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.

     

     

    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.

     

     

    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.