Intro 0:00

Caroline's Story - 3:18

Preparing for Retirement - 4:57

• Retirement is a financial and emotional decision.

• Not preparing leaves one vulnerable to emotional and financial difficulties.

• Knowing when you want to retire is the first step.

• What do you envision as a successful and fulfilling retirement?

Financial Instruments - 10:27

• Company pension plans, IRAs, and 401ks are most common.

• Most times the employee determines the investment.

• Pretax contributions allow investments to grow tax deferred.

• Consistently contributing is the most important factor.

Start Early - 13:03

• Starting early gives your investments time to compound.

• Investing consistently and properly will grow your retirement savings.

• Working with a financial professional helps manage market volatility.

• Check your investment accounts at least once a year.

Social Security - 16:05

• Claiming social security at age of 62 can reduce benefits by up to 25%.

• Waiting until full retirement age allows you to claim 100% of your benefits.

• Full retirement age allows you to continue working without penalties.

• The retirement age that maximizes social security benefits is 70.

Transitioning - 19:16

• Retirement planning should address emotional concerns.

• Daily work provides structure, identity and a sense of community.

• Planning what you will do during retirement is very important.

• Remaining physically active and mentally engaged is crucial.

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

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