Shows
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...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 regul...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 PaycheckRetiring Soon? Use a Checklist to Get it Right Welcome to the Last Paycheck Podcast. CFP professionals Archie and Rob Hoxton delve into essential strategies for individuals who are approaching retirement. Need a retirement checklist? Email lastpaycheck@hoxtonpm.com They emphasize the importance of understanding key age milestones, like 50 for catch-up contributions, 59.5 to avoid withdrawal penalties, and 62 for initial Social Security access. With discussions about lifestyle adjustments, spending habits, and envisioning an ideal retirement, the hosts provide a roadmap for a successful transition. Additionally, they highlight crucial considerations such as having a succession plan for business owners and the significance of de...2025-03-0515 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 advic...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 PaycheckUpcoming 401k and IRA Changes Explained: What You Need to KnowIn this episode of theLast Paycheck Podcast, CFP Professionals Archie and Rob Hoxton talk about the significant upcoming changes impacting retirement accounts. They explore new rules for 401ks, simple IRAs, and inherited IRAs, providing vital clarifications for those approaching retirement. Key topics include the increased contribution limits known as "super catch-up" for individuals aged 60 to 63, and the shift towards Roth contributions for catch-ups. They also discuss the introduction of automatic opt-in systems for 401ks, designed to encourage consistent saving habits. Additionally, they address new guidelines on required minimum distributions for inherited IRAs. Call or text Ho...2024-12-0416 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 PaycheckWhy the 2025 Social Security Cost of Living Increase is LowerIn this week's episode of the Last Paycheck Podcast, CFP Professionals Archie and Rob Hoxton delve into the recent announcement of the 2025 Social Security cost of living adjustment (COLA). Set at 2.5%, this figure has left many retirees concerned about its impact amidst rising prices. Archie and Rob discuss the calculation methods used by the Department of Labor, explaining how the Consumer Price Index for Urban Wage Earners (CPIW) determines these adjustments. They emphasize that while Social Security COLAs are beneficial, they are not sufficient to fully hedge against inflation’s effects on retirees. They offer insights into del...2024-11-0615 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 minLast PaycheckMaking Sense of Medicare: Picking the Right Plan for YouWelcome to the Last Paycheck Podcast, CFP Professionals Archie and Rob Hoxton welcome back Medicare expert Ben Bulgrien from Korhorn Financial Group for an insightful continuation on Medicare plans. The episode dives deeper into the diverse components of Medicare, including parts A, B, C, and D, as well as the various supplemental plans from A through N. Ben expertly breaks down the differences between Original Medicare and Medicare Advantage plans, emphasizing the critical decision factors such as cost, coverage, and flexibility. He also highlights the complexities of navigating plan networks and the potential long-term implications of choosing o...2024-10-2416 min
Last PaycheckNavigating Medicare Enrollment and Penalties with Expert Ben BulgrienWelcome to our three part conversation with Ben Bulgrien from Kohron Financial Group on the Last Paycheck Podcast. CFP Professionals Archie and Rob Hoxton are joined by Medicare expert Ben Bulgrien to dive into the complexities of Medicare enrollment. They explore the essential steps and timelines for signing up, providing a comprehensive guide to avoid costly penalties. Ben offers practical advice on navigating Medicare while still employed, understanding qualifying health plans, and the impact of income-related monthly adjustment amounts (IRMA). The discussion also touches on the strategic use of Health Savings Accounts (HSAs) in retirement. This episode i...2024-10-1615 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 PaycheckAre You Lending Money For Free Without Knowing?Welcome to the Last Paycheck Podcast; CFP Professionals Archie and Rob Hoxton unravel the hidden traps of lending money without even realizing it. Kicking off with the pitfalls of tax refunds and overpayment, they reveal how Uncle Sam benefits from your hard-earned money without paying interest. They then pivot to scrutinize checking accounts and how excessive balances can serve as interest-free loans to banks. Gift cards also come under fire, with billions in unused balances bolstering corporate profits. They also touch on practices in sweep