The Path Ahead
Plan Wisely | Retire Well | Travel on Your Terms
- 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
Mont-Saint-Michel – designated a UNESCO World Heritage site in 1979. This French, part-time island is equal parts medieval fortress, architectural oddity, and natural wonder. I’ve been intrigued for decades, and hopefully, I’ll be here next spring if all goes well.
…welcome to the long-delayed PathBridge Financial newsletter. Titled – The Path Ahead!
I know what you’re thinking – “Why should I care?”
My goal is a twice-a-month newsletter that is equal parts entertaining and informative. I’ll cover travel, retirement, investing, personal finance, and news about me and the firm. The newsletter will contain original content and I’ll share the best books, articles, videos, podcasts, and more that I come across.
Please let me know if there’s anything you like, dislike, or want to see in the future. All feedback is appreciated. Thank you for your time.
Parts of the country are already entering peak foliage season. Here’s a link to the best map I’ve found on the internet. It allows you to change the date to see when peak season will be near you.
COVID sucks, but – “The pandemic did not quench the thirst for air travel.” New, direct flights were added nationwide as airlines moved away (at least temporarily) from their hub-and-spoke system. Pittsburgh added 21 new routes, and this map shows you each one. I hope this is a change that has staying power.
I always take notice when another financial advisor talks about travel, especially when it’s one as respected as Benjamin Brandt. His podcast – Retirement Starts Today Radio – has a new episode out on Bucket Lists. It covers how to budget for a trip and how to focus on experiences you value. The podcast is a breezy 25 minutes.
When it comes to funding a 529 Plan to save on taxes, go big and go early! There is an option to superfund 529 plans where a couple can deposit up to $150,000 at one time. Do this early on and you’ll have many years of tax-free growth. Another benefit is certain states don’t tax contributions. For example, Pennsylvanians will avoid the 3.07% state tax. Here’s a brief overview.
One of the most common questions I get from clients is – “What type of investments should go into my different retirement accounts?” Determining what type of account should hold different asset classes is a balancing act between tax efficiency, expected return, and holding period. Below is the asset location “Smile” as created by Michael Kitces. And here is an in-depth article on everything you need to think about when making this critical decision.
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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.