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tv   Transbay Joint Powers Authority  SFGTV  August 27, 2020 12:00am-2:31am PDT

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determining safety with ramps in commercial buildings we get those complaints someone walks in off the street and waiting outside they slip there are standards surrounding the slip coefficient in regards to those surfaces and it is not unheard of that people put overseeing wall tiles synonyms they put them on the floor walls are not for walking on so. >> etching or buy a spray. >> no do an acid wash. >> don't mess are products (multiple voices). >> i'll let them do it thank you, sir. >> hello gentlemen thank you for the informational i have a new be can you point me in the
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guidelines to go excavate to increase the ground floor of the property i can take that one i think that you're a homeowners; right? not an engineer. >> right. >> i think of the requirement is 7 foot of a headroom in regards to kitchens and closets and storage areas and corridors so 7 foot of your looking for so you know if you have 6 foot of have to go down a foot are you comploems the foundation that's the question so that's where you would you know talk with an engineer and the engineer will most likely say okay we have to dig and do testing so see where we're at simple put the
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foundation may have to be holstered in whatever excavation to get the 7 foot 6 or your foundation maybe down far enough it is also lateral support if you dig down the function you take away the lateral support that's a construction concern and may need to upgrade did foundation to dig a foot this case. >> hi thanks for doing this is the interesting i'm new from new york so i'm learning all it from - i'm both a potentially homeowner and a architect i'm curious what happened when you have i don't know what you call it existing non-conforming structure or. >> grandfathered in.
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>> i mean, i was looking and wondering if this is grashthd that that type of thing what triggers the need to bring everything up to code usually electrical i know. >> so i think about graisht as our fathers father and nothing more than that the planning department has an idea about existing non-conforming that is more of a planning issue than anything else if we are let's say the inspector is investigating and complaint maybe that the complaint is addition of dwelling units without the required building permit and building a single-family dwelling and it is being a second unit is rendered in the building let's say we go out and investigate the
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complaint looks like it is been there forever we do have a process in dbi i'm not sure if i'm going to the core of your question but a process in dbi where the shareholders can bring if multiple records advisors records and water records showing you this unit this is a indeed been there for a long time that usually happens in the absence ever 80 good permit records we also have a current process if this is something not related to the potentially unauthorized unit some people want to add units or take over the house it is different bans what people want but then again, the deck is there are forever and the neighbor is complaining recently
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raped and done so well to permits not legal in the first place so right now have a lot more sources for you know looking at this stuff you know we can go to google street view like you and google street has a time clock we can see what was there in all the way to 2007 and the person saying the garage was always there we click back in time and i say where's the garage if 2007 there are a lot of resources we put our for the sake of time in things like that too it gives us the information we need to make an informed decision. >> if i expected it was not to code is there a way to check
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that i'll have to have an engineer come in. >> you as an architect suspect a defect in a little i mean, you're course of action to contact the engineer and have them look at before you submit and permit you know you don't want the building inspector who had the permit they're planning there is. >> one thing i want to add everybody thinkss this no matter what we find if it is exciting that was arrested there for thirty or 40 years a health safety violation no matter what we'll make them fix it and change that i just get to stress that the last time we met the pro-and it
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is not what we're looking at on purpose if we have something like our saying existing in the situation but a health and safety we'll make sure you correct it and put that back to where none what die and that goes for everything i think i'm speaking for everyone on the panel we feel the same way to health and safety is the main thing. >> i'll to echo what stephanie is saying we've had situations in the past buildings collapsing and have to be immediately shored up we're not going to is hey we need to stop everything to go through planning and this and that we'll say on the contradiction of an engineer immediately shore this follow-up with the permit because steve is saying is correct life and safety we want
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a problem fixes if the problem is not serious we'll say okay. you need a permit to fix >> i am vivian coe. carman chu co-founded the challenge along in 2018, along with the department on the status of women, as well as the league of women voters in san francisco. our mission is to raise women's voices and their voting power. you can learn more about our initiative on our website before we start, i would like to
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thank our w challenge partners and supports and occur co-hosts -- and our co-hosts listed in the shared screen before. for organizing today's event, as well as kicking off a social media campaign as this year's challenge. we want to encourage more women to vote, especially for this upcoming election. we'll share more details later on in the program. you can learn more about the initiative on 100 women. today's event will stream live on youtube channel, as well as the city's facebook and twitter accounts. i want to thank our colleagues here from sfgov tv for working in the backgrounds and making this event as successful as possible for everyone. you can feel free to share the links and host a watch party if
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you want on your preferred social media platforms, because we will be having them on facebook and twitter. this session will be recorded for future references. so let's get started. happy women's equality day. may i kindly ask the president of the commission on the status of women to join us, bree anna swat, to officially kickstart the celebration of today's event. thank you. >> thank you so much, vivian, for the kind introduction. and really thank you to all staff for making this happen. i know we would normally be on the steps of stahl. but i appreciate everyone's creativity and flexibility of making this a virtual event as well. my name is brianna and i'm privileged to serve as the president of the nation's strongest commission and department on the status of women, right here in san francisco. it was on this day 100 years ago that the 19th amendment was added to the constitution of the
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united states. in the process of extending the right to vote to women across the country. and on november 2nd, 1920, more than 8 million women voted for the first time in the presidential election. the moment was a culmination of a movement made with tears, pain, sweat, a long strug that will included activism and leadership of black, indigenous, and women of color, too many who who were later written out of history books. these women, who fought, marched, organized and protested for decades to gain the right to vote. we are right to celebrate this day as a milestone and recognize that equal votes rights were not achieved for all women through the 19th amendment. the voting rights act, passed 55 years ago, brought us closer to equal voting rights. however, the struggle continues. and the need for vigilance goes on. as we were reminded in '21, when the supreme court gutted, these attacks on the democracy
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continue through this very hour, the tactics evolve. but honestly the intent remains the same. it was once literacy test, and outright violent intimidation. today we see the closing of polling places in communities of color be and attacks on voting by mail. in short, the fight continues on for the right to vote. today is more than a day of celebration, but to continue in the struggle and the moment to look ahead to the next 100 yea years. and 9 moment to ensure our democracy is truly representative. over the last century, women have also fought to gain access in classrooms, board room, and elected it office, -- elected office. we have seen the power of women's leadership with each advance. we see that diverse voices and perspectives, equity and inclusion bring new ideas, new insights to the halls of power.
