The Uncommon Path – May 5th Edition

The Uncommon Path

Plan Wisely | Retire Well | Travel on Your Terms


In this issue…
  • Traveling to Europe this summer? Here’s what to expect. 
  • The sweet spots to exploit if you’re using Chase Ultimate Rewards. 
  • A valuable list of things to consider when you’re planning on a retirement of travel, including some excellent resources. 
  • Feeling uneasy about the stock market? Here’s what you should do.

…and more!


The Nasdaq is down over 20% year to date and investor sentiment is near all-time lows. What should you do? The simple answer is “stay the course.” However, there’s more nuance to our investment lives than that. Feeling nervous? I highly recommend reading through the article from Nerdwallet that I’ve included under the Investing section below. 

Safe Travels,

David


Travel

Here’s what to expect if you’re traveling to Europe this summer.

Chase Ultimate Rewards are extremely flexible and valuable, but it can be hard to decide the best way to use them. Here are two articles to help you get the best bang for your buck – how to redeem and 6 sweet spots.


Retirement

Excellent resources for traveling in retirement.


Investing

Concerned about a stock market crash? Here’s what to do.


Pittsburgh

The Incline’s monthly restaurant roundup is always a must-read. I’m excited for all of the new restaurants/businesses setting up shop in the Strip District.


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

  • Taxes stink! 12 states where your retirement income is not taxed.
  • If you’ve been waiting to pick up a Chase Sapphire Preferred card, do it now. You’ll get an 80,000-point sign-up bonus. 
  • 28 views that will trigger your wanderlust.
  • If you’re going to move during retirement, here are 6 things to consider.

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 – April 21st Edition

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • Taxes stink! 12 states where your retirement income is not taxed.
    • If you’ve been waiting to pick up a Chase Sapphire Preferred card, do it now. You’ll get an 80,000-point sign-up bonus. 
    • 28 views that will trigger your wanderlust.
    • If you’re going to move during retirement, here are 6 things to consider.

    …and more!


    Before traveling, I always read a few books. Novels, non-fiction, whatever will give me a feel for the place I’ll be visiting. I’m currently making my way through The Longest Day, which tells the story of the Normandy invasion. The author has combined a series of interviews to describe the day’s events from multiple points of view. Each perspective adds vibrant color that brings the day alive.

    Ok, this is starting to sound like a book review, so I’ll end it here.

    Part of the fun of traveling is the anticipation. Before your next trip, pick up a book, watch a movie, or check out YouTube to make planning almost as fun as the actual trip.

    Safe Travels,

    David


    Travel

    Few things in life can jump-start wanderlust as quickly as a beautiful picture of a distant land. Here are 28 photos of breathtaking views of places you have to visit.  

    One of, if not the best, travel credit cards is now offering an 80,000-point sign-up bonus. If you don’t already have a Chase Sapphire Preferred card, I recommend checking it out.

    Trying to keep up with international travel restrictions related to COVID is a headache. Luckily the Point’s Guy has done the hard work for you – a country-by-country guide.


    Retirement

    One of the best ways to make your retirement savings last longer is to avoid state taxes. Here are 12 states where retirees’ income is not taxed.

    Did you decide to move in retirement?  6 things to consider.


    Pittsburgh

    TastingTable named Pittsburgh’s most eclectic steakhouse as one of the 20 best in America. 


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

    • Who decides when the pandemic is over?
    • Searching for your ID at the airport – soon to be a thing of the past
    • This is what it’s like to live on a cruise ship full time
    • Is retirement financial suicide?

    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 – April 7th Edition

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • Who decides when the pandemic is over?
    • Searching for your ID at the airport – soon to be a thing of the past
    • This is what it’s like to live on a cruise ship full time
    • Is retirement financial suicide?

    …and more!


    The pandemic is over. How can I say this so confidently? Historians of the 1918 Spanish Flu Pandemic emphasize that “People, Not Science, Decide When a Pandemic Is Over.” And the people have spoken.

    How? Carnival Cruises announced that “the one-week period of March 28-April 3 was its busiest booking week in the company’s history.” Not the busiest week this year. Not the busiest week since the pandemic began. The busiest week ever.

    I didn’t write this to get into politics or the science behind COVID. I just wanted to let readers know that travel is coming back with a vengeance. If you feel safe traveling and booking a trip is on your to-do list, don’t wait. Prices are on the rise, and availability is dwindling. Good luck out there, and safe travels!

    David


    Travel

    What it’s like to live on a cruise ship full time.

    51 destinations to put at the top of your list – the most beautiful places in the world.

    Showing your physical ID at airport security might soon be a thing of the past.


    Retirement

    One of the best “places-to-retire” articles I’ve come across. International Travel’s 2022 top ten places to retire is out! The analyst in me greatly appreciates their numerical process of crowning a winner. 

    Retirement = financial suicide? You’d think that there would be a way to avoid this, like hiring a professional to help…hmm.


