August 2, 2025 • 27 mins
From family transitions to financial transformations, this week’s Safe Money Strategies sets a new gold standard for what it means to retire with heart and purpose. Kelly and William Kelly Jr. open with a powerful Forever Young segment, reflecting on their family’s journey helping their beloved patriarch transition into independent living and how that same level of care inspires their approach to business. You’ll also hear from Kelly Financial’s trusted fiduciary advisors, who offer timely insight into protecting your assets, managing market uncertainty, and building a retirement plan that truly supports the life you want to live. From brain health and daily routines to financial confidence and lasting values, this hour is packed with strategies for living well now and in the future. And finally, the show closes with timeless reflections from the late Bill Kelly - a voice still cherished reminding us that in a world that’s always changing, some values are meant to last. 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
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Speaker 1 (00:00):
Discover safe money strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred one to
eighty one, or visit Kellyfinancial dot org.
Speaker 2 (00:16):
Good evening, This is Greg Murray, Senior vice president and
chief Compliance Officer at Kelly Financial Services. Joining me today
is Mary Madeline Kelly, one of our wealth advisors. How
are you doing tonight, Good.
Speaker 3 (00:26):
Evening, Greg, I am doing well. Thanks for asking. This
summer is quite literally flying by. I cannot believe July
is already over. I have my race tomorrow and I
am so excited to not have to coordinate my free
time around training for that anymore. So do you have
any fun plans.
Speaker 2 (00:41):
Coming up tonight? I will actually be heading to Vermont
for a surprise birthday adventure for Diane. I'm not going
to go into specifics just in case she's listening to
us today, but hopefully it'll be a hoot.
Speaker 3 (00:51):
From the sounds of it, I know she's going to
love it and you both will have a blast.
Speaker 4 (00:55):
You know.
Speaker 3 (00:55):
Today's topic is one of my favorites because it's so
simple and yet so powered. We're talking about why investing
early and often is one of the most important decisions
you can make for your financial future.
Speaker 2 (01:07):
That's right, and this message isn't just for people in
their twenties or thirties. It's for everyone, because whether you're
just getting started or helping a child a grandchild think
about their financial life, the concept of investing early and
doing it consistently is a total game changer.
Speaker 3 (01:21):
Let's start with the big reason why this works so well,
compound growth. When you invest early, your money has more
time to grow, and it doesn't just grow once it
grows on itself. That's what compound interest is, earning interest
on your interest.
Speaker 2 (01:35):
Here's a simple example. If a twenty five year old
invests two hundred dollars on a monthly basis and earns
an average of seven percent annually, by age sixty five,
they'd have over five hundred thousand dollars. But if they
waited just ten years and start at thirty five investing
the same amount, they'd end up with only about two
hundred and forty five thousand. That's less than half just
because of a ten.
Speaker 3 (01:55):
Year delay, and that's without ever increasing the contribution. Imagine
if you slowly increase your contributions as your income grows,
that snowball effect is what makes long term investing so powerful.
Speaker 2 (02:06):
Now let's talk about the often part. Investing early is
step one, but investing regularly is what keeps the momentum going.
That's where dollar cost averaging comes in.
Speaker 3 (02:14):
Dollar cost averaging just means putting money into the market
on a consistent basis, like monthly or bi weekly, regardless
of whether the market is up or down. It takes
the emotion out of the equation and lets you buy
more shares when prices are low and fewer when prices
are high.
Speaker 2 (02:30):
It's a great way to build wealth without trying to
time the market. And let's be honest, no one gets
market timing right. Regular investing helps you stay disciplined and
keeps moving forward no matter what's going on in the headlines.
Speaker 3 (02:41):
And I think that's where people get tripped up. They say,
I'll wait until things settle down, or I want to
invest when the market's better. But the truth is waiting
on the sidelines is often the biggest cost of all.
Speaker 2 (02:51):
The longer your money sitts uninvested, the more growth potential
you miss, and you don't have to start big. Even
small amounts invested early and often can add up to
a life changing difference over time.
Speaker 3 (03:01):
Another great point is that investing early gives you flexibility later.
If you build wealth slowly and steadily, you're not scrambling
to catch up in your fifties or sixties. You have
options retire early, travel more, work less, or even just
to help your family.
Speaker 2 (03:16):
It also helps us stress. People who invest early and
often tend to feel more confident about their future. They
know they're building something, even if it doesn't feel exciting.
Speaker 5 (03:23):
Day to day.
Speaker 3 (03:24):
And I want to add this, it isn't just about retirement.
This approach works for any goal, buying a home, building
a college fund, creating generational wealth. It's about building habits
that pay off in the long run.
Speaker 2 (03:36):
So if you're listening and wondering if it's too late
to start, it's not the best time to start was yesterday,
the second best time today, and the best way to
stick with it. Automate it, set up monthly contributions, and
let time do the heavy lifting.
Speaker 3 (03:48):
So let's recap for our listeners. Start as early as
you can. Time is your best asset. Invest regularly, even
if it's a small amount. Don't try to time the market.
Consistency beats perfection, compound growth, work in your favor, review
your plan annually, and increase contributions when you.
Speaker 2 (04:04):
Can, and if you're not sure how to get started
or how much you can realistically afford to invest, this
is exactly what we help people with every day.
Speaker 3 (04:12):
Absolutely whether you're in your twenties, forties, or sixties, it's
never too early or too late to build a strategy
that works for you.
Speaker 2 (04:19):
What did Bill Kelly? I always say, when is the
best time to plan a tree? Twenty years ago? When's
the next best time today?
Speaker 3 (04:25):
Can't forget it? Well, that's all for today, So thanks
for listening and reach out if you want some more
insight on the importance of investing early and often.
Speaker 2 (04:33):
Good luck and you raise tomorrow.
Speaker 3 (04:34):
Thanks Greg, and enjoy the weekend with Diane.
