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.

     

     

    12 New Year’s Resolutions for Travelers in 2022

    Most New Year’s resolutions are unpleasant, painful, and hard to accomplish. For 2022, why not set some travel resolutions that you can embrace? Considering the state of travel the last two years, you deserve it!

    Travel has changed dramatically since the COVID pandemic began. First, it shut down almost completely, and then it came back in fits and spurts. And now, thanks to Omicron, 2022 looks uncertain.

    If we’ve learned anything as travelers, it’s that your next trip is never guaranteed. I don’t know when we will be traveling again, but consider these 12 New Year’s resolutions when it returns.

    1. Go somewhere you’ve never gone before

    Remember what made you love to travel in the first place?  New experiences, unique people, exotic cultures, and delicious food.

    Then you fell in love with a place and you find yourself there every year – becoming comfortable with the sameness. Get out of your comfort zone and go somewhere you’ve never been.

    2. Return to an old favorite 

    I know I just told you to try something new, but there’s also merit in returning to the scene of the crime. Do you love cruises but have been shut out since 2019? Maybe it’s a country you have missed terribly filled with loved ones and amazing memories. Think about how to do something you’ve done before, differently. You’ll be seeing it with new eyes.

    3. Knock off a bucket-list item

    Are there some big-ticket, pie-in-the-sky vacations you’ve dreamed about since you’ve been a little kid? Remember that “next trip is guaranteed to no one” thing I mentioned previously. Knowing what we now know about pandemics, health, life, etc. there is no better time to mark off one of your bucket-list items such as an African safari, a train journey across Canada, or a trip to Paris.

    4. Do something you might not be able to do in five years

    Our health is fragile. There are no guarantees that five years from now, you’ll be in the same physical shape you are in now. A permanent disability, or simply aging, can slow down the best of us. Have you always dreamed of hiking the Grand Canyon? Skiing the Canadian Rockies? Dominating the Indian Festival of Colors – Holi? Don’t wait.

    5. Volunteer in a place you visit

    Are you feeling a greater closeness with humanity? We’ve all been going through this pandemic together. What better time to show a little love to others? Spend part of your vacation supporting families that are less fortunate.  

    6. Do something exhilarating

    If you’re like me, part of your pandemic life has been watching inspirational documentaries on Netflix about mountain climbing, sailing around the world, and swimming with octopi. Besides receiving COVID test results, exhilaration has been in short supply for many people during the pandemic as couch-sitting time has increased.  Consider doing something exhilarating in 2022. Go bungy jumping off the Rio Grande Bridge, run with the bulls in Pamplona, or ride a roller coaster closer to home.

    7. Have the best meal of your life

    You don’t have to be a “foodie” to love food, and the best meal of your life doesn’t have to break the bank. Michelin-starred meals can be had for under $40. Some of the best food of my life was from street-side vendors in Asia.

    Consider having a meal with a local family. There are many organizations that will set this up depending on where you’re traveling. Enjoy a spread of family favorites made with love, that you’d never be able to find in a restaurant.

    8. Stop and enjoy the moment

    So much to see and so little time. I know, vacations can become a whirlwind of movement as you rush from site to site. If this describes you, consider slowing down and enjoying the moment.

    Read a novel set in San Francisco as you sit on a park bench and take in the city. Grab a drink at an outdoor table and watch the world go by. You don’t have to see everything a destination has to offer just to check it off a list. Travel like you’re going to return one day.

    9. Plan for travel in retirement

    Being a financial advisor, I had to slip this in. Depending on the study you read, 70-80% of people say they want to travel in retirement, but only about a third save for it. Make sure you budget for travel and save diligently. The alternative will be less than fulfilling.

    10. Travel slow

    Do you have a lot of vacation time built up? Consider traveling at a slower speed than normal. Spend a few extra days wherever you decide to go. Take the added time to embrace a city, instead of rushing to your next destination. Live more like a local where every moment isn’t scripted. If you have the ability to work remotely, your slow travel can reach another level entirely.

    11. Learn

    Take a cooking class, talk to locals, study a new language. Your vacation will gain more meaning and significance if you take the time to learn about your destination. Start before you go by reading a novel or watching a documentary to gain a greater understanding, and continue learning throughout your trip.

    12. Invite loved ones

    Traveling and spending time with loved ones were both casualties of COVID. So why not take out two birds with one stone? Traveling can be made even better when you have someone to share it with. Make 2022 the year of multi-generational cruises, road trips with old friends, and international getaways with your significant other.  


    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 – 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.

     

     

    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.

    The Uncommon Path – December 2nd Edition

    Lori and David Thanksgiving

    The Uncommon Path

    Plan Wisely | Retire Well | Travel on Your Terms


    In this issue…
    • 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

    …and more!


    Lori and David Thanksgiving

    I hope everyone had a fantastic Thanksgiving. The pic above is Lori and I preparing for our airplane adventure. More to come next week about our trip to Oklahoma. 

    Just when the coast looked clear for 2022 to be a year filled with long-delayed travel, Omicron decides to ruin the party. It’s too early to tell whether this will be a slight hiccup on our way through this pandemic, or something more serious.

    The stock market certainly wasn’t a fan of the news about a new variant as companies with economic sensitivity dropped this week. However, to keep it in perspective the S&P 500 is only down 4% from its highs as I write this. 

    Safe Travels,

    David


    Travel

    Now, more than ever, travel information is crucial when planning a trip and while you’re traveling. I couldn’t find a good resource that compiled all of this information, so I created one. I just completed an update: Coronavirus Travel Advice – a Resource Guide for 2022.

    If you’ve ever wondered how to best use your points or miles, Nerdwallet has put together an extremely useful tool that will show you exactly what to do. Should you transfer your points to another airline for the best deal? Which airline has the most attractive rewards chart for your destination? I highly recommend you check out this valuable resource.  

    Are you using the Hopper app? If not, you should be. I’m always on the lookout for new websites or apps to reduce the cost of travel and I’m surprised at how often Hopper has the best flight/hotel prices. The app will also alert you if it thinks prices will decline or if you should buy right away. 


    Retirement

    Greece – the food, the history, the weather, and that Mediterranean lifestyle. What’s not to like? Have you considered Corfu or Crete? Maybe you should? Here’s an article that highlights the benefits of both locations. 

    If you’re a connoisseur of retirement books like me, you’ll appreciate this fantastic “best of” list put together by retirement expert Fritz Gilbert.  


    Investing

    The 10-Year Treasury yield has increased by 1% or more fourteen times since 1950. Here’s how the stock market performed.


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

    • 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

    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.

     

     

    COVID-19 Travel Advice – a Resource Guide for 2022

    2022 Travel Resource Guide

    Travel as we once knew it is slowly coming back, but the timeline for a return to normal is uncertain. Humans are curious creatures filled with wanderlust, and the desire to travel remains, even if normal is a ways off. 

    I created a resource guide last year and this is an updated version for 2022 for when you feel ready to dip your toe back in the water. Safe travels!

    Travel Advisories

    Type in your destination, and you’ll receive travel advisories issued by the U.S. government. There’s a ton of additional information as well, covering each country’s visa requirements, local laws, and the quality of their health care.(Travel.State.Gov)

    Want a second opinion? If one travel advisory is not enough, the Australian government provides them as well.(Smartraveller.Gov.Au)

    The oneworld Alliance has a journey search tool that will provide you with information on your flight, COVID restrictions, and airport lounge availability. (oneworld Alliance)

     Mona Lisa wears a mask to protect her health

    Health

    Where are you going? Type in your answer and the CDC provides you with detailed health-related information, including recommended vaccines and if there are any health notices. (Traveler’s Health – CDC)

    Everything you could ever want to know about COVID-19 and other diseases. The CDC website also includes important food safety alerts. (CDC)

    The CDC covers coronavirus and travel in the U.S. (Coronavirus and Travel in the United States – CDC)

    Coronavirus news, advice, and country-specific information delivered by the WHO. (World Health Organization)

    A wealth of information, including best practices to avoid coronavirus and a self-assessment tool to see if you should get a COVID-19 test. (Mayo Clinic)

    A helpful resource if you are concerned about taking a trip and would like to know what the travel industry is doing to protect travelers. (U.S. Travel Association)

     A blue, rustic open sign

    What’s Open?

    A self-explanatory guide that is continuously updated by the New York Times. (The New York Times – Summary of States That Are Open (Paid))

    If you’re planning a trip to a national park, this is the website for you – a list of openings, closures, and alerts. (National Park Service)

    A list of over 800 tourist attractions around the world. Information includes the attraction’s current status, opening date (if known), and the safety measures that are in place. (Tourist Attractions)

    Money

    Enter your destination and currency to find the cost of everyday items. You can search by city or country. Prices on meals, hotels, taxis, and coffee! A pint of beer is going to cost me $1.47 in Botswana. How did I know? Numbeo! (Numbeo)

    Detailed currency exchange, so you know how much your trip is going to set you back. (Oanda)

    Insurance

    In the age of coronavirus, you may feel the need to insure every aspect of your trip. Don’t do it! Try to dispassionately determine your needs and find a policy that will cover losses that would be a significant burden if they occurred.

    Research insurance plans, get quotes, and compare reviews.(Insuremytrip)

    This is an outstanding article reviewing travel insurance providers by the respected website – The Points Guy. (The Points Guy – “The best travel insurance policies and providers.”)

    If you’re leaving the U.S. and you have Medicare, you are only covered for emergencies in very limited situations. Check out this government site for details on Medigap for additional coverage. (Medicare) 

    Getting from Point A to Point B

    Detailed information to help you get between any two places, and includes subways as well. The site has a fantastic Covid-19 resource and gives you links to local government websites where you are traveling. (Google Maps)

    Their tagline – “Discover how to get anywhere by plane, train, bus, ferry & car.” It lives up to its name and can be used alone or in conjunction with Google Maps to compare results. (Rome2Rio)

     A photographer takes a picture outside a maroon train

    Trains

    The Man in Seat Sixty-One is, well…the Man! A fantastic resource for train travel around the world put together by train-enthusiast Mark Smith. (Seat61)

    Trains, buses, flights, and ferries. Omio will provide you with a transportation schedule in the U.S., Canada, and Europe. Additional locations will be added in the future. (Omio)

    Airlines

    Kayak is my go-to travel search engine for flights. It is amazingly flexible and simple to use. (Kayak)

    If you book a long flight without consulting SeatGuru first, you’re begging to sit in a seat that doesn’t recline near the bathroom. SeatGuru highlights the best and worst seats on each flight. Find the right seat in coach, and it will feel like you’re in first-class – sort of. (SeatGuru)

    Credit Cards

    The Points Guy has your back with this discussion of the best travel credit cards. Each situation is different, but after reading this article, you should have a good idea of what makes sense for you. (The Points Guy – Review of Travel Credit Cards)

    A traveler holds up a phone to take a picture on a crowded Turkish street

    International Phone Plans

    A thorough guide to U.S. phone operators and their international plans. All cell phone carriers are not created equal when it comes to international options and pricing. (Reviews.org – Best International Cell Phone Plans)

    Travel Expedited

    Are you looking forward to standing in line with a mass of humanity for hours at a time?

    Answer before coronavirus: “No!”

    Answer after coronavirus: “Hell, no!”

    Leave the long airport security lines for those poor saps without TSA Precheck. Keep your shoes on, leave the liquids in your bag, and prepare for stares of absolute envy – nirvana! (TSA Precheck)

    Speed through customs and avoid the lines when returning to the U.S. (Global Entry)

    You’re not getting anywhere quickly without your passport – a list of U.S. Embassies, Consulates, and Diplomatic Missions by country. (US Embassy)

    Hotels

    Hotels, things to do, restaurants, forums – TripAdvisor has it all. Are some of the reviews fake? Unfortunately, yes, but it is still my favorite place to find hotels. Gravitate toward the hotels with hundreds of enthusiastic reviews and a score of 4.5 or above, and you won’t go wrong. (TripAdvisor)

    Frommers’ top-ranked hotel aggregator/search engine for 2020, and lauded for its ability to find the best rate. (HotelsCombined)

    Places to stay and experiences. A good option for travelers looking for lodging a little out of the ordinary or potentially less expensive than traditional hotels. Fees can add up, however, so keep an eye on them. (Airbnb)

    Restaurants

    I use TripAdvisor for restaurants in the same way I use it for hotels. It rarely disappoints. (TripAdvisor)

    Travel Guides

    On my first trip to Europe twenty years ago, I used a dog-eared copy of a Rick Steves’ book to find my way. I always appreciate the candor in his guides. His website has a ton of great information, including helpful forums. (Rick Steves)

    A crowdsourced travel guide that covers a vast number of destinations around the globe. (Wikitravel)

    Kids

    “See the world through children’s eyes.” A resource for children that includes interesting information about things only a kid would ask, such as “What is the name of the bird on the Guatemala flag?” (Kids-World-Travel-Guide)

     Lightning strikes in the distance of a city at night

    Weather

    If you want to know the average temperatures and rainfall for your destination, this is the website to visit. It’s difficult to pack light if you don’t know what to expect on your travels. (The Weather Channel)

    Cruises

    Are cruises dead? I don’t believe it. They will be popular once again, but it might take some time. A website that combines a cruise search engine, reviews, and hundreds of articles in one place – not too shabby! (cruisecritic)

    Tours

    Type in your destination and viator will display a list of possible tours. Select categories to refine your search even further. Each tour has a rating and reviews. When you’re done with your search, book directly through the site. (Viator)

    TripAdvisor owns Viator but is another good source for tour information and reviews. (TripAdvisor)


    Enjoy what you just read? If so, you can subscribe to my newsletter below. You’ll also receive a PDF that shows you exactly what a comprehensive retirement plan for travelers looks like. Thanks for reading!

     

     
     
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    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.

     

     

    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.