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News

Car breaks through glass door, closes Trader Joe’s for the day

Car breaks through glass door, closes Trader Joe’s for the day

Alicia Castro/Town Crier
Trader Joe's employees survey the damage after a car smashed through the glass doorway earlier today.

Trader Joe’s on Homestead Road is closed for the remainder of the day (April 17) after a car barreled through the glas...

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Schools

Pinewood student writes book about living with autism

Pinewood student writes book about living with autism


Traci Newell/Town Crier
Pinewood School senior Georgia Lyon wrote and illustrated “How to Be Human: Diary of an Autistic Girl” in 2013.

Although first published under a pseudonym, Pinewood School student Georgia Lyon is stepping out to ...

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Community

How to pass a business gene across generations: Entrepreneur Kurtzig, 10, follows in grandmother's high-tech footsteps

How to pass a business gene across generations: Entrepreneur Kurtzig, 10, follows in grandmother's high-tech footsteps


Courtesy of Los ALtos History Museum
Like grandmother, like granddaughter: Sandra, left, and Jamie Kurtzig participate in the Los Altos History Museum’s Family Day event last month.

Silicon Valley’s love affair with high-tech innovation starts ...

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Comment

Editorial: Let's assume not to presume

Two recent downtown Los Altos stories offer lessons in the drawbacks of jumping to conclusions.

A few months back, the Town Crier published an article on Ladera Autoworks on First Street closing its doors. That part was true, but the reason was not....

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Special Sections

Fitness focus: No holds barred for Los Altos sisters

Fitness focus: No holds barred for Los Altos sisters


Photos Courtesy of Barre 3
Gillian Brotherson, kneeling at left, guides studio instructors through a workout at barre3 Los Altos.

Health is all about balance. That’s what two Los Altos natives learned as they navigated work, motherhood and welln...

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Business

Steinway gallery brings pianos, musicians to downtown Los Altos

Steinway gallery brings pianos, musicians to downtown Los Altos


Alicia Castro/Town Crier
Chrissy Huang, manager of Steinway Piano Gallery in Los Altos, showcases Steinway & Sons’ signature instruments. The gallery plans to host concerts with performers tickling the ivories.

A new downtown Los Altos bus...

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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

GREG STAHLER

GREG STAHLER

Greg Stahler died unexpecdly in his home in Belmont on March 26, 2015. (He was born in Mountain View on June 23, 1972). He will really be missed by three beautiful young children, Haley 7, Hannah 5, and Tyler 3, and his wife Kathryn. He will also b...

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Travel

Cuba libre: Local residents join mad rush of travelers

Cuba libre: Local residents join mad rush of travelers


Natalie Elefant/Special to the Town Crier
Los Altos resident Natalie Elefant noted the vibrant street performances as a traveler in Cuba.

The U.S. restored diplomatic relations with Cuba late last year, enabling Americans to import $100 worth of cig...

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Stepping Out

'Those Darn Squirrels' invading Mountain View

'Those Darn Squirrels' invading Mountain View


Courtesy of Lyn Flaim Healy/ Spotlight Moments Photography
Noelle Merino stars in Peninsula Youth Theatre’s “Those Darn Squirrels.”

The Peninsula Youth Theatre’s world premiere adaptation of “Those Darn Squirrels” is scheduled Friday and Saturda...

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Spiritual Life

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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Inside Mountain View

Home for disabled youth yields greener pastures

Home for disabled youth yields greener pastures


Alicia Castro/Town Crier
Green Pastures staff member JP Mercada, below right, helps Tommy, who lives at the group home, sort through papers and organize his room.

Tucked in the corner of a quiet residential cul-de-sac in Mountain View, Green Pastur...

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Are there benefits to taking Social Security early? Part 2

Following is the second in a two-part series exploring the pros and cons of taking early Social Security payments.

In Part 1 of this series, I explained how Social Security (SS) works and how a breakeven analysis might be used to determine at what age to start taking benefits. Doug Lemons, a retired Social Security Administration deputy assistant regional commissioner, recently performed a fairly detailed break-even analysis with various return on investment (ROI), inflation rate and tax rate assumptions. He reached a very interesting conclusion: the ROI on the invested income must generally exceed the rate of inflation by 5 percentage points or more to justify taking benefits at age 62 rather than at Full Retirement Age (FRA), and by 3 percentage points or more to begin at FRA rather than waiting until age 70.

In today’s low inflation environment, getting a consistent real return (return in excess of inflation) of 4 or 5 percent or more is extremely challenging. What’s more, Lemons found that when inflation rates and/or marginal tax rates are high, the rate of return needs to be as high as 7 or 8 percentage points above inflation to justify collecting early benefits. Both those findings were for men. For women, whose life expectancies are longer, the rate of return needs to be even higher. In other words, in most situations you would be hard-pressed to start early SS and get a real rate of return on your investments high enough to come out ahead. Therefore, based on a break-even analysis, it’s probably better to delay starting benefits as long as possible under almost any circumstances.

But the breakeven analysis is not the only way to think about Social Security. Consider that SS is the only annuity you can get that is guaranteed by the federal government and adjusts for inflation. As a complement to a well-diversified retirement portfolio, it can significantly improve your chances of having enough money to last the rest of your life, however long that turns out to be. With that in mind, it would make more sense to follow a strategy that maximizes your monthly payments on the assumption that you might have a very long life. In short, it’s again better to delay starting SS until age 70, taking this perspective. Skeptics might argue that the government is poised to start taking away some of these features. That’s certainly a possibility. But unless you currently have some diagnosis of terminal illness, do you really want to bet that you’re going to die sooner rather than later? What will happen if you turn out to have been wrong? 

So far we’ve been considering Social Security for a single individual. The decision gets more complex for a married couple. When one spouse dies, the surviving spouse may start receiving the deceased spouse’s SS payments if they’re higher than his or her own. This is especially valuable for couples where only one spouse worked. If you’re the primary breadwinner in your family, and had chosen to start your benefits early, your reduced payments would carry over to your spouse if he or she outlives you. Do you really want to limit your spouse’s SS income after you’re gone? Especially if he or she ends up living for many years after you’ve passed away?

As I’ve written previously, if you are married, widowed or divorced there are many strategies you can follow to further maximize your social security benefits (visit losaltosonline.com, Parts 1 and 2, June 29 and July 27, 2011, Artie Green’s articles on how to maximize Social Security benefits). But as to what age to start collecting benefits, I believe it’s almost always better to delay as long as possible, unless you have a terminal illness or you absolutely need the money sooner.

Artie Green, a Los Altos resident, is a certified financial planner and professional investment adviser. For more information, call (408) 747-1222.

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