Hawaii
‘This is a first-world problem’: I earn $210,000 and I’m 59. My wife and I want to move to Hawaii. Is it too late to get a mortgage?
OK, so this is a first-world problem, but I can’t seem to find a clear answer. My annual income is $210,000 per year and I’m 59. I plan on retiring in 1.5 to 3 years. This retirement will be retirement in name only since I plan on consulting about 20 hours a week. My wife and I want to move to Hawaii when I “retire” and I want to buy a house.
Here’s my question: How easy will it be for me to get a home mortgage in my anticipated semi-retired state? I am asset rich, but my $210,000 income will not be as steady as lenders may want.
My current net worth is around $6 million with the following breakdown: $2.3 million in retirement accounts, $500,000 in taxable accounts, and the rest in real estate. I own my home outright and I have rental properties that generate an average of about $11,000 per month cash return after all expenses.
“‘My current net worth is around $6 million with the following breakdown: $2.3 million in retirement accounts, $500,000 in taxable accounts, and the rest in real estate.’”
I anticipate my net worth will increase to closer to $7 million when I retire. I will be receiving a pension of about $5,000 per month once I retire from my current job and I will likely earn at least, gross, $120,000 per year when I consult. This amount is based on what a former coworker is earning as a consultant.
I plan on making a relatively large down payment of at least 50%. This would likely make my mortgage around $750,000. Like I said, I really can’t find a clear answer. Are there strategies I should plan on using? Are there things I can do now to make things easier to get a mortgage when we move to Hawaii?
Thanks in advance for your advice.
Staying Ahead of the Game
Read: ‘I’m in my peak earning years’: I work full time and will soon turn 67. Should I wait until I retire at 70 to collect my Social Security?
“If you like what you do, it’s smart to keep working even part-time.”
MarketWatch illustration
Dear Staying,
“Hawaii, here I come!” That’s as good a mantra as any for someone embarking on a retirement or semi-retirement (with apologies to the playwright Brian Friel).
My preference is for you to use one or your rental properties to buy a house outright, and enjoy your retirement without a 15- or 30-year mortgage over your head, and/or take out the mortgage now with your W-2 and pay it off when you feel like you are nearing full-time retirement, and want to reduce your expenses. It will, of course, be more difficult to get a mortgage when you are working part-time, even with a hefty downpayment.
If you took out a mortgage, even with 50% down, on a property in Hawaii where the average house price is $840,928 — per estimates from Zillow
Z,
— you will be paying a chunk towards interest in those early years. The tipping point where you end up paying more principal than interest comes after a dozen years. You’ll be in your early 70s. On the plus side, Hawaii has the lowest property tax in the nation (at 0.27%) and prices have risen 38% over the last five years.
“The tipping point where you end up paying more principal than interest comes after a dozen years. You’ll be in your early 70s. ”
If you like what you do, it’s smart to keep working even part-time. Whether it’s for financial reasons or because people love what they do or simply want to stay busy, more than half of workers said they plan to continue working in their retirement, according to a survey released last month by the Transamerica Center for Retirement Studies. The US Bureau of Labor Statistics said that nearly 27% of Americans aged 65 to 74 were still working.
You’re doing better than most. The average retirement balance in the U.S. hovers at around $408,420 for people aged 55 to 64, but the median retirement balance — which is the midpoint and is not skewed by outliers who have a lot in their accounts like you and/or those who have very little — is $134,000 for that same age group, according to data from the Federal Reserve’s Survey of Consumer Finances. But even that might be optimistic.
Keep doing what you’re doing, but you want all of that hard work to pay off, and the best way you can do that is to keep your monthly expenses as low as possible during your retirement. Taking out a mortgage loan, whether it’s over 15 years or 30 years, would be a large burden when you are on a fixed income. But you know what I tell my retired friends? We’re all on a fixed income! If you have a limited income in retirement, having zero-cost housing will help.
You can email The Moneyist with any financial and ethical questions at qfottrell@marketwatch.com, and follow Quentin Fottrell on X, the platform formerly known as Twitter.
Check out the Moneyist private Facebook group, where we look for answers to life’s thorniest money issues. Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns.
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Previous columns by Quentin Fottrell:
‘Buy a yacht,’ he told me. My fiancé, 67, is cutting his kids out of his will — and leaving everything to me. Should I be suspicious?
My uncle persuaded my ailing grandmother to cut everyone else out of the family trust. Do we have a case against him?
My 8-year-old son was given $35,000 in gold bars. Do we hold onto them — or sell and invest the money?

Hawaii
Hiker killed on Kauai trail identified by loved ones

HONOLULU (HawaiiNewsNow) – A California woman who died from injuries she suffered while hiking on Kauai last month has been identified.
According to the Kauai Fire Department, the woman was hiking Makaleha Falls Trail in Kapaa on Sunday, March 23, when she was hit on the head by a falling rock.
First responders said they found her unconscious at the base of the falls, with labored breathing and heavy bleeding from an apparent head wound.
She was airlifted to Wilcox Memorial Hospital and then to Queen’s Medical Center in Honolulu.
Loved ones identified her as Gianna Buzzetta, and said she died on March 24. The 26-year-old had worked as a pastry chef in Carlsbad.
According to her family, Buzzetta was hiking with her boyfriend, who ran to get help.
A fundraiser has been set up here to help with medical and funeral expenses.
Copyright 2025 Hawaii News Now. All rights reserved.
Hawaii
Potential Albino Whale Calf Spotted Off Makaha, Hawaii