accounts and the dubious ethics of some major financial institutions. With practical a...2024-09-2516 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 PaycheckOwn Nothing, Rent Everything?If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation In this week's episode of the Last Paycheck Podcast, CFP professionals Archie and Rob Hoxton talk about the concept of owning nothing and renting everything. They explore the lifestyle of individuals who have embraced full-time renting to maximize flexibility and minimize the burdens of ownership. They discuss various rental scenarios from everyday items like clothing and tools to larger investments like RVs and homes, weighing the advantages and potential drawbacks. Rob shares his personal experiences with rental tools an...2024-09-0415 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 PaycheckWhy You Shouldn't Stop 401K Contributions, Even During Tough TimesIn this week's episode of the Last Paycheck Podcast, hosts Archie and Rob Hoxton talk about the alarming trend highlighted in a recent Moneywise article by Maury Bookman: 46% of middle-class workers have reduced or stopped their 401K contributions due to inflation and high prices. Exploring the broader economic backdrop, they discuss how rising living costs and stagnant wages compel people to cut back on crucial retirement savings. They also emphasize the detrimental impact of growing consumer debt and the missed opportunities from halting contributions, such as losing employer matches and tax benefits. They highlight the long-term costs, i...2024-08-2116 min
Last PaycheckInfinite Banking: Separating Fact from Fiction in the Be Your Own Bank ConceptIn this episode of the Last Paycheck Podcast, hosts Archie and Rob Hoxton react to a video promoting the concept of "infinite banking" or "be your own bank" using whole life insurance policies. The video creator makes claims about earning high returns and borrowing money for free. Archie and Rob break down these claims, explaining the differences between banks and insurance policies, and how policy loans actually work. They emphasize that while cash value life insurance has its place, it should be purchased for the right reasons, such as providing a permanent death benefit for loved ones w...2024-08-1416 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 PaycheckVacation Home Fever: What You Need To Consider Before Buying a Second HomeIn this week's episode of Last Paycheck Podcast, financial planners Rob and Archie Hoxton talk about the enticing yet complex decision of buying a vacation home. Rob initiates the conversation, reflecting on the appeal of owning a second home in a favorite vacation spot. They discuss the dreams versus realities of such an investment, emphasizing that while a second home can enhance your lifestyle and bring family together, it also involves significant financial and non-financial considerations. They cover key aspects such as financing, property taxes, insurance, and the pitfalls of relying on rental income to afford the...2024-07-2416 min
Last PaycheckAdvanced Roth IRA Strategies: Backdoor to Mega Backdoor StrategiesIn this episode of the Last Paycheck Podcast, hosts and financial planners Archie and Rob Hoxton dive deep into the world of Roth IRAs and 401(k) plans, exploring the benefits and strategies for building your Roth tax bucket. The discussion tackles the incredible story of Peter Thiel purportedly amassing $5 billion within a Roth IRA. Archie and Rob break down the fundamental differences between traditional and Roth IRAs, offering valuable insights into strategies like Roth conversions, backdoor Roth contributions, and even the mega backdoor Roth. They emphasize the importance of tax planning and knowing your options to maximize r...2024-07-1716 min
Last PaycheckAre You Financially Healthy? Key Steps for a Secure FutureWelcome back to Last Paycheck Podcast! In this week's episode, hosts and certified financial planners Archie and Rob Hoxton take a deep dive into assessing financial health. Just as you'd get a medical checkup, they explore how to do a financial wellbeing check by examining critical elements such as emergency funds, debt management, and insurance coverage. The episode emphasizes the importance of maintaining a liquid emergency fund, managing debt effectively, and ensuring adequate insurance to guard against life’s uncertainties. The hosts also stress the significance of saving for the future and using a comprehensive financial plan as...2024-07-1014 min
