September 6, 2025 • 24 mins
This week on Safe Money Strategies, Kelly Kelly and her son William explore how simple brain-boosting habits can strengthen both your outlook and your future. From small daily choices to long-term planning, the conversation sets the tone for a show that’s about more than numbers - it’s about living with clarity and purpose. The Kelly Financial Services team of fiduciary advisors then turns to timely financial concerns: how to turn confusion into confidence, protect emergency cash, and create reliable streams of retirement income. They also take on the fears many families share about money, offering practical steps for reducing anxiety and replacing uncertainty with peace of mind. For more than 22 years, Kelly Financial has guided New England families through retirement with trusted strategies and a personal touch. This week’s program blends family conversation with professional insight, reminding listeners that protecting the life you’ve built means preparing wisely for tomorrow while cherishing the people you love today.
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
Make Safe Money Strategies part of your Saturday night tradition. Have questions or want to schedule a complimentary consultation? Call 888-800-1881 or email kelly@kellyfinancial.org
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Episode Transcript
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 your team called
Kelly Financial at eighty eight eight hundred and twenty and
one or go to Kelly Financial dot org. That's Kelly
at Kelly Financial dot org.
Speaker 1 (02:08):
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,
in our family, and what really matters most when you're
(02:31):
planning for the future. Sometimes it is light, sometimes is thoughtful,
but it's always real. Good evening, William, how are you
good evening? Mom?
Speaker 2 (02:40):
I'm well on yourself, I'm doing great. That's fantastic to
hear a lot has been going on, Ladies and gentlemen.
Speaker 1 (02:47):
It's been a busy week.
Speaker 2 (02:48):
It always is. Number note, So how are things been,
mom On the family side.
Speaker 1 (02:53):
Well, we have a new addition to our family, a
little puppy named Melli.
Speaker 2 (02:59):
Cal Mellie Kelly. Leadies and gentlemen, you don't come across
the name like that very.
Speaker 3 (03:05):
Often, no, you do not.
Speaker 1 (03:07):
But this little cutie pie was born on the fourth
of July and the breeders they named her water Melon,
and they called her Melly for short. And Mary Madaline
had a different idea about a name, Ta Lula Ta Lula,
which is cute. She was going to call her Lula,
(03:28):
but she would have FaceTime meetings with this puppy as
this puppy was growing, and she came to the conclusion
that Melly best fits this little dog, and that it does.
Speaker 2 (03:42):
Ta Lula's great Melly is just so much better. Watermelon
is just such a superior dog name. But you know,
don't get me started on that. You know, it's Mary
Madaline's dog, and you know she was saying, I'm going
to name it whatever I want and her first dog
on her own, that is true. Ladies and gentlemen. So
hopefully this dog doesn't run off.
Speaker 3 (03:59):
Hopefully.
Speaker 1 (04:00):
Yeah, there was no vote, no votes, no vote. Typically
we have to vote on the name.
Speaker 2 (04:05):
Yeah, no Marshall. This was a little concerning at first.
Mary Madeline tried to propose a very interesting name from
Marshall for our cat.
Speaker 3 (04:14):
Our cat. Yes, ma'am, he's such.
Speaker 2 (04:16):
A beautiful cat. We were in dire straits just figuring
out what do we name this cat, and Mary Mantlain
was like, we're gonna name him a little Bill and
mom and I just thought and she is not in
charge of a No. Marshall.
Speaker 1 (04:30):
Marshall is his name. Yes, it is after my grandfather,
your great grandfather on my mother's side, although they're nothing alike,
but Marshall. The name fits him.
Speaker 3 (04:40):
It's beautiful.
Speaker 1 (04:41):
My grandfather, your great grandfather. He would love Marshall if
he were still with us on this earth.
Speaker 2 (04:47):
That's true. I'm sure that's true. Yeah, But Marshall is not.
He doesn't really. His work ethic is. He works hard
at sleeping. He does a good job. He peees on
her clothes whenever we don't, I guess we're not.
Speaker 1 (04:59):
Don't even bring that up, William.
Speaker 2 (05:00):
Yeah, I know it's it's like a it's a downer,
it kind of is. But you know what, he's just
so adorable that we forgive him and most of the time.
Speaker 1 (05:10):
And well, he knows how to get our attention. If
he is unhappy.
Speaker 2 (05:14):
Yeah, that's true, that's true. He definitely if the service
isn't quite as exquisite as he deserves, then he'll he'll
inform us to punishment.
Speaker 4 (05:22):
That is a that is a fact.
Speaker 2 (05:24):
But I'm sure Mary Madalin is going through all the
wildness of the puppy life that Murray Madalin's going through.
The sleep deprivation. It's like getting a baby. When you
have a baby and when the stork drops the baby off,
it's just you're working overtime. Oh yeah, you're just unie.
Speaker 1 (05:38):
I think her first night, she got her last Sunday
night and that night good thing. That was no work
the next day because little Mally woke up at two
and then six.
Speaker 2 (05:55):
Well, ladies and gentlemen, Georgia is caring terrier and she
likes to run in the fields and get the rodents,
and she's been doing a very good job lately. Mom
has been very upset, but I've been very proud. But Georgia.
I don't know if it's a Carent terrier thing. Our
previous Karent terrier loved water. But Georgia hates swimming. She
can't do it, but she really I guess she has.
Speaker 1 (06:14):
I'm swimming, She's running around the pool, and I think
we were trying to communicating and socializing, but she does
not want to get in there.
Speaker 2 (06:23):
I realized that I think it's the introduction to the
pool that can ruin it for them. I think maybe
I put her in.
Speaker 1 (06:29):
The pool soon, too soon, maybe.
Speaker 2 (06:31):
Because I was watching this video of this trainer and
they say you need to slowly introduce them, one step
at a time into the pool with treats, and you
got to keep feeding them so they associate the pool
with good times. You know, this food equals good, so
they associate it with positivity and they're less stressed out.
And you got to teach them how to swim properly
by holding them parallel so that they don't kind of
(06:53):
go vertical and start sinking, because dogs will do that
when they panic swim, and Georgia doesn't really do that,
but she kind of does. George's she in the pool
was that worries me? Is. She originally would try to
go to the wall to get out, but I had
to keep guiding her to the steps so that she
learned the steps are here, this is where you need
to walk out in order to get out.
Speaker 1 (07:12):
Yeah.
Speaker 2 (07:12):
I don't want her to fall in and not know
how to get out, and I don't want her to
get exhausted, you know what I mean.
Speaker 1 (07:19):
Yeah, she runs so close to the pool and then
we have a jacuzzi that overflows into the pool, and
she is up on those that ledge a lot. So
if she did fall in, it may be kind of interesting.
If she fell into the jacuzzi.
Speaker 2 (07:34):
Though, she'd probably get on the steps, she'd just stand there.
It'd just be really confusing.
Speaker 1 (07:39):
Yeah.
Speaker 2 (07:39):
I don't know how she'd do, but you know, yeah,
because there's the step, she would probably figure that out.
Speaker 1 (07:44):
Steps or a seat. So yeah, so that would be fine.
Speaker 2 (07:48):
Yeah, but maybe we need to work with her a
little bit more. I think, I mean, I might need
to train her. But Mellie, we'll see what happens.
Speaker 1 (07:55):
I know.
Speaker 2 (07:55):
I think to do it tomorrow.
Speaker 1 (07:57):
Yeah, I think that's an introduce her to the water.
I think Mary Maln'll be on board with that.
Speaker 2 (08:01):
Yeah, I don't see why she wouldn't be. I think
bray Matta would be totally in favor. Yeah, agreed, So
Mellie is gonna be a great addition to the family. However,
ladies and gentlemen, it's a family, so families do not
come without drama. Georgia is the sweetest dog on planet Earth,
except when it comes to you loving something else. The
(08:22):
love needs to be on her. She's very humble, she's great,
but the second your attention is off of her into
another animal. You know, Marshall, for example, all pet Marshall
and Georgia will give me a side eye. Right, she
doesn't care as much because Marshall's been around. Marshall doesn't
even care. He's not jealous. He's like, I prefer you
to leave me alone if anything. At the end of
the day, let.
Speaker 1 (08:42):
Me sleep, And that's a good way to put it.
Speaker 2 (08:45):
Georgia sometimes will literally trample him so that she can
get under your hand so that you'll start petting her.
It was bad in the beginning. Georgia never got angry.
Georgia was always playful about it. However, when other dogs
come into the equation, it's a little different. Marshall's a
unique cat. He's not an average cat, and he imprinted
off of Georgia. And they're good friends. But we had
(09:07):
a guest come over, a family friend of ours, and
she brought her dog all the way from Florida and
they traveled together. It did fantastic on the plane. And
Ginger is this dog's name. Ginger comes in, beautiful, sweet,
delicate little puppy and just great dog and we're petting her.
Mary Madaline starts petting her. Georgia starts getting aggressive. She's like,
(09:29):
that's my aunt to get off my auntie, get off
her now, and I need the pets. It's mine. And
poor Ginger didn't know what the heck was happening. And
you know then me me John Boudras's dog that I
don't know if it's his dog now, for he's still
fostering her. But Mimi comes over. Mimi is a much
bigger dog than Georgia, and Mimi is what they call
(09:50):
a Sato dog, and Sato dogs come from Puerto Rico,
and there are street mots and so basically there are
a mix of all kinds of breeds. And I think
me and has some German shepherd and her. You know,
she's a strong dog, very strong dog with a lot
of different ancestry, and so she's got a lot of
good hunting skills. Fantastic puppy, and so Georgia has confidence.
(10:12):
She doesn't care if you're an elephant, she will you
don't mess up. But Georgia, she doesn't do it like
a chihuahua. She's not like a chihuahua where they kind
of get aggressive because they have like a Napoleon complex thing.
Georgia she's very noble about her power, except when it
comes to sharing love. The love has to be on.
Speaker 1 (10:31):
Her right, especially if it involves you, me or Mary Magdaline.
Speaker 2 (10:37):
Exactly, because she's just like my people their mine, I'm
there mine, nobody else can have them. But she's a
great dog. She's out there having fun as we speak.
She's running around in circles and she's just having fun.
Speaker 1 (10:51):
Oh yeah.
Speaker 2 (10:52):
Anyways, that's a little bit of what's going on in life.
Speaker 1 (10:55):
Do keep us on your dial. We've got a lot
of great content coming your way, Mike said, And Greg
Workman will show you how to turn confusion into confidence
with simple, safe strategies to protect your emergency cash and
create reliable retirement income. Mary, Madeline Kelly and Greg Murray.
We'll focus on financial fears, some common money anxieties caller
(11:20):
share and how to tackle them. I will be back
with William and we'll talk about simple brain boosting habits
you can build into everyday life, and how lifelong learning
keeps both your mind and your money working for you.
And of course we'll close the hour with some wit
and wisdom from the late Bill Kelly. His words continue
(11:42):
to inspire and guide us. That's a wrap for forever young.
Thank you for listening, and William, thank you for joining me.
Stay with us. We'll be back with more content. William,
I love you, Honey.
Speaker 2 (11:54):
I love you too.
Speaker 5 (11:55):
Mar Us today at eight eight hundred and twenty eighty
one or visit us online at Kelly Financial dot org
to schedule your complimentary retirement income analysis.
Speaker 1 (12:11):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio for
the guide Call eight eight eight eight hundred eighteen eighty
(12:34):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us.
Speaker 6 (12:45):
Hello, I'll Mike, you said, chief operating officer at Kelly
Financial Services, and you are listening to Safe Money Strategies
where you have financial future should be built on wisdom.
Speaker 3 (12:54):
Not worry.
Speaker 6 (12:55):
I'm joined by one of our investment advisors, Greg Workman.
Speaker 4 (12:58):
We are here every to help turn confusion into confidence.
Simple strategies can be very smart decisions.
Speaker 6 (13:07):
Tonight, we're talking about your emergency cash stash, your emergency fund.
It's money set aside to cover unexpected expenses or financial surprises.
Speaker 4 (13:17):
Think of it as a financial safety net that helps
you whether life storms, without relying on credit cards or
high interest loans.
Speaker 6 (13:26):
One of the top questions we get is how much
should I have in my emergency fund?
Speaker 4 (13:30):
And right behind that comes what do I do with
money above and beyond that amount?
Speaker 3 (13:37):
The answer starts with your personal situation.
Speaker 6 (13:39):
Every household is different, and that's why we begin with
our Safe Money Strategies workbook.
Speaker 4 (13:45):
That process tackles the big questions, how much do I
need to retire? How long will my money last, when
should I claim Social Security retirement benefits? What are my
tax efficient strategies? And how do I prepare for healthcare
and the cost of long term care throughout retirement.
Speaker 6 (14:08):
When those questions are answered, people experience rail reassurance exactly.
Speaker 4 (14:14):
Retirement planning is more than saving a pile of money.
It's about taxes, health, longevity and income, and ultimately about
confidence and comfort that things will be okay.
Speaker 3 (14:28):
So how much should you keep in your emergency fund?
Speaker 6 (14:31):
Our process looks closely at monthly expenses and how those
expenses change over time. Mortgages, student loans and other big
costs eventually drop off, which affects your future cash flow.
Speaker 4 (14:44):
Once we know your expense picture and your asset base,
we can guide you, but broadly, today's financial professionals recommend
six to twelve months of living expenses, with more being
better if you can affe it.
Speaker 6 (15:00):
The cushion protects you from surprise car or home repairs,
unexpected medical costs, or even helping your kids or grandkids
in a crisis.
Speaker 4 (15:09):
It also protects you from having to sell investments in
a down market. That buffer can be the difference between
staying on track and locking in losses.
Speaker 6 (15:19):
Well said, in short, your emergency fund provides freedom and flexibility,
freedom from ARI and flexibility in how you draw and
tax your income.
Speaker 4 (15:30):
Of course, six to twelve months of expenses is a
big chunk of money. The question is should you invest
it or keep it liquid at the bank.
Speaker 6 (15:40):
Most advisors US included say safety and liquidity come first.
Don't put emergency money in the stock market or volatile assets.
Speaker 3 (15:49):
But that doesn't mean it has to sit idle.
Speaker 4 (15:51):
That's right. Better choices include high yield savings accounts with
FDIC protection and money market funds for stability and liquidity,
or laddered CDs that offer just a bit more yield.
Speaker 6 (16:05):
With the Federal Reserve likely to low interest rates, those
options may not look as attractive in the air future,
so for retirees or those with larger reserves, we recommend
a balanced approach.
Speaker 4 (16:18):
The balanced approach maintains the first three to six months
of expenses in cash or high yield savings account for
immediate access. Then for the remaining portion, we have a
unique conservative investment solution that targets a baseline yield of
five to seven percent, and it's designed to keep your
(16:39):
money working without sacrificing too much safety if the market
goes down.
Speaker 6 (16:44):
We're talking about an investment option. It is important to
note that every investment carries risk, and income investing is
no exception. Clients need to understand the potential downsides, such
as the possibility of dividend cuts or interest rate fluxual.
If you're comfortable embracing a little bit of risk, then
a conservative income strategy can be the key to smooth,
(17:06):
steady and reliable returns on your money. We'll pause here
for a quick break. When we return, we'll take a
deep dive into how investing in an income portfolio can
be a strategic move for various financial goals, especially for
those seeking regular cash flow that beats inflation.
Speaker 1 (17:25):
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 and
(17:47):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
Wh're Kelly Financial. Come Retire with us.
Speaker 3 (17:57):
And we're back.
Speaker 2 (17:58):
Always good to be with you. Yet for those of
you who are just joining us, this is save Money Strategies.
