NOVEMBER 22nd, 2024
David C. Livingston
http://www.ThingsWorthSaving.com
303 Kipukai Place
Honolulu, Hawaii 96826
808 542-4945 808 441-6836 Fax
NEW EMAIL ADDRESS
David@DavidLivingstonHawaii.com
“Things Worth Saving Vol 1148”
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Sales & Marketing Executives
Honolulu
SALESPERSON OF THE YEAR
Each year the distinguished SPOY alumni join together to induct the newest honoree.
Past recipients reflect the best of Honolulu and have each contributed
in unique ways to promote and improve our community.
Janet Kelley, SME President, has asked me to chair the SPOY event this year honoring the 2024 Sales Person of the Year. I’m seeking nominations. Please submit your recommendation to David@DavidLivingstonHawaii.com
2023 Salesperson of the Year: Chad Buck
Chad Buck, founder, owner and CEO of multiple companies including Hawaii Foodservice Alliance, is the Sales & Marketing Executives of Honolulu’s 2023 Salesperson of the Year. Buck will be honored at SME’s annual gala on June 13th at the Sheraton Waikiki.
2021 Salesperson of the Year: Charlene “Cha” Thompson
Charlene “Cha” Thompson, has been a leader at the forefront of the visitor industry in Hawaii, with Hawaiian and Polynesian Entertainment, as well as throughout the Pacific and Asia, for over 50 years. Alongside her husband Jack “Tihati” Thompson, they became founders of Tihati Productions.
2019 Salesperson of the Year: Mufi Hannemann
Hannemann, who is Honolulu-born and of Samoan / German/ English ancestry, has served the community of Hawaii in various influential roles and organizations in the public and private sectors and non-profit world. He was elected mayor of the City and County of Honolulu in 2004 and was re-elected to a second term in 2008.
2018 Salesperson of the Year: Nainoa Thompson
SME Honolulu is proud to announce our 2018 SPOY recipient, Master Navigator and President of the Polynesian Voyaging Society, Nainoa Thompson.
2017 Salesperson of the Year: Eric K. Yeaman
Eric Yeaman joined First Hawaiian Bank (NASDAQ: FHB) as President and Chief Operating Officer on June 22, 2015. He oversees the bank’s Retail Banking Group as well as its Strategic Planning and Investor Relations, Digital Banking, Enterprise Technology, Operations Services and Bank Properties Divisions. He is also a member of the bank’s Senior Management Committee.
2016 Salesperson of the Year: Jean Rolles
Each year, the Sales & Marketing Executives recognize one member of the community who greatly enhances the image of Hawaii and the quality of life. This year, the association is proud to announce our latest recipient. Praised for her work ethic, community involvement and philanthropy, Jean Rolles is widely regarded as a significant contributor to the business community.
2015 Salesperson of the Year: Vance Roley
V. Vance Roley joined the University of Hawai‘i Shidler College of Business as dean and First Hawaiian Bank Distinguished Professor of Leadership and Management, on January 1, 2005.
2014 Salesperson of the Year: Dennis Francis
Dennis Francis was honored as president and publisher of the Honolulu Star-Advertiser, and oversees Oahu Publications, the San Francisco Examiner & weekly newspapers in San Francisco. Editor & Publisher, the industry’s leading magazine, in 2013 named him “Publisher of the Year” for his effective leadership and generous charitable work.
2013 Salesperson of the Year: Stanford Carr
Born and raised on Maui, Carr is known in Hawaii for building communities on a foundation of family living, the spirit of the islands, and respect for the land. From master-planned communities to resort-style living to affordable housing, Mr. Carr has embraced each of his projects with enthusiasm and fervor resulting in Stanford Carr Development being recognized as one of the most dynamic and successful real estate developers in Hawaii.