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we've seen that right here from our vantage point in san francisco, with our own representative nancy pelosi, the first and only woman to serve as speaker of the house, our two female senators and now vice presidential candidate kamala harris. as i said earlier, i wish we could all be gathered in person together. this is not how anyone could have imagined 2020 would look. but it also reminds us how important it is to have strong and capable leaders. and how connected we are together. in honor of our ancestors, our foremothers, our sisters and the struggle, i am so proud to kick off this event and to bring together our two city female elected officials, women who not only forged the path, but always bring others along with them. carmen chu as served as the elected assessor since 2013. her efforts in the in performing the office and successfully
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reversing decades of old backlog, earned her office the prestigious 2020 good government award, an hon father recognizing the excellence in public sector management and stewardship. assessor chu has also recently taken on a new leadership role to co-chair the economic recovery task force, using her fiscal expertise to help san francisco through an unprecedented economic impact from covid-19 pandemic. on top of all of this, she is vice president of the california assessors' association, served on the employees retirement system board, overseeing the investments of $26 billion in public pension system and a little provides direction on the executive board of spur, a non-profit focused on developing regional solutions to cross-county challenges like housing affordability and climate resilience. in addition to all of these wonderful things, and all of
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these new roles, she has a new role as a mother. and is forever a public servant with her values rooted in her experience growing up as a daughter of immigrants. thank you for your leadership, assessor chu, thank you for being here. and finally it's my honor to welcome our mayor, london breed. in 2018, mayor breed was elected to be the first african-american woman and the second woman in san francisco's history to serve as mayor. she was re-elected for her first full term in november 2019. she led san francisco's emergency response to covid-19 with grit and grace. and is currently guiding the city's phased reopening and economic recovery. recently mayor breed announced -- since becoming mayor, her priorities have included helping the city's homeless population and to care and shelter and
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adding more housing for residents of all income levels. helping those suffering from mental health and substance-use disorders, and ensuring that all san franciscans have access to a thriving economy. furthering san francisco's leadership and combating climate change and honestly the list goes on and on. so thank you all again for being here. i'm excited to get this conversation started. >> thank you, breanna, for such a nice introduction. we will now ask our assessor carmen chu, the co-founder of the w challenge, to give some introduction remarks, as we are awaiting for the mayor to join us shortly. >> thank you. first off, i want to just thank everybody, all of our partner organizations, breanna, for your wonderful and warm introduction. thank you all for joining us in
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this virtual way. i think that this is a special day, a day that i think as breanna mentioned, women were able to win the right to vote. it did take decades, though, for indigenous women and women of color to also be able to participate. so i think as we take the moment to celebrate this milestone in our history, it's also important to recognize that the struggles for participation, the struggle for representation still continues even as we speak. it is highlighted not only from what we're seeing from the federal attacks, in terms of women's rights and the place of women, but also when we're thinking about even how we are all seeing the response to covid-19. i think it's not lost on so many of us that covid-19, though it is a disease that impacts everyone, it has not been impacting our communities in an equal way. we've seen a disproportionate impact on our lateef hasani grat
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latinx communities. women bear the brown in the industries most impacted negatively by covid-19, health care sectors, education, childcare. and not only that, but we are also seeing that women also are playing a role of double duty, even triple duty when it comes to not only balancing their jobs, employment, careers and also childcare and elder care. this is something that is intimately experienced by so many of us. for myself, as a young mother, with a 15-month-old daughter and having my elderly parents now sheltering in place with us, i feel that impact. and yet i find myself really understanding how fortunate i am, even to be in a place that i am now and to be able to still have a child. so many of the people that we're talking about have lost their jobs, are on the verge of losing their businesses and their homes. it really does highlight the importance of recognizing the impacts of covid and the
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opportunity to really step up. and so today we have a unique opportunity to be able to talk about women leadership, especially at this time. i think as breanna had mentioned earlier, there's a cross section of home things happening, in addition to the challenges that we have with covid-19, we're seeing wildland fires across the state of california, that's brought about by climate change. we're not only seeing that, but continued challenges at the federal level when it comes to our immigrant communities and people of color. and so again we're really, really excited to have the mayor today to be able to speak more about women's leadership and the importance of that going forward. and so i see that our mayor has joined us. and so i want to welcome london to the program. i think today's going to be a very -- it's going to be a unique opportunity. we rarely have the chance to be able to interview each other and have a candid conversation. so it will be a lot of fun to be able to do that today.