Last PaycheckUnderstanding Tax Benefits of Donations: Expert Tips and AdviceIn this week's episode of Last Paycheck Podcast, certified financial planners Archie and Rob Hoxton dive into the world of charitable giving strategies. As the hosts navigate through the complexities of tax benefits associated with donations, they shine a light on various methods to maximize contributions effectively. From the straightforward cash donations to the more advantageous securities donations and donor-advised funds, listeners gain insights into how to leverage their charitable contributions for greater tax efficiency. The episode also covers Qualified Charitable Distributions, a powerful tool for those over 70 and a half looking to benefit from non-taxable IRA...2024-07-0316 min
Last Paycheck2025 Social Security Increase Announcement - Will You Get a Raise?In this week's episode of Last Paycheck Podcast, hosts and certified financial planners Archie and Rob Hoxton talk about the highly-anticipated topic of Social Security cost of living increases for 2025. They explore how these adjustments are calculated, focusing on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Rob shares startling statistics about the reliance of nearly 40% of retired Americans on Social Security as their sole income source, emphasizing the importance of strategic planning. With insights into inflation's impact and asset management tips, the hosts provide valuable advice for maximizing Social Security benefits. Despite uncertainties, Archie...2024-06-2616 min
Last PaycheckHealth Savings Accounts 101: Avoid These Common MistakesIn this week's episode of the Last Paycheck Podcast, hosts Archie and Rob Hoxton dive deep into Health Savings Accounts (HSAs), highlighting their unparalleled tax benefits and how they can be a powerful tool for future healthcare costs. Revisiting the basics and rules of HSAs, they draw clear distinctions between HSAs and Flexible Spending Accounts (FSAs). The episode emphasizes the importance of understanding qualified medical expenses, contribution limits, and the pitfalls of over-contributing or not investing HSA funds for growth. Archie and Rob discuss scenarios such as family vs. single coverage contributions and the penalties for misusing H...2024-06-1915 min
Last PaycheckTax Torpedoes in Retirement: Avoid Unexpected Tax SurprisesWelcome back to the Last Paycheck Podcast! Hosts Archie and Rob Hoxton dive into the ominous world of "tax torpedoes" and how they can unexpectedly impact retirees. They break down the surprising complexity of Social Security taxation and the ripple effects it can have on your income. The duo discusses the underestimated pitfalls, like higher tax bills from seemingly harmless IRA withdrawals and the dreaded IRMA (Income Related Monthly Adjustment Amounts) that can inflate Medicare premiums. Emphasizing the importance of strategic financial planning, they provide insights into leveraging various tax buckets—IRA, Roth IRA, taxable accounts, and HSA...2024-06-1216 min
Last PaycheckFinancial Advisors React: Good Tips and Bad PracticesOn today's episode of the Last Paycheck Podcast, hosts Archie and Rob Hoxton react to financial advice that they agree with online. The episode kicks off with a spirited discussion about a video featuring Caleb Hammer and a 40-year-old living with her mother, who struggles with financial independence due to frivolous spending habits. Archie and Rob dissect the harsh yet honest advice delivered by Caleb, emphasizing the importance of responsible financial decisions and the dangers of an entitlement mindset. The second half of the episode focuses on another clip featuring Dave Ramsey, where the topic shifts to...2024-06-0517 min
Last PaycheckTackling Financial Regrets: Retirement Savings, Debt, and Emergency FundsIn this episode of the Last Paycheck Podcast, hosts Archie Hoxton and Rob Hoxton delve into the subject of financial regrets and how to avert them. They start by discussing common regrets, such as not saving enough for retirement and not starting early enough. The importance of compound interest over the long term is highlighted, along with eye-opening statistics from Quicken and Forbes about the prevalence and stress caused by financial regrets. They tackle issues like consumer debt, ineffective spending habits, and the dangers of lending money to friends or family. They stress the necessity of an emergency fund...2024-05-2915 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 Sustainable is Social Security: Should You Be Worried?In this episode of the Last Paycheck Podcast, certified financial planners Archie Hoxton and Rob Hoxton tackle the pressing issue of Social Security's future sustainability. They begin by addressing common fears spurred by the Social Security board of trustees’ announcement regarding the projected depletion date of the Social Security Trust fund. The Hoxtons delve into historical measures taken to avert past crises in the Social Security system and discuss potential changes that could ensure its longevity. They examine possibilities such as increasing payroll taxes, adjusting full retirement ages, modifying early retirement penalties, and altering the income cap for...2024-05-0816 min
