Last Paycheck

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 the dreaded IRMA (Income Related Monthly Adjustment Amounts) that can inflate Medicare premiums.

Emphasizing the importance of strategic financial planning, they provide insights into leveraging various tax buckets—IRA, Roth IRA, taxable accounts, and HSAs—to mitigate these financial surprises. The episode serves as a crucial guide for retirees aiming to navigate the murky waters of tax implications and highlights the value of comprehensive financial advising. Tune in to learn how to protect your retirement from these hidden financial torpedoes.

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website www.hoxtonpm.com

Watch on YouTube: https://youtu.be/8q9V7UUvxOw

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.

Visit: http://www.thelastpaycheck.com

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 Caleb, emphasizing the importance of responsible financial decisions and the dangers of an entitlement mindset.

The second half of the episode focuses on another clip featuring Dave Ramsey, where the topic shifts to stock market investments. The hosts explore Ramsey's advice on mutual funds and diversification, offering their professional take on the subject while cautioning listeners about the perils of conspiracy-thinking.

If you think you could use some financial advice tailored to your situation, make sure to contact Rob and Archie!

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

Watch on YouTube: https://youtu.be/lKi1AOXr_gs

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.

Visit: http://www.thelastpaycheck.com

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 prevalence and stress caused by financial regrets. They tackle issues like consumer debt, ineffective spending habits, and the dangers of lending money to friends or family. They stress the necessity of an emergency fund and the often-overlooked lifestyle changes that accompany retirement.

Whether you're nearing retirement or just starting your financial journey, make sure to reach out to a professional financial planner to discuss your best options!

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

Watch on YouTube: https://youtu.be/Pm3I4xryQvg

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.

Visit: http://www.thelastpaycheck.com

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 scenarios, such as online shopping for free shipping, car upgrades, and credit card reward points, highlighting how retailers exploit these behaviors.

While there are situations where spaving can be beneficial, Archie and Rob stress that it often results in overspending and accumulating debt. They caution listeners to be mindful of behavioral traps like anchoring and scarcity tactics used by retailers. Tune in as they shed light on this financial phenomenon and offer wisdom to help you retire comfortably.

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

Watch on YouTube:

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.

Visit: http://www.thelastpaycheck.com

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 tactics that can lead consumers to spend beyond their means and discuss strategies to negotiate better deals at the dealership. They advise listeners on using financing as a negotiation tool, the importance of understanding loan terms like prepayment penalties, and the psychological aspect of car buying.

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

Watch on YouTube: https://youtu.be/Csqhj26tgqc

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.

Visit: http://www.thelastpaycheck.com

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 to avert past crises in the Social Security system and discuss potential changes that could ensure its longevity. They examine possibilities such as increasing payroll taxes, adjusting full retirement ages, modifying early retirement penalties, and altering the income cap for Social Security taxes. Additionally, they emphasize that Social Security was intended as a supplemental rather than a primary income source in retirement, advocating for robust personal retirement planning.

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

Watch on YouTube: https://youtu.be/lvDJN2kEZYg

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.

Visit: http://www.thelastpaycheck.com

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 during times of economic uncertainty, such as inflation and geopolitical tensions.

As they explore the practicalities and risks of owning physical gold versus gold-related financial products (like ETFs and gold mining stocks), they highlight the differences between gold and traditional investments in terms of returns and liquidity. They also discuss the potential of gold as both an investment and speculative tool, emphasizing the importance of one's objectives and the amount invested in determining its role in a diversified portfolio.

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

Watch on YouTube: https://youtu.be/dhP-pW6HgDo

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.

Visit: http://www.thelastpaycheck.com

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 Sea Company bubble, the dot com era's irrational exuberance, and recent phenomena like DJT - Donald Trump's Truth Social's SPAC-fueled market fling.

Through the tale of Isaac Newton's investment misfortunes, they illustrate that intelligence doesn't exempt one from the pitfalls of investing based on hype. They explain the fundamental differences between investing and speculating, emphasizing emotional management to resist fads. Remember - hope is never a good investment strategy!

Watch on YouTube: https://youtu.be/dhP-pW6HgDo

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.

Visit: http://www.thelastpaycheck.com

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation

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 clip. They correct the false narrative that 401(k)s were created post-Great Depression and address the misconception that saving for retirement through these plans is ineffective. They also analyze a second video that promotes cash value life insurance as a better alternative to traditional retirement saving methods. They advocate for responsible investing and emphasize the importance of proper research, debunking myths, and offering insightful commentary on tax implications, fiduciary duty, and insurance products.

Watch on YouTube: https://youtu.be/5ltaOLp4Du4

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.

Visit: http://www.thelastpaycheck.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 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 discusses crucial financial strategies for building wealth, beginning with establishing an emergency fund to insulate against risk. They advise on taking advantage of tax-smart investments, employer 401(k) matches, and avoiding high-interest consumer debt. The episode underscores the power of long-term investing and homeownership in wealth accumulation, advocating for automated saving plans and consistently growing one's investment portfolio. Through patience and prudent financial habits, you could be a millionaire, too.

Watch on YouTube: https://youtu.be/FMy3evXIllc

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.

Visit: http://www.thelastpaycheck.com

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation