Do I Need Travel Insurance?

Travel Insurance - A hand holding a bubble with a plane and suitcase in it

There’s an old saying – “Never ask a barber if you need a haircut.” The same can be said for travel insurance. If you’re asking the person who’s going to be making money on the sale, the answer will always be yes.

Do you need travel insurance? Like most things in life, it depends. However, I’m going to help you decide for yourself.

Types of Insurance

While necessary, insurance can be a little dry. Please bear with me as I run through the most common types of travel insurance – warning, you are about to enter a no-humor zone.

Trip cancellation/interruption insurance covers non-refundable expenses associated with a trip being canceled or interrupted. It is normally the most expensive portion of the overall travel insurance package. If you’re buying a la cart, it can be multiples of the other types of insurance.  

Emergency medical covers emergency health care expenses while you’re traveling.

Medical evacuation insurance will cover the cost of evacuating you to a decent medical facility, and possibly home.

Travel accident insurance will cover you if you’re unlucky enough to experience death or dismemberment due to an accident.

Baggage protection covers the cost of your luggage and its contents if lost, stolen, or damaged. It will also reimburse you for essential items you may have to buy if your baggage is delayed.

Trip delay insurance covers the necessary expenses you may encounter if events out of your control cause your travel to be delayed. It will cover expenses such as accommodation, meals, and transportation.

Comprehensive travel insurance is coverage that wraps all, or nearly all, of these individual types of insurance together.

Cancel for Any Reason (CFAR) insurance is a supplemental option that can be added to a travel insurance policy. In the age of COVID-19, the merits of CFAR have become a popular discussion. CFAR will add about 40-60% to the cost of comprehensive travel insurance and will cover approximately 50-75% of the trip if used.

What Travel Insurance Do You Need?

There are financial risks and health risks to consider when buying travel insurance. Although the risk of losing money should be a concern, the risk of a medical emergency is paramount.

Health Risk

Emergency medical insurance is unquestionably the most crucial insurance to obtain for a trip as you’re not just exposed to a financial loss, but you may be putting your health at risk. If you have health care insurance, carefully read through the policy to see if you are covered, or call the insurance company and talk to a representative. If you’re not covered, emergency medical is critical. It also tends to be relatively inexpensive.

A remote cabin, surrounded by mountains

Medical evacuation insurance can be equally important. The more remote your vacation spot, the more crucial thisinsurance can be. You should also take into consideration the quality of medical care in the locations you’re going to visit. Medical evacuation insurance is often inexpensive and is highly recommended because, again, it’s your health that is at risk without it.

Financial Risk

Travel insurance prices vary greatly and often range from 4-12% of the cost of a trip – not an insignificant number. How do you determine if you should splurge for the protection? Ask yourself these questions.

Am I already covered under existing insurance policies?

Check your health care insurance first. Make sure your policy will cover you based on your location and the duration of your trip. Many policies will only cover you for 60 days if you’re traveling outside of the U.S.

Homeowners/renters insurance will often cover your valuables while you are traveling. Check your policy for coverage limits while away from home.

Do I have a credit card that will cover me when traveling?

If you have a credit card specifically designed for travelers, it will likely have some level of travel insurance. The good ones will cover nearly everything.

For example, the Chase Sapphire Reserve card will cover you in the following scenarios: trip cancellation/interruption, baggage delay, trip delay, lost luggage, accidental death, emergency evacuation, and emergency medical and dental.

If you don’t have a credit card that offers these protections, consider snapping one up. They offer other valuable perks for travelers as well, such as airport lounge access, generous mileage rewards, and travel credit.  

How often have I had to cancel a trip in the past?

Take an honest look at your travel history. How many trips have you had to cancel on short notice? Is it something that happens frequently? Or never at all?

Risk - a tan shoe about to step on a banana peel

I have been traveling extensively for over 25 years. A normal (non-pandemic) year averages three to four trips. I can think of only two or three trips during that time that I’ve had to cancel.

The more often you’ve canceled trips in the past, the more attractive travel insurance might be. If you’ve canceled very few trips in the past, the less travel insurance makes sense…

Are there reasons I might have to cancel this trip?

…unless you have reasons to believe circumstances have changed. A complicated life filled with a demanding job, and people that depend on you can make travel insurance more attractive.

Do you have loved ones that are elderly or in poor health? Do you have small children who have a sniffle after every birthday party they attend? Travel insurance starts to look more attractive if there is a higher likelihood that an event will arise and force you to alter your plans.

