Last Paycheck

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...

In 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...

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 scenar...

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...

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 t...

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 duri...

In 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 S...

Welcome 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 cli...

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...

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 timeline...

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, offeri...

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 c...

In 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...

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 lis...

Archie 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 conve...

Confused 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 - Contribu...

In 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...

What 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 leav...

In 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...