The Truth about the Vietnam War

This was forwarded to me from the Executive Director of the Hawaii Vietnam Veterans Association. 

This shameful act was well known by most of us serving in Vietnam.  Deeply embarrassing and difficult to accept. Many of our Vietnamese comrades and friends died as a result.   I suppose this act of desertion by Congress is why so many Vietnam Veterans had a hard time adjusting when they returned home.  We felt betrayed and lost confidence in congressional leadership.  That pain is still felt today. 

We All Need to Vote for OHA Trustee Candidate Akina

Please read the letter below from Keli'i Akina addressing the OHA Trustee election and why it is critical for everyone to vote for Akina.  Mahalo!!  Reg Baker


Dear Friends and Family,

In this General Election, it is vital everyone vote for OHA Trustees.

The only question is…

Will you vote for the same 'Old Guard' Trustees?
Dr. Keli`i Akina


Have wasted over $33 Million on pursuing a racially separatist, federally-recognized nation: i.e., Akaka Bill & Na`i Aupuni. (Source: See Footnote 1 below) 
Leads the charge to protect public and Hawaiian assets from being wasted on race-based nation-hood schemes.  The US Supreme Court case Akina v. State of Hawaii has resulted in the shutting down of Na`i Aupuni, a waste of funds the majority of Hawaiians have rejected.

Have ignored their own OHA surveys that show Hawaiians want OHA to spend on meeting real needs, not on political governance. (Footnote 2)
Will continue to fight so that OHA's wealth is spent on what Hawaiians really want and need: housing, education, jobs, and health-care, NOT on governance schemes.  

Have endangered the Hawaiian Trust Fund that, according to an OHA-commissioned audit, "will run out of funds" within a decade based on current spending.  Even after the audit, OHA has continued to squander money on junkets and connected insider projects. (Footnote 3)  
As one of Hawaii's leading watchdogs, Akina will continue to expose OHA's financial waste and mismanagement.  Akina will bring financial reform, transparency and public accountability to the OHA board.

Please pass this information on to others and consider contributing to our campaign at:



1.  Civil Beat:  "OHA Violates Trust Responsibility to Native Hawaiians," by Keli`i Akina, Aug. 2, 2016
2.  Hawaii Free Press:  "OHA Funds Voter Sentiment Survey to Help Incumbents," Aug. 17, 2016
3.  OHA - PKF Pacific Hawaii Report in HFP:  "PKF Report: OHA Will Run Out of Funds," Mar. 27, 2015

Keli'i Akina Interview

Keli'i Akina is running for Office of Hawaiian Affairs (IHA) Trustee at Large.  Change is needed and Mr. Akina can make that change happen.  All voters can and should vote for OHA Trustees.  OHA has the potential to make some very positive changes in Hawaii. Mr. Akina explains why this vote is so important to Hawaii, Hawaiians and all citizens who call Hawaii their home. 

Wealth Wednesday Coming!!

I've been asked to participate in a national broadcast called Wealth Wednesdays.  Collaborating with the American Institute of CPA's and the California Society of CPAs we will be broadcasting every Wednesday early in 2017 a program featuring the nation's top experts on wealth management. 

Wealth management is a subject I have spoken on, written articles for and practiced for over 20 years.  I was one of the first PFS's in Hawaii and was one of 13 CPA's nationwide that wrote the first PFS exam. 

Please check out this promo video of Wealth Wednesdays. My piece is at the end of the clip with Leonard Wright, the creator of Wealth Wednesdays.  Len and I used to do a Financial Fridays radio show based in Las Vegas and broadcast throughout the southwest.


Reg Baker Explains the P's to Sucess

I suppose many "mature" professionals have ambitions of writing a book.  I am no exception. Over the years I have learned and seen many ways to be successful.  For fun, I have tried to make a list of what I have learned using the letter "P" as the first letter of the lesson learned and the chapter.  I discuss some of those "P" in this video.

The Evolution of Obamacare

By - Reg Baker, Host of Business in Hawaii for Think Tech Hawaii

Ever since I was the COO and CFO for HMAA, one of Hawaii’s largest health insurance companies, I have been following the ACA aka Obamacare.

It was widely accepted in the healthcare industry that we did not need nor want the ACA.  This was especially true in Hawaii due to the Prepaid Healthcare act that was passed over 25 years ago.  Many felt that the ACA was just another step in the direction of nationalizing the healthcare industry, which has been proven to be a failure in every country that ever attempted nationalized healthcare. 

Flash forward to today and we find many of those earlier concerns are coming true.  Healthcare premiums continue to increase at double digit rates.  California just announced on Tuesday another 13% increase in premiums.  Hawaii has experienced similar rate increases and very large loses by our local medical insurance companies.  We already lost one local medical insurance company, Family Health, and the mainland has seen record high failures and consolidations.