Speaker 1 (04:42):
Discover safe money strategies with Kelly Kelly and her team
called Kelly Financial at eighty eight eight hundred one eighty
one or visit Kelly Financial dot org.
Speaker 6 (04:54):
I believe that this nation should commit it so achieving
the goal of landing a man on the moon.
Speaker 3 (05:00):
And returning him safely to the Earth.
Speaker 7 (05:03):
Six five four three two one zero All engine Runner
look go on.
Speaker 6 (05:13):
To follow aleven.
Speaker 5 (05:14):
Remember those Apollo Moon missions one of America's greatest adventures
and achievements too. The nation set a goal and then
realized it. What are your goals? At Kelly Financial Services.
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach
(05:34):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kelly Financial dot org. Where do
you want to land within Tanglaritybavier have landed. We are
Kelly Financial Services. Come retire with us.
Speaker 1 (05:57):
Welcome back to Saturday Night Safe Money Strategy on WBZ.
I'm William Kelly Junior, and I'm back a kim with
someone who not only leads our firm, but also leads
our family. My mom, Kelly Kelly. She's the CEO of
Kelly Financial Services and she's with me again this evening.
Speaker 7 (06:12):
Hi Mom, Hello again, William. I always look forward to
our conversations and thank you for that warm introduction.
Speaker 1 (06:20):
Of course, in our first segment, we talked about the
importance of lifelong learning, good nutrition, and lowering stress to
support brain health in retirement. And now we're diving into
a few more habits that really matter, like sleep, daily routines,
and social connection.
Speaker 7 (06:35):
That's right. These are often overlooked, but they make such
a difference because all of these things affect not just
our physical health, but also how clearly we think and
how confidently we make financial decisions as we age.
Speaker 1 (06:51):
Let's start with sleep. I think sleep is totally underrated.
People treat it like downtime, but it's actually when the
brain does a lot of its most important work, right exactly.
Speaker 7 (07:02):
Sleep is when the brain clears out toxins, processes emotions,
and files away memories. It's like overnight housekeeping for your mind.
And when we don't get enough sleep, or when our
sleep patterns are inconsistent, it can cloud our thinking, it
(07:22):
can impact our mood and even interfere with good judgment.
Speaker 1 (07:27):
And I know for retirees their schedules sometimes get a
little loose. That can mess as sleep too.
Speaker 7 (07:32):
Right, It can when you don't have a regular wake
up time, bedtime, or even meal routine, it throws off
your internal clock. Having some structure, even without a nine
to five job, is so important for brain health and
for overall wellness.
Speaker 1 (07:51):
So even in retirement routines still matter absolutely.
Speaker 7 (07:55):
Sleep structure and rhythm, support, clarity, memory, and focus. They
help people feel grounded and capable, and that shows up
in their financial life too.
Speaker 1 (08:09):
Okay, let's shift gears a bet. One thing I've noticed
is how many retirees mentioned feeling lonely after leaving work,
especially for people who are used to being part of
a team every day.
Speaker 7 (08:19):
Yes, and loneliness is one of the most dangerous things
for the brain. Social connection is like mental exercise. It
keeps people sharp, grounded, and emotionally balanced. It can even
reduce the risk of cognitive decline.
Speaker 1 (08:36):
So whether it's a weekly coffee with a friend, or
joining a group or taking a class, it's not just
nice to have, it's essential.
Speaker 7 (08:42):
It is. Studies show that retirees with active social lives
have slower rates of memory decline. Staying connected really does
protect your brain. It creates purpose and helps people stay
more engaged with their finances too.
Speaker 1 (09:00):
Sense and also ties into financial confidence right it does.
Speaker 7 (09:04):
When people feel supported by family, by their community, or
by a good advisor, they're more likely to ask questions,
stick to their plan, and feel in control of their
financial life.
Speaker 1 (09:18):
So having a team around you helps you stay clear
headed and confident.
Speaker 7 (09:22):
Yes, we see it all the time. When someone knows
they're not alone, they make better, less stressful decisions. It's
like having a safety net, and that reduces anxiety, especially
during times of transition.
Speaker 1 (09:38):
Earlier we talked about learning new things. I want to
circle back to that because it's not just about staying
mentally active. It actually builds something important, right.
Speaker 7 (09:46):
Yes, cognitive reserve. That's your brain's backup system when you
learn new and challenging things, especially later in life. It
helps delay cognitive decline and can even slow the onset
of diseases like dementia.
Speaker 1 (10:03):
So learning to budget, to invest, or even understanding medicare
all of that helps your brain.
Speaker 7 (10:09):
It does. A Harvard study even found that people with
stronger financial literacy have better long term decision making and resilience. Unfortunately,
when memories start slipping, money management is often one of
the first things to suffer. That's why early planning is
so critical.
Speaker 1 (10:31):
So what should someone do if they or a loved
ones start noticing memory issues.
Speaker 7 (10:35):
That's the time to bring in family and a trusted advisor.
At Killy Financial, we help simplify things organizing accounts, automating
bills and creating a safety net that reduces stress and
minimizes mistakes.
Speaker 1 (10:52):
It sounds like part of it is managing.
Speaker 7 (10:54):
Risk, yes, but also preserving dignity. We work with families
to set up powers of attorney, designate trusted contacts, and
create systems that let someone stay independent as long as possible.
It's about protecting not just the money, but the person.
Speaker 1 (11:13):
So the earlier someone gets those plans in place, the better.
Speaker 7 (11:16):
Always planning ahead gives you options, confidence and peace of mind,
and it gives your loved ones clarity too, which is
a real gift.
Speaker 1 (11:27):
And we've got a free guide that can help with us.
Speaker 7 (11:29):
Right we do is called Don't let Healthcare Expenses derail
your retirement. It breaks down what Medicare does and doesn't cover.
It also explains how inflation is driving up the cost
of dental care, vision, long term care, and chronic illness
more than any other retirement expense.
