Last Paycheck

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 timelines. They discuss the significance of stock price versus value, citing examples of overvalued stocks and the importance of diversification. They stress the need for periodic rebalancing and potential red flags such as an over-concentration of stocks in a portfolio. Additionally, they share valuable insights on historical bubbles and the challenges of market timing.

Watch on YouTube: https://youtu.be/WTn-FIk-5mg

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 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, offering insights into how changing inflation levels impact their attractiveness as an investment. Additionally, they address the taxation and liquidity aspects of I bonds, providing a well-rounded analysis for potential investors.

Watch on YouTube: https://youtu.be/IW3rvRDIXMg

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 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 compound interest and the impact of early and consistent contributions to retirement savings. They also address common misconceptions and provide practical advice for navigating the complexities of retirement planning.

Watch on YouTube: https://youtu.be/aCrZSYZpz-Y

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 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 such as CDs, money market funds, and high yield savings accounts, painting a picture of how these changes could impact individuals' financial strategies.

They also touch on the potential consequences for the stock and bond markets, offering insights into potential investment strategies relating to the changing interest rate environment. With their expertise as certified financial planners, Archie and Rob provide perspectives on how individuals can navigate and make informed decisions in response to potential interest rate movements.

Watch on YouTube: https://youtu.be/vQSw9OT_olI

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 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 listeners to scrutinize the legitimacy of sources, particularly in the digital age where deceptive content is rife.

They stress the significance of seeking out data-driven information and being wary of fear-mongering tactics employed by some outlets. Offering examples from their own experiences, they highlight the need to approach expert opinions with a critical mindset and remind the audience to take breaks from media to focus on life's meaningful aspects.

Watch on YouTube: https://youtu.be/d0aGmm7ahrs

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

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 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

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

- Contribution limits - Deferral limit increasing from $22,500 to $23,000 - 50 years or older - "catch-up contribution" is $7,500 - Simple plan - deferral from $15,500 to $16,000 -50 years or older - "catch-up contribution" is $3,500

- IRA deductible increasing - $6,500 to $7,000 - 50 years or older - "catch-up contribution" is $1,000

- Health Savings Accounts - Individual: $3,850 to $4,150 - Family plan: $7,750 to $8,300

- Cost of living benefit increasing by 3.2%

- Estate taxes - Annual gift tax exclusion increasing from $17,000 to $18,000 - Basic exclusion amount: $13,000,618 per person - At the end of 2025, these numbers will revert unless made permanent

- Roll over 529 Funds into a Roth IRA - https://youtu.be/ryQoUOAsPcU

- Required Minimum Distribution (RMD) - People born after the year 1959, the age increases to 75 (2033)

-Qualified charitable distributions - https://youtu.be/PCZNHnGHxdw - Increasing from $100,000 to $105,000

Watch on YouTube: https://youtu.be/tiYJA772Uc4

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 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 completely, they highlight looking at your portfolio and savings to ensure you're earning enough for the lifestyle you want to lead.

Rob and Archie delve into the balance this lifestyle takes and some potential pitfalls for anyone considering working toward this goal. They stress the importance of thinking ahead - what does the next 40 or 50 years have in store, and how do you plan on overcoming potential hurdles if you retire early?

Your Money or Your Life by Vicki Robin: https://www.amazon.com/Your-Money-or-Your-Life-audiobook/dp/B07DLBZ5DW

Watch on YouTube: https://youtu.be/S8sEuC9jXJI

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

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 leaving a legacy, such as charitable donations, donor advised funds, and charitable remainder trusts.

They provide real-life examples, consequences, and solutions so you can think ahead.

New York Times article: https://www.nytimes.com/2013/04/28/nyregion/holocaust-survivor-left-an-estate-worth-almost-40-million-but-no-heirs.html

Watch on YouTube: https://youtu.be/h7W9O9wj2Vs

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 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 and when to start claiming them

- Making decisions about pensions and how they fit into your retirement plan

- Evaluating the risk in your investment portfolio and considering tax implications

Watch on YouTube: https://youtu.be/RlMoQU1rlUU

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