decisions leads to wealth building, which leads to
greater financial security and freedom to pursue your desired lifestyle. Also,
I really liked the idea of being in control of
a repeatable process. How doing a little homework could result
in some very exciting results. When it comes to money,
(14:23):
most of us are working with limited resources, so why
not do everything in our control to make the most
of it.
Speaker 4 (14:31):
It is truly a light bulb moment when it starts
to come together. It's exciting, and I know you love
to share that passion and excitement with our clients, which
is great to watch. You also love people, which serves
you well in this profession. I movel at the way
you can connect with almost anyone about anything.
Speaker 5 (14:47):
I do enjoy forming and maintaining personal relationships. Many of
our clients have become like family. Our business model, which
I know we'll touch on in a moment, allows me
to focus on the service, which is the right way
to do business. And when the focus is on the client,
not my mortgage payment, the result is long lasting, meaningful
(15:09):
connections with our clients.
Speaker 4 (15:11):
That's a good segue. Let's talk about Kelly Financial, why
we choose to work with the Kelly family, and why
clients choose.
Speaker 3 (15:18):
To work with us.
Speaker 5 (15:19):
At Kelly Financial, we are a fiduciary financial advisor, which
means we're legally and ethically obligated to act in your
best interest always. I'm a salaried employee that never makes
recommendations that benefit the firm more than you, the customer.
Speaker 4 (15:38):
Our role is to help you clarify your goals, understand
your options, and build a strategy that aligns with what
you want for your future, whether that's retiring comfortably, minimizing taxes,
or just having peace of mind knowing everything is going
to be okay.
Speaker 5 (15:54):
We work together transparently, you will always know as a
client how we're compensated and and why our team is
recommending a particular investment or financial strategy. Our job is
to be your partner in making smart, informed decisions.
Speaker 4 (16:10):
If you are looking for an independent advisor who's accountable
to you, not a sales quota or lodge corporation, let's
have a conversation. You can reach our team at eighty
eighty eight eight hundred eighteen eighty one once again. Our
phone number is eight eight eight eight hundred eighteen eighty one.
Speaker 5 (16:27):
Or visit us on the web Kelly Financial dot org.
Speaker 4 (16:31):
Let's take a quick break and when we return, I'll
share a bit more about my journey into the financial
advisory business and what we think makes Kelly Financial unique.
Speaker 1 (16:43):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you on understand if an advisor is really putting
you first. For the book, call eight eight eight eight
(17:05):
hundred and eighteen eighty one or email Kelly at Kellyfinancial
dot org. We're Kelly Financial. Come retire with us.
Speaker 7 (17:14):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly, who today tests time time.
Speaker 6 (17:24):
You don't have as much left today as you had yesterday.
It's the rule of science. When's the best time to
plant a tree twenty years ago? When's the second best
time to plant a tree? Tomorrow? Today? Whenever you can
get to it, that's the next best time.
Speaker 7 (17:40):
There's no time like the present to begin saving, planning,
and enjoying retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and a retirement
well lived. Go to Kelly Financial dot org or call
(18:00):
eight eight eight eight hundred eighteen eighty one to spend
some time with one of our financial advisors.
Speaker 6 (18:06):
Time, ladies and gentlemen, it's not too late.
Speaker 7 (18:09):
We are Kelly Financial. Come retire with.
Speaker 3 (18:11):
Us and we're back. Hi.
Speaker 2 (18:17):
Everyone, I'm William Kelly Junior and you're listening to Safe
Money Strategies. I'm here tonight with someone I know pretty well,
my mom, Kelly Kelly, CEO of Kelly Financial.
Speaker 3 (18:27):
Hi, Mom, how are you?
Speaker 1 (18:28):
I'm great, William, and I'm especially excited to be here
with you on WBZ for our Saturday night debut. To
all of our listeners, Welcome. I'm Kelly Kelly, and this
is Safe Money Strategies, our family run financial show, and
for twenty two years we've helped families take a safe,
(18:50):
smart and steady approach to retirement. And now we're bringing
that same message and a little bit of our family
dynamic to the WBZ audience.
Speaker 2 (19:00):
That's right, and tonight we're starting with something a lot
of folks think about, but sometimes it's late. We're talking
about how to build a retirement nest ex even if
you're getting a late start. So mom, let's say someone's
in their forties, fifties, maybe even sixties, and they're just
now getting serious about retirement.
Speaker 3 (19:16):
What should they do first?
Speaker 1 (19:18):
Don't panic. It's never too late to start, and there
are real steps people can take to make up for
lost time. Catch up contributions, smarter budgeting, even extending their
work life a bit. It all helps build momentum.
Speaker 3 (19:36):
Okay, but let's be honest.
Speaker 2 (19:37):
A lot of people hit their fifties and realize they
haven't saved nearly enough.
Speaker 3 (19:40):
What's the very first step?
Speaker 1 (19:42):
Start with the mindset, stop dwelling on what you have
not done, and start focusing on what you can do.
Get a written plan, get serious, then stick to it.
Speaker 2 (19:54):
Okay, and what if someone feels embarrassed like I should
have started this twenty years ago.
Speaker 1 (19:59):
It can happen. But here's the truth. Regret doesn't grow
your savings. Action does, and even small steps can make
a big difference.
Speaker 3 (20:09):
Let's talk about budgeting. That's where it gets real.
Speaker 1 (20:12):
Absolutely, you can't save what you don't track. Take a
look at where every dollar goes. Cut what isn't aligned
with your goals and reallocate that money to savings.
Speaker 3 (20:24):
So it's not too late for a comfortable retirement.
Speaker 1 (20:27):
Not necessarily. You may need to adjust your expectations or
delay retirement a bit, but comfort and peace of mind
are still within reach if you're strategic.
Speaker 3 (20:38):
Let's break down catch up contributions. What are they?
Speaker 1 (20:41):
Once you hit age fifty, the IRS lets you put
more into your retirement accounts in twenty twenty five. That's
an extra seven five hundred dollars for four to zero
one ks and an extra one thousand dollars for iras.
That's a big help.
Speaker 3 (21:00):
So how should someone take advantage?
Speaker 1 (21:01):
Automate contributions right through payroll and when you get a
raisor bonus, don't spend it. Increase your retirement savings instead.
Speaker 3 (21:11):
What about working longer? Does that really help?
Speaker 1 (21:13):
It does? Even two to five extra years can mean
more savings, a delay in withdrawals, and higher Social Security benefits.
Speaker 3 (21:23):
But full time work isn't the only option, right.
Speaker 1 (21:26):
Right, Even part time work buys you time, you're not
dipping into your savings, and that makes a difference.
Speaker 2 (21:33):
We've talked about automating savings on past shows. Why is
that so powerful?
Speaker 1 (21:38):
Because it takes WheelPower out of the equation. If money
goes straight into your retirement account before you even see it,
that's how you build discipline.
Speaker 3 (21:48):
But what if money's already tight, Then.
Speaker 1 (21:50):
It's time to trim the extras, cancel subscriptions you don't use,
cut back on takeout. Look at every leak in the budget.
You'd be amazed at how much can be redirected into savings.
Speaker 3 (22:03):
So even two hundred a month can really add up.
Speaker 1 (22:05):
Yes, over ten years with compounding, that can turn into
tens of thousands of dollars.
Speaker 3 (22:12):
What's a conservative way to start?
Speaker 1 (22:14):
Start with just five percent of your next paycheck, then
bump it up every year or whenever you get a raise.
Speaker 2 (22:21):
Okay, let's talk about hidden savings. What are they?
Speaker 1 (22:24):
That's money you're not seeing. Maybe it's an unused vehicle
you can sell, a hobby that can bring in a
side income, or even reallocating underused assets.
Speaker 3 (22:38):
Sounds like a total budget reset.
Speaker 1 (22:39):
It is, and there are tools app spreadsheets or a
financial advisor to help you see the big picture and
spot opportunities.
Speaker 3 (22:49):
What expenses surprise people?
Speaker 1 (22:51):
Most auto renewals, pricey cable packages and frequent takeout. They
add up fast, but we often don't notice.
Speaker 3 (22:59):
So when people find extra cash, what should they do? First?
Speaker 1 (23:02):
Pay down high interest debt, then start building retirement savings
and an emergency find for someone.
Speaker 2 (23:10):
Who feels behind, How does a financial advisor really help?
Speaker 1 (23:13):
We offer clarity. We look at the full financial picture, income, debt,
savings and create a custom plan that works for where
they are right now.
Speaker 3 (23:24):
And what if someone doesn't have a lot of income, We.
Speaker 1 (23:26):
Help with that too. As fiduciaries, we focus on getting
the most out of every dollar, helping people avoid mistakes
and stick to a smart plan.
Speaker 2 (23:36):
That's encouraging. It's good to know that even if you're behind,
you don't have to go it alone.
Speaker 1 (23:41):
That's right. You just need to take the first step
and we're here to help with the rest.
Speaker 3 (23:46):
Do we have a resource for folks who want to
learn more?
Speaker 1 (23:48):
We sure do. Our free guide Designing your Physical House
to Weather the Elements is a step by step blueprint
for retirement planning, just like an architects plan for a
strong home.
Speaker 2 (24:01):
That sounds like a great place to start. Even if
you're trying to catch up, this guy could really help
clear things up to.
Speaker 1 (24:07):
Get your free copy and book a complementary appointment with
one of our advisors. Just call eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.
Speaker 2 (24:21):
That's all the time we have for now. Thanks for
joining me, William Kelly Junior. When we come back, we'll
dive into even more smart moves like when to take
social Security, how to handle debt, and ways to build
a solid plan even late in the game. You're listening
to Safe Money Strategies right here on WBZ and streaming
on the iHeart app. Stick around.
Speaker 3 (24:39):
There's more ahead.
Speaker 2 (24:42):
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 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 you've worked
(00:27):
so hard to build. We're a proud, family run firm
based right here in New England, and for over twenty
two years, we've helped thousands of families plan for the
next chapter with clarity and confidence. You may know us
from our two decades on the AM airwaves, and now
we're thrilled to bring that same trusted voice to WBZ.
(00:50):
This show is about more than just money. It's about
peace of mind, purpose, and making smart decisions that support
the people you love. Each week, I'm joined by my children,
William Kelly Junior and Mary Mattelie Kelly, along with our
incredible team of fiduciary advisors. Together, we share practical strategies,
(01:12):
personal stories, and a few laughs along the way. We'll
cover everything from inflation and taxes to income planning, market trends,
and how to leave a lasting legacy. Because retirement isn't
the end of the story. It's the beginning of a
new one. So if you're winding down for the evening
course something relaxing, settle in and spend a little time
(01:34):
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 (01:46):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred and one or
go to Kelly Financial dot org. That's Kelly at Kelly
Financial dot org.
Speaker 1 (02:02):
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 part of the show we call Forever Young. It's
where I sit down with my son, William Kelly Junior,
and we talk about life, what's going on in the world,
(02:23):
in our family, and what really matters most when you're
planning for the future. Sometimes it's light, sometimes it's thoughtful,
but it's always real. Good evening, William, how are you.
Speaker 3 (02:35):
I'm well, momming yourself.
Speaker 1 (02:36):
I'm doing great, and I'm happy to be here, and
I am this Saturday night at nine o'clock.
Speaker 3 (02:42):
Isn't that unique? Huh?
Speaker 2 (02:44):
It's something very interesting and I think it's a it's
truly a pleasure to be here on WBZ. It's a
wonderful radio station and we've been listening to it for
a while now, and we really enjoy a lot of
the content they put up on here. And I have
to say typical. We're used to doing this Saturday morning,
but here we are on the eve, I know. So
I think our listeners deserve an introduction to our segment
(03:07):
a great and especially since this is our first show now,
Ladies and gentlemen, Mom and I we've been doing Forever
Young for a couple of years now, and our Safe
Money Strategy show has been airing.
Speaker 1 (03:18):
Actually, William, you're not going to believe this, but I
think it's been more like five.
