Last Paycheck

In 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 c...

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:  ✅ Wh...

In 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 sa...

Welcome back to the Last Paycheck Podcast! CFP Professional Rob Hoxton and Financial Advisor Jimmy Sutch dive into one of the most common questions about retirement: "How do I know if I've saved enough for retirement by now?"  Rob and Jimmy break down popular retirement savings rules of thumb, like how many times your annual salary you should have saved at different ages, and analyze real-world av...

How 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 d...

In 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,...

Welcome 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 c...

Have 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 saf...

☎️ 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 m...

Welcome 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,...

In 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 plannin...

In 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 sec...

In 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 th...

In 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...

Welcome 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 discipline...

In 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 fro...

Welcome 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 inc...

Welcome 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 lastpaych...

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...

Welcome 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...

It'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...

Welcome 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 Rot...

Welcome 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...

In 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, whe...

Welcome 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 offer...