How to use up leftover money in a 529 college savings plan

Town Crier File Photo
Many families start 529 college savings plans long before their child graduates from high school. In some cases, there is money left over even after their child finishes college.


Despite the burgeoning cost of higher education these days, you might still find yourself with unspent money in a 529 plan after your child has graduated from college. As you may know, if you withdraw the money for nonqualified education purposes, you have to pay taxes plus an additional 10% penalty on the earnings withdrawn from the account.

Latest phishing scam uses phony calendar invitations

First it was emails. Then it was text messages. Now the latest phishing scam involves calendar invitations.

According to the Better Business Bureau, scammers are infiltrating default calendar settings to plant phony events laced with phishing links on targets’ schedules.

Transactions for the week of Sept. 18

Los Altos

1060 Golden Way, Schulte Family Trust to Wahrmann Trust for $3,060,000

1739 Joel Way, M. & B. Alsan to M. & A. Deo for $2,465,000

New owners turn the page at downtown Linden Tree Books

Chris Saccheri Florina Grosskurth” width=
Megan V. Winslow/Town Crier
Chris Saccheri and Florina Grosskurth are the new owners of Linden Tree Books, taking over for Jill Curcio and Dianne Edmonds.

Linden Tree Books acquired new owners this month after a yearlong search for a community-based buyer interested in continuing the independent children’s bookseller’s legacy.

Founded by Linda and Dennis Ronberg in downtown Los Altos in 1981, Linden Tree was taken up by local parents Jill Curcio and Dianne Edmonds in 2010 when the Ronbergs retired. Nearly a decade later, Edmonds and Curcio wanted to hand over the reins, so they started a local search for a new caretaker.

The boy Nextdoor: Introducing the real estate wunderkind some residents mistook for a scammer

Bob Lane” width=
Melissa Hartman/Town Crier
Bob Lane gained local attention after a Springer Trees neighborhood resident posted a picture of him on Nextdoor, questioning whether he was a scammer. It turns out the 18-year-old was going door to door as a part of his real estate license training.

A resident of the Los Altos Springer Trees neighborhood authored a post on the online Nextdoor site Aug. 23 with the title “Possible real estate scam.” Below the resident’s explanation of how a young man came to her door that afternoon asking if any neighbors were interested in selling their homes, she included a screenshot from her Ring security camera – a grainy image of 18-year-old Bob Lane.

The resident, who requested her name not be used, said she did not intend “to open a can of worms,” but she thought it curious that Lane was handing out Alain Pinel Realtors business cards that were worn (possibly from floating around in his pockets, she speculated) when the company had been acquired by the New York-based Compass Realty in March.

Transactions for the week of Sept. 11

Los Altos

353 Costello Drive, A. Zink to Zeng Trust for $3,160,000

510 San Felicia Way, Highland Trust to G. & G. Aggarwal for $3,200,000

1564 Vineyard Drive, Levison Trust to H. & K. Liu for $2,300,000

Mountain View

181 Ada Avenue #19, Okuda Trust to H. & M. Yang for $1,150,000

1923 Cambridge Drive, S. Chen to S. & Z. Wang for $1,454,000

1354 Dale Avenue #4, Buchanan Trust to L. & Z. Liu for $1,250,000

116 East Middlefield Road #D, S. & S. Fok to R. Linn for $850,000

120 Minaret Avenue, J. Gantus to N. & G. Choi for $1,800,000

131 Ortega Avenue, S. Weng to T. Zhao for $1,420,000

701 North Rengstorff Avenue #11, M. Meyer to L. Wang for $795,000

221 North Rengstorff Avenue #1, Conradson Trust to C. Pfalzer for $1,350,000

2255 Showers Drive #342, K. Aggarwal to M. Philippe for $1,250,000

48 Starlite Court, G. Petersen to D. & S. Chang-Graham for $1,200,000

620 Willowgate Street #6, Julin Trust to J. & R. An for $1,550,000


869 Lonna Lane, Mathis Family Trust to K. & A. Gupta for $1,900,000

22825 Poplar Grove Square, Kim Trust to I. & M. Alabado for $1,350,000

20385 Via Portofino, Kantamneni Family Trust to J. Wu for $2,150,000

7394 Wildflower Way, Zheng Family Trust to A. & X. Hao for $2,850,000


Los Altos

Total sales: 3

Lowest sale: $2,300,000

Highest sale: $3,200,000

Average sale: $2,886,700

Mountain View

Total sales: 11

Lowest sale: $795,000

Highest sale: $1,800,000

Average sale: $1,279,000


Total sales: 4

Lowest sale: $1,350,000

Highest sale: $2,850,000

Average sale: $2,062,500

– Cal REsource

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