Episode Transcript
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Speaker 1 (00:12):
This coming to us.
Speaker 2 (00:20):
Good morning, dear Boston. I'm John Boudras and Kelly Financial's
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six point eighty on the AM dial
and online from just about anywhere. And speaking of carrying
on and carrying the weight, President Trump has now been
(00:42):
carrying on again for just a couple of days. And
I can't really decide which of his proclamations and policies
and executive orders most tickles my fancy. But I think
if I had to pick one, it would have to
be his us to the w EF, that's the World
(01:03):
Economic Forum in Davos, where every year all of the
globalists gather in a meeting to decide what they are
going to do with the world and what they are
going to do with us, all of the extraneous eaters
as they look at us, and I have to say,
President Trump, in so many words, told them they could
(01:26):
go pound sand. And he said it right to Klaus
Schwab's face in so many words. Again, it is you, Klaus,
who can eat zebugs. We in the United States we
eat ze meat, if you know what I mean. So
it's been a good week, and I think we can
look forward to many more. As long as the Democrats
(01:48):
and the deep state and the globalists just stay out
of our way, we'll be right back.
Speaker 3 (01:53):
So don't go away and save money strategies with John
Budris and Kelly Kelly called Kelly Financials on eight eight
eight hundred eighteen eighty one, or go to Kelly Financial
dot org.
Speaker 4 (02:11):
I'm Kelly Kelly from Kelly Financial. Retirement should be your
golden years, a time to enjoy life. But with twenty
twenty five already here, do you have a solid income
plan in place? Inflation, market changes, and unexpected expenses can
impact your savings. At Kelly Financial, our advisors can build
(02:32):
a retirement plan that protects your lifestyle.
Speaker 5 (02:35):
And your legacy.
Speaker 4 (02:37):
They'll help you maximize your Social Security benefits, manage your
investments wisely, and recommend strategies that will prevent you from
outliving your savings.
Speaker 5 (02:47):
We also have a.
Speaker 4 (02:48):
Free investor guide called Your Retirement Income Planning Checklist, which
could help you build a smart, step by step retirement
income strategy. For the guide, or for a free consultation
with Kelly Advisor, call eight eight eight eight hundred to
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with.
Speaker 3 (03:10):
Us safe money strategies called eight eight eight eight hundred
eighteen eighty one. We'll visit Kellyfinancial dot org. Come retire
with us.
Speaker 4 (03:26):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to our show on this fine Saturday morning.
I'm here with my handsome son, William Kelly Junior, as
we speak every Saturday morning.
Speaker 5 (03:40):
Good morning William.
Speaker 6 (03:41):
Good morning mom.
Speaker 7 (03:42):
How are you?
Speaker 5 (03:43):
I'm doing great? How about yourself?
Speaker 8 (03:45):
I've been very well. I've been working on a couple
of projects. And George is here digging on the carpet,
wiping her face everywhere and wagging her tails.
Speaker 7 (03:53):
She's wearing her winter sweater, and it's a red sweater.
She goes at the flow.
Speaker 8 (03:56):
Ladies and gentlemen. Honestly, we can learn a lot from Georgia.
We're very lucky to have her as a dog, and
we're also lucky to have our cat. But he's probably
asleep right now, does not want to be bothered or disturbed,
as you know.
Speaker 4 (04:09):
For the ladies, yes, we usually do not allow him
in our radio recording room in our radio recording room.
Speaker 8 (04:15):
Yes, because he is a curious cat and sometimes he
is a menace. So first off, I'm want to start
with a couple of minor things, and then I'm going
to end off with the major thing.
Speaker 7 (04:25):
So the minor things.
Speaker 8 (04:27):
Donald Trump went to the World Economic Forum and gave
a killer speech discussing his plans. A lot of it
was similar to what he said on inauguration Day, but
about every person in that room clapped and was very
happy to hear from him. On top of that, he
has signed a trillion executive orders already. He has really
used his powers to reverse what Biden had done and
(04:48):
to enact the things he promised to on his day one,
Day two, Day three, and day four.
Speaker 7 (04:53):
I'm happy that the proof is actually in the pudding.
Speaker 8 (04:55):
I'm happy that he took initiative immediately because for years
been lied to by politicians, and it's like now he's
got a lot to prove, and he has done a lot, but.
Speaker 7 (05:07):
He still is more he has to prove.
Speaker 8 (05:09):
Pierre Poliev is still doing very well and he's looking
to make deals with Trump instead of Trump just tariffing
Canada because he believes that if we lose Canada, we
could be losing a potentially great trading partner, and so
Pierre wants to make sure that that's not lost and
that they both do it on good terms. Because Trudeau
(05:29):
is a week leader, he gets pushed around. Pierre is
really not that kind of way, and if any of
you listen to him speak, he is a great speaker
and I.
Speaker 7 (05:37):
Think he will be an amazing thing for Canada.
Speaker 8 (05:40):
So really, in the political world, things are dying down
because the work has been done and now that they've
made it to their goal, it's time for them to
kind of start doing the work that they've promised. The
media outlets are trying to make it seem like Trump
is doing other things that he's actually saying, which I'm
not surprised because they did this last term. So I
don't care anymore because we all know they're gonna say
(06:02):
that it's funny. Now that we've been conditioned for what
to expect, it's like, Okay, it doesn't work anymore, nobody cares.
I think things are gonna be great for these next
four years. So the major thing a very good friend
of mine.
Speaker 7 (06:16):
He used to be my history teacher at my high school.
Speaker 8 (06:19):
He was a good friend, and he was an amazing
mentor even better mentor.
Speaker 7 (06:23):
He was a staunch conservative. He really loved God.
Speaker 8 (06:27):
He lived out his monastic duties every single day, and
he was an example to live by. And he gave
me some of the greatest advice. He said, William, do
your best, don't waste your gap year, and when you work,
do your best, because in the end it's paradise. I'll
never forget that. Father Pascal Scottie was a monk and
then a father. He became a priest and he was
(06:49):
a monk at the monastery at portstauth Abbey school. He
was true to his virtue. He disagreed how the schools
run in certain aspects. He disagreed with certain things in
the government, but he was still an American and he
still stood by ports of the abbey. He still stood
by the monastery. He still lived true to his discipline.
(07:12):
He ate one meal a day, slept very few hours
every night, was always reading. He always had a book
in his hand, and he was always talking to people
as much as possible. He truly loved every student, and
he understood how important it was to really take care
and to really go out of his way and to
(07:33):
be invested in these students' lives because he saw something
that these kids needed. He saw that they needed guidance,
especially virtuous and spiritual guidance.
Speaker 7 (07:42):
And he was always there and he was always supportive.
Speaker 8 (07:45):
And the crazy thing about him is you could have
a conversation with him about.
Speaker 7 (07:48):
Anything, and I mean anything.
Speaker 8 (07:51):
You could talk about a TV show he watched it.
You could talk about politics, you'd be there for two hours.
You could talk about anything religiously related. You could talk
about the school, you could talk about other schools, you
could talk about other countries. You could talk about philosophy,
you could talk about astronomy. Anything with this man, he
was a true renaissance man. He was a true scholar.
(08:14):
He was very intelligent because he would send me emails
of articles and political commentary and all sorts of things.
And he sent me this one article about the Christmas
movie It's a Wonderful Life, and.
Speaker 7 (08:27):
He told me about George Bailey.
Speaker 8 (08:28):
The actor who played George Bailey actually had PTSD. He
had a lot of struggles. The movie did not take off.
It actually did very poorly. But the actor for George
Bailey wasn't really acting a lot of it was real
enactment of his PTSD and him truly pouring his heart.
Speaker 7 (08:46):
Out into this movie.
Speaker 8 (08:48):
So, ladies and gentlemen, this segment, though we talked about
other things and a little bit about.
Speaker 7 (08:53):
Our life in the political world, this.
Speaker 8 (08:55):
Is really dedicated to Father Pascal. So Father Pascal, thank
you very much for everything you have done, you continue
to do through your spirit, and now you're our guardian angel,
and I really truly do appreciate everything you've done for me.
Amen William, Ladies and gentlemen, if you'd like to say
prayers for him, I know he'd really appreciate that. Prayer
(09:15):
is a power that he truly respected and loved, and
that's one I respect as well. And if you can't
do that, or you don't believe in that, then please
think of him, think of people like that in your life.
Speaker 5 (09:26):
We are said William.
Speaker 4 (09:27):
I want to wish everyone a wonderful rest of the weekend,
and do keep us on your dial. On today's show,
Mike Ducett and Greg Workman will walk through some of
the key questions you should consider asking when evaluating a
financial advisor. These questions aren't just about getting the right answers,
there about helping you start a conversation that reveals whether
(09:50):
this person is a good match for you. Mary, Madeline
Kelly and Greg Murray will have an interesting chat about
the psychology of money. I will be back with John Boudris.
We will focus on retirees financial to dos for twenty
twenty five and the importance of a retirement income checklist,
and as always, some wit and wisdom from Bill Kelly William.
(10:13):
Thank you for chatting with me this morning. I look
forward to next Saturday. I love you, Honey.
Speaker 7 (10:18):
I love you too, and as do are.
Speaker 6 (10:20):
I've been some night.
Speaker 5 (10:23):
Since you, since you.
Speaker 3 (10:33):
Safe money Strategies call eight eight eight eight hundred eighteen
eighty one.
Speaker 9 (10:39):
Let me tell you about Kelly Financial Services. You've worked
hard your whole life. You've saved, you've planned and maybe
even pinched a few pennies to make your golden years
just that golden. But in a falling interest rate environment,
unless you're refinancing or taking out a loan, your fixed
income investments like bonds and savings accounts could take a hit, Ashley.
(11:00):
If you're relying on interest income to fund your retirement,
Kelly Financial have just published a free investor guide called
Helping to Guard your Golden Years. Ways to help preserve
your retirement in a shifting economy. In it, you'll find
strategies you can use to build a solid financial plan
that can.
Speaker 10 (11:18):
Weather the storm of lower rates.
Speaker 9 (11:21):
For the guide or for a free retirement consultation with
a Kelly Advisor, call eight eight eight eight hundred eighteen
eighty one eight eight eight eight hundred eighteen eighty one
or email Kelly at Kelly Financial dot org.
Speaker 10 (11:34):
That's Kelly at Kelly Financial dot org.
Speaker 3 (11:38):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
go to Kelly Financial dot org.
Speaker 6 (11:50):
Come retire with us.
Speaker 11 (11:53):
Good morning to you, and welcome to the show. You
are listening to Safe Money Strategies and my name is
Mike Dussat, Chief Offering Officer at Kelly Financial. When it
comes to preparing for retirement, there are plenty of big
decisions to make. Ways to invest your money, ways to
create a reliable stream of income, ways to manage taxes,
and so much more. But one of the most important
(12:15):
decisions is choosing the right financial advisor. This isn't just
someone who manages your investments. It's someone who helps you
navigate the complexities of retirement planning, someone you trust to
guide you through challenges and opportunities over what could be
several decades. On today's show, we'll walk through some of
the key questions you should consider asking when evaluating a
(12:36):
financial advisor. These questions aren't just about getting the right answers,
they're about helping you start a conversation that reveals whether
this person is a good match for you.
Speaker 10 (12:46):
Good morning.
Speaker 12 (12:47):
My name is Greg Workman, and I'm one of the
trusted financial advisors on the team here at Kelly Financial.
If you are considering working with a financial advisor or
wondering whether you're current one is the right fit, we
offer a complementary consultation to help you learn if our
firm could be a good fit for you. We would
(13:08):
enjoy meeting with you and exploring the ways we might
be able to assist you in working towards your financial objectives.
Call us today at eight eight eight eight hundred eighteen
eighty one again that number is triple eight eight hundred
eighteen eighty one, or visit us online at Kellyfinancial dot org.
(13:30):
Let us help you build a financial plan and a
relationship that you can trust.
Speaker 11 (13:35):
Choosing the right financial advisor is more than just a checklist.
It's about finding someone who aligns with your goals and values,
someone you feel confident will help you navigate the financial
challenges ahead. And while today's show is full of great advice,
nothing beats a one on one conversation, so please give
us a call for a complementary introductory meeting.
Speaker 12 (13:55):
One of the first questions you might ask yourself is
do you even need to work work with a financial advisor?
After all, we all live in a time when information
is everywhere and managing your money might seem like something
you can handle on your own. But let's be honest,
retirement planning, tax strategy, and managing investment risk are not
(14:16):
simple tasks. The financial world is filled with complexities, and
it is recommended that you have someone with experience to
guide you through them.
