Shows
Last PaycheckShould You Check Your Investment Portfolio Every Day?Watch on YouTube: https://youtu.be/v8eX8CjU3rc Should you be checking your investment portfolio every day? In this episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton explore anchoring bias and how focusing too much on your latest portfolio value can affect your financial decisions. Drawing on real-world examples, Rob and Archie explain why short-term market fluctuations don't tell the whole story, how anchoring to a specific portfolio milestone can lead to panic selling or unnecessary risk-taking, and why your long-term financial plan matters more than a daily b...
2026-10-2115 min
Last PaycheckFive Green Flags That Mean You're Ready to RetireWatch on YouTube: https://youtu.be/gl1R8dVrgfU Are you truly ready for retirement? In this episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton explore five green flags that signal you're on the right track for a successful retirement. Building on their discussion of retirement red flags, Rob and Archie share practical ways to prepare for life after work, from testing your retirement budget and creating tax flexibility to planning for healthcare costs and long-term care. They also discuss why your retirement plan shouldn't live in just one person's h...
2026-10-1417 min
Last Paycheck5 Signs You're Not Ready for RetirementWatch on YouTube: https://youtu.be/Hpco6XgXDmo Are you financially ready for retirement? Feeling ready to retire, or having a million dollars saved, doesn't necessarily mean your retirement plan is ready. CFP Professionals Rob Hoxton and Archie Hoxton break down five red flags that can signal you're not prepared to retire, including relying on everything going according to plan, retiring without a healthcare strategy, and not knowing where your retirement income will come from. They explain why rules of thumb and savings milestones can be misleading when planning for your specific retirement. R...
2026-10-0716 min
Last PaycheckHow to Financially Plan for Your PetWatch on YouTube: https://youtu.be/w_XOwHWcLno How much does it really cost to own a pet, and how should those expenses fit into your financial plan? CFP Professionals Rob Hoxton and Archie Hoxton explore the true cost of pet ownership, from food and grooming to routine veterinary care and unexpected medical expenses. They discuss how pet owners can budget for both predictable and surprise costs, especially as pets and their owners get older. Rob and Archie also compare pet insurance with self-insuring for veterinary expenses and discuss how pet care can f...
2026-09-3015 min
Last PaycheckTrump Accounts for Kids Explained | What Parents Need to KnowWatch on YouTube: https://youtu.be/W-Lc4SkhwuY What are Trump Accounts, and how could they help give your child a major financial head start? In this episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton break down the brand-new 530 Trump Accounts for children, including the $1,000 federal bonus available for eligible children born between 2025 and 2028. Rob and Archie explain how Trump Accounts work, who can contribute, contribution limits, the tax advantages, and how these accounts compare with 529 plans and UTMAs. They also explore the power of long-term investing and compounding, additional c...
2026-09-2317 min
Last PaycheckAre High Yield Savings Accounts Over-Hyped?Watch on YouTube: https://youtu.be/Ry3AXqpSCKA Are high-yield savings accounts over hyped, and how much cash should you actually keep? CFP Professionals Archie Hoxton and Jimmy Stuch explain how high-yield savings accounts work, why they've become so popular, and whether chasing the highest interest rate is really the best cash strategy. They discuss how much you should keep in an emergency fund and how factors like cash flow, lifestyle, and job stability can determine how much money you need in savings. Archie and Jimmy also explore the opportunity cost of holding t...
2026-09-1615 min
Last PaycheckInherited IRAs Explained What Heirs Need to KnowWatch on YouTube: https://youtu.be/Mnbagq1dHFg CFP Professionals Rob Hoxton and Archie Hoxton explore what heirs need to know when inheriting an IRA, including how recent changes from the SECURE Act have changed the rules. They break down the 10-year withdrawal rule for inherited IRAs and Roth IRAs and explain how those rules can impact the taxes beneficiaries ultimately pay. Rob and Archie also compare pre-tax, Roth, and taxable accounts from an inheritance perspective, highlighting how the assets you leave behind can affect your heirs. They discuss planning strategies like Roth conversions and t...
2026-09-0916 min
Last Paycheck5 Mistakes That Can Derail Your Financial IndependenceWatch on YouTube: https://youtu.be/JdBroq810Hs What are the biggest mistakes standing between you and financial independence? CFP Professionals Archie Hoxton and Rob Hoxton explore five common mistakes that can derail your progress toward financial independence, from taking on consumer debt to falling behind on retirement savings. They also discuss how lifestyle creep and early withdrawals from retirement accounts can create long-term setbacks. Archie and Rob share practical strategies for building a stronger financial foundation, including establishing an emergency fund, taking full advantage of employer retirement matches, automating contributions, and keeping s...
2026-08-2616 min
Last Paycheck2026 Mid-Year Market Update: S&P, Nasdaq, Dow and Economic ThemesWatch on YouTube: https://youtu.be/FtV7aafApuQ How are the markets really doing in 2026, and should investors be worried? CFP Professionals Archie Hoxton and Jimmy Sutch take a mid-year look at the markets and economy, breaking down what's happened so far and what it could mean for investors and retirees. They examine the performance of major indexes like the S&P 500, Nasdaq, and Dow, along with economic indicators including GDP and unemployment. Archie and Jimmy also discuss the forces shaping the market, from inflation and geopolitical uncertainty to oil supply and the r...
2026-08-1918 min
Last PaycheckWhat You Should Know About Your TaxesWatch on YouTube: https://youtu.be/2kYX-lRwF10 Do you really understand how your taxes work? CFP Professional Archie Hoxton and Client Service Associate Tyler Kittner break down the tax fundamentals everyone should understand, and how knowing the difference between deductions, credits, and different types of retirement accounts can make a meaningful difference in your financial plan. They explain the differences between personal and business deductions, how changes to the standard and itemized deductions can affect taxpayers, and what to know about SALT and charitable contribution limits. Archie and Tyler also explore strategies like...
2026-08-1216 min
Last Paycheck5 Tax Moves to Make Before Summer EndsWatch on YouTube: https://youtu.be/HC-opzQjVMk Don't wait until the end of the year to think about taxes! CFP Professionals Rob Hoxton and Archie Hoxton share five important tax planning moves you can make before the end of summer to strengthen your financial plan and avoid costly year-end surprises. They discuss maximizing retirement contributions, planning ahead for required minimum distributions (RMDs), and taking advantage of capital gains and tax-loss harvesting opportunities. Rob and Archie also explain how Health Savings Accounts (HSAs) and charitable giving strategies can help reduce your tax bill while s...
2026-08-0515 min
Last PaycheckThe Power of Cost Basis: Essential Tax Tips for Retirees and InvestorsWatch on YouTube: https://youtu.be/dE14NYW5uC4 In this episode of the Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton dive into the crucial topic of cost basis and its impact on your investment strategy. The conversation covers the fundamentals of cost basis, how it affects taxable brokerage accounts, and why careful management can create both opportunities and challenges for investors planning for retirement. Rob and Archie discuss strategies for tax loss harvesting, step-up in basis rules, and effective ways to utilize capital gains and losses for maximum tax efficiency. They also ex...
2026-07-2917 min
Last PaycheckHow Lack of Purpose Can Impact Your Retirement YearsWatch on YouTube: https://youtu.be/3X91dHUFqfU Do you have something to retire to? CFP Professionals Archie Hoxton and Rob Hoxton explore why having a purpose in retirement is just as important as having enough money. They discuss how the transition away from a career can affect your happiness, identity, and even your long-term financial security. Archie and Rob explain why retirees without a clear plan for their time are more likely to overspend, lose direction, or struggle with the emotional side of retirement. They also share practical ideas for creating a f...