For twenty two years now we've been helping families all
across New England protecting grow their retirement savings. I'm William
Kelly Junior here with our CEO.
Speaker 3 (18:10):
And my mom, Kelly Kelly.
Speaker 1 (18:12):
Thank you, William. Is always a pleasure to be here
with you, and of course with our listeners. Whether you've
been tuned in since the top of the hour or
you're just catching us now, we're certainly glad you're with us.
Speaker 2 (18:26):
So this evening we're talking about something a little different
but really important. Why lifelong learning and mental wellness matter
and retirement.
Speaker 1 (18:35):
That's right. When most people think retirement, they immediately think numbers, savings,
social security taxes, investments. But true retirement readiness isn't just
about the balance sheet. It's about staying healthy, staying engaged,
and keeping your mind sharp.
Speaker 2 (18:57):
Exactly because let's face it, a strong portolio won't mean
a whole lot if someone feels isolated or stagnant. The
research is clear, folks ustamentally sharp and emotionally engaged are
healthier happier and often more independent for longer. Retirement isn't
just about adding years to your life, it's about adding
life to those years.
Speaker 1 (19:19):
That's such a key distinction, William. A good retirement plan
is about the whole person, not just the wallet. Financial
stability gives you the freedom to invest in your well being,
whether that's through new hobbies, continued learning, or being part
of a community. Independence, confidence, and purpose are every bit
(19:44):
as valuable as financial security.
Speaker 2 (19:47):
And when you look at seniors who age the best,
who stay sharp and active, they usually share some common habits.
Lifelong learning is at the top of that list, but
it's not the only one that's right.
Speaker 1 (20:01):
The full picture includes regular physical activity, mindfulness practices like
prayer or meditation, healthy eating, staying socially connected, embracing technology,
and yes, getting enough rest. And there's balance, which really
(20:21):
ties it all together.
Speaker 2 (20:23):
Balance is key because if you focus on just one
piece and neglect the others, something's missing. You could be
exercising your brain but ignoring your body, or you could
be out socializing constantly but running yourself ragged without proper rest.
It's about weaving these things together.
Speaker 1 (20:42):
Exactly, and the beauty of it is these habits aren't extreme.
They're simple, everyday practices that, over time can make a
dramatic difference in memory, in independence, and in your quality
of life.
Speaker 2 (21:01):
Let's drill down on one that's really transformative, lifelong learning,
because it's not just about keeping busy, it's about staying purposeful.
Speaker 1 (21:10):
Right and lifelong learning doesn't have to mean going back
to school, though some retirees do just that. It can
be as simple as exploring an online course, or listening
to a podcast, or dropping into a workshop at your
local library. Each new skill is like exercise for the brain.
Speaker 2 (21:33):
The brain really is like a muscle. It needs challenges
to stay strong, and learning doesn't have to be formal.
Even small daily practices build resilience absolutely.
Speaker 1 (21:44):
Crossword puzzles, word searches or a good book can sharpen focus.
Journaling or writing letters not only spark creativity, but also
preserve memories for your family.
Speaker 2 (21:57):
And writing especially, it helps process thoughts and emotions. Plus
down the road, your kids and grandkids get to look
back at your reflections. That's a legacy.
Speaker 1 (22:09):
That's right. And when you're engaged in these kinds of activities,
you gain confidence. That confidence encourages you to stay social,
try new things, and keep stretching yourself.
Speaker 2 (22:23):
And let's not forget some retirees go big. They finish degrees,
pick up a master's program, or tackle a subject they've
always loved.
Speaker 1 (22:32):
Yes, and many others pursue smaller but equally meaningful goals
like painting a class, a cooking workshop, or joining a
book club. Travel can be a form of education too.
Every new culture, every new place teaches something.
Speaker 2 (22:50):
So where does all of this fit into retirement planning?
Speaker 1 (22:52):
Honestly, right at the center at Kelly Financial, we believe
a retirement plan shouldn't be just about covering your bills.
It should help support the life you want to live.
That might mean planning for tuition for a class, a
budget for travel, or even extra funds for books and
hobby supplies.
Speaker 2 (23:12):
Because lifelong learning is one of the best ways to
stay healthy, fulfilled, and happy in retirement, and that's.
Speaker 1 (23:20):
Why we want to offer you a resource. It's called
Six Secrets to a Happy Retirement and is filled with
practical ideas to help you thrive, whether it is lifelong learning,
building connections, or embracing new adventures. When you combined financial
security with personal fulfillment, you don't just have a safe retirement,
(23:45):
you have a meaningful one.
Speaker 2 (23:47):
This guide is about giving you tools to keep growing
and moving forward. To request your free copy and a
schedule complimentary consultation with our team, give us a call
at eight eight eight hundred one eight eight one or
email us at Kelly at Kelly financial dot org.
Speaker 1 (24:03):
Stay with us, because when we come back, we'll break
down the difference between formal and informal learning, highlight the
practical benefits, and show how your retirement plan can make
it all possible.
Speaker 2 (24:18):
You're listening to Save Money Strategies heard right here on
WBZ News Radio every Saturday evening.
Speaker 1 (24:24):
And don't forget you can catch previous shows anytime on
our radio. Rewind at Kellyfinancial dot org or stream us
on the iheartapp.