Speaker 1 (11:50):
So it's not just informative. It helps people prepare before
those bills starts showing up exactly.
Speaker 7 (11:56):
It includes planning tips, important stats on practical advice you
can use right now. We want you to feel empowered,
not overwhelmed.
Speaker 1 (12:07):
If you want to protect both your health and your finances.
This guide is a great first step. To get your
copy and schedule complimentary appointment with a Kelly Financial advisor.
Just call eighty eight eight hundred and one eighty one
or email Kelly at Kellyfinancial dot org.
Speaker 7 (12:21):
And we'll be back next week with more thoughtful conversations
about how to protect your money and your future.
Speaker 1 (12:28):
You're listening to Safe Money Strategies right here on WBZ
and streaming on the iHeart app. Thanks for spending your
Saturday evening with us Safe Money Strategies with Kelly. Kelly
and her team. Called Kelly Financial at eighty eight eight
hundred twenty and eighty one or go to Kelly Financial
dot org. That's Kelly at Kelly Financial dot org.
Speaker 5 (12:52):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.
Speaker 8 (13:03):
You can always make money if you haven't if you
lose it all, It's very difficult to do that. So
you have to have a plan. If the market goes
up quite a bit or down quite a bit, you
have to be ready and how do you sort fact
from fiction?
Speaker 5 (13:17):
Download Kelly Financial's consumer Guide, simply called the Value of
an objective opinion. With so much at stake with your
retirement future, you don't just want any financial advice, but
objective financial advice, and as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org
(13:39):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.
Speaker 8 (13:44):
Ladies and gentlemen sort fact from fiction.
Speaker 5 (13:46):
We are Kelly Financial Services. Come retire with.
Speaker 6 (13:50):
Us, Welcome back to save money Strategies. I'm Mike d
set in here with me is gregor if you just
joined us. We were talking about how experiences bring lasting
happiness more than material things, and how planning for retirement
isn't just about the money, It's about creating space for
(14:12):
those joyful experiences.
Speaker 4 (14:14):
Right Mike. We also shared the story of our client, Steve,
a hard working, steady saver who planned carefully and is
now enjoying retirement with his family, including an unforgettable Disney
World trip with his grand children.
Speaker 6 (14:28):
Steve's story really illustrates how smart planning creates confidence, and
that's exactly what we want. For everyone we work with.
But let's be honest, retirement planning can feel overwhelming. People
often say I don't know where to start, or what
if I make the wrong decisions? Will I run out
of money if I spend on things I enjoy?
Speaker 4 (14:49):
Those are all very common concerns. That's why here at
Kelly Financial, our approach isn't just about investing. It all
starts with a detailed cash flow and now.
Speaker 6 (15:00):
Let's break that down. Cash Flow analysis means we map
out everything you expect to spend and everything you expect
to receive month by month, year by year exactly.
Speaker 4 (15:11):
We look at your income sources like social security, pensions, investments,
and even part time work if you have it. Then
we tally your expenses, housing, healthcare, food, utilities, and also
the things that bring you joy, like travel or hobbies.
Speaker 6 (15:27):
What's powerful is this gives you a clear picture of
your financial future. You see exactly when and how much
money will come in and how far it will go.
Speaker 4 (15:37):
The process takes the guesswork out of retirement, turning uncertainty
into a plan you can trust.
Speaker 6 (15:43):
And this is where our workbook Safe Money Strategies rarely shines.
It's designed to help you gather the information we need
to build that plan. It guides you through the questions
you might not have thought to ask yourself, like how
much do I actually spend each month, what big expenses
might come up, what kind of lifestyle do I want
(16:04):
to maintain?
Speaker 4 (16:04):
And once the workbook is complete, we sit down together
and customize your plan based on your goals, your resources,
and your comfort level with risk.
Speaker 6 (16:14):
One of the most rewarding parts of our job is
watching clients go from stress and uncertain to calm and confident.
It's like a weight lifts off their shoulders.
Speaker 4 (16:23):
We often hear I feel like I finally have permission
to enjoy my money.
Speaker 6 (16:29):
And that permission is so important because it encourages people
to do things that enrich their lives, like taking trips,
spending on hobbies, or even giving gifts to family without
the nagging worry.
Speaker 4 (16:41):
Back to that anticipatory joy. When you plan and budget
for big experiences, the happiness starts well before the event.
You can look forward to something special knowing it fits
comfortably within your financial plan.
Speaker 6 (16:55):
And that joy builds community, strengthens relationships, and adds meaning,
all things Harvard says are key to long term happiness.
Speaker 4 (17:04):
Another thing we focus on is sustainable withdrawal strategies. That's
just a fancy term for making sure your investments provides steady,
predictable income without depleting your nest egg too quickly.
Speaker 6 (17:17):
Right, nobody wants to run out of money in their
seventies or eighties, so we run detailed scenarios including market downturns, inflation,
healthcare expenses, and other surprises to build a plan that's durable.
Speaker 4 (17:31):
This planning also helps you decide when to take Social
Security to maximize benefits, how to manage required minimum distributions
are rmds from retirement accounts, and whether annuities or other
guaranteed income products may make sense for you.
Speaker 6 (17:47):
It's a holistic process, and it all starts with honest
conversations and a simple step getting the workbook, filling it
out and scheduling that initial consultation.
Speaker 4 (17:57):
We want every listener to feel and to take that
first step, no matter where they are in their retirement journey.
Speaker 6 (18:04):
If you're wondering is this right for me? The answer
is yes. Whether you're just starting to save, naring retirement,
or already retired and concerned about longevity, this process can help.
Speaker 4 (18:16):
And remember there's no obligation. It's about education and peace
of mind.
Speaker 6 (18:21):
That's why we encourage you to contact us for a
complementary consultation and request your free Safe Money Strategies workbook.
Speaker 4 (18:29):
Contact our office today at eight eight eight eight hundred
eighteen eighty one or visit us online at Kellyfinancial dot org.