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but just a moment right before you came on, mayor breed, breanna was able to share some really great information about your bio. today people are really looking forward to get to know more about you and your leadership style as we go forward. i think as you know we started the w challenge a few years ago and you've been a strong supporter from the beginning. i think one of participated every single year that we have come together to talk about the sponsor of voting and women's participation. this year our challenge is to really make sure we're highlighting the 100-year history of at least 100 great, amazing women leaders. so we really want to tell the story of women's leadership through the years. and how we all build upon those histories, in order to be where we are today. so again i'm super excited to bring mayor breed on to the show today. i'm going to ask you the first question. but actually before we do that, why don't i ask you to introduce
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or say a few words if you'd like to, to commemorate the 100 year-anniversary. >> well, thank you so much, carmen. it's, of course, always great being with you and talking about important issues in our city, pour importantly celebrating 100 years of women receiving the right to vote. we all know sadly, with the history of this country, that did not include women of color. and we know that, you know, when i think about from a perspective of where we are now in this country, and how there is finally a reckoning that is occurring around race and around inequality and what's happening to people, as a result of that spark that sadly involves the death of george floyd, i think this is the perfect time to start to have these honest conversations about this. because from my perspective, you
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know, our differences are what makes us a better city. it's what makes us a better country. i hope my phone is not too loud. i don't know how to turn it off. but it makes us a better -- it makes us a better city. it makes us a better country. and i think that it starts with the next generation and it also needs to be embedded in our young people at an early age, that in a way that could effectively allow for change. because the sad reality is we know a lot of this is taught in the home. it's taught, you know, early on. and it develops into who you are as a person naturally. we have to get to the point of all of that. we have to be prepared to have the honest conversations about our differences, you know, how we all fit into this world. and how working together we can make things better. and i've got to be honest. no one does that better than
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women. [laughter] but we are, you know, multi-taskers and it's naturally who we are. so as we celebrate, you know, the right to vote for him, we have to also keep in mind there was a time that women couldn't vote in this country. there was a time that black people couldn't vote in this country. there was a time that folks were discriminated against and hung just because they wanted to exercise their right. we dishonor their memory and sacrifice when we don't show up to make our voices heard. that's the celebration should remind us about those people and what they sacrificed and how we have appear obligation to not only exercise our right to vote ourselves, but to make sure that we are lifting up others to do the same. and that we are also making it clear to the next generation how
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significant it is for them to do so as well. >> yes. >> glad to be here. absolutely. i think the points you make really do resonate, because i think that the fight continues, right. even now i mean we're continuing to see the inequities continue to be part of our daily lives. we need to really speak honestly about it. it is really hard. it is hard to talk about race, because it's uncomfortable. unless we start to get to a place where we can do that, i don't know how we start to dismantle what's there, right. and even within the last covid response, we've been seeing a lot of rise in anti-asian sentiments, people blaming the asian community for what's happening. i think even then we need allies, we need people to say that's not right, that's not okay, that's not the reason why we are in the place that we are. and so i think there's a lot of -- there is a lot of hurt and there's a lot of healing that we need to be responsible for. >> yep. and also, carmen, you know,
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think about -- i don't believe there's one person on this earth who hasn't been disrespected in some way. >> absolutely. >> and they now that hurts. and it doesn't feel good. i'm sure you've been called racial names. i've been called names. and when you think about that, why would you want somebody else to feel that way. >> that's right. >> and i think that we have to start to get to, you know, the root causes of how those things developed. and we have to have honest conversations. and just, you know, for example, i still have people in my family who make certain comments and use certain, you know, racial slurs that i have to correct. and they're basically like, well, we always said that. and i don't do it because i'm mayor. i want to be clear. but i do it because it's
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offensive to the people that claim we respect, right. it's like when you use those terms and you don't understand it's not appropriate. why would you continue to do that. so don't tell me you have a friend who is gay or you have a friend who is chinese and you have a friend who is this and they don't have a problem with it. i don't care. i have a problem with it. >> yeah. >> because i would be offended if someone used certain comments and words against me. but we have to also educate our family members, especially our older family members about terminologies that are just not appropriate to say about other people. >> yeah. and i think that it's absolutely true. i think the more that we can personalize and share with our family what our expectations are and what it means for people, i
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think the better -- i think we all grow up with certain experiences and we all have preconceived notions about people and we all have ways to shortcut what we think. but ting what is important that we recognize that they exist, right, that we might have biases that exist. and make sure that they don't drive how we make decisions or they don't drive how it is that we interact with people. i think that's what's really important. it's not to say that any of us are perfect or we don't have biases. but it's to recognize that we do. >> yeah. >> to make sure we don't let that motivate us, right. i think as you mentioned, when we have an opportunity to give a different perspective when a family member or anyone is making a generalization about a particular community, it's to say why do you say that. i don't think that's true. that generalization actually is wrong. what would you think if they said this about our community, right. it's to make sure we kind of do
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that we continue to grow and evolve. we're in the middle of a global pandemic. no one thought we would be having to deal with something like this. not only that. we're say it's where we have conversations and we're having a reckoning when it comes to institutional racism, police brutality. so i want to know what does it feel like to be mayor of a city like san francisco during this time. do you thinking about a woman mayor makes a difference? >> oh, my god. carmen -- >> it's a big question. i mean, no one can prepare for this kind of thing, you know. >> well, i'll just say that, you know, i'm very spiritual. and when i became mayor, even to this very day, based on my circumstances, i still can't believe that someone like me could actually be mayor of san
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francisco. it still -- it's almost unreal. i wake up in the morning, it's like, yep, you're still mayor. and it's still blowing me away. and then when i think about what i have come into and my personal background and my experiences. talking about creative in times such as this. and that was kind of the message. and because i will say -- i was in my head wondering what's going on here. you know, is this the end of the world. like global pandemic. the fires, the unrest, all of the protests, all of this stuff. i was just like, wow. and then our president, right like this is like almost as if i'm watching a movie. and it's not real. but it's real.
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and it's our life. and what i realizeif i were not mayor, how would i want to feel. and how would i want my leaders to waive in a way that help -- to behave in a way that helps reassure me that things will be okay. >> yeah. >> and so that's how i've made the decisions that i have made. and by being completely honest with the public every step of the way. and also letting the public know we don't know what the future holds, which you typically as a politician should not maybe say or people think you should not say. but i think that, you know, we as women, we're kind of realists. and we feel strongly about -- like, for example, your mother, you know, you know how it is where you want to do everything for your kids, but you also have to say, no.