Speaker 3 (03:23):
It's been five years.
Speaker 2 (03:25):
Yes, well, I apologize, Ladies and gentlemen, we've been doing
this for five years.
Speaker 1 (03:29):
It being so much fun. It's only felt like to.
Speaker 3 (03:32):
I guess seriously, that's how it feels. It just feels
like a couple.
Speaker 1 (03:36):
Yeah.
Speaker 3 (03:37):
Wow, that's a very fun fact right there.
Speaker 2 (03:40):
I was not aware of that. So, ladies, and gentlemen,
we have been going on for half a decade.
Speaker 1 (03:45):
Yes, Yes, and our audience, our listeners, have gotten to
know you William over the years. They've watched you grow
along with me. And each week I never know what
we're going to talk about it truly, we don't.
Speaker 2 (03:58):
It's always spontaneous and it's really just out of the
moment and what happens in our life, agreed. So it's
like for those who are new this segment, you know,
and who have listened to the show so far, you
probably understand that we talk a lot about finance, and
we talk about a lot about self improvement and a
lot of helpful, unique things. But this is a little
(04:20):
more unscripted, you could say. It's a little more off
the walls in a positive way. It's kind of more
of our just down to earth segment where we don't
really necessarily talk about strictly financial topics, you know, or
strictly things that may help, but we just talk about
life and what's going on. So we've been on AM
radio waves for over twenty years and we are still
(04:42):
going and we love every second of it. My father
originally was the spearheader of the show. He was the figure,
and he passed away in twenty seventeen, and we decided
we're not going to stop, and we haven't quit since then.
Speaker 1 (04:56):
We've been carrying on.
Speaker 3 (04:58):
Yes, ma'am. So we're again very fortunate to be here
on WBZ.
Speaker 1 (05:03):
We've had a lot going on this week we have.
Speaker 3 (05:06):
It's truly even busy.
Speaker 1 (05:07):
Yeah, I mean, what was your highlight of the week.
Speaker 2 (05:10):
The highlight I would absolutely say was touring Bryant University.
Speaker 1 (05:15):
How did I know you were going to say that.
Speaker 2 (05:16):
Ladies and gentlemen. So a lot of you may not
know me, but I recently just graduated high school. I
graduated high school about a year ago, and instead of
going directly to college, I said, I want to take
a gap year, and so I took the whole gap
year and it's coming to an end soon, and I
decided to work. I just as soon as I graduated,
I wanted to work a job. And then after I
worked a job, I wanted to travel. So I did
(05:38):
some traveling kind of knocked that out of the water
for about a month, and then after that I decided
I want to work in a couple of projects. So
one project is a super secret which I can't share,
ladies and gentlemen, but soon it will be shared, soon,
very soon, And I think people aged eighteen to twenty
eight are going to love it. So if you have
grandchildren or children in that age group ain't even a
(05:58):
little older, it doesn't matter. This I built it for them,
and that's all that matters. And I also decided to
start a company, and so I've been focused on that,
and I've been very fortunate to have such a successful
and productive gap year. And I was able to go
have my first powerlifting meat ever, which I had trained
for for months, and I became a state champion, which
(06:18):
was truly an honor, and a junior class champion. It
was such a wonderful time, and it was a wonderful
family day. I mean, this whole gap year was a
wonderful decision. So, ladies and gentlemen, I will say, if
you have children or grandchildren and they're a little bit
unclear about what they want to do, or maybe they're
a little burnt out, or maybe they want to explore
(06:42):
a little bit, or maybe they want to work a
little bit.
Speaker 3 (06:45):
A year never hurt anybody.
Speaker 2 (06:48):
And my cousin, she's a professor at university of Rhode Island,
and for those who know, Uri took great school. And
she was telling me that some of the best students
she had, some of the most well rounded, confident, calm
and sure of themselves students she had were the ones
who took gap years. And I've only heard good things
(07:09):
about gap years, and honestly, this gap year was only
a good thing, and I learned a lot. So just
to sum all of that up, ladies and gentlemen, that's
what I've been doing. And now I'm applying for college
and Bryant University stood out to me. It stood out
to me like no other college. Like Mom, you can
(07:30):
you attest to the fact that I've never been interested
in any other college until I saw Brian.
