Last updateTue, 30 May 2017 5pm

Pinewood student serves as envoy to start-ups

Photos courtesy of Maxine Marcus
Maxine Marcus is a Pinewood School student and CEO of a new teen-focused consultancy, The Ambassadors Company.

Virtually any start-up worth its venture capital must get young people excited about its product. It’s a consultant’s dream to advise companies on how to attract teenagers.

Maxine Marcus is already there – she fits consulting in between classes, golf practice and tech club. Marcus, a 16-year-old junior at Pinewood School, is CEO of The Ambassadors Company, which gives companies teen insights into their products.

Realtors' auction supports charity

courtesy of Silicon Valley Association of Realtors

The SILVAR auction featured prizes donated by local realtors and affiliates. The event generated $4,550 for their charity foundation.

Members of the Silicon Valley Association of Realtors Los Altos/Mountain View District raised $4,550 for charity at their fourth annual pumpkin auction Oct. 21 at Hillview Community Center.

Local real estate companies and affiliates donated the 11 auction items.

Andronico's to be renamed Safeway Community Market

Town Crier File Photo
Andronico’s at Rancho Shopping Center, the only grocery store in central Los Altos, soon will be renamed Safeway Community Market. Officials at Albertsons, which owns the Safeway chain, said the changeover would occur in December.

The Andronico’s Community Market at Rancho Shopping Center will be renamed Safeway Community Market in December.

Albertsons, Safeway’s parent company, purchased the five Bay Area Andronico’s, including the Los Altos location, earlier this year. The other locations are in Berkeley, San Francisco and San Anselmo.

Los Altos branch of Wells Fargo moving forward

Megan V. Winslow/Town Crier
Santa Clara County plans to sever its financial ties to Wells Fargo Bank, which has a branch on Main Street in Los Altos, after reports of widespread fraud.

Citing a nationwide scandal in which Wells Fargo & Co. created fake accounts to goose sales numbers, the Santa Clara County Board of Supervisors voted to suspend business relationships with the bank.

“If pulling our business is what it takes to change behavior, then so be it,” said Supervisor Joe Simitian. “My hope and expectation is that action by our county might prompt similar action by other jurisdictions in the state and the nation.”

Recollections of decades in biz

courtesy of Margo Moritz/Green Ivy Educational Consulting
Ana Homayoun, standing, has worked with students at Green Ivy Educational Consulting for nearly 15 years.

My family and I moved to Los Altos in the early 1990s, just in time for me to start my seventh-grade year at Egan Junior High.

I remember how cool it was to be able to head to downtown with friends on early-dismissal days. By the eighth grade, I would sometimes wait at the bus stop at the corner of San Antonio Road and West Portola Avenue and head downtown or to the library after school. By high school, I spent hours after school and during the summer months working at different downtown businesses.

Is it OK to tap your 401(k) for a child’s college expenses?

Many parents take the view that supporting their children is their No. 1 priority. That’s admirable from a family standpoint but may not be optimal from a financial one.

Nowhere does this have bigger consequences than with college expenses. A common question I encounter is whether or not it’s possible to withdraw funds from a 401(k) for your child’s college expenses. In fact, you can use a 401(k) to pay for college. But remember the adage: Just because you can doesn’t mean you should.

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