Speaker 6 (18:40):
Take that first step toward a retirement where you can
focus on experiences, the trips, the family moments, the simple
joys knowing your money is working for you.
Speaker 4 (18:49):
Thank you for turning into safe money Strategies. With that,
I'm Greg Workman.
Speaker 8 (18:54):
And I'm Mike.
Speaker 6 (18:55):
You said, We'll see you next time. Until then, enjoy
planning and more importantly, living your best retirement.
Speaker 7 (19:04):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty
(19:26):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Speaker 1 (19:32):
Come retire with us discover safe money strategies with Kelly
Kelly and her team. Called Kelly Financial at eighty eight
eight hundred one eighty one or visit Kelly Financial dot org.
Speaker 5 (19:45):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly, who today tests time time.
Speaker 8 (19:56):
You don't have as much left today as you had yesterday.
So rule of science, when's the best time to plant
a tree twenty years ago? When's the second best time
to plant a tree? Tomorrow? Today? Whenever you can get
to it, that's the next best time.
Speaker 5 (20:11):
There's no time like the present to begin saving, planning
and enjoying retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and a retirement
well lived. Go to Kellyfinancial dot org or call eight
(20:32):
eight eight eight hundred eighteen eighty one to spend some
time with one of our financial advisors.
Speaker 8 (20:37):
Time, ladies and gentlemen, it's not too late.
Speaker 5 (20:40):
We are Kelly Financial. Come retire with us.
Speaker 7 (20:45):
Before we say good night, we want to share a
few timeless words from Bill Kelly, my late husband and
the co founder of Kelly Financial Services, a voice still
cherished by so many. In this segment, Bill Lex on trust,
simpler times, in the power of lasting relationships. It's a personal,
(21:08):
powerful reminder that in a world this always changing, some
values are meant to stay the same.
Speaker 8 (21:17):
Welcome, ladies and gentlemen, It's great to be back with
you again this week. Who do you trust well? You
trust your partner, you trust your husband, you trust your wife,
you'd probably trust your children. Back in our day, the
banker was the same man year after year. The bank
was Hospital Trust. The man's name was mister Finnity, and
(21:40):
I knew him from when I was a small child
until I was in the Air Force a technology institute
out in Denver in my twenties. I still knew who
to call at Hospital Trust Bank. His name was mister
Finnity and he was the vice president then when I
first knew him when I was five years old. He
(22:01):
might have been a loan officer. I'm not sure, but
we knew who he was and he helped our family
and he was a great man in my opinion. But
back then bankers did banking insurance. The insurance man came
to the house, he did our insurance. And if we
walked down onto Bellevue Avenue, we could walk into a
(22:22):
reel live stockbroker's office and we could sit on the
bench with very wealthy men and women, and we could
watch a real ticker tape. How did that work. It
was a paper punch tape that went through a machine
that shined light from behind it and broadcast the ticker
tape on the wall on a screen. It was a
(22:43):
true ticker tape. Those three people, the insurance man, the
banker whom we don't know now. We don't even know
what the name of our bank's going to be in
the morning, never mind having the same banker and the
stockbroker now are basically the same person. Because everyone wanted
to get in on the act. In my town, there
(23:04):
used to be a store where you would bring a
television tuner. It was a dial that you turned on
the television to change the station. We used to call him,
and there was a man his job was to fix
those things, television tuners. We had one television from age
when I was three, I can remember television. At two.
(23:25):
We had the same television till I was almost ten,
Black Zenith. It was huge. Ladies and gentlemen. We had
this same television repairman. He would come in. He had
a truck and he would bring a machine in, test
the tubes, change the tubes, put the back on the TV,
(23:47):
and out he would go. We get our second TV
in nineteen sixty one, and I think the next television
we got was nineteen sixty five. It was a Sears
Collor TV Hellelujah. It sat in a giant console. It
looked beautiful and we could watch Bonanza in color. But
(24:07):
all through those years we had the same television repair man,
and it was fourteen dollars a year, and that TV
was fixed whenever it was broken, and the worst days
were when they had to take that thing back to
the shop. Heaven only knew when you were going to
get that TV back. So we had the same person
doing that. We had the same toaster my whole life,
(24:31):
the same toaster, ladies and gentlemen. We had the same
mixer from when I was a child to when I
left for the service. Things didn't change much. Same teapot
my entire life until I was fifty, when I went
to my folks house that the teapot would be there.
So things are much different now. We had probably had
(24:54):
three different vacuums my entire life. Now they come and go.
It's amazing what happens. It's a throwaway society. Trying to
get a hold of people. Contact is vital. It's difficult,
so you have to be careful. You have to be careful,
and you have to find out what's important to you.
(25:16):
What's important to you about having enough money, ladies and gentlemen,
what's important to you about not having to be a
dependent on the state. What's important to you about being
able to leave a lasting legacy for your children? My
son we read a book every day at night. It's
called Mike Mulligan and his Steam Shovel, and Mike Mulligan's
(25:40):
steam shovel was named Marie Anne. Believe it or not.
The book is from the thirties. It's a very short book.
But Mike Mulligan and Marianne would travel around the country
and they would dig highways and canals, basements of buildings
and things like that. But when people watched them. The
one thing about Mike Mulligan and Marianne, if people gathered
(26:02):
around to watch them work, they'd work a little faster
and a little better. And I think that's true about
anyone in any industry. If you're monitoring what's happening, then
things might happen a little better and a little faster
for you. If you can do that.
Speaker 1 (26:30):
Discover safe money strategies with Kelly Kelly and her team
called Kelly Financial at eighty eight eight hundred and one
to eighty one, or visit Kelly Financial dot org.
Speaker 5 (26:52):
All opinions expressed by the host guests for employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from source is deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided is
general in nature and is not intended to be specific investment, tax,
or legal advice. It is always advisable to consult a
professional before making a financial decision.
Discover safe money strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred one to
eighty one, or visit Kellyfinancial dot org.
