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

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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.