Speaker 11 (14:25):
This is where the right financial advisor comes in. An
experienced advisor doesn't just crunch numbers or pick investments. They
can help bring a wealth of experience, knowledge, and strategy
to help you create a financial roadmap tailed to your
unique goals. Whether it's helping to maximize your retirement income,
navigating taxes, or helping make sure your money lasts as
long as you do. The right advisor could make all
(14:47):
the difference. They can help simplify complex financial decisions, provide
guidance during uncertain times, and ultimately give you the confidence
knowing your financial future has a plan forward.
Speaker 12 (14:58):
But here's the thing. Not all financial advisors are created equal.
Some are experienced in retirement planning, while others focus on
wealth accumulation. Some advisors work exclusively with high net worth individuals,
while others tailor their services to middle income retirees. The
key is finding an advisor whose skills and approach align
(15:19):
with your specific goals and needs. Let's be blunt, this
could be one of the most important financial decisions you
ever make. The advisor you choose will play a pivotal
role in helping determine the direction you take towards your goals.
Picking someone who doesn't align can potentially lead to missed opportunities.
Speaker 11 (15:40):
On the flip side, selecting an advisor who understands your
situation can help you protect and potentially grow your wealth,
help navigate the complexities of retirement planning, and enjoy the
confidence that comes with knowing your financial future is aligned
with your goals. That's why this conversation is so important.
It could change the trajectory of your financial future.
Speaker 12 (16:01):
Let's face it, your financial future could be affected by
decisions made by an advisor. Before jumping into this process,
take a moment to think about your goals. Are you
focused on building wealth or maybe you're planning for retirement
and need help creating a distribution strategy to help ensure
a steady income throughout your golden years. Whatever your objectives,
(16:24):
finding a financial advisor, what the right experience for your
situation is key. For instance, someone experienced in retirement planning
may be better suited to your needs than someone who
primarily works with younger clients in the accumulation phase.
Speaker 6 (16:39):
So how do you begin your search?
Speaker 11 (16:41):
I recommend starting by asking friends and family for recommendations.
Referrals from people you trust can be a great way
to build a list of potential advisors. You can also
research on your own using resources designed to help you
vet financial professionals. And here's a tip, think of this
process as a job interview. After all, you're essentially hiring
(17:01):
someone to help you manage one of the most important
parts of your life.
Speaker 6 (17:05):
Your finances.
Speaker 11 (17:06):
I would recommend starting by researching that background, experience, and credentials.
Then when it's time to meet with them, ask questions
to help ensure they're a good fit for you.
Speaker 12 (17:16):
When you start evaluating potential financial advisors, the very first
question you might ask is do you operate under the
fiduciary standard of care. This one word fiduciary can sometimes
make a world of difference in the kind of advice
you will receive. An advisor who operates under the fiduciary
(17:37):
standard is legally and ethically required to act in your
best interest at all times, not just some of the time.
That means their recommendations should prioritize what is best for you,
not what is best for their bottom line.
Speaker 11 (17:54):
Now compare that to a financial professional who doesn't operate
as a fiduciary. These advisors are held to a suitability standard,
meaning the products and strategies they recommend only need to
be suitable for your situation, not necessarily the best choice.
For example, a financial professional could recommend an investment that's
(18:15):
okay for your needs, but not necessarily what is in
your best interest. That's why it is critical to work
with an advisor who has your interest front and center
in every decision. Greg and I need to take a
quick break, but we'll continue our conversation later in the show,
so stay tuned.
Speaker 3 (18:34):
Kelly Financial Services eight eight hundred, eighteen eighty one.
Speaker 2 (18:41):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty one years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retire consultation, call eight eight eight eight hundred eighteen
(19:03):
eighty one or email Kelly at Kelly Financial dot org.
We're Kelly Financial. Come retire with us.
Speaker 4 (19:10):
Hi, I'm Kelly Kelly from Kelly Financial Services. What do
you look for when choosing a financial advisor? We like
to believe is based on shared values, trust and knowledge.
We've been serving clients in the Greater Boston area for.
Speaker 5 (19:23):
More than twenty years now.
Speaker 4 (19:24):
If you have investable assets and want to learn more
about our experience, call us eight eight eight eight hundred
eighteen eighty one or email Kelly at Kellyfinancial dot org
to set up a free retirement consultation.
Speaker 5 (19:37):
We're Kelly Financial. Come retire with us.
Speaker 11 (19:40):
Hi, I'm Mike, you said, chief operating officer at Kelly
Financial Services. If your financial advisor is unhappy about you
getting a second opinion about your retirement plan, then to me,
that's a red flag. Here at Kelly Financial not only
do we want to build your plan, but also manage
your wealth for a more secure retirement. If this might
be of interest to you, call us for complementary consultation
(20:01):
on eight eight eight eight hundred eighteen eighty one, or
go to Kelly Financial dot org.
Speaker 6 (20:06):
We're Kelly Financial. Come retire with us.
Speaker 3 (20:11):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.
Speaker 6 (20:18):
Good morning.
Speaker 1 (20:18):
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 investment advisors. How are you
doing today?
Speaker 13 (20:28):
Good morning, Greg, I am doing wonderful. Thank you for asking.
What a short but cold week it's been. My family
down in South Georgia had about two inches of snow
this week, which is pretty unheard of down there. They're
not used to that kind of weather like we are,
which means school is canceled for the rest of the week.
Speaker 1 (20:44):
It's wild right now. I would not expect Georgia to
have more snow than we do, but at least the
kids get the few days off to enjoy it. Too
bad that they'll have to say a few extra days
in the summertime.
Speaker 13 (20:53):
You have a good point there, that's a tough draw.
In other news, today, we are diving into something a
little bit different but so important, the psychology of money.
Why do we spend, why do we save or invest
the way we do?
Speaker 1 (21:06):
This is an interesting topic. Most people think financial success
is all about math and numbers, but in reality, a
lot of it boils down to psychology, our emotions, habits,
and even the way we are raised.
Speaker 13 (21:16):
Exactly, let's start with a big one. Emotions. I mean,
how often do we see fear and greed play a
role in financial decisions.
Speaker 6 (21:24):
All the time?
Speaker 1 (21:24):
Think about it. When the market takes a dip, some
people panic can sell their investments even when they know
logically is better to write it out. On the flip side,
greed can make people chase after the latest hot stock,
often without understanding the risks.
Speaker 13 (21:36):
And then there's retail therapy, spending money to feel better.
That's emotional spending in action, and it can lead to
some big regrets later.
Speaker 1 (21:44):
Absolutely, it's a quick fix, but it doesn't solve the
underlying issues. And here's another one, money avoidance. Some people
get so overwhelmed or intimidated by finances that they just
ignore it altogether.
Speaker 13 (21:55):
That's such a common one. But it's not just emotions.
Cognitive biases also play huge role in financial decisions. Greg
What's one you often see with clients.
Speaker 1 (22:04):
Loss of version is a big one. People hate losing
money more than they love gaining it. For example, if
someone loses fifty dollars, it feels way worse than the
joy of finding fifty dollars. This can lead to overly
conservative investments that don't keep up with inflation right.
Speaker 13 (22:17):
And then there's anchoring bias, fixating on one number like
the price you paid for a stock and refusing to
sell even when it's clear it's not going to recover, or.
Speaker 1 (22:26):
Heard mentality following what everyone else is doing without really
thinking about whether or not it's the right move for you.
It's like, oh, everyone's buying this stock, so I should too.
Speaker 13 (22:35):
Now let's talk about saving. Why do you think so
many people struggle with it.
Speaker 1 (22:39):
A lot of it comes down to immediate gratification. Our
brains are wired to prioritize short term rewards over long
term benefits. That's why it's so tempting to spend one
hundred dollars on a fancied dinner tonight instead of putting
it into savings.
Speaker 13 (22:51):
Exactly, and for some people it's a scarcity mindset. If
you grew up without much money, you might either hoard
every penny or spend impulsively because you never know if
you'll have more.
Speaker 1 (23:01):
That's such a good point. And optimism bias is another one.
People think nothing bad will happen to me, so they
don't save enough for emergencies.
Speaker 13 (23:08):
Now let's shift to upbringing. I think a lot of
our money habits are shaped by how we were raised.
Do you see that with clients all the time.
Speaker 1 (23:15):
If your parents are frugal, you might have strong savings habit,
or you might repel against it and spend freely. On
the flip side, if money was a taboo subject in
your household, you might avoid financial conversations altogether.
Speaker 13 (23:27):
That's so true. But here's the good news. Just because
you grew up with certain habits doesn't mean that you're
stuck with them. You can reframe your money mindset exactly.
Speaker 1 (23:35):
One way to start is by practicing mindful spending. Before
you make a purchase, ask yourself, does this align with
my values and goals?
Speaker 13 (23:41):
And Automating savings is another great strategy. It removes the
temptation to spend because the money goes straight into your
savings or retirement accounts before you even see it.
Speaker 1 (23:50):
Tracking progress is another big one. Celebrate those small wins,
like hitting a savings milestone or paying off a credit card.
It keeps you motivated.
Speaker 13 (23:58):
And don't underestimate the power of setting boundaries, learning to
say no to social pressure to overspend.
Speaker 2 (24:03):
That's huge.
Speaker 1 (24:04):
I also love helping clients uncover their financial scripts. What
stories do they tell themselves about money? Sometimes just being
aware of those scripts can lead to big breakthroughs.
Speaker 13 (24:12):
Now Before we wrap up, let's share a couple of
quick examples. I had a client recently who used to
avoid looking at their bank account because it gave them anxiety.
We worked on building a simple budget, and now they
check it every week. They actually enjoy it because they
feel in control.
Speaker 1 (24:27):
I love that I had a client who is hesitant
to invest because they grew up thinking the stock market
was too risky. We took the time to walk through
their goals and risk tolerance, and now they're confident with
their portfolio.
Speaker 6 (24:36):
That's fantastic.
Speaker 13 (24:37):
So the key takeaway for our listeners today is this,
Understanding your financial psychology is just as important as knowing
the numbers. Take the time to reflect on your habits
and emotions around money, but don't be afraid to seek
help if.
Speaker 1 (24:49):
You need it, absolutely and if you have any questions
or want to learn more, reach out to us. We're
here to help you take control of your finances and
your financial mindset.
Speaker 13 (24:57):
Well. With that said, I want to thank you for
your time with me today and I hope you have
a fabulous weekend you.
Speaker 6 (25:02):
Too, Mary Madelick.
Speaker 3 (25:03):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team, call
eight eight eight eight hundred eighteen eighty one.
Speaker 4 (25:15):
I'm Kelly Kelly from Kelly Financial. Creating a retirement income
checklist in twenty twenty five should be one of your
top priorities. Our free investor guide called Your Retirement Income
Planning Checklist can help you build a smart step by
step retirement income strategy. For the guide, or for a
free consultation with a Kelly advisor, call eight eight eight
(25:37):
eight hundred eighteen eighty one or email Kelly at Kelly
Financial dot org where Kelly Financial.
Speaker 5 (25:43):
Come retire with us.
Speaker 6 (25:45):
Mister Garbatshaw teared down this wall.
Speaker 2 (25:49):
We've all heard the phrase hit a wall, but when
it comes to your retirement, you can't afford to hit
a wall. You need to tear it down well before
you hit it. Call Kelly final at eight eight eight
eight hundred and eighteen eighty one for a free consultation,
or visit Kellyfinancial dot org. Start planning now to build
(26:09):
a clear path for tomorrow. We're Kelly Financial, and come
retire with us.
Speaker 3 (26:15):
Safe Money Strategies with John Budris and Kelly Kelly. Call
the team on eight eight hundred eighteen eighty one.
Speaker 2 (26:27):
And we are back. I am indeed John Budris, the
co host of Safe Money Strategies, and thanks again for
joining me this morning. Well, when it comes to financial resolutions,
paying down debt tends to be at the top of
many to do lists for twenty twenty five, and I
do hope President Trump makes it right. On the top
(26:48):
of the Countries to do list Now. Financial advisors, who
work closely with their clients every day have their own
wish lists for what they think should be the top
financial priorities for this new year. So to help us
navigate this critical topic for our listeners, especially those who
are in retirement, are close to it, let me welcome
(27:11):
back Kelly Kelly, the CEO of Kelly Financial. Kelly, good
morning and welcome.
Speaker 5 (27:17):
Good morning, John.
Speaker 4 (27:18):
Happy to be here with you on this fine Saturday morning.
Speaker 2 (27:22):
So Kelly, twenty twenty five is here and for many
retirees listening today, the new year can bring new opportunities,
new financial challenges, and in your opinion, what's the first
financial task that retirees should be focusing on.