Speaker 2 (00:16):
Good evening, This is Greg Murray, Senior vice president and
chief Compliance Officer at Kelly Financial Services. Joining me today
is Mary Madeline Kelly, one of our wealth advisors. How
are you doing tonight, Good.
Speaker 3 (00:26):
Evening, Greg, I am doing well. Thanks for asking. This
summer is quite literally flying by. I cannot believe July
is already over. I have my race tomorrow and I
am so excited to not have to coordinate my free
time around training for that anymore. So do you have
any fun plans.
Speaker 2 (00:41):
Coming up tonight? I will actually be heading to Vermont
for a surprise birthday adventure for Diane. I'm not going
to go into specifics just in case she's listening to
us today, but hopefully it'll be a hoot.
Speaker 3 (00:51):
From the sounds of it, I know she's going to
love it and you both will have a blast.
Speaker 4 (00:55):
You know.
Speaker 3 (00:55):
Today's topic is one of my favorites because it's so
simple and yet so powered. We're talking about why investing
early and often is one of the most important decisions
you can make for your financial future.
Speaker 2 (01:07):
That's right, and this message isn't just for people in
their twenties or thirties. It's for everyone, because whether you're
just getting started or helping a child a grandchild think
about their financial life, the concept of investing early and
doing it consistently is a total game changer.
Speaker 3 (01:21):
Let's start with the big reason why this works so well,
compound growth. When you invest early, your money has more
time to grow, and it doesn't just grow once it
grows on itself. That's what compound interest is, earning interest
on your interest.
Speaker 2 (01:35):
Here's a simple example. If a twenty five year old
invests two hundred dollars on a monthly basis and earns
an average of seven percent annually, by age sixty five,
they'd have over five hundred thousand dollars. But if they
waited just ten years and start at thirty five investing
the same amount, they'd end up with only about two
hundred and forty five thousand. That's less than half just
because of a ten.
Speaker 3 (01:55):
Year delay, and that's without ever increasing the contribution. Imagine
if you slowly increase your contributions as your income grows,
that snowball effect is what makes long term investing so powerful.
Speaker 2 (02:06):
Now let's talk about the often part. Investing early is
step one, but investing regularly is what keeps the momentum going.
That's where dollar cost averaging comes in.
Speaker 3 (02:14):
Dollar cost averaging just means putting money into the market
on a consistent basis, like monthly or bi weekly, regardless
of whether the market is up or down. It takes
the emotion out of the equation and lets you buy
more shares when prices are low and fewer when prices
are high.
Speaker 2 (02:30):
It's a great way to build wealth without trying to
time the market. And let's be honest, no one gets
market timing right. Regular investing helps you stay disciplined and
keeps moving forward no matter what's going on in the headlines.
Speaker 3 (02:41):
And I think that's where people get tripped up. They say,
I'll wait until things settle down, or I want to
invest when the market's better. But the truth is waiting
on the sidelines is often the biggest cost of all.
Speaker 2 (02:51):
The longer your money sitts uninvested, the more growth potential
you miss, and you don't have to start big. Even
small amounts invested early and often can add up to
a life changing difference over time.
Speaker 3 (03:01):
Another great point is that investing early gives you flexibility later.
If you build wealth slowly and steadily, you're not scrambling
to catch up in your fifties or sixties. You have
options retire early, travel more, work less, or even just
to help your family.
Speaker 2 (03:16):
It also helps us stress. People who invest early and
often tend to feel more confident about their future. They
know they're building something, even if it doesn't feel exciting.
Speaker 5 (03:23):
Day to day.
Speaker 3 (03:24):
And I want to add this, it isn't just about retirement.
This approach works for any goal, buying a home, building
a college fund, creating generational wealth. It's about building habits
that pay off in the long run.
Speaker 2 (03:36):
So if you're listening and wondering if it's too late
to start, it's not the best time to start was yesterday,
the second best time today, and the best way to
stick with it. Automate it, set up monthly contributions, and
let time do the heavy lifting.
Speaker 3 (03:48):
So let's recap for our listeners. Start as early as
you can. Time is your best asset. Invest regularly, even
if it's a small amount. Don't try to time the market.
Consistency beats perfection, compound growth, work in your favor, review
your plan annually, and increase contributions when you.
Speaker 2 (04:04):
Can, and if you're not sure how to get started
or how much you can realistically afford to invest, this
is exactly what we help people with every day.
Speaker 3 (04:12):
Absolutely whether you're in your twenties, forties, or sixties, it's
never too early or too late to build a strategy
that works for you.
Speaker 2 (04:19):
What did Bill Kelly? I always say, when is the
best time to plan a tree? Twenty years ago? When's
the next best time today?
Speaker 3 (04:25):
Can't forget it? Well, that's all for today, So thanks
for listening and reach out if you want some more
insight on the importance of investing early and often.
Speaker 2 (04:33):
Good luck and you raise tomorrow.
Speaker 3 (04:34):
Thanks Greg, and enjoy the weekend with Diane.
Speaker 1 (04:42):
Discover safe money strategies with Kelly Kelly and her team
called Kelly Financial at eighty eight eight hundred one eighty
one or visit Kelly Financial dot org.
Speaker 6 (04:54):
I believe that this nation should commit it so achieving
the goal of landing a man on the moon.
Speaker 3 (05:00):
And returning him safely to the Earth.
Speaker 7 (05:03):
Six five four three two one zero All engine Runner
look go on.
Speaker 6 (05:13):
To follow aleven.
Speaker 5 (05:14):
Remember those Apollo Moon missions one of America's greatest adventures
and achievements too. The nation set a goal and then
realized it. What are your goals? At Kelly Financial Services.
We've got the right team and technology to help launch
your retirement planning. Let us help you set and reach
(05:34):
your goals for your greatest adventure and achievement. Call us
at eight eight eight eight hundred and eighteen eighty one
or visit us at Kelly Financial dot org. Where do
you want to land within Tanglaritybavier have landed. We are
Kelly Financial Services. Come retire with us.