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we can't. >> oh, my gosh. i told you. i don't say no. >> i'm going to get you, ca car. you have to man up. [laughter] but you've got it like -- but part of saying to our children is to protect them. >> yeah. it's part of what is important in our natural -- this is naturally how we are. we're nurturing people as women in most cases. and we care about doing what's right for folks. and i think that has been a guiding principle for me, because it's not easy, of course. and, you know, like, for example, you think that it doesn't hurt my heart to see people sleeping on the ground or -- it's not that i don't like seeing it, it just hurts. it's a human being that's sleeping on the ground. and in my mind i can't help but -- when we go past and, you
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know, honestly i pray for them and i also ask god to help give me the strength to be able to do this job and to make things better for people. it's not about the complaints. it's about the need to try and get people to help and the support that they need. so i think, you know, in terms of governing, it's just -- i am doing the best that i can. i am listening to various advisers, but also members of the public with their emails and their comments and their suggestions and trying to make good decisions. because a lot of people are counting on me. they're counting on me. it's not london, it's the mayor as a symbol of, you know, the leader of the city. and they're counting on me to make good decisions, to keep them safe. and so that's how i see my job. and it's important to make sure that we're doing what we're doing. and that's really why when -- i
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mean, we can't just do one thing, we have to do a lot of things. and that's why i was like, carmen is one of those people that i respect, as it relates to money management. [laughter] and fiscal responsibility. she's like bringing in the bread. but also the accountability and everything. she's the perfect person to help with the economic recovery and what that entails. plus, on top of that you're very thoughtful in how you think about things. you're not just thinking about a business, you're thinking about the people because of your family, right. and your experiences growing up and your mom and dad. you're thinking about those experiences and how they had to struggle. >> yeah. >> and you know what people are going through. and so i guess i'll go into my next question -- my question, my first question to you is, it's like as a daughter of immigrants, and a small business owners, how did your personal experience shape you as a person
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and as a leader for a time such as this? >> yeah. i mean, i think just going to a point thaw made earlier, when you were talking about, you know, -- what is it like being kind of a woman leader, too. i don't know -- i think that when i've seen with you has just been this real collaborate approach. i'm not sure that any other elected mayor would have asked another elected person to help do the work that you asked me to do on the economic recovery task force. and i think that says a lot about how you approach things, which is let's bring in people to help be problem solving together. and i really appreciate that, because i'm not sure that anybody would just do that, right. i think that says volumes. you know, in terms of being, you know, how it is that we approach leadership, especially as you grow up, i think especially for me i saw my parents really struggle, right. i was a young girl, i never saw
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my parents. i was a latchkey kid. my mom and dad were working every single day. they would go to work, i'd be at school already, they wouldn't come home until after i went to sleep. i really rarely saw my parents. and i think seeing how hard they worked, it's -- it's a symbol of sort of how hard it is for a lot of small businesses to make it and to survive. and i think seeing how they struggled, seeing how they were discriminated against because they had an accent or how people didn't street them the right way when they went in to ask for help, because they couldn't say it right or had an accent, that really hurt me. when i think about public service and the things i hope to do, it's to really try to create opportunities for people and make sure that everybody knows that they're worthy. it doesn't matter where they come from or how much they have or how they can speak. they're worthy as individuals. and then i think now especially as a young mother, too, i love my daughter so much. she's really changed i think my
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perspective and, you know, my patience. and i realize that, you know, when i see the love that i have for her, hurts me to think that there are other kids who don't have the same support, who potentially are going hungry, who don't have the same opportunities to succeed. and that hurts me. because i just turn that around and say, what would i feel if that was for my daughter. what would i feel if she didn't have the chance to be loved, to be fed, to feel safe, to feel like she could be whatever she wanted to be. that kind of feeling helps me today. keep on making sure that you create opportunities, that you help people have a job, that you can support families the best that you can. you know, we're not going to be perfect. and i like when she said earlier about being honest with people about where our problems are. we should tell folks, let's be honest, here's where we have
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problems. here's what i need help with doing. here's what the city needs to do to pull things together. and we're not perfect. but this is what i'm going to do about it, right. i think it's important to tell people that, because, you know, in terms of leadership, it's really important to be transparent with people, because you lose the integrity, you lose the only thing that you have going for you, which is, you know, what you represent and what you say. are you going to say the things you say you're going to do. are you going to do the things that you say, right. if you lose that, you lose integrity, you lose people's trust. i think that's really embedded from the lessons that my parents have taught me. but i think also again i think just being someone who, you know, feels, who is a mother, who kind of sees the struggle that my parents went through, i don't want to see that for other people. i want to do everything i can to change that. so i think being on the economic recovery task force, i think about that every single day. i think what can we do as a city to help to save that one more
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business, save that job, so that people have the chance to be stable, you know. and have opportunities. what do we need to do to make sure that actually kids are not going to fall behind. like you know the distance learning is what we're doing right now, it's a travesty to not provide education to our young kids, who will fall further behind if we don't get it right, if we just don't figure out a way. i think those are the things that really just drive me as a leader, to say what are those struggles that people feel, that i know from my own background that can really help to change things. i think you and i have the same experience. it really drives us. >> yeah. >> i think it kind of goes back to i think about the conversations you and i have had, where, you know, we are kind of commiserating over something really terrible happening, like something that was just like ridiculous that was happening in politics. you know, politics is tough because despite the best
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intentions sometimes, things get said a different way, it's represented in a way that's different. sometimes things are just really hard. so i'm curious to hear from you about what is, you know, what is it about your life or your experiences that helped to motivate you, when things are hard? you know, because being mayor you get a lot of criticism for things that you can control and things that you can't control, right. and, you know, how do you deal with that? and what kind of keeps you centered? >> well, just think about it, carmen, can you imagine the fact that you and i both came up under some of the most challenging of circumstances that we'd ever be in positions like this. >> yeah. >> it starts with that, number one. number two, as hard as things are now, things were worse when i was a kid in terms of my life experience. so when i tell people like i
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grew up in public housing, i didn't just grow up there, i had every single experience directly in my household family situation, where when you talk about domestic violence, when you talk about drugs, prostitution, grandma raising me, criminal justice system, mentally ill. all of these things -- welfare, food stamps, you know, clothing with holes in them and everything else and criticism and fights and drama and lack of access to things. anything that anyone probably talks about, that they care about in terms of helping people in, you know, the most challenging of circumstances, i probably experienced it directly in my household. and the reason why in some
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circumstances i don't into depth about some of those really tragic stories is because out of respect too my family members. -- respect for my family members. out of respect for not putting all of their business out there, because i'm the one in the limelight. and i don't want to expose them to, you know, challenges. i'm able to talk about my sister, who died from a drug overdose, because of how it impacted me personally, you know. i talk about my brother, because my brother was okay that i talk about his unfortunate situations. you know, but, you know, like just experiences that i had, when i think about, you know, like being a kid in the midst of those challenges and not being able to escape that world, you know, i just -- you know, that is really what drives me. because i know that my
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experience is not unique. what is unique that i'm in a position like this, coming out of those circumstances. and this is why this work is so important to me, because i know that there are other young, talented people out there that just need a chance. they need a chance. they need a support system. so as challenging as a time that we're having right now, and as much criticism and i may receive it pales in comparison to what i experienced growing up. that's why i feel confident about my strength and my ability to take on a role like this. because i feel like i was prepared to be in a situation like this. it's so interesting because yes,
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it's hard, yes, sometimes it's frustrating. and there are setbacks and disappointments and struggles associated with this work, but i feel optimistic about our ability to really make a difference. a mayor would ask another elected official to, you know, it's not just that i asked you, it's just i also have to listen to what you're advice is, even if i disagree with it. part of that is really how i work, because it's not just about me. i feel like it's important, as a leader, that you bring other people along and you're prepared to listen, it doesn't just have to be your way or the highway. and so i think my experience of growing up and seeing how
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infective that kind of approach has been and how it had a negative impact on people that grew up like me is why i do this. because i want to change things genuinely. the only way you're able to do that is by making sure you're making good decisions and you're always keeping in mind the people that we're here to serve. so i want to go back -- i know, you know, we're talking about our various experiences. but i just want to jump in, because when you first became a member of the board of supervisors, you were the only asian woman to serve at that time. >> yeah. >> and i just want to know how did it feel to be on the board? because the board of supervisors right now is a hot mess. and there's always a lot of drama, you know, i served on the board, too. but there were other women. you left me.
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[laughter] i was like, no, carmen, don't leave me. >> i went downstairs. >> but tell me when you first started, because you weren't trying to run for office. you weren't trying to be in politics. you were just dealing with the money and the finances and trying to do your job. tell me what that was like for you. >> yeah, i think for me, you know, i'm -- by nature i'm probably more of an introvert than anything, you know. i think people kind of like you are? how can you be a politician. by nature that's what i was. my parents were always like, you're so shy, are you ever going to make it in this world. are you going to hide behind me all the time, right, when i was younger. we all kind of learn and we grow. you know, i had been in the mayor's budget office for gavin newsom at this time. i enjoyed the policy work behind the scenes and getting down to the nuts and bolts of things. at the end of the day, when we talk about policy, ultimately
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when you want to look attack priorities of a city and the values of the city, you see where the money is spent. because that matters, right. where you put your resources matters and it speaks about the values that we have as a city. and so that was really kind of where i started. and then i think overnight mayor newsom, at the time, appointed me to be a member of the board. and it was -- it was under a cloud of challenges in the asian communities, right it was. it was then when the supervisor of district 4 was under investigation. i remembering about the only asian supervisor at that time. it's a heavy kind of burden in a way, because you feel like you have to represent all of the chinese community, all of the asian community, right. and what does that mean? because our community is so diverse, right. i can't possibly represent the perspective of every single person. but it felt very heavy. and i asked myself why am i the only asian-american in the city,
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where we have such a large population, right. the other thing weighing heavy on me at the time, and played out during the election, a lot of people were basically saying that i didn't have sort of the right to be the representative, because i wasn't born in san francisco, right. and there was nothing that more kind of offended me than that, to think that if i wasn't born here, so if i was an immigrant or if i was someone who had moved here, but cared a lot about the city, that i didn't have an equal right or i shouldn't have a voice, offended me to the soul. because it kind of just said, what does that mean about my parents who emigrated here and worked so hard. are you saying they don't have a right to participate or have a voice also, right. i remember when i was running, it was under this cloud of, well, are all asian politicians corrupt, you know, because it wasn't just -- there were a few other issues that had happened. i think it was just this feeling
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of needing to make sure that i comported myself that was above and beyond, to make sure i left no doubt that that's not the all asian-machineries behaved, -- all asian-americans behaved. make sure that you are representing in a way that you leave room for people to come behind you, right. i didn't want to be an example of yet another asian-american politician who was disappointing the community, right. and so i think it was just -- it was a big challenge because there's so much kind of going on at the same time. but i'm happy that we have since that time have had many more folks rise and be elected. and i think we need to continue to support that. so i think the work that we can do to continue to mentor young people and especially young women i think is really, really important. because i think sometimes people just need to see that it's possible. you know, i said that to you
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before, right, too. you know when someone sees that -- as someone who went through all of the hardship that you went through, who grew up facing all of the challenges that you did, were able to -- was able to become the mayor, that's inspiring, right. just that example and just seeing that is inspiring. for someone to say i'm looking at carmen and i'm that shy kid who no one really paid maybe that much attention to. but she can become an elected person and do good things, too. that's inspiring, too. those are the examples we need to show is that not all leadership styles are the same. but we can all succeed as leaders, right. and so i think that's something that has been imprinted in me, i've kind of realizing this. >> yes. i'm sorry. >> go ahead. >> a really good point about where, you know, different styles of leaders, right. and i like that.