Last PaycheckInvesting in Gold: Should You Do it in 2024?In this week's episode of the Last Paycheck Podcast, hosts and certified financial planners Archie Hoxton and Rob Hoxton delve into the topic of investing in gold. They kick off the conversation with a mention of gold bars being available at Costco and segue into a more serious discussion about gold's role in an investment portfolio. They consider the reasons people turn to gold, particularly during times of economic uncertainty, such as inflation and geopolitical tensions. As they explore the practicalities and risks of owning physical gold versus gold-related financial products (like ETFs and gold mining stocks), t...2024-05-0116 min
Last PaycheckHow to Protect Yourself from Fad InvestmentsIn this week's episode of Last Paycheck Podcast, hosts and certified financial planners, Archie and Rob Hoxton, delve into the captivating world of fad investing, or as it's commonly termed, speculating. They commence by mulling over the puzzling allure of companies with soaring stock prices despite having no profitable earnings. Their discussion encapsulates historical precedents like the South Sea Company bubble, the dot com era's irrational exuberance, and recent phenomena like DJT - Donald Trump's Truth Social's SPAC-fueled market fling. Through the tale of Isaac Newton's investment misfortunes, they illustrate that intelligence doesn't exempt one from the p...2024-04-2415 min
Last PaycheckExposing Faulty Financial Advice on 401K InvestmentsWelcome back to the Last Paycheck Podcast. Today, certified financial planners Archie Hoxton and Rob Hoxton dive into exposing and debunking viral financial advice circulating on social media platforms. Remember - don't believe everything you see online! They kick off the episode by reacting to misinformed claims about 401(k) retirement plans, highlighting the inaccuracies presented in a viral clip. They correct the false narrative that 401(k)s were created post-Great Depression and address the misconception that saving for retirement through these plans is ineffective. They also analyze a second video that promotes cash value life insurance as...2024-04-1714 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 PaycheckAre Americans Saving Enough for Retirement?In this week's episode of Last Paycheck Podcast, hosts Archie Hoxton and Rob Hoxton delve into a crucial topic: the state of retirement savings in America. They provide insightful commentary on the average retirement savings by age group, emphasizing that these figures are not prescriptive but rather a gauge for individuals to assess their progress. They highlight the importance of understanding compound interest and the impact of early and consistent contributions to retirement savings. They also address common misconceptions and provide practical advice for navigating the complexities of retirement planning. Watch on YouTube: https://youtu.be/aCrZSYZpz-Y 2024-03-2015 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
Last PaycheckFinancial News: Should You Believe Everything You Read?In this episode of Last Paycheck Podcast, hosts Archie Hoxton and Rob Hoxton tackle the complex landscape of financial media and offer insights on how to navigate it. With the proliferation of online information, they emphasize the importance of educating oneself about basic financial concepts before delving into media sources. They caution against succumbing to sensationalized news and advise listeners to scrutinize the legitimacy of sources, particularly in the digital age where deceptive content is rife. They stress the significance of seeking out data-driven information and being wary of fear-mongering tactics employed by some outlets. Offering examples f...2024-03-0616 min
Last PaycheckUnexpected Retirement Costs: How to PrepareArchie and Rob take on the topic of retirement from a new angle. They discuss common misconceptions and how getting too comfortable can be one of the pitfalls in retirement planning. They also address some of the realities of increased costs, such as home improvements, transportation, and healthcare that can be surprising to some. Watch on YouTube: https://youtu.be/ZUCVSMI3WFA Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like w...2024-02-2815 min
Last PaycheckTax Changes for 2024: A Look at the NumbersConfused about the 2024 tax changes? Today, Rob and Archie break down some of the important changes to look out for in 2024. Know the changes and be prepared for 2024! Here are some major changes: - Adjustment to tax brackets: 10%, 12%, 20% - tax brackets are moving higher - Increase in the standard deduction - single: $13,850 to $14,600 - married: $27,700 to $29,200 - Contribution limits - Deferral limit increasing from $22,500 to $23,000 - 50 years or older - "catch-up contribution" is $7,500 - Simple plan - deferral from $15,500 to $16,000 -50 years or older - "catch-up contribution" is $3,5...2024-02-2118 min