Speaker 2 (24:34):
Thanks for tuning in. We'll be right back. Safe Money
Strategies with Kelly Kelly and her team. Call Kelly Financial
at eighty eight eight hundred and twenty one or go
to Kelly Financial dot org. That's Kelly at Kelly Financial
dot org.
Good evening and welcome to Safe Money Strategies right here
on WBZ News Radio. I'm Kelly Kelly, founder of Kelly
Financial Services, and your host tonight. I'm so glad you're
with us. Every Saturday night at nine pm, we bring
you real conversations about retirement, resilience and protecting the life
(00:27):
you've worked so hard to build. We're a proud, family
run firm based right here in New England, and for
over twenty two years, we've helped thousands of families plan
for the next chapter with clarity and confidence. You may
know us from our two decades on the AM airwaves,
and now we're thrilled to bring that same trusted 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 your team called
Kelly Financial at eighty eight eight hundred and twenty and
one or go to Kelly Financial dot org. That's Kelly
at Kelly Financial dot org.
Speaker 1 (02:08):
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,
in our family, and what really matters most when you're
(02:31):
planning for the future. Sometimes it is light, sometimes is thoughtful,
but it's always real. Good evening, William, how are you
good evening? Mom?
Speaker 2 (02:40):
I'm well on yourself, I'm doing great. That's fantastic to
hear a lot has been going on, Ladies and gentlemen.
Speaker 1 (02:47):
It's been a busy week.
Speaker 2 (02:48):
It always is. Number note, So how are things been,
mom On the family side.
Speaker 1 (02:53):
Well, we have a new addition to our family, a
little puppy named Melli.
Speaker 2 (02:59):
Cal Mellie Kelly. Leadies and gentlemen, you don't come across
the name like that very.
Speaker 3 (03:05):
Often, no, you do not.
Speaker 1 (03:07):
But this little cutie pie was born on the fourth
of July and the breeders they named her water Melon,
and they called her Melly for short. And Mary Madaline
had a different idea about a name, Ta Lula Ta Lula,
which is cute. She was going to call her Lula,
(03:28):
but she would have FaceTime meetings with this puppy as
this puppy was growing, and she came to the conclusion
that Melly best fits this little dog, and that it does.
Speaker 2 (03:42):
Ta Lula's great Melly is just so much better. Watermelon
is just such a superior dog name. But you know,
don't get me started on that. You know, it's Mary
Madaline's dog, and you know she was saying, I'm going
to name it whatever I want and her first dog
on her own, that is true. Ladies and gentlemen. So
hopefully this dog doesn't run off.
Speaker 3 (03:59):
Hopefully.
Speaker 1 (04:00):
Yeah, there was no vote, no votes, no vote. Typically
we have to vote on the name.
Speaker 2 (04:05):
Yeah, no Marshall. This was a little concerning at first.
Mary Madeline tried to propose a very interesting name from
Marshall for our cat.
Speaker 3 (04:14):
Our cat. Yes, ma'am, he's such.
Speaker 2 (04:16):
A beautiful cat. We were in dire straits just figuring
out what do we name this cat, and Mary Mantlain
was like, we're gonna name him a little Bill and
mom and I just thought and she is not in
charge of a No. Marshall.
Speaker 1 (04:30):
Marshall is his name. Yes, it is after my grandfather,
your great grandfather on my mother's side, although they're nothing alike,
but Marshall. The name fits him.
Speaker 3 (04:40):
It's beautiful.
Speaker 1 (04:41):
My grandfather, your great grandfather. He would love Marshall if
he were still with us on this earth.
Speaker 2 (04:47):
That's true. I'm sure that's true. Yeah, But Marshall is not.
He doesn't really. His work ethic is. He works hard
at sleeping. He does a good job. He peees on
her clothes whenever we don't, I guess we're not.
Speaker 1 (04:59):
Don't even bring that up, William.
Speaker 2 (05:00):
Yeah, I know it's it's like a it's a downer,
it kind of is. But you know what, he's just
so adorable that we forgive him and most of the time.
Speaker 1 (05:10):
And well, he knows how to get our attention. If
he is unhappy.
Speaker 2 (05:14):
Yeah, that's true, that's true. He definitely if the service
isn't quite as exquisite as he deserves, then he'll he'll
inform us to punishment.
Speaker 4 (05:22):
That is a that is a fact.
Speaker 2 (05:24):
But I'm sure Mary Madalin is going through all the
wildness of the puppy life that Murray Madalin's going through.
The sleep deprivation. It's like getting a baby. When you
have a baby and when the stork drops the baby off,
it's just you're working overtime. Oh yeah, you're just unie.
Speaker 1 (05:38):
I think her first night, she got her last Sunday
night and that night good thing. That was no work
the next day because little Mally woke up at two
and then six.
Speaker 2 (05:55):
Well, ladies and gentlemen, Georgia is caring terrier and she
likes to run in the fields and get the rodents,
and she's been doing a very good job lately. Mom
has been very upset, but I've been very proud. But Georgia.
I don't know if it's a Carent terrier thing. Our
previous Karent terrier loved water. But Georgia hates swimming. She
can't do it, but she really I guess she has.
Speaker 1 (06:14):
I'm swimming, She's running around the pool, and I think
we were trying to communicating and socializing, but she does
not want to get in there.