There are no guarantees that you’ll never have to cancel a vacation if you’re living a life with few potential conflicts, but you’re playing a game of percentages.

Is this an expensive, once-in-lifetime trip?

Are you embarking on an around-the-word, retirement cruise? Or did you grab a super-saver fare for the weekend to do some hiking a few states away? The more expensive your vacation, in relationship to your financial means, the more important travel insurance will be.

Am I losing sleep?

Travel is supposed to be fun. If you’re worrying, it is not. Throw out everything you read in this article if you will lose sleep without comprehensive travel insurance. Buy it and sleep well.

Only Cover What You Will Actually Lose

Many travel expenses will be refunded to you, whether you have travel insurance or not. Thanks to recent changes, airline tickets can often be rebooked for free. Hotel stays can generally be canceled without penalty.

Always pay attention to the cancellation policy of any pre-paid travel expense. There is often a substantial difference between the total price of a trip and the amount you might lose if you have to cancel.

Do the Math

Let’s say you have a vacation scheduled where you will lose $10,000 if it is canceled. A comprehensive insurance policy will cost you $1,000. Dividing $1,000 by $10,000 results in 10%. If you believe you have less than a 10% chance of canceling your trip, you should decline travel insurance as you will come out ahead over time.

This comes with a lot of caveats, however. The calculation above is rough and does not include deductibles. Also, it is impossible to calculate the odds of a canceled trip precisely.

Make sure you can financially afford the loss if the vacation does get canceled. Do you have an emergency fund that covers 3-6 months of your daily expenses? You should. Will your losses only be a small percentage of this fund?

If you will be financially crippled by a canceled vacation, then buying insurance is a smart move regardless of the odds. If the loss will be a small hit to your overall financial wellbeing, consider not purchasing insurance and self-insure the trip.

COVID-19

The recent pandemic sweeping the globe has even skeptical travelers reconsidering travel insurance. If this is you, double-check to make sure any policy you purchase covers COVID-19. And also, make sure you understand the situations in which it will cover you. Some policies only cover you if you are infected with the disease, not if an area you are traveling to becomes a hotspot, and you decide not to go. A better option might be to book everything on a refundable/exchangeable basis until things normalize.

CFAR is an alternative for skittish travelers who have high non-refundable expenses. Just keep in mind the substantial cost and limitations. It will only cover 50-75% of your losses, and there are constraints as to when it must be purchased and how soon before a trip it can be used. The Points Guy has a good article that describes the coverage in detail.

Summary

When booking a vacation, don’t immediately run out and buy comprehensive travel insurance. Carefully calculate the non-refundable portion of your vacation, analyze your current insurance policies for coverage, and consider self-insuring the financial parts of your exposure.

Above all else, a vacation is supposed to be fun and refreshing. If not buying a travel insurance policy is keeping you from enjoying your hard-earned time off, throw out all of the calculations, and buy a policy that will help you sleep like a baby.   

Baby sleeping

 


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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.

    Retirement Planning for People Who Love to Travel

    A scale balancing a globe on one side and a stack of money on the other side - perfect to illustrate retirement planning for travelers

    What is PathBridge Financial?

    I am a financial advisor who is not going to be a perfect fit for every person seeking guidance. 

    Why? Because PathBridge Financial was designed for a very particular type of client. I developed a firm for people nearing retirement (or retired already), and who love to travel. 

    So what in the world does that look like?  

    B.P.F. – Before PathBridge Financial

    When I left my last job at one of those large, unnamed financial institutions, I had a decision to make. (Actually, the institution appears on my LinkedIn bio, but I thought “unnamed” financial institution added some mystery.)

    The easy path – find a position at another firm and resume my career doing the same thing. I am not someone who hates the corporate world. And I certainly was not the bitter, angry dude who sits in a cubicle all day badmouthing management while frequently shooting glances at a retirement countdown clock. Digital clock with a picture of a lounge chair on a beach that says Countdown to My Retirement

    I worked with a great group of people, and I thought we were adding real value to our clients’ lives. I enjoyed the work, and I was happy to go into the office each day. Sure there was some mind-numbing bureaucracy, but there were also some phenomenal benefits! Oh, how I miss employer-sponsored health care!

    The harder path was starting a firm from scratch. Where do I begin? What if I fail?  What do I do when my computer freezes up 20 minutes before a client Zoom meeting, and there’s no tech-support line to call? Questions I’ve had to answer.

