Sun02012015

News

Foothill to offer four-year degree: Foothill aims to launch dental hygiene degree in fall 2016

Foothill to offer four-year degree: Foothill aims to launch dental hygiene degree in fall 2016


Ellie Van Houtte/Town Crier
Students enrolled in Foothill College’s two-year dental hygiene program, above, can soon earn a four-year bachelor’s degree for approximately $10,000.

Foothill-De Anza Community College District Chancellor Linda M. Th...

Read more:

Loading...

Schools

Freestyle hosts exhibition at Computer Science Museum

Freestyle hosts exhibition at Computer Science Museum


Traci Newell/Town Crier
Mountain View High junior and Freestyle Academy student Radika Gupta, right, works with a fellow student during a WebAudio course this month.

For three periods a day, a small subset of students from Los Altos and Mountain Vi...

Read more:

Loading...

Community

Museum explores Stanford, Valley connection

Museum explores Stanford, Valley connection


Courtesy of Julie Rose
The Los Altos History Museum’s “Symbiotic Superstars” event drew a crowd including, from left, “The Lure & the Legends” creator Nan Geschke, Stanford President John L. Hennessy, historian Leslie Berlin and Adobe Systems c...

Read more:

Loading...

Comment

Good compromise on PE exemptions: Editorial

While “Deflategate” captures the national sports headlines, the local issue of physical education class exemptions for freshmen seems a much worthier sports topic for discussion.

The Mountain View Los Altos Union High School District Board of Truste...

Read more:

Loading...

Special Sections

Your Home Brief

Filoli hosts bird exhibition

Filoli kicks off the 2015 season of art exhibitions in its Visitor and Education Center with “The Birds of America: Audubon Collection,” a selection of prints from Filoli’s Permanent Collection, Feb. 10...

Read more:

Loading...

Business

Wine & beer lounge coming to First Street

Wine & beer lounge coming to First Street


Ellie Van Houtte/Town Crier
The new wine and beer lounge Honcho heads to First Street, with a spring opening anticipated.

A cocktail lounge proposed for First Street has cleared its first hurdle – the Los Altos Planning and Transportation Comm...

Read more:

Loading...

Books

"Fearless Genius" photos chart Silicon Valleys brain trust


Not every book needs pages and pages of words to tell a story – some do it through pictures.

“Fearless Genius: The Digital Revolution in Silicon Valley, 1985-2000” (Atria Books, 2014) by Doug Menuez features more than 100 photographs Menuez to...

Read more:

Loading...

People

RUBY DOSHIM LAI

Ruby Doshim Lai was born on July 26, 1929 and passed away at home on January 10, 2015. A resident of Los Altos for over 50 years, Ruby is survived by her husband Bill; children Gwen, Tracy and Allyn; and grandchildren Kiyoshi and Misa.

Born on Mott ...

Read more:

Loading...

Travel

Cuban photographer slated to appear at Foothill

Cuban photographer slated to appear at Foothill


Courtesy of Raúl Cañibano
Cuban photographer Raúl Cañibano is set to appear at Foothill College tonight. His work – including the image “Series: Guajira’s Land, Viñales, 2007,” right – is on display at the KCI Gallery t...

Read more:

Loading...

Stepping Out

'Betrayal' at Pear

'Betrayal' at Pear


Ray Renati/Special to the Town Crier
The cast of Pear Avenue Theatre’s “Betrayal” includes Maryssa Wanlass, from left, Fred Pitts and William J. Brown III.

The Pear Avenue Theatre presents Harold Pinter’s investigation of modern relationships, “...

Read more:

Loading...

Magazine

Tracing history on foot: Hidden Villa’s long hike

Tracing history on foot: Hidden Villa’s long hike


Campers on Hidden Villa’s Sierra Backpacking Trip study historical photos to measure how the land has changed and alternate serving as student leaders who guide the route of their three-week trek.

Amid the high-tech camps and programs of a Bay Area ...

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