Last Paycheck

In 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...

In 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...

In 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...

In 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 p...

Welcome 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 be...

Welcome 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 advic...

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 co...

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...

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 l...

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 vari...

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...

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 flexi...

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...

In 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...

In 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 polic...

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 (whic...

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...

In 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...

In 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 tr...

Welcome 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...

In 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 dona...

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 n...

In 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...

Welcome 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 t...

On 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...