06252016Sat
Last updateFri, 24 Jun 2016 5pm

News

LASD trustee submits resignation

Los Altos School District Trustee Tammy Logan announced at the June 13 board meeting her intention to resign from the board.

Logan, who has served on the board for six years, cited personal reasons for her departure and added that she is resigning...

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Schools

Kick, Lead, and Dream marks 10 years of inspiring youth

Kick, Lead, and Dream marks 10 years of inspiring youth


Megan V. Winslow/Town Crier
Campers at the Kick, Lead, and Dream summer camp pile on their coach, bottom, in green shirt. The relationships among campers and their coaches is a special element of the camp, which encourages positivity, leadership and...

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Community

Free summer concerts on tap Thursdays in Los Altos, Mtn. View

Free summer concerts on tap Thursdays in Los Altos, Mtn. View


Courtesy of the Peelers’ Facebook page
The Peelers, shown here in action, have the distinction of being scheduled to play at both the Los Altos and Mountain View summer concert series.

The warm air will be crackling with the sounds of live music...

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Comment

Letters to the Editor

Land purchase is best option for school district

The Los Altos School District Board of Trustees made a decision to pursue the purchase of an additional school site at its June 13 board meeting.

While we are excited about the possibilities for an ...

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Business

Beauty for the boardroom: Los Altos startup styles for work, after hours

Beauty for the boardroom: Los Altos startup styles for work, after hours


Courtesy of BFab
The Los Altos-based BFab app builds on Silicon Valley singularities to style everything from participants in an Indian wedding, above, to business leaders going on camera.

Los Altos resident Sharon Cimring met business partner Margo...

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People

DR. BILL B. MAY

DR. BILL B. MAY

September 2, 1935 – June 6, 2016 Los Altos Hills 

Bill Bruce May, beloved husband, father, and grandfather, passed away peacefully at age 80 on June 6th, 2016, with his family at his side. He was born in Sturgis, South Dakota to parents John ...

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News

LASD trustee submits resignation

Los Altos School District Trustee Tammy Logan announced at the June 13 board meeting her intention to resign from the board.

Logan, who has served on the board for six years, cited personal reasons for her departure and added that she is resigning at this time so that voters in November can selec...

Readmore

Business

Beauty for the boardroom: Los Altos startup styles for work, after hours

Beauty for the boardroom: Los Altos startup styles for work, after hours

Courtesy of BFab
The Los Altos-based BFab app builds on Silicon Valley singularities to style everything from participants in an Indian wedding, above, to business leaders going on camera.

Los Altos resident Sharon Cimring met business partner Margo Myers through their teenage daughters. Cimring ha...

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Sports

Hills golfer wins division at Lemoore Junior Open

Sophie Siminoff of Los Altos Hills won the girls 15-18 title and finished second overall at the Kyle Simonson-Lemoore Junior Open last week.

The 16-year-old beat Clovis’ Morgan Polley by three strokes at the two-day tournament, held June 13 and 14 at Lemoore Golf Course.

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Community

Free summer concerts on tap Thursdays in Los Altos, Mtn. View

Free summer concerts on tap Thursdays in Los Altos, Mtn. View

Courtesy of the Peelers’ Facebook page
The Peelers, shown here in action, have the distinction of being scheduled to play at both the Los Altos and Mountain View summer concert series.

The warm air will be crackling with the sounds of live music as both Los Altos and Mountain View launch summer...

Readmore

Comment

Letters to the Editor

Land purchase is best option for school district

The Los Altos School District Board of Trustees made a decision to pursue the purchase of an additional school site at its June 13 board meeting.

While we are excited about the possibilities for an innovative new school on this site, the purchase i...

Readmore

Spiritual Life

Islam's holy month of fasting, prayer and charity ends with joyful holiday

For the more than 1.6 billion Muslims around the world, Ramadan has begun.

Observed the ninth month of the Islamic calendar (this year beginning at sundown June 6 in the U.S. – dates vary slightly by country), Ramadan is a time of fasting, prayer and charitable activities. It is considered on...

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People

DR. BILL B. MAY

DR. BILL B. MAY

September 2, 1935 – June 6, 2016 Los Altos Hills 

Bill Bruce May, beloved husband, father, and grandfather, passed away peacefully at age 80 on June 6th, 2016, with his family at his side. He was born in Sturgis, South Dakota to parents John and Weltha May, and grew up on a ranch outside Stu...