Last PaycheckThe FIRE Movement: How to Achieve Early Retirement and What to Look Out ForIn today's episode, Rob and Archie discuss the "FIRE Movement" - Financial Independence, Retire Early. They walk through how it's possible to achieve this lifestyle for those looking to retire early and the financial discipline it takes. They talk about the different lifestyles of FIRE, including explaining "Barista FIRE," where you don't stop working entirely. Alternatively, if you plan to retire completely, they highlight looking at your portfolio and savings to ensure you're earning enough for the lifestyle you want to lead. Rob and Archie delve into the balance this lifestyle takes and some potential pitfalls for a...2024-02-1417 min
Last PaycheckWhat Happens When You Have No Heirs? Strategies For Your AssetsWhat happens to your belongings when you don't have heirs? In today's episode, Archie and Rob discuss ensuring your assets are handled according to your wishes after you pass. They stress the importance of proactive planning to ensure that one's assets are distributed according to their wishes rather than leaving it to the government or the court's discretion. They discuss various options for leaving a legacy, such as charitable donations, donor advised funds, and charitable remainder trusts. They provide real-life examples, consequences, and solutions so you can think ahead. New York Times article: https://www.n...2024-02-0717 min
Last PaycheckRetired earlier than expected? Top To-Ds for post retirementIn today's episode, Archie and Rob discuss the critical priorities for those who have just retired, covering topics from health care to managing debt and investments. Make sure you're prepared for your future! Here are some things you should consider getting squared away: - Health care options for after retirement, including COBRA and marketplace options - Understanding Social Security benefits and when to start claiming them - Making decisions about pensions and how they fit into your retirement plan - Evaluating the risk in your investment portfolio and considering tax...2024-01-3116 min
Last PaycheckChoosing a Financial Advisor: How To Find the Right One For You?One of your resolutions this year is to finally start working with a financial advisor? In this episode, Archie and Rob give their advice on exactly how to go about this. They start by addressing the complexity of the task, given the multitude of credentials and compensation models in the industry. It's really important that you understanding your personal financial needs and concerns before seeking out an advisor. They explain various compensation models, such as commissions, fees, and fee-based structures, shedding light on the potential conflicts of interest associated with each model. Additionally, they highlight th...2024-01-2417 min
Last PaycheckPreparing Yourself or a Loved One for Losing Mental CapacityToday, Archie and Rob Hoxton tackle the crucial yet often uncomfortable topic of preparing for the possibility of losing mental capacity. With their expertise as financial advisors, they emphasize the importance of having the right legal authority and support system in place. They discuss the significance of being vigilant for signs of mental decline in oneself and aging loved ones, highlighting the vulnerability to financial scams and exploitation. They share the essential documentation required, such as power of attorney, healthcare power of attorney, and living wills, to empower trusted individuals to make critical decisions when ca...2024-01-1716 min
Last PaycheckSocial Security Strategy: When to Claim Your BenefitsArchie and Rob dive into the complex and crucial decision of when to take Social Security benefits. They provide valuable insights and research findings on common regrets related to Social Security, emphasizing the significance of making an informed and calculated decision. They discuss the trade-offs of taking benefits early versus delaying and highlight the impact of continuing to work while receiving benefits. Additionally, they caution against seeking advice from the Social Security Administration and stress the importance of educating oneself or seeking professional guidance. With approximately 10,000 baby boomers retiring daily in the United States, the e...2024-01-1014 min