Speaker 1 (07:34):
Yes, yes, you have singled out the school you're interested in.
And we'll see what happens.
Speaker 2 (07:41):
We will, And I'm gonna work very hard and I'm
gonna try my best. I want to I want to
provide a lot of value to Bryant University and I
want them to be happy to have me as a student.
That's my goal because it's a really good school and
I feel like I have a lot to offer them,
and I feel like they have a lot to offer
their students.
Speaker 1 (07:59):
Great you would not have been ready a year ago.
Speaker 3 (08:03):
No, absolutely not, Ladies and gentlemen.
Speaker 1 (08:05):
You needed this time to accomplish a few goals that
you had and to get that mindset.
Speaker 3 (08:12):
I think agreed. I completely agree with you.
Speaker 1 (08:15):
So I think those of you who have children or
grandchildren and you have these feelings, don't be afraid to
break the status quo exactly because like in the grand
scheme of things, what's one year in your really young
life at their age.
Speaker 2 (08:30):
That's a little bit about my college process. I hope
everybody had a wonderful Fourth of July. Thank you for listening,
and I can't wait for more segments together. Mom here
on WBZ, do keep us on your dial.
Speaker 1 (08:42):
We have a lot of great information coming your way.
Mike du Set and Greg Workman will be sharing how
real relationships, smart planning and transparency set Kelly financial apart.
It's about more than money, It's about peace of mind.
Marry Madeline Kelly and Greg Murray are tackling a question
(09:04):
many families face. Should you help your adult children financially
or is it time to set some boundaries? And I'll
be back with William in a bit and we will
dive into how to build a retirement nest egg, especially
if you are getting a late start. And of course
we have some wit and wisdom from the late Bill
(09:26):
Kelly at the end of the hour, his wisdom never
grows old. And that's a wrap for forever, young tonight.
Thank you for listening, and William, thank you for joining me.
Speaker 3 (09:38):
I love you, honey, I love you too, and as do.
Speaker 2 (09:40):
I 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 4 (10:00):
Good evening, a Mike Ducett, Chief operating Officer at Kelly
Financial Services. You are listening to the inaugural WBZ broadcast
of Safe Money Strategies, where we believe your financial future
should be built on confidence, not anxiety. Joining me this
evening is my colleague and one of the investment advisors
on our team, Greg Workman.
Speaker 5 (10:21):
We're here every week to help you make smarter, safer
financial choices without the confusing industry jargon and most importantly,
without the stress.
Speaker 4 (10:33):
Whether you are saving for retirement, planning for a legacy,
or just trying to make sense of today's markets. We've
got real world advice, personal stories, and hopefully a few
laughs along the way. First off, it is a joy
and honor to be broadcasting on the very airwaves that
featured some local legends. I remember listening to Dave Maynard
(10:53):
who hosted Maynard in the Morning on this very station.
Speaker 5 (10:57):
Gary Lapierre, David Brudnoy, and of course my personal favorite,
Larry Glick.
Speaker 4 (11:03):
Larry that easygoing manner, great sense of humor.
Speaker 3 (11:06):
He was very entertaining.
Speaker 5 (11:07):
He'd talk about anything and everything, from personal problems to
world issues. Larry was the.
Speaker 4 (11:13):
Best at wellgreg big shoes to fill, no pressure.
Speaker 3 (11:17):
Yeah, here goes.
Speaker 4 (11:18):
Let's introduce ourselves and get this broadcast rolling, shall we absolutely?
Speaker 5 (11:22):
Where would you like to start?
Speaker 4 (11:24):
I thought we'd share a bit about our respective personal
stories and how we got into the business of helping
people make smart decisions with their money. Then let's talk
a bit about Kelly Financial. Why over seventeen hundred clients,
most of whom are New Englanders, continue to trust us
with their hard earned savings in what makes our company different?
(11:44):
Let's do it awesome. I'll kick things off. I grew
up in the North Shore area, married a girl from
the South Shore, and now I live south of Boston
with our three boys to our college age, and one
is about to graduate from high school.
