Get Your House In Order

Steve Tokita from Caring Transitions literally helps us “Get Our Houses in Order” by guiding us through the process of conducting an estate sale. While online auctions have made the process more efficient, most are unaware that estate sales rarely produce a profit. Intro 0:00 Personal Story 3:24 Tips  Basics - 6:00 • An estate sale is a liquidation sale of tangible personal property. • Estate sales are often held by the family of a deceased. • Anything on a property not attached to the house can be included. • Estate sales are held for properties not considered wealthy. • Some estate sales are conducted to de-clutter a home. The Process - 7:00 • The first step is an assessment to determine if a sale makes sense. • If the decision is to move forward a property inventory is conducted. • Clients determine items to be kept and items to be put up for sale. • An online auction occurs, buyers are invoiced. • The market sets prices during the online auction. Expectations - 12:15 • Many times an estate sales are not profitable.  • Proceeds often serve as an offset to the costs of clearing a property. • Estate sale companies help determine the most cost effective solution. • Estate sale companies provide online auction platforms. • Online auctions open estate sales to a global audience. Pitfalls - 17:05 • Sellers remorse often occurs since some items sold can be personal. • Most sellers expect to profit from an estate sale. • Reserve prices set on emotional values usually won’t sell. • Profitable estate sales are rare. First Steps - 19:45 • Include the family when deciding on which items to sell. • Competition within a family can be resolved through the online auction. • Jewelry, coins and vehicles are currently hot items. • Fine Chinaware is currently very difficult to sell. The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order. To download the Ho'okele Guidebook: http://hawaiigetyourhouseinorder.com #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #lifeinsurance #estateplanning  FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

Yvonne Ahearn, founding broker, and attorney from Oahu Compass discusses current trends in Hawaii real estate and explains how ‘Right Sizing’ is reshaping the market.  Into - 0:00 Personal Story - 3:20 Tips  Trends - 5:20 • On average U.S. citizens move every five to eight years. • On average U.S. citizens move eleven times over a lifetime. • U.S. citizens move more often during younger ages. • Changes in family and at work are common motivating factors. Covid - 6:15 • During Covid, many families have sought out larger living spaces. • Upsizing became common due to increased time spent at home. • The importance of home life became a priority.  Downsizing - 7:00 • Smaller living spaces are less expensive.  • Leveraging equity from a larger property is common. • Changes in family often drive downsizing decisions. • Decluttering is a good first step.  Rightsizing - 9:00 • Rightsizing is the biggest current trend. • Our aging population wants accessibility, not large yards. • Many developers are making buildings friendly for lifelong occupancy. • Condominiums are often more cost effective than large homes. Leveraging Equity - 11:45 • The value of many homes in Hawaii has increased dramatically. • Some rent out large homes while residing in a smaller condo. • Storing large amounts of personal stuff is one drawback. • Paring down, gifting and donating excess stuff can be very healthy. Recommendations - 17:30 • Minor repairs and remodeling elevates property value. • Landscaping elevates property value. • Proper staging of a home elevates property value. • The return on investment from these strategies is often double. • Find an experienced real estate agent aligned with your values and need. The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order. To download the Ho'okele Guidebook: http://hawaiigetyourhouseinorder.com #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #lifeinsurance #estateplanning  FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

Hawaiian Financial Federal Credit Union’s Vice President of Electronic and Support Services Hollie Kamai helps us get our financial houses in order by informing us on the importance of wealth building throughout life.   Tips Wealth Building - 6:45 • Wealth building is setting aside money for long term goals. • Income, savings and investments are the three pillars of wealth building. • It’s always best to start building wealth early in life. • Remain steadfast in your long term financial goals. • Inform yourself with the best resources and professional guidance. How Much to Save - 8:40 • Consistency over time is the most important factor. • Starting early in life is key. Rainy Day Funds - 9:25 • Best to have 3 - 6 months expenses saved in a savings account. • Rainy day funds help protect against unanticipated emergencies. • Setting aside small amounts adds up over time. What About Keiki? - 9:50 • Begin teaching the principles of money management as early as possible. • HIFICU’s Kids Club savings account serves members newborn -12 years old. • Prizes provide incentive as they grow older. • Money in an HIFICU savings account earns dividends. Advantage Savings Account - 11:20 • Offered to HIFICU youth members age 13-22. • Helps youth establish financial independence. • Members age 16 and older are eligible for an Advantage Checking account. • Members age 16 and older are eligible for their first credit card. Financial Products for All Ages - 11:50 • VIP Money Market Account is a tiered savings account. • Share Certificates earn higher dividends than a savings account. Investing - 13:50 • Stay in your comfort zone. • HIFICU is a good resource to assist your research. • HIFICU certified financial advisors are available to assist you. Long Term - 14:40 • Set realistic goals. • Everyone is different. • Keeping an emergency fund of 3-6 months expenses is a good rule. Setbacks - 15:00 • Stay the course when setbacks occur. • Contribute whatever you can to your savings. • Start your savings plan as early as possible. • HIFICU certified financial advisors are available to assist you. Never Too Late - 15:30 • It’s never too late to start saving. • HIFICU has individual retirement accounts. • HIFICU has individual retirement account certificates. • Everyone wishes they started younger. • Saving for your future is investing in yourself. Managing Risk - 17:25 • A Share Certificate is a term selected time deposit. • A Share Certificate locks in your rate of return. • Share Certificates are safe investments for the risk averse.  Budgeting - 19:10 • Managing expenses in an important part of saving money. • Money not spent can be invested for the future. Short Term Goals - 20:05 • HIFICU’s Christmas Club Account helps set aside money for the holidays. • HIFICU offers low interest rate loans for buying a car. • HIFICU offers low interest rate loans for buying a home. • HIFICU helps you on your financial wellness journey.  Final Words of Advice - 21:15 • Set realistic goals. • Don’t try to do too much too soon. • Consistently saving a little over a long time is good strategy. • Income, savings and investments are the three pillars of wealth building. The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order.

Derrick Kaw of Air & Sea Travel Center discusses the many benefits of traveling, a very timely topic after so many of us have stayed home for the larger part of two years due to Covid. Deciding where to go is the first step in reinvigorating and recapturing your spirit of travel.    Intro - 0:00 Personal Story - 3:45 Tips  Choosing a Destination - 6:33 • Deciding where to go is the first step in recapturing your spirit of travel.  • Deciding where to go often depends on age and interests. Pros and Cons - 7:30 • Traveling alone allows the freedom of choice. • Traveling alone requires significant research. • Individual travelers often lack direct knowledge of locations. • Traveling with a tour group lacks some flexibility of choice. • Tour group leaders often have direct knowledge of locations.  • Tour groups allow for free time to explore destinations. Current Trends - 9:02 • People in Hawaii want to travel to Asia.  • Many Covid related obstacles still exist. • Destinations with fewer restrictions have become popular.  • Costs for group trips to Turkey are much lower than normal. Staying Organized - 12:20 • Traveling alone requires significant logistical planning. • Tour groups often provide travel planning guides. • Pack only essentials for efficient travel. Staying Safe - 14:10 • Never show cash in public places. • Use credit cards as much as possible. • Make and keep an extra copy of your passport. • Cultural sensitivity is an important of being safe abroad. Travel Insurance - 17:26 • Medical coverage offers stand alone health protection.  • Full coverage includes trip cancelation costs as well as medical costs. • Many countries now require some form of medical travel insurance. • The cost of travel insurance usually depends on your age.  • All travelers should have some form of travel insurance.  The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order. To download the Ho'okele Guidebook: http://hawaiigetyourhouseinorder.com #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #lifeinsurance #estateplanning  FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