The only way for smaller medial insurance companies to survive under the ACA is to merge with larger companies to obtain economies of scale and larger risk pools of customers.  This has been happening at an alarming rate and has caught the attention of the US Department of Justice.  This week, the DOJ announced they will be cracking down on these medical insurance mergers and acquisitions claiming that they are unacceptable.    

The US Healthcare industry was one of the best in the world.  We lead the world in setting the bar very high for quality of care, access to care, innovation, research and education.  It is so sad and very scary to see how the ACA has disrupted the best health care system in the world to one that is fighting to survive with record bankruptcies, record levels of mergers and consolidations resulting in dwindling medical insurance companies, physicians retiring faster than we can replace them because of the challenges current providers face and constant regulatory interference. 

If the plan of Obamacare, like many projected, was to create a single payer system, which is another word for nationalized healthcare, then we are clearly moving in that very scary direction.  Let’s hope that it is not too late to save the US healthcare system that was once the best the world had ever seen. 

HealthCare in Hawaii - Part 1

Senator/Dr. Josh Green and Reg Baker discuss healthcare in Hawaii and some national trends.  One very timely discuss is why healthcare costs so much.  Dr. Green and Reg touch on a variety of healthcare topics including costs, regulations, Obamacare (ACA) and much more. 

BEWARE! Orlando Mass-Shooting Scam!!

Issue Number:    IR-2016-89

Inside This Issue

IRS Warns Consumers of Possible Scams Relating to Orlando Mass-Shooting

WASHINGTON ― The Internal Revenue Service today issued a consumer alert about possible fake charity scams emerging due to last weekend’s mass-shooting in Orlando, Fla., and encouraged taxpayers to seek out recognized charitable groups.

When making donations to assist victims of last weekend’s terrible tragedy, there are simple steps taxpayers can take to ensure their hard-earned money goes to legitimate charities. has the tools taxpayers need to quickly and easily check out the status of charitable organizations.

While there has been an enormous wave of support across the country for the victims and families of Orlando, it is common for scam artists to take advantage of this generosity by impersonating charities to get money or private information from well-meaning taxpayers. Such fraudulent schemes may involve contact by telephone, social media, e-mail or in-person solicitations.

The IRS cautions donors to follow these tips:

  • Be sure to donate to recognized charities.
  • Be wary of charities with names that are similar to familiar or nationally known organizations. Some phony charities use names or websites that sound or look like those of respected, legitimate organizations. The IRS website at has a search feature, Exempt Organizations Select Check, through which people may find qualified charities; donations to these charities may be tax-deductible.
  • Don’t give out personal financial information — such as Social Security numbers or credit card and bank account numbers and passwords — to anyone who solicits a contribution. Scam artists may use this information to steal a donor’s identity and money.
  • Don’t give or send cash. For security and tax record purposes, contribute by check or credit card or another way that provides documentation of the gift.
  • Consult IRS Publication 526, Charitable Contributions, available on   This free booklet describes the tax rules that apply to making tax-deductible donations. Among other things, it also provides complete details on what records to keep.

Bogus websites may solicit funds for victims of this tragedy. These sites frequently mimic the sites of, or use names similar to, legitimate charities, or claim to be affiliated with legitimate charities in order to persuade people to send money or provide personal financial information that can be used to steal identities or financial resources.

Additionally, scammers often send emails that steer recipients to bogus websites that appear to be affiliated with legitimate charitable causes.

Taxpayers suspecting fraud by email should visit and search for the keywords “Report Phishing.”

More information about tax scams and schemes may be found at using the keywords “scams and schemes.” 

IRS will Delay Refunds for Certain Tax Credits in 2017

Just an FYI, but look at this new IRS change for 2017.  Many early filers for refunds will be effected.

1.  New Federal Tax Law May Affect Some Refunds Filed in Early 2017

Effective in 2017, a new law requires the IRS to hold all Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) refunds until Feb. 15. This is likely to affect some returns submitted early in the tax filing season. The IRS encourages tax professionals to begin preparing for this change now. Planning is underway for a wider communication effort this summer and fall to alert taxpayers.

Governor of Hawaii Ige and Reg Baker

Reg Baker, Governor Ige, Jane Sawyer (District Director of SBA) and Sherry Menor-McNamara (CEO Hawaii Chamber of Commerce) at Small Business Week Proclamation for State of Hawaii.

Small Business Week here in Hawaii is a really big deal as it should be across the US.  If the small business segment was removed from the US economy it would devastating effects.