2026-07-2217 min
Last PaycheckStop Overpaying: Tax Moves To Keep Money In Your PocketWatch on YouTube: https://youtu.be/sh2TAjNA_oI Taxes end up being your biggest lifetime expense. CFP Professionals Archie Hoxton and Rob Hoxton explore why smart tax planning is about more than filing a return each year—and how the decisions you make today can have a lasting impact on your retirement. They explain the difference between tax preparation and proactive tax planning, covering strategies like tax-loss harvesting, choosing between Roth and traditional retirement accounts, and placing investments in the most tax-efficient accounts. Archie and Rob also discuss when it makes sense to...
2026-07-0816 min
Last PaycheckAre Your Emotions Costing You Money?Watch on YouTube: https://youtu.be/nQAA5mnzou4 Are your emotions hurting your investment returns? CFP Professionals Archie Hoxton and and Jimmy Sutch explore why emotional investing is one of the biggest obstacles to long-term financial success. They discuss how fear, greed, and the fear of missing out can tempt investors to chase headlines, react to market swings, and abandon well-designed financial plans. Drawing on real-world examples and investor behavior research, the conversation highlights why consistency often outperforms market timing. Archie, Rob, and Jimmy explain the value of dollar-cost averaging, portfolio rebalancing, and a...
2026-07-0120 min
Last PaycheckHow to Build Wealth on Any IncomeWatch on YouTube: https://youtu.be/R1ph16eZ_Q4 Can you actually build wealth without a huge income? CFP Professionals Archie Hoxton and Jimmy Sutch challenge the idea that financial success is reserved for high earners. They explore how consistent saving, smart investing, and avoiding lifestyle inflation can help everyday people build lasting wealth over time. Drawing from real client experiences, Archie and Jimmy discuss the power of regular contributions to retirement accounts like 401(k)s, IRAs, and HSAs, along with the importance of managing debt and automating good financial habits. They a...
2026-06-2418 min
Last PaycheckInflation: The Silent Threat to Your Financial FutureWatch on YouTube: https://youtu.be/l0RkR4ExLz8 Is inflation quietly putting your retirement at risk? CFP Professionals Archie Hoxton and Jimmy Sutch explore how inflation affects everyday spending, long-term savings, and the retirement plans many people work decades to build. They explain why even modest inflation can have a significant impact over time—and why ignoring it can be a costly mistake. Archie and Jimmy break down the difference between healthy and harmful inflation, how rising prices erode purchasing power, and why retirees living on fixed incomes are especially vulnerable. They als...
2026-06-1717 min
Last PaycheckHow to Protect Yourself from Financial FraudWatch on YouTube: https://youtu.be/MzfJdZaXPTY Could your financial life withstand a scam, data breach, or identity theft attack? CFP Professionals Archie Hoxton and Rob Hoxton explore the growing risks of fraud in an increasingly digital world—and why protecting your personal information has become an essential part of financial planning. They discuss common threats like wire fraud, payroll scams, and identity theft, along with the tactics criminals use to create urgency and exploit trust. Archie and Rob also share practical steps to strengthen your defenses, including credit freezes, password managers, two-factor aut...
2026-06-1017 min
Last PaycheckRetirement Planning for Business Owners: What You Need to KnowWatch this episode on YouTube: https://youtu.be/m9EHfFpun-o What happens if your business becomes your entire retirement plan? CFP Professionals Archie Hoxton and Rob Hoxton explore the unique retirement challenges small business owners face and why relying too heavily on the future sale of a business can create significant financial risk. They discuss the importance of diversification, retirement savings options like SEP IRAs and Solo 401(k)s, and the critical role succession and exit planning play in building long-term financial security. Archie and Rob also examine how changing market conditions, private...
2026-06-0315 min
Last PaycheckThe Retirement Tax Traps No One Talks AboutWatch on YouTube: https://youtu.be/J03xhxXaj_s Do taxes actually get simpler in retirement? CFP Professionals Rob Hoxton and Archie Hoxton explore why tax planning can become even more complicated after you stop working—and the costly mistakes many retirees fail to anticipate. They break down key retirement tax challenges, including IRA withdrawals, required minimum distributions, the Social Security "tax torpedo," and how rising income can unexpectedly increase Medicare premiums through IRMAA. Rob and Archie also discuss proactive strategies like Roth conversions, qualified charitable distributions, and tax-efficient income planning to help ret...
2026-05-2717 min
Last PaycheckDownsizing Your Home for Retirement: What You Need to KnowWatch on YouTube: https://youtu.be/ACjrpoNi1Q8 What role should your home play in retirement? CFP Professionals Archie Hoxton and Jimmy Sutch explore the difficult housing decisions many retirees face—and how keeping, downsizing, selling, or renting can impact long-term financial security. They discuss the challenges of accessing home equity, the reality of downsizing in today's market, and how historically low mortgage rates have created "golden handcuffs" that keep many retirees financially stuck. Archie and Jimmy also break down the trade-offs between owning and renting, including flexibility, predictable expenses, and opportunities to put...
2026-05-2017 min
Last PaycheckEnjoy Retirement Without Running Out of Money: Essential Early Spending TipsWatch on YouTube: https://youtu.be/wouXHzbDYNI CFP professionals Rob Hoxton and Archie Hoxton discuss one of the most important financial challenges retirees face: managing spending in the early years of retirement. They explain why the excitement of newly earned freedom can lead many people to overspend, treating retirement like a finish line instead of the beginning of a long financial journey. Drawing from real client experiences, Rob and Archie break down how excessive spending early in retirement can create lasting pressure on a financial plan and limit future flexibility. The conversation covers the importance o...
2026-05-1317 min
Last PaycheckWhy Couples Must Share Financial ControlWatch on YouTube: https://youtu.be/5uVgNKwTa0g If something happened tomorrow… would your partner know what to do financially? CFP Professionals Archie Hoxton and Rob Hoxton explore why both partners need to be actively involved in managing their finances—and the risks of leaving it all to one person. They discuss the natural split of responsibilities in relationships, the importance of transparency, and simple ways couples can stay aligned. From shared visibility on accounts to tools like financial aggregators and regular "money dates," they outline practical steps to build confidence and avoid confu...
2026-05-0616 min
Last PaycheckYour First Year of Retirement: What to ExpectWatch on YouTube: https://youtu.be/ESx9i4upPtM What really happens in your first year of retirement? CFP Professionals Rob and Archie Hoxton break down one of the most important—and often overlooked—phases of retirement: the transition from earning to drawing income. They explore the key financial and emotional challenges new retirees face, from building a sustainable income plan to avoiding common mistakes like overspending or poorly timed withdrawals. The conversation covers taxes, investment decisions, and sequence of returns risk, along with how market volatility and unexpected expenses can impact your plan...
2026-04-2916 min
Last PaycheckThe Small Money Mistakes That Cost You BigWatch on YouTube: https://youtu.be/Qqd8i2zItBU CFP professional Archie Hoxton and Financial Advisor Jimmy Sutch unpack the small financial habits that can quietly derail long-term progress. They explore how everyday oversights, like disorganized accounts, unused subscriptions, and missed contribution opportunities, can add up over time. The conversation highlights common blind spots, including neglected retirement accounts, underutilized benefits like HSAs, and the importance of maintaining an emergency fund. Archie and Jimmy also discuss why keeping estate plans and beneficiary designations up to date is essential for protecting your financial future. With practical insights a...