Speaker 1 (05:57):
Welcome back to Saturday Night Safe Money Strategy on WBZ.
I'm William Kelly Junior, and I'm back a kim with
someone who not only leads our firm, but also leads
our family. My mom, Kelly Kelly. She's the CEO of
Kelly Financial Services and she's with me again this evening.
Speaker 7 (06:12):
Hi Mom, Hello again, William. I always look forward to
our conversations and thank you for that warm introduction.
Speaker 1 (06:20):
Of course, in our first segment, we talked about the
importance of lifelong learning, good nutrition, and lowering stress to
support brain health in retirement. And now we're diving into
a few more habits that really matter, like sleep, daily routines,
and social connection.
Speaker 7 (06:35):
That's right. These are often overlooked, but they make such
a difference because all of these things affect not just
our physical health, but also how clearly we think and
how confidently we make financial decisions as we age.
Speaker 1 (06:51):
Let's start with sleep. I think sleep is totally underrated.
People treat it like downtime, but it's actually when the
brain does a lot of its most important work, right exactly.
Speaker 7 (07:02):
Sleep is when the brain clears out toxins, processes emotions,
and files away memories. It's like overnight housekeeping for your mind.
And when we don't get enough sleep, or when our
sleep patterns are inconsistent, it can cloud our thinking, it
(07:22):
can impact our mood and even interfere with good judgment.
Speaker 1 (07:27):
And I know for retirees their schedules sometimes get a
little loose. That can mess as sleep too.
Speaker 7 (07:32):
Right, It can when you don't have a regular wake
up time, bedtime, or even meal routine, it throws off
your internal clock. Having some structure, even without a nine
to five job, is so important for brain health and
for overall wellness.
Speaker 1 (07:51):
So even in retirement routines still matter absolutely.
Speaker 7 (07:55):
Sleep structure and rhythm, support, clarity, memory, and focus. They
help people feel grounded and capable, and that shows up
in their financial life too.
Speaker 1 (08:09):
Okay, let's shift gears a bet. One thing I've noticed
is how many retirees mentioned feeling lonely after leaving work,
especially for people who are used to being part of
a team every day.
Speaker 7 (08:19):
Yes, and loneliness is one of the most dangerous things
for the brain. Social connection is like mental exercise. It
keeps people sharp, grounded, and emotionally balanced. It can even
reduce the risk of cognitive decline.
Speaker 1 (08:36):
So whether it's a weekly coffee with a friend, or
joining a group or taking a class, it's not just
nice to have, it's essential.
Speaker 7 (08:42):
It is. Studies show that retirees with active social lives
have slower rates of memory decline. Staying connected really does
protect your brain. It creates purpose and helps people stay
more engaged with their finances too.
Speaker 1 (09:00):
Sense and also ties into financial confidence right it does.
Speaker 7 (09:04):
When people feel supported by family, by their community, or
by a good advisor, they're more likely to ask questions,
stick to their plan, and feel in control of their
financial life.
Speaker 1 (09:18):
So having a team around you helps you stay clear
headed and confident.
Speaker 7 (09:22):
Yes, we see it all the time. When someone knows
they're not alone, they make better, less stressful decisions. It's
like having a safety net, and that reduces anxiety, especially
during times of transition.
Speaker 1 (09:38):
Earlier we talked about learning new things. I want to
circle back to that because it's not just about staying
mentally active. It actually builds something important, right.
Speaker 7 (09:46):
Yes, cognitive reserve. That's your brain's backup system when you
learn new and challenging things, especially later in life. It
helps delay cognitive decline and can even slow the onset
of diseases like dementia.
Speaker 1 (10:03):
So learning to budget, to invest, or even understanding medicare
all of that helps your brain.
Speaker 7 (10:09):
It does. A Harvard study even found that people with
stronger financial literacy have better long term decision making and resilience. Unfortunately,
when memories start slipping, money management is often one of
the first things to suffer. That's why early planning is
so critical.
Speaker 1 (10:31):
So what should someone do if they or a loved
ones start noticing memory issues.
Speaker 7 (10:35):
That's the time to bring in family and a trusted advisor.
At Killy Financial, we help simplify things organizing accounts, automating
bills and creating a safety net that reduces stress and
minimizes mistakes.
Speaker 1 (10:52):
It sounds like part of it is managing.
Speaker 7 (10:54):
Risk, yes, but also preserving dignity. We work with families
to set up powers of attorney, designate trusted contacts, and
create systems that let someone stay independent as long as possible.
It's about protecting not just the money, but the person.
Speaker 1 (11:13):
So the earlier someone gets those plans in place, the better.
Speaker 7 (11:16):
Always planning ahead gives you options, confidence and peace of mind,
and it gives your loved ones clarity too, which is
a real gift.
Speaker 1 (11:27):
And we've got a free guide that can help with us.
Speaker 7 (11:29):
Right we do is called Don't let Healthcare Expenses derail
your retirement. It breaks down what Medicare does and doesn't cover.
It also explains how inflation is driving up the cost
of dental care, vision, long term care, and chronic illness
more than any other retirement expense.
Speaker 1 (11:50):
So it's not just informative. It helps people prepare before
those bills starts showing up exactly.
Speaker 7 (11:56):
It includes planning tips, important stats on practical advice you
can use right now. We want you to feel empowered,
not overwhelmed.
Speaker 1 (12:07):
If you want to protect both your health and your finances.
This guide is a great first step. To get your
copy and schedule complimentary appointment with a Kelly Financial advisor.
Just call eighty eight eight hundred and one eighty one
or email Kelly at Kellyfinancial dot org.
Speaker 7 (12:21):
And we'll be back next week with more thoughtful conversations
about how to protect your money and your future.