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but we both have very, you know, unique backgrounds that have, you know, involved struggle in some capacity. i think it also developed -- it also helps us to develop a appreciation and respect for one another as well, which i think is also important in the world of politics. how we treat each other, even in the midst of our disagreementses, it's so important, because that's one of thing biggest challenges that we face. and when we have disagreements and we start to do the personal attacks and some of the other lies and other things, it just doesn't set a good example i think for young generations. we're just as bad what we see happening in the white house with we go that route. >> that's right. i want to ask you a personal question, but a fun one, which is what is something that no one knows about you?
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a fun fact. >> okay. a fun fact. one of my absolute favorite shows that i watch all the time, people would not believe it, it's "fraser." [laughter] i love "fraser" because, listen, this is a tough job. you know how like at night, i try not to watch the news or nothing too serious before i go to bed. and most of the time and i just kind of to laugh and smile or do something more happy, i watch "fraser." >> so i have to admit, my guilty pleasure is watching korean dramas. those romantic dramas. love them. >> oh, my goodness. yeah. i just -- and i love out loud a lot of times when i'm watching
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"fraser." all my by myself normally. [laughter] that would probably surprise a lot of people. >> so kind of getting back to a bunch of encouraging, this idea about encouraging women to participate. you know, i want to know what do you think about -- what would you say to someone on the fence about participating? and if someone is thinking about running for office or wanting to do something where they get on a commission or something like that, how -- what do you think people need to do to prepare for that experience. what would you say to those women? >> well, what i would say is when you feel something, when you want to do something, then you should go for it. part of what you want to make sure is you do your homework to prepare. that you know exactly what whatr roles and responsibilities are and the position that you're going for, whether it's a request to me to be a member of a board or a commission, that i
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have the ability to make appointments for. or if you decide to run for public office. you know, when i decided to run for supervisor, i wanted to be a good supervisor for the people of the district i represent, where i grew up in. and so that entailed making sure i knew how to do policy and legislation and i understand how the process worked and the city worked. and the good news i'd been on commissions and other places. so i understood it. but i actually went back to school late in life, before i ran, to get my master's in public administration. and i ended up graduating from u.s.f. with honors, because i was committed to making sure that i was the best policymaker for the people that i represented. and i'm not suggesting that you do that. it's just that whatever role you want to play, you set your sights on that role and you make sure that you're prepared to
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take it on and all that it entails. and unfortunately in the world of politics, and in the world of public service, it also comes with its fair share of criticism. and i think it's going to -- it's really important that you have thick skin. and it's important that you have -- i'll tell you i made some mistakes along the way. because, you know, i want to be honest. i'm a girl from the projects. don't come for me unless you want me to come for you. so i have made some mistakes early on where i have cursed some people out and did some things. and what i had to realize is if i want to represent people, it can't be about me any more. so i can't do what i typically would do if it's just me, when i'm entering the world of politics. so i had to grow a lot in the position. part of it is just really making sure that you make yourself into the best person you can be. you just the best job you can be and you remember you're there
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representing other people. don't let yourself get in the way of that. >> i agree. and i think, you know, i second that point that you make about sort of making sure that you're prepared and know what is required of you. and i think it's also about being prepared to make hard choices. >> yes. >> because it's easy to kind of just fall with the rhetoric, where the wind is blowing. it's really hart not to go -- hard not to go in that direction. people ask us to be leaders to say based on what you know and where you want to do for community, is this the right choice or is it not. sometimes may not be convenient, right. it may just be the thing that is not the most popular thing that people want you to do. but you think it's the right call. i think it's important. i think two other things that you mentioned earlier, i think is really important. optimism. if you're not somewhat optimistic about being able to make change, politics and public office isn't for you. because you've got to be
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tenacious, you have to believe that you can do something. it's easy to get discouraged if you don't. a story of tenacity. i don't know if you remember, london, you and i were on a trip to israel, right before the mayor made an appointment to the district 5 seat. do you remember this? >> yes, yes. >> and i remember -- so, you know, ultimately the mayor ended up appointing someone else, right. and london still ran, right. she's like well, i'm still going to run. i still want to do this. she ended up winning, right. i remember on that trip -- i remember seeing you. you were like what's going to happen. she was thinking about it the whole time. even though we were looking at different things, learn being, you know, the diaspora. she was tenacious and wanted to do the job. because it came across, right. those a few other things. you have to be optimistic that
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you can make change and be reallying to work hard. the changes that are really worthwhile, are hard to get to. >> yeah. it just want to add. i know we have to wrap it up, i see your communications person. i just want to add that you also -- i think it is important that you are really prepared to make the hard decisions. and at the end of the day, when you make that, is the right decision, not for your political career, is it the right decision for the people you represented. never lose sight of that. >> yeah. >> there were a lot of things that i supported that no other candidates supported when i ran for mayor. and people were trying to tell me to change my position. i said but that's not fair to the public. they need to know who i am as a person and the kinds of decisions that i'm going to make. and that's what's so critical. don't change who you are to fit into it. that's where sometimes people go wrong because of what they see