2026-04-2218 min
Last PaycheckBuilding Your Retirement: The Dangers of Not Having a Clear PlanCFP professionals Rob Hoxton and Archie Hoxton explore the risks of taking an "I'll just figure it out" approach to retirement planning. They break down why a clear, intentional financial plan matters, highlighting real-world examples and common missteps that can arise when planning is put on autopilot. The conversation covers essential topics like setting realistic savings goals, making the most of different account types, and adjusting your investment strategy as retirement draws closer. Rob and Archie also address the emotional hurdles that often prevent people from confronting their financial reality, along with the potential for a "lifestyle c...
2026-04-1517 min
Last PaycheckIs Early Retirement Realistic? Pros, Cons, and Risks of the FIRE LifestyleThis episode on YouTube: https://youtu.be/VBQaA8ObwhU ☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation Get their book! Think Ahead: Ten Reasons Why You Need a Financial Planner by Rob Hoxton and Julia Connell - https://hoxtonpm.com/think-ahead-book/ Are you chasing FIRE… or is it chasing you? CFP Professionals Rob Hoxton and Archie Hoxton break down the reality behind...
2026-03-2517 min
Last PaycheckThe Real Drivers of Long-Term Investment SuccessThis episode on YouTube: https://youtu.be/xAsu_xyM3Bk ☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation Get their book! Think Ahead: Ten Reasons Why You Need a Financial Planner by Rob Hoxton and Julia Connell - https://hoxtonpm.com/think-ahead-book/ What really matters when it comes to investing? In this episode of the Last Paycheck Podcast, CFP Professionals Arc...
2026-03-1815 min
Last PaycheckWhen World Events Shake Markets, Should You Act?This episode on YouTube: https://youtu.be/DKs2SrUF2gY ☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation Get their book! Think Ahead: Ten Reasons Why You Need a Financial Planner by Rob Hoxton and Julia Connell - https://hoxtonpm.com/think-ahead-book/ Should you change your investment portfolio when a geopolitical crisis hits… or stay the course? CFP Professionals Rob and Archie Hoxt...
2026-03-0916 min
Last PaycheckRetirement Isn't An Age, It's A Cash Flow StrategyThis episode on YouTube: https://youtu.be/cirMNEjn9GM ☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation Get their book! Think Ahead: Ten Reasons Why You Need a Financial Planner by Rob Hoxton and Julia Connell - https://hoxtonpm.com/think-ahead-book/ Is 65 really the magic retirement number… or is that just a myth? CFP Professionals Rob and Archie Hoxton break down what ac...
2026-03-0416 min
Last PaycheckSaving for Children: How the Latest Account Options Stack UpThis episode on YouTube: https://youtu.be/RUsJToPMMRE ☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation Get their book! Think Ahead: Ten Reasons Why You Need a Financial Planner by Rob Hoxton and Julia Connell - https://hoxtonpm.com/think-ahead-book/ Is the new federal kids savings account a smart way to build long-term wealth? CFP Professionals Archie Hoxton and Financial Advisor...
2026-02-1817 min
Last PaycheckWhy "Playing It Safe" Can Hurt Your Retirement PlanThis episode on YouTube: https://youtu.be/aNNl7zB8R2A ☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation Get their book! Think Ahead: Ten Reasons Why You Need a Financial Planner by Rob Hoxton and Julia Connell - https://hoxtonpm.com/think-ahead-book/ Should you de-risk your portfolio—or is that actually riskier? CFP Professionals Archie Hoxton and Rob Hoxton tackle a que...
2026-02-1117 min
Last PaycheckRetiring Soon? Do These 5 Things FirstThis episode on YouTube: https://youtu.be/TAt1Ru377Xc ☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation Get their book! Think Ahead: Ten Reasons Why You Need a Financial Planner by Rob Hoxton and Julia Connell - https://hoxtonpm.com/think-ahead-book/ Five things to do before you retire! CFP professionals Rob Hoxton and Archie Hoxton walk through the 5 essential steps y...
2026-02-0416 min
Last PaycheckETFs vs. Mutual Funds - Which One Is Better for You?This episode on YouTube: https://youtu.be/UQhWNRKr-gc Get ready to finally understand the difference between mutual funds and ETFs. In this episode of the Last Paycheck Podcast, CFP Professionals Archie Hoxton and Rob Hoxton break down one of the most common investing questions they hear: what's the real difference between traditional mutual funds and exchange-traded funds (ETFs)? They walk through how mutual funds originally opened the door for everyday investors, explain the rise of low-cost index funds, and explore why ETFs have surged in popularity. They also unpack key concepts l...
2026-01-2814 min
Last PaycheckStock Market Fun Facts: What History Reveals About Consistent ReturnsThis episode on YouTube: https://youtu.be/CsfudwsWhjw Get ready to learn some fun facts about the stock market. In this episode of the Last Paycheck Podcast, CFP Professionals Archie Hoxton and Rob Hoxton discuss some potentially surprising facts about the stock market that they are pretty sure you don't yet know. Sourced from Goldman Sachs Investment Research, they share some of the long-term performance of the S&P 500, revealing what the average annual return has been since 1945. They discuss why nearly 80 percent of years have been historically positive for investors, a...
2026-01-1417 min
Last PaycheckAre You Ready for a Financial Advisor? Signs, Triggers, and What to ExpectDo you even need a financial advisor? If yes, how do you know when to start looking for one? In this episode of the Last Paycheck Podcast, CFP Professional Archie Hoxton and financial advisor Jimmy Such dive deep into the signs that you might be ready to work with a financial advisor. Your financial needs will evolve, and today Archie and Jimmy discuss some of the more complex times in your life that will signal that yes, you may need a professional to help you remain successful. From getting started in your career to grappling...
2025-12-2416 min
Last PaycheckHow Financial Decisions Compound Over Time and Impact Your RetirementDo really tiny choices today really affect your finances in a big way in the future? The answer is yes. Really, it's the butterfly effect, but for your finances. In this episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton dive deep into the far-reaching impact of financial decisions, both big and small, on your long-term wealth and lifestyle. They will discuss the concept of compounding, not just while investing, but in every single financial choice you make in your life. Think about the hidden costs or value added over time...
2025-12-1718 min
Last PaycheckHow Much Risk Are You Taking? Understanding Your Investment Portfolio RiskThis episode on YouTube: https://youtu.be/mI2Sl2gImcw In this episode of the Last Paycheck Podcast, CFP Professionals Archie Hoxton and Rob Hoxton dive deep into the topic of investment risk and why understanding your true risk tolerance is essential for long-term financial success. They break down the difference between how much risk you think you're comfortable with and how much you may actually be taking, providing practical tips to help you avoid unpleasant surprises when the market takes a downturn. The conversation explores the psychology behind investment decisions. They explain why losses t...
2025-12-1016 min
Last PaycheckWhat Is a Fiduciary? How to Choose the Right Financial Advisor for Your FutureDoes your financial planner also have to be a fiduciary? In this episode of the Last Paycheck Podcast, CFP Professionals Archie Hoxton and financial advisor Jimmy Such break down one of the most important topics in personal finance: finding a fiduciary financial advisor. They start by defining it, and then explaining why working with someone held to a fiduciary standard matters for your long-term financial wellbeing. Archie and Jimmy explore tricky topics like conflicts of interest, commission-based vs. fee-only compensation, and the differences between the fiduciary and suitability standards. If you're looking for a f...
