Thu08282014

News

A flood of candidates seek seats on high school board

Two incumbents and five newcomers are vying for seats on the Mountain View Los Altos Union High School District Board of Trustees – a significant increase in the number of candidates who have run over the past 10 years.

According to data from the Sa...

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Schools

One more candidate joins MVLA race

When longtime incumbent Judy Hannemann declined to run again, the deadline to file for the upcoming Mountain View Los Altos Union High School District Board of Trustees election was extended by a few days. Mountain View resident Sanjay Dave registere...

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Community

CSA salutes 'Hometown Heroes' at breakfast

CSA salutes 'Hometown Heroes' at breakfast


Mendoza

The Community Services Agency’s 2014 “Hometown Heroes” fundraising breakfast is scheduled 7:15 a.m. Sept. 19 at the Computer History Museum, 1401 N. Shoreline Blvd., Mountain View.

“Hometown Heroes” honors individuals and businesses for...

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Sports

No suit, no sweat

No suit, no sweat


Courtesy of the Gallagher Family
Joe Gallagher – a 12-year-old from Los Altos Hills – swims from near Alcatraz Island to the San Francisco shore. His uncle, Joe Locke, an accomplished open-water swimmer, accompanied him.

For his recent s...

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Comment

Back to school, back to thumbs: Editorial

The kids are back in class at our local schools and a new political campaign season is underway, so we have our thumbs out and ready to go.

Thumbs-up: To last week’s community workshop for rebuilding the Los Altos Community Center. The Aug. 19...

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Business

Sweet Shop celebrates five-year anniversary

Sweet Shop celebrates five-year anniversary


Ellie Van Houtte/Town Crier
The Sweet Shop at 994 Los Altos Ave. marks its fifth year in business Sept. 7. The shop is a popular after-school stop for families and students.

When Stacy Savides Sullivan opened the Sweet Shop at 994 Los Altos...

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Books

"Jack London" chronicles author's adventurous life


Much has been written about American author Jack London, primarily known for his early-20th-century Western adventure novels, including the classics “White Fang” and “The Call of the Wild.”

In Earle Labor’s biography of the literary icon, “Jac...

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People

JEFF JOHNSON

JEFF JOHNSON

Jan 10, 1967 - Aug 10, 2014

Jeff was born and raised in Los Altos. He was a graduate of Los Altos High School. He then went to Foothill College where he had an opportunity to spend 3-months in Europe through a study abroad program. That experience...

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Travel

Visiting Vancouver Western Canada's premier destination has much to offer

Visiting Vancouver Western Canada's premier destination has much to offer


Photos courtesy of TOURISM VANCOUVER
Outdoor adventures abound in and around Vancouver, including a boat excursion into Horseshoe Bay and a jaunt on the Cliffwalk at Capilano Suspension Bridge Park, among the most popular attractions in British Col...

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Stepping Out

'Water' rises in Mtn. View

'Water' rises in Mtn. View


Kevin Berne/Special to the Town Crier
Elliot (Miles Gaston Villanueva) struggles to understand Odessa’s (Zilah Mendoza) online activity in TheatreWorks’ regional premiere of the award-winning drama “Water by the Spoonful.”

TheatreWorks’ regiona...

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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Magazine

Los Altos Hills home showcases resort-inspired living

Los Altos Hills home showcases resort-inspired living


Courtesy of Spectrum Interior Design
In place of a more traditional fireplace, this modern living room features a linear-flame firebox that emits heat while offering a sculpturelike design element.

After traveling the world and visiting a host o...

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How to avoid the pitfalls of sudden wealth

In my May 29 column (“Is sudden wealth a blessing or curse?”), I discussed the dark side of newfound wealth, the financial and psychological impact that, according to one report, results in 90 percent of lottery winners going broke within five years.

Now I’d like to share some simple strategies to avoid ending up penniless and/or in a mental institution.

• Don’t act – take stock. You’ve got to put something in place to control your behavior to make sure that you don’t lose that money. This is the time to create a plan for your future – your goals, your aspirations and the costs associated with them. If you are unable to do it yourself, seek help from a financial planner. That’s what they do. You may call it a retirement plan, or a “rest of your life” plan, but its purpose is to ensure that you have a road map to follow to maintain enough capital to support your goals, both now and in the future. Whatever you choose to do with your money, it’s important that you look after yourself first.

• Set aside enough of your wealth to achieve your plan – and I’m not talking about investing it. If your winning lottery ticket, inheritance or other windfall provided enough money to last you the rest of your life, why risk it at all?

Invest it instead in safe assets such as U.S. Treasury bonds or bank CDs. You can even leave it in a bank checking account. (Keep in mind, however, that CDs and bank accounts are each insured only up to $250,000. You might want to diversify your holdings across numerous banks to manage the remote but possible risk of bank failures.) If you do need to invest your fortune, your plan should help you avoid risking more than necessary.

• Monitor your investments as well as your spending. Discipline in managing your wealth and cash flow will be critical to your ongoing success. If you do not have a strong history of frugality, consider hiring a professional team comprising a financial planner, tax accountant and estate attorney.

• Now it’s time to consider others. Do you have a brother-in-law who is looking for funding to start a business? Maybe a nephew who wants to attend law school? Or a friend with cancer and no insurance? It’s fine to help them financially as long as it does not negatively impact your plan.

• If you’re charitably inclined, donate money to your favorite causes or use donor-advised funds. A solid plan should allow you to compare different scenarios and make tradeoffs without compromising your future. If your windfall is especially large, you may even be in a position to create your own foundation. In any case, get help to determine the tax consequences of your choices – you likely will be dealing with unfamiliar tax liabilities.

• If you still have money left after all these considerations, do whatever you want with it. Think of this last bucket as “play” money. Build a pound for stray animals. Buy a Tesla. Go to Las Vegas. Although money will not buy happiness, you can still use it to generate a little fun.

Keep in mind that no one has an infinite amount of money to spend. Even Bill Gates has a plan for his wealth, and you can bet he manages it carefully.

Los Altos resident Artie Green is a Certified Financial Planner with Cognizant Wealth Advisors. For more information, call 209-4062.

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