Speaker 1 (12:28):
You're listening to Safe Money Strategies right here on WBZ
and streaming on the iHeart app. Thanks for spending your
Saturday evening with us Safe Money Strategies with Kelly. Kelly
and her team. Called Kelly Financial at eighty eight eight
hundred twenty and eighty one or go to Kelly Financial
dot org. That's Kelly at Kelly Financial dot org.
Speaker 5 (12:52):
I'm John Boudris, and welcome to a new edition of
Kelly Financials. What would Bill say? The wit and wisdom
of the late Bill Kelly. Today we'll address fact from fiction.
Speaker 8 (13:03):
You can always make money if you haven't if you
lose it all, It's very difficult to do that. So
you have to have a plan. If the market goes
up quite a bit or down quite a bit, you
have to be ready and how do you sort fact
from fiction?
Speaker 5 (13:17):
Download Kelly Financial's consumer Guide, simply called the Value of
an objective opinion. With so much at stake with your
retirement future, you don't just want any financial advice, but
objective financial advice, and as a fiduciary, Kelly Financial puts
your interests above all else. Go to Kellyfinancial dot org
(13:39):
or call eight eight eight eight hundred and eighteen eighty
one to get the guide.
Speaker 8 (13:44):
Ladies and gentlemen sort fact from fiction.
Speaker 5 (13:46):
We are Kelly Financial Services. Come retire with.
Speaker 6 (13:50):
Us, Welcome back to save money Strategies. I'm Mike d
set in here with me is gregor if you just
joined us. We were talking about how experiences bring lasting
happiness more than material things, and how planning for retirement
isn't just about the money, It's about creating space for
(14:12):
those joyful experiences.
Speaker 4 (14:14):
Right Mike. We also shared the story of our client, Steve,
a hard working, steady saver who planned carefully and is
now enjoying retirement with his family, including an unforgettable Disney
World trip with his grand children.
Speaker 6 (14:28):
Steve's story really illustrates how smart planning creates confidence, and
that's exactly what we want. For everyone we work with.
But let's be honest, retirement planning can feel overwhelming. People
often say I don't know where to start, or what
if I make the wrong decisions? Will I run out
of money if I spend on things I enjoy?
Speaker 4 (14:49):
Those are all very common concerns. That's why here at
Kelly Financial, our approach isn't just about investing. It all
starts with a detailed cash flow and now.
Speaker 6 (15:00):
Let's break that down. Cash Flow analysis means we map
out everything you expect to spend and everything you expect
to receive month by month, year by year exactly.
Speaker 4 (15:11):
We look at your income sources like social security, pensions, investments,
and even part time work if you have it. Then
we tally your expenses, housing, healthcare, food, utilities, and also
the things that bring you joy, like travel or hobbies.
Speaker 6 (15:27):
What's powerful is this gives you a clear picture of
your financial future. You see exactly when and how much
money will come in and how far it will go.
Speaker 4 (15:37):
The process takes the guesswork out of retirement, turning uncertainty
into a plan you can trust.
Speaker 6 (15:43):
And this is where our workbook Safe Money Strategies rarely shines.
It's designed to help you gather the information we need
to build that plan. It guides you through the questions
you might not have thought to ask yourself, like how
much do I actually spend each month, what big expenses
might come up, what kind of lifestyle do I want
(16:04):
to maintain?
Speaker 4 (16:04):
And once the workbook is complete, we sit down together
and customize your plan based on your goals, your resources,
and your comfort level with risk.
Speaker 6 (16:14):
One of the most rewarding parts of our job is
watching clients go from stress and uncertain to calm and confident.
It's like a weight lifts off their shoulders.
Speaker 4 (16:23):
We often hear I feel like I finally have permission
to enjoy my money.
Speaker 6 (16:29):
And that permission is so important because it encourages people
to do things that enrich their lives, like taking trips,
spending on hobbies, or even giving gifts to family without
the nagging worry.
Speaker 4 (16:41):
Back to that anticipatory joy. When you plan and budget
for big experiences, the happiness starts well before the event.
You can look forward to something special knowing it fits
comfortably within your financial plan.
Speaker 6 (16:55):
And that joy builds community, strengthens relationships, and adds meaning,
all things Harvard says are key to long term happiness.
Speaker 4 (17:04):
Another thing we focus on is sustainable withdrawal strategies. That's
just a fancy term for making sure your investments provides steady,
predictable income without depleting your nest egg too quickly.
Speaker 6 (17:17):
Right, nobody wants to run out of money in their
seventies or eighties, so we run detailed scenarios including market downturns, inflation,
healthcare expenses, and other surprises to build a plan that's durable.
Speaker 4 (17:31):
This planning also helps you decide when to take Social
Security to maximize benefits, how to manage required minimum distributions
are rmds from retirement accounts, and whether annuities or other
guaranteed income products may make sense for you.
Speaker 6 (17:47):
It's a holistic process, and it all starts with honest
conversations and a simple step getting the workbook, filling it
out and scheduling that initial consultation.
Speaker 4 (17:57):
We want every listener to feel and to take that
first step, no matter where they are in their retirement journey.
Speaker 6 (18:04):
If you're wondering is this right for me? The answer
is yes. Whether you're just starting to save, naring retirement,
or already retired and concerned about longevity, this process can help.
Speaker 4 (18:16):
And remember there's no obligation. It's about education and peace
of mind.
Speaker 6 (18:21):
That's why we encourage you to contact us for a
complementary consultation and request your free Safe Money Strategies workbook.
Speaker 4 (18:29):
Contact our office today at eight eight eight eight hundred
eighteen eighty one or visit us online at Kellyfinancial dot org.
Speaker 6 (18:40):
Take that first step toward a retirement where you can
focus on experiences, the trips, the family moments, the simple
joys knowing your money is working for you.
Speaker 4 (18:49):
Thank you for turning into safe money Strategies. With that,
I'm Greg Workman.
Speaker 8 (18:54):
And I'm Mike.