2025-11-2518 min
Last PaycheckWhat is Revenge Saving - All You Need To KnowDid you revenge spend during the COVID pandemic and now you're revenge saving? Revenge saving isn't necessarily that much healthier for your finances. Today, we chat about it. CFP Professionals Archie Hoxton and Rob Hoxton dive into the ideas of "revenge spending" and "revenge saving"—two financial behaviors that surged in popularity after COVID-19 lockdowns. They explore how these emotional swings can disrupt your financial well-being, drawing parallels to common dieting habits. Archie and Rob break down the psychology behind these trends, share real-life examples, and offer practical strategies to maintain balance in your financial life...
2025-11-1916 min
Last PaycheckHow to Enjoy and Spend After a Lifetime of Saving for RetirementWhen do you start spending in retirement? And more importantly, how do you even begin? Many retirees face an unexpected challenge: shifting from being a meticulous saver to being a confident spender. On today's episode, CFP Professionals Rob Hoxton and Archie Hoxton discuss exactly how they can help you do just that. They explore why making the transition can feel so daunting, discussing habits formed over a lifetime, fears about market volatility, and the lingering anxiety of running out of money, even when sound planning shows otherwise. Rob and Archie offer practical advice...
2025-11-1216 min
Last PaycheckSocial Security and Medicare Changes: What the Latest 2026 Adjustments Mean for Your RetirementIn this episode of the Last Paycheck Podcast, CFP Professionals Archie Hoxton and Rob Hoxton break down the latest updates on Social Security's cost-of-living adjustment (COLA) and what it means for retirees. They explore how the COLA is calculated, why the numbers might surprise you, and how rising Medicare premiums and taxes can take a big bite out of those increases. Additionally, there could be a danger of becoming subject to taxes since the floor at which you become subject to the taxes has not been increased along with the benefit amount. The conversation highlights th...
2025-11-0518 min
Last PaycheckMaximize Your Retirement Income by Picking the Right StateDoesn't it always seem people move when they retire? It's not required, but it can be quite beneficial. In this episode of the Last Paycheck, CFP Professionals Rob Hoxton and Archie Hoxton explore what role your choice of state plays in shaping your retirement lifestyle. (This episode is about retiring in the USA, if you need an episode about retiring internationally, leave a comment below). With a focus on taxes, including state income, property, sales, and Social Security taxes, they break down how moving to different states can dramatically affect your retirement finances. The hosts dis...
2025-10-2917 min
Last PaycheckYou Could Be Missing Thousands! How to Find Your Lost 401(k)In this episode of The Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton tackle a major financial problem: forgotten 401(k) accounts. 🚨 💡 Did you know there are over 32 million lost 401(k)s worth nearly $2 trillion in unclaimed retirement savings? Rob and Archie explain why so many people leave old accounts behind, the hidden costs of doing nothing, and how you can track them down before it's too late. In this episode, you'll learn: ✅ Why 401(k)s get "lost" when you change jobs ✅ How to find old retirement accounts using federal databases ✅ Smart record...
2025-10-2216 min
Last PaycheckYear-End Tax Planning Tips You Can't Afford to Miss!As the year winds down, CFP Professionals Rob Hoxton and Archie Hoxton share essential year-end tax planning strategies to help you finish strong financially. 💰 In this episode of The Last Paycheck Podcast, Rob and Archie break down everything you need to know before December 31: - Required Minimum Distributions (RMDs) - Roth Conversions & Retirement Contributions - Capital Gains & Loss Harvesting - Smart Charitable Giving (DAFs & QCDs) - Maximizing FSAs & HSAs - Checking Your Beneficiary Designations 🎧 Listen now and get your free Year-End Tax Planning Calendar at https://hoxtonpm.com/worksheets/tax-st...
2025-10-1515 min
Last PaycheckGiving While Living: How to Build Your Legacy TodayCFP Professional Archie Hoxton and financial advisor Jimmy Sutch dive into the strategy of "giving while living"—sharing your wealth with loved ones or charities during your lifetime instead of waiting until after you've passed. They break down: ✅ The emotional fulfillment of seeing your generosity impact children, grandchildren, and causes you care about. ✅ How giving early can reduce family conflict later. ✅ Key financial benefits: annual gift exclusions, tax advantages of gifting appreciated assets, and smart charitable tools like donor-advised funds and qualified charitable distributions (QCDs). ✅ Pitfalls and important considerations before making major gifts. If you'r...
2025-10-0816 min
Last PaycheckHow To Build and Diversify Your PortfolioDon't miss their free Investment Alignment Worksheet to help you take the next step - https://hoxtonpm.com/worksheets/investment-alignment-worksheet/ CFP Professionals Rob and Archie Hoxton break down the fundamentals of building a strong investment portfolio. From stocks and bonds to money markets, and even a quick look at real estate, they explain the building blocks every investor should understand for long-term financial security. Answering subscriber questions, Archie and Rob cover: - The differences between stocks and bonds - How diversification strengthens your portfolio - U.S. vs. international allocations - C...
2025-10-0117 min
Last PaycheckHow To Handle a Bad Market At Every Stage of LifeIn this episode of The Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton unpack the realities of bear markets and how your response should shift depending on your stage of life. Whether you're just starting your career, halfway to retirement, or already enjoying your golden years, Rob and Archie break down: - How market downturns affect your investments and financial plan - Why younger investors can see bear markets as rare buying opportunities - Smart strategies for pre-retirees: boosting cash reserves, funding emergencies, and building a scalable lifestyle - The importance of...
2025-09-2416 min
Last PaycheckShould You Downsize in Retirement? What To Do and What NOT To DoShould you downsize in retirement? In this episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton dive into the ins and outs of downsizing as part of your retirement strategy. With many retirees considering smaller homes or moving closer to family, this episode tackles the financial and emotional aspects of making such a significant life change. Rob and Archie break down common mistakes to avoid, like rushing into a purchase before consulting your financial planner or underestimating the tax implications when selling and buying properties. They discuss smart ways to bridge th...
2025-09-1716 min
Last PaycheckShould Your Political Views Influence Your Investment Decisions?This week on the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton dig into a big question: Should Your Political Views Influence Your Investment Decisions? They break down how emotions and political beliefs can cloud judgment, why short-term political events often create more noise than impact, and what really drives long-term market performance. Rob and Archie explain why economic fundamentals, not election results, are what matter most for investors. They share practical strategies for staying disciplined, from asset allocation and diversification to rebalancing and sticking to your financial plan through election cycles and...
2025-09-0316 min
Last PaycheckAre Financial "Rules of Thumb" Helping You or Hurting You?Are financial "rules of thumb" the key to building wealth—or could they actually steer you off course? In this episode of the Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton dig into some of the most popular money guidelines: - Save 10% of your income - The 4% retirement withdrawal rule - The 80% replacement rule for retirement income Rob and Archie explain where these financial shortcuts can provide clarity, especially for beginners, and when they might fall short as your money situation becomes more complex. They highlight the dangers of making emotional financial decisions, th...
2025-08-2719 min
Last PaycheckBreaking Down the One Big Beautiful Bill: Tax Changes Every Retiree Needs to Know | Pt 2The landmark "One Big Beautiful Bill" continues to shake up the financial world — and in this part 2, we continue the conversation. Join CFP Professional Archie Hoxton and Financial Advisor Emily Leslie on the Last Paycheck Podcast as they explore the latest wave of tax law changes and what they mean for your money — especially if you're planning for retirement or already living it. 🔍 What's inside this episode: ✅ 2017 Tax Cuts extension — who benefits now ✅ Overtime deductions that could save you big ✅ Social Security tax myths — busted ✅ Bigger breaks for seniors ✅ Major shifts to SALT (State...
