Oodles of Financial Advice: Recent Episodes
Jeremy Udell
What's going on, what to know, and what else is happening in the financial world and beyond with Jeremy Udell, CFP®. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>1950 Ringling Blvd Ste 403, Sarasota, FL/ Phone:941.951.0443/ Email:Jeremy@wealthenjoyment.com/ www.wealthenjoyment.com________________________________________________>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Udell Associates is not affiliated with Kestra IS or Kestra AS. Neither Kestra IS nor its affiliates provide legal or tax advice. This content is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Adviser Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact our Compliance department at 844-553-7872./Investor Disclosures: https://bit.ly/KF-Disclosures <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< https://www.finra.org /https://www.sipc.org/
Jeremy had a lot of client and prospect meetings this year. Those meetings left him with the impression that most people fall in to one of two camps: they either love annuities and have too much, or hate annuities and will never have any. Why is that? Jeremy ruminates on the reasons for and problems with both of these scenarios. What does Jeremy love? The Disney+ show Loki! Find out why.
The magical, ephemeral deadline approaches. It may seem arbitrary, but if you aren't aware of the ways the year switch from 2023 to 2024 can affect you, it's important to do the research, and take stock before the calendar clicks over. And if you'd like to hear why Jeremy is looking forward to Chanukah again, make sure to listen to the end!
Jeremy's got baby on the brain. It's made him think about the future. Have you had conversations with your advisors about how to protect, project, and preserve what you can for your growing family?
Interest Rates are pretty high right now, at least compared to where they've been over the last decade. What mistakes do we need to avoid? Are there any opportunities to be taken advantage of? And can Jeremy sing as well as the great Davy Jones? Find out as you dig in to this week's bowl of Oodles!
Jeremy's back! He's looking forward to starting a "Season 2" of the Podcast, but before he starts, he's giving an update on the changes that have happened in his life. Curious? Click now to listen!
Today, Jeremy is joined by a brilliant communicator and leader, his friend Scott Brown. Scott has written a book called Alignment, focusing on employee engagement. He’s an accomplished communicator, and has been a key note speaker, and won many speaking contests. Today, he’ll share some tips on improving our communications skills.
What did they use for Money in the Star Wars universe? How much did things cost? If Luke thought he could almost buy his own ship for 10,000… how close was he? And what kind of ship would that have been. And 10,000 what, exactly? If you are interested in these deep, philosophical questions, this is the Podcast for you! Tune in as Jeremy welcomes one of his best friends, David Vazana, a great guy, as well as the man who always beat him at Star Wars Trivial Pursuit. Together they will analyze all of the financial questions of a galaxy far, far away, and create an idea for a game changing new Crypto Currency, the N1!
For the first time on the podcast, Jeremy welcomes a guest! David Watson II joins Jeremy to discuss his journey to becoming a financial planner, the process that lead him to his current role as the Prosperity Planner for Goodwill of Central Florida, and describes the inspiration for his podcast, 1 Life 2 Build.
Jeremy is a Dad! He recorded this podcast just before the birth of his new daughter. And in honor of that event, he brought on his own awesome father, Bruce Udell, who also happens to be his boss! But did you know that Bruce also worked with his father, Aaron Udell? Most people called him “Arky”. Jeremy called him Zayde (“Zay-Dee”, Yiddish for Grandpa). Bruce has a unique perspective then, on what it’s like to work with your father, as well as what it’s like to work with your son. Not to mention, working with your wife and daughter! Oodles of Udells mentioned in this Podcast!
For years, Jeremy and his firm have largely avoided selling Variable Life Insurance. They just felt it was too risky. Life Insurance plans should have more certainty than to count on mutual funds invested in the stock market. But recently, changes to some Variable Life Insurance policies have made them an attractive option for a lot of their clients and prospects. Jeremy explains why that is, and also why he purchased his own Variable Life policy way back before he even got married!
