October 18, 2025 • 24 mins
This week on Forever Young, Kelly Kelly and her son William Kelly Jr. reflect on an extraordinary afternoon at the iHeartMedia Studios, where Kelly Financial Services joined WRKO’s Jeff Kuhner for a live event hosted by iHeartMedia. The gathering was filled with gratitude, legacy, and laughter - a heartfelt reminder of how faith, family, and purpose continue to guide the Kelly Financial mission. Kelly and William share personal reflections on that special day with Jeff Kuhner, John Budris, and Mary Madeline Kelly, recalling how their 13-year friendship with Jeff and his wife, Grace Vuoto, has deepened over time. Their conversation blends heartfelt memories with forward-looking optimism - proof that the best partnerships grow from shared values and trust. The program also highlights a special moment from John Budris’ announcement - his plan to transform his longtime family home into a place of peace and care for those nearing life’s end, dedicating a wing of that home to the William A. Kelly family - a beautiful gesture of friendship, compassion, and lasting legacy.
During the live event, Kelly Financial’s fiduciary team shared their own reflections on the firm’s culture and mission.
• Mike Doucette, Chief Operating Officer, spoke about the firm’s 98% client retention rate - a testament to the trust and relationships Kelly Financial has built over more than two decades.
• Greg Workman reflected on what makes Kelly Financial different, emphasizing the peace of mind that comes from being part of a team focused on service rather than sales - a place where advisors can truly put clients first.
• Greg Murray shared a moving tribute to Bill Kelly, recalling how Bill mentored him in his early years and inspired the purpose that still drives his work today, more than 15 years later.
Later in the show, Mike Doucette and Greg Workman present a powerful case study illustrating how thoughtful income and protection strategies can bring lasting peace of mind, while Mary Madeline Kelly and Greg Murray
take on the timely question, “Should you ever invest in gold or crypto?” offering listeners practical insight into where these alternative assets may, or may not, fit within a sound retirement plan. Kelly and William then explore the theme of momentum - how steady, thoughtful action turns financial confidence into lifelong progress - before the program concludes with The Wit and Wisdom of Bill Kelly, a timeless reminder of the values that continue to shape Kelly Financial Services today.
It’s an inspiring blend of gratitude, insight, and guidance - where every story, from the studio to the stage,
reminds us that true financial confidence begins with faith, family, and purpose.
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.
During the live event, Kelly Financial’s fiduciary team shared their own reflections on the firm’s culture and mission.
• Mike Doucette, Chief Operating Officer, spoke about the firm’s 98% client retention rate - a testament to the trust and relationships Kelly Financial has built over more than two decades.
• Greg Workman reflected on what makes Kelly Financial different, emphasizing the peace of mind that comes from being part of a team focused on service rather than sales - a place where advisors can truly put clients first.
• Greg Murray shared a moving tribute to Bill Kelly, recalling how Bill mentored him in his early years and inspired the purpose that still drives his work today, more than 15 years later.
Later in the show, Mike Doucette and Greg Workman present a powerful case study illustrating how thoughtful income and protection strategies can bring lasting peace of mind, while Mary Madeline Kelly and Greg Murray
take on the timely question, “Should you ever invest in gold or crypto?” offering listeners practical insight into where these alternative assets may, or may not, fit within a sound retirement plan. Kelly and William then explore the theme of momentum - how steady, thoughtful action turns financial confidence into lifelong progress - before the program concludes with The Wit and Wisdom of Bill Kelly, a timeless reminder of the values that continue to shape Kelly Financial Services today.
It’s an inspiring blend of gratitude, insight, and guidance - where every story, from the studio to the stage,
reminds us that true financial confidence begins with faith, family, and purpose.
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 (00:03):
Good evening and welcome to Safe Money Strategies right here
on WBZ News Radio. I'm Kelly Kelly, founder of Kelly
Financial Services, and your host tonight. I'm so glad you're
with us. Every Saturday night at nine pm, we bring
you real conversations about retirement, resilience and protecting the life
(00:27):
you've worked so hard to build. We're a proud, family
run firm based right here in New England, and for
over twenty two years, we've helped thousands of families plan
for the next chapter with clarity and confidence. You may
know us from our two decades on the AM airwaves,
and now we're thrilled to bring that same trusted voice
(00:50):
to WBZ. This show is about more than just money.
It's about peace of mind purpose in making smart decisions
that support the people you love. Each week, I'm joined
by my children, William Kelly Junior and Mary Madeline Kelly,
along with our incredible team of fiduciary advisors. Together, we
(01:11):
share practical strategies, personal stories, and a few laughs along
the way. We'll cover everything from inflation and taxes to
income planning, market trends, and how to leave a lasting legacy.
Because retirement isn't. The end of the story is the
beginning of a new one. So if you're winding down
(01:32):
for the evening, pour something relaxing, settle in and spend
a little time with us. You're in good company and
we're glad you're here. This is Safe Money Strategies where family, finance,
and your future come together.
Speaker 2 (01:50):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred twenty and one
or go to Kelly Financial dot org. That's Kelly at
Kelly Financial dot org.
Speaker 1 (02:07):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Young,
where I sit down with my son, William Kelly Junior
and we talk about life, what's going on in the world,
and our family and what really matters most when you're
(02:30):
planning for the future. Sometimes it's light, sometimes it's thoughtful,
but it's always real. Good evening, William, how are you.
Speaker 2 (02:39):
I'm fine, mob, How are you.
Speaker 1 (02:40):
I'm doing great. I'm doing great.
Speaker 2 (02:42):
I know. We had a very successful event, didn't we
We did.
Speaker 1 (02:45):
We did on October fifteenth, Wednesday afternoon, and it was
with Jeff Coooner at the iHeartMedia Studios and it was
just fabulous.
Speaker 2 (02:58):
It really was. Yeah, we also had some advisor there.
Mike Ducett was there, Greg Workman was there, Greg Murray
was there, Brig Madalin was there.