2025-08-2015 min
Last PaycheckThe "One Big Beautiful Bill": What It Means for Your Wallet in 2025 | Pt 1The "One Big Beautiful Bill" is here — but what does it actually mean for your money? In this episode of Last Paycheck Podcast, CFP Professional Archie Hoxton and Financial Advisor Emily Leslie break down the biggest financial legislation shakeup in years — and yes, it's only the tip of the iceberg! They cover: 💥 Making the 2017 Tax Cuts and Jobs Act permanent 💥 A massive boost to the Child Tax Credit 💥 No tax on tips?! (Yes, seriously.) 💥 Auto loan interest deductions 💥 Brand-new "Trump Accounts" for kids — with quirky rules 💥 What's staying, what's changing, and what's still unclea...
2025-08-1316 min
Last PaycheckBuffer ETFs vs Fixed Index Annuities: Managing Market Risk in RetirementCertified Financial Planners Archie Hoxton and Rob Hoxton dive deep into a top concern for retirees and conservative investors: How can you grow your money in the stock market, without exposing yourself to major losses? In this episode, Rob and Archie cover: 🔹 What Buffer ETFs are, how they work, and why their gain caps and one-year cycles matter 🔹 How Fixed Index Annuities can offer downside protection, along with their hidden fees, liquidity risks, and long-term pros and cons 🔹 Which strategy may work best for retirement planning or risk-averse investing 🔹 How to balance growth potential an...
2025-08-0616 min
Last PaycheckTaking Time Off Work Strategically: Sabbatical Planning Tips from CFP ProfessionalsAre you thinking of taking a sabbatical or carreer break? CFP Professionals Rob and Archie Hoxton walk through what that looks like in this week's episode of Last Paycheck. Whether you're contemplating a mid-career break for personal growth, burnout recovery, further education, or a major life pivot, Rob and Archie dive into the crucial planning considerations you need to address. They discuss the financial impact of a sabbatical, including how to manage income gaps, health insurance, retirement savings, and key benefits that may be lost during time away from work. Drawing on their expertise in financial planning...
2025-07-3017 min
Last PaycheckAvoiding Probate: The Power of Naming the Right BeneficiariesIn this episode of The Last Paycheck Podcast, CFP Professional Archie Hoxton and Financial Advisor Jimmy Sutch break down one of the most overlooked aspects of estate planning: beneficiary designations. Many people assume that having a will is enough, but it's not. Archie and Jimmy explain how properly assigning beneficiaries on accounts like 401(k)s, IRAs, life insurance, and even bank accounts can help your loved ones avoid probate, legal delays, and unnecessary costs. They share real-world examples and tips on why outdated beneficiary designations can cause major issues, the difference between will provisions and...
2025-07-2317 min
Last PaycheckSupport Your Adult Kids Financially or Focus on Retirement First?In this episode of The Last Paycheck Podcast, Certified Financial Planner professionals Archie Hoxton and Rob Hoxton tackle a common retirement dilemma: Should you help your adult children financially, and at what cost to your retirement? They explore the emotional and financial trade-offs of supporting grown kids, including how it can impact your long-term financial security. You'll learn: ✅ When it makes sense to offer help ✅ How to set healthy financial boundaries ✅ Why your retirement plan must come first ✅ How to encourage financial independence in your children Rob and Archie share practical st...
2025-07-1616 min
Last PaycheckAre Your Money Habits Your Parents' Fault? Understanding Financial BaggageIn this episode of the Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton dive into the roots of our financial habits by exploring the concept of "money scripts"—the core beliefs about money we pick up in childhood. Take your money script inventory: https://www.bradklontz.com/moneyscriptstest They discuss how these early experiences and family influences can shape our approach to saving, spending, and investing throughout life. Using both personal anecdotes and research-backed insights, Rob and Archie break down the four main money scripts: money avoidance, money worship, money status, and money vigilance. They...
2025-07-0919 min
Last PaycheckThe Truth About Millionaires Next Door: How Ordinary People Build Real WealthHow do you become the millionaire next door? CFP Professionals Archie Hoxton and Rob Hoxton take a deep dive into what it truly means to be the "millionaire next door." They dispel the myths commonly perpetuated by social media, highlighting that most American millionaires are not flashy spenders but instead live simply, drive modest cars, and focus on saving rather than spending. Drawing from decades of financial planning experience and reputable studies, the hosts share surprising statistics—like how 79% of millionaires didn't inherit their wealth and how the top millionaire careers are often quite ordinary, incl...
2025-06-2516 min
Last PaycheckShould You Take Social Security Early? 5 Surprising Reasons to Consider ItIn this week's episode of Last Paycheck Podcast, CFP Professional Archie Hoxton and financial advisor Jimmy Sutch tackle one of retirement's biggest questions: Should you take Social Security early? Archie and Jimmy break down the conventional wisdom around delaying benefits and offer fresh insight into five key reasons why claiming early might be right for you. They explore factors like health, income needs, legacy planning, concerns about Social Security's future, and unique strategies for couples with different benefit amounts. They emphasize that Social Security decisions are highly personal—what works best depends on your financial picture, life exp...
2025-06-1116 min
Last PaycheckIs Long Term Care Insurance Worth It? Pros and Cons as You AgeWelcome to the 100th episode of the Last Paycheck Podcast! CFP Professionals Rob Hoxton and Archie Hoxton celebrate with viewers and dive deep into the crucial topic of long-term care insurance. The hosts share statistics from the U.S. Department of Health and Human Services, revealing that 70% of adults over age 65 will need some form of long-term care. Rob and Archie break down what long-term care insurance is, identify common trigger points for needing it, and guide listeners through key scenarios where having coverage could be essential—such as having no close family support or wanting to pro...
2025-06-0417 min
Last Paycheck5 Reasons You Should Retire EarlyHave you ever wondered if retiring before 65 or 70 is the right move for you? In this week's episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton dive into the hot topic of early retirement. The hosts share five compelling reasons why you should consider hanging up your work boots ahead of schedule, from regaining valuable time and prioritizing your health, to safeguarding your financial future in an ever-changing job market. They also discuss the benefits of phased retirement and the importance of retiring to something, not just from something, to ensure a fu...
2025-05-2816 min
Last PaycheckHow to Find Meaning and Purpose in Retirement: Smart Giving Strategies and Living Well☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at https://www.hoxtonpm.com 🗓️ If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation In this episode of Last Paycheck Podcast, CFP Professionals Archie Hoxton and Rob Hoxton dive into the important topic of making your retirement truly meaningful. They explore how retirees can find purpose after their final paycheck by shifting focus from work-related achievements to new sources of fulfillment. The discussion covers practical strategies for creating impact in retirement, including giving bac...
2025-05-2117 minLast PaycheckRelationships and Money: Aligning Goals, Values, and HabitsWelcome to the Last Paycheck Podcast! CFP Professionals Archie Hoxton and Rob Hoxton tackle the vital topic of financial alignment in relationships. Drawing from their experience working with couples, they discuss why communicating about money is essential and how early financial memories can shape each partner's attitudes. They dive into common friction points, such as debt, spending differences, risk tolerance, and financial infidelity, and explore practical ways to overcome these challenges. They also highlight the importance of both partners participating in financial planning and suggest when to seek help from neutral third parties like financial planners or t...
