The Uncommon Path – The St. Patrick’s Day Edition

The Uncommon Path

Plan Wisely | Retire Well | Travel on Your Terms


In this issue…
  • Have you been thinking of retiring earlier?
  • Tired of boring vacations? 5 ideas that will get you out of your comfort zone
  • Prices are going up and credit card bonuses are going away – time to act fast!
  • The best cities for St. Patrick’s Day parades 

…and more!


Want to underperform the stock market by 5.88% a year? Just follow your emotions.

Emotions can run high when the world’s stock markets are being jerked about. The following headlines were written over the last three weeks and not in publications with differing agendas. Each headline appeared in the Wall Street Journal.   

“Investors Dash to Haven Assets During Ukraine Crisis Market Turmoil”

“Stocks Surge as Oil Prices Slide Below $100”

“Stock Markets Close Lower as Inflation Rises, War in Ukraine Continues”

“Stocks Climb As Fed Raises Interest Rates”

Can any investor be blamed for feeling unsettled? For making rash decisions to ease the emotional pain of potential losses? Unfortunately, shedding this pain comes at a steep price.

Market research firm, Dalbar, measured the average return for mutual fund investors compared to the S&P 500. For the 30 years ending December 31st, 2018, the average mutual fund stock investor underperformed by 5.88% per year. This underperformance was created by investors buying and selling at the wrong time.

Conclusion: emotions are the enemy of long-term investing, something every retirement plan relies on. So even though it might feel great in the short term to sell your stocks for the safety of cash, you’ll very likely be doing your long-term plan a grave disservice.

I know. Ignoring the headlines is easier said than done.

However, if you’re tempted to make significant changes to your investment portfolio, consider the consequences of missing out on nearly 6% of return each year. You’ll be forced to work longer, spend less, and save more just to end up in the same place on your retirement journey.

Hang in there, ignore the noise, and embrace your long-term plan.

Safe Travels,

David


Travel

I’m in love with these 5 alternative vacation ideas designed for stepping outside of your comfort zone

If you haven’t booked your summer travel plans, you better hurry, Tripadvisor’s spring travel index shows Americans are spending big

You should also hurry if you’re looking for big credit card sign-up bonuses as they’re disappearing fast

If you’ve always wanted to visit the British Virgin Islands, here’s a list of 15 things you must do there – the Baths are on my travel bucket list


Retirement

Have you been thinking of retiring earlier?

Not to discourage you, but here are 10 things that can make retiring earlier difficult


Investing

Trying to time the market is a bad idea, explained in another way


Pittsburgh

The best U.S. cities for St. Patrick Day parades (spoiler Pittsburgh’s #3)


Did you miss the last issue of The Uncommon Path? If so, you have a second chance to catch up on:

  • Exactly what you need to do to get a refund on Southwest when the price of your ticket drops
  • Why you should avoid buy now, pay later offers – my Wall Street Journal quote
  • If you’re over 50 and feel behind on your retirement savings I wrote this article for you 
  • Non-stop flights out of Pittsburgh are coming back and here’s the list

Prefer to receive my newsletter in your inbox?

You’ll not only be signed up for my newsletter which is published twice a month, but you’ll also get a PDF that shows you exactly what a comprehensive retirement plan for people who love to travel is all about. Thanks for reading!

 

 
 
  • *Privacy policy: your email address is safe, and you will never receive SPAM.


    Financial Advisor David Tuzzolino

    David Tuzzolino, CFA, CFP®, is the Founder and CEO of PathBridge Financial, a firm that specializes in providing comprehensive financial planning and investment management services for clients that are nearing retirement and love to travel.

     

     

    The Uncommon Path – January 20th Edition

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • 14 credit cards that have 100k sign-up bonuses
    • Exactly how much are those points/miles worth? Every major program’s value
    • Solving the 70-year-old case of who turned in Anne Frank’s family
    • A 2022 Market Outlook by Goldman Sachs

    …and more!


    Nothing says the Dog Days of Winter like twelve straight days of below-freezing highs – yes, highs! If the Weather Channel is accurate Pittsburgh is looking at sub-freezing weather for the rest of January. I’m trying to focus on future travel instead of the weather and hope COVID doesn’t derail my spring vacation to France. 

    Also, I highly recommend The Greater Journey: Americans in Paris by David McCullough. The non-fiction book written by Pittsburgh’s most well-known historian documents the adventures of American writers, artists, architects, and more as they experience 19th-century Paris. The book does a fantastic job of highlighting what makes Paris, Paris. 

    Lastly, if you have investment accounts with me at TD Ameritrade, your tax forms are available. Please sign in to your account to access.  

    Safe Travels,

    David


    Travel

    Even if you’re uncomfortable traveling now, you can still plan for the future. A list of 14 credit cards offering 100k sign-up bonuses. 

    Oh, and exactly how much are each of those offers worth? Every major airline/hotel rewards points/miles are valued in the January 2022 guide by The Points Guy. 

    One of the travel credit card families I recommend the most is Chase Sapphire given their generous rewards and flexibility. Ever wonder whether you should be using Chase miles or cash when booking a flight? This guide explains the ins and outs.


    Retirement

    Not everyone is lying on the beach during retirement, some retirees are solving 70-year-old cold cases. This is a great 60 Minutes piece about an ex-FBI investigator who goes to Amsterdam to help solve the enduring mystery – Who gave up Anne Frank’s family? 