Speaker 1 (03:05):
Mike Ducet, who is also our chief operating officer, spoke
about our firm's ninety eight percent client retention rate. That
is a testament to the trust and relationships that we
have built for more than two decades. Greg Workman focused
on what makes Kelly Financial different. He also spoke that
(03:29):
we are more focused on service than sales and that
is a place where advisors can truly put clients first.
Speaker 2 (03:39):
John Boutris is even there. Yes, and John is doing
really well. He was very happy to be there and
he announced. So before I tell you what he announced,
I'm going to give you some context. John has a
three decker house in Brockton and it's been in his
family for generations and I mean generations. And who wrote
(04:00):
Baileybrook Farm, you know, a memoir on his growing up
in a farm in Middletown, Rhode Island. He always said
to John how much he regretted selling that house. I
think even wrote in it in his book Baileybrook Farm,
how he really regretted not being able to keep that farm.
And you know, the family sold it. And so he
(04:21):
always told John, no matter what, never sell that house,
Never sell that house. And so John has never sold
the house. And instead he's decided, you know, for his legacy,
he's going to convert it into a hospice care foundation.
That's beautiful, isn't it.
Speaker 1 (04:39):
It's so John Boutris.
Speaker 2 (04:40):
It is so John Boutris. He'd always been talking about
something along those lines, you know, but he would kind
of reminisce about it. But now that he's actually doing that,
it's just incredible. And I mean he is the plan down,
and ladies and gentlemen, I think at some point we'll
share more details because I would. I invite you to
contribute if you can, And the first and most important
(05:03):
thing you can contribute is prayers. That's the first thing, absolutely.
And the second thing is if if it is totally
appropriate and okay with you, if you would like to donate,
I know it would help John tremendously because there's a
lot of funding and I know he needs to get
and you know, John is very resourceful and I'm sure
he'll figure it out. Ladies and gentlemen, but I think
(05:25):
we can help.
Speaker 1 (05:26):
And I think legally he has all of that set up.
Speaker 2 (05:29):
He does. Yeah, so it's just obviously it's going to
be a process and it's going to take a couple
of years. But with his plan, it's very doable and
he's very organized and he knows the law and he
knows what things he needs to set up. Funding is
going to be a big part of it as well.
Speaker 3 (05:43):
Yeah.
Speaker 2 (05:43):
Yeah, so we're going to see I'm just so excited
for him because that's just beautiful.
Speaker 1 (05:49):
And there will be the will you make Cally Family wing.
Speaker 2 (05:53):
Yeah, he announced that at theoun It really was. The
event is recorded. I'm sure you'll find it if you're
part of our email blastom, I'm sure you'll be able
to see it.
Speaker 1 (06:02):
Absolutely.
Speaker 2 (06:03):
Yeah, it'll definitely be out. I was able to meet
a couple of folks who are interested in getting my
book and they asked me, where's your book, William, And
unfortunately I had to tell them that it's not out yet.
Speaker 1 (06:13):
A little close is close close.
Speaker 2 (06:16):
That's true, so it's almost out. It'll be out. I
would say, give me less than a month at tops
and Ladies and gentlemen, if you would like to get
a free copy, let us know.
Speaker 1 (06:25):
Yes, Kelly Financial Services is paying for the first run.
Speaker 2 (06:31):
Yes, ma'am, that's yes.
Speaker 1 (06:32):
And we will provide for our clients, for our listeners, friends, family, Oh.
Speaker 2 (06:38):
Yeah, yes.
Speaker 1 (06:39):
And William will be signing each and everyone and mailing
them out.
Speaker 2 (06:43):
That's right, that's right, So that'll be a lot of fun.
Jeff Kooner has been an amazing salesman. He if you
want someone to sell something for you, you just talked
to Jeff. Ladies and gentlemen, I said this Wednesday night.
He knows how to market and.
Speaker 1 (06:59):
He well, he believes in it, you know, whatever it
is that he believes in you.
Speaker 2 (07:03):
William, that's so sweet. He's been like a father to
me when I didn't have one. You know, he really
helped me grow up. And you know, I wanted him
to know that because that's true. He was a father
figure for me. He was, you know, more than what
he had done in the career side for us, which
is more than enough. He also is on the family
side and the spiritual side was a role model. He
just he's a gift that keeps on giving.
Speaker 4 (07:25):
You know.
Speaker 2 (07:26):
That's how I see it is he is.
Speaker 1 (07:28):
Wednesday night was like we were all sitting around like
our kitchen table with all these wonderful people.
Speaker 2 (07:36):
I know, my aunts and uncles and grandparents. It's literally
how it feels I grew up around them, you know.
And then I I'll see this one gentleman. I'm not
going to say his name, you know, to protect him,
but he's such a fine guy. We were talking. He said,
I remember when you were this high. He said, I
remember when I first met your father. It's incredible how
many people come in and they just they speak about
(07:58):
my dad. And keep in mind, lady and gentlemen, for
those who don't know, my dad passed away eight years ago,
and generally I don't mean this negatively, but sometimes people forget,
you know what I mean. But for my father to
make that much of an impact in this world where
people still come up and they talk about him like
it was yesterday, I remembered your father. I listened to
(08:19):
your father every weekend. I loved your father, you know,
to be honest, I expected to only hear that for
the first couple of years and then it be gone.
But here we are eight years later, Yeah, and it's
still these messages are still influence.
Speaker 1 (08:31):
He will always influence us. He always made me want
to be a better person, and I never wanted to
let him down.
Speaker 2 (08:38):
He inspires me and my businesses. He inspires Kelly Financial.
The reason why everybody dresses so sharp at Kelly Financial
is because of my father. The reason why we care
so much about family and God is because of my father.
And you you know what I mean. Keep mind you're
a co founder, and you know you're you're just as
Christian as my dad was.
Speaker 1 (08:55):
Yeah, I was always on the back end of things.
Speaker 2 (08:57):
Right, and you helped support him, but he was kind
of the He was the leader, and now you're the leader,
and now we're all supporting you. And he built the
foundation he did, and look at it now and just
these incredible It inspires me, It inspires Mary Madeline, inspires
our advisors talk about it, and they didn't know my
dad personally.