2025-05-1416 min
Last PaycheckDIY Retirement Planning: Common Pitfalls and When to Hire a Financial PlannerIn this episode of the Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton tackle the increasingly popular topic of DIY retirement planning. They explore the advantages of taking a do-it-yourself approach, such as potential cost savings and the satisfaction of managing your own finances. However, the hosts also highlight the pitfalls that many DIY-ers face, including gaps in tax planning, investment management, and the risk of missing out on critical strategies like Roth conversions. Drawing from real-life examples and years of experience, Rob and Archie illustrate how failing to account for long-term tax impacts can have l...
2025-05-0715 min
Last PaycheckFinancial Spring Cleaning Tips to Organize Your Money for a Stress-Free YearIn this week's episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton help you "spring clean" your finances. Using the momentum of tax season, they guide listeners through practical steps for getting organized and tackling financial clutter. Rob and Archie break down how to review your spending, manage subscriptions, consolidate accounts, and improve your password security. They share insights into why keeping too many accounts and unused subscriptions can cost you money and complicate tax time, plus tips for safeguarding against fraud and checking credit reports. The hosts also discuss the importance of r...
2025-04-3016 min
Last PaycheckWant to Retire Early? Key Challenges and Strategies You Need to KnowIn this episode of the Last Paycheck Podcast, CFP Professional Archie Hoxton and Financial Advisor Jimmy Sutch dive into the topic of early retirement. They debunk the misconception that retiring early shares the same planning approach as traditional retirement. They emphasize the importance of a well-thought-out plan and discuss the substantial challenges that come with retiring young, such as the need for a larger nest egg, a reliable withdrawal strategy, and considerations for healthcare. Archie and Jimmy also touch upon essential aspects of financial planning like the 4% rule and the intricacies of accessing retirement funds at different a...
2025-04-2318 min
Last PaycheckStay Cool and Invest Smart: Winning Tactics for Uncertain MarketsIn this episode of Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton delve into the hot topic of market volatility. As financial markets face fluctuations, they share insights and practical advice for navigating these turbulent times. Highlighting their newly developed Market Volatility Guide (email lastpaycheck@hoxtonpm.com to get it sent to your inbox), they explore common pitfalls like panic selling and chasing fleeting market trends. The hosts emphasize the importance of maintaining a strategic approach, advising listeners to stay the course and focus on essentials like rebalancing and tax-loss harvesting. They candidly discuss the emotional ch...
2025-04-1618 min
Last PaycheckSix Mistakes to Avoid When You Inherit MoneyWelcome to the Last Paycheck Podcast! Today, CFP Professionals Rob and Archie Hoxton discuss the common mistakes to avoid when inheriting money. With a massive generational transfer of wealth underway, it's crucial to prepare for the unique challenges that come with windfalls. They highlight the dangers of treating an inheritance as "found money" and emphasize the importance of having a disciplined financial plan. They also delve into the potential tax consequences and the emotional decisions that can arise. The episode covers practical advice on how to integrate unexpected funds into your financial plan, the impact on tax o...
2025-04-0918 min
Last PaycheckIs the 4% Rule Still Relevant? Examining Its Role in Today's Retirement PlanningIn this episode of the Last Paycheck Podcast, CFP Professional Archie Hoxton and Financial Advisor Jimmy Sutch dive into the well-known 4% rule of retirement planning. They explore its origins, usefulness, and potential pitfalls. The conversation begins by defining distribution rates and questioning what genuinely constitutes a sustainable withdrawal rate. They discuss the 4% rule, originating from Bill Bengen's study in the 1990s, which suggests that withdrawing 4% annually from your retirement portfolio can last you 30 years. However, they caution that real-life scenarios can differ significantly, affecting the rule's reliability. Factors such as market performance, personal spending needs, and retirement l...
2025-04-0215 min
Last Paycheck5 Retirement Risks & The Key to Lasting Financial SecurityWelcome back to the Last Paycheck Podcast, CFP professionals Rob and Archie Hoxton dive into the crucial topic of retirement risks. They break down five significant risks retirees need to be aware of: investment risk, inflation, taxes, Medicare premiums, and longevity risk. With investment risk at the forefront, they discuss the importance of balancing risk and reward to ensure your investment income outpaces inflation, thus preserving purchasing power. Rob and Archie also explore how inflation and taxes can dramatically impact your retirement finances, emphasizing the necessity of proactive planning. The episode highlights the concept of the "tax t...
2025-03-2616 minLast PaycheckReady to Retire? Stay on Track with This ChecklistWelcome to part 2 of the retirement checklist episode on the Last Paycheck Podcast. CFP Professionals Rob and Archie Hoxton guide listeners through crucial aspects of retirement preparation. Building on last week's discussion, they continue with the remaining parts of their comprehensive retirement readiness checklist, available upon request via email. Need a retirement checklist? Email lastpaycheck@hoxtonpm.com Key topics covered include milestone ages critical in retirement planning, each marking significant financial adjustments and opportunities for retirees. The hosts delve into practical advice on controlling spending before and during retirement, emphasizing the necessity of doing a "dr...
2025-03-1216 min
Last PaycheckFinancial Freedom: Essential Tips to Remove Barriers and Build Lasting WealthWelcome to the Last Paycheck Podcast! Today, CFP professional Archie Hoxton and Financial Advisor Jimmy Sutch dive deep into the common hindrances people face when trying to accumulate wealth. They start by defining wealth, highlighting that it encompasses financial stability, time, health, and relationships. Then they explore how debt, especially when invested in depreciating assets like vehicles, can cripple wealth-building efforts. Archie and Jimmy underscore the significance of making sound investment decisions and the pitfalls of emotional market timing. They also address the financial implications of life events like divorce and raising children and delve into the i...
2025-02-2616 min
Last PaycheckPrepare Now to Make Taxes Less TaxingIt's time to start thinking about tax season! In this episode of the Last Paycheck Podcast, CFP Professionals Rob Hoxton and Archie Hoxton delve into the often dreaded but unavoidable topic of tax preparation. With the April 15th filing deadline looming, they offer valuable insights to ensure this annual chore is as stress-free and efficient as possible. Rob and Archie discuss the various options for preparing taxes, from the challenges of self-preparation to utilizing online tools like TurboTax, and the benefits of enlisting a professional CPA, especially amid a shortage of tax preparers. They emphasize the importance o...
2025-02-1918 min
Last PaycheckTax-Free Growth & Life Satisfaction: Real Money TalkWelcome back to the Last Paycheck Podcast! CFP Professionals Rob and Archie Hoxton dive into the world of viral financial advice videos. They start by reacting to a video discussing the importance of setting up a Roth IRA, highlighting the benefits and clearing up misconceptions. Rob and Archie debunk erroneous claims about tax penalties and emphasize the advantages of tax-free growth within a Roth IRA. They discuss practical rules for Roth IRA withdrawals, ensuring listeners understand the various conditions to access their funds penalty-free. Additionally, the hosts touch on the best and worst financial advice featured in a...
2025-02-0517 min
Last PaycheckHidden Threats to Your Retirement: Inflation, Healthcare, and Emotional InvestingWelcome to the Last Paycheck Podcast! CFP professionals Rob and Archie Hoxton delve into the often-overlooked risks that can threaten your financial stability in retirement. While many are aware of the commonly discussed threats, this episode sheds light on hidden landmines like inflation, healthcare costs, long-term care, and the mistakes driven by emotional investing. Rob and Archie explain how these risks can erode your purchasing power and derail your financial plans, emphasizing the importance of sound portfolio construction and disciplined investing. They also offer actionable strategies to mitigate these risks, such as planning for inflation, choosing the r...