A lot of people seem to be worried about their money in the banks. It’s understandable with the headlines. Today, Jeremy reminds us that there are risks to putting money under the mattress or burying it in the back yard, and that there are protections in place for significant portions of your deposits at banks. He also discusses the protections on other types of accounts, like investments and annuities. And finally, he lets us know his thoughts on three of his favorite shows that happened to coincide recently: Ted Lasso, The Marvelous Mrs. Maisel, and The Mandalorian.
It’s May! Can you believe it? And May is Disability Awareness Month. Jeremy had a family member who got hurt, but luckily, had this very beneficial coverage. He discusses what happened and some of the ins and out of Disability Insurance today, and reveals a little more about the extent of his family.
Have you been fleeing to cash? So many people are excited by the 3-4% interest rates on some bank accounts. Are they ignoring another place they could be achieving similar or better returns? Jeremy has been thinking a lot about Life Insurance recently. He’s always thought about it a lot, but he has extra reasons these days. You’ll have to listen to find out why!
With the crazy market, how are you tolerating the ride? Should you be thinking about going more conservative with your portfolio? And...why does Jeremy use weird analogies?
Annuities aren't right for everyone. But they can help so many people. Yet for so long, you've been told annuities are bad! And no matter how thoroughly and completely Jeremy explains how annuities work, and what examples Jeremy provides, so many people remain resistant to this tool that could increase your chance of success in retirement. Jeremy wants to know... why do so many of you hate annuities?
Today, Jeremy is joined by a brilliant communicator and leader, his friend Scott Brown. Scott has written a book called Alignment, focusing on employee engagement. He’s an accomplished communicator, and has been a key note speaker, and won many speaking contests. Today, he’ll share some tips on improving our communications skills.
It’s Springtime, and that means its also almost tax time! Jeremy reminds everyone one way to defer tax is to contribute to traditional IRAs and 401ks. He then talks about a benefit some retirement plans provide that not everyone takes full advantage of. And finally, have you ever been to an NCAA Basketball Tournament Game? Jeremy recently watched a game in Orlando, and shares his impressions of the Madness and Magic of March.
Ever chatted with and AI? Last week, Jeremy mentioned that AI is coming sooner than many people think. That same week, Jeremy was given access to chat with Google’s AI Chatbot, named Bard. What was that like? Tune in now to discover the Fascinating, Frustrating, and Fun conversation that ensued.
For his 20th episode, Jeremy discusses some current events, including: A chat with an Artificial Intelligence that went sideways, a Laser experiment that may have opened up travel to distant stars, and a combination of insurance products that no one wanted. Jeremy has thoughts on all of these events, and would love to hear what you think about them as well.
Jeremy takes us back to his Book, Retire Happily Ever After, and discusses Chapter 2, which discusses risks we face in retirement, and Chapter 3, having the right tool to address the risks we face. He also gives us his thoughts on the new Marvel movie, Ant-Man and the Wasp: Quantumania.
What is the Estate Tax and why does it exist? Jeremy explains one of the justifications for why some people will have to pay an extra tax at death. But there are ways to avoid this “DEATH TAX”, one of which is being well used by one very well-known business magnate! Finally, what organizations would you want to endow at your passing? Jeremy will tell you his, which will surprise exactly no one who has been listening to this podcast!
What did they use for Money in the Star Wars universe? How much did things cost? If Luke thought he could almost buy his own ship for 10,000… how close was he? And what kind of ship would that have been. And 10,000 what, exactly? If you are interested in these deep, philosophical questions, this is the Podcast for you! Tune in as Jeremy welcomes one of his best friends, David Vazana, a great guy, as well as the man who always beat him at Star Wars Trivial Pursuit. Together they will analyze all of the financial questions of a galaxy far, far away, and create an idea for a game changing new Crypto Currency, the N1!
How did the 30 year anniversary of the first Exchange Traded Fund (ETF) remind Jeremy of his greatest fear? Jeremy discusses that, and how ETFs differ from Mutual Funds. Jeremy also describes how taxes can pass through to investors of a Mutual Fund, even when the value of the fund goes down, and some ideas to consider to help mitigate that problem. Finally, Jeremy and his wife don't do dinner out on Valentine's Day anymore. Why not, and what do they do to keep the romance alive? Take a listen!
Today Jeremy talks about the times he’s been asked when to sell a good investment, and what he’s done in those situations. He follows that up by telling us a story about a time when he made a regrettable decision about when to sell a bad investment choice. And finally, Jeremy talks about how some recent experiences with cold weather remind him why it’s worth tolerating the heat of Florida’s summer.
SECURE ACT 2.0 was signed into law at the end 2022. How will the new rules affect your retirement plan? What provisions should you be aware of? Jeremy has some of those answers for you in this episode.
Did you know Jeremy wrote a book? Today, Jeremy talks a little bit about how that came to be, summarizes the analogy he used in the first chapter, then tells us about his affinity for books in general.
For the first time on the podcast, Jeremy welcomes a guest! David Watson II joins Jeremy to discuss his journey to becoming a financial planner, the process that lead him to his current role as the Prosperity Planner for Goodwill of Central Florida, and describes the inspiration for his podcast, 1 Life 2 Build.
When a prospect asked if he sold permanent life insurance, Jeremy was immediately curious what caused such a question. When it turned out this person had been told what a terrible investment permanent life insurance was, Jeremy felt spurred to address this widely held belief head on. Is “Buy Term, Invest the Difference” the right recommendation? Jeremy explains what he thinks about this widely shared and accepted advice. And if you’re curious about how Jeremy’s five fantasy teams did this year, hang on to the end as Jeremy hangs his head.
For his 10th episode, Jeremy gives you a little bit of his family history, and the history of his family’s business, from his Grandfather, Aaron “Arky” Udell, who Jeremy called Zaydie (the Yiddish word for Grandpa), to his father Bruce, Jeremy’s role model, and finally, to Jeremy himself.
Explaining how Fixed Index Annuities work is hard. So what analogy did Jeremy come up with to describe their mechanics? Would you believe he landed on spider plants? Check it out, as well as what index annuities are offering in the way of caps and floors as of November 2022, and Jeremy will also tell you a little bit about his 44th Birthday.
In honor of his sweet Boston Terrier, Oliver, who recently passed, Jeremy does a little different podcast. He talks about three of the dogs he’s owned, including Ghost, the street rescue bouncy boxer mix, Kona, the sweet black lab x greyhound, and Oliver, Jeremy’s little bear. He uses their example to explain why having an emergency savings account is really helpful, but also that having pet insurance, which he does not sell, can be a wonderful benefit in a hard time.
How many investments should you own if your only goal is to have your investments be worth as much as possible? The answer may surprise you. But Jeremy doesn’t recommend that strategy, and he uses a case study to explain why. Finally, Jeremy talks about his excitement for the upcoming Thanksgiving holiday – reach out to him if you want the recipe he uses for sweet potatoes!
Sometimes when you think outside the box, you can find value you never expected. Jeremy discusses times he’s had to look for ideas when what he wanted wasn’t available, and how Life Insurance can be a useful tool in retirement planning, while still being incredibly valuable in the darkest of moments. He also introduces us to the Tall Tales contests he’ll be competing in at his Toastmasters clubs.
Jeremy reminisces about his grandmothers, and compares the ways they were each prepared for end of life care. He then discusses the various ways people can plan to pay for their long term care, including nursing home care, assisted living, and home care. Finally, he wants to know how you are preserving your favorite photos. Do you scrapbook? Have you digitized your photos? Let Jeremy know!
Some ideas are better in practice than in theory. Others are tried and true. Jeremy has thoughts on several financial concepts, and a brief review of a new streaming show on Amazon Prime.
Can John Adams advise us on when we should convert to a Roth IRA? No. But Jeremy definitely thinks you should consider Roth IRA's right now. Speaking of John Adams, Jeremy has always enjoyed historical stories, both real and imagined. Find out why he likes Poldark, a show he watched on Amazon Prime.
With the crazy market, how are you tolerating the ride? Should you be thinking about going more conservative with your portfolio? And...why does Jeremy use weird analogies?