Speaker 1 (09:15):
I know, really Greg Murray was the only one.
Speaker 2 (09:18):
Yes.
Speaker 3 (09:18):
And Greg was saying Wednesday night that he that it
was he came into this industry because of Bill Kelly
and he worked with him for seven years and.
Speaker 1 (09:29):
Now it's been eight years that he's worked with me,
just me, And that's fantastic. He really is, really is.
And tonight we're actually celebrating.
Speaker 2 (09:40):
That's right. We're going to Newport.
Speaker 1 (09:41):
Special dinner, a special restaurant.
Speaker 2 (09:43):
Ark cook House, delicious, incredible place, Ladies and gentlemen.
Speaker 1 (09:48):
It was your father's favorite.
Speaker 2 (09:50):
Clark cook House was my dad's favorite. I think you
might have might have spent a little too much over there.
But you know, my dad was. He grew up very
poor and he was very proud of all the work
he was able to pomplished. Yes, as Jeff put it,
he was an old fashioned capitalist. It was like, you
know what you do well, you get wealthy, but then
you help everybody. Yeah, you know what I mean. Absolutely,
And Jeff even said he's like that's going away in America.
(10:12):
People are focusing too much on the numbers and the
spirit is out. And I agree with Jeff. I that's
the type of capitalists I want to be. That's a
type of capitalist we are. We really love our clients,
we do, William. It's incredible. So this is a gift.
It's a gift from God. This company is just a
culmination of that. So we're very proud to call all
(10:33):
of you our clients, and if you're a prospect, you're
welcome to any of these events.
Speaker 1 (10:36):
We'd love to meet, absolutely, absolutely, will said, William. Amen,
do keep us on your dial. We've got a lot
of great content coming your way. Mike, you said, and
Greg Workman. We'll share how one couple nearing retirement found
clarity and confidence by bringing every part of their plan
into focus. Mary, Madeline Kelly and Greg Murray will be
(10:58):
diving into a timely question should you ever invest in
gold or crypto and what role, if any, do they
really play in a solid retirement strategy. I will be
back with William. We will reflect on the power of momentum,
how small, steady actions can shape real financial progress and
(11:19):
peace of mind. And of course we'll close the hour
with some in wisdom from the late Bill Kelly. His
words continue to inspire and guide us. That's a wrap
for forever, Young Thank you for listening, and William, thank
you for joining me. We'll be back with more content.
I love you, Honey, I love you.
Speaker 2 (11:37):
Too, Mama. Call us today at eight hundred and eighty
one or visit us online at Kellyfinancial dot org to
schedule your complimentary retirement income analysis.
Speaker 5 (11:57):
Welcome back to Kelly Financial, Safe Money Strategies. I'm Mike Ducett,
chief operating officer here at Kelly Financial Services. Joining me
as always is Greg Workman, one of our firms investment advisors. Greg,
good to be with you again, Always.
Speaker 4 (12:11):
Great to be here, Mike. We've got a really interesting
discussion lined up tonight, a real world case study that
I think a lot of our listeners will be able
to relate to.
Speaker 5 (12:22):
Absolutely every week we talk about strategies to help you
plan and protect your retirement, but tonight we're going to
walk you through a real example of how we help
folks put those strategies into action. This week's case involves
a couple named Robert and Sheila right.
Speaker 4 (12:37):
Robert is fifty nine and Sheila is fifty seven. They
live on the Cell Shore, have four adult children, and
both are working full time. Robert works on it and
Sheila is a registered nurse who has been with the
same hospital system for more than thirty years.
Speaker 5 (12:54):
They're a hardworking couple and like many of our listeners,
they've done a good job saving over the years Robert
has about one onero point two million in his current
four oh one K, plus several IRA accounts that came
from previous employer rollovers. Sheila has built up around seven
hundred and fifty thousand in her four h three B.
They've also accumulated over one hundred thousand savings and own
(13:15):
a handful of CDs.
Speaker 4 (13:16):
That's a strong foundation, but there's more to their story.
They still have a mortgage with several years left, and
they've been debating whether it makes sense to pay it
off before retirement. On top of that, they're helping with
a few small student loans for their kids, and their
youngest daughter is getting married next year. They have generously
set aside a seventy five thousand dollars budget for her wedding.
Speaker 5 (13:41):
So while they've saved well, they're juggling a lot of
moving parts, debt decisions, cash flow needs, and timing big expenses,
all while trying to plan for retirement. Sheilah will qualify
for a pension through her hospital, and they'll both be
eligible for Social Security. They want to make the right
choices with both actually, since longevity runs in their families.
Speaker 4 (14:02):
And like so many people we meet, Roberts also starting
to question whether his investments match where he's about to
be in life. His four oh one K has been
invested pretty aggressively. He told us that he only changes
allocations every few years, usually after hearing an idea from
a colleague at work, but his gut is telling him
(14:24):
it's time to dial back the.
Speaker 5 (14:26):
Risk exactly, and Shala mentioned that her four H three
B hasn't performed as well as she expected, especially given
how strong the markets have been. That raised another concern,
how their money is being managed and whether it's working
efficiently for them.
Speaker 4 (14:41):
Their top concerns were clear running out of money, making
the wrong pension or social security decisions, and not knowing
if their investments were properly aligned with their goals.
Speaker 5 (14:53):
And those are legitimate concerns because all of those decisions
are interconnected. The pension choice impacts source security, timing, which
affects cash flow, taxes and ultimately how long the money
will last.
Speaker 4 (15:06):
That's why they reached out to us. They wanted clarity, structure,
and a plan that coordinates all the pieces their income,
investments and tax strategy into one cohesive.
Speaker 5 (15:18):
Roadmap exactly, and that's where the planning process really begins
understanding their options and building confidence in the choices they make.
So let's start with Sheila's pension because that was one
of her biggest questions.