2025-01-2917 min
Last PaycheckStay Calm, Stay Invested: Strategies for Bear MarketsIn today's episode of Last Paycheck Podcast, CFP professional Archie Hoxton and Financial Planner Jimmy Sutch tackle the pressing concern of navigating bear markets. Archie emphasizes the importance of not panicking during market downturns and revisiting financial plans designed to withstand such fluctuations. They explain key concepts: market corrections, typically a 10% drop, occur annually, whereas bear markets, characterized by a 20% decline, happen every four to seven years. They highlight maintaining a consistent strategy and avoiding rash decisions like moving entirely to cash, which can be detrimental long-term. They also discuss adjusting distribution rates and recognizing bear markets a...
2025-01-2216 min
Last PaycheckThe Required Minimum Distributions Playbook: Minimize Taxes and Maximize SavingsWelcome to the Last Paycheck Podcast, CFP professional Archie Hoxton and Financial Advisor Jimmy Sutch dive deep into the topic of Required Minimum Distributions (RMDs). They unravel the complexities of RMDs, a vital yet often misunderstood aspect of retirement planning. They discuss the implications of RMDs, how they're calculated, and the potential tax liabilities they create. The episode offers valuable strategies to manage RMDs effectively, including Roth conversions and Qualified Charitable Distributions (QCDs), catering to both long-term and short-term planning perspectives. Additionally, the hosts emphasize that not everyone needs to worry excessively about RMDs, especially if you're a...
2025-01-1516 min
Last PaycheckCan Having a Financial Plan Help You Live Longer?In this episode of the Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton delve into the intriguing connection between financial planning and longevity. Inspired by a recent Wall Street Journal article, they explore how higher net worth and income can correlate with longer life expectancy. The discussion emphasizes the critical role of financial planning in affording better healthcare, healthier diets, and reduced stress, which collectively contribute to an extended lifespan. They navigate through the eye-opening research, uncovering alarming statistics about the US healthcare system and the financial challenges faced by many Americans. Tune in as Archie a...
2025-01-0814 min
Last PaycheckFinancial Resolutions that Stick in 2025Happy New year! In the first episode of Last Paycheck Podcast in 2025, CFP Professionals Rob and Archie Hoxton tackle the timely topic of New Year's resolutions—this time, with a financial twist. Tired of the usual "lose weight" promise, Rob explores more impactful financial goals. Archie suggests quick wins like bumping up your 401(k) contributions, setting up Roth IRAs, and establishing health savings accounts (HSAs). They also dive into more labor-intensive but crucial tasks. They emphasize the long-term benefits of automating savings and rebalancing investments, encouraging listeners to set and forget these pivotal actions. With actionable advice tha...
2025-01-0115 min
Last PaycheckHow to Handle Life Insurance and Annuities You No Longer WantIn this episode of Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton dive into a commonly faced financial dilemma: what to do with life insurance policies and annuities that no longer seem necessary. They explore a range of solutions, starting with simply retaining the policy, which could still fulfill vital financial needs. The discussion extends to potential pitfalls like surrender charges, market value adjustments, and tax implications for those considering canceling their policies. Rob and Archie also educate listeners on the tax-saving benefits of a 1035 exchange. Emphasizing the importance of informed decision-making and fiduciary advice, they a...
2024-12-2515 min
Last PaycheckLast Minute Planning: 4 Things to do to Supercharge Your RetirementWelcome to Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton discuss strategies to boost your retirement savings as you approach the end of your career. With practical advice targeted at individuals within three to five years of retiring, they break down four actionable steps to supercharge your savings. Topics include maximizing contributions to tax-favored accounts like IRAs and 401ks, diversifying the tax treatment of your investments, adjusting your asset allocation to balance risk and growth, and the critical importance of having a comprehensive financial plan. They also dive into recent changes in retirement laws, such as t...
2024-12-1817 min
Last PaycheckThe Basics of Investing: Breaking Down Stocks, Bonds, and MoreWelcome to this week's episode of Last Paycheck Podcast! CFP Professionals Rob and Archie Hoxton take you back to the basics of navigating investment vehicles, focusing on some of the most common yet often misunderstood options. They break down the essentials of stocks and bonds, explaining how owning shares of a company or lending money through bonds can impact your retirement portfolio. The episode also dives into mutual funds and exchange-traded funds (ETFs), highlighting their similarities, differences, and potential advantages and disadvantages. Mutual funds, with their broad diversification but potential tax inefficiencies, are contrasted with the more t...
2024-12-1117 min
Last PaycheckUltimate Year-End Tax Planning Tips for 2024Let's talk taxes! In this episode of Last Paycheck Podcast, CFP professionals Archie Hoxton and Rob Hoxton dive into essential year-end tax planning strategies to help you maximize your financial health. As the year rapidly comes to a close, they discuss key moves that could make a significant difference when filing for the 2024 tax year. Topics include the anticipated changes in tax legislation, optimizing traditional IRA contributions, the power of Health Savings Accounts (HSAs), and the benefits of 529 college savings plans. They also explore smart charitable giving strategies through donor-advised funds and Qualified Charitable Distributions (QCDs). This...
2024-11-2716 min
Last PaycheckCognitive Decline in Retirement: What You Need to Know to Safeguard Your FutureIn this week's episode of Last Paycheck Podcast, our hosts, CFP professionals Rob and Archie Hoxton, tackle the crucial yet often overlooked topic of cognitive decline in retirement. They explore how cognitive issues pose both health and financial risks, affecting decision-making abilities and financial stability. Rob and Archie emphasize the importance of proactive planning, such as appointing a durable power of attorney and consulting trusted advisors, to mitigate these risks. With personal anecdotes and practical advice, this episode serves as a comprehensive guide to safeguarding your financial well-being as you age. Tune in for essential tips to h...
2024-11-2016 min
Last PaycheckNavigating Overspending: Staying Within Your Means in a Tech-Driven WorldIn this week's episode of Last Paycheck Podcast, CFP professionals Rob and Archie Hoxton dive into the often-overlooked topic of overspending in today's frictionless financial landscape. Rob and Archie shed light on the complexities of staying within one's means, especially in an era where digital payment methods make it effortless to spend money mindlessly. They discuss how being mindful of your expenditures is crucial, particularly during retirement when income is fixed. They emphasize the significant impact of subscription services, contactless payments, and even digital pickpocketing on our financial habits. They also explore old-fashioned yet effective budgeting techniques...
2024-11-1316 min
Last PaycheckHow to Prepare for Medicare Open Enrollment with Expert Advice from Ben BulgrienIn this episode of the Last Paycheck Podcast, CFP professional Archie Hoxton hosts Medicare expert Ben Bulgrien from Kohorn Financial Group. Archie dives deep into the critical topic of Medicare open enrollment with Ben for their third discussion on this complex subject. They cover key aspects of reviewing and updating Medicare coverage, emphasizing the importance of evaluating prescription drug plans, Medicare Advantage plans, and understanding potential changes brought by the Inflation Reduction Act. Ben provides detailed insights into annual review processes, the implications of switching plans, and navigating medical underwriting. This episode is filled with practical advice o...
2024-10-3017 min
Last PaycheckUpcoming Tax Changes - What You NEED To Know!In this week's episode of the Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton dive into the impending expiration of the significant 2017 tax law changes and their potential impact on taxpayers. With the 2025 sunset date looming, they highlight the importance of planning ahead for what could be a substantial shift in tax brackets, deductions, and estate planning rules. The episode covers the nuances of the marginal tax bracket adjustments, the reduction in standard deductions, and the return of personal exemptions. Rob and Archie also discuss the implications for small business owners, charitable giving, and estate planning t...