    Eventually, I embraced the challenge of starting a firm of my own.  Computer issues be damned!

    Helping Others

    The idea of helping clients with the financial part of their lives excited me. I won’t go through my entire bio (you can find it here), but I’ve had a long career in the finance world, and I’ve picked up some valuable knowledge along the way. I wanted to share this hard-earned insight and make a difference in the lives of people looking for help.

    The investment and financial planning world is complex and can be challenging to navigate when it’s not your full-time job. But ignoring it is not an option. I’ve seen the change that comprehensive financial planning can make in people’s lives, and it can be monumental.

    Why Focus on Retirement?

    The 10-15 years before retirement are crucial to your financial future. Salaries tend to peak, images of life in retirement start to come into focus, and there’s still time to make meaningful changes, although it’s running out quickly. You’re not alone if you’ve recently woken up in a cold sweat and asked yourself, “Do I have enough money to retire?”

    Each one of us goes through a similar process when preparing for retirement, and by working exclusively with clients at this stage of life, I can deliver customized solutions. As in medicine, would you rather work with a generalist or a specialist?

    People Who Love to Travel

    Traveling adds another dimension to retirement planning. Expenses often jump in the two to three years after retirement as bucket list items are crossed off. Failing to plan for these expenses will lead to a budget shortfall and can damage retirement and travel dreams.Retirement traveler searches for a place to travel. Blue world map covered with a passport, camera, magnifying glass, and a bottle of wine.

    Health insurance, including Medicare, is a minefield for travelers. Many policies will not cover you overseas, and those that do often won’t protect you past 60 days.

    Additional areas of financial planning important to travelers are obtaining the right credit card and buying travel insurance. The right credit card can offer extremely valuable perks such as generous sign-up bonuses, complimentary checked-bag fees, and airport lounge access. The right card may also include travel insurance, which can often allow you to skip the expense of buying a separate policy.

    I have experience working through these issues with clients, and as an avid traveler, I’ve tackled many personally. Again, would you like to work with a generalist or specialist?

    Small Firm

    PathBridge Financial is a small firm. Is this good or bad? It depends on what you’re looking for.

    Some people feel all warm and fuzzy when they enter the wood-paneled offices of a multi-billion dollar banking institution such as Wells Fargo. A firm with an army of financial specialists at their disposal and tremendous resources.

    Unfortunately, you also can be exposed to less than ideal practices. I’m not pointing the finger at any one bad actor. But I have worked in the industry long enough to witness less-than-ideal practices at several firms.

    At large institutions, unless you’re a client with tens of millions of dollars, your account can be passed around to junior advisors with little experience. There is often pressure for advisors to invest client money in company-run products, regardless of whether they are the best alternative.

    Large, public companies are also under pressure from shareholders to maximize earnings each quarter. Questionable revenue-generating activities can be the unfortunate result. 

    On the other end of the spectrum are small firms. Regrettably, I have no wood-paneling. I also don’t have an army of financial specialists sitting in offices down the hall. I do, however, have an outside network of specialists who can help when their expertise is needed.

    I can guarantee that your financial plan and portfolio will be customized using products that are best suited for your situation. There are no proprietary products to be pushed here.

    When you call PathBridge Financial, you’re going to talk to me. And I’m never going to pass your account off to a junior associate because I’m leaving for another firm. There’s also a succession plan in place just in case I’m run down by the proverbial bus.

    Did I skew the benefits of working with a small firm a little in my favor? Hell, yes! I’m slightly biassed, and that’s why I started a small firm instead of going to work for another large institution. There is no right or wrong answer. This is a very personal decision, so do your homework and decide what’s best for you.

    Fee-Only

    There are many ways a firm can be paid for financial advice. Fee-only firms do not earn commissions on the products they sell and are compensated exclusively by clients. This fee structure reduces the likelihood of a conflict of interest arising and your hard-earned money going into a high-commission product sold to you so your advisor can afford a Christmas cruise.

    PathBridge Financial is, and always will be, a fee-only firm. I have also never been on a Christmas cruise. For more on the benefits of a fee-only advisor, please see the following article at smartasset.com: “What Is a Fee-Only Financial Planner?”

    Me

    I’d love to say that I’m the outgoing life of the party – the type of advisor that will enter a room of 100 and leave a half-hour later with 50 new friends. I am not. I’m an introvert. I prefer small groups as compared to a packed room, so networking is not my strongest attribute.

