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.

     

     

    The Uncommon Path – November 4th Edition

    Santorini Greece

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • 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

    …and more!


    Santorini Greece

    Santorini, Greece

    I’ve got a long list of places I’d like to visit in the next few years and Santorini, Greece is near the top. It’s hard to capture the island’s beauty in one picture, but this one does a pretty good job. I’ve been once before, and I’m ready to return.


    Last week I completed an article titled – “Three Ways to Reduce Your Pennsylvania State Taxes and Save More Money.” As important as it is to reduce federal taxes, don’t forget your state tax burden either. Pennsylvania has several tax quirks that can cost you money if you’re unaware of them.  

    If you haven’t rebalanced your portfolio lately, now’s a good time. U.S. stocks have performed well this year and your international and emerging market holdings may be underweight. It might seem like this outperformance will last forever, but snapbacks can be rapid and brutal.

    David


    Travel

    Uruguay is a South American country that doesn’t get a lot of publicity like it’s more famous neighbors, Argentina and Brazil. My knowledge of the country is next to zero, although I’m aware they have a competitive team at the World Cup every four years. This article on Uruguayan food caught my eye, describing it as South American staples with an Italian influence.  

    If you have an interest in flying and miles, JT Genter is a writer you must follow. In this recent article he gives us a timely reminder that while the worldwide pandemic has raged, airline miles have grown rapidly, and the airlines are sitting on a huge liability. Expect devaluations to come sooner rather than later. Here’s what to do about it before it happens.


    Retirement

    Another plug for my article – it’s worth a read if you’d like to save on Pennsylvania taxes when it comes to Roth conversions, the PA 529 program, and capital losses.

    I’ve scoured the internet to find an excellent financial planning year-end checklist and this one delivers. The quick read is worth your time as the end of the year nears, especially as some opportunities disappear as soon as the ball drops.  


    Investing

    The article on inflation in the last edition of the newsletter was a hit, so when I came across this inflation research by respected money managers O’Shaughnessy Asset Management, I knew I had to include it. Enjoy.


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

    • A list of the best performing investments during inflation
    • The reasons a Health Savings Account is so powerful
    • The travel search engine I’ve been looking for all my life
    • Pittsburgh’s role in the birth of bourbon and my adventures on the bourbon trail

    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.