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in the political climate. >> yeah. totally agree. because ultimately something has to ground you, right. the things that we talked about, about the things that motivate us to do good, if you keep on changing what that is, i'm not sure you industrial a direction any more, right. >> totally. >> i really enjoyed our conversation. >> thank you. >> it's been a lot of fun chatting with you. and really just kind of -- i think it offered people a really unique look into how you think about things and, you know, i think it's a great opportunity to just highlight, you know, an amazing job you're doing. thank you for all of your leadership, especially during a hard time and for joining us. and with that i'm going to turn it over to vivian so that she can help us wrap up. >> thank you, madam mayor. thank you, madam assessor, for such a great conversation. i really hate to interrupt and come in and end it. it was such a great conversation for all of your stories and sharing your thoughts and the passion behind running for offices. those are really great lessons
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for us to learn. so at this point i also want to just quickly go into our t-our w challenge 2020. as you may all know, that ever since the w challenge has launched, we have been creating a new challenge every year to uplift women. also trying to encourage more women to vote, especially for this upcoming election, it's so important for all of us. we're going to be running a ten-week social media campaign starting from today and all the way up to the election day. we have 100 women from the past century that we have selected. they are local, they are great. they've been part of all of the suffrage movement, as well as other social justice movements as well. so we encourage everyone to go on our website. i'm going to be quickly going into it, sharing it on our screen right here. if you go to that home page, all you need to do is to click on the 100 years of women leaders
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here. then you can read about the details of our campaign. but basically you just need to select two to three women each week and feature on your preferred social media platforms, #wchallenge and encourage more women to do that. so we're hoping that by uplifting these stories, we are able to encourage more women to vote and take leadership. just in honor of all of these women that were before us and all that they have done to grant the right that we have today. so thank you so much for everyone who is joining us. we are inviting our partners as well, alison go, president of the league of women voters san francisco here to give us the final remarks to end today's celebration. thank you. alison, the stage is yours. >> thanks. thank you for having me today. i am so touched and really energized to hear the stories and experiences of madam assessor and mayor breed.
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you know, both as a young woman and an immigrant, really thank you for really your leadership in sharing these moments with us. thank you for everybody who helped plan this amazing event today. i know normally we would be on the steps of city hall. this is pretty great to hear everyone's stories. i can feel the energy throughout san francisco and a huge thank you to our volunteers kathy bar, who really helped to put this together, on behalf of the league as well. my name is alison go. i'm the president of the league of women voters of san francisco. we're a nonpartisan, volunteer-run organization focused on non-partisan voter education and advocacy efforts here in san francisco. you know, this election is unlike any election before and unprecedented challenges. every single time we hear this is the most important election yet. actually it's true this time. and with covid-19, the state of california has naile -- mailed y
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single voter a battle. this is really, really great. many of our fellow san franciscans may not be used to the voting process and there's a lot of misinformation out there on how to get the ballot, how to transmit the ballot and election security. first step, making sure you're registered to vote. if you're already registered, you'll automatically receive your ballot during the first two weeks of october. and if you're not registered or if you've moved recently or maybe changed your name, you need to re-register. remember that the voter registration deadline is octobe. you can register to vote or re-register on our website at. wehavelinkstoallofthesethings. and then again if if you're not sure of the voter status and you want to double check sometimes, you can double check the voter registration online, same site. you can check what address they
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have on file to make sure you get your ballot on time. if all of this seems like a lot to remember, go to and help make your plan to vote, whether it's mailing your ballot in, dropping it off downtown at the auditorium or even dropping it off at your local polling location, just make sure that your vote is counted this november. the league also puts out a lot of non-partisan voting material. for example, our proand cons guide offers an eas easy to read ballot measure. the guide is budge -- put togetn many languages to reflect the community in san francisco. next month we're hosting candidate forums for several of the board of supervisors races. specifically district 1, 7, and 11. these are free, they're going to be open for the public.
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we will broadcast these over zoom and we'll post them afterwards on our youtube page and they'll be broadcast over at thanks to our partnership with them. and guess what, these with always be found on our website on the vote page. the page will be updated throughout the fall, as more of our materials come out. there will be a really great one-stop portal for all of this information. so thank you for having me. these next nine weeks, let's get our friends, family, neighbors, colleagues to commit to vote. and make sure that they have a plan to vote, whether it's in-person or with the mail-in ballot. please go to, especially the women here today. thank you for having me and please stay up to date on everything the league is doing. you can follow us on facebook or on twitter. or whic by visiting us on the
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website. >> i just saw in chat we have a series of events coming up also. 5:00 today i believe the league is having a partnership with the mechanics library and also talking about the suffrage movement and tomorrow in partnership with the public library, the neighborhood history project is also having a presentation about the first suffrage march that is happening and was led by a san franciscan from glen park. so stay tuned. you can also visit under events to check out those activities that are ongoing. so thank you again for everyone. this concludes our virtual celebration of women's equality day 2020 today. thank you very much.
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>> this is the first digital family wealth forum. it is put forward by elected officials since 2017. we have served over 1300 families so far. we are honored to support you through the pandemic. we will be join by financial planners and experts to answer your questions. i would like to go over a few housekeeping continues with you. we are offering spanish and
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chinese interpretations. please select the language channel at the bottom of your screening. there is an icon and q&a function at the bottom of the screen. if you have any questions, type it in and we will try to address it during the webinair. if we run out of time we will follow up afterwards. >> i will ask vivian to go ahead.
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>> thank you, vivian. mario, will you please explain in chinese. thank you so much. before we get started. i want to remind our panelist to please mute yourself and stop your video until it is your time to present. i feel like some of the guests say there is an echo.