Hawaiian Financial Federal Credit Union’s SVP of marketing Paulette Ito breaks down the “Get Your House In Order” campaign and accompanying Ho’okele guidebook. Download and complete your Ho’okele today at HIFICU.com/GYHO so you can live your best life by being well, being safe and being prepared. Tips  Ho’okele Guidebook - 0:00 - 8:10 • Ho’okele 1.2 is now available for download at HIFICU.com/gyho. • Your Ho’okele contains all your most important information.  • The new Ho’okele guidebook is part of a four part series.  • A new Ho’okele guidebook will be available each quarter. • Each new Ho’okele guidebook builds upon previous versions. Campaign Response - 8:11 • We all share a similar need to record our most important information. • We all share a similar desire to protect our loved ones. • Many have requested assistance with financial planning. • Hawaiian Financial Federal Credit Union offers free financial planning services. Just Do It - 11:45 • Download your Ho’okele and begin the process today. • Completing your Ho’okele takes effort, focus and family conversations. • Completing your Ho’okele provides peace of mind. • Completing your Ho’okele may alert you to overlooked issues. • Schedule time to work on your Ho’okele guidebook.  How to Begin - 15:00 • Begin a family conversation so all are informed of the process. • Begin filling out your Ho’okele guidebook at any point. • Assist family members with their Ho’okele guidebooks. • The process will prompt important family conversations. • Download your Ho’okele guidebook today at HIFICU.com/GYHO. Stories - 17:30 • The “Get Your House in Order” program clearly resonates. • Go to HIFICU.com/GYHO to share your GYHO stories! • Ho’okele 1.1 and 1.2 are available for download now.  • Ho’okele 1.3 and 1.4 will be available in the near future.  • Getting your house in order will help you lead your best life. #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan  FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

Estate planning expert and attorney Jennifer Okubo Polido helps us get our legal house in order by walking us through some of the important issues regarding wills, trusts and establishing a power of attorney to ensure your wishes and directives are followed. The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order. To download the Ho'okele Guidebook: http://hawaiigetyourhouseinorder.com #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #lifeinsurance #estateplanning  FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

Yunji De Nise talks to Mark Faildo, a licensed sales agent from Premier Benefit about Medicare, medicare Advantage and Medicare Supplemental Insurance options. For the last past 12 years Mark has been a Medicare Advantage/Supplement Agent and represents all the Medicare carriers here in Hawaii. He is equally compensated by these carriers and therefore, provides his services free of charge. You may have heard him offering helpful facts and guidance about Medicare on KSSK. We now have who Michael W. Perry refers to as “Mr. Medicare” to give us some information on Medicare. This is Mark Faildo of Premier Benefit Consultants. Hawaiian Financial Federal Credit Union wants you to live your best life by being well, being safe and being prepared. Get your house in order by downloading the Ho’okele planning booklet. To download the Ho'okele Guidebook: https://www.hificu.com/about-us/promos/get-your-house-in-order #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #medicalinsurance #estateplanning  FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

Learn about selling your property and buying property in Hawaii’s market with Kay Mukaigawa. Kay Mukaigawa is the President and Principal Broker of Engel & Völkers, with ranch offices in Downtown Honolulu, the Stadium Mall and most recently the Kuono Market Place in Kahala. Her parent company, Primary Properties, continues to have a branch office in Tokyo, Japan. The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order. To download the Ho'okele Guidebook: http://hawaiigetyourhouseinorder.com #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #lifeinsurance #estateplanning  FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

If you passed away would your loved ones be okay? Wealth Advisor from INPAC Wealth Solutions, Karl Sadanaga shares about the importance of life insurance and who will need it. The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order. #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #estateplanning #lifeinsurance  To download the Ho'okele Guidebook: http://hawaiigetyourhouseinorder.com FOLLOW US: IG & FB @hawaiigetyourhouseinorder http://hawaiigetyourhouseinorder.com

Mental wellness is central to feeling good and caring for loved ones. The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order. #GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #estateplanning  FOLLOW US: IG & FB @hawaiigetyourhouseinorder https://hawaiigetyourhouseinorder.com