Speaker 2 (06:23):
I realized that I think it's the introduction to the
pool that can ruin it for them. I think maybe
I put her in.
Speaker 1 (06:29):
The pool soon, too soon, maybe.
Speaker 2 (06:31):
Because I was watching this video of this trainer and
they say you need to slowly introduce them, one step
at a time into the pool with treats, and you
got to keep feeding them so they associate the pool
with good times. You know, this food equals good, so
they associate it with positivity and they're less stressed out.
And you got to teach them how to swim properly
by holding them parallel so that they don't kind of
(06:53):
go vertical and start sinking, because dogs will do that
when they panic swim, and Georgia doesn't really do that,
but she kind of does. George's she in the pool
was that worries me? Is. She originally would try to
go to the wall to get out, but I had
to keep guiding her to the steps so that she
learned the steps are here, this is where you need
to walk out in order to get out.
Speaker 1 (07:12):
Yeah.
Speaker 2 (07:12):
I don't want her to fall in and not know
how to get out, and I don't want her to
get exhausted, you know what I mean.
Speaker 1 (07:19):
Yeah, she runs so close to the pool and then
we have a jacuzzi that overflows into the pool, and
she is up on those that ledge a lot. So
if she did fall in, it may be kind of interesting.
If she fell into the jacuzzi.
Speaker 2 (07:34):
Though, she'd probably get on the steps, she'd just stand there.
It'd just be really confusing.
Speaker 1 (07:39):
Yeah.
Speaker 2 (07:39):
I don't know how she'd do, but you know, yeah,
because there's the step, she would probably figure that out.
Speaker 1 (07:44):
Steps or a seat. So yeah, so that would be fine.
Speaker 2 (07:48):
Yeah, but maybe we need to work with her a
little bit more. I think, I mean, I might need
to train her. But Mellie, we'll see what happens.
Speaker 1 (07:55):
I know.
Speaker 2 (07:55):
I think to do it tomorrow.
Speaker 1 (07:57):
Yeah, I think that's an introduce her to the water.
I think Mary Maln'll be on board with that.
Speaker 2 (08:01):
Yeah, I don't see why she wouldn't be. I think
bray Matta would be totally in favor. Yeah, agreed, So
Mellie is gonna be a great addition to the family. However,
ladies and gentlemen, it's a family, so families do not
come without drama. Georgia is the sweetest dog on planet Earth,
except when it comes to you loving something else. The
(08:22):
love needs to be on her. She's very humble, she's great,
but the second your attention is off of her into
another animal. You know, Marshall, for example, all pet Marshall
and Georgia will give me a side eye. Right, she
doesn't care as much because Marshall's been around. Marshall doesn't
even care. He's not jealous. He's like, I prefer you
to leave me alone if anything. At the end of
the day, let.
Speaker 1 (08:42):
Me sleep, And that's a good way to put it.
Speaker 2 (08:45):
Georgia sometimes will literally trample him so that she can
get under your hand so that you'll start petting her.
It was bad in the beginning. Georgia never got angry.
Georgia was always playful about it. However, when other dogs
come into the equation, it's a little different. Marshall's a
unique cat. He's not an average cat, and he imprinted
off of Georgia. And they're good friends. But we had
(09:07):
a guest come over, a family friend of ours, and
she brought her dog all the way from Florida and
they traveled together. It did fantastic on the plane. And
Ginger is this dog's name. Ginger comes in, beautiful, sweet,
delicate little puppy and just great dog and we're petting her.
Mary Madaline starts petting her. Georgia starts getting aggressive. She's like,
(09:29):
that's my aunt to get off my auntie, get off
her now, and I need the pets. It's mine. And
poor Ginger didn't know what the heck was happening. And
you know then me me John Boudras's dog that I
don't know if it's his dog now, for he's still
fostering her. But Mimi comes over. Mimi is a much
bigger dog than Georgia, and Mimi is what they call
(09:50):
a Sato dog, and Sato dogs come from Puerto Rico,
and there are street mots and so basically there are
a mix of all kinds of breeds. And I think
me and has some German shepherd and her. You know,
she's a strong dog, very strong dog with a lot
of different ancestry, and so she's got a lot of
good hunting skills. Fantastic puppy, and so Georgia has confidence.
(10:12):
She doesn't care if you're an elephant, she will you
don't mess up. But Georgia, she doesn't do it like
a chihuahua. She's not like a chihuahua where they kind
of get aggressive because they have like a Napoleon complex thing.
Georgia she's very noble about her power, except when it
comes to sharing love. The love has to be on.
Speaker 1 (10:31):
Her right, especially if it involves you, me or Mary Magdaline.
Speaker 2 (10:37):
Exactly, because she's just like my people their mine, I'm
there mine, nobody else can have them. But she's a
great dog. She's out there having fun as we speak.
She's running around in circles and she's just having fun.
Speaker 1 (10:51):
Oh yeah.
Speaker 2 (10:52):
Anyways, that's a little bit of what's going on in life.
Speaker 1 (10:55):
Do keep us on your dial. We've got a lot
of great content coming your way, Mike said, And Greg
Workman will show you how to turn confusion into confidence
with simple, safe strategies to protect your emergency cash and
create reliable retirement income. Mary, Madeline Kelly and Greg Murray.