Speaker 4 (27:38):
Well, John, the first step is reviewing their budgets. Inflation
has impacted everyone, and retirees are no exception. Look at
fixed expenses things like housing, utilities, and healthcare, and compare
them to income sources, whether that Social Security, pensions or
(27:58):
investment withdrawals. Some adjustments might be needed to ensure they're
living within their means.
Speaker 2 (28:04):
Well, we know that inflation has been a beast, that's
to say the least, so how should retirees protect their
purchasing power well.
Speaker 4 (28:12):
One strategy is to ensure that their portfolio is still
aligned with their financial goals and risk tolerance. It's also
wise to revisit cash reserves. Ideally, they should have about
six months to a year of expenses in liquid assets.
Speaker 2 (28:31):
We know that social security will always remain a hot topic,
especially with potential policy changes. Are there any updates that
retirees should be keeping in mind?
Speaker 5 (28:42):
Absolutely?
Speaker 4 (28:43):
The full retirement age for Social Security benefits will remain
sixty seven in twenty twenty five for those born after
nineteen sixty, But if they're thinking about claiming early, remember
that doing so permanently reduces the monthly benefit. Also is
wise to check for current cost of living adjustments. The
(29:06):
Social Security Administration announces these each year and they can
help offset inflation.
Speaker 2 (29:12):
And what about rmds the required minimum distributions? These rules
seem to change all the time.
Speaker 5 (29:20):
They do.
Speaker 4 (29:20):
For twenty twenty five, retirees age seventy three or older
must take their required minimum distributions or rmds from traditional
iras and four one ks. The penalty for missing an
RMD is steep fifty percent of the amount they're supposed
to withdraw, so planning ahead can save a lot of stress.
Speaker 2 (29:44):
It's very true, Kelly. So shifting to taxes, what should
retirees be doing now to prepare for the twenty twenty
five tax season.
Speaker 4 (29:53):
Start by organizing all the necessary documents, since this can
take time, gather up ten ninety nine forms for social Security,
pensions and investment income. If charitable donations were made or
they had medical expenses, those might be deductible. It's also
(30:13):
a good time to explore tax efficient withdrawals strategies. For example,
pulling funds from a wrong IRA does not increase their
taxable income, which could keep Medicare premiums lower.
Speaker 2 (30:27):
Well, now, let's move on to healthcare. Medicare is a
lifeline for retirees, but it's not free. What should they
consider for twenty twenty five.
Speaker 4 (30:37):
Medicare's open enrollment runs from October fifteenth to December seventh
each year, so they should mark their calendar now. Reviewing
their current plan, whether it's original Medicare, Medicare Advantage or
a Part D prescription plan, can ensure it still meets
their needs. Changes in premiums, coverage, and out of pocket
(31:01):
costs can catch people off guard.
Speaker 2 (31:04):
And for those who might be considering long term care options,
what insights might you have today?
Speaker 4 (31:10):
Long term care is a significant expense. If there isn't
already a plan in place, they should consider looking into
long term care insurance or hybrid life insurance policies with
long term care writers. It may also be wise to
start exploring medicaid planning, especially if there's a concern about
(31:33):
depleting their assets.
Speaker 2 (31:35):
All great stuff Kelly is always and what about estate planning?
That is preparing for the dreaded death taxes? What's on
the twenty twenty five to do list here?
Speaker 4 (31:45):
Our listeners know since we've talked about estate planning on
this show before, that estate planning is essential at any age,
but is especially critical and retirement review their will, trust
and powers of a turn to ensure their up to date.
Make sure beneficiary designations on accounts like iras and life
(32:07):
insurance policies align with their wishes.
Speaker 2 (32:11):
Wise words, and before we wrap up, any final tips
for retirees heading into twenty twenty.
Speaker 4 (32:17):
Five, retirees should stay informed and proactive. Our Kelly advisors
are available to help them review their plan, so schedule
a meeting with us, even small adjustments can make a
big difference over time. We also have a free investor
guide called Your Retirement Income Planning Checklist, which explores many
(32:38):
of the topics that we've discussed today. With proper planning,
you can't avoid those sleepless nights and enjoy your retirement. Remember,
it's about balancing financial security with living life to its fullest.
Speaker 2 (32:52):
Well said as always, Kelly, and thanks for joining us
today and sharing your expertise. To get the guide and
to make a compliment mentory appointment with the Kelly Financial
Advisor called eight eight eight eight hundred eighteen eighty one
or email Kelly at Kellyfinancial dot org. When we come back,
we'll talk further about your financial to do list and
(33:13):
more importantly, why a retirement income checklist should be at
the very top of every list. In twenty twenty five,
you're listening to Safe Money Strategies, the radio show heard
right here on WRKO and streaming on the iHeart app.
Stay tuned. We'll be back in a New York minute,
even though we're right here in Boston.
Speaker 3 (33:38):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.
Speaker 4 (33:48):
Hi, I'm Kelly Kelly. For twenty one years, Kelly Financial
Services has been serving people like you today. We are
still guided by the with and wisdom of my late
husband and COO founder Bill Kelly.
Speaker 10 (34:01):
When's the best time to plant a tree? Twenty years ago?
Speaker 14 (34:04):
When's the second best time to plant a tree?
Speaker 10 (34:06):
Today?
Speaker 6 (34:07):
Tomorrow?
Speaker 4 (34:08):
Growth in all aspects of life are the hallmarks of
a fulfilling retirement. We're Kelly Financial. Come grow with us
and come retire with us.
Speaker 2 (34:18):
Are you moved by the transition from one season to another,
like winter into spring or summer inter fall? Likewise, we
are moved by life's transitions, losing a job, facing retirement,
the passing of a spouse. Are you prepared for the
financial hazards each transition brings? The financial advisors at Kelly
Financial can help you triumph over life's transitions. Call eight
(34:39):
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. Serving Boston for twenty one years.
Speaker 3 (34:48):
Safe money strategies eight eight eight eight hundred one eight
eight one.
Speaker 10 (34:53):
Come retire with us.
Speaker 2 (34:58):
And we are back. I'm John boot us the co
host of Safe Money Strategies and as always, thanks for
joining me this morning. Today we're diving into a topic
that every smart saver and investor needs to prioritize. Now
that we've kicked off the new year and it's time
to talk about your financial to do list. And there's
several things on that list, but more importantly, why a
(35:20):
retirement income checklist is one of the most important steps
that you can take to secure your financial future in
twenty twenty five.
Speaker 10 (35:29):
To walk us.
Speaker 2 (35:30):
Through how to develop such a strategy, let's welcome back
Kelly Kelly, CEO of Kelly Financial. Kelly, good morning again
and welcome.
Speaker 5 (35:38):
Good morning John.
Speaker 4 (35:39):
Happy to be back here with you on this Saturday morning.
Speaker 2 (35:43):
So Kelly, let's start with the basics. Why is a
retirement income checklist such a critical part of our listener's
twenty twenty five financial plan?
Speaker 4 (35:53):
Well, John, a retirement income checklist is really their financial
game plan for their golden years. It ensures that they're
not only saving enough, but also distributing money wisely once
they retire. The biggest mistake people make is not having
a clear strategy on how their income will flow once
(36:13):
they stop working and in today's economy, with market volatility
and inflation still a concern, having a roadmap is more
important than ever.
Speaker 2 (36:24):
Absolutely. I mean, let's face it, the days of relying
solely on social security are gone and long gone. So
let's talk about timing. Why is the start of the
year such a good time to create or revisit that checklist?
Speaker 4 (36:39):
Well, the beginning of the year is perfect because there's
a clean slate. People can assess what worked and what
didn't in twenty twenty four and make adjustments. Plus, they
can align this checklist with other financial deadlines, such as
making catch up contributions for those over fifty. It's also
(37:01):
a great time to look at market conditions and decide
if any adjustments to their portfolio are necessary.
Speaker 2 (37:08):
With that in mind, what are some of the key
items that should be on this retirement income checklist?
Speaker 4 (37:15):
There are a few critical areas to focus on. First,
identify all the sources of income. This includes social Security, pensions, investments,
rental income, and even part time work if that's in
their plan. Next, they'll want to calculate monthly expenses by
all means. Think about the basics like housing and healthcare,
(37:37):
but don't forget about the fun stuff like travel and hobbies.
Speaker 2 (37:41):
When you mentioned housing and healthcare, what does that exactly
mean for retirees.
Speaker 4 (37:46):
The nature of the home equity market can be volatile,
so having a housing plan in a new year financial
outlook is smart, especially if their home isn't going to
provide the retirement in they thought it would. This could
include a plan to downsize, delaying a move to a
(38:06):
retirement community until they're home sales are staying in it
until they pass away, so the equity can be an
inheritance to their beneficiaries. As for healthcare, just because we're
living longer doesn't mean we won't encounter a chronic condition
or two. Today's retirees tend to spend more on prescription
(38:28):
drugs and medical procedures. Ensuring there's enough money to cover
healthcare costs should be a key component of an overall
retirement income strategy. Then, of course there's evaluating there withdrawal strategies,
considering the impact of inflation and not overlooking the impact
(38:48):
of taxes.
Speaker 2 (38:49):
Yes, it's important to know how much they can safely
take from their savings each year without running out of money.
Because this get right down to it, that's the goal
don't run out of money.
Speaker 4 (39:01):
The four percent rule is a common guideline, but it's
not one size fits all. We all have unique needs
when it comes to retirement, but talking it over with
a financial professional could really help. Inflation has an impact
as well, since it is experienced differently when one retires.
This is typically because retirees tend to spend more money
(39:24):
on things that experience a higher rate of inflation. Lastly,
don't forget about taxes. People often overlook the impact taxes
will have on their retirement income, especially when it comes
to distributions from traditional iras or for a one case.
Speaker 2 (39:42):
And speaking of taxes, isn't it true that some folks
might actually end up in a higher tax bracket in
retirement than they were during their working years.
Speaker 4 (39:51):
Absolutely, that's why tax planning is such a crucial part
of the checklist. Required minimum distributions or are r mds
can push retirees into a higher bracket if they're not careful.
Social Security benefits are income tax free for a majority
of beneficiaries, but a portion can be taxed if combined
(40:14):
income falls within established thresholds. Plus, if people are married
and files separate returns, they'll likely pay taxes on their benefits.
Discussing tax strategies with a tax professional or financial advisor
can help minimize some tax burdens down the road.
Speaker 2 (40:33):
So, besides the rest of the financial to do list,
what would be the first step for our listeners today
who want to create their own retirement income checklist?
Speaker 4 (40:44):
They should start by taking stock of what they have
by listing all accounts, assets and income sources. Then think
about goals. What kind of lifestyle do they want in
retirement from their work backward to figure out what it
might take to achieve that. It might sound a bit overwhelming,
(41:05):
but the advisors at Kelly Financial can help. Having a
financial professional in their corner can make all the difference.
Speaker 2 (41:14):
That's fantastic advice Kelly to our listeners, don't wait to
get your retirement income checklist in order. It's one of
the most important steps you can take in twenty twenty
five to secure that financial future that of course we
all want exactly.
Speaker 4 (41:31):
Don't procrastinate. The year will go by quickly. Planning ahead
is the best gift to give yourself. And remember, retirement
isn't just about having enough money, it's about having peace
of mind. A good checklist can help achieve both.
Speaker 2 (41:49):
Are there any other resources folks can tap into before
we wrap it up?
Speaker 4 (41:53):
We also have a free investor guide called Your Retirement
Income Planning Checklists that list ten different strategies our listeners
can consider for their twenty twenty five retirement income checklist.
They include information on social Security and how to factor
spousal benefits, the Rule of seventy two and how it
(42:16):
can help determine the breadth of their buying power, and
planning for long term care assistance.
Speaker 2 (42:23):
All very important to consider when putting that retirement income
strategy into that all important to do lists. So thanks Kelly.
To get the guide and to make a complimentary appointment
with the Kelly Financial Advisor called eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.
That's all the time we have for now, and thanks
(42:45):
so much for listening. You're listening, of course, to save
money Strategies the radio show heard right here on WRKO
and streaming on the iheartapp. Stay tuned and we will
be back at just the moment.
Speaker 6 (43:02):
Kelly Financial Services.
Speaker 3 (43:04):
Call eight eight eight eight hundred eighteen eighty one.
Speaker 2 (43:08):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty one years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation, call eight eight eight eight hundred eighteen
(43:30):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.