Speaker 4 (15:31):
Sheila has been a nurse for over thirty years, and
like many in the healthcare field, she will have a
pension through her hospital system. When we met with her,
she had a few different options. She could take a
lumps on payout, a single life annuity, or a joint
and survivor benefit that would continue income to Robert if
she predeceased him.
Speaker 5 (15:50):
Correct, and what we explained to her is that the
right pension choice depends on several factors, health, longevity expectations,
other income sources, and how much flexibility they want in
their retirement income plan. For Robert and Shala, longevity runs
in the family, so a lifetime income stream made a
lot of sense.
Speaker 4 (16:10):
The joint and survivor option provided a bit less monthly
income up front, but it protected the surviving spouse for life.
It's not always the highest payout, but it is the
one that provides the highest level of peace of mind.
Speaker 5 (16:23):
And that's the key. We also looked at the lump
sum option. Sometimes taking a lump sum can make sense
if you want more control or flexibility with how those
dollars are invested, but it also introduces market risk. In
their case, given Shalea's desire for predictable income, we showed
how the pension could fit neatly into a structured income
(16:43):
plan alongside Social Security, which.
Speaker 4 (16:45):
Brings us to their next big question, when to start
taking Social Security. They're both leaning toward delaying because they're
in good health and longevity runs in the family, but
they really wanted to know how much of a difference
that would actually.
Speaker 5 (17:00):
Make right, and this is where math and planning really
come together. We ran multiple scenarios for them, claiming early,
claiming at full retirement age, and delaying until age seventy.
Speaker 4 (17:11):
And the results surprised them. By delaying, they could increase
their combined lifetime Social Security benefits by more than two
hundred thousand dollars compared to claiming early. But it wasn't
just about maximizing benefits. It was about aligning the timing,
what their income needs and overall tax picture.
Speaker 5 (17:31):
Exactly for Robert and shala the goal was to cover
their fixed expenses with guaranteed income. Shale his pension and
the delayed source security and then use their investment accounts
for discretionary spending and future growth.
Speaker 4 (17:44):
That's a smart way to structure it. Once your essential
expenses are covered by income sources that you can't outlive,
it takes the pressure off your portfolio. Now to mention,
you don't have to worry about day to day fluctuations
in the stock market, or at least not as much.
Speaker 5 (18:01):
And that's the foundation of what we call an income
first retirement plan. Start with predictable cash flow and then
build everything else around it. And that brings us to
the mid show break. After this, we'll dive into their
investment planning how Robert and Sheila evaluated risk, realigned their portfolios,
and prepared their money to support their retirement goals. You're
(18:22):
listening to safe money strategies. Stay tuned, We'll.
Speaker 2 (18:25):
Be right back.
Speaker 1 (18:28):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest. My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen
(18:51):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us and this is Kelly
Kelly and I'm back with my son William Kelly and
we still have our minds on our event earlier this
week with wrko's Jeff Cooner at iHeartMedia Studios for our
(19:14):
Kelly Financial and Jeff Kooner Live event. It was wonderful.
Clients and guests were connecting with Jeff, with us, with
our advisors, our Kelly Financial team. Throughout the event, the
room was full of energy and optimism as everyone came
(19:35):
together to talk about what truly matters at this time
of year.
Speaker 2 (19:40):
You could really feel that excitement. People were smiling, shaking hands,
and getting to know other people behind the voices they
hear every week. Many of the people that were longtime
clients joining together to enjoy the afternoon and reconnect with
our team. Others were attending a Kelly Financial event for
the first time, curious to put faces to the voices
they hear every week on WRKO. That's what momentum like,
(20:00):
showing up, participating and taking interest in your own financial wellbeing.
Speaker 1 (20:04):
Our show has aired on WRKO since two thousand and five,
and our collaboration with Jeff Kooner began around twenty twelve,
and over those years we've shared countless on air conversations
about preparation, protection, and long term planning. Wednesday's event reflected
(20:26):
that same spirit education, connection and.
Speaker 2 (20:31):
Purpose and momentum always begins with one intentional action. It
doesn't take a major change, just one small step. Scheduling
a review, updating beneficiaries are setting an extra percentage towards savings.
Each small move builds confidence and direction.
Speaker 1 (20:47):
That afternoon also reminded us how important it is to
pause and reflect. October marks eight years since my husband
and William's father, Bill Kelly, passed away. Bill and I
co founded Kelly Financial Services more than two decades ago,
built on the principle that education and trust create lasting security.
(21:13):
Seeing that message still resonate with so many people meant
a great deal to both of us.
Speaker 2 (21:20):
Momentum isn't only financial, it's generational in spirit. We saw
people of all ages, from newer investors to retirees, sharing ideas,
exchanging experiences, and taking something valuable away from the afternoon.
Whether you've been investing for decades, or you're just beginning
to plan. Those shared moments build confidence for the future.
Speaker 1 (21:40):
October really is one of the best months to check in.
The Year's not over, but there's still time to make
thoughtful adjustments, rebalance allocations, review cash reserves, or plan charitable
giving before the holidays. And if you're retired, you can
make sure those acquired minimum distributions are handled early, not
(22:03):
rushed in December.
Speaker 2 (22:05):
And I'd like to think of momentum as consistency over intensity.
It's not about doing everything at once. It's about staying consistent.
Pick one financial task this week and finish it. That
sense of completion builds motivation for the next step.
Speaker 1 (22:19):
For some, it might mean simplifying, organizing statements or consolidating accounts.
For others, it might mean confirming contributions or mapping out
charitable goals. Every bit of organization adds peace of mind,
and even.
Speaker 2 (22:36):
Beyond the financial steps, it's about creating a rhythm that
supports progress. Maybe you check your accounts once a month,
or meet with your advisor every quarter. Those small habits
turn into a lifestyle, not a chore.
Speaker 1 (22:48):
At Kelly Financial Services, our team of fiduciary advisors is
here to help clients keep that forward motion steadily, calmly,
and in a line with their values and goals. We
see our role as guides, helping people clarify where they are,
define where they want to be, and build a bridge
(23:11):
between the two.
