01232017Mon
Last updateTue, 17 Jan 2017 4pm

Food & Wine

Alpha Acid Brewing delivers intense flavors

Alpha Acid Brewing delivers intense flavors


Courtesy of Derek Wolfgram
A visit to Alpha Acid’s Belmont taproom reveals that the young brewery has expanded beyond its initial speciality in India Pale Ales to craft farmhouse, stout and seasonal brews worth seeking out.

Kyle Bozicevic, co-o...

Readmore

Loading...

Your Health

Health care on demand from Mountain View service

Health care on demand from Mountain View service


Courtesy of Direct Urgent Care
Dr. Ceasar Djavaherian is the president of Direct Urgent Care.

For most doctors in Silicon Valley, melding technology and medicine means cutting-edge machines performing high-powered work backed by Sand Hill Road ventu...

Readmore

Loading...

Your Home

Tips for storing holiday decorations efficiently & accessibly

Tips for storing holiday decorations efficiently & accessibly


Courtesy of Amanda Kuzak
Slotted ornament boxes are worth splurging on because they provide good protection for delicate ornaments.

 

It’s time to pack up the garlands and lights now that the hustle and bustle of the holidays is behind us...

Readmore

Loading...

On The Road

Cool cars for kids

Cool cars for kids


Gary Anderson/Special to the Town Crier
The Mitsubishi Mirage produces only 78 horsepower, but it gets 39 mpg in combined driving. Full of safety features, the Mirage sells for under $20,000.

A few months ago, one of our friends in town asked us...

Readmore

Loading...

Senior Lifestyles

Mountain View nonagenarian enjoys the luck of the genes

Mountain View nonagenarian enjoys the luck of the genes


Megan V. Winslow/Town Crier
Lloyd Lettis, 96, of Mountain View plays tennis three days a week at Los Altos High School.

Ninety-six-year-old Mountain View resident Lloyd Lettis seems to have a gene for longevity. And one for farming. And another for t...

Readmore

Loading...

Wedding To Remember

Got a wedding singer? Musicians and engaged couples work in tandem to orchestrate perfect night

Got a wedding singer? Musicians and engaged couples work in tandem to orchestrate perfect night


Courtesy of Dick Bright
Dick Bright, a veteran Bay Area musician, manages local bands such as the Dick Bright Orchestra, Club 90 and Encore. His bands ramp up the energy at weddings.

A wedding soundtrack draws nearly everyone to the dance floor....

Readmore

Loading...

Your Kids

Back to School

Is Early Decision the right choice for your student?

Is Early Decision the right choice for your student?


Courtesy of Hollis Bischoff
This chart compares the rate of Early Decision acceptances with the overall acceptance rate at various colleges.

As students apply to an ever-increasing list of schools, colleges are challenged to predict accuratel...

Readmore

Loading...

Education IRAs aren't just for kids' college anymore

By now, you might have heard that beginning in 2002, you can contribute up to $2,000 annually to an Education IRA, compared to the current $500 yearly maximum. What many people aren't aware of is that recently passed tax-reform legislation greatly expands what you can spend this money on.

Previously your Education IRA could only be used to pay for college expenses. Beginning in 2002, you can tap these funds tax free to pay for a gamut of qualified school-related expenses not only for college but also for private and public primary and secondary educational institutions. Qualified expenses may include: computer equipment and software (no games) used by the student and other household members for educational purposes; Internet service used by the student and other household members for educational purposes (e.g. research for a term paper); tutoring; school uniforms; books and school supplies; transportation; room and board and tuition; and extended-day school programs.

By paying these and other education-related expenses with your Education IRA, you pay no taxes on your withdrawals, which gives you more buying power.

For example, if you contributed the $500 maximum to an Education IRA this year for your newborn child and then contributed the $2,000 maximum next year and every year until your child turns enters kindergarten, you could potentially accumulate $15,465 at an 8 percent annual compounded rate of return.

That money can be withdrawn tax free, which is a much better deal than if you had saved that money in an interest-bearing savings account and then had to pay taxes on the interest you earned.

Consider using a combination of an Education IRA and a 529 college savings plan if you want to save for your children's college and primary and secondary school education. The 529 plans can only be used for college expenses, but the Education IRA could be available to pay for school-related expenses until college. However, unlike other savings plans such as Education IRAs, anyone at any income level can contribute to a 529 plan.

Beginning next year, 529 plan withdrawals also will be federally tax-free. In addition, U.S. residents can participate in any state's 529 plan and set up accounts for their children, grandchildren, friends or even themselves. But keep in mind that each state's plan may invest your contributions differently and levy its own costs and fees. Be sure to shop around for the 529 plan that best fits your needs.

Education IRAs and 529 plans are a one-two punch that is hard to beat. With college expenses increasing faster than inflation, parents need all the help they can get. Your financial consultant can help you determine which savings plan, or combination, is the best strategy for you.

Steve Zeller is a financial consultant with A.G. Edwards & Sons Inc., member SIPC, 379 Lytton Ave., Palo Alto 94301. For information, call 326-5010.

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