Speaker 4 (43:37):
I'm Kelly Kelly from Kelly Financial. Creating a retirement income
checklist in twenty twenty five should be one of your
top priorities. Our free investor guide called Your Retirement Income
Planning Checklist can help you build a smart step my
step retirement income strategy. For the guide, or for a
free consultation with a Kelly advisor, call eight eight eight
(43:59):
eight hundred eighteen eighty one or email Kelly at Kellifinancial
dot org. Where Kelly Financial, Come retire with us.
Speaker 3 (44:07):
Safe money strategies cool eight eight eight eight hundred eighteen
eighty one. Well go to Kelly Financial dot org.
Speaker 6 (44:17):
Welcome back.
Speaker 11 (44:18):
You are listening to Safe Money Strategies. I Mike ducet
In joining me in studio this morning is Greg Workman.
Greg We ended our first segment of the show discussing
the difference between the fiduciary standard of care versus the
suitability standard. What other interview questions should folks ask when
research and financial advisors.
Speaker 12 (44:36):
Once you've clarified whether they operate under the fiduciary standard
of care, the next step could be to understand their
investment approach. I'd recommend asking what types of investment products
might you use to build diversified portfolios for your clients?
Speaker 10 (44:55):
Second?
Speaker 12 (44:56):
Are there any products you intentionally avoid? Why is the
Does this matter?
Speaker 13 (45:01):
Well?
Speaker 12 (45:01):
It helps give you insight into their strategy and whether
it aligns with your comfort level and goals. For example,
if the advisor you're speaking with leans heavily on one
type of product, like annuities or mutual funds, you'll want
to understand why and whether those products are a right
fit for you.
Speaker 11 (45:22):
Most important to consider when invaluating a financial advisor is
their ability to address and respect your personal comfort level
with investment risk.
Speaker 6 (45:31):
You know your risk tolerance. Think about it.
Speaker 11 (45:34):
An investment broker who has spent decades navigating the ups
and downs of the stock market might have a completely
different perspective on what constitutes an acceptable level of risk
compared to someone like you who is counting on your
portfolio to sustain your retirement. What might seem like a
manageable dip in the market to a seasoned professional could
(45:54):
fail catastrophic to someone who's watching their life savings shrink
during a downturn.
Speaker 12 (45:59):
Here's the thing. When you're sitting in an advisor's office
listening to them describe the benefits of a proposed investment portfolio,
everything can sound great, but the true test will come
during the next inevitable market correction, when stocks drop by
twenty or thirty percent, maybe more. Will you still feel
(46:20):
confident in their investment plan or will you be left
questioning whether this was the right advisor to entrust with
your hard earned retirement savings.
Speaker 11 (46:30):
Remember we're talking about money that likely took you decades
to accumulate, money you're counting on to replace your income
once you stop working. If an advisor doesn't take the
time to have a detailed, in depth discussion about your
comfort level with market losses, that's a huge red flag.
Speaker 12 (46:45):
An experience advisor will typically start by asking questions to
gauge your risk tolerance and then we'll build a strategy
designed to fit your needs, blending risk your investments like
stocks with more stable financial instruments that can protect against
significant market downturns.
Speaker 11 (47:04):
And then there's the big question to ask any advisor,
how much emphasis do that you put on retirement income planning.
Retirement isn't just about growing your savings, It's about turning
the savings into a reliable income stream. An experienced advisor
should be able to explain how this structure your income portfolio,
including social Security, to help you cover your expenses while
(47:26):
helping manage risks like market downturns and longevity.
Speaker 12 (47:30):
Next, dig into their approach and services. Ask do you
offer comprehensive retirement planning, including tax efficient strategies and estate planning.
Some of the best advisors look beyond just investments to
create a comprehensive plan tailored to your needs. Also ask
(47:51):
about their investment philosophy, what is your approach to managing
investments and how do you tailor strategies to individual clients.
Speaker 11 (47:59):
You also want to know how often you'll interact and
through what channels. Ask how often will we meet and
how will we communicate phone, email and person Meetings find
out how often they'll review your plan. How often will
we meet to adjust my retirement plan? Life changes and
your retirement plan needs to adapt along with you.
Speaker 12 (48:19):
Compensation and cost are also important topics to address with
a prospective advisor. Ask directly, how are you compensated, what
are your fees? And are there any additional costs that
I should be aware of.
Speaker 11 (48:34):
Ultimately, finding the right advisor is about building rapport and trust.
Of course, trust doesn't happen overnight. It takes time to develop,
but trust your instincts. If something feels off after your
initial meeting, it might be worth continuing your search. After all,
the goal is to find someone who you not only trust,
but also feel confident will pursue your unique financial goals
(48:55):
with the same level of care and commitment as you
would yourself. This is someone you'll like be working with
for years to come, so don't settle. Keep looking until
you find the advisor who feels like the right fit
for your journey toward the financial future you envision.
Speaker 12 (49:09):
Selecting the right financial advisor can be one of the
most important decisions you can make for your financial future.
This is someone that you'll rely on to help guide
you through retirement planning, management of your investments, and ultimately
ensure that you are on track to meet your goals.
But it's also about finding someone you can trust and
(49:31):
can communicate with effectively, someone who will prioritize your needs
and goals.
Speaker 11 (49:37):
If you're unsure about way to start, or want a
second opinion on your current financial plan, we'd love to help.
Call us today to schedule a complimentary consultation with our team.
There's no obligation, just an opportunity to explore how the
right financial advisor could help you pursue your retirement dreams.
Speaker 12 (49:53):
Don't leave something as important as your financial future to chance.
Take the first step today, give us a call and
let's work together with that.
Speaker 10 (50:02):
My name is Greg Workman.
Speaker 6 (50:03):
And I'm like you said, join us next week.
Speaker 11 (50:05):
For more safe money strategies.
Speaker 3 (50:10):
Kelly Financial Services go to Kelly Financial dot org.
Speaker 9 (50:15):
Let me tell you about Kelly Financial Services. You've worked
hard your whole life. You've saved, you've planned, and maybe
even pinched a few pennies to make.
Speaker 10 (50:24):
Your golden years just that golden.
Speaker 9 (50:26):
But in a falling interest rate environment, unless you're refinancing
or taking out a loan, your fixed income investments like
bonds and savings accounts could take a hit, especially if
you're relying on interest income to fund your retirement. Kelly
Financial have just published a free investor guide called Helping
to Guard your Golden Years Ways to help preserve your
(50:47):
retirement in a shifting economy. In it, you'll find strategies
you can use to build a solid financial plan that
can weather the storm of lower rates. For the guide,
or for a free retirement ssultation with a Kelly advisor,
call eight eight eight eight hundred eighteen eighty one eight
eight eight eight hundred eighteen eighty one or email Kelly
(51:09):
at Kelly Financial dot org.
Speaker 10 (51:10):
That's Kelly at Kelly Financial dot org.
Speaker 6 (51:15):
I believe that this nation should commit itself.
Speaker 2 (51:17):
We're heating the goal of landing a man on the
moon and returning him safely to the Earth. When it
comes to your retirement future, what are your goals? Let
Kelly Financials trusted team help you achieve your goals. For
a free, no obligation consultation, called eight eight eight eight
hundred eighteen eighty one, or visit Kelly Financial dot org.
(51:40):
We're Kelly Financial. Come retire with.
Speaker 3 (51:42):
Us Kelly Financial Services Go to Kelly Financial dot org.
Come retire with us.
Speaker 14 (51:57):
The day I live is going to be really great.
I'll visit the folks, pet the dog, take all the
kids out for ice cream and a large station wagon,
and let their moms sleep in. I'll mow the lawn,
take a nap, and walk on the beach. The water
will be clear, but there'll be a playful surf. The
nap will be short but invigorating. The mode grass will
(52:18):
smell fresh and somewhat sweet. I'll return with some green,
some black, and some blue from each event on the
day I live. The day I live will be different
from all other days I spend waiting for the day
I live. Those days are not practice days. They're more
like prison. I'm waiting for the day I live, and
I know it's coming. The day I live will be
(52:39):
so glorious that I'll forget all this pain. I'll be famous.
On the day I live. Some people will stop me
on the street to shake my hand. Others will just
want to chat with me. I'll walk down Main Street,
eat some apple pie, and autograph copies of my book.
I won't strut, but I might saunter as I walk
down Maine Eventually, the sun will set on the day
(53:01):
I live, and I'll head for home. People there will
yell at me, telling me I'm not good enough and
calling me a phony. They'll make fun of me and
say I don't care enough. They'll call me a liar
and a cheat. People there have power over me. They'll
not believe there was a day when I lived, or
if they do, they'll joke about it. Yet I'll know
I was famous on that day because on the day
(53:23):
I lived, people love me and I made a difference.
The day I lived is now just a memory. The
people who loved me are fading from view. The people
who journeyed with me are getting.
Speaker 6 (53:35):
Old and gray.
Speaker 14 (53:37):
There's little hope to live one more day. I hope
I can remember the day I lived. I hope I
can remember to be thankful for that one day and
for all those handshakes and smiles and blessings. Maybe that's
all life grants us. A day to live, a day
of perfection, a wedding, a christening, a graduation, a funeral,
(54:02):
one perfect day per life to live. Will you know
it when it arrives?
Speaker 3 (54:10):
Safe money strategies eight eight eight eight hundred one eight
eight one Come retire with Us.
Speaker 2 (54:18):
Benjamin Franklin once said, an investment in knowledge pays the
best interest, and that's a good phrase to live by,
because knowledge is power. When it comes to your retirement,
you need a knowledgeable financial partner. Kelly Financial has been
that financial partner for more than twenty one years. Call
eight eight eight eight hundred eighteen eighty one or visit
(54:38):
Kellyfinancial dot org for a free, no obligation consultation.
Speaker 6 (54:42):
See what we know.
Speaker 2 (54:44):
We're Kelly Financial. Come retire with Us.
Speaker 4 (54:47):
I'm Kelly Kelly from Kelly Financial. Retirement should be your
golden years, a time to enjoy life. But with twenty
twenty five already here, do you have a solid income
plan in place? Inflation, market changes, and unexpected expenses can.
Speaker 5 (55:04):
Impact your savings.
Speaker 4 (55:06):
At Kelly Financial, our advisors can build a retirement plan
that protects your lifestyle and your legacy. They'll help you
maximize your social Security benefits, manage your investments wisely, and
recommend strategies that will prevent you from outliving your savings.
We also have a free investor guide called Your Retirement
(55:26):
Income Planning Checklist, which could help you build a smart,
step by step retirement income strategy. For the guide, or
for a free consultation with a Kelly advisor, call eight
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. We're Kelly Financial. Come retire with us.
Speaker 3 (55:47):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.
Speaker 2 (55:59):
The news breaker is coming up, and during the break,
take the time to give a call at eight eight
eight eight hundred eighteen eighty one and make that all
important first step to secure your retirement future. Talk things
through with a financial advisor about any aspect of retirement
or money management, whether it's your portfolio, concerns about healthcare,
or if you're tossing around the idea of relocating or
(56:20):
maybe helping out with your grandchildren's college. See if financial
advisor isn't only about the stock market. That's only a
portion of the job description. And in the end you'll
be amazed at how very small adjustments over time can
have enormous results when it's time to retire. In fact,
these adjustments can be the difference of when you can
retire or in some cases whether you can retire at all.
(56:42):
So call us at eight eight eight eight hundred eighteen
eighty one or visit us at Kelly Financial dot org
and raise a toast to your financial future. Eight eight
eight eight hundred, eighteen eighty one. Kelly Financial Services with
offices in Braintreet and Burlington. All Right, see you next week.
Speaker 15 (57:00):
Indians expressed by the host, his guests or employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from sources deemed to be reliable, but their accuracy.
Speaker 6 (57:09):
And completeness cannot be guaranteed.
Speaker 15 (57:10):
The information provided as 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. The host is a client of Kelly Financial
Services in exchange for hosting the Safe Money Strategies Show
and providing testimonials of his personal experience as a client
of Kelly Financial Services, Kelley has waif the host's advisory
v in full. Because of this arrangement, where the host
receives compensation in the form of a fee waiver, the
(57:30):
host has an incentive to recommend Kelly Financial Services, resulting
in a material conflict of interest.
This coming to us.