    The annual retirement account contribution limits, tax rules, etc. change constantly. Here is a two-page document that lists all of the 2022 Annual Limits for Financial Planning. 


    Investing

    I normally take outlooks for the year ahead with a boulder-sized grain of salt. However, when they are well done and backed up with valuable data they can be a very interesting read. Here’s the 2022 Outlook by Goldman Sachs. Even if you’re a skeptic, like me, when it comes to making market/economic predictions accurately it’s a thought-provoking paper. 


    Did you miss the last issue of The Uncommon Path? If so, you have a second chance to catch up on:

    • 2022 has not been kind to many large growth stocks, but it’s not too late to rebalance
    • Exactly how much does it cost to retire in each country? A list
    • In case your retirement fund is a little low, a list of the cheapest countries to live in
    • Ready to renew your passport? Soon you won’t have to mail it in

    Prefer to receive my newsletter in your inbox?

    You’ll not only be signed up for my newsletter which is published twice a month, but you’ll also get a PDF that shows you exactly what a comprehensive retirement plan for people who love to travel is all about. Thanks for reading!

     

     
     
  • *Privacy policy: your email address is safe, and you will never receive SPAM.


    Financial Advisor David Tuzzolino

    David Tuzzolino, CFA, CFP®, is the Founder and CEO of PathBridge Financial, a firm that specializes in providing comprehensive financial planning and investment management services for clients that are nearing retirement and love to travel.

     

     

    The Uncommon Path – November 18th Edition

    Thanksgiving Cranberry Sauce

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • You can contribute more money to your 401k in 2022!
    • There’s a new premium travel rewards card from CapitalOne
    • Want to retire abroad? Here’s an article with some unusual locations
    • The best travel books of 2021

    …and more!


    Nothing screams Thanksgiving to me more than turkey dinners in Cambodia. The period in my life when I first discovered my love of travel was often spent on the road: the further and more exotic the location, the better.

    Sidebar – A travel hack for anyone in the corporate world where management might frown upon a two-week absence – travel over Thanksgiving. It is really more like a one-week vacation in your boss’s eyes as no one is in the office Thanksgiving week anyway.

    There are other memorable Thanksgivings in my life, including when I was just a kid, and my mom tried to sneak cranberry sauce made from real cranberries onto the table, skins and all. I rejected this act of betrayal and ensured that my beloved, jellied cranberry, can shape intact, was always present on future turkey days.

    Post-pandemic Thanksgiving will produce its own memories. Some, probably not so good. I’m visualizing packed airports filled with masked travelers on tight schedules dealing with under-staffed airlines. But after a year filled with disruption and families spending holidays apart, this feels like a Thanksgiving that should revolve around family even more than normal.  

    I’m looking forward to welcoming back family traditions and adding some good memories as well. I hope you have the chance to be with the ones you love this holiday. I hope you have the opportunity to make some memories you can look back on fondly.

    So whether you’re taking a picture of a chalkboard menu in southeast Asia to show medical professionals precisely what you ate in case of food poisoning or happily trying to extract canned cranberry in a way that keeps the can-shape intact – I hope you have a Happy Thanksgiving!

    Safe Travels,

    David


    Travel

    Are you interested in seeing a map with the cheapest places to fly from Pennsylvania to destinations around the globe? You’ll spend half your day wondering why the cheapest flight from Pennsylvania to the Middle East lands you in Tbilisi, Georgia.
     
    There’s a new premium travel credit card from Capital One. Everyone values perks and rewards differently, so this card might fit nicely into your wallet. However, I don’t see it displacing my go-to travel cards in the Chase Sapphire family.

    Are you looking for a Christmas gift for the traveler in your life?  The Washington Post has released a list of its best travel books of 2021.


    Retirement

    Do you have a 401k or 403b? You’re in luck as the contribution limits for 2022 have gone up to $20,5000 from $19,500. If you include the catch-up contribution for investors over 50, you can now save a total of $27,000 per year. This release by the IRS also contains information about the new phase-out ranges for contributions. Unfortunately, IRA limits remain unchanged.

    There’s no reason to wait. Increase your eligible retirement plan contributions, so they take effect at the beginning of 2022.
     
    I like this article about retiring abroad because it is written for a U.K. audience and contains some exotic locations beyond the standard countries that are discussed frequently in the U.S. Have you considered retirement in Malta? Malaysia? Maybe you should? 


    Did you miss the last issue of The Uncommon Path? If so, you have a second chance to catch up on:

    • Three ways to reduce your Pennsylvania taxes  
    • What stock selection factors work best in an inflationary environment
    • A year-end financial planning checklist that’s worth your time
    • There are billions of miles the airlines would like to devalue; use yours before it happens

    Prefer to receive my newsletter in your inbox?

    You’ll not only be signed up for my newsletter which is published twice a month, but you’ll also get a PDF that shows you exactly what a comprehensive retirement plan for people who love to travel is all about. Thanks for reading!

     

     
     
  • *Privacy policy: your email address is safe, and you will never receive SPAM.


    Financial Advisor David Tuzzolino

    David Tuzzolino, CFA, CFP®, is the Founder and CEO of PathBridge Financial, a firm that specializes in providing comprehensive financial planning and investment management services for clients that are nearing retirement and love to travel.