2012 Salesperson of the Year: John Dean
John Dean was honored as President and CEO of Central Pacific Bank. A 30-year veteran of the financial services industry, Dean joined CPB in 2010 and led the then-troubled bank’s recovery efforts. In three years he oversaw a $325 million capital raise, helped revitalize the company’s core values and led the bank to nine consecutive quarters of profitability.
ADDITIONAL PAST RECIPIENTS
2011 Vicky Cayetano
2010 Rick Blangiardi TRIBUTE VIDEO
2009 Steven Ai & Carol Ai May
2008 Mark Dunkerley
2007 Governor Linda Lingle
2006 Eddie Flores
2005 Rex Johnson
2004 Anthony R. Guerrero, Jr.
2003 Keith Vieira
2002 Dr. Evan Dobelle
2001 Peter H. Schall
2000 Michael Perry & Larry Price
1999 Don Ho
1998 Chatt G. Wright
1997 Ed Hogan
1996 Rick Ralston
1995 George R. Ellis
1994 Dr. Richard R. Kelley
1993 Frank De Lima
1992 Walter A. Dods, Jr.
1991 Patricia F. Saiki
1990 Ruth M. Ono, Ph.D.
1989 Robert J. Pfeiffer
1988 C. Dudley Pratt, Jr.
1987 Kenneth F. Froelich
1986 John W. A. “Doc” Buyers
1985 Christopher B. Hemmeter
1984 Frank J. Manaut
1983 Mackay Yanagisawa
1982 Al Harrington
1981 John Henry Felix, Ph.D.
1980 James F. Gary
1979 George Mason
1978 R. W. “Bob” Holden
1977 George Chaplin
1976 Herbert C. Cornuelle
1975 Senator Daniel K. Inouye
1974 Danny Kaleikini
1973 John D. Bellinger
1972 Henry A. Walker, Jr.
1971 Hilo Hattie
1970 Tap Pryor
1969 Jack Lord
1968 Jack de Mello
1967 Lowell S. Dillingham
1966 Chinn Ho
1965 Dr. Thomas H. Hamilton
1964 Neal S. Blaisdell
1963 Robert Krauss
1962 Rev. Abraham Akaka
1961 Webley Edwards
1960 Duke P. Kahanamoku
1959 Henry J. Kaiser
1958 William F. Quinn
1957 Daniel S. C. Liu
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Shared by Richard Weylman
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This is huge for (Hawaii) homeowners! I am in this situation, where a large portion of my retirement is in my primary residence, which my wife and I plan to sell, since we are empty nesters. I have been asking CPAs and Financial Advisors about this for months and no one could give me a definitive answer. Through my own research, I have come across the article below and did the attached scenario through AI. If you have owned your house and have have a huge amount of equity in it, you can utilize these two IRS codes to sell your property and not pay taxes on the equity.
Personal Residence to Rental - The Super Tax Break Did you know that you can avoid paying tax on more than $500,000 of gain on your home? Many people are aware of the advantages of Internal Revenue Code Section 121, which allows a married couple to exclude up to $500,000 of gain on the sale of their personal residence ($250,000 for a single taxpayer). Although this amount of gain is generous in most areas of the country, in some states homeowners receive more than $500,000 of profit when they sell their home. That additional profit is subject to federal and state capital gains tax and net investment income tax (Medicare tax). What is much less understood in the real estate world is that a homeowner can avoid paying all of the tax on their home by converting it to a rental. Once the home is converted to a rental, the owners can sell it and use both the Section 121 exclusion of gain and the Section 1031 deferral of gain provisions to exclude some of the gain and defer paying tax on the rest. Most tax advisors recommend renting the home for at least two years to establish it as a rental, but if you rent it for too long, you could lose the ability to benefit from the Section 121 exclusion, since that provision requires that you have lived in the home as your primary residence at least two of the past five years. For example: John and Mary Smith have lived in their home for twenty years. They acquired it for $100,000 and it is now worth $1 million, so if sold, they would have $900,000 of gain. If they sell it without converting it to a rental, they would be able to exclude $500,000 of gain but would have to pay capital gains tax on the additional $400,000 of gain. John and Mary decide, however, to convert their property to a rental. After renting it for two years, they sell it for $1 million. Since they used the home as their primary residence at least two of the past five years, they are able to exclude $500,000 of the gain. They can then use the remaining funds to acquire replacement investment property in a 