2024-10-0917 min
Last PaycheckDownsizing in Retirement: Sell or Rent?In this episode of the Last Paycheck Podcast, CFP Professionals Archie Hoxton and Rob Hoxton dive into the intriguing topic of whether downsizing your home upon retirement makes sense—or if it might be more beneficial to keep your current home and rent it out. They discuss the various financial and emotional aspects you need to consider. From understanding capital gains tax exclusions to dealing with the real-life challenges of being a landlord, Archie and Rob provide a comprehensive analysis. They highlight key factors such as the impact of inflation, mortgage rates, rental income, and property management. Tun...
2024-10-0215 min
Last PaycheckInvest Your Cash or Keep It Liquid?Welcome back to Last Paycheck Podcast, hosts and CFP Professionals Rob and Archie Hoxton tackle a common yet critical financial question: how much cash should one keep on hand? They talk about the nuances of maintaining an emergency fund, highlighting the importance of liquidity versus the temptation to invest cash reserves in the stock market. With market conditions fluctuating, they discuss various cash instruments and their appropriateness based on individual circumstances, such as high-yield savings accounts versus CDs. The episode explores scenarios that may warrant larger cash reserves, like having aggressive investments or variable income. Additionally, they a...
2024-09-1816 min
Last PaycheckIs Ramsey Right About Early Social Security?In this week's episode of the Last Paycheck Podcast, hosts and CFP professionals Rob and Archie Hoxton discuss the advice from financial coach Dave Ramsey about taking Social Security early at age 62 and investing the funds. They talk about the complexities and risks associated with this strategy, emphasizing that such a significant decision shouldn't be taken lightly or made based on generalized advice. The episode highlights the importance of individualized financial planning and the potential pitfalls of expecting high returns from mutual funds. They underscore the benefits of delaying Social Security to maximize returns and the considerations o...
2024-09-1116 min
Last PaycheckNew Home Decisions: Buy Now or Wait?Welcome back to Last Paycheck Podcast, hosts and CFP Professionals Rob and Archie Hoxton talk about the complexities of the current housing market to answer the pressing question: should you buy a house now or wait? With interest rates significantly higher than in recent years and a limited supply of new homes, they explore how historical trends since the Great Recession have led to today's unique market challenges. They discuss the implications for both first-time buyers and those looking to downsize as they approach or are in retirement. Offering a blend of statistical insights and personal anecdotes...
2024-08-2816 min
Last PaycheckLeaving Your Job? Here's What You Need to Know About Your 401(k)In this week's episode of the Last Paycheck Podcast, CFP Professionals Archie Hoxton and Rob Hoxton discuss the common mistakes people make when leaving a job and deciding what to do with their 401(k). They emphasize the importance of staying organized and informed to avoid costly errors. The hosts outline three main options: leaving the 401(k) with the former employer, withdrawing the funds (which can incur significant taxes and penalties), or rolling the balance into a new employer's plan or a rollover IRA. They highlight the potential pitfalls of each option, such as forgetting about the account...
2024-08-0717 min
Last PaycheckPresidential Election Year: Good or Bad for the Market?Welcome back to Last Paycheck Podcast! Hosts and CFP Professionals Archie Hoxton and Rob Hoxton explore the dynamic relationship between politics and the stock market, particularly during election years. Broadcasting from their brand-new studio at Hoxton Planning and Management headquarters, the duo debunk the myth that politics are a primary driver of market performance. They emphasize that while short-term market volatility may occur around elections, historical data shows that election years often yield positive market returns, irrespective of which party wins. With insights dating back to 1928, Archie and Rob demonstrate that maintaining a well-constructed, diversified portfolio and...
2024-07-3115 min
Last PaycheckSpaving: Can Spending More Actually Save You More?In this week's episode of the Last Paycheck Podcast, certified financial planners Archie Hoxton and Rob Hoxton dive into the intriguing concept of "spaving"—the idea of spending more to save more that has roots in behavioral finance. Rob, inspired by an insomnia-induced CNBC article, discusses how spaving often leads consumers to spend more under the illusion of savings. They explore common scenarios, such as online shopping for free shipping, car upgrades, and credit card reward points, highlighting how retailers exploit these behaviors. While there are situations where spaving can be beneficial, Archie and Rob stress that it...
2024-05-2214 min
Last PaycheckCash or Credit: What's the Best Way to Buy a Car?In this week's episode of the Last Paycheck Podcast, hosts and certified financial planners Archie Hoxton and Rob Hoxton dive into the common dilemma of whether to buy a car with cash or finance it. They explore the pros and cons of both options, emphasizing the long-term financial impacts of financing, such as interest rates and the total cost over time. Archie and Rob criticize the common sales tactics that can lead consumers to spend beyond their means and discuss strategies to negotiate better deals at the dealership. They advise listeners on using financing as a negotiation tool, the...
2024-05-1516 min
Last PaycheckHow to Become the Millionaire Next Door?In this week's episode of the Last Paycheck Podcast, financial planners Archie Hoxton and Rob Hoxton delve into the topic of achieving millionaire status. They highlight that the archetypal millionaire next door doesn't flaunt their wealth, often working in professions like engineering, teaching, or trades like plumbing and HVAC — diligently saving and investing in a frugal manner. The Hoxton duo discusses crucial financial strategies for building wealth, beginning with establishing an emergency fund to insulate against risk. They advise on taking advantage of tax-smart investments, employer 401(k) matches, and avoiding high-interest consumer debt. The episode underscores the po...
2024-04-1017 min
Last PaycheckNew Market High Point… Should I Sell My Stock?In this week's episode of Last Paycheck Podcast, hosts Archie Hoxton and Rob Hoxton dive into the timely topic of stock market highs and whether it's the right time to sell stocks. As the market hits all-time highs, you might be wondering if it's a signal to divest. Archie and Rob provide insightful guidance, emphasizing the importance of assessing individual risk tolerance and investment timelines. They discuss the significance of stock price versus value, citing examples of overvalued stocks and the importance of diversification. They stress the need for periodic rebalancing and potential red flags such as an over-concentration...
2024-04-0316 min
Last PaycheckAre I-Bonds Still a Smart Investment in Today's Environment?In today's episode of Last Paycheck Podcast, hosts Archie Hoxton and Rob Hoxton delve into the topic of I bonds and their current attractiveness as an investment option. They provide a comprehensive discussion on the features of I bonds, including fixed and variable interest rates and their inflation-protecting nature. Archie and Rob highlight the historical trends of I bond interest rates, offering insights into how changing inflation levels impact their attractiveness as an investment. Additionally, they address the taxation and liquidity aspects of I bonds, providing a well-rounded analysis for potential investors. Watch on YouTube: https://youtu...
2024-03-2714 min
Last PaycheckInterest Rates Decoded: What to Expect in 2024In this episode of Last Paycheck Podcast, hosts Archie Hoxton and Rob Hoxton delve into the hot topic of interest rates and their potential impact on everyday people. They discuss the context of rising and falling interest rates, shedding light on the implications for savers, investors, and those in the housing market. They explore the effects of interest rate cuts on various financial instruments such as CDs, money market funds, and high yield savings accounts, painting a picture of how these changes could impact individuals' financial strategies. They also touch on the potential consequences for the stock a...
2024-03-1315 min