Transactions for the week of Feb. 26

Los Altos

950 Damian Way, Goins Trust to Y. Weingarten for $3,900,000

659 Hollingsworth Drive, M. Laptalo to J. & S. Laptalo for $2,450,000

SV realtors group administers oath to new leaders, discusses future


Courtesy of SILVAR
California Association of Realtors 2020 President Jeanne Radsick, at left holding paper, installs the 2020 SILVAR board of directors and officers.

Special to the Town Crier

 

Worried about Social Security going broke?

Concerns about Social Security running out of money pop up from time to time in the financial media. Beyond the headlines are a number of misconceptions regarding what that really means. Below I’ll explain what could happen and what the consequences might be. The situation is a lot less dire than the media would have you believe.

There are two primary sources of funding for Social Security benefits: the Social Security trust fund and payroll taxes collected from current workers and their employers. The trust fund currently holds approximately $2.8 trillion but is projected to become depleted by 2034, based on the number of retirees drawing benefits over the next 15 years.

Transactions for the week of Feb. 19

Los Altos

1542 Arbor Avenue, Dalrymple Family Trust to Kumar Family Trust for $2,670,000

1145 Brucito Avenue, Bahrs Trust to K. & V. Kirshnan for $2,075,000

Free tax prep services offered next week in MV

The Intuit Financial Freedom Foundation is scheduled to offer free tax preparation services to lower-income earners ($36,000 or under last year) and active-duty military noon to 7 p.m. Feb. 27 at the Mountain View Public Library, 585 Franklin St.

All qualifying taxpayers will have the opportunity to prepare and file their federal and state tax returns at no cost, using TurboTax Free File Program software, according to a city of Mountain View press release. Volunteers will be on hand to assist as needed.

MIXXing it up: Rancho studio blends cardio, Pilates

MIXX Fitness” width=
Melissa Hartman/Town Crier
Nellie Brook recently moved to Los Altos from New Jersey and opened MIXX Fitness at Rancho Shopping Center.

MIXX Fitness officially opened for business at Rancho Shopping Center in Los Altos last week after a four-month soft-opening phase.


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