1031 exchange and defer paying tax on the balance of the gain. In order to accomplish this, they must set up the 1031 exchange prior to closing on the sale of the property. In order to completely defer the remaining gain, the traditional rule is that the investor must acquire replacement property with a fair market value equal to or greater than the relinquished property, and must invest all of the equity from the relinquished property into the replacement property. When gain has been excluded under Section 121, however, the amount of value and equity required to invest in the replacement property is reduced by the amount of gain that was excluded under Section 121. Homeowners who decide to combine a sale of their primary residence with a 1031 exchange need to comply with all of the rules of Sections 121 and 1031 in order for this to work. Revenue Procedure 2005-14 explains how the two statutes may be combined for one property. This ruling includes not only the situation mentioned above, but also a sale of a personal residence with a home office or separate guest house that is rented. Some of the requirements to keep in mind are:
This article discusses some general concepts, but you should consult with your tax advisor and contact an Exchange Company to set up your tax deferred exchange. I hope you can use this strategy to your retirement advantage. Mahalo, Don Dietz - R, CRS Oahu Realty Pro Team 808-255-3598 RB-20588
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We lost another Legend –
Rosie the Riveter
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Mercury Club Guest Speaker
Monday noon,November 25th, at the Pacific Club
Jerome Berlinger
Does my company have to report its beneficial owners?
I’m Jerome Berlinger.
I left St. Louis in 1978 and moved to Hawaii. My first job was as an accountant for Grant Thornton. I already had an MBA from the University of Louisiana Monroe but need more education to take the CPA exam. While working for Grant Thornton, I passed the CPA exam and struck out to pursue my desire to work for myself. After some work for other CPA firms, I put out a shingle. It took a couple of years eating Spam to make it work, but finally got enough clients to pay the rent. With forethought, I invested my retirement and got to where I am today – retired.
Even though retired, I will do consulting for startup business and am also a part owner of Heart Cards Global LLC. I have been a mediator for the Mediation Center of the Pacific and an Arbitrator for the State of Hawaii doing Lemon Law arbitrations. I am a graduate of classes with the Personal Success Institute and a member of the Men’s Leadership group.
Jerome Berlinger
PO Box 796
Honolulu, HI 96808
808 384 3450
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Keith Chow aka Chef-Zilla sez, "When I first started cooking professionally my Chef mentor Chef Robert Loo, from New York, who trained with Master Top Chef Alex Guarnachelli taught me the very basics to cooking was to learn the "Mother Sauces" the very basis for every professional chef. Special mention to Chef Trase Wagner who cooked side by side with me many a night when Chef Robert took the evening off at Belladonna Restaurant on Waialae Avenue in Kaimuki next to Coffee Talk in 2011, which later we were bought by Top Chef Lee Anne Wong Hale Ohuna Noodle House, Chef Kevin Hanney 12th Avenue Grill, and is now currently The Surfing Pig. After that I went on to cook with Chef Ed Kenney (of Town Kaimuki and Mud Hen Water) at Downtown@HISAM Hawaii State Art Museum, the Ilima Awards and Hawaii Food and Wine Festival with Chef Ed, Chef David Passanisi EAT Honolulu at Na Lama Kukui OHA Plaza, I became Pastry Chef at Iron Chef Morimoto at Modern Hotel Ala Wai Yacht Harbor Marina with Chef Masami Komiyama -Sama, I also became a Private Chef with "The Chef to the Stars" Chef Jason Paul Walker, and most currently after taking a few years off became Chef de Partie with Chef Alexandre Petard who was formerly Executive Chef of BLT Trump Waikiki, and Alohilani Resort, and Ritz Carlton Waikiki, who now owns Shark's Den Bar and Grill at Airport Honolulu Hotel where I also play music there with The Groove an "Oldies" R&B band, as well as other bands. Chef Alex has put me in charge of booking the entertainment at Shark's Den as his Entertainment Director. So when I'm not cooking, I'm playing music at Shark's Den.
Mahalo,
Keith Chow aka Chef-Zilla
Shark's Den Bar and Grill
Airport Honolulu Hotel
3401 North Nimitz Hwy
Honolulu, HI 96819
Website: www.sharksdenbarandgrill.com
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Pacific Edge Man Event
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Love your comments!
Aloha and Mahalo Dave,
As always the photos are awesome, Mahalo for what you do. I'm glad you got to prove to your wife you were working.
Much Aloha
Warmest Regards,
Lis
Hi David,
Just sending you a note of aloha and thanking you for the many wonderful events, pictures, charities you have supported since we met back in 2007. Amazing!
Thank you for leading and setting great example for everyone.
You truly are an "Artiste Extraordinare".
3 Cheers for you.!!!
Aloha
Carla von & Geoff Milford
Navy League event pals
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" First of all, every day in this audience ("The View" June 25, 2024), it's a tough conversation to have. The truth is, everybody's gonna die at some point. Don't leave it for your kids to deal with. Get a PrePlan, make a will. Do not wait until you die. You're leaving people in pain at your loss, trying to figure out what you wanted. Tell people what you want before your demise." Whoopi Goldberg, author, comedienne, actress, EGOT winner (one of only 19), co-host of "The View."
Whoopi is right. However, a preplan is different from a will. A will is to state who you want to leave any property or money you might have. A Pre-Plan is for you to decide whether you want a traditional/casket or cremation. You can make the decisions now as to where you will be buried, or whether you want to be cremated and your ashes scattered, or whether you want a niche, a family plot, or have your own mausoleum, etc. With a Pre-Plan, you will be able to give peace of mind to those close to you and to yourself. Being prepared is an important part of the life you are living. I can help you prepare yourself for the inevitable no matter when it might arrive. Yes, you 
can take care of planning your end-of-life now and be sure that your loved ones will be able to follow your personal instructions. If you plan well in advance, you will prevent their suffering and sudden financial costs. Don't know where to start? Give me a call. I will help you with your Pre-Plan. You will be able to give peace of mind to those close to you and to yourself. Please call me today. I can help you just like I have assisted more than 10,000 Hawaii families and individuals make their plans for cremation or burial. And, if you travel often, you can also purchase a lifetime travel plan for $499 that, in case you should die while away from Hawaii, will pay to bring your body back – a procedure that can cost thousands of dollars and occurs more often than you may think. Thi s is something you can do that is positive and will be of help to family and friends alike.
A Pre-Plan is a very powerful thing to do. So please do this while you still can, and those who love you can celebrate your life with you now, not after it's too late.
L inda Rose Herman
Pre-planning Advisor
Hawaiian Memorial Park & Funeral Services/Borthwick Mortuary
(808) 864-3505
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If you have anything you'd like to share in "Things Worth Saving" please e-mail me your text to David@DavidLivingstonHawaii.com (Word Files can also be cut and paste into this document or JPEG – No PDF’s) - Many thanks to all of the contributors over the years. The editing is done Thursday evenings - we start broadcasting late Thursday Night and all day Friday, Saturday and Sunday - it now takes 3 days to get it out to all 22,000 readers - If I get an article after Thursday it goes in the next issue (Unless it's outdated). To take yourself off the "Things Worth Saving" distribution list just reply with “unsubscribe" and you're off or Hit the unsubscribe button on the Newsletter! To add your friends to this newsletter https://flowingblue.com/things-worth-saving-newsletter/
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