Speaker 5 (11:58):
You actually went from the land of roast beef sandwiches
to the land of pub pizza.
Speaker 4 (12:02):
Oh it's true, and I have yet to find a
good North Shore roast beef like the kind I grew
up with. I'm starting to lose hope.
Speaker 5 (12:11):
In contrast, I grew up on the South Shore, married
a girl from Vermont who stayed in the Boston area
after college, and like you, we live on the South
Shore with our twin boys that are preschool age.
Speaker 4 (12:23):
I know they keep you on your toes. I remember
those days. Young parents often feel a complex mix of emotions,
from joy and love to anxiety and feelings of being overwhelmed.
Speaker 5 (12:33):
You said it our house. It has a bit of
an open floor plan, and it looks like Poultergeist when
it appears the dining room chairs are just moving around
in the next room, completely on their own because you
can't see the two and a half foot bodies pushing
them from behind.
Speaker 4 (12:49):
You and your wife are doing a great job, and
your boys will turn out great. When it comes to
your work life, I've always admired your passion for helping
people make smart decisions with their harder money, and you
have a good story as to how you got into
the financial advice business. Share that with our listeners, if
you will.
Speaker 5 (13:07):
My dad worked for the state and my mom stayed
at home after I was born. We lived comfortably, but
at an early age I suspected we were careful with
our money.
Speaker 3 (13:17):
I'd get off.
Speaker 5 (13:18):
The bus in junior high school and see envelopes in
the mailbox from Vanguard, t row Price, and Fidelity Investments.
Speaker 4 (13:27):
And you asked your dad, what the heck is all
of this?
Speaker 6 (13:29):
Right?
Speaker 5 (13:30):
Yeah, it's pretty much how it started. You know, my
dad didn't make a ton of money, and he wanted
to make the most of what he had. He taught
himself about investing by reading a lot, which included going
to the public library to read back issues of Money
magazine and study Morning Star reports on different investments. I
(13:50):
tagged along and picked up enough information that I was
absolutely hooked on the concept of investing.
Speaker 4 (13:57):
So what intrigued you.
Speaker 3 (13:59):
That make it?
Speaker 5 (14:00):
Smart money decisions leads to wealth building, which leads to
greater financial security and freedom to pursue your desired lifestyle. Also,
I really liked the idea of being in control of
a repeatable process. How doing a little homework could result
in some very exciting results. When it comes to money,
(14:23):
most of us are working with limited resources, so why
not do everything in our control to make the most
of it.
Speaker 4 (14:31):
It is truly a light bulb moment when it starts
to come together. It's exciting, and I know you love
to share that passion and excitement with our clients, which
is great to watch. You also love people, which serves
you well in this profession. I movel at the way
you can connect with almost anyone about anything.
Speaker 5 (14:47):
I do enjoy forming and maintaining personal relationships. Many of
our clients have become like family. Our business model, which
I know we'll touch on in a moment, allows me
to focus on the service, which is the right way
to do business. And when the focus is on the client,
not my mortgage payment, the result is long lasting, meaningful
(15:09):
connections with our clients.
Speaker 4 (15:11):
That's a good segue. Let's talk about Kelly Financial, why
we choose to work with the Kelly family, and why
clients choose.
Speaker 3 (15:18):
To work with us.
Speaker 5 (15:19):
At Kelly Financial, we are a fiduciary financial advisor, which
means we're legally and ethically obligated to act in your
best interest always. I'm a salaried employee that never makes
recommendations that benefit the firm more than you, the customer.
Speaker 4 (15:38):
Our role is to help you clarify your goals, understand
your options, and build a strategy that aligns with what
you want for your future, whether that's retiring comfortably, minimizing taxes,
or just having peace of mind knowing everything is going
to be okay.
Speaker 5 (15:54):
We work together transparently, you will always know as a
client how we're compensated and and why our team is
recommending a particular investment or financial strategy. Our job is
to be your partner in making smart, informed decisions.