Speaker 2 (23:12):
Here's a quick checklist for this season. One. Confirm your
contribution levels. If possible, increase by even one percent before
you're at Number two. Review beneficiaries and estate documents. Make
sure they reflect current wishes. Number three. Plan charitable gifts early.
Don't wait until December thirty first to make an impact.
Number four revisit cash reserves, keep six to twelve months
(23:35):
of expenses accessible. Number five schedule your year end review.
That one conversation can clarify your whole plan.
Speaker 1 (23:44):
Those five steps may seem small, but each one builds
confidence and control, and when you put them together, that's momentum, steady,
practical and achievable.
Speaker 2 (23:56):
And what I love about this time of the year
is the sense of renewal. It brings. Fall is a
reminder that changed me. Beautiful momentum doesn't mean rushing, It
just means being ready to learn more.
Speaker 1 (24:07):
Request our complementary year in checklist and action plan or
schedule a conversation with one of our fiduciary advisors at
Kelly at Kellyfinancial dot org is an easy way to
take that first step forward.
Speaker 2 (24:23):
Momentum begins with a single decision. The choice to take control,
learn and act.
Speaker 1 (24:29):
The power of momentum starts with one small step. Let's
keep moving forward together.
Speaker 2 (24:36):
Stay tuned, we'll be right back. Safe money strategies with
Kelly Kelly and her team called Kelly Financial at eighty
eight eight hundred one or go to Kelly Financial dot org.
That's Kelly at Kelly Financial dot org.
Good evening and welcome to Safe Money Strategies right here
on WBZ News Radio. I'm Kelly Kelly, founder of Kelly
Financial Services, and your host tonight. I'm so glad you're
with us. Every Saturday night at nine pm, we bring
you real conversations about retirement, resilience and protecting the life
(00:27):
you've worked so hard to build. We're a proud, family
run firm based right here in New England, and for
over twenty two years, we've helped thousands of families plan
for the next chapter with clarity and confidence. You may
know us from our two decades on the AM airwaves,
and now we're thrilled to bring that same trusted voice
(00:50):
to WBZ. This show is about more than just money.
It's about peace of mind purpose in making smart decisions
that support the people you love. Each week, I'm joined
by my children, William Kelly Junior and Mary Madeline Kelly,
along with our incredible team of fiduciary advisors. Together, we
(01:11):
share practical strategies, personal stories, and a few laughs along
the way. We'll cover everything from inflation and taxes to
income planning, market trends, and how to leave a lasting legacy.
Because retirement isn't. The end of the story is the
beginning of a new one. So if you're winding down
(01:32):
for the evening, pour something relaxing, settle in and spend
a little time with us. You're in good company and
we're glad you're here. This is Safe Money Strategies where family, finance,
and your future come together.
Speaker 2 (01:50):
Safe Money Strategies with Kelly Kelly and her team called
Kelly Financial at eighty eight eight hundred twenty and one
or go to Kelly Financial dot org. That's Kelly at
Kelly Financial dot org.
Speaker 1 (02:07):
Each week on Safe Money Strategies, we take a moment
to step back from the headlines and have a real conversation,
the kind you might have around the kitchen table. This
is a part of the show we call Forever Young,
where I sit down with my son, William Kelly Junior
and we talk about life, what's going on in the world,
and our family and what really matters most when you're
(02:30):
planning for the future. Sometimes it's light, sometimes it's thoughtful,
but it's always real. Good evening, William, how are you.
Speaker 2 (02:39):
I'm fine, mob, How are you.
Speaker 1 (02:40):
I'm doing great. I'm doing great.
Speaker 2 (02:42):
I know. We had a very successful event, didn't we
We did.
Speaker 1 (02:45):
We did on October fifteenth, Wednesday afternoon, and it was
with Jeff Coooner at the iHeartMedia Studios and it was
just fabulous.
Speaker 2 (02:58):
It really was. Yeah, we also had some advisor there.
Mike Ducett was there, Greg Workman was there, Greg Murray
was there, Brig Madalin was there.
Speaker 1 (03:05):
Mike Ducet, who is also our chief operating officer, spoke
about our firm's ninety eight percent client retention rate. That
is a testament to the trust and relationships that we
have built for more than two decades. Greg Workman focused
on what makes Kelly Financial different. He also spoke that
(03:29):
we are more focused on service than sales and that
is a place where advisors can truly put clients first.
Speaker 2 (03:39):
John Boutris is even there. Yes, and John is doing
really well. He was very happy to be there and
he announced. So before I tell you what he announced,
I'm going to give you some context. John has a
three decker house in Brockton and it's been in his
family for generations and I mean generations. And who wrote
(04:00):
Baileybrook Farm, you know, a memoir on his growing up
in a farm in Middletown, Rhode Island. He always said
to John how much he regretted selling that house. I
think even wrote in it in his book Baileybrook Farm,
how he really regretted not being able to keep that farm.
And you know, the family sold it. And so he
(04:21):
always told John, no matter what, never sell that house,
Never sell that house. And so John has never sold
the house. And instead he's decided, you know, for his legacy,
he's going to convert it into a hospice care foundation.
That's beautiful, isn't it.
Speaker 1 (04:39):
It's so John Boutris.
Speaker 2 (04:40):
It is so John Boutris. He'd always been talking about
something along those lines, you know, but he would kind
of reminisce about it. But now that he's actually doing that,
it's just incredible. And I mean he is the plan down,
and ladies and gentlemen, I think at some point we'll
share more details because I would. I invite you to
contribute if you can, And the first and most important
(05:03):
thing you can contribute is prayers. That's the first thing, absolutely.
And the second thing is if if it is totally
appropriate and okay with you, if you would like to donate,
I know it would help John tremendously because there's a
lot of funding and I know he needs to get
and you know, John is very resourceful and I'm sure
he'll figure it out. Ladies and gentlemen, but I think
(05:25):
we can help.