Speaker 2 (00:20):
Good morning, dear Boston. I'm John Boudras and Kelly Financial's
Safe Money Strategies indeed carries on every Saturday morning right
here on WRKO six point eighty on the AM dial
and online from just about anywhere. And speaking of carrying
on and carrying the weight, President Trump has now been
(00:42):
carrying on again for just a couple of days. And
I can't really decide which of his proclamations and policies
and executive orders most tickles my fancy. But I think
if I had to pick one, it would have to
be his us to the w EF, that's the World
(01:03):
Economic Forum in Davos, where every year all of the
globalists gather in a meeting to decide what they are
going to do with the world and what they are
going to do with us, all of the extraneous eaters
as they look at us, and I have to say,
President Trump, in so many words, told them they could
(01:26):
go pound sand. And he said it right to Klaus
Schwab's face in so many words. Again, it is you, Klaus,
who can eat zebugs. We in the United States we
eat ze meat, if you know what I mean. So
it's been a good week, and I think we can
look forward to many more. As long as the Democrats
(01:48):
and the deep state and the globalists just stay out
of our way, we'll be right back.
Speaker 3 (01:53):
So don't go away and save money strategies with John
Budris and Kelly Kelly called Kelly Financials on eight eight
eight hundred eighteen eighty one, or go to Kelly Financial
dot org.
Speaker 4 (02:11):
I'm Kelly Kelly from Kelly Financial. Retirement should be your
golden years, a time to enjoy life. But with twenty
twenty five already here, do you have a solid income
plan in place? Inflation, market changes, and unexpected expenses can
impact your savings. At Kelly Financial, our advisors can build
(02:32):
a retirement plan that protects your lifestyle.
Speaker 5 (02:35):
And your legacy.
Speaker 4 (02:37):
They'll help you maximize your Social Security benefits, manage your
investments wisely, and recommend strategies that will prevent you from
outliving your savings.
Speaker 5 (02:47):
We also have a.
Speaker 4 (02:48):
Free investor guide called Your Retirement Income Planning Checklist, which
could help you build a smart, step by step retirement
income strategy. For the guide, or for a free consultation
with Kelly Advisor, call eight eight eight eight hundred to
eighteen eighty one or email Kelly at Kellyfinancial dot org.
We're Kelly Financial. Come retire with.
Speaker 3 (03:10):
Us safe money strategies called eight eight eight eight hundred
eighteen eighty one. We'll visit Kellyfinancial dot org. Come retire
with us.
Speaker 4 (03:26):
Good morning, dear friends and dear listeners. I'm Kelly Kelly,
and welcome to our show on this fine Saturday morning.
I'm here with my handsome son, William Kelly Junior, as
we speak every Saturday morning.
Speaker 5 (03:40):
Good morning William.
Speaker 6 (03:41):
Good morning mom.
Speaker 7 (03:42):
How are you?
Speaker 5 (03:43):
I'm doing great? How about yourself?
Speaker 8 (03:45):
I've been very well. I've been working on a couple
of projects. And George is here digging on the carpet,
wiping her face everywhere and wagging her tails.
Speaker 7 (03:53):
She's wearing her winter sweater, and it's a red sweater.
She goes at the flow.
Speaker 8 (03:56):
Ladies and gentlemen. Honestly, we can learn a lot from Georgia.
We're very lucky to have her as a dog, and
we're also lucky to have our cat. But he's probably
asleep right now, does not want to be bothered or disturbed,
as you know.
Speaker 4 (04:09):
For the ladies, yes, we usually do not allow him
in our radio recording room in our radio recording room.
Speaker 8 (04:15):
Yes, because he is a curious cat and sometimes he
is a menace. So first off, I'm want to start
with a couple of minor things, and then I'm going
to end off with the major thing.
Speaker 7 (04:25):
So the minor things.
Speaker 8 (04:27):
Donald Trump went to the World Economic Forum and gave
a killer speech discussing his plans. A lot of it
was similar to what he said on inauguration Day, but
about every person in that room clapped and was very
happy to hear from him. On top of that, he
has signed a trillion executive orders already. He has really
used his powers to reverse what Biden had done and
(04:48):
to enact the things he promised to on his day one,
Day two, Day three, and day four.
Speaker 7 (04:53):
I'm happy that the proof is actually in the pudding.
Speaker 8 (04:55):
I'm happy that he took initiative immediately because for years
been lied to by politicians, and it's like now he's
got a lot to prove, and he has done a lot, but.
Speaker 7 (05:07):
He still is more he has to prove.
Speaker 8 (05:09):
Pierre Poliev is still doing very well and he's looking
to make deals with Trump instead of Trump just tariffing
Canada because he believes that if we lose Canada, we
could be losing a potentially great trading partner, and so
Pierre wants to make sure that that's not lost and
that they both do it on good terms. Because Trudeau
(05:29):
is a week leader, he gets pushed around. Pierre is
really not that kind of way, and if any of
you listen to him speak, he is a great speaker
and I.
Speaker 7 (05:37):
Think he will be an amazing thing for Canada.
Speaker 8 (05:40):
So really, in the political world, things are dying down
because the work has been done and now that they've
made it to their goal, it's time for them to
kind of start doing the work that they've promised. The
media outlets are trying to make it seem like Trump
is doing other things that he's actually saying, which I'm
not surprised because they did this last term. So I
don't care anymore because we all know they're gonna say
(06:02):
that it's funny. Now that we've been conditioned for what
to expect, it's like, Okay, it doesn't work anymore, nobody cares.
I think things are gonna be great for these next
four years. So the major thing a very good friend
of mine.
Speaker 7 (06:16):
He used to be my history teacher at my high school.
Speaker 8 (06:19):
He was a good friend, and he was an amazing
mentor even better mentor.
Speaker 7 (06:23):
He was a staunch conservative. He really loved God.
Speaker 8 (06:27):
He lived out his monastic duties every single day, and
he was an example to live by. And he gave
me some of the greatest advice. He said, William, do
your best, don't waste your gap year, and when you work,
do your best, because in the end it's paradise. I'll
never forget that. Father Pascal Scottie was a monk and
then a father. He became a priest and he was
(06:49):
a monk at the monastery at portstauth Abbey school. He
was true to his virtue. He disagreed how the schools
run in certain aspects. He disagreed with certain things in
the government, but he was still an American and he
still stood by ports of the abbey. He still stood
by the monastery. He still lived true to his discipline.
(07:12):
He ate one meal a day, slept very few hours
every night, was always reading. He always had a book
in his hand, and he was always talking to people
as much as possible. He truly loved every student, and
he understood how important it was to really take care
and to really go out of his way and to
(07:33):
be invested in these students' lives because he saw something
that these kids needed. He saw that they needed guidance,
especially virtuous and spiritual guidance.
Speaker 7 (07:42):
And he was always there and he was always supportive.
Speaker 8 (07:45):
And the crazy thing about him is you could have
a conversation with him about.
Speaker 7 (07:48):
Anything, and I mean anything.
Speaker 8 (07:51):
You could talk about a TV show he watched it.
You could talk about politics, you'd be there for two hours.
You could talk about anything religiously related. You could talk
about the school, you could talk about other schools, you
could talk about other countries. You could talk about philosophy,
you could talk about astronomy. Anything with this man, he
was a true renaissance man. He was a true scholar.
(08:14):
He was very intelligent because he would send me emails
of articles and political commentary and all sorts of things.
And he sent me this one article about the Christmas
movie It's a Wonderful Life, and.
Speaker 7 (08:27):
He told me about George Bailey.
Speaker 8 (08:28):
The actor who played George Bailey actually had PTSD. He
had a lot of struggles. The movie did not take off.
It actually did very poorly. But the actor for George
Bailey wasn't really acting a lot of it was real
enactment of his PTSD and him truly pouring his heart.
Speaker 7 (08:46):
Out into this movie.
Speaker 8 (08:48):
So, ladies and gentlemen, this segment, though we talked about
other things and a little bit about.
Speaker 7 (08:53):
Our life in the political world, this.
Speaker 8 (08:55):
Is really dedicated to Father Pascal. So Father Pascal, thank
you very much for everything you have done, you continue
to do through your spirit, and now you're our guardian angel,
and I really truly do appreciate everything you've done for me.
Amen William, Ladies and gentlemen, if you'd like to say
prayers for him, I know he'd really appreciate that. Prayer
(09:15):
is a power that he truly respected and loved, and
that's one I respect as well. And if you can't
do that, or you don't believe in that, then please
think of him, think of people like that in your life.
Speaker 5 (09:26):
We are said William.
Speaker 4 (09:27):
I want to wish everyone a wonderful rest of the weekend,
and do keep us on your dial. On today's show,
Mike Ducett and Greg Workman will walk through some of
the key questions you should consider asking when evaluating a
financial advisor. These questions aren't just about getting the right answers,
there about helping you start a conversation that reveals whether
(09:50):
this person is a good match for you. Mary, Madeline
Kelly and Greg Murray will have an interesting chat about
the psychology of money. I will be back with John Boudris.
We will focus on retirees financial to dos for twenty
twenty five and the importance of a retirement income checklist,
and as always, some wit and wisdom from Bill Kelly William.
(10:13):
Thank you for chatting with me this morning. I look
forward to next Saturday. I love you, Honey.
Speaker 7 (10:18):
I love you too, and as do are.
Speaker 6 (10:20):
I've been some night.
Speaker 5 (10:23):
Since you, since you.
Speaker 3 (10:33):
Safe money Strategies call eight eight eight eight hundred eighteen
eighty one.
Speaker 9 (10:39):
Let me tell you about Kelly Financial Services. You've worked
hard your whole life. You've saved, you've planned and maybe
even pinched a few pennies to make your golden years
just that golden. But in a falling interest rate environment,
unless you're refinancing or taking out a loan, your fixed
income investments like bonds and savings accounts could take a hit, Ashley.
(11:00):
If you're relying on interest income to fund your retirement,
Kelly Financial have just published a free investor guide called
Helping to Guard your Golden Years. Ways to help preserve
your retirement in a shifting economy. In it, you'll find
strategies you can use to build a solid financial plan
that can.
Speaker 10 (11:18):
Weather the storm of lower rates.
Speaker 9 (11:21):
For the guide or for a free retirement consultation with
a Kelly Advisor, call eight eight eight eight hundred eighteen
eighty one eight eight eight eight hundred eighteen eighty one
or email Kelly at Kelly Financial dot org.
Speaker 10 (11:34):
That's Kelly at Kelly Financial dot org.
Speaker 3 (11:38):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
go to Kelly Financial dot org.
Speaker 6 (11:50):
Come retire with us.
Speaker 11 (11:53):
Good morning to you, and welcome to the show. You
are listening to Safe Money Strategies and my name is
Mike Dussat, Chief Offering Officer at Kelly Financial. When it
comes to preparing for retirement, there are plenty of big
decisions to make. Ways to invest your money, ways to
create a reliable stream of income, ways to manage taxes,
and so much more. But one of the most important
(12:15):
decisions is choosing the right financial advisor. This isn't just
someone who manages your investments. It's someone who helps you
navigate the complexities of retirement planning, someone you trust to
guide you through challenges and opportunities over what could be
several decades. On today's show, we'll walk through some of
the key questions you should consider asking when evaluating a
(12:36):
financial advisor. These questions aren't just about getting the right answers,
they're about helping you start a conversation that reveals whether
this person is a good match for you.
Speaker 10 (12:46):
Good morning.
Speaker 12 (12:47):
My name is Greg Workman, and I'm one of the
trusted financial advisors on the team here at Kelly Financial.
If you are considering working with a financial advisor or
wondering whether you're current one is the right fit, we
offer a complementary consultation to help you learn if our
firm could be a good fit for you. We would
(13:08):
enjoy meeting with you and exploring the ways we might
be able to assist you in working towards your financial objectives.
Call us today at eight eight eight eight hundred eighteen
eighty one again that number is triple eight eight hundred
eighteen eighty one, or visit us online at Kellyfinancial dot org.
(13:30):
Let us help you build a financial plan and a
relationship that you can trust.
Speaker 11 (13:35):
Choosing the right financial advisor is more than just a checklist.
It's about finding someone who aligns with your goals and values,
someone you feel confident will help you navigate the financial
challenges ahead. And while today's show is full of great advice,
nothing beats a one on one conversation, so please give
us a call for a complementary introductory meeting.
Speaker 12 (13:55):
One of the first questions you might ask yourself is
do you even need to work work with a financial advisor?
After all, we all live in a time when information
is everywhere and managing your money might seem like something
you can handle on your own. But let's be honest,
retirement planning, tax strategy, and managing investment risk are not
(14:16):
simple tasks. The financial world is filled with complexities, and
it is recommended that you have someone with experience to
guide you through them.
Speaker 11 (14:25):
This is where the right financial advisor comes in. An
experienced advisor doesn't just crunch numbers or pick investments. They
can help bring a wealth of experience, knowledge, and strategy
to help you create a financial roadmap tailed to your
unique goals. Whether it's helping to maximize your retirement income,
navigating taxes, or helping make sure your money lasts as
long as you do. The right advisor could make all
(14:47):
the difference. They can help simplify complex financial decisions, provide
guidance during uncertain times, and ultimately give you the confidence
knowing your financial future has a plan forward.