Speaker 4 (16:10):
If you are looking for an independent advisor who's accountable
to you, not a sales quota or lodge corporation, let's
have a conversation. You can reach our team at eighty
eighty eight eight hundred eighteen eighty one once again. Our
phone number is eight eight eight eight hundred eighteen eighty one.
Speaker 5 (16:27):
Or visit us on the web Kelly Financial dot org.
Speaker 4 (16:31):
Let's take a quick break and when we return, I'll
share a bit more about my journey into the financial
advisory business and what we think makes Kelly Financial unique.
Speaker 1 (16:43):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest? My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you on understand if an advisor is really putting
you first. For the book, call eight eight eight eight
(17:05):
hundred and eighteen eighty one or email Kelly at Kellyfinancial
dot org. We're Kelly Financial. Come retire with us.
Speaker 7 (17:14):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly, who today tests time time.
Speaker 6 (17:24):
You don't have as much left today as you had yesterday.
It's the rule of science. When's the best time to
plant a tree twenty years ago? When's the second best
time to plant a tree? Tomorrow? Today? Whenever you can
get to it, that's the next best time.
Speaker 7 (17:40):
There's no time like the present to begin saving, planning,
and enjoying retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and a retirement
well lived. Go to Kelly Financial dot org or call
(18:00):
eight eight eight eight hundred eighteen eighty one to spend
some time with one of our financial advisors.
Speaker 6 (18:06):
Time, ladies and gentlemen, it's not too late.
Speaker 7 (18:09):
We are Kelly Financial. Come retire with.
Speaker 3 (18:11):
Us and we're back. Hi.
Speaker 2 (18:17):
Everyone, I'm William Kelly Junior and you're listening to Safe
Money Strategies. I'm here tonight with someone I know pretty well,
my mom, Kelly Kelly, CEO of Kelly Financial.
Speaker 3 (18:27):
Hi, Mom, how are you?
Speaker 1 (18:28):
I'm great, William, and I'm especially excited to be here
with you on WBZ for our Saturday night debut. To
all of our listeners, Welcome. I'm Kelly Kelly, and this
is Safe Money Strategies, our family run financial show, and
for twenty two years we've helped families take a safe,
(18:50):
smart and steady approach to retirement. And now we're bringing
that same message and a little bit of our family
dynamic to the WBZ audience.
Speaker 2 (19:00):
That's right, and tonight we're starting with something a lot
of folks think about, but sometimes it's late. We're talking
about how to build a retirement nest ex even if
you're getting a late start. So mom, let's say someone's
in their forties, fifties, maybe even sixties, and they're just
now getting serious about retirement.
Speaker 3 (19:16):
What should they do first?
Speaker 1 (19:18):
Don't panic. It's never too late to start, and there
are real steps people can take to make up for
lost time. Catch up contributions, smarter budgeting, even extending their
work life a bit. It all helps build momentum.
Speaker 3 (19:36):
Okay, but let's be honest.
Speaker 2 (19:37):
A lot of people hit their fifties and realize they
haven't saved nearly enough.
Speaker 3 (19:40):
What's the very first step?
Speaker 1 (19:42):
Start with the mindset, stop dwelling on what you have
not done, and start focusing on what you can do.
Get a written plan, get serious, then stick to it.
Speaker 2 (19:54):
Okay, and what if someone feels embarrassed like I should
have started this twenty years ago.
Speaker 1 (19:59):
It can happen. But here's the truth. Regret doesn't grow
your savings. Action does, and even small steps can make
a big difference.
Speaker 3 (20:09):
Let's talk about budgeting. That's where it gets real.
Speaker 1 (20:12):
Absolutely, you can't save what you don't track. Take a
look at where every dollar goes. Cut what isn't aligned
with your goals and reallocate that money to savings.
Speaker 3 (20:24):
So it's not too late for a comfortable retirement.
Speaker 1 (20:27):
Not necessarily. You may need to adjust your expectations or
delay retirement a bit, but comfort and peace of mind
are still within reach if you're strategic.
Speaker 3 (20:38):
Let's break down catch up contributions. What are they?