    All is not lost, however! Introverts are known as good listeners, analytical, observant, and trustworthy. Yes, I’d say that describes my 20 plus years in the financial industry.

    My financial planning style involves listening intently to client issues and carefully analyzing the data presented. Trustworthy? I have chosen to operate as a fiduciary because doing what’s in the best interest of my clients is non-negotiable.

    So, no, I will not walk out of that room with 50 new “friends”. But I might walk out of the room, having made a meaningful connection with one or two good people. And building meaningful connections is what being a financial advisor is all about.

    Humor

    If you are a regular reader of my blog, you’ve noticed I like to inject a little humor into my writing. The world of financial planning can get awfully dry sometimes. There’s no reason for this.

    I’m sure there are readers who roll their eyes when my attempt at humor falls flat, but if I can get a slight chuckle every so often, I’ve made financial planning more fun. I know when I find a topic fun, I am more likely to remember the material and implement the information into my own life. Most people react in the same way.

    Investments

    The investment knowledge of financial advisors can range from very little to expert level. Some advisors will contract the investment portion of their business to a third party. There’s nothing wrong with this, and it’s the right thing to do in situations where the advisor’s investment knowledge is lacking.

    I am on the other side of the spectrum. I have spent a good portion of my financial career analyzing and managing investments. I am a CFA® Charterholder, in addition to a CFP® Professional, a distinction only a small percentage of financial advisors can claim.

    I manage globally diversified portfolios with the goal of keeping fees as low as possible while monitoring performance. Tax efficiency is a focus, and investments are chosen based on a long-term time horizon.

    Summary

    PathBridge Financial is not for everyone. However, if you’re looking for a small firm that specializes in helping clients prepare for retirement with a focus on minimizing taxes, reducing fees, and personalized service with a touch of humor, you’re in the right place. If the idea of working with a fee-only, fiduciary with investment expertise, who takes pride in pro-active listening and in-depth analysis, you may have found a home.

    I decided to become a financial advisor to help people, so if any reader ever has a question or concern, big or small, please reach out. I’ll do my best to help. Financial/Retirement planning can be complicated and confusing, so if you decide you’d like an experienced guide to help you navigate the way – PathBridge Financial is here for you.


    If you’d like to see exactly what a comprehensive financial plan looks like that was specifically designed for travelers, please enter your information below. My promise to you, never any 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.

    Travel Insurance, Bridges That Breath Fire, and Medieval Wine Windows – Links

    Dragon bridge in Vietnam. The sky turns pink and purple in the distance, the dragon bridge in the foreground

    Retirement:

    Travel insurance for seniors – (Forbes)

    What kind of travel insurance is crucial in retirement? I’ve got you covered…my quote in Forbes.


    Try not to be pessimistic about retirement – (The Motley Fool)

    Your financial plan should allow you to sleep soundly. If not, it’s time to revisit your plan.


    Creating a retirement budget – (the balance)

    One of the most important steps in determining when you can retire is to put together a detailed retirement budget. If you’re a traveler, make sure to include those bucket-list items that can be significant.


    Housing

    What it’s like to buy a house in a pandemic – (Bankrate)

    If you’re one of the many Americans looking for a new home (my hand is raised), you will find this article interesting. Three families discuss their experience. 


    Travel

    I went on my first trip since the pandemic started and here is what it was like – (PBF Blog)

    My first trip since the pandemic started was just what I needed. My account of easing back into travel.


    Simply planning a trip can work wonders for your mental state – (Travel to Wellness)

    I knew it! So there’s a reason I enjoy planning a trip tremendously…science!


    Medieval ‘wine windows’ are reopening in Italy – (New York Post)

    When the world gives you lemons…spruce up your Medieval wine window.


    Considering the whole bridge theme here at PathBridge Financial, how come I’ve never heard of the Dragon Bridge in Danang, Vietnam? There are many ways to describe a bridge: scenic, powerful, tranquil, but firebreathing!?! Cap tip to Kara and Nate for introducing me to this water spitting, firebreathing structure.


    Off the beaten path in South America – (Travel Pulse)

    It may be because I had a Patagonia jacket when I was a little kid, but I’ve always been fascinated with the area.


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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. 

    Travel in the Age of Coronavirus

    travel road trip

    My First Trip

    I love to travel.

    2020 has not been kind.

    Our European vacation to Hungary, Slovakia, and Austria – canceled. The extended-family, once-in-a-lifetime cruise to Alaska – canceled. There are more, but you get where I’m going, and you didn’t come here to read about my sorrows.

    Lori and I had been staring at the same four walls since March, and it was time for a much-needed escape. As we pulled out of the garage, I heard the distinctive voice of Morgan Freeman, and the last three minutes of The Shawshank Redemption ran through my head.

    “I find I’m so excited I can barely sit still or hold a thought in my head. I think it’s the excitement only a free man can feel. A free man at the start of a long journey, whose conclusion is uncertain.” – Red

    Google Maps snapped me out of my daydream moment and directed me north to Ellicottville, New York.

    Ellicottville

    Ellicottville is a small town that is home to the Holiday Valley ski resort, and the village was coined “The Aspen of the East” by a travel writer over 60 years ago. Things have changed dramatically since then, at least in Aspen, which has turned into a hotspot for the rich and famous.  

    Ellicottville has managed to keep its small-town charm, even driving fast-food restaurants to the edge of town, which leaves the downtown area picturesque. The local Tim Hortons is evidence that there is a steady flow of Canadians during non-pandemic times. Due to health insurance issues and border difficulties, our neighbors to the north were absent in large numbers.

    During the summer, Ellicottville is quiet. During a pandemic in the middle of the week, it’s very quiet. But this is precisely what we had in mind.

    Mountain Coaster

    We had several goals for our first trip of 2020 – travel by car, avoid crowds, hike extensively, and ride a mountain coaster. I know what you’re thinking – “What the heck is a mountain coaster?”

    It did not disappoint. Lori was a skeptic, but after careening down the steep track, screaming along the way, she demanded another ride. Who was I to argue?

    The exciting thing about a mountain coaster is that you have a brake, so you feel partly in control. If you’re concerned about your speed heading into a sharp turn, you can tap the brake. However, it also plays with your pride. I’ll be damned if I’m going to slow down and have some thirteen-year-old kid tailing me and wishing the old man would just get out of the way, go home, and take a nap – so full-throttle was the only answer.

    After a mountain coaster ride, you find yourself at the bottom of the hill with a wide grin. Our second ride could have easily led to a third, fourth, etc. But we had a full day planned. 

    Hiking

    State forests are everywhere in this part of New York, and they are filled with hiking trails. Highlights included Little Rock City Trail, where the star of the show is, believe it or not, rocks! The trail is certainly unique and worth a visit. 

    Travel David Little Rock City Trail Little Rock City Trail Little Rock City Trail Lori

     

     

     

     

     

     

     

     

     

     

     

    The path to Bridal Falls is less than a quarter-mile, but the scenery is fantastic, especially if you are lucky enough to experience it alone. We had the peaceful falls to ourselves for at least 20 minutes. You can also hike along the river in either direction.

    Travel Bridal Falls

    Dining

    A long day of hiking can make me hangry, especially after Lori leads me up the side of a mountain for an hour straight. Not surprisingly, the Ellicottville dining scene was slow in the middle of the week during a pandemic.

    I love to travel to the world’s largest cities, where crowds energize me. However, what I would usually consider boringly slow and quiet, was perfect. There were just enough restaurants open, with outdoor dining to give us some variety. Wait times were nonexistent or minimal.

    I’m still somewhat paranoid about eating in restaurants. But given New York City’s early struggles with the coronavirus, most of the restaurants we visited in the state were taking precautions seriously. All employees wore masks, and tables were separated. It’s funny how eating a meal in a restaurant parking lot went from “You’ve got to be kidding me!” to “Best thing ever!” in a few months.

    Ellicottville Brewery stood out as there is a fantastic beer garden that is somewhere you’d want to have a meal and linger, whether during a pandemic or not. I tend to be a diner that prefers a delicious meal slapped on a paper plate in a rundown shack than a bland meal served with china, candlelight, and pretentiousness. But after four months of semi-lockdown, I’m gaining a new appreciation for ambiance. Combine a pint of rye barrel-aged beer, decent food, and a string of lights – I’ll be happy every time.

    The House

    A highlight of our trip was the amazing house Lori found through VRBO. It was probably more house than the two of us needed as it had three bedrooms and could sleep at least eight people, but the extra space was fantastic.

