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 – March 3rd Edition

    Ukraine

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • The travel app you must have on your phone
    • How much does it cost to travel the world?
    • The most significant U.S. tax breaks ranked by revenue
    • The best Asian countries to retire in

    …and more!


    To My Clients
    The events in Ukraine have been a reminder of how blessed I am. How I am able to do what I love with people I genuinely care about. And to live in a country where I have the freedom to do so. 

    I tried to find an inspirational quote on travel and the goodness in people — but just couldn’t find the right one. I downloaded an engaging study on geopolitical events and how the market has reacted historically but it didn’t seem right. Instead, some thoughts below.
     
    Your Portfolios
    History shows that major political events tend to have a short-lived effect on markets, and your portfolios are constructed for the long term. I know it’s never easy to stay the course when headlines are grim and your investments are heading south, but it is almost always the best course of action. If you’re still concerned that recent events could hurt you financially, please refer to this market correction checklist. 
     
    Ukraine
    I had the privilege of visiting Ukraine in 2008. Even though the country had gained independence in 1991, it still had a Soviet Union feel. There was a single expensive, government-run hotel in Kyiv, people outside the service industry were hesitant to talk to strangers, and the United Colors of Benetton window display featured seven mannequins wearing shades of black and grey.
     
    However, the people were friendly (once they warmed up to you) and entrepreneurial. We rented privately-owned homes well before I knew what Airbnb was. As a child of the cold war, it was fascinating to visit a country emerging from it.
     
    When you travel, it’s the people who stick with you. It’s who you remember and why we travel in the first place. It saddens me to think of the ongoing invasion of Ukraine and the people in danger on both sides, who are powerless to stop a dictator run amok.
     
    The small positive emerging from the invasion is the outpouring of support from the international community. Hopefully, countries with similar hostile intentions will think twice before acting on them in the future.
     
    Please reach out if you have any questions or concerns.

    Safe Travels,

    David


    Travel

    How much does it cost to travel the world? Find out from someone who’s done it.

    If there’s one travel app I refuse to live without, it’s Hopper. It often has the lowest prices on flights and hotels. I’ve found customer service to be helpful. And the app will track your selected flights/hotels alerting you when prices change.

    Book your summer vacations now! They’re not going to get any cheaper.


    Retirement

    The most significant U.S. tax breaks ranked by revenue. I’m a sucker for a good infographic, and this one is great!

    The people, the sights, the smells, the food – Asia is hard to describe. It’s one of those places where walking out of the airport slaps you in the face with a sensory overload. If you’ve ever thought about retiring there, here’s a list of top countries and why they make sense. 


    Pittsburgh

    I updated my travel guide to Pittsburgh. Here’s the best way to spend two days in the city. 


    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 17th Edition

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • 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

    …and more!


    I put together four paragraphs about the festive winter holidays that have already passed and how we are in the depths of winter. It was starting to depress me, so I scrapped it. My point – I’m looking forward to warmer weather, tropical vacations, and an umbrella drink. The picture above was taken in Cuba, a spot I visited with Lori just a few years ago. It’s a professional picture taken by a photographer that is much more skilled than myself. Thumb-free!

    Safe Travels,

    David


    Travel

    When the price of your flight drops, you can get a refund for the difference if you’re flying on Southwest. This article shows you how to do it.

    Buy now, pay later offers are turning up all over the travel space. I weigh in with a quote in the Wall Street Journal. Spoiler – don’t take on high-interest debt to go on vacation.

    Travel Insurance 101 – What it is, how it works, and who needs it? All condensed in a quick-to-read tweetstorm.


    Retirement

    Over half of Baby Boomers and Gen X feel that they are behind in saving for retirement. I wrote this article to help you catch up – “Is It Too Late to Save for Retirement in Your 50s?”


    Investing

    Should you pay off your debt or invest for the future? It depends…


    Pittsburgh

    Non-stop flights out of Pittsburgh are coming back. Here’s a list.


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

    • 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

    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.

     

     

    Is It Too Late to Save for Retirement in Your 50s?

    9 of the best ways to jumpstart your savings.

    American workers are struggling to prop up their retirement savings. A recent Bankrate survey reports that 60% of Generation X and 56% of Baby Boomers feel behind.

    If only time travel existed, we could visit our younger selves, break out an overhead projector, and dazzle with a presentation on compound returns and the importance of starting retirement savings early.

