Wed08052015

News

Residents help police nab burglary suspects

Residents help police nab burglary suspects


Courtesy of Los Altos Police Department
Police used security-camera footage to identify two burglary suspects.

With assistance from the public, Los Altos Police identified two suspects in a residential burglary earlier this year. Police arrested...

Read more:

Loading...

Schools

BCS parents host summer bridge camp for students in need

BCS parents host summer bridge camp for students in need


Zoe Morgan/Town Crier Editorial Intern
Bullis Boosters Summer Bridge Camp counselor Sonia Uppal teaches students the basics of computer coding last week.

The Bullis Boosters Summer Bridge Camp aims to reduce the achievement gap by offering a hands-...

Read more:

Loading...

Community

Los Altos resident continues work toward eradicating No. 1 cause of infant deaths

Los Altos resident continues work toward eradicating No. 1 cause of infant deaths


Courtesy of Marge Shively
Kathy Radford, from left, Ann Roper, Sandy Harapat, Betty Gillmore, Jane Halligan and Laura Griswald stuff envelopes to raise money for spinal muscular atrophy research.

Proceeds from the 13th annual NorCal Walk-n-Roll,...

Read more:

Loading...

Sports

Lovin' Levi's

Lovin' Levi's


Megan V. Winslow/Town Crier
Mountain View’s Austin Johnson, running after the catch, played multiple positions in Saturday’s game.

For Mountain View High’s Austin Johnson and Homestead’s John Rak, the highlight of playing in Saturday’s 41st annu...

Read more:

Loading...

Comment

My solar clothes dryer: A Piece of My Mind

My cousin periodically sends me Internet nostalgia with comments along the lines of “Are you old enough to remember this?” One of her recent items struck me as newly useful in our energy-conservation-conscious times:

The Basic Rules for ...

Read more:

Loading...

Special Sections

Killer crossover

Killer crossover


Gary Anderson/Special to the Town Crier
The 2016 Mercedes-Benz GLC crossover is scheduled to debut this fall in the United States.

After a press drive through the Alsace wine region between France and Germany in the 2016 Mercedes-Benz GLC, we have ...

Read more:

Loading...

Business

Cetrella ventures from seaside to Silicon Valley

Cetrella ventures from seaside to Silicon Valley


Alicia Castro/Town Crier
Managing partner M’hamed Bahet oversees the new downtown Los Altos restaurant Cetrella, which features coastal cuisine and decor that celebrates the Peninsula region.

“Rustic,” “worldly” and ...

Read more:

Loading...

Books

Book Signings

• Fritz and Nomi Trapnell have scheduled a book-signing party 4-6 p.m. Aug. 1 at their home, 648 University Ave., Los Altos.

Fritz and his daughter, Dana Tibbitts, co-authored “Harnessing the Sky: Frederick ‘Trap’ Trapnell, ...

Read more:

Loading...

People

LILLIAN FLORENCE SLAVIN

LILLIAN FLORENCE SLAVIN

April 9, 1921 – July 17, 2015

Lillian Florence Slavin, long-time resident of Los Altos and The Forum at Rancho San Antonio, died peacefully on July 17, 2015.  She was 94 years old.

Lillian was born on April 9, 1921 to William Broadley and Fl...

Read more:

Loading...

Travel

Gearing up: Make travel more civilized with accessories

Gearing up: Make travel more civilized with accessories


Eren Göknar/Special to the Town Crier
San Francisco-based humangear Inc. sells totes, tubes and tubs for traveling.

In travel, as in romance, it’s the little things that count.

Beyond the glossy brochures lie the travel discomforts too mun...

Read more:

Loading...

Stepping Out

Funny 'Forum'

Funny 'Forum'


David Allen/Special to the Town Crier
Foothill Music Theatre’s “A Funny Thing Happened on the Way to the Forum” features, from left, Tomas Theriot, Todd Wright, Mike Meadors and Ray D’Ambrosio.

Some plays are meant to be quite serious, while oth...

Read more:

Loading...

Spiritual Life

Life is fleeting – and you can't take stuff with you

Anyone who knows me knows that I love going to garage and estate sales. I love a bargain. I have enough stuff to live on, so now I seek out things that are interesting to me. I like looking for interesting artwork, though now my wife has tasked me ...

Read more:

Loading...

Magazine

Inside Mountain View

Residents gather at NASA Ames for Pluto Flyby event

Residents gather at NASA Ames for Pluto Flyby event


Megan V. Winslow/Town Crier
NASA Ames’ Pluto Flyover event kindles the imaginations of young attendees.

Sue Moore watched the July 20, 1969, moon landing beside patients and staff members of the San Francisco hospital where she worked as a nurse...

Read more:

Loading...

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.

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos