Mon05022016

News

Loyola Corners economics, traffic rise to top of planning concerns

Loyola Corners economics, traffic rise to top of planning concerns

Alicia Castro/Town Crier
Loyola Bridge construction parallel to the Fremont Avenue frontage may lead officials to alter circulation plans for the area.

Loyola Corners stakeholders last week mulled the issues that will likely shape the area&rsquo...

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Schools

LAHS Green Team commemorates Earth Week

LAHS Green Team commemorates Earth Week


Traci Newell/Town Crier
Los Altos High School Green Team members, above, quiz their classmates about water conservation. The club distributed plants as prizes during the club’s Earth Week activities.

Members of the Los Altos High School Green...

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Community

Local pianist, 11, slated to perform Saturday at statewide competition

Local pianist, 11, slated to perform Saturday at statewide competition


Courtesy of the Cha family
Spencer Cha plays piano at a Santa Clara University recital. The sixth-grader also enjoys soccer, tennis, golf and skiing.

Spencer Cha has come a long way since he first sat down at the piano at age 2.

“I remem...

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Sports

Spartans net second place, eye top prize next season

Spartans net second place, eye top prize next season


Megan V. Winslow/Town Crier
Jeremy Hsu, Mountain View High’s top singles player, competes against Pinewood Thursday. The Spartans won the match 7-0.

With freshmen playing the top three spots in singles, the future of the Mountain View High boy...

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Comment

Los Altos at a leadership crossroads: Editorial

Don’t look now, but there could be some major changes ahead regarding how the Los Altos city government is run.

The current city council has the opportunity to hire a new city manager in the wake of Marcia Somers’ recent resignation. Fur...

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Special Sections

How to personalize the wedding bar

How to personalize the wedding bar


Christine Moore/Special to the Town Crier
A seasonal signature cocktail adds interest beyond the standard wedding bar’s spirits and mixers. Focus on one set of fresh ingredients, such as blueberries, blackberries and mint for a dose of budget...

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Business

Farmers prepare to market season's bounty

Farmers prepare to market season's bounty


Alicia Castro/Town Crier
Journeyman farmer Jen Friedlander waters Hidden Villa’s greenhouse plants, which will grow stronger in the controlled indoor environment before being transferred to the field outdoors.

Around Hidden Villa, the gree...

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People

BUOL JOANNE DOUGHERTY

BUOL JOANNE DOUGHERTY

1930-2016

Heaven gained a beautiful angel today. Our beloved mother’s blessed life ended in her Los Altos home surrounded by her loving family on April 18, 2016.

Buol Joanne Dougherty was born Sept. 28, 1930 in Chicago. At the age of two, M...

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Stepping Out

'Catch' comes to conclusion LA Stage Co. comedy  ends run this weekend

'Catch' comes to conclusion LA Stage Co. comedy ends run this weekend


Richard Mayer/Special to the Town Crier
Bryan Moriarty, left, stars as Yossarian and John Stephen King plays the Psychiatrist in Los Altos Stage Company’s “Catch-22.”

Los Altos Stage Company’s presentation of “Catch...

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Spiritual Life

The time to plan is when it's not needed

I received a call last year from a woman who sounded desperate.

“I was just offered an early-retirement package from my company,” she’d said, the words rushed from anxiety, “and I’ve got two weeks to make a decision. Can you help me?”

I groaned inwardly, imagining the late nights ahead struggling to collect the necessary data, performing the analysis and clarifying the results in a way that would enable her both to understand and to take action. But of course I did what I could to help.

It’s not uncommon to put off planning for something until we see the need for it. That’s human nature. But it’s also risky. 

Have you made a list and stashed away emergency supplies in case of an earthquake? What about a tornado? The latter may sound remote, but one actually touched down in my backyard in 1998.

The cost and stress of recovering from an unplanned problem is usually much higher than if we had planned for it. And we typically learn this lesson after it’s too late. When was the first time you started backing up your computer hard drive – before or after your first disk crash?

A recent survey by Nationwide Financial found that 26 percent of potential investors do not have a financial plan. Even worse: 38 percent of those who do not have one have no intention of getting one.

“We live in an era when Americans are more responsible for their own financial security than ever before,” said Michael Spangler, president of Nationwide Funds. “However, for various reasons far too many haven’t taken the time to draft a detailed financial plan to help them achieve their goals over the short, medium and long terms. An effective plan is much more than opening a savings account or investing in your employer’s 401(k), it’s a map to ensure that you get to your financial destination.”

Without a financial plan, we are left unprepared for life’s big transitions, such as job loss, marriage, divorce, birth of children, buying a house, inheriting money, death of a loved one and other events that can have such a huge impact on the quality of our lives. The emotional upheavals these life transitions can cause make it extremely difficult to make good financial decisions when we’re in the midst of one. The time to plan is before the event so that we’ll be much better prepared to manage the transition and its financial impact effectively and avoid getting sidetracked by the pain and stress.

Probably one of life’s biggest transitions is retirement. U.S. News reported that in 2009, between 60 and 80 percent of baby boomers expected to work past age 65 as a way to overcome the devastation of the Great Recession. Unfortunately, many failed to consider the employment situation or their health as factors. As a result, according to a follow-up survey by MetLife, more than half of the first wave of baby boomers to hit retirement age stopped working before they had planned. Many still hope for part-time jobs or developing new careers but have been struggling to find them.

The missing element in their plans was the inclusion of alternative scenarios. As humans, when we make guesses about the future, we almost inevitably predict more of the same.

Unfortunately, that’s not how life works. When we include different scenarios in our plans, we reduce our vulnerability (both emotionally and financially) to unexpected changes. The younger you are, the more likely you are to face a curve ball or two at some point in your future.

To summarize, the time to make a financial plan for your future is now, not when you’re in the middle of dealing with a major life transition such as divorce or job loss. A robust plan should include several scenarios to ensure that you’re prepared for at least some of the major problems life could throw at you.

Los Altos resident Artie Green is a Certified Financial Planner and principal at Cognizant Wealth Advisors. For more information, call 209-4062 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

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