    Is it too late to save for retirement in your 50s? No, and here are 9 of the best ways to catch up if you’re behind.

    Contribute to Tax-Favored Accounts

    “…in this world, nothing is certain except death and taxes.” – Ben Franklin

    Taxes will be one of the most significant expenses in your lifetime. Avoiding taxes when you can will help grow your retirement savings tremendously. Take advantage of retirement plans offered at work, such as a 401k or 403b, and contribute to individual accounts like an IRA when possible.

    The rules on retirement account eligibility are confusing and specific to your situation, but the answers can be found online. Or by walking through a flowchart like those listed below.

    It is often advantageous to invest in a Roth account (401k or IRA) if you believe you’ll be in a higher tax bracket in the future. You pay taxes on contributions now and can pull money out in retirement tax-free. If, however, you believe that your tax rate will be lower in the future, a traditional 401k or IRA might be a better option.

    Take into consideration how much money you expect to make in future years and if you think the government will raise or lower tax rates. All else being equal, I’d err on the side of paying taxes now as it’s nice to get them out of the way, and it’s not hard to imagine higher tax rates down the road.

    Flowcharts:

    Make Catch-Up Contributions

    A wonderful thing happens when you turn 50, no not reading glasses, catch-up contributions! However, according to Vanguard, even though 97% of retirement plans they oversee offer catch-up contributions, only 15% of plan participants take advantage. This is a missed opportunity.

    In 2022, participants can make catch-up contributions of $6,500 in plans such as 401ks and $1,000 in IRAs. Adding extra money to these tax-favored plans as you’re nearing retirement is a fantastic way to move the saving’s needle.

    Don’t wait until your 50th birthday to start catch-up contributions. You’re eligible on January 1st of the year you will turn 50, so there’s no reason to wait.

    Contribute to an HSA

    A health savings account (HSA) may be available if you have a high-deductible health care plan. The account allows you to save money for a significant list of HSA-eligible expenses. The beauty of this account is its triple-tax-free status. You won’t pay taxes on contributions, investment growth, or when funds are spent.

    Did someone say investment growth? HSA accounts allow you to invest contributions. Unfortunately, according to the Employee Benefit Research Institute, only 7-9% of participants held something other than cash. Additionally, 60% of account holders withdrew funds during the nine-year study.

    I often see HSAs misused, but it’s easy to fix. Here’s how to use an HSA to extract the most value.

    In 2022 contribution limits for self-only HSA coverage are $3,650 and $7,300 for a family plan. You should be making these maximum contributions, if at all possible. Your first retirement savings should be to your company retirement plan up to the match. Your second contribution should be to your HSA, and max it out if you can.

    Invest the money you put into your HSA like any other retirement account. Only hold cash if you’re going to need the HSA funds soon. Optimally, you’ll want to leave your HSA alone until after you turn 65. Paying medical expenses out of pocket before age 65 will allow this tax-free account to grow more quickly.  

    When you reach 65, you can withdraw HSA funds for any reason, medical or not. If you spend HSA money on something other than a medical expense, it will be treated as an IRA withdrawal and taxed. If you stick to medical expenses, withdrawals will be tax-free.

    Catch-up contributions can be made once you turn 55. That’s an extra $1,000 in 2022.

    It’s hard to stress how powerful a triple-tax-free account is in your retirement savings arsenal. But you must use it optimally to extract the greatest benefit by investing contributions, letting it grow untouched until at least age 65, and maxing out contributions each year.

    Invest Your Raise

    The good news for 2022 is the average salary in the U.S. will increase 3.4%, according to a recent WTW survey. Inflation may come into play, reducing your spending power, but this is still a fantastic opportunity to put away more money. Try not to spend the extra money in each paycheck and contribute to one of the tax-favored accounts discussed earlier.

    Invest Your Bonus

    It’s tempting to sit around in late December and earmark your end-of-year bonus. A new swimming pool? A European vacation? Don’t do it. Or, if you must, try spending only a quarter or half of your newfound stash. Invest the remainder. The average bonus in 2021 was 11% for exempt employees in the U.S., per research by Zippia. Investing your bonus can be a significant boost to your nest egg, and investing most, if not all, of your bonus can be a painless way to jump-start your savings.  

    Get a Second Job

    Today’s robust economy presents many opportunities for a second job. There are few ways better to inject significant funds into your retirement savings than working more hours in the week.