Last PaycheckFinancial Scams: What You Need to Know and How to Protect YourselfToday, Archie and Rob delve into the increasingly sophisticated world of financial scams. They cover various types of scams, including checkwashing, romance scams, and paycheck schemes, providing real-life examples and valuable insights on how these scams work. Additionally, they shed light on the alarming use of artificial intelligence in grandparent scams, emphasizing the importance of increased vigilance and awareness in financial transactions. Archie and Rob also highlight red flags and precautionary measures for safeguarding oneself against potential scams, such as being cautious with gift card requests and wire instructions received via email. Watch on...2024-01-0317 min
Last PaycheckHave You Set Your Financial New Year's Resolution? Here Are Some Ideas to Stick With It.It's that time of the year when people make New Year's resolutions! In today's discussion, Archie and Rob will talk about how to create specific financial goals. They explain how goal-based planning works and how to set clear objectives and strategies to reach them. They will also discuss how becoming a "saver" is possible, even if you're facing financial difficulties, by taking small steps to reach your goal. The conversation will cover how small changes in your financial habits can make a big difference in the long run. They discuss how visualizing and manifesting future goals with...2023-12-2715 min
Last PaycheckAre You Ready for Early Retirement?Join Archie and Rob as they dive into the multifaceted realm of early retirement. They discuss the different tools at your disposal and the complexities of tapping into retirement accounts before the conventional age. They highlight the importance of having a diverse portfolio and "tax buckets" to help you have a comprehensive retirement plan. They discuss the impact of healthcare costs in retirement and the emotional hurdles associated with leaving the workforce, from adjusting budgets to coping with newfound freedom. Finally, they discuss the complexities of Social Security decisions, weighing the temptation of early withdrawals against long-term t...2023-12-2016 min
Last PaycheckWant to Convert 529 Funds to Roth IRA? Now You May be Eligible.Join Archie and Rob as they discuss the changes brought about by the Secure Act 2.0. This new legislation has overhauled the legal and tax landscape of American retirement. They break down the groundbreaking provision that allows the rollover of unused 529 funds into a Roth IRA. Together, they delve into the complexities surrounding this game-changing opportunity. They discuss the maximum yearly and lifetime contributions, beneficiary criteria, and the intricacies involved in this process. They also highlight some of the outstanding questions that the public has, which are left unanswered by the government, and provide advice on how to...2023-12-1315 min
Last PaycheckUnderstanding Certificates of Deposit: Exploring the Pros and Cons of CD InvestmentsArchie and Rob discuss the topic of certificates of deposit (CDs). A CD is a financial instrument offered by banks where you deposit money for a certain period of time and earn interest in return. They break down the mechanics of CDs, including how they used to be represented by physical certificates but now mostly appear as line items in online banking statements. They also highlight the importance of FDIC insurance, which protects bank deposits, including CDs, up to $250,000 per person. Archie and Rob delve into the advantages and potential risks of investing in CDs. They emphasize th...2023-12-0616 min
Last PaycheckThe Benefits of Tax Loss Harvesting: Boosting Your After-Tax Investment ReturnsArchie and Rob explore the topic of tax loss harvesting. They discuss its increasing popularity among financial advisors and individual investors, as well as the benefits it brings in terms of maximizing after-tax returns. Tax loss harvesting involves selling investments at a loss to offset taxable gains or income. Rob shares his experience of manually harvesting losses at the end of each year, but highlights the inconsistency and missed opportunities that came with this approach. Chaudhuri, Shomesh and Burnham, Terence C. and Lo, Andrew W., (2020) An Empirical Evaluation of Tax-Loss Harvesting Alpha. Financial Analysts Journal, 76(3), 99-108. https://d...2023-11-2916 min
Last PaycheckHealth Savings Accounts: The Ultimate Account for Tax Free Saving and InvestingArchie and Rob delve into the topic of Health Savings Accounts (HSAs) and the tax advantages they offer. As certified financial planners, they bring their expertise to explain how HSAs can provide significant tax savings and work as a powerful investment tool. Throughout the episode, they discuss the basics of HSAs, including how they function and who is eligible to open one. They also highlight the lesser-known aspect of HSAs, which allows account holders to invest their funds into various investment options like mutual funds and ETFs. By letting the funds grow and accumulate tax-free, HSAs can...2023-11-2217 min