We'll focus on financial fears, some common money anxieties caller
(11:20):
share and how to tackle them. I will be back
with William and we'll talk about simple brain boosting habits
you can build into everyday life, and how lifelong learning
keeps both your mind and your money working for you.
And of course we'll close the hour with some wit
and wisdom from the late Bill Kelly. His words continue
(11:42):
to inspire and guide us. That's a wrap for forever young.
Thank you for listening, and William, thank you for joining me.
Stay with us. We'll be back with more content. William,
I love you, Honey.
Speaker 2 (11:54):
I love you too.
Speaker 5 (11:55):
Mar Us today at eight eight hundred and twenty eighty
one or visit us online at Kelly Financial dot org
to schedule your complimentary retirement income analysis.
Speaker 1 (12:11):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio for
the guide Call eight eight eight eight hundred eighteen eighty
(12:34):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Come retire with us.
Speaker 6 (12:45):
Hello, I'll Mike, you said, chief operating officer at Kelly
Financial Services, and you are listening to Safe Money Strategies
where you have financial future should be built on wisdom.
Speaker 3 (12:54):
Not worry.
Speaker 6 (12:55):
I'm joined by one of our investment advisors, Greg Workman.
Speaker 4 (12:58):
We are here every to help turn confusion into confidence.
Simple strategies can be very smart decisions.
Speaker 6 (13:07):
Tonight, we're talking about your emergency cash stash, your emergency fund.
It's money set aside to cover unexpected expenses or financial surprises.
Speaker 4 (13:17):
Think of it as a financial safety net that helps
you whether life storms, without relying on credit cards or
high interest loans.
Speaker 6 (13:26):
One of the top questions we get is how much
should I have in my emergency fund?
Speaker 4 (13:30):
And right behind that comes what do I do with
money above and beyond that amount?
Speaker 3 (13:37):
The answer starts with your personal situation.
Speaker 6 (13:39):
Every household is different, and that's why we begin with
our Safe Money Strategies workbook.
Speaker 4 (13:45):
That process tackles the big questions, how much do I
need to retire? How long will my money last, when
should I claim Social Security retirement benefits? What are my
tax efficient strategies? And how do I prepare for healthcare
and the cost of long term care throughout retirement.
Speaker 6 (14:08):
When those questions are answered, people experience rail reassurance exactly.
Speaker 4 (14:14):
Retirement planning is more than saving a pile of money.
It's about taxes, health, longevity and income, and ultimately about
confidence and comfort that things will be okay.
Speaker 3 (14:28):
So how much should you keep in your emergency fund?
Speaker 6 (14:31):
Our process looks closely at monthly expenses and how those
expenses change over time. Mortgages, student loans and other big
costs eventually drop off, which affects your future cash flow.
Speaker 4 (14:44):
Once we know your expense picture and your asset base,
we can guide you, but broadly, today's financial professionals recommend
six to twelve months of living expenses, with more being
better if you can affe it.
Speaker 6 (15:00):
The cushion protects you from surprise car or home repairs,
unexpected medical costs, or even helping your kids or grandkids
in a crisis.
Speaker 4 (15:09):
It also protects you from having to sell investments in
a down market. That buffer can be the difference between
staying on track and locking in losses.
Speaker 6 (15:19):
Well said, in short, your emergency fund provides freedom and flexibility,
freedom from ARI and flexibility in how you draw and
tax your income.
Speaker 4 (15:30):
Of course, six to twelve months of expenses is a
big chunk of money. The question is should you invest
it or keep it liquid at the bank.
Speaker 6 (15:40):
Most advisors US included say safety and liquidity come first.
Don't put emergency money in the stock market or volatile assets.
Speaker 3 (15:49):
But that doesn't mean it has to sit idle.
Speaker 4 (15:51):
That's right. Better choices include high yield savings accounts with
FDIC protection and money market funds for stability and liquidity,
or laddered CDs that offer just a bit more yield.
Speaker 6 (16:05):
With the Federal Reserve likely to low interest rates, those
options may not look as attractive in the air future,
so for retirees or those with larger reserves, we recommend
a balanced approach.
Speaker 4 (16:18):
The balanced approach maintains the first three to six months
of expenses in cash or high yield savings account for
immediate access. Then for the remaining portion, we have a
unique conservative investment solution that targets a baseline yield of
five to seven percent, and it's designed to keep your
(16:39):
money working without sacrificing too much safety if the market
goes down.
Speaker 6 (16:44):
We're talking about an investment option. It is important to
note that every investment carries risk, and income investing is
no exception. Clients need to understand the potential downsides, such
as the possibility of dividend cuts or interest rate fluxual.
If you're comfortable embracing a little bit of risk, then
a conservative income strategy can be the key to smooth,
(17:06):
steady and reliable returns on your money. We'll pause here
for a quick break. When we return, we'll take a
deep dive into how investing in an income portfolio can
be a strategic move for various financial goals, especially for
those seeking regular cash flow that beats inflation.
Speaker 1 (17:25):
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 and
(17:47):
eighteen eighty one or email Kelly at Kellyfinancial dot org.
Wh're Kelly Financial. Come Retire with us.
Speaker 3 (17:57):
And we're back.
Speaker 2 (17:58):
Always good to be with you. Yet for those of
you who are just joining us, this is save Money Strategies.
