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 c…

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 …

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 s…

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 Account…

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 b…

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…

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-ope…

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 t…

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 ove…

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. 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 …

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 e…

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, high…

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…

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…

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 …

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…

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 i…

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…

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:…

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:…

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 work…

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…

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 o…

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 …

Today, 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 decli…

Archie 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 hi…

Today, 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 grandpar…

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 fi…

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…

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-chang…

Archie 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 ba…

Archie 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 manu…

Archie 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 …

Rob 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 in…

Rob 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 200…

Archie 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 Of…

Archie 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 …

Archie 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…

Rob 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 B…

Rob 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 insur…

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. If you'd like to chat with Rob or Archie fu…

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'r…

This 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 annuit…

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 d…

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?…

Can 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 …

Savvy 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 …

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 wi…

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 …