Last Paycheck

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...

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,...

Happy 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 s...

In 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...

Welcome 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 40...

Welcome 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 epi...

In 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...

Let'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,...