Speaker 1 (20:41):
Once you hit age fifty, the IRS lets you put
more into your retirement accounts in twenty twenty five. That's
an extra seven five hundred dollars for four to zero
one ks and an extra one thousand dollars for iras.
That's a big help.
Speaker 3 (21:00):
So how should someone take advantage?
Speaker 1 (21:01):
Automate contributions right through payroll and when you get a
raisor bonus, don't spend it. Increase your retirement savings instead.
Speaker 3 (21:11):
What about working longer? Does that really help?
Speaker 1 (21:13):
It does? Even two to five extra years can mean
more savings, a delay in withdrawals, and higher Social Security benefits.
Speaker 3 (21:23):
But full time work isn't the only option, right.
Speaker 1 (21:26):
Right, Even part time work buys you time, you're not
dipping into your savings, and that makes a difference.
Speaker 2 (21:33):
We've talked about automating savings on past shows. Why is
that so powerful?
Speaker 1 (21:38):
Because it takes WheelPower out of the equation. If money
goes straight into your retirement account before you even see it,
that's how you build discipline.
Speaker 3 (21:48):
But what if money's already tight, Then.
Speaker 1 (21:50):
It's time to trim the extras, cancel subscriptions you don't use,
cut back on takeout. Look at every leak in the budget.
You'd be amazed at how much can be redirected into savings.
Speaker 3 (22:03):
So even two hundred a month can really add up.
Speaker 1 (22:05):
Yes, over ten years with compounding, that can turn into
tens of thousands of dollars.
Speaker 3 (22:12):
What's a conservative way to start?
Speaker 1 (22:14):
Start with just five percent of your next paycheck, then
bump it up every year or whenever you get a raise.
Speaker 2 (22:21):
Okay, let's talk about hidden savings. What are they?
Speaker 1 (22:24):
That's money you're not seeing. Maybe it's an unused vehicle
you can sell, a hobby that can bring in a
side income, or even reallocating underused assets.
Speaker 3 (22:38):
Sounds like a total budget reset.
Speaker 1 (22:39):
It is, and there are tools app spreadsheets or a
financial advisor to help you see the big picture and
spot opportunities.
Speaker 3 (22:49):
What expenses surprise people?
Speaker 1 (22:51):
Most auto renewals, pricey cable packages and frequent takeout. They
add up fast, but we often don't notice.
Speaker 3 (22:59):
So when people find extra cash, what should they do? First?
Speaker 1 (23:02):
Pay down high interest debt, then start building retirement savings
and an emergency find for someone.
Speaker 2 (23:10):
Who feels behind, How does a financial advisor really help?
Speaker 1 (23:13):
We offer clarity. We look at the full financial picture, income, debt,
savings and create a custom plan that works for where
they are right now.
Speaker 3 (23:24):
And what if someone doesn't have a lot of income, We.
Speaker 1 (23:26):
Help with that too. As fiduciaries, we focus on getting
the most out of every dollar, helping people avoid mistakes
and stick to a smart plan.
Speaker 2 (23:36):
That's encouraging. It's good to know that even if you're behind,
you don't have to go it alone.
Speaker 1 (23:41):
That's right. You just need to take the first step
and we're here to help with the rest.
Speaker 3 (23:46):
Do we have a resource for folks who want to
learn more?
Speaker 1 (23:48):
We sure do. Our free guide Designing your Physical House
to Weather the Elements is a step by step blueprint
for retirement planning, just like an architects plan for a
strong home.
Speaker 2 (24:01):
That sounds like a great place to start. Even if
you're trying to catch up, this guy could really help
clear things up to.
Speaker 1 (24:07):
Get your free copy and book a complementary appointment with
one of our advisors. Just call eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.
Speaker 2 (24:21):
That's all the time we have for now. Thanks for
joining me, William Kelly Junior. When we come back, we'll
dive into even more smart moves like when to take
social Security, how to handle debt, and ways to build
a solid plan even late in the game. You're listening
to Safe Money Strategies right here on WBZ and streaming
on the iHeart app. Stick around.
Speaker 3 (24:39):
There's more ahead.
Speaker 2 (24:42):
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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