Speaker 1 (05:26):
And I think legally he has all of that set up.
Speaker 2 (05:29):
He does. Yeah, so it's just obviously it's going to
be a process and it's going to take a couple
of years. But with his plan, it's very doable and
he's very organized and he knows the law and he
knows what things he needs to set up. Funding is
going to be a big part of it as well.
Speaker 3 (05:43):
Yeah.
Speaker 2 (05:43):
Yeah, so we're going to see I'm just so excited
for him because that's just beautiful.
Speaker 1 (05:49):
And there will be the will you make Cally Family wing.
Speaker 2 (05:53):
Yeah, he announced that at theoun It really was. The
event is recorded. I'm sure you'll find it if you're
part of our email blastom, I'm sure you'll be able
to see it.
Speaker 1 (06:02):
Absolutely.
Speaker 2 (06:03):
Yeah, it'll definitely be out. I was able to meet
a couple of folks who are interested in getting my
book and they asked me, where's your book, William, And
unfortunately I had to tell them that it's not out yet.
Speaker 1 (06:13):
A little close is close close.
Speaker 2 (06:16):
That's true, so it's almost out. It'll be out. I
would say, give me less than a month at tops
and Ladies and gentlemen, if you would like to get
a free copy, let us know.
Speaker 1 (06:25):
Yes, Kelly Financial Services is paying for the first run.
Speaker 2 (06:31):
Yes, ma'am, that's yes.
Speaker 1 (06:32):
And we will provide for our clients, for our listeners, friends, family, Oh.
Speaker 2 (06:38):
Yeah, yes.
Speaker 1 (06:39):
And William will be signing each and everyone and mailing
them out.
Speaker 2 (06:43):
That's right, that's right, So that'll be a lot of fun.
Jeff Kooner has been an amazing salesman. He if you
want someone to sell something for you, you just talked
to Jeff. Ladies and gentlemen, I said this Wednesday night.
He knows how to market and.
Speaker 1 (06:59):
He well, he believes in it, you know, whatever it
is that he believes in you.
Speaker 2 (07:03):
William, that's so sweet. He's been like a father to
me when I didn't have one. You know, he really
helped me grow up. And you know, I wanted him
to know that because that's true. He was a father
figure for me. He was, you know, more than what
he had done in the career side for us, which
is more than enough. He also is on the family
side and the spiritual side was a role model. He
just he's a gift that keeps on giving.
Speaker 4 (07:25):
You know.
Speaker 2 (07:26):
That's how I see it is he is.
Speaker 1 (07:28):
Wednesday night was like we were all sitting around like
our kitchen table with all these wonderful people.
Speaker 2 (07:36):
I know, my aunts and uncles and grandparents. It's literally
how it feels I grew up around them, you know.
And then I I'll see this one gentleman. I'm not
going to say his name, you know, to protect him,
but he's such a fine guy. We were talking. He said,
I remember when you were this high. He said, I
remember when I first met your father. It's incredible how
many people come in and they just they speak about
(07:58):
my dad. And keep in mind, lady and gentlemen, for
those who don't know, my dad passed away eight years ago,
and generally I don't mean this negatively, but sometimes people forget,
you know what I mean. But for my father to
make that much of an impact in this world where
people still come up and they talk about him like
it was yesterday, I remembered your father. I listened to
(08:19):
your father every weekend. I loved your father, you know,
to be honest, I expected to only hear that for
the first couple of years and then it be gone.
But here we are eight years later, Yeah, and it's
still these messages are still influence.
Speaker 1 (08:31):
He will always influence us. He always made me want
to be a better person, and I never wanted to
let him down.
Speaker 2 (08:38):
He inspires me and my businesses. He inspires Kelly Financial.
The reason why everybody dresses so sharp at Kelly Financial
is because of my father. The reason why we care
so much about family and God is because of my father.
And you you know what I mean. Keep mind you're
a co founder, and you know you're you're just as
Christian as my dad was.
Speaker 1 (08:55):
Yeah, I was always on the back end of things.
Speaker 2 (08:57):
Right, and you helped support him, but he was kind
of the He was the leader, and now you're the leader,
and now we're all supporting you. And he built the
foundation he did, and look at it now and just
these incredible It inspires me, It inspires Mary Madeline, inspires
our advisors talk about it, and they didn't know my
dad personally.
Speaker 1 (09:15):
I know, really Greg Murray was the only one.
Speaker 2 (09:18):
Yes.
Speaker 3 (09:18):
And Greg was saying Wednesday night that he that it
was he came into this industry because of Bill Kelly
and he worked with him for seven years and.
Speaker 1 (09:29):
Now it's been eight years that he's worked with me,
just me, And that's fantastic. He really is, really is.
And tonight we're actually celebrating.
Speaker 2 (09:40):
That's right. We're going to Newport.
Speaker 1 (09:41):
Special dinner, a special restaurant.
Speaker 2 (09:43):
Ark cook House, delicious, incredible place, Ladies and gentlemen.
Speaker 1 (09:48):
It was your father's favorite.
Speaker 2 (09:50):
Clark cook House was my dad's favorite. I think you
might have might have spent a little too much over there.
But you know, my dad was. He grew up very
poor and he was very proud of all the work
he was able to pomplished. Yes, as Jeff put it,
he was an old fashioned capitalist. It was like, you
know what you do well, you get wealthy, but then
you help everybody. Yeah, you know what I mean. Absolutely,
And Jeff even said he's like that's going away in America.
(10:12):
People are focusing too much on the numbers and the
spirit is out. And I agree with Jeff. I that's
the type of capitalists I want to be. That's a
type of capitalist we are. We really love our clients,
we do, William. It's incredible. So this is a gift.
It's a gift from God. This company is just a
culmination of that. So we're very proud to call all
(10:33):
of you our clients, and if you're a prospect, you're
welcome to any of these events.
