Business & Real Estate

Annuities are not always a bad thing

Annuities have received some bad press in the financial planning community. They tend to be denigrated because of their cost – “They have way too many fees, many of them hidden” – or because they are not hedged against inflation, effectively reducing their usefulness at exactly the time (later in life) when they’re designed to provide the most value.

What’s important to recognize is that not all annuities are the same, and that allocating a portion of your retirement portfolio to two types in particular can provide better longevity protection than investing solely in stocks and bonds.



Los Altos

22266 Hartman Drive, J. Rickert to D. & D. Schannon for $2,300,000

539 Los Niños Way, Robinson Trust to P. & C. Lehmann for $2,500,000


Apothecary takes back-to-nature approach

Ellie Van Houtte/Town Crier
Natalia Zatarian joins the ranks of Los Altos business owners with the opening of EarthBeauty Apothecary at 271 State St. An esthetician by trade, Zatarian sells several lines of organic, cruelty-free wellness and beauty products.

For the past two years, Natalia Zatarian dreamed of opening a natural wellness and beauty store. She didn’t think, however, that it would happen so soon – as in last week.

Zatarian, a 26-year-old esthetician and makeup artist, opened EarthBeauty Apothecary at 271 State St. Friday, offering body, hair care and lifestyle products she said are organic, cruelty-free and “as chemical-free as possible.”


Market still follows Fed Reserve moves

After Federal Reserve Chairwoman Janet Yellen last week said the economic outlook appeared positive and hinted that interest rates would remain low through 2016, the market continued toward more new highs.


Gain tax credits for summer child care

Many parents pay for child care or day camps in the summer while they work. Those costs may qualify for a federal tax credit.

The Internal Revenue Service provided the following facts about the Child and Dependent Care Credit.



Los Altos

672 Orange Avenue, C. & S. Ferguson to Stevens Creek Limited for $2,200,000

580 Rosita Avenue, W. Kammerer to H. Jia for $2,150,000


State Street jeweler to close its doors

Ellie Van Houtte/
JB&B Jewelers owner Cynthia Zirpolo, right, assists customers last week. Zirpolo is closing her State Street shop after nearly five years to focus on other business endeavors. Town Crier

Cynthia Zirpolo is bidding farewell to downtown Los Altos.

The owner of JB&B Jewelers at 239 State St., Zirpolo told the Town Crier that she’s closing her jewelry shop following the annual Los Altos Arts & Wine Festival in July to focus on other business matters. She declined to elaborate further on her future plans.


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