Last PaycheckA Comprehensive Guide to Pension Plans for RetireesRob and Archie dive into the topic of pensions. They begin by discussing the rarity of pension plans in today's workforce and highlight the importance of knowing if you have a pension, even if you've left the company that provided it. They explain what a pension is - a defined benefit plan where the employer makes contributions to a portfolio of investments to provide a guaranteed income or a lump sum payout upon retirement. They discuss the benefits of pension plans, such as not having to bear the investment risk and the advantage of professional management. 2023-11-1518 min
Last PaycheckUnderstanding the Impact of Changing Interest Rates: A Guide for Savers and InvestorsRob and Archie dive into the topic of interest rates and their impact on various financial situations. They discuss the recent increase in interest rates and how it is finally benefiting savers, particularly retirees who rely on CDs for interest income. They explore the historical context of interest rates, starting with the financial crisis of 2008 and the subsequent low interest rate environment. They explain how the Federal Reserve's strategies to stimulate the economy and control inflation have influenced interest rates over the years. This episode on YouTube: https://youtu.be/DOk5jD_jVnk Li...2023-11-0817 minLast PaycheckAdvanced Strategies to Maximize Tax Benefits in Q4 with Eric LewisArchie and Eric Lewis, CPA continue their conversation on 4th quarter action items to save on taxes. Eric has worked in public accounting and hi-tech finance since 1995. Most recently, he was Executive Director of Walker Ventures, a $100 million early stage venture capital fund located near Baltimore, Maryland. Eric has served as Chief Financial Officer at two venture capital-backed high tech companies and has worked with large regional CPA firms in auditing, tax and business consulting. Eric serves on the Board of Governors of his alma mater, Shepherd University, having been appointed by Governor Earl Ray T...2023-11-0116 minLast PaycheckSpooky Financial Mistakes: A Halloween SpecialArchie and Rob discuss this spooky mistake you could make: not matching your investment portfolio to your time horizon. This episode on YouTube: https://youtu.be/XnzqS0RAOaM Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you. Visit: http://www.thelastpaycheck.com If you'd like to chat with...2023-10-2517 minLast PaycheckYear-End Tax Planning: Tips to Save in Q4 with Eric LewisArchie and Eric Lewis, CPA will cover 4th quarter action items to save on taxes. Eric has worked in public accounting and hi-tech finance since 1995. Most recently, he was Executive Director of Walker Ventures, a $100 million early stage venture capital fund located near Baltimore, Maryland. Eric has served as Chief Financial Officer at two venture capital-backed high tech companies and has worked with large regional CPA firms in auditing, tax and business consulting. Eric serves on the Board of Governors of his alma mater, Shepherd University, having been appointed by Governor Earl Ray Tomblin in February 2016. Eric...2023-10-1820 minLast PaycheckRetirement Health Insurance ABCs: Understanding Medicare with Scott Aschoff: Part 2Rob and Scott continue their conversation from last week, sharing more advice on retiree health insurance. In this episode, they focus more on Medicare Supplement plans and how to choose the right one for you. Scott's bio: With Scott’s 25 years of experience working in insurance, he is a great resource as the Senior Account Executive for Medicare BackOffice. His goal is to help advisors and agents provide a resource to help their clients with their Medicare needs. Scott has worked both as an agent and advisor and directly with clients which makes him the p...2023-10-1116 minLast PaycheckRetirement Health Insurance ABCs: Understanding Medicare with Scott Aschoff: Part 1Rob welcomes Scott Aschoff from Medicare Back Office to the show, and the two discuss retiree health insurance. With open enrollment right around the corner, Rob and Scott provide valuable insights and information for those nearing retirement and considering their healthcare options. Scott's bio: With Scott’s 25 years of experience working in insurance, he is a great resource as the Senior Account Executive for Medicare BackOffice. His goal is to help advisors and agents provide a resource to help their clients with their Medicare needs. Scott has worked both as an agent and advisor and d...2023-10-0418 minLast PaycheckHow Much Money Do You Really Need to Retire? Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you. 2023-09-2817 minLast PaycheckAnnuity Remorse: Is There a Way Out?Archie and Rob delve deeper into the topic of annuities. Rob shares a real-life example of a client who felt trapped in an annuity due to low interest rates and a long surrender charge period. They explain how annuities often involve high fees and surrender charges, and emphasize the importance of reading the prospectus and understanding what you're buying before making the investment. They touch on various options for getting out of an annuity, including surrendering the contract beyond the surrender charge and the tax implications involved. This episode on YouTube: https://youtu.b...2023-09-2017 minLast PaycheckUnderstanding Annuities: Exploring the Pros and Cons of this Retirement OptionThis week, Archie and Rob dive into the often controversial topic of annuities. They start off by defining what annuities are and how they were initially invented to mitigate the risk of outliving one's money. Throughout the episode, they discuss the different types of annuities, including immediate and deferred annuities, variable and fixed annuities, and fixed index annuities. Archie and Rob explain how annuities can help mitigate investment risks, provide guaranteed income streams, and offer preferential tax treatment. However, they also caution listeners about the complexity of annuities and the potential for substantial commissions associated wi...2023-09-1316 minLast PaycheckUnderstanding Bonds: Do You Need Them in Your Retirement Portfolio?Today, Rob and Archie discuss the role of bonds in a retirement portfolio. They explain the differences between stocks and bonds, how bonds work, and the risks associated with owning bonds. They also discuss why owning bonds in retirement can be beneficial despite lower expected returns compared to stocks as bonds may provide stability and income during market downturns. This episode on YouTube: https://youtu.be/QKxv2xe40Pg Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you reti...2023-09-0616 minLast PaycheckDo You Need Life Insurance in Retirement?5 Reasons you may actually need life insurance while you are retired. This episode on YouTube: https://youtu.be/-uP-1SZNJ_8 Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you. Visit: http://www.thelastpaycheck.com If you'd like to chat with Rob or Archie further...2023-08-3015 minLast PaycheckReading Your Economic Tea LeavesCan you predict the financial future of the markets? This episode breaks down ways to stay prepared, and what not to do when it comes to trying to read the economic tea leaves. This episode on YouTube: https://youtu.be/HvxVOVcnAMI Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is fo...2023-08-2316 minLast PaycheckYour Four Course Financial Free LunchSavvy ways to maximize your tax benefits when giving in your retirement years. This episode on YouTube: https://youtu.be/H2fNHS3BcVI Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you. Visit: http://www.thelastpaycheck.com If you'd like to chat with Rob or...2023-08-1618 minLast PaycheckRetiring Without Stocks: Can You Afford It? You may not like stocks and the risks that come with owning them. However, few other assets have the same history of building wealth. Tune in to learn why you may want reconsider this bias. This episode on YouTube: https://youtu.be/0iMVvkZNMIo Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this...2023-08-1115 minLast PaycheckEmergency Fund: Should You Retire With It? There are tons of reasons to have an emergency fund when you are working. Those reasons do not go away when you retire. They may become more important than ever. This episode on YouTube: https://youtu.be/cW8Phwy65hQ Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is fo...2023-08-1015 minLast PaycheckTo Mortgage or Not Mortgage, That Is the Question. Should you pay off your mortgage before you retire or save more during your working years? Tune in to learn about the technical and emotional factors you may want to consider. This episode on YouTube: https://youtu.be/_y2736SibwY Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you. Vis...2023-08-0910 minLast PaycheckFinancial Control in Your Golden Years Living your best financial life without going broke. Tune into learn about 5 financial control levers that you have before and during retirement. This episode on YouTube: https://youtu.be/_y2736SibwY Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you. Visit: http://www.thelastpaycheck.com If you'd like...2023-08-0814 minLast PaycheckWhat Does a Happy Retirement Look Like? Recent research suggests that a happy retirement may be different than you think. Chances are, it will look different than your parents retirement. Tune in to learn more! This episode on YouTube: https://youtu.be/OzjPUv1G0gs Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you. Visit: http://www.th...2023-08-0711 min