Carleen MacKay, Emerging Workforce Expert | Jun 2, 2020 | Column, June-July 2020
Even in this time of uncertainty during the COVID-19 pandemic, two simple rules dominate the future of your life’s work and options that are available today: 1) Full-time, regular 8 to 5 jobs are off the radar as the singular source for employment. Sometimes we will work for others this way, but who needs long commutes if they can be easily avoided? 2) Even in the presence of the COVID-19 pandemic, it is likely that we will live longer than any previous generation. Do you wonder how you will handle your financial, mental, emotional and physical health? This is the time to consider multiple strategies.
Eileen Phillips, RN, Attention Plus Care | Apr 5, 2019 | April - May 2019, Giving Care
How do family members prepare for the day their senior needs more help? The kind of help that requires loved ones to re-prioritize their lives. If only there were a date set aside for this change in everybody’s life. Planning on change at this level has never been easy because a plan may not be in place.
Scott A. Makuakane, Counselor at Law, Est8Planning Counsel LLLC | Mar 29, 2019 | April - May 2019, Wisdoms
Receiving an inheritance is like winning the lottery. What could possibly be wrong with that? Callie Rogers, age 16, won $3.1 million in a British lottery. By the age of 22 she was broke, living with her mother, and working three cleaning jobs. William Post won $16.2 million in the Pennsylvania Lottery in 1988…
Michael W. K. Yee, Financial Advisor and Certified Financial Planner | Mar 29, 2019 | April - May 2019, Wisdoms
Searching for warmer weather, moving closer to adult children and grandkids or pursuing a change in scenery are just a few reasons why many Americans choose to move in retirement. These retirees often relocate for emotional reasons, but it’s important to consider the financial impacts, too.
Michael W. K. Yee, Financial Advisor and Certified Financial Planner | Feb 2, 2019 | February - March 2019, Wisdoms
The most important goal for many of my clients is to retire on their terms – which often means planning a long, secure retirement that enables them to check off items on their ultimate bucket list. Retirement requires careful planning in addition to avoiding financial missteps along the way. Here are five common mistakes, and strategies to avoid them…
Michael W. K. Yee, Financial Advisor and Certified Financial Planner | Dec 2, 2018 | Dec 2018 Jan 2019, Wisdoms
Setting New Year’s resolutions is a tradition for millions of Americans who see January 1 as a fresh start. However, we all know how easy it is to have resolutions fall to the wayside as the year progresses.
Fortunately, if the goal you have in mind is a financial one, there are ways you can break it down into steps that will keep you motivated and on track to achieve it.
Stephen B. Yim, Attorney at Law | Sep 27, 2018 | October - November 2018, Wisdoms
It is not just families who disagree about the interpretation of legal documents. There seems to be tension among estate planning attorneys in regard to recommending that clients write down their heartfelt intentions to accompany those documents. Many lawyers believe that it is the form that is most important — that the written legal language will communicate their client’s heartfelt wishes. Others believe that, no matter how carefully written, the form alone cannot transfer intention.
Michael W. K. Yee, Financial Advisor and Certified Financial Planner | Sep 27, 2018 | October - November 2018, Wisdoms
Many parents, in addition to planning for their own future, care deeply about helping their children find their financial footing as they enter adulthood. Having spent decades building up their nest eggs for retirement, they recognize the power of long-term financial planning and hope their children will capture the same benefits by starting to invest while they are young. Convincing someone just starting off in their careers to set aside money for retirement — which to them, may seem like light years away — can be a tough sell.
Michael W. K. Yee, Financial Advisor and Certified Financial Planner | Jul 29, 2018 | August - September 2018, Wisdoms
Another way to consider gifting assets is to set up a charitable trust. Trusts can help you manage highly appreciated assets in a more tax-efficient manner while, in some cases, allowing you to split assets among charitable and non-charitable beneficiaries
Stephen B. Yim, Attorney at Law | May 20, 2018 | June - July 2018, Wisdoms
Before you panic about the new “Hawai‘i Aid in Dying Law,” it’s a great law but not for the reasons you may think. Governor Ige signed the Our Care, Our Choice Act on April 5, 2018 and it will become law on January 1, 2019. The new law’s purpose is to establish a regulated process whereby a mentally competent adult resident of Hawai‘i with a terminal illness and less than six months to live may choose to end life with a prescription.
Scott A. Makuakane, Counselor at Law, Est8Planning Counsel LLLC | Dec 2, 2017 | Dec 2017 - January 2018, Wisdoms
You have a digital estate if you send emails, participate in Facebook and other social networking sites, do online financial transactions, play internet games, or store photos and other important files in the “cloud.” What happens to your digital estate if you become...
Stephen B. Yim, Attorney at Law | Oct 1, 2017 | October - November 2017, Wisdoms
Estate-planning attorneys offer three types of estate plans: the one-size-fits-all, default “state plan;” the standard “black and white” plan; or the “meaningful” estate plan. If you do nothing, the State of Hawai‘i has the Guardianship and Probate Court, which is a...