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Michael Unger joined Coral Gables Trust Company in January 2019 as an Assistant Vice President and Investment Officer. Prior to joining Coral Gables Trust Company, Unger worked for a boutique investment firm in South Florida, providing comprehensive financial planning and investment management for high-net-worth individuals, retirement plan sponsors, and retirement plan participants. A CERTIFIED FINANCIAL PLANNER™ practitioner, Unger holds a bachelor’s degree in psychology with a double minor in economics and business administration from the University of Miami.

Education Planning 101: The Almighty 529 Plan

Education Planning 101: The Almighty 529 Plan
With the cost of college education skyrocketing and outpacing wage growth by nearly eight times, it is not surprising that student loans make up the largest portion of the U.S. non-housing debt. According to College Board, the average cost of tuition and fees for the 2018-2019 academic year for an in-state student at a four-year public university has increased 2.8 percent from the prior year to $21,370. A four-year private university increased 3.2 percent  from the previous year to $48,510. What techniques and strategies could be utilized to reduce the burden of potential student debt and keep it from snowballing?...
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As a small business owner, you wear a myriad of hats. Should financial planner be one?

As a small business owner, you wear a myriad of hats.  Should financial planner be one?
Small business owners are actively involved in all aspects of the business, from day-to-day operations to continuing the sustainability and the growth of the business. At what point are you casting your net too wide?   It is not uncommon for business owners to assume they will never retire. After all, you’re doing what you love, so why not continue indefinitely? According to a Manta survey, a third of small business owners and entrepreneurs do not have a retirement strategy in place. Some entrepreneurs believe that selling their business is an effective way to fund their retirement. Attempting an exit...
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Adding a fur member to the family? Here are three commonly overlooked concerns.

Adding a fur member to the family?  Here are three commonly overlooked concerns.
First, can we financially afford adding a pet to our family? The simplest way is to start with a budget.  It is always best to slightly overstate the potential costs that will be incurred.  As a CERTIFIED FINANCIAL PLANNER™ Professional, I enjoy comprehensive research and running various scenarios to determine the best solution.       Let me save you time on gathering details for your pet’s budget. Initial costs vary greatly depending on if you are adopting from the Humane Society or opting for a designer pet from a breeder.  When it comes to adopting from a shelter, adoption fees range...
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