Mon03302015

News

Safeway escalator elicits safety concerns from customers

Safeway escalator elicits safety concerns from customers


MEGAN V. WINSLOW/Town Crier
The escalator at the Safeway on First Street poses a safety hazard, some customers allege.

A Safeway shopper who accidentally placed his cart last month on the customer escalator instead of the shopping cart track next to...

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Schools

Los Altos High hosts 30th Writers Week

Los Altos High hosts 30th Writers Week


Above Photo by Traci Newell/Town Crier;
Author Jack Andraka shares his story with fellow high school seniors during Los Altos High School’s Writers Week last week.

Los Altos High School students learned firsthand last week how professionals ...

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Community

Service dogs bring smiles, comfort to veterans at Foothill College center

Service dogs bring smiles, comfort to veterans at Foothill College center


Photos by Megan V. Winslow/Town Crier
Charles Viajar, student and U.S. Navy veteran, brings his four-legged companion Bruno to the Veterans Resource Center at Foothill College. Bruno, a 2-year-old Imperial Shih Tzu, is trained to assist Viajar with...

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Sports

Improbable run to NorCal semis saves season for St. Francis girls

Improbable run to NorCal semis saves season for St. Francis girls


Megan V. Winslow/Town Crier
St. Francis High’s Daisha Abdelkader goes on a fast break in the CCS Division II final. The senior point guard scored eight points in the Lancers’ NorCal semifinal loss to Dublin last week.

Senior Daisha Abdel...

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Comment

We'll buy it; what is it? Editorial

Would you buy a device on the condition that you are kept in the dark about how it works? Would you feel good about purchasing such a device when the contract even calls for nondisclosure of the nondisclosure form that keeps the device top secret?

T...

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Special Sections

MV resident, engineer applies brainpower to screenplays

MV resident, engineer applies brainpower to screenplays


Alicia Castro/Town Crier
High-tech vice president by day, screenwriter by night, Mountain View resident Robert Frostholm pursues his passion for storytelling.

Robert Frostholm has always been a storyteller.

Until a couple of years ago, however, hi...

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Business

Vintage Bath changes hands as new owners add twist to classic offerings

Vintage Bath changes hands as new owners add twist to classic offerings


Alicia Castro/Town Crier
Vintage Bath, the downtown Los Altos showroom, is under new leadership. Taking over are, from left, co-owners Jerry Rudick and Deena Castello and marketing and visual director Alissa McDonald.

Deena Castello – the new cu...

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Books

'Pope Joan' Book weaves tale around legend of female pontiff

'Pope Joan' Book weaves tale around legend of female pontiff


The idea that there may have a female pope at one time in history has generated much speculation throughout the centuries. “Pope Joan” (Crown, 1996) by Donna Woolfolk Cross, does not answer the question; rather, the author has created a detai...

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People

BEVERLEY JEANE (DORSEY) MCCHESNEY

BEVERLEY JEANE (DORSEY) MCCHESNEY

1944-2014

Beverley McChesney passed away at El Camino Hospital in Mountain View, CA on Sunday, Nov. 16. She had been fighting cancer for about 23 years until it went into her lungs.

She is survived by her husband David, of Cloverdale; her sisters...

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Travel

Eat, hike, soak: Cavallo Point Lodge offers Marin experience

Eat, hike, soak: Cavallo Point Lodge offers Marin experience


Eren Göknar/ Town Crier
Cavallo Point Lodge comprises former U.S. Army buildings, like the Mission Blue Chapel, repurposed for guests seeking a luxurious getaway.

It used to be a place where batteries of soldiers lived, with officers’ quarter...

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Stepping Out

Cal Pops performs Sunday at Foothill

Cal Pops performs Sunday at Foothill


Courtesy of Cal Pops
The Cal Pops trumpet section includes Dean Boysen, from left, Bob Runnels and Noel Weidkamp.

The California Pops Orchestra is scheduled to perform “Swing Time!” – a musical tour of Big Band hits from the 1930...

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Spiritual Life

Oshman JCC hosts panel on Judaism and Science

The Oshman Family Jewish Community Center has scheduled its inaugural Judaism and Science Symposium, “An Exploration of the Convergence of Jewish & Scientific Thought,” 5 p.m. April 12 at the JCC’s Schultz Cultural Arts Hall, 39...

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Magazine

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm


/Town Crier It’s not all cute and cuddly for teens participating in the eight-week Animal Husbandry Apprenticeship program at Hidden Villa in Los Altos Hills. Mia Mosing of Palo Alto, left, and Sophia Jackson of Los Altos clean the pigpens – one of...

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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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