    I cried myself to sleep the night I found out our condo association was banning grills – the result of a neighbor melting the vinyl siding off the building. I even wrote a nicely worded letter to the board, but they took no pity on me. My grill now sits in the back of my garage, waiting to make a triumphant return sometime in the future. However, our house in Ellicottville had a glorious grill on the back porch that I used several times – just like riding a bike.

    David Travels to Man Grill Fantastic Porch Ellicottville

    As if one porch was not enough, there was another in front of the house. It was the classic, sprawling porch you see on many older homes. Perfect for rainy days, warm nights, and a morning coffee. Our house was on the main street leading into Ellicottville, so we were able to watch the world go by from our perch. There is something about a pandemic that makes you appreciate the well-designed outdoor space of a house.

    Wrap-Up

    I still don’t feel comfortable jumping on a plane, but I see it in my future. The day will come when I’m released from the confines of this pandemic and jetting off to exotic locations on a different continent to see, taste, and experience the world once again. I imagine it will be with even more excitement and intensity than usual, given current circumstances.

    However, I will always look back fondly on our Ellicottville trip. It will never be the bucket-list, destination of a lifetime, filled with exotic people, food, and languages, but it will forever be a great memory. It will always be the first trip we were able to take after the pandemic hit, and it will forever remain exactly what we needed at the time.

    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. This summer he can be found manning the nearest grill, at least when there’s not a mountain coaster nearby. 

    Retirement Spending and How Much Uber Drivers Make in Your City – Links

    Forest PathBridge

    Retirement:

    Spending before and after retirement can be filled with apprehension. However, the best way to relieve yourself of this dread is to plan ahead and know what is likely to be important and what isn’t. If there was only someone who could help you with this stuff…hmm. (Shameless plug.)  


    What you should and shouldn’t spend money on in retirement – (next avenue)

    There is typically an initial three-to-five-year period of retirement “jubilation,” where many retirees overspend, often with more frequent travel as they start checking off their “bucket list” goals, Jenkin said. That’s usually followed by a longer period of “stabilization” — when spending normalizes for the next decade or so. Jenkin calls the last spending period the “five-mile radius,” when older retirees mostly stay closer to home and their spending (except for health care) typically decreases.


    Expenses that go away in retirement – (Curtis Financial Planning)

    Ann felt fortunate about being able to retire at 60 after working 10-hour days for many years. However, as the date approached last year, she felt apprehension about ending her salary income. She knew that a portion of her daily spending while working was mostly for convenience, but she never took the time to figure out how much. 


    It’s never too early to start a Roth IRA even if you’re a teenager – (the free financial advisor)


    The Gig Economy

    How much do Uber drivers make in your city? – (Small Business Trends)

    If there is one company that symbolizes the gig economy, it is Uber. The issues the company has with its drivers and how much they make highlights the growing pains of the gig economy. Speaking of how much they make, a new report from Zippia looks at where in the U.S. Uber drivers make the most and least money.

    Author Kathy Morris says you can make a good wage in some cities, but in others, you will be better of working at McDonald’s. 


    Credit Cards

    January is a good time to review your credit card choices – (Frugal Travel Guy)

    I used to carry the Chase Sapphire Reserve card for dining and travel at 3X with a value in my mind of 1.5 cents per point. I recently product changed back down to the Sapphire Preferred card at 2X dining as I have enough cards with travel credits and at a net cost of $150 when you take away the $300 travel credit, I think I’m getting more out the Gold card.


    Travel

    January cold often gets me dreaming about the beach: the best places to stay in Seychelles – (Wild Junket)

    Empty beaches, spearmint blue water, pristine jungles and lost world islands: Seychelles really is a fabled paradise that lives up to its name. Picture-perfect beaches abound, backed by lush green hills, swaying palm trees and larger-than-life boulders. Centuries-old giant tortoises roam freely, while elegant birds fly overhead.

    To help you plan your perfect Seychelles itinerary, I am sharing my tips on where to stay in Seychelles and the best Seychelles hotels on each island.


    I’m not sure if this should go under investing, retirement, or travel – buying a home in Italy for $1 – (CNN)

    Bisaccia, a picturesque destination in Italy’s southern Campania region, is putting 90 dilapidated buildings on the market for one euro, joining other places across Italy trying to save dying communities by incentivizing people to move there.


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  •  

     

    Financial Advisor David Tuzzolino

     

    David Tuzzolino, CFA, CFP®, is a Pittsburgh, PA fee-only financial advisor. He 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 within 15 years of retirement.