The elusive white whale in real life. Photo: KHON2//Screenshot

Divers off Makaha on Oahu were treated to an incredibly rare sight on March 28 when they saw a potential pygmy albino blackfish whale, known outside of Hawaii as either false killer whales or short-finned pilot whales.
“[The Blackfish is] one of four species that we call Blackfish because they’re all kind of black in color and hard to distinguish,” said Dr. Jessica Jacob, assistant professor at Hawaii Pacific University. “Based on the shape of the fin and the white lips, I would say it’s a pygmy killer whale.”
Although the false killer whales have skull shapes that closely resemble that of an orca, they aren’t closely related. Like orcas, though, they are a toothed species. They’re normally dark grey or black, which is why seeing a white one in a pod was so surprising.
“We noticed there was a white baby with them,” Travis Woo, a safety diver with Iruka Hawaii Dolphin Snorkeling Tours, told KHON2 News. “My initial reaction was euphoria.”
According to KHON2, an albino whale of any species has never been seen off Hawaii. It’s possible that this calf is leucistic, which is a genetic condition where some or all of the whale’s cells don’t produce melanin. It’s different than pure albinism, where there is a complete absence of melanin. Albino animals generally have white or pink eyes.
“It is potentially an albino individual, but there’s really only two ways to confirm that,” Pacific Whale Foundation Chief Scientist Jens Currie explained. “One is to do genetic sampling and look for that mutation that would cause a lack of pigmentation and lack of melanin production, which produces the color of individuals. Or, sometimes, you can examine the eyes of those individuals and the lack of color in their eyes makes them appear pink.”
According to The Cascadia Research Institute, white whale calves would have a hard time reaching adulthood. They said that this particular calf looks to have sunburns and blistering, and due to its coloring, they stand out to predators.
“Usually these dolphins, they go and hunt kind of far off shore and we don’t see them that often, but we’re seeing them hanging in closer to shore trying to guard this calf,” Woo said. “So, they’re sticking with it. We’re all rooting for it and hopefully it makes it. It’s unlikely, but it is possible.”
Hawaii
Hawaii Senate Advances Digital Sports Betting Bill

Key Points
- House Bill 1308 seeks to legalize digital sports betting in Hawaii
- Opponents cited risks of increased social problems and economic disruption
- Those promoting the bill argue that it’ll help generate substantial tax revenue
On March 13, 2025, a key Senate committee in Hawaii pushed forward a proposal to legalize digital sports betting in the state. This proposal, House Bill 1308, has been welcomed by Hawaii sports betting fans with enthusiasm, as expected.
With this proposal, four digital sports betting platforms would be allowed to operate in Hawaii without having any retail locations.
What would change
House Bill 1308 would legalize online sports betting in the state of Hawaii. However, many of the details of this legalization are not covered by the bill. Issues like tax rates and licensing fees were not included in the bill, and these have been keeping discussions active during debates about the bill. Also set to be legalized in the bill is daily fantasy sports, serving further to expand Hawaii’s online gaming options.
If the bill is approved in its current form, the Department of Commerce and Consumer Affairs (DCCA) will lose its oversight on the subject to the Department of Business, Economic Development and Tourism (DBEDT), in what was another critical amendment in the bill.
While there are concerns over legalizing sports betting in Hawaii, Senate members who were part of the House Bill 1308 review committee argue that digital sports betting is already happening in Hawaii but through unregulated, offshore platforms.
Concerns and opposition
For Deputy Attorney General David Williams, a known critic and opponent of this bill, legal sports betting would bring several negative consequences to the state. He argued that credit card debts, bankruptcies, and domestic abuse would rise with more access to online sports betting.
Similarly, Brandon Maka’awa’awa, vice president of the Independent & Sovereign Nation State of Hawaii, criticized the lawmaker’s failure to get an economic impact study before moving the bill forward. Then there’s DCCA Director Nadine Ando, who warned that building a regulated sports betting market afresh would be costly and difficult to achieve.
She further stated that most states with legal sports betting manage their regulatory challenges via dedicated gaming commissions—a resource that may be lacking in Hawaii. Testimony from Boyd Gaming also highlighted that similarly sized states have sometimes seen lower-than-expected revenues from sports betting, potentially undermining funding for regulatory enforcement and responsible gambling programs.
Support for modernization
Many senators feel that it is finally time for Hawaii to embrace digital gaming, despite the wave of opposition. Sen. Donna Mercado Kim has stated that sports betting is already an everyday activity in the state. She even suggested that some of the law enforcement people currently with her have placed bets at
online betting sites
just before pushing out some of the amendments’ provisions.
In her words, proceeds from betting activities can be channeled back into education and for public benefit. Here’s submission aligns with most of what has been the prevailing argument for the benefit of the proposal. The main point is that the revenue that has previously been lost to offshore operators would be captured with the legalization of digital sports betting and then put to good use.
This revenue would help strengthen the state’s finances and modernize its gambling industry. The hope is that it would create an environment that is both competitive and consumer-friendly.
Local economic implications
For traditional Hawaii casino operators and Video Gaming Terminal (VGT) operators, the stakes are particularly high. They are wary of the fact that most of the revenue they make would be cannibalized with the introduction of digital sports betting. Add this to the fact that Hawaii’s tourism and local economies are loosely tied to its existing gaming sector, and you’ll understand why they’re seriously opposing the proposal.
The larger fear is that many of these operators will lose their profits with a swift shift to online betting, ultimately leading to job losses and diminished support for public services.
The road ahead
Now that it has passed a Senate committee review, the next stop for House Bill 1308 is the Senate Ways and Means Committee. This is the last step before the bill is put to a full Senate vote. During this process, further amendments can still be added to the bill.
The challenge before the lawmakers is the task of carving out substantial new revenue streams without causing financial harm to the traditional gaming sector or social harm to the Hawaiian people.
A few issues like tax rates, licensing fees, and regulatory guidelines remain unsettled, and it’s one to keep an eye on.
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