Transactions

Los Altos

170 Almond Avenue, J. Skinder to M. & N. Stirrup for $2,895,000

1434 Fremont Avenue, Mamitsuka Trust to L. Wang for $2,250,000

Examining the impact of taxation in retirement

There is a notion that taxes will be minimal in retirement. That may not be the case, especially in high-cost-of-living states like California.

A variety of taxes can affect retirees – federal and state income taxes, Social Security taxes and estate taxes, to name a few. Remember that tax deferral of qualified assets – 401(k), IRA and 403(b) – is not forever. With required minimum distribution of your qualified assets when you reach age 70 1/2, your tax rate could significantly increase.

Los Altos clinic gives free oxygen therapy to 4-year-old


Busa/Special to the Town Crier
A child receives hyperbaric oxygen treatment at Bay Area Hyperbarics’ Los Gatos location.

As a toddler, Alex fell into his family’s Florida swimming pool and nearly drowned. The accident left him brain damaged, but a new treatment offered in Los Altos has given his family hope.

Now 4, Alex (name changed for privacy) recently received 40 hours of hyperbaric oxygen therapy at Bay Area Hyperbarics, located at 4856 El Camino Real.

Storefront swaps bring more sweets to downtown Mountain View


Photos by Megan Winslow/Town Crier
The Books Inc. location, will be sandwiched between a new Paris Baguette and the new location for an existing Mountain View workout studio.

Walking down Castro Street in Mountain View this fall, it sometimes seemed as though a coming/going/moving sign had popped into a different business’ window each day.

Some longtime tenants have only changed locale – Books Inc. moved a few doors down to 317 Castro St., the space previously occupied by BookBuyers. And Icicles, the not-yet-opened rolled ice cream specialist, changed storefronts before even opening. It now has preparations in progress at 292 Castro St., former (brief) location of Buffalo, the “burgers, bear and bao” specialist and then, also briefly, the projected new home of a rival ice cream enterprise.

What you can do about rising Medicare premiums

Since Medicare’s inception in 1966, the Part B premium had risen an average of 7.7 percent per year. But in 2017, it increased nearly 28 percent for certain Medicare recipients. It turns out there is a way for you to limit those cost increases. The question is, should you?

Let’s start with a quick review of Medicare. Part A, hospital insurance, covers in-patient hospital stays, surgeries and post-hospital skilled nursing care. If you have contributed to Social Security for 40 quarters or more, you are entitled to Medicare Part A coverage once you reach age 65 at no cost. You also may be entitled to Part A coverage without having to pay a premium through your spouse or based on other extenuating circumstances.

Q&A with Pat Kapp: Get to know the new president of the Los Altos Chamber of Commerce


Photo Courtesy of Pat Kapp
Pat Kapp, center, works with Nicole Walton, left, and Kris Olson, right, at the Los Altos Chamber of Commerce.

With longtime Los Altos Chamber of Commerce President Julie Rose retiring last month, the Commerce now has a not-so-new face at the helm – Pat Kapp. Kapp joined the Chamber in February as co-president in preparation for Rose’s departure.

Kapp recently responded to the Town Crier’s questions about her plans for the future.


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