Speaker 12 (14:58):
But here's the thing. Not all financial advisors are created equal.
Some are experienced in retirement planning, while others focus on
wealth accumulation. Some advisors work exclusively with high net worth individuals,
while others tailor their services to middle income retirees. The
key is finding an advisor whose skills and approach align
(15:19):
with your specific goals and needs. Let's be blunt, this
could be one of the most important financial decisions you
ever make. The advisor you choose will play a pivotal
role in helping determine the direction you take towards your goals.
Picking someone who doesn't align can potentially lead to missed opportunities.
Speaker 11 (15:40):
On the flip side, selecting an advisor who understands your
situation can help you protect and potentially grow your wealth,
help navigate the complexities of retirement planning, and enjoy the
confidence that comes with knowing your financial future is aligned
with your goals. That's why this conversation is so important.
It could change the trajectory of your financial future.
Speaker 12 (16:01):
Let's face it, your financial future could be affected by
decisions made by an advisor. Before jumping into this process,
take a moment to think about your goals. Are you
focused on building wealth or maybe you're planning for retirement
and need help creating a distribution strategy to help ensure
a steady income throughout your golden years. Whatever your objectives,
(16:24):
finding a financial advisor, what the right experience for your
situation is key. For instance, someone experienced in retirement planning
may be better suited to your needs than someone who
primarily works with younger clients in the accumulation phase.
Speaker 6 (16:39):
So how do you begin your search?
Speaker 11 (16:41):
I recommend starting by asking friends and family for recommendations.
Referrals from people you trust can be a great way
to build a list of potential advisors. You can also
research on your own using resources designed to help you
vet financial professionals. And here's a tip, think of this
process as a job interview. After all, you're essentially hiring
(17:01):
someone to help you manage one of the most important
parts of your life.
Speaker 6 (17:05):
Your finances.
Speaker 11 (17:06):
I would recommend starting by researching that background, experience, and credentials.
Then when it's time to meet with them, ask questions
to help ensure they're a good fit for you.
Speaker 12 (17:16):
When you start evaluating potential financial advisors, the very first
question you might ask is do you operate under the
fiduciary standard of care. This one word fiduciary can sometimes
make a world of difference in the kind of advice
you will receive. An advisor who operates under the fiduciary
(17:37):
standard is legally and ethically required to act in your
best interest at all times, not just some of the time.
That means their recommendations should prioritize what is best for you,
not what is best for their bottom line.
Speaker 11 (17:54):
Now compare that to a financial professional who doesn't operate
as a fiduciary. These advisors are held to a suitability standard,
meaning the products and strategies they recommend only need to
be suitable for your situation, not necessarily the best choice.
For example, a financial professional could recommend an investment that's
(18:15):
okay for your needs, but not necessarily what is in
your best interest. That's why it is critical to work
with an advisor who has your interest front and center
in every decision. Greg and I need to take a
quick break, but we'll continue our conversation later in the show,
so stay tuned.
Speaker 3 (18:34):
Kelly Financial Services eight eight hundred, eighteen eighty one.
Speaker 2 (18:41):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty one years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retire consultation, call eight eight eight eight hundred eighteen
(19:03):
eighty one or email Kelly at Kelly Financial dot org.
We're Kelly Financial. Come retire with us.
Speaker 4 (19:10):
Hi, I'm Kelly Kelly from Kelly Financial Services. What do
you look for when choosing a financial advisor? We like
to believe is based on shared values, trust and knowledge.
We've been serving clients in the Greater Boston area for.
Speaker 5 (19:23):
More than twenty years now.
Speaker 4 (19:24):
If you have investable assets and want to learn more
about our experience, call us eight eight eight eight hundred
eighteen eighty one or email Kelly at Kellyfinancial dot org
to set up a free retirement consultation.
Speaker 5 (19:37):
We're Kelly Financial. Come retire with us.
Speaker 11 (19:40):
Hi, I'm Mike, you said, chief operating officer at Kelly
Financial Services. If your financial advisor is unhappy about you
getting a second opinion about your retirement plan, then to me,
that's a red flag. Here at Kelly Financial not only
do we want to build your plan, but also manage
your wealth for a more secure retirement. If this might
be of interest to you, call us for complementary consultation
(20:01):
on eight eight eight eight hundred eighteen eighty one, or
go to Kelly Financial dot org.
Speaker 6 (20:06):
We're Kelly Financial. Come retire with us.
Speaker 3 (20:11):
The Money Wrap with Kelly Financial Advisors Greg Murray and
Mary Madeline Kelly.
Speaker 6 (20:18):
Good morning.
Speaker 1 (20:18):
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 investment advisors. How are you
doing today?
Speaker 13 (20:28):
Good morning, Greg, I am doing wonderful. Thank you for asking.
What a short but cold week it's been. My family
down in South Georgia had about two inches of snow
this week, which is pretty unheard of down there. They're
not used to that kind of weather like we are,
which means school is canceled for the rest of the week.
Speaker 1 (20:44):
It's wild right now. I would not expect Georgia to
have more snow than we do, but at least the
kids get the few days off to enjoy it. Too
bad that they'll have to say a few extra days
in the summertime.
Speaker 13 (20:53):
You have a good point there, that's a tough draw.
In other news, today, we are diving into something a
little bit different but so important, the psychology of money.
Why do we spend, why do we save or invest
the way we do?
Speaker 1 (21:06):
This is an interesting topic. Most people think financial success
is all about math and numbers, but in reality, a
lot of it boils down to psychology, our emotions, habits,
and even the way we are raised.
Speaker 13 (21:16):
Exactly, let's start with a big one. Emotions. I mean,
how often do we see fear and greed play a
role in financial decisions.
Speaker 6 (21:24):
All the time?
Speaker 1 (21:24):
Think about it. When the market takes a dip, some
people panic can sell their investments even when they know
logically is better to write it out. On the flip side,
greed can make people chase after the latest hot stock,
often without understanding the risks.
Speaker 13 (21:36):
And then there's retail therapy, spending money to feel better.
That's emotional spending in action, and it can lead to
some big regrets later.
Speaker 1 (21:44):
Absolutely, it's a quick fix, but it doesn't solve the
underlying issues. And here's another one, money avoidance. Some people
get so overwhelmed or intimidated by finances that they just
ignore it altogether.
Speaker 13 (21:55):
That's such a common one. But it's not just emotions.
Cognitive biases also play huge role in financial decisions. Greg
What's one you often see with clients.
Speaker 1 (22:04):
Loss of version is a big one. People hate losing
money more than they love gaining it. For example, if
someone loses fifty dollars, it feels way worse than the
joy of finding fifty dollars. This can lead to overly
conservative investments that don't keep up with inflation right.
Speaker 13 (22:17):
And then there's anchoring bias, fixating on one number like
the price you paid for a stock and refusing to
sell even when it's clear it's not going to recover, or.
Speaker 1 (22:26):
Heard mentality following what everyone else is doing without really
thinking about whether or not it's the right move for you.
It's like, oh, everyone's buying this stock, so I should too.
Speaker 13 (22:35):
Now let's talk about saving. Why do you think so
many people struggle with it.
Speaker 1 (22:39):
A lot of it comes down to immediate gratification. Our
brains are wired to prioritize short term rewards over long
term benefits. That's why it's so tempting to spend one
hundred dollars on a fancied dinner tonight instead of putting
it into savings.
Speaker 13 (22:51):
Exactly, and for some people it's a scarcity mindset. If
you grew up without much money, you might either hoard
every penny or spend impulsively because you never know if
you'll have more.
Speaker 1 (23:01):
That's such a good point. And optimism bias is another one.
People think nothing bad will happen to me, so they
don't save enough for emergencies.
Speaker 13 (23:08):
Now let's shift to upbringing. I think a lot of
our money habits are shaped by how we were raised.
Do you see that with clients all the time.
Speaker 1 (23:15):
If your parents are frugal, you might have strong savings habit,
or you might repel against it and spend freely. On
the flip side, if money was a taboo subject in
your household, you might avoid financial conversations altogether.
Speaker 13 (23:27):
That's so true. But here's the good news. Just because
you grew up with certain habits doesn't mean that you're
stuck with them. You can reframe your money mindset exactly.
Speaker 1 (23:35):
One way to start is by practicing mindful spending. Before
you make a purchase, ask yourself, does this align with
my values and goals?
Speaker 13 (23:41):
And Automating savings is another great strategy. It removes the
temptation to spend because the money goes straight into your
savings or retirement accounts before you even see it.
Speaker 1 (23:50):
Tracking progress is another big one. Celebrate those small wins,
like hitting a savings milestone or paying off a credit card.
It keeps you motivated.
Speaker 13 (23:58):
And don't underestimate the power of setting boundaries, learning to
say no to social pressure to overspend.
Speaker 2 (24:03):
That's huge.
Speaker 1 (24:04):
I also love helping clients uncover their financial scripts. What
stories do they tell themselves about money? Sometimes just being
aware of those scripts can lead to big breakthroughs.
Speaker 13 (24:12):
Now Before we wrap up, let's share a couple of
quick examples. I had a client recently who used to
avoid looking at their bank account because it gave them anxiety.
We worked on building a simple budget, and now they
check it every week. They actually enjoy it because they
feel in control.
Speaker 1 (24:27):
I love that I had a client who is hesitant
to invest because they grew up thinking the stock market
was too risky. We took the time to walk through
their goals and risk tolerance, and now they're confident with
their portfolio.
Speaker 6 (24:36):
That's fantastic.
Speaker 13 (24:37):
So the key takeaway for our listeners today is this,
Understanding your financial psychology is just as important as knowing
the numbers. Take the time to reflect on your habits
and emotions around money, but don't be afraid to seek
help if.
Speaker 1 (24:49):
You need it, absolutely and if you have any questions
or want to learn more, reach out to us. We're
here to help you take control of your finances and
your financial mindset.
Speaker 13 (24:57):
Well. With that said, I want to thank you for
your time with me today and I hope you have
a fabulous weekend you.
Speaker 6 (25:02):
Too, Mary Madelick.
Speaker 3 (25:03):
To get in touch with Greg Murray or Mary Madeline
Kelly or any member of the Kelly Financial team, call
eight eight eight eight hundred eighteen eighty one.
Speaker 4 (25:15):
I'm Kelly Kelly from Kelly Financial. Creating a retirement income
checklist in twenty twenty five should be one of your
top priorities. Our free investor guide called Your Retirement Income
Planning Checklist can help you build a smart step by
step retirement income strategy. For the guide, or for a
free consultation with a Kelly advisor, call eight eight eight
(25:37):
eight hundred eighteen eighty one or email Kelly at Kelly
Financial dot org where Kelly Financial.
Speaker 5 (25:43):
Come retire with us.
Speaker 6 (25:45):
Mister Garbatshaw teared down this wall.
Speaker 2 (25:49):
We've all heard the phrase hit a wall, but when
it comes to your retirement, you can't afford to hit
a wall. You need to tear it down well before
you hit it. Call Kelly final at eight eight eight
eight hundred and eighteen eighty one for a free consultation,
or visit Kellyfinancial dot org. Start planning now to build
(26:09):
a clear path for tomorrow. We're Kelly Financial, and come
retire with us.
Speaker 3 (26:15):
Safe Money Strategies with John Budris and Kelly Kelly. Call
the team on eight eight hundred eighteen eighty one.
Speaker 2 (26:27):
And we are back. I am indeed John Budris, the
co host of Safe Money Strategies, and thanks again for
joining me this morning. Well, when it comes to financial resolutions,
paying down debt tends to be at the top of
many to do lists for twenty twenty five, and I
do hope President Trump makes it right. On the top
(26:48):
of the Countries to do list Now. Financial advisors, who
work closely with their clients every day have their own
wish lists for what they think should be the top
financial priorities for this new year. So to help us
navigate this critical topic for our listeners, especially those who
are in retirement, are close to it, let me welcome
(27:11):
back Kelly Kelly, the CEO of Kelly Financial. Kelly, good
morning and welcome.
Speaker 5 (27:17):
Good morning, John.
Speaker 4 (27:18):
Happy to be here with you on this fine Saturday morning.
Speaker 2 (27:22):
So Kelly, twenty twenty five is here and for many
retirees listening today, the new year can bring new opportunities,
new financial challenges, and in your opinion, what's the first
financial task that retirees should be focusing on.