For twenty two years now we've been helping families all
across New England protecting grow their retirement savings. I'm William
Kelly Junior here with our CEO.
Speaker 3 (18:10):
And my mom, Kelly Kelly.
Speaker 1 (18:12):
Thank you, William. Is always a pleasure to be here
with you, and of course with our listeners. Whether you've
been tuned in since the top of the hour or
you're just catching us now, we're certainly glad you're with us.
Speaker 2 (18:26):
So this evening we're talking about something a little different
but really important. Why lifelong learning and mental wellness matter
and retirement.
Speaker 1 (18:35):
That's right. When most people think retirement, they immediately think numbers, savings,
social security taxes, investments. But true retirement readiness isn't just
about the balance sheet. It's about staying healthy, staying engaged,
and keeping your mind sharp.
Speaker 2 (18:57):
Exactly because let's face it, a strong portolio won't mean
a whole lot if someone feels isolated or stagnant. The
research is clear, folks ustamentally sharp and emotionally engaged are
healthier happier and often more independent for longer. Retirement isn't
just about adding years to your life, it's about adding
life to those years.
Speaker 1 (19:19):
That's such a key distinction, William. A good retirement plan
is about the whole person, not just the wallet. Financial
stability gives you the freedom to invest in your well being,
whether that's through new hobbies, continued learning, or being part
of a community. Independence, confidence, and purpose are every bit
(19:44):
as valuable as financial security.
Speaker 2 (19:47):
And when you look at seniors who age the best,
who stay sharp and active, they usually share some common habits.
Lifelong learning is at the top of that list, but
it's not the only one that's right.
Speaker 1 (20:01):
The full picture includes regular physical activity, mindfulness practices like
prayer or meditation, healthy eating, staying socially connected, embracing technology,
and yes, getting enough rest. And there's balance, which really
(20:21):
ties it all together.
Speaker 2 (20:23):
Balance is key because if you focus on just one
piece and neglect the others, something's missing. You could be
exercising your brain but ignoring your body, or you could
be out socializing constantly but running yourself ragged without proper rest.
It's about weaving these things together.
Speaker 1 (20:42):
Exactly, and the beauty of it is these habits aren't extreme.
They're simple, everyday practices that, over time can make a
dramatic difference in memory, in independence, and in your quality
of life.
Speaker 2 (21:01):
Let's drill down on one that's really transformative, lifelong learning,
because it's not just about keeping busy, it's about staying purposeful.
Speaker 1 (21:10):
Right and lifelong learning doesn't have to mean going back
to school, though some retirees do just that. It can
be as simple as exploring an online course, or listening
to a podcast, or dropping into a workshop at your
local library. Each new skill is like exercise for the brain.
Speaker 2 (21:33):
The brain really is like a muscle. It needs challenges
to stay strong, and learning doesn't have to be formal.
Even small daily practices build resilience absolutely.
Speaker 1 (21:44):
Crossword puzzles, word searches or a good book can sharpen focus.
Journaling or writing letters not only spark creativity, but also
preserve memories for your family.
Speaker 2 (21:57):
And writing especially, it helps process thoughts and emotions. Plus
down the road, your kids and grandkids get to look
back at your reflections. That's a legacy.
Speaker 1 (22:09):
That's right. And when you're engaged in these kinds of activities,
you gain confidence. That confidence encourages you to stay social,
try new things, and keep stretching yourself.
Speaker 2 (22:23):
And let's not forget some retirees go big. They finish degrees,
pick up a master's program, or tackle a subject they've
always loved.
Speaker 1 (22:32):
Yes, and many others pursue smaller but equally meaningful goals
like painting a class, a cooking workshop, or joining a
book club. Travel can be a form of education too.
Every new culture, every new place teaches something.
Speaker 2 (22:50):
So where does all of this fit into retirement planning?
Speaker 1 (22:52):
Honestly, right at the center at Kelly Financial, we believe
a retirement plan shouldn't be just about covering your bills.
It should help support the life you want to live.
That might mean planning for tuition for a class, a
budget for travel, or even extra funds for books and
hobby supplies.
Speaker 2 (23:12):
Because lifelong learning is one of the best ways to
stay healthy, fulfilled, and happy in retirement, and that's.
Speaker 1 (23:20):
Why we want to offer you a resource. It's called
Six Secrets to a Happy Retirement and is filled with
practical ideas to help you thrive, whether it is lifelong learning,
building connections, or embracing new adventures. When you combined financial
security with personal fulfillment, you don't just have a safe retirement,
(23:45):
you have a meaningful one.
Speaker 2 (23:47):
This guide is about giving you tools to keep growing
and moving forward. To request your free copy and a
schedule complimentary consultation with our team, give us a call
at eight eight eight hundred one eight eight one or
email us at Kelly at Kelly financial dot org.
Speaker 1 (24:03):
Stay with us, because when we come back, we'll break
down the difference between formal and informal learning, highlight the
practical benefits, and show how your retirement plan can make
it all possible.
Speaker 2 (24:18):
You're listening to Save Money Strategies heard right here on
WBZ News Radio every Saturday evening.
Speaker 1 (24:24):
And don't forget you can catch previous shows anytime on
our radio. Rewind at Kellyfinancial dot org or stream us
on the iheartapp.
Speaker 2 (24:34):
Thanks for tuning in. We'll be right back. 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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