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Last updateFri, 24 Jun 2016 5pm

Food & Wine

Manresa Bread rising: Tribute to grist & groat

Manresa Bread rising: Tribute to grist & groat

Above Photo by Rhonda Mak/Town Crier; Below Photo by Joyce Oudkerk Pool/Special to the Town Crier; Right Photo courtesy of Manresa Bread
Nabeela Aijaz, above left, retail manager at Manresa Bread’s Los Altos location, teams up with baker Avery R...

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Your Health

ECH's ASPIRE expands to empower struggling youth

ECH's ASPIRE expands to empower struggling youth


Photos by Alicia Castro/Town crier
El Camino Hospital’s mental health and addiction services leaders Michael Fitzgerald and Lauren Olaiz, above, review artwork, right, by participants in the After School Program Intervention and Resiliency Educa...

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Your Home

Filoli offers free admission to military personnel

Filoli offers free admission to military personnel


Town Crier File Photo
Filoli invites military personnel to tour the estate and grounds at no charge as part of the Blue Star Museums program.

Filoli estate in Woodside is one of more than 2,000 museums and cultural institutions in the U.S. that will of...

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On The Road

Driving England's rural countryside from the left side of the road

Driving England's rural countryside from the left side of the road


We have always enjoyed our visits to England, but this year we did something different. Rather than visit the standard tourist destinations – London, the Cotswolds, Stratford-upon-Avon and so forth – we decided to explore new areas by car...

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Senior Lifestyles

Q&A: Director of senior programs looks to future with expanded facilities, activities

Q&A: Director of senior programs looks to future with expanded facilities, activities


Megan V. Winslow/Town Crier
Recreation & Community Services Department Director Manny Hernandez praises Los Altos seniors.

 

Manny Hernandez joined the city of Los Altos staff last March as director of the Recreation & Community Services De...

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Wedding To Remember

The Veils of Time

The Veils of Time


Courtesy of Los Altos History Museum

For a new spin on the Town Crier’s “Peek into the Past,” the Los Altos History Museum has been gathering historical local wedding photos and the stories behind them.

Frances Elizabeth Shoup, second...

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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 accurately whether ...

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Don't let finances tie your marriage up in knots

June - the most popular month for weddings - is around the corner. That means many couples about to take the plunge are spending much of their time shopping for the perfect gown, flowers and reception location.

Unfortunately, most couples are so busy planning their wedding that they don't take time to discuss how they will manage their finances after they walk down the aisle. Getting adjusted to married life can be a challenge in itself. Mounting bills from wedding expenses and the cost of setting up a household can add to the stress. Here's a checklist to help you think about financial matters before and after marriage:

Joint checking accounts, individual accounts or a combination. If you are a newly married couple, you may want to establish a joint checking account. A joint account forces you to be accountable to each other about where your money is going. Keeping separate accounts can encourage unnecessary spending under the radar of your partner.

Savings goals. How much of your income do you plan to save and how will you do it? A rule of thumb is to save 10 percent of your gross income through automatic monthly withdrawals deposited into an investment account. In addition, you should have a minimum of three months of savings within reach for emergency expenses.

Retirement plans. If both of you have a 401(k) plan offered by your employer, at a minimum, invest in each plan up to the level where you get each employer's full matching contribution. You should also have a savings plan outside of your 401(k) so that you have access to funds without penalty. If you aren't eligible to contribute to a 401(k), invest in a Roth Individual Retirement Account, which allows tax-free withdrawals at retirement if you follow the rules.

Employer benefits. Examine the health, dental and other benefits each of your employers provides. Compare deductibles, co-payments, benefits provided and monthly costs. If you don't have children, you still should purchase life insurance to replace your salary if you die. If you do have children, a general rule is to purchase enough life insurance to cover eight times your combined annual salaries.

Investment accounts. This can be a sensitive subject for many people who've accumulated wealth on their own and now are faced with sharing it with their spouse. Depending on the significance of your wealth, you would be wise to explore financial- and estate-planning matters both before and after marriage.

Investment personality. Your investment portfolio should reflect how much risk each of you is willing to take in achieving your joint goals. Do you feel comfortable investing in stocks or would you prefer more conservative investments such as bonds or CDs? These are questions you should ask each other and then talk to a financial consultant who can recommend securities that match your objectives, time frame and risk tolerance.

Budget expectations. Do you both agree on how much should be spent on discretionary expenses such as clothes, dining out and home-improvement projects? The best way is to agree on a monthly amount for every expense that is not fixed (i.e. mortgage payment) and stick to that amount. This can prevent a lot of disagreements down the road when you discover your spouse has spent money on something you think is unnecessary.

Steve Zeller is a financial consultant with A.G. Edwards & Sons., Inc .

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