Speaker 4 (27:38):
Well, John, the first step is reviewing their budgets. Inflation
has impacted everyone, and retirees are no exception. Look at
fixed expenses things like housing, utilities, and healthcare, and compare
them to income sources, whether that Social Security, pensions or
(27:58):
investment withdrawals. Some adjustments might be needed to ensure they're
living within their means.
Speaker 2 (28:04):
Well, we know that inflation has been a beast, that's
to say the least, so how should retirees protect their
purchasing power well.
Speaker 4 (28:12):
One strategy is to ensure that their portfolio is still
aligned with their financial goals and risk tolerance. It's also
wise to revisit cash reserves. Ideally, they should have about
six months to a year of expenses in liquid assets.
Speaker 2 (28:31):
We know that social security will always remain a hot topic,
especially with potential policy changes. Are there any updates that
retirees should be keeping in mind?
Speaker 5 (28:42):
Absolutely?
Speaker 4 (28:43):
The full retirement age for Social Security benefits will remain
sixty seven in twenty twenty five for those born after
nineteen sixty, But if they're thinking about claiming early, remember
that doing so permanently reduces the monthly benefit. Also is
wise to check for current cost of living adjustments. The
(29:06):
Social Security Administration announces these each year and they can
help offset inflation.
Speaker 2 (29:12):
And what about rmds the required minimum distributions? These rules
seem to change all the time.
Speaker 5 (29:20):
They do.
Speaker 4 (29:20):
For twenty twenty five, retirees age seventy three or older
must take their required minimum distributions or rmds from traditional
iras and four one ks. The penalty for missing an
RMD is steep fifty percent of the amount they're supposed
to withdraw, so planning ahead can save a lot of stress.
Speaker 2 (29:44):
It's very true, Kelly. So shifting to taxes, what should
retirees be doing now to prepare for the twenty twenty
five tax season.
Speaker 4 (29:53):
Start by organizing all the necessary documents, since this can
take time, gather up ten ninety nine forms for social Security,
pensions and investment income. If charitable donations were made or
they had medical expenses, those might be deductible. It's also
(30:13):
a good time to explore tax efficient withdrawals strategies. For example,
pulling funds from a wrong IRA does not increase their
taxable income, which could keep Medicare premiums lower.
Speaker 2 (30:27):
Well, now, let's move on to healthcare. Medicare is a
lifeline for retirees, but it's not free. What should they
consider for twenty twenty five.
Speaker 4 (30:37):
Medicare's open enrollment runs from October fifteenth to December seventh
each year, so they should mark their calendar now. Reviewing
their current plan, whether it's original Medicare, Medicare Advantage or
a Part D prescription plan, can ensure it still meets
their needs. Changes in premiums, coverage, and out of pocket
(31:01):
costs can catch people off guard.
Speaker 2 (31:04):
And for those who might be considering long term care options,
what insights might you have today?
Speaker 4 (31:10):
Long term care is a significant expense. If there isn't
already a plan in place, they should consider looking into
long term care insurance or hybrid life insurance policies with
long term care writers. It may also be wise to
start exploring medicaid planning, especially if there's a concern about
(31:33):
depleting their assets.
Speaker 2 (31:35):
All great stuff Kelly is always and what about estate planning?
That is preparing for the dreaded death taxes? What's on
the twenty twenty five to do list here?
Speaker 4 (31:45):
Our listeners know since we've talked about estate planning on
this show before, that estate planning is essential at any age,
but is especially critical and retirement review their will, trust
and powers of a turn to ensure their up to date.
Make sure beneficiary designations on accounts like iras and life
(32:07):
insurance policies align with their wishes.
Speaker 2 (32:11):
Wise words, and before we wrap up, any final tips
for retirees heading into twenty twenty.
Speaker 4 (32:17):
Five, retirees should stay informed and proactive. Our Kelly advisors
are available to help them review their plan, so schedule
a meeting with us, even small adjustments can make a
big difference over time. We also have a free investor
guide called Your Retirement Income Planning Checklist, which explores many
(32:38):
of the topics that we've discussed today. With proper planning,
you can't avoid those sleepless nights and enjoy your retirement. Remember,
it's about balancing financial security with living life to its fullest.
Speaker 2 (32:52):
Well said as always, Kelly, and thanks for joining us
today and sharing your expertise. To get the guide and
to make a compliment mentory appointment with the Kelly Financial
Advisor called eight eight eight eight hundred eighteen eighty one
or email Kelly at Kellyfinancial dot org. When we come back,
we'll talk further about your financial to do list and
(33:13):
more importantly, why a retirement income checklist should be at
the very top of every list. In twenty twenty five,
you're listening to Safe Money Strategies, the radio show heard
right here on WRKO and streaming on the iHeart app.
Stay tuned. We'll be back in a New York minute,
even though we're right here in Boston.
Speaker 3 (33:38):
Safe Money Strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.
Speaker 4 (33:48):
Hi, I'm Kelly Kelly. For twenty one years, Kelly Financial
Services has been serving people like you today. We are
still guided by the with and wisdom of my late
husband and COO founder Bill Kelly.
Speaker 10 (34:01):
When's the best time to plant a tree? Twenty years ago?
Speaker 14 (34:04):
When's the second best time to plant a tree?
Speaker 10 (34:06):
Today?
Speaker 6 (34:07):
Tomorrow?
Speaker 4 (34:08):
Growth in all aspects of life are the hallmarks of
a fulfilling retirement. We're Kelly Financial. Come grow with us
and come retire with us.
Speaker 2 (34:18):
Are you moved by the transition from one season to another,
like winter into spring or summer inter fall? Likewise, we
are moved by life's transitions, losing a job, facing retirement,
the passing of a spouse. Are you prepared for the
financial hazards each transition brings? The financial advisors at Kelly
Financial can help you triumph over life's transitions. Call eight
(34:39):
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. Serving Boston for twenty one years.
Speaker 3 (34:48):
Safe money strategies eight eight eight eight hundred one eight
eight one.
Speaker 10 (34:53):
Come retire with us.
Speaker 2 (34:58):
And we are back. I'm John boot us the co
host of Safe Money Strategies and as always, thanks for
joining me this morning. Today we're diving into a topic
that every smart saver and investor needs to prioritize. Now
that we've kicked off the new year and it's time
to talk about your financial to do list. And there's
several things on that list, but more importantly, why a
(35:20):
retirement income checklist is one of the most important steps
that you can take to secure your financial future in
twenty twenty five.
Speaker 10 (35:29):
To walk us.
Speaker 2 (35:30):
Through how to develop such a strategy, let's welcome back
Kelly Kelly, CEO of Kelly Financial. Kelly, good morning again
and welcome.
Speaker 5 (35:38):
Good morning John.
Speaker 4 (35:39):
Happy to be back here with you on this Saturday morning.
Speaker 2 (35:43):
So Kelly, let's start with the basics. Why is a
retirement income checklist such a critical part of our listener's
twenty twenty five financial plan?
Speaker 4 (35:53):
Well, John, a retirement income checklist is really their financial
game plan for their golden years. It ensures that they're
not only saving enough, but also distributing money wisely once
they retire. The biggest mistake people make is not having
a clear strategy on how their income will flow once
(36:13):
they stop working and in today's economy, with market volatility
and inflation still a concern, having a roadmap is more
important than ever.
Speaker 2 (36:24):
Absolutely. I mean, let's face it, the days of relying
solely on social security are gone and long gone. So
let's talk about timing. Why is the start of the
year such a good time to create or revisit that checklist?
Speaker 4 (36:39):
Well, the beginning of the year is perfect because there's
a clean slate. People can assess what worked and what
didn't in twenty twenty four and make adjustments. Plus, they
can align this checklist with other financial deadlines, such as
making catch up contributions for those over fifty. It's also
(37:01):
a great time to look at market conditions and decide
if any adjustments to their portfolio are necessary.
Speaker 2 (37:08):
With that in mind, what are some of the key
items that should be on this retirement income checklist?
Speaker 4 (37:15):
There are a few critical areas to focus on. First,
identify all the sources of income. This includes social Security, pensions, investments,
rental income, and even part time work if that's in
their plan. Next, they'll want to calculate monthly expenses by
all means. Think about the basics like housing and healthcare,
(37:37):
but don't forget about the fun stuff like travel and hobbies.
Speaker 2 (37:41):
When you mentioned housing and healthcare, what does that exactly
mean for retirees.
Speaker 4 (37:46):
The nature of the home equity market can be volatile,
so having a housing plan in a new year financial
outlook is smart, especially if their home isn't going to
provide the retirement in they thought it would. This could
include a plan to downsize, delaying a move to a
(38:06):
retirement community until they're home sales are staying in it
until they pass away, so the equity can be an
inheritance to their beneficiaries. As for healthcare, just because we're
living longer doesn't mean we won't encounter a chronic condition
or two. Today's retirees tend to spend more on prescription
(38:28):
drugs and medical procedures. Ensuring there's enough money to cover
healthcare costs should be a key component of an overall
retirement income strategy. Then, of course there's evaluating there withdrawal strategies,
considering the impact of inflation and not overlooking the impact
(38:48):
of taxes.
Speaker 2 (38:49):
Yes, it's important to know how much they can safely
take from their savings each year without running out of money.
Because this get right down to it, that's the goal
don't run out of money.
Speaker 4 (39:01):
The four percent rule is a common guideline, but it's
not one size fits all. We all have unique needs
when it comes to retirement, but talking it over with
a financial professional could really help. Inflation has an impact
as well, since it is experienced differently when one retires.
This is typically because retirees tend to spend more money
(39:24):
on things that experience a higher rate of inflation. Lastly,
don't forget about taxes. People often overlook the impact taxes
will have on their retirement income, especially when it comes
to distributions from traditional iras or for a one case.
Speaker 2 (39:42):
And speaking of taxes, isn't it true that some folks
might actually end up in a higher tax bracket in
retirement than they were during their working years.
Speaker 4 (39:51):
Absolutely, that's why tax planning is such a crucial part
of the checklist. Required minimum distributions or are r mds
can push retirees into a higher bracket if they're not careful.
Social Security benefits are income tax free for a majority
of beneficiaries, but a portion can be taxed if combined
(40:14):
income falls within established thresholds. Plus, if people are married
and files separate returns, they'll likely pay taxes on their benefits.
Discussing tax strategies with a tax professional or financial advisor
can help minimize some tax burdens down the road.
Speaker 2 (40:33):
So, besides the rest of the financial to do list,
what would be the first step for our listeners today
who want to create their own retirement income checklist?
Speaker 4 (40:44):
They should start by taking stock of what they have
by listing all accounts, assets and income sources. Then think
about goals. What kind of lifestyle do they want in
retirement from their work backward to figure out what it
might take to achieve that. It might sound a bit overwhelming,
(41:05):
but the advisors at Kelly Financial can help. Having a
financial professional in their corner can make all the difference.
Speaker 2 (41:14):
That's fantastic advice Kelly to our listeners, don't wait to
get your retirement income checklist in order. It's one of
the most important steps you can take in twenty twenty
five to secure that financial future that of course we
all want exactly.
Speaker 4 (41:31):
Don't procrastinate. The year will go by quickly. Planning ahead
is the best gift to give yourself. And remember, retirement
isn't just about having enough money, it's about having peace
of mind. A good checklist can help achieve both.
Speaker 2 (41:49):
Are there any other resources folks can tap into before
we wrap it up?
Speaker 4 (41:53):
We also have a free investor guide called Your Retirement
Income Planning Checklists that list ten different strategies our listeners
can consider for their twenty twenty five retirement income checklist.
They include information on social Security and how to factor
spousal benefits, the Rule of seventy two and how it
(42:16):
can help determine the breadth of their buying power, and
planning for long term care assistance.
Speaker 2 (42:23):
All very important to consider when putting that retirement income
strategy into that all important to do lists. So thanks Kelly.
To get the guide and to make a complimentary appointment
with the Kelly Financial Advisor called eight eight eight eight
hundred eighteen eighty one or email Kelly at Kellyfinancial dot org.
That's all the time we have for now, and thanks
(42:45):
so much for listening. You're listening, of course, to save
money Strategies the radio show heard right here on WRKO
and streaming on the iheartapp. Stay tuned and we will
be back at just the moment.
Speaker 6 (43:02):
Kelly Financial Services.
Speaker 3 (43:04):
Call eight eight eight eight hundred eighteen eighty one.
Speaker 2 (43:08):
Ready to enjoy your golden years without worry. At Kelly Financial,
we know retirement planning can be overwhelming. With more than
twenty one years of experience, our friendly team of advisors
makes it easy and stress free. Trust us to help
you create a secure and enjoyable future. For a free
initial retirement consultation, call eight eight eight eight hundred eighteen
(43:30):
eighty one or email Kelly at Kellyfinancial dot org. We're
Kelly Financial. Come retire with us.