Speaker 1 (10:36):
We'd love to meet, absolutely, absolutely, will said, William. Amen,
do keep us on your dial. We've got a lot
of great content coming your way. Mike, you said, and
Greg Workman. We'll share how one couple nearing retirement found
clarity and confidence by bringing every part of their plan
into focus. Mary, Madeline Kelly and Greg Murray will be
(10:58):
diving into a timely question should you ever invest in
gold or crypto and what role, if any, do they
really play in a solid retirement strategy. I will be
back with William. We will reflect on the power of momentum,
how small, steady actions can shape real financial progress and
(11:19):
peace of mind. And of course we'll close the hour
with some in wisdom from the late Bill Kelly. His
words continue to inspire and guide us. That's a wrap
for forever, Young Thank you for listening, and William, thank
you for joining me. We'll be back with more content.
I love you, Honey, I love you.
Speaker 2 (11:37):
Too, Mama. Call us today at eight hundred and eighty
one or visit us online at Kellyfinancial dot org to
schedule your complimentary retirement income analysis.
Speaker 5 (11:57):
Welcome back to Kelly Financial, Safe Money Strategies. I'm Mike Ducett,
chief operating officer here at Kelly Financial Services. Joining me
as always is Greg Workman, one of our firms investment advisors. Greg,
good to be with you again, Always.
Speaker 4 (12:11):
Great to be here, Mike. We've got a really interesting
discussion lined up tonight, a real world case study that
I think a lot of our listeners will be able
to relate to.
Speaker 5 (12:22):
Absolutely every week we talk about strategies to help you
plan and protect your retirement, but tonight we're going to
walk you through a real example of how we help
folks put those strategies into action. This week's case involves
a couple named Robert and Sheila right.
Speaker 4 (12:37):
Robert is fifty nine and Sheila is fifty seven. They
live on the Cell Shore, have four adult children, and
both are working full time. Robert works on it and
Sheila is a registered nurse who has been with the
same hospital system for more than thirty years.
Speaker 5 (12:54):
They're a hardworking couple and like many of our listeners,
they've done a good job saving over the years Robert
has about one onero point two million in his current
four oh one K, plus several IRA accounts that came
from previous employer rollovers. Sheila has built up around seven
hundred and fifty thousand in her four h three B.
They've also accumulated over one hundred thousand savings and own
(13:15):
a handful of CDs.
Speaker 4 (13:16):
That's a strong foundation, but there's more to their story.
They still have a mortgage with several years left, and
they've been debating whether it makes sense to pay it
off before retirement. On top of that, they're helping with
a few small student loans for their kids, and their
youngest daughter is getting married next year. They have generously
set aside a seventy five thousand dollars budget for her wedding.
Speaker 5 (13:41):
So while they've saved well, they're juggling a lot of
moving parts, debt decisions, cash flow needs, and timing big expenses,
all while trying to plan for retirement. Sheilah will qualify
for a pension through her hospital, and they'll both be
eligible for Social Security. They want to make the right
choices with both actually, since longevity runs in their families.
Speaker 4 (14:02):
And like so many people we meet, Roberts also starting
to question whether his investments match where he's about to
be in life. His four oh one K has been
invested pretty aggressively. He told us that he only changes
allocations every few years, usually after hearing an idea from
a colleague at work, but his gut is telling him
(14:24):
it's time to dial back the.
Speaker 5 (14:26):
Risk exactly, and Shala mentioned that her four H three
B hasn't performed as well as she expected, especially given
how strong the markets have been. That raised another concern,
how their money is being managed and whether it's working
efficiently for them.
Speaker 4 (14:41):
Their top concerns were clear running out of money, making
the wrong pension or social security decisions, and not knowing
if their investments were properly aligned with their goals.
Speaker 5 (14:53):
And those are legitimate concerns because all of those decisions
are interconnected. The pension choice impacts source security, timing, which
affects cash flow, taxes and ultimately how long the money
will last.
Speaker 4 (15:06):
That's why they reached out to us. They wanted clarity, structure,
and a plan that coordinates all the pieces their income,
investments and tax strategy into one cohesive.
Speaker 5 (15:18):
Roadmap exactly, and that's where the planning process really begins
understanding their options and building confidence in the choices they make.
So let's start with Sheila's pension because that was one
of her biggest questions.
Speaker 4 (15:31):
Sheila has been a nurse for over thirty years, and
like many in the healthcare field, she will have a
pension through her hospital system. When we met with her,
she had a few different options. She could take a
lumps on payout, a single life annuity, or a joint
and survivor benefit that would continue income to Robert if
she predeceased him.
Speaker 5 (15:50):
Correct, and what we explained to her is that the
right pension choice depends on several factors, health, longevity expectations,
other income sources, and how much flexibility they want in
their retirement income plan. For Robert and Shala, longevity runs
in the family, so a lifetime income stream made a
lot of sense.
Speaker 4 (16:10):
The joint and survivor option provided a bit less monthly
income up front, but it protected the surviving spouse for life.
It's not always the highest payout, but it is the
one that provides the highest level of peace of mind.
Speaker 5 (16:23):
And that's the key. We also looked at the lump
sum option. Sometimes taking a lump sum can make sense
if you want more control or flexibility with how those
dollars are invested, but it also introduces market risk. In
their case, given Shalea's desire for predictable income, we showed
how the pension could fit neatly into a structured income
(16:43):
plan alongside Social Security, which.
Speaker 4 (16:45):
Brings us to their next big question, when to start
taking Social Security. They're both leaning toward delaying because they're
in good health and longevity runs in the family, but
they really wanted to know how much of a difference
that would actually.
Speaker 5 (17:00):
Make right, and this is where math and planning really
come together. We ran multiple scenarios for them, claiming early,
claiming at full retirement age, and delaying until age seventy.
Speaker 4 (17:11):
And the results surprised them. By delaying, they could increase
their combined lifetime Social Security benefits by more than two
hundred thousand dollars compared to claiming early. But it wasn't
just about maximizing benefits. It was about aligning the timing,
what their income needs and overall tax picture.
Speaker 5 (17:31):
Exactly for Robert and shala the goal was to cover
their fixed expenses with guaranteed income. Shale his pension and
the delayed source security and then use their investment accounts
for discretionary spending and future growth.
Speaker 4 (17:44):
That's a smart way to structure it. Once your essential
expenses are covered by income sources that you can't outlive,
it takes the pressure off your portfolio. Now to mention,
you don't have to worry about day to day fluctuations
in the stock market, or at least not as much.
Speaker 5 (18:01):
And that's the foundation of what we call an income
first retirement plan. Start with predictable cash flow and then
build everything else around it. And that brings us to
the mid show break. After this, we'll dive into their
investment planning how Robert and Sheila evaluated risk, realigned their portfolios,
and prepared their money to support their retirement goals. You're
(18:22):
listening to safe money strategies. Stay tuned, We'll.
Speaker 2 (18:25):
Be right back.
Speaker 1 (18:28):
I'm Kelly Kelly from Kelly Financial. Is your financial advisor
a fiduciary? In other words, are they legally required to
act in your best interest. My complimentary book, Retire Your Fear,
Plan Your Future explains what a fiduciary is and will
help you understand if an advisor is really putting you first.
For the book, call eight eight eight eight hundred eighteen
(18:51):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us and this is Kelly
Kelly and I'm back with my son William Kelly and
we still have our minds on our event earlier this
week with wrko's Jeff Cooner at iHeartMedia Studios for our
(19:14):
Kelly Financial and Jeff Kooner Live event. It was wonderful.
Clients and guests were connecting with Jeff, with us, with
our advisors, our Kelly Financial team. Throughout the event, the
room was full of energy and optimism as everyone came
(19:35):
together to talk about what truly matters at this time
of year.
Speaker 2 (19:40):
You could really feel that excitement. People were smiling, shaking hands,
and getting to know other people behind the voices they
hear every week. Many of the people that were longtime
clients joining together to enjoy the afternoon and reconnect with
our team. Others were attending a Kelly Financial event for
the first time, curious to put faces to the voices
they hear every week on WRKO. That's what momentum like,
(20:00):
showing up, participating and taking interest in your own financial wellbeing.
Speaker 1 (20:04):
Our show has aired on WRKO since two thousand and five,
and our collaboration with Jeff Kooner began around twenty twelve,
and over those years we've shared countless on air conversations
about preparation, protection, and long term planning. Wednesday's event reflected
(20:26):
that same spirit education, connection and.
Speaker 2 (20:31):
Purpose and momentum always begins with one intentional action. It
doesn't take a major change, just one small step. Scheduling
a review, updating beneficiaries are setting an extra percentage towards savings.
Each small move builds confidence and direction.
Speaker 1 (20:47):
That afternoon also reminded us how important it is to
pause and reflect. October marks eight years since my husband
and William's father, Bill Kelly, passed away. Bill and I
co founded Kelly Financial Services more than two decades ago,
built on the principle that education and trust create lasting security.
(21:13):
Seeing that message still resonate with so many people meant
a great deal to both of us.
Speaker 2 (21:20):
Momentum isn't only financial, it's generational in spirit. We saw
people of all ages, from newer investors to retirees, sharing ideas,
exchanging experiences, and taking something valuable away from the afternoon.
Whether you've been investing for decades, or you're just beginning
to plan. Those shared moments build confidence for the future.
Speaker 1 (21:40):
October really is one of the best months to check in.
The Year's not over, but there's still time to make
thoughtful adjustments, rebalance allocations, review cash reserves, or plan charitable
giving before the holidays. And if you're retired, you can
make sure those acquired minimum distributions are handled early, not
(22:03):
rushed in December.
Speaker 2 (22:05):
And I'd like to think of momentum as consistency over intensity.
It's not about doing everything at once. It's about staying consistent.
Pick one financial task this week and finish it. That
sense of completion builds motivation for the next step.
Speaker 1 (22:19):
For some, it might mean simplifying, organizing statements or consolidating accounts.
For others, it might mean confirming contributions or mapping out
charitable goals. Every bit of organization adds peace of mind,
and even.
Speaker 2 (22:36):
Beyond the financial steps, it's about creating a rhythm that
supports progress. Maybe you check your accounts once a month,
or meet with your advisor every quarter. Those small habits
turn into a lifestyle, not a chore.
Speaker 1 (22:48):
At Kelly Financial Services, our team of fiduciary advisors is
here to help clients keep that forward motion steadily, calmly,
and in a line with their values and goals. We
see our role as guides, helping people clarify where they are,
define where they want to be, and build a bridge
(23:11):
between the two.
Speaker 2 (23:12):
Here's a quick checklist for this season. One. Confirm your
contribution levels. If possible, increase by even one percent before
you're at Number two. Review beneficiaries and estate documents. Make
sure they reflect current wishes. Number three. Plan charitable gifts early.
Don't wait until December thirty first to make an impact.
Number four revisit cash reserves, keep six to twelve months
(23:35):
of expenses accessible. Number five schedule your year end review.
That one conversation can clarify your whole plan.
Speaker 1 (23:44):
Those five steps may seem small, but each one builds
confidence and control, and when you put them together, that's momentum, steady,
practical and achievable.
Speaker 2 (23:56):
And what I love about this time of the year
is the sense of renewal. It brings. Fall is a
reminder that changed me. Beautiful momentum doesn't mean rushing, It
just means being ready to learn more.
Speaker 1 (24:07):
Request our complementary year in checklist and action plan or
schedule a conversation with one of our fiduciary advisors at
Kelly at Kellyfinancial dot org is an easy way to
take that first step forward.
Speaker 2 (24:23):
Momentum begins with a single decision. The choice to take control,
learn and act.
Speaker 1 (24:29):
The power of momentum starts with one small step. Let's
keep moving forward together.
Speaker 2 (24:36):
Stay tuned, we'll be right back. Safe money strategies with
Kelly Kelly and her team called Kelly Financial at eighty
eight eight hundred one or go to Kelly Financial dot org.
That's Kelly at Kelly Financial dot org.
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