Welcome to the Last Paycheck Podcast; CFP Professionals Archie and Rob Hoxton unravel the hidden traps of lending money without even realizing it. Kicking off with the pitfalls of tax refunds and overpayment, they reveal how Uncle Sam benefits from your hard-earned money without paying interest. They then pivot to scrutinize checking accounts and how excessive balances can serve as interest-free loans to banks. Gift cards also come under fire, with billions in unused balances bolstering corporate profits.

They also touch on practices in sweep accounts and the dubious ethics of some major financial institutions. With practical advice on optimizing your financial strategies, this episode is an eye-opener for anyone looking to avoid lending money unknowingly and ensure they get a fair market rate on their savings. Reach out to Hoxton Planning and Management if you think you're lending money without knowing!

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

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

Listen in on conversations with CFP Professionals 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

Last Paycheck contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained in the presentation should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Archie and Rob are investment advisor representatives of Hoxton Planning and Management LLC, a registered investment advisor.

Welcome back to Last Paycheck Podcast, hosts and CFP Professionals Rob and Archie Hoxton tackle a common yet critical financial question: how much cash should one keep on hand? They talk about the nuances of maintaining an emergency fund, highlighting the importance of liquidity versus the temptation to invest cash reserves in the stock market. With market conditions fluctuating, they discuss various cash instruments and their appropriateness based on individual circumstances, such as high-yield savings accounts versus CDs.

The episode explores scenarios that may warrant larger cash reserves, like having aggressive investments or variable income. Additionally, they address timely concerns about potential interest rate cuts and their impact on savings strategies.

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

Watch on YouTube: https://youtu.be/VEy3QI75ZDc

Listen in on conversations with CFP Professionals 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

Last Paycheck contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained in the presentation should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Archie and Rob are investment advisor representatives of Hoxton Planning and Management LLC, a registered investment advisor.

In this week's episode of the Last Paycheck Podcast, hosts and CFP professionals Rob and Archie Hoxton discuss the advice from financial coach Dave Ramsey about taking Social Security early at age 62 and investing the funds. They talk about the complexities and risks associated with this strategy, emphasizing that such a significant decision shouldn't be taken lightly or made based on generalized advice.

The episode highlights the importance of individualized financial planning and the potential pitfalls of expecting high returns from mutual funds. They underscore the benefits of delaying Social Security to maximize returns and the considerations one should make, especially if Social Security is a primary income source.

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

Watch on YouTube: https://youtu.be/u_7MjM9LRuA

Listen in on conversations with CFP Professionals 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

Last Paycheck contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained in the presentation should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Archie and Rob are investment advisor representatives of Hoxton Planning and Management LLC, a registered investment advisor.

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, CFP professionals Archie and Rob Hoxton talk about the concept of owning nothing and renting everything. They explore the lifestyle of individuals who have embraced full-time renting to maximize flexibility and minimize the burdens of ownership. They discuss various rental scenarios from everyday items like clothing and tools to larger investments like RVs and homes, weighing the advantages and potential drawbacks. Rob shares his personal experiences with rental tools and the idea of renting golf clubs, while Archie brings his perspective on controlling monthly cash flow and long-term costs. They conclude that while this lifestyle may not be for everyone, combining strategic renting with ownership could offer a balanced, cost-effective approach to living.

Find the Wall Street Journal article here - https://www.wsj.com/personal-finance/renting-lifestyle-economy-cars-furniture-clothes-b7329a4a?st=tbwqjdq162ff2tn

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

Watch on YouTube: https://youtu.be/amNler3-0mw

Listen in on conversations with CFP Professionals 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

Last Paycheck contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained in the presentation should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Archie and Rob are investment advisor representatives of Hoxton Planning and Management LLC, a registered investment advisor.

Welcome back to Last Paycheck Podcast, hosts and CFP Professionals Rob and Archie Hoxton talk about the complexities of the current housing market to answer the pressing question: should you buy a house now or wait? With interest rates significantly higher than in recent years and a limited supply of new homes, they explore how historical trends since the Great Recession have led to today's unique market challenges.

They discuss the implications for both first-time buyers and those looking to downsize as they approach or are in retirement. Offering a blend of statistical insights and personal anecdotes, Rob and Archie provide valuable guidance on timing, interest rates, and the impact of local market conditions.

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/08pCDDQIrCE

Listen in on conversations with CFP Professionals 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

Last Paycheck contains general information that is not suitable for everyone and was prepared for informational purposes only. Nothing contained in the presentation should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice. Archie and Rob are investment advisor representatives of Hoxton Planning and Management LLC, a registered investment advisor.

In this week's episode of the Last Paycheck Podcast, hosts Archie and Rob Hoxton talk about the alarming trend highlighted in a recent Moneywise article by Maury Bookman: 46% of middle-class workers have reduced or stopped their 401K contributions due to inflation and high prices. Exploring the broader economic backdrop, they discuss how rising living costs and stagnant wages compel people to cut back on crucial retirement savings.

They also emphasize the detrimental impact of growing consumer debt and the missed opportunities from halting contributions, such as losing employer matches and tax benefits. They highlight the long-term costs, illustrating how skipping even a year of contributions can significantly reduce retirement savings. Throughout the episode, Archie and Rob advocate for maintaining some level of contribution, offering practical tips to navigate financial challenges while planning for a secure retirement. Tune in for insightful advice on how to weather economic uncertainties without sacrificing your financial future.

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/TKIpvgoTQoo

Listen in on conversations with CFP Professionals 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 and Rob Hoxton react to a video promoting the concept of "infinite banking" or "be your own bank" using whole life insurance policies. The video creator makes claims about earning high returns and borrowing money for free. Archie and Rob break down these claims, explaining the differences between banks and insurance policies, and how policy loans actually work.

They emphasize that while cash value life insurance has its place, it should be purchased for the right reasons, such as providing a permanent death benefit for loved ones who rely on you financially. The hosts caution against buying insurance solely for minor features like policy loans, as this can lead to potential tax consequences if not managed carefully. They conclude by acknowledging that borrowing against a policy can be a useful tool, but it's just one of many options available.

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/pdIdTBUzUM4

Listen in on conversations with CFP Professionals 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, CFP Professionals Archie Hoxton and Rob Hoxton discuss the common mistakes people make when leaving a job and deciding what to do with their 401(k). They emphasize the importance of staying organized and informed to avoid costly errors. The hosts outline three main options: leaving the 401(k) with the former employer, withdrawing the funds (which can incur significant taxes and penalties), or rolling the balance into a new employer's plan or a rollover IRA.

They highlight the potential pitfalls of each option, such as forgetting about the account, incurring unnecessary taxes and penalties, or leaving the funds uninvested in cash. Archie and Rob stress the importance of understanding the specific industry terms and seeking professional guidance to navigate the process and make the best decision for your financial future.

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/PwKXtO40shY

Listen in on conversations with CFP Professionals 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