In this episode of Last Paycheck Podcast, CFP Professionals Rob and Archie Hoxton dive into a commonly faced financial dilemma: what to do with life insurance policies and annuities that no longer seem necessary.

They explore a range of solutions, starting with simply retaining the policy, which could still fulfill vital financial needs. The discussion extends to potential pitfalls like surrender charges, market value adjustments, and tax implications for those considering canceling their policies. Rob and Archie also educate listeners on the tax-saving benefits of a 1035 exchange. Emphasizing the importance of informed decision-making and fiduciary advice, they aim to ensure listeners avoid rash moves that could lead to financial losses.

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

Watch on YouTube: https://youtu.be/Vw3ymAlt_sI

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.