    Not only can you increase your income, but you can follow pursuits that might have very little to do with your day job and more to do with beloved hobbies. A second job can also be a great way to transition to retirement. Not everyone wants to lay on a beach when they retire, and if you’d like to spend your time working in a different field, here’s a great way to test it out.

    Eliminate High-Interest Debt

    Not all debt is harmful, but when it has a double-digit interest rate, such as a credit card, pay it off as quickly as possible. Lower interest rate debt, within reason, is perfectly acceptable and can be paid off at a more leisurely pace. I would include mortgage debt, school, and car loans in the less-of-a-concern bucket, assuming they carry interest rates in the single digits.

    Invest the money saved on interest payments for retirement. Interest can be a negative or a positive, depending on which side of it you’re on. By paying off debt and investing, you’ll make interest work for you.   

    Reduce Costs

    Nothing is worse than paying for things you don’t use or need. If you review your credit card statements each year, you’ll likely discover services you’re no longer using.

    Is your home bigger than it needs to be? Once children have moved out, you might find yourself in a house with more space than you need. How about other big-ticket items such as cars? Do they still meet your needs, or could you get away with one less car? Is the auto you own designed to carry around the whole family? Maybe a smaller, less-expensive car now suits your needs?

    I specialize in working with people who love to travel, and this is an area ripe for saving money. Consider shorter trips, stay closer to home, and travel during the slow season.

    You can trim these large expenditures, and the money saved can be used for retirement. Don’t go overboard by cutting too deeply, but aggressively eliminate unnecessary costs in your life.                

    Move

    Moving to save money for retirement may seem drastic, but it can contribute to your savings dramatically. I already mentioned moving into a smaller, less expensive home if you don’t need the space. Savings from downsizing may include a lower overall cost of the home, lower taxes, and lower utility bills.

    There are also many ways to reduce expenses by moving to a different location. Lower tax rates stand out as a compelling way to save more money. Among the taxes that you might be able to lower are state/local income taxes, property taxes, and sales taxes. It may not take a move across the country to reduce your tax bill, sometimes a move across town or into a new county can have a big effect.  

    It’s Not Too Late to Start Saving

    If you feel you’re behind in saving for retirement, it’s not too late to take action! By using some of the 9 suggestions outlined above, you can aggressively make up lost ground. It’s not how you start, it’s how you finish!  


    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.

    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.

     

     

    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 – January 6th Edition

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • 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

    …and more!


    Happy New Year! 2022 is less than a week old, but it has already reminded us of a valuable lesson. The NASDAQ is down 3.5% in the first three days of trading – not a great way to start the new year. However, other asset classes have held up well or are positive on the year, including small-cap value stocks, which have gained approximately 1%.
     
    The lesson? Rebalance regularly. I know it isn’t easy, especially when your tech stocks are screaming to new highs daily. Try to take the emotion out of rebalancing and set up a schedule to rebalance portfolios based on the time of year or when your asset allocation strays from its target.

    Is it too late for 2022? Absolutely not. Rest assured that if you’re an investment management client of PathBridge Financial, your portfolio was rebalanced toward the end of 2021. If you manage your own investments, I encourage you to make sure your asset allocation matches the target allocation in your financial plan. If your investments are out of whack, it’s time to rebalance. 

    Safe Travels,

    David


    Travel

    Mailing in your passport for renewal will soon be a relic of the past as the U.S. government takes a tentative step into the 21st century!

    Want to know what it’s like to work remotely from another country? 8 remote workers tell you what to expect..


    Retirement

    Not everyone is looking for the cheapest places to live in the world, but I think it’s fascinating to read about them and see what’s available.

    So exactly how much will it cost to retire in each country? The infographic above by NetCredit.  There are some excellent graphics in this article.

    I know some of you are planning to retire in 2022. Here’s a solid list of things to consider.. Here’s a solid list of things to consider.


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

    • Should you keep Medicare if you move overseas in retirement?
    • I-Bonds will offer an annualized 7.12% rate for at least part of 2022, do they make sense in your portfolio?
    • Ever feel like you’re booking your flight/hotel at exactly the wrong time? Expedia crunches the numbers and explains when to book and when to travel for lower rates
    • My Thanksgiving trip report gives you the scoop on how bad airports really were – not that bad actually

    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.