    Investing

    Should you change your investment strategy because of the war in Ukraine? Invest for the long-term and don’t think about the news.


    Pittsburgh

    I can’t even tell you how excited I am about this – an Asian food hall is coming to Pittsburgh’s strip district and will feature seven food stalls.


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

    • 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 

    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 – 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 – February 3rd Edition

    Burj Khalifa

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • January was a bad month for the market. Should you sit tight or make changes?
    • How much does it cost to go to Disney World?
    • Putting your investments in the proper account can make a big tax difference
    • Pittsburgh welcomes the Moonshot Museum in 2022

    …and more!


    (Pictured above: Luxury travel operator Unforgettable Travel determined the number one post-pandemic, bucket-list destination is Burj Khalifa in Dubai. See the article below for the complete list.)


    I do not like heights. I consider myself pretty rational, but the fear of heights is my one true phobia. As an example, I refused to walk across the glass floor at the top of the CN Tower in Toronto regardless of how many elephants I was told it could support. 

    So how can I explain why I’m also intrigued by the view from very high places? My fear of heights didn’t keep me from walking along the Cliffs of Moher or running off the side of a mountain to hang-glide in Brazil. I also tend to visit the highest building in most of the cities I visit.

    So why would I jump at the chance to visit the Burj Khalifa Observation Deck on the 148th floor of the tallest building in the world? I guess when the view is worthwhile, I can overcome irrational fear. Or I’m so ready to travel internationally that I’d walk across a long glass floor to get there. 

    Safe Travels,

    David


    Travel

    You’re not alone in your desire to travel. Here’s a list of the top-10 “bucket list” destinations travelers want to visit post-pandemic. The article also lists the top-10 for each continent.

    Something excites me about being on a boat where the view is 360 degrees of water. Maybe it’s the adventure (in an admittedly controlled setting) or contemplating the voyage my Italian ancestors made from Europe over a hundred years ago. Here are the pros and cons of a transatlantic cruise.

    How much does it cost to go to Disney 2022? It’s not cheap, but the kids (and some adults) just might find it’s worth every penny.


    Retirement

    What should you do when the market drops 10% in a month? As a financial advisor, it’s easy to tell clients to sit tight during market corrections and plan for the long-term, but sometimes it’s more complicated than that. Here’s a great checklist that walks you through the important questions to be asked. Maybe changes to your portfolio or plan should be made?

    There’s nothing worse than retiring overseas to a place where you feel unwelcome and just don’t fit in. Worry no more! Here’s an article that features 5 places to retire where it’s easy to fit in.


    Investing

    A good reminder that asset location is important to avoid a tax bomb. However, taxes are only part of the equation. It’s important to mention how advantageous it is to have high-growth investments in a tax-efficient account if you have a long time horizon.


    Pittsburgh

    16 restaurant & brewery openings coming in 2022.

    If you’re a space junky like me, you’ll be excited to hear a new museum is opening in Pittsburgh in 2022. The Moonshot Museum will exhibit actual spacecraft, flight simulators, and a ton of moon-centric displays.


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

    • 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

    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.

     

     

    Tulsa Here We Come! – A Thanksgiving Trip Report

    Frazzled nerves, irritated staff, grumpy travelers, and frequent delays – welcome to travel during Thanksgiving. And that’s during a typical year, not during the pandemic of our lifetime.

    I present Thanksgiving 2021, my trip home.

     

    Monday, November 22nd

    8:04 pm: My Thanksgiving tradition of watching Planes, Trains, and Automobiles takes on extra significance this year as I prepare for a trip home through congested airports filled with anxious, mask-wearing travelers and short-tempered TSA agents. My mind runs through the possibilities of weather delays, sickouts, long lines, crowded restaurants, and an all-around surly mob.

     

    Tuesday, November 23rd

    4:20 pm: We arrive at the Pittsburgh International Airport.

    4:35 pm: After checking in, Lori notices her ticket doesn’t say TSA precheck. Mine does. I have a choice to make. I can either enjoy the speed and convenience of the TSA line by myself or embrace chivalry and join Lori in a line where I’ll have to empty my bags, remove clothing, and submit to a body scanner.

    4:36 pm: I wish Lori good luck.

    4:37 pm: We race through security separately.

    4:41 pm: I win.

    4:42 pm: I’m amazed at the short lines at the security checkpoint. This is not what I was expecting at all. The TSA agents are friendly and don’t look understaffed or overworked.

    4:44 pm: I wave to a shoeless Lori after she exits the body scanner. She doesn’t look as annoyed as I would have thought.

    4:47 pm: We are both through security. I’m shocked at how quick it was.

    5:11 pm: We have dinner at Penn Brewery for our last Pittsburgh meal. It is 10% full. I realize it’s early, but the airport restaurants are dead.

    5:38 pm: I’m trying out a new travel app called Flighty. It promises to make “travel stress-free” as it notifies you of delays and information about your flights. I enter our flight numbers.

    5:40 pm: I’m alerted that the airplane for our connecting flight is an hour delayed.

    5:42 pm: I’m alerted that the airplane for our connecting flight has been changed and is not delayed.

    5:44 pm: I’m alerted that the airplane for our connecting flight has taken off late – two minutes late.

    5:45 pm: I decide that I may not need this many alerts as they are stressing me out.

    9:04 pm: We land in Dallas after an uneventful flight. My mask is getting swampy, and I wouldn’t mind taking it off as we get something to eat, but the restaurants in the airport are all closing for the night. Like Pittsburgh, the Dallas airport is close to empty.

    9:33 pm: My American Airlines app offers me $200 to give up my seat to Tulsa. Nice try American, you’re going to have to put another zero on that number to get me to stay the night in Dallas.

    9:40 pm: The first surly traveler of the evening! He’s loudly telling anyone who will listen that our flight is delayed because it is empty and will be canceled. He must not have the American Airlines app.

    9:42 pm: My Flighty app informs me our flight is delayed until 10:40 pm. American is telling me departure remains at 10:30 pm. Who is right, and what does the surly passenger know that I don’t?

    9:47 pm: American Airlines admits we will be delayed. I’m starting to warm up to Flighty – it knows the future.

    9:52 pm: As I repeatedly run my soapy hands under the bathroom sink faucet, trying to trigger the sensor to release water, I start to wonder if we’re really that close to self-driving cars.

    10:11 pm: Ditto as I raise and lower my phone, trying to get the scanner to register my boarding pass. The gate agent looks slightly annoyed with me.

    10:29 pm: The aircraft door closes, and miraculously the seat next to me is empty!

    10:35 pm: I place my Kindle on the empty seat – because I can.

    11:25 pm: Off the plane, and we head toward baggage claim.

    11:29 pm: There are not enough mints in the world to make the air inside my mask fresh.

     

    Wednesday, November 24th through Friday, November 26th

    A three-day whirlwind of family, friends, and food. Too short, especially after skipping 2020.

     

    Saturday, November 27th

    3:01 pm: Arrive at the Tulsa International Airport to begin our journey home.

    3:02 pm: As we approach a kiosk to check our bags, an airline customer service agent waves us over. I look around to make sure her friendly smile is meant for us and not a more worthy first-class passenger. No, we are the only ones around. I realize that either the airport is so slow the agent is trying to fight boredom by helping us, or I’ve reached the age where I look unable to operate an airline kiosk. I’m happy either way.

    3:09 pm: Lori and I stare at each other in disbelief. We managed to check our bags and make it through security in 8 minutes.

    4:13 pm: The airport is empty. I laugh to myself. What happened to the craziness I was expecting? Where are all the scary crowds I was worried about?

    8:21 pm: Atlanta.

    8:22 pm: We come face to face with the mob. The Atlanta airport is noticeably packed. Strangely, the restaurants near the gates are closed, so we head towards the food court to find dinner.

    8:23 pm: We enter the food court, and it is mobbed. Lines are 40 deep and snake through the entire area. I’m not even sure where they begin and end. I don’t like the idea of wading through this mass of humanity to get a cold burger and soggy fries.

    8:24 pm: I peer through the crowd and notice an escalator rising out of the horde, leading to what I imagine is a better place.

    8:25 pm: We are face to face with a host at Gordon Biersch. There is a 50-minute wait for a table, but the bar is open seating. The bar it is.

    8:26 pm: We strategically position ourselves behind a couple finishing off their drinks.

    8:28 pm: A seat, multiple football games on tv, and a menu in a relatively uncrowded venue – I am happy.

    9:03 pm: Thanksgiving travel takes a toll on the traveler next to Lori. He’s cut off after the bartender slides him a bourbon. The fellow traveler takes it very well as he looks at his watch, downs the drink, and heads off to catch a flight, or find another bar.

    10:37 pm: Someone has foolishly put Lori and me in charge of the safety of all souls on our aircraft. I’m not sure how we ended up in the exit row, but I’ll take it.

    10:49 pm: Our flight is delayed. We need a part. I’ve seen this show before, and it usually doesn’t end well. 

    10:59 pm: Hat tip to the Delta mechanic who had the Thanksgiving weekend late shift. We’re off.

     

    Sunday, November 28th

    12:30 am: Pittsburgh greets us as we fly directly over downtown. Heinz Field is ablaze even at this late hour. Snow is falling.

    12:40 am: We land.

    2:07 am: Home at last. I’ve been flying to visit family for Thanksgiving/Christmas for many years, and I don’t think it ever went this smoothly. I prepared for the worst, but travel for Thanksgiving 2021 turned out better than I could have ever expected.

    P.S: If you’re the Delta mechanic that replaced a part on flight 2899 to Pittsburgh on November 27th, I’ve got a $100 Amazon gift card waiting for you. 


    Your questions about planning for retirement and travel answered. Where to go? What to do? How to plan it? How to afford it?

    You’ll not only be signed up for my newsletter, 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.