Speaker 6 (18:55):
You said, We'll see you next time. Until then, enjoy
planning and more importantly, living your best retirement.
Speaker 7 (19:04):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio. For
the guide, call eight eight eight eight hundred eighteen eighty
(19:26):
one or email Kelly at Kellyfinancial dot org. We're Kelly Financial.
Speaker 1 (19:32):
Come retire with us discover safe money strategies with Kelly
Kelly and her team. Called Kelly Financial at eighty eight
eight hundred one eighty one or visit Kelly Financial dot org.
Speaker 5 (19:45):
I'm John Boudris, and welcome to a new edition of
Kelly Financial's What would Bill Say? The wit and wisdom
of the late Bill Kelly, who today tests time time.
Speaker 8 (19:56):
You don't have as much left today as you had yesterday.
So rule of science, when's the best time to plant
a tree twenty years ago? When's the second best time
to plant a tree? Tomorrow? Today? Whenever you can get
to it, that's the next best time.
Speaker 5 (20:11):
There's no time like the present to begin saving, planning
and enjoying retirement. So download our consumer guide simply called
a Happy Retirement and find six secrets of how you
can spend your time to cultivate happiness and a retirement
well lived. Go to Kellyfinancial dot org or call eight
(20:32):
eight eight eight hundred eighteen eighty one to spend some
time with one of our financial advisors.
Speaker 8 (20:37):
Time, ladies and gentlemen, it's not too late.
Speaker 5 (20:40):
We are Kelly Financial. Come retire with us.
Speaker 7 (20:45):
Before we say good night, we want to share a
few timeless words from Bill Kelly, my late husband and
the co founder of Kelly Financial Services, a voice still
cherished by so many. In this segment, Bill Lex on trust,
simpler times, in the power of lasting relationships. It's a personal,
(21:08):
powerful reminder that in a world this always changing, some
values are meant to stay the same.
Speaker 8 (21:17):
Welcome, ladies and gentlemen, It's great to be back with
you again this week. Who do you trust well? You
trust your partner, you trust your husband, you trust your wife,
you'd probably trust your children. Back in our day, the
banker was the same man year after year. The bank
was Hospital Trust. The man's name was mister Finnity, and
(21:40):
I knew him from when I was a small child
until I was in the Air Force a technology institute
out in Denver in my twenties. I still knew who
to call at Hospital Trust Bank. His name was mister
Finnity and he was the vice president then when I
first knew him when I was five years old. He
(22:01):
might have been a loan officer. I'm not sure, but
we knew who he was and he helped our family
and he was a great man in my opinion. But
back then bankers did banking insurance. The insurance man came
to the house, he did our insurance. And if we
walked down onto Bellevue Avenue, we could walk into a
(22:22):
reel live stockbroker's office and we could sit on the
bench with very wealthy men and women, and we could
watch a real ticker tape. How did that work. It
was a paper punch tape that went through a machine
that shined light from behind it and broadcast the ticker
tape on the wall on a screen. It was a
(22:43):
true ticker tape. Those three people, the insurance man, the
banker whom we don't know now. We don't even know
what the name of our bank's going to be in
the morning, never mind having the same banker and the
stockbroker now are basically the same person. Because everyone wanted
to get in on the act. In my town, there
(23:04):
used to be a store where you would bring a
television tuner. It was a dial that you turned on
the television to change the station. We used to call him,
and there was a man his job was to fix
those things, television tuners. We had one television from age
when I was three, I can remember television. At two.
(23:25):
We had the same television till I was almost ten,
Black Zenith. It was huge. Ladies and gentlemen. We had
this same television repairman. He would come in. He had
a truck and he would bring a machine in, test
the tubes, change the tubes, put the back on the TV,
(23:47):
and out he would go. We get our second TV
in nineteen sixty one, and I think the next television
we got was nineteen sixty five. It was a Sears
Collor TV Hellelujah. It sat in a giant console. It
looked beautiful and we could watch Bonanza in color. But
(24:07):
all through those years we had the same television repair man,
and it was fourteen dollars a year, and that TV
was fixed whenever it was broken, and the worst days
were when they had to take that thing back to
the shop. Heaven only knew when you were going to
get that TV back. So we had the same person
doing that. We had the same toaster my whole life,
(24:31):
the same toaster, ladies and gentlemen. We had the same
mixer from when I was a child to when I
left for the service. Things didn't change much. Same teapot
my entire life until I was fifty, when I went
to my folks house that the teapot would be there.
So things are much different now. We had probably had
(24:54):
three different vacuums my entire life. Now they come and go.
It's amazing what happens. It's a throwaway society. Trying to
get a hold of people. Contact is vital. It's difficult,
so you have to be careful. You have to be careful,
and you have to find out what's important to you.
(25:16):
What's important to you about having enough money, ladies and gentlemen,
what's important to you about not having to be a
dependent on the state. What's important to you about being
able to leave a lasting legacy for your children? My
son we read a book every day at night. It's
called Mike Mulligan and his Steam Shovel, and Mike Mulligan's
(25:40):
steam shovel was named Marie Anne. Believe it or not.
The book is from the thirties. It's a very short book.
But Mike Mulligan and Marianne would travel around the country
and they would dig highways and canals, basements of buildings
and things like that. But when people watched them. The
one thing about Mike Mulligan and Marianne, if people gathered
(26:02):
around to watch them work, they'd work a little faster
and a little better. And I think that's true about
anyone in any industry. If you're monitoring what's happening, then
things might happen a little better and a little faster
for you. If you can do that.
Speaker 1 (26:30):
Discover safe money strategies with Kelly Kelly and her team
called Kelly Financial at eighty eight eight hundred and one
to eighty one, or visit Kelly Financial dot org.
Speaker 5 (26:52):
All opinions expressed by the host guests for employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from source is deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided is
general in nature and is not intended to be specific investment, tax,
or legal advice. It is always advisable to consult a
professional before making a financial decision.
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