Readmore

Schools

Kick, Lead, and Dream marks 10 years of inspiring youth

Kick, Lead, and Dream marks 10 years of inspiring youth

Megan V. Winslow/Town Crier
Campers at the Kick, Lead, and Dream summer camp pile on their coach, bottom, in green shirt. The relationships among campers and their coaches is a special element of the camp, which encourages positivity, leadership and good sportsmanship.

To the casual onlooker, the K...

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Stepping Out

End of 'Autumn'

End of 'Autumn'

Kevin Berne/Special to the Town Crier
Susan Greenhill and Mark Anderson Phillips star in “The Velocity of Autumn.”

TheatreWorks’ regional premiere of “The Velocity of Autumn” is slated to close Sunday at the Mountain View Center for the Performing Arts, 500 Castro St.

Written by Eric Coble, th...

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Obituaries

DR. BILL B. MAY

DR. BILL B. MAY

September 2, 1935 – June 6, 2016 Los Altos Hills 

Bill Bruce May, beloved husband, father, and grandfather, passed away peacefully at age 80 on June 6th, 2016, with his family at his side. He was born in Sturgis, South Dakota to parents John and Weltha May, and grew up on a ranch outside Stu...

Readmore

Magazine

Aging Matters: Take preventive steps to avoid slips and falls

Aging Matters: Take preventive steps to avoid slips and falls

Courtesy of silver sneakers
An exercise program like Silver Sneakers Fitness can help seniors with strength, balance and flexibility.

The statistics on seniors who slip and fall are startling. According to the U.S. Centers for Disease Control and Prevention:

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Education IRAs aren't just for kids' college anymore

By now, you might have heard that beginning in 2002, you can contribute up to $2,000 annually to an Education IRA, compared to the current $500 yearly maximum. What many people aren't aware of is that recently passed tax-reform legislation greatly expands what you can spend this money on.

Previously your Education IRA could only be used to pay for college expenses. Beginning in 2002, you can tap these funds tax free to pay for a gamut of qualified school-related expenses not only for college but also for private and public primary and secondary educational institutions. Qualified expenses may include: computer equipment and software (no games) used by the student and other household members for educational purposes; Internet service used by the student and other household members for educational purposes (e.g. research for a term paper); tutoring; school uniforms; books and school supplies; transportation; room and board and tuition; and extended-day school programs.

By paying these and other education-related expenses with your Education IRA, you pay no taxes on your withdrawals, which gives you more buying power.

For example, if you contributed the $500 maximum to an Education IRA this year for your newborn child and then contributed the $2,000 maximum next year and every year until your child turns enters kindergarten, you could potentially accumulate $15,465 at an 8 percent annual compounded rate of return.

That money can be withdrawn tax free, which is a much better deal than if you had saved that money in an interest-bearing savings account and then had to pay taxes on the interest you earned.

Consider using a combination of an Education IRA and a 529 college savings plan if you want to save for your children's college and primary and secondary school education. The 529 plans can only be used for college expenses, but the Education IRA could be available to pay for school-related expenses until college. However, unlike other savings plans such as Education IRAs, anyone at any income level can contribute to a 529 plan.

Beginning next year, 529 plan withdrawals also will be federally tax-free. In addition, U.S. residents can participate in any state's 529 plan and set up accounts for their children, grandchildren, friends or even themselves. But keep in mind that each state's plan may invest your contributions differently and levy its own costs and fees. Be sure to shop around for the 529 plan that best fits your needs.

Education IRAs and 529 plans are a one-two punch that is hard to beat. With college expenses increasing faster than inflation, parents need all the help they can get. Your financial consultant can help you determine which savings plan, or combination, is the best strategy for you.

Steve Zeller is a financial consultant with A.G. Edwards & Sons Inc., member SIPC, 379 Lytton Ave., Palo Alto 94301. For information, call 326-5010.

Submit a Letter to the Editor

The Town Crier welcomes letters to the editor on current events pertinent to Los Altos, Los Altos Hills and Mountain View. Write to us at 138 Main St., Los Altos 94022, Attn: Editor, or email editor Bruce Barton at bruceb@latc.com. Because editorial space is limited, please confine letters to no more than 200 words. Include a phone number for verification purposes. Anonymous letters will not be printed.

You can also have your say right here at losaltosonline.com – scroll to the bottom of any story to add a comment. 

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