Udgit Mehta, Money Coach

by Susan Shalhoub 

Nearly three decades of experience powers Udgit Mehta, a money coach who guides clients on important financial matters such as retirement and estate planning, tax and debt strategies, insurance solutions, and smart investing.

Udgit is an entrepreneur who is affiliated with Finance Fitness, a financial services company. He has clients across the country and helps them navigate their financial future with an objective, bird’s-eye view of their situation.

“My services are free to the client as I have partners in areas such as annuities, home insurance, and long-term care,” says Udgit, a former chief financial officer with the Seminole County Health Department.

Recently, clients have reached out to Udgit for advice because of the uncertainty surrounding the stock market.

“The stock market can be good to invest in, but because of the inherent fluctuations in the market,” says Udgit, “I  recommend keeping some money in banks and some money allocated in tax-free options for retirement.”

For example, Udgit suggests a cash-value life insurance policy, which allows money to be withdrawn without tax penalties and provides protection for death, illness, or long-term care. He goes the extra mile for his clients by helping with every detail, including filling out policy applications.

Udgit is also a strong believer in setting up wills, trusts, estate planning, and advance directives sooner rather than later. Doing so ensures that assets are protected, probate is avoided, and tax burdens are minimized.

Though 18 seems young to most adults, Udgit says it’s a sensible age to begin the 

estate-planning process, which includes arranging for a power of attorney and health-care directives. Then, as that 18-year-old gets older and takes on more responsibilities – including home ownership or parenting – additional layers can be added, such as setting up trusts and guardianships of children.

With Udgit’s help, getting your financial house in order couldn’t be more convenient.

“We can meet on Zoom; we can meet at your house; we can meet at a coffee shop,” he says. “I always look forward to guiding people to a more secure financial future.”