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.

     

     

    The Uncommon Path – December 16th Edition

    Cousin Eddie's RV

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • 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

    …and more!


    Thank you for making 2021 a fantastic year for PathBridge Financial. Oddly enough, in a year where the COVID-pandemic has dragged on, the U.S. stock market has continued to march higher, travel has started to re-enter our lives, and PathBridge had a record year thanks to all of my wonderful clients.

    2021 was a year that proved, trying to time the market is a bad idea. Would you have been fully invested if, on January 1, you had known about Omicron, Fed tapering, and the rate of inflation for the year? I’m guessing no.

    What will 2022 bring? Undoubtedly, a new list of things to worry about and possibly the correction many experts have been forecasting. The U.S. large-cap market, including much of the tech universe, is rich by historical measures, so make sure you’re not overweight this group. A long-term outlook and a diversified portfolio containing attractively-valued investments, such as small-cap, international, and emerging market equities, remain a good idea. 

    I will keep this letter short and sweet since I know you have more important things to do during this time of the year. But I want to close by saying I hope the work we’ve done together this year has helped you move closer to your ultimate dreams and goals.

    Thank you for allowing me to be a part of your lives, and I look forward to making an even more significant contribution in 2022.

    Safe Travels,

    David


    Travel

    If you want to get into the Christmas spirit, head to Cleveland. Yes, Cleveland. You’ll not only find the legendary Christmas Story house (leg-lamp included) but outside of the city is Castle Noel, a museum dedicated to Christmas movies with an eye-popping selection of famous movie props. Here you can slide down the Christmas Story department store slide, pose with Cousin Eddie’s Christmas Vacation RV (see picture above), and check out props featured in movies such as Elf, The Grinch, and The Santa Claus trilogy. I went a few years back, and if you’re a Christmas movie fan, you won’t be disappointed.

    Did you travel for Thanksgiving? Was it as bad as the media forewarned? Here’s my blow-by-blow Thanksgiving Trip Report.  

    Ever feel that regardless of when you book a flight or hotel, it’s the wrong time? As in, it’s the time when you’re going to be charged a ridiculous amount more than if you just waited until Wednesday at 3 am? Worry no more! Expedia released their latest report outlining when to book and the best time to travel so you’ll get the top deals.

    Bringing the international back to the Pittsburgh International Airport. Direct flights to London will start up again this summer!

    The Incline has released its monthly guide on the Pittsburgh dining scene, including what’s opening and closing. I’m very excited that Chengdu Gourmet is opening a location in the North Hills, an area that is sorely lacking in mom-and-pop restaurants.


    Retirement

    Should you keep Medicare if you move overseas? Spoiler: Almost always.

    Articles about the best places to live overseas are fine, but I’ve always preferred them when they dig into the numbers. Ever think of ditching the cold and moving to Antigua? Here’s a family that did it and exactly how much they’re spending.


    Investing

    If you follow me on LinkedIn, you’ll know I posted about this article earlier in the week. There are severe limitations to investing in I-bonds, including how much you can buy and how long you must hold them, but you can receive an attractive yield in the right situation. This article does a very nice job of explaining the pros and cons.

    Own Vanguard funds? They have released their estimated year-end distributions.


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

    • The 10-Year Treasury yield has increased by 1% or more fourteen times in the last 70 years – here’s how the stock market performed
    • My COVID-19 Travel Resource Guide for 2022
    • An incredibly valuable tool that will show you how to best use your points and miles to get the most out of travel
    • Are you using the Hopper app? You should be

    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.

     

     

    PathBridge Financial Newsletter – October 1st Edition

    Portugal

    The Path Ahead

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • One of the most important things you can do for the health of your retirement portfolio is rebalance now
    • Win the ex-pat life for a month in Portugal (pictured above), expenses paid – here’s how to apply
    • 10 life-changing world tours to add to your bucket list
    • Who wins? Chase Ultimate Rewards Vs. American Express Membership Rewards

    …and more!

    If you’re in Pittsburgh, I highly recommend a trip up to McConnell’s Mill State Park. Get there early and you’ll have the place almost to yourself. I shot this video last fall. 


    Fall is one of my favorite seasons as I enjoy weather where I can wear a henley without a coat, leaves start to change color, and I have an excuse to make chili – often. Here at PathBridge Financial, I am doing reviews with all ongoing financial planning clients and rebalancing portfolios. Not a client? It’s still a good time to review your goals, asset allocation, and financial progress over the last year.

    International travel has been put on hold for me, but I enjoy hearing travel stories from clients who are a bit more adventurous than myself. However, all is not lost as I have a Louisville, KY trip planned, which includes a day on the infamous bourbon trail. The perfect fall activity.

    I also will do my best to hit McConnell’s Mill State Park to catch some quality foliage. For everyone that lives in Pittsburgh, the park is about an hour north of the city. It’s a fantastic place to hike year-round, but it is elevated to another level of spectacular in the fall. Take a look at the video I shot last year above. You hike through a forest alongside a rapidly running stream while navigating huge rocks that look unworldly as multi-colored leaves rain down. There’s also a red, covered bridge you can drive/walk through that belongs on a postcard. I highly recommend the trip, and if you get there before 9-10 am, you’ll have the place mostly to yourself.

    Safe Travels,
    David


    Travel

    I’m sharing this next link under one condition. If you win, I’m coming to visit! International Living is looking for one lucky winner (or couple) to test out the ex-pat life in Portugal for a month. They will fly you there, pay for your accommodations, and give you “a generous expenses allowance.” The catch? You have to report back about your experience. It appears that much of your reporting back will involve some short videos. If you’re a natural in front of the camera and looking for an adventure, here’s the link. Good luck!

    Some of the exotic, “life-changing” trips featured in this article from Travel Curator: Around the World in 80 Days, Flavors of the World, and Wildlife of the World. There’s something for everyone in this eclectic list that will certainly stir your wanderlust and have you dreaming about what could be.

    I often find myself recommending one of the Chase Sapphire cards to clients, but this article is a reminder that one size doesn’t fit all.  Chase Ultimate Rewards vs. AmEx Membership Rewards – the winner? It depends.


    Retirement

    Here is a fantastic article from Morningstar on the importance of rebalancing your portfolio. It was written in March of 2020 when global pandemic fear was high among investors and stocks were trading near their lows. The timing was exceptional, and investors that followed the article’s advice were well-rewarded as they increased stock positions and then watched stock markets around the world rebound strongly.

    I will soon begin rebalancing portfolios for all ongoing clients, and doing it now may be just as important as it was in March of 2020. The dramatic returns of the U.S. stock market over the last year and a half have created overweight positions in equities, especially in U.S. large-cap technology stocks. When meeting with new clients, I repeatedly see portfolios dangerously overweight with large-cap technology holdings. Never forget – the market often drops much more quickly than it goes up, so now is not the time to disregard your desired asset allocation and risk tolerances. Now is the time to rebalance and diversify. 


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

    • The best fall foliage map I could find

    • The types of investments you should put in each account

    • 21 new direct flights from Pittsburgh

    • How to reduce your taxes by superfunding a 529 plan


    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.