Speaker 4 (43:37):
I'm Kelly Kelly from Kelly Financial. Creating a retirement income
checklist in twenty twenty five should be one of your
top priorities. Our free investor guide called Your Retirement Income
Planning Checklist can help you build a smart step my
step retirement income strategy. For the guide, or for a
free consultation with a Kelly advisor, call eight eight eight
(43:59):
eight hundred eighteen eighty one or email Kelly at Kellifinancial
dot org. Where Kelly Financial, Come retire with us.
Speaker 3 (44:07):
Safe money strategies cool eight eight eight eight hundred eighteen
eighty one. Well go to Kelly Financial dot org.
Speaker 6 (44:17):
Welcome back.
Speaker 11 (44:18):
You are listening to Safe Money Strategies. I Mike ducet
In joining me in studio this morning is Greg Workman.
Greg We ended our first segment of the show discussing
the difference between the fiduciary standard of care versus the
suitability standard. What other interview questions should folks ask when
research and financial advisors.
Speaker 12 (44:36):
Once you've clarified whether they operate under the fiduciary standard
of care, the next step could be to understand their
investment approach. I'd recommend asking what types of investment products
might you use to build diversified portfolios for your clients?
Speaker 10 (44:55):
Second?
Speaker 12 (44:56):
Are there any products you intentionally avoid? Why is the
Does this matter?
Speaker 13 (45:01):
Well?
Speaker 12 (45:01):
It helps give you insight into their strategy and whether
it aligns with your comfort level and goals. For example,
if the advisor you're speaking with leans heavily on one
type of product, like annuities or mutual funds, you'll want
to understand why and whether those products are a right
fit for you.
Speaker 11 (45:22):
Most important to consider when invaluating a financial advisor is
their ability to address and respect your personal comfort level
with investment risk.
Speaker 6 (45:31):
You know your risk tolerance. Think about it.
Speaker 11 (45:34):
An investment broker who has spent decades navigating the ups
and downs of the stock market might have a completely
different perspective on what constitutes an acceptable level of risk
compared to someone like you who is counting on your
portfolio to sustain your retirement. What might seem like a
manageable dip in the market to a seasoned professional could
(45:54):
fail catastrophic to someone who's watching their life savings shrink
during a downturn.
Speaker 12 (45:59):
Here's the thing. When you're sitting in an advisor's office
listening to them describe the benefits of a proposed investment portfolio,
everything can sound great, but the true test will come
during the next inevitable market correction, when stocks drop by
twenty or thirty percent, maybe more. Will you still feel
(46:20):
confident in their investment plan or will you be left
questioning whether this was the right advisor to entrust with
your hard earned retirement savings.
Speaker 11 (46:30):
Remember we're talking about money that likely took you decades
to accumulate, money you're counting on to replace your income
once you stop working. If an advisor doesn't take the
time to have a detailed, in depth discussion about your
comfort level with market losses, that's a huge red flag.
Speaker 12 (46:45):
An experience advisor will typically start by asking questions to
gauge your risk tolerance and then we'll build a strategy
designed to fit your needs, blending risk your investments like
stocks with more stable financial instruments that can protect against
significant market downturns.
Speaker 11 (47:04):
And then there's the big question to ask any advisor,
how much emphasis do that you put on retirement income planning.
Retirement isn't just about growing your savings, It's about turning
the savings into a reliable income stream. An experienced advisor
should be able to explain how this structure your income portfolio,
including social Security, to help you cover your expenses while
(47:26):
helping manage risks like market downturns and longevity.
Speaker 12 (47:30):
Next, dig into their approach and services. Ask do you
offer comprehensive retirement planning, including tax efficient strategies and estate planning.
Some of the best advisors look beyond just investments to
create a comprehensive plan tailored to your needs. Also ask
(47:51):
about their investment philosophy, what is your approach to managing
investments and how do you tailor strategies to individual clients.
Speaker 11 (47:59):
You also want to know how often you'll interact and
through what channels. Ask how often will we meet and
how will we communicate phone, email and person Meetings find
out how often they'll review your plan. How often will
we meet to adjust my retirement plan? Life changes and
your retirement plan needs to adapt along with you.
Speaker 12 (48:19):
Compensation and cost are also important topics to address with
a prospective advisor. Ask directly, how are you compensated, what
are your fees? And are there any additional costs that
I should be aware of.
Speaker 11 (48:34):
Ultimately, finding the right advisor is about building rapport and trust.
Of course, trust doesn't happen overnight. It takes time to develop,
but trust your instincts. If something feels off after your
initial meeting, it might be worth continuing your search. After all,
the goal is to find someone who you not only trust,
but also feel confident will pursue your unique financial goals
(48:55):
with the same level of care and commitment as you
would yourself. This is someone you'll like be working with
for years to come, so don't settle. Keep looking until
you find the advisor who feels like the right fit
for your journey toward the financial future you envision.
Speaker 12 (49:09):
Selecting the right financial advisor can be one of the
most important decisions you can make for your financial future.
This is someone that you'll rely on to help guide
you through retirement planning, management of your investments, and ultimately
ensure that you are on track to meet your goals.
But it's also about finding someone you can trust and
(49:31):
can communicate with effectively, someone who will prioritize your needs
and goals.
Speaker 11 (49:37):
If you're unsure about way to start, or want a
second opinion on your current financial plan, we'd love to help.
Call us today to schedule a complimentary consultation with our team.
There's no obligation, just an opportunity to explore how the
right financial advisor could help you pursue your retirement dreams.
Speaker 12 (49:53):
Don't leave something as important as your financial future to chance.
Take the first step today, give us a call and
let's work together with that.
Speaker 10 (50:02):
My name is Greg Workman.
Speaker 6 (50:03):
And I'm like you said, join us next week.
Speaker 11 (50:05):
For more safe money strategies.
Speaker 3 (50:10):
Kelly Financial Services go to Kelly Financial dot org.
Speaker 9 (50:15):
Let me tell you about Kelly Financial Services. You've worked
hard your whole life. You've saved, you've planned, and maybe
even pinched a few pennies to make.
Speaker 10 (50:24):
Your golden years just that golden.
Speaker 9 (50:26):
But in a falling interest rate environment, unless you're refinancing
or taking out a loan, your fixed income investments like
bonds and savings accounts could take a hit, especially if
you're relying on interest income to fund your retirement. Kelly
Financial have just published a free investor guide called Helping
to Guard your Golden Years Ways to help preserve your
(50:47):
retirement in a shifting economy. In it, you'll find strategies
you can use to build a solid financial plan that
can weather the storm of lower rates. For the guide,
or for a free retirement ssultation with a Kelly advisor,
call eight eight eight eight hundred eighteen eighty one eight
eight eight eight hundred eighteen eighty one or email Kelly
(51:09):
at Kelly Financial dot org.
Speaker 10 (51:10):
That's Kelly at Kelly Financial dot org.
Speaker 6 (51:15):
I believe that this nation should commit itself.
Speaker 2 (51:17):
We're heating the goal of landing a man on the
moon and returning him safely to the Earth. When it
comes to your retirement future, what are your goals? Let
Kelly Financials trusted team help you achieve your goals. For
a free, no obligation consultation, called eight eight eight eight
hundred eighteen eighty one, or visit Kelly Financial dot org.
(51:40):
We're Kelly Financial. Come retire with.
Speaker 3 (51:42):
Us Kelly Financial Services Go to Kelly Financial dot org.
Come retire with us.
Speaker 14 (51:57):
The day I live is going to be really great.
I'll visit the folks, pet the dog, take all the
kids out for ice cream and a large station wagon,
and let their moms sleep in. I'll mow the lawn,
take a nap, and walk on the beach. The water
will be clear, but there'll be a playful surf. The
nap will be short but invigorating. The mode grass will
(52:18):
smell fresh and somewhat sweet. I'll return with some green,
some black, and some blue from each event on the
day I live. The day I live will be different
from all other days I spend waiting for the day
I live. Those days are not practice days. They're more
like prison. I'm waiting for the day I live, and
I know it's coming. The day I live will be
(52:39):
so glorious that I'll forget all this pain. I'll be famous.
On the day I live. Some people will stop me
on the street to shake my hand. Others will just
want to chat with me. I'll walk down Main Street,
eat some apple pie, and autograph copies of my book.
I won't strut, but I might saunter as I walk
down Maine Eventually, the sun will set on the day
(53:01):
I live, and I'll head for home. People there will
yell at me, telling me I'm not good enough and
calling me a phony. They'll make fun of me and
say I don't care enough. They'll call me a liar
and a cheat. People there have power over me. They'll
not believe there was a day when I lived, or
if they do, they'll joke about it. Yet I'll know
I was famous on that day because on the day
(53:23):
I lived, people love me and I made a difference.
The day I lived is now just a memory. The
people who loved me are fading from view. The people
who journeyed with me are getting.
Speaker 6 (53:35):
Old and gray.
Speaker 14 (53:37):
There's little hope to live one more day. I hope
I can remember the day I lived. I hope I
can remember to be thankful for that one day and
for all those handshakes and smiles and blessings. Maybe that's
all life grants us. A day to live, a day
of perfection, a wedding, a christening, a graduation, a funeral,
(54:02):
one perfect day per life to live. Will you know
it when it arrives?
Speaker 3 (54:10):
Safe money strategies eight eight eight eight hundred one eight
eight one Come retire with Us.
Speaker 2 (54:18):
Benjamin Franklin once said, an investment in knowledge pays the
best interest, and that's a good phrase to live by,
because knowledge is power. When it comes to your retirement,
you need a knowledgeable financial partner. Kelly Financial has been
that financial partner for more than twenty one years. Call
eight eight eight eight hundred eighteen eighty one or visit
(54:38):
Kellyfinancial dot org for a free, no obligation consultation.
Speaker 6 (54:42):
See what we know.
Speaker 2 (54:44):
We're Kelly Financial. Come retire with Us.
Speaker 4 (54:47):
I'm Kelly Kelly from Kelly Financial. Retirement should be your
golden years, a time to enjoy life. But with twenty
twenty five already here, do you have a solid income
plan in place? Inflation, market changes, and unexpected expenses can.
Speaker 5 (55:04):
Impact your savings.
Speaker 4 (55:06):
At Kelly Financial, our advisors can build a retirement plan
that protects your lifestyle and your legacy. They'll help you
maximize your social Security benefits, manage your investments wisely, and
recommend strategies that will prevent you from outliving your savings.
We also have a free investor guide called Your Retirement
(55:26):
Income Planning Checklist, which could help you build a smart,
step by step retirement income strategy. For the guide, or
for a free consultation with a Kelly advisor, call eight
eight eight eight hundred eighteen eighty one or email Kelly
at Kellyfinancial dot org. We're Kelly Financial. Come retire with us.
Speaker 3 (55:47):
Safe money strategies brought to you by Kelly Financial Services.
Call eight eight eight eight hundred eighteen eighty one or
visit Kellyfinancial dot org.
Speaker 2 (55:59):
The news breaker is coming up, and during the break,
take the time to give a call at eight eight
eight eight hundred eighteen eighty one and make that all
important first step to secure your retirement future. Talk things
through with a financial advisor about any aspect of retirement
or money management, whether it's your portfolio, concerns about healthcare,
or if you're tossing around the idea of relocating or
(56:20):
maybe helping out with your grandchildren's college. See if financial
advisor isn't only about the stock market. That's only a
portion of the job description. And in the end you'll
be amazed at how very small adjustments over time can
have enormous results when it's time to retire. In fact,
these adjustments can be the difference of when you can
retire or in some cases whether you can retire at all.
(56:42):
So call us at eight eight eight eight hundred eighteen
eighty one or visit us at Kelly Financial dot org
and raise a toast to your financial future. Eight eight
eight eight hundred, eighteen eighty one. Kelly Financial Services with
offices in Braintreet and Burlington. All Right, see you next week.
Speaker 15 (57:00):
Indians expressed by the host, his guests or employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from sources deemed to be reliable, but their accuracy.
Speaker 6 (57:09):
And completeness cannot be guaranteed.
Speaker 15 (57:10):
The information provided as 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. The host is a client of Kelly Financial
Services in exchange for hosting the Safe Money Strategies Show
and providing testimonials of his personal experience as a client
of Kelly Financial Services, Kelley has waif the host's advisory
v in full. Because of this arrangement, where the host
receives compensation in the form of a fee waiver, the
(57:30):
host has an incentive to recommend Kelly Financial Services, resulting
in a material conflict of interest.
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