The Uncommon Path – March 3rd Edition

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

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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.