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please mute yourself until it is time for you to present for your session. i will ask our leader, carmen chu, to give opening remarks before presenting our questions and to quick start session one. personal finance management. >> thank you. good morning everybody. i hope you are ready for a morning of financial literacy and good information. i want to say thank you to the folks who helped make this event happen. we are going to try our best to make sure this format is as helpful as possible. be patient with us as we start to experiment with new technology and a good way to relay information during covid-19. i want to thank everyone for joining us this morning at our first ever digital family wealth forum. we had first started this program in 2017. as we were out apabout in the
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community we kept hearing questions from across the city how to be plan for the future. it wasn't just about if i have a house, what should i do with it? what should i do for your own personal finances to achieve big goals. education, buying a home or other things. we really wanted to put together good information to our san francisco residents to benefit from hearing from many experts. i think especially right now as we are in covid-19, a scenario we planned for may in person forum we wanted to make sure that we brought credible financial information straight to you. this is incredibly important especially during this time we have heard so many scams that might be happening. we have heard unreliable information that people are trying to understand, figure out
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for themselves. what we wanted to do was to bring a program together today to address some of the big concerns we are hearing about, especially with covid-19. today we are going to talk about a number of different things. one, personal finance. we want to make sure we bring our cpa and financial planning professionals to talk to you about what you need to know for personal financial management. what is in the cares act, how do we maximize tax benefits and financial considerations during this time? second hour of the program is going to focus around resources for families. for homeowners, individuals, people who need assistance at this team. shannon with homeowners sf will share information with you. we want to focus on the topic of estate planning and healthcare
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directives and what information and documents you need to pull together for the future. this is really important especially now with the global health pandemic. we are doing the best to stay home, stay safe and protect ourselves and loved ones. up of us will know if we contract covid-19 and what that consequence might be. it is a good reminder it is a good time to plan for the future. we have served over 1300 families. i know that we had actually hundreds of people register for this event today. we hope we are able to provide a good program for you so you have the first step forward of being able to plan for the future. before i introduce our panelist and get to the questions, i want to thank my team at the assessor's office who worked
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hard to transition to online. vivian, arian and al are here and available to help not only with technical but also the questions that might come forward later from folks participating. thank you all for joining us, and i will jump right into introducing our first workshop participant. we are going to be talking about personal financial management in our first session. i am so excited to be able to have francis and heather join us. i will read you theirbios. it is an impressive history and great passion. i want you to know about them. frances is a san francisco based cpa. part of the finance team at ria family office. worked for accounting terms for much of his life in private
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equity and venture capital. in spare time he enjoys volunteering and helps with the financial planning day and helps with tax aid to make sure he is giving back to the community on weekends and helping folks who might not have access to services the way other people would. outside of work you will see that he loves to do a lot of reading. he is learning to play the ukulele. i don't know that he will grace us with those skills today. we hope to learn more from the financial side of his mind. we also have heather a certified financial planner and involved agent at uc berkeley program director for financial planning and accounting. she teaches retirement planning and employment benefits. she is vice president at hargrave advisers doing the financial planning and has a private practice as tax
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preparers. her writings have appeared in harvard business communications letters and elsewhere. we have two great distinguished guests to join us. welcome, heather and francis. >> thank you very much for the warm production, carmen. >> thank you. >> hi, heather, thanks for joining us. >> first question. we have a question about congress' act. under covid-19 there is a lot of activity happening in terms of programs available to individuals. one of the questions we received was around the cares act coronavirus aid relief and economic security act. people want to know what economic repercussions are associated with it. any programs or things they
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should know about relating to this. i think heather will take the lead on that question. >> the cares act, like most acts is quite complicated with a lot of pieces to it. the ones most important for you are people whose income in 2019 was less than $99,000 have probably already gotten a stimulus check of $1,200 in the mail. if you didn't get that and your income is not very hi, check on it. you can go to to see why you haven't gotten it. there are loans for small businesses and other important things. if you have a flexible spending plan or health savings account. those are both ways to save tax free money for medical expenses. two changes. you can buy over-the-counter medications with those. the last five or six years you were not able to.
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now you can buy aspirin and things you need at the drugstore and you can use those to buy feminine hygiene products. that was never true before. if realize now that your health insurance or ssa or plans may not have the amount you want or type that you want, your employer is allowed to let you change midyear to put more or less money in the flexible spending plan and change your health insurance if the employer offers more than one plan. you can withdraw or borrow from the 401-k without penalty. you have to pay tax but there is no extra penalty if you are not 59.5 yet. those are the key points that affect individuals. >> can you tell us about the
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differences on the topic around 401-k and i ras. this is often a point of question that people will typically raise. >> yes, in general 401-k or work place plan is a great plan. the most common type is 401-k. same is for 403b, 457, simple ira, sep or deferred compensation plan. those are workplace plans. if you don't have that at work you may have ira, traditional or roth. big differences. workplace man you can withhold up to $19,500 of salary in tax deferred. if you have over 50 you can withhold another $6,500 for
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$26,000 altogether. if you have an ira, you can put up to $6,000 per year and $7,000 over 50. do the workplace ma plan to save more. >> can you expand on this. there is a difference when we talk about whether something is pre-tax or after-tax contributions. can you clarify? >> if you put money in the 401k or traditional i ra, it is pre-tax money. you put money in and don't get taxed now. that saves income tax in the current year that you put the money in. that is sheltered. when you take the money out later when you are retired, you pay income tax on it then. that is good because you haven't paid tax for years, you are able to save money and are probably in a lower tax bracket when you retire.
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that is tax deferred. putting pre-tax money in and tax when you take it out. there are accounts where you don't save now but a lot in the long run. the roth ira if you put it in this year you will not save this year. it is after tax money. as that money grows over the years if you have got it invested it will earn income and dividends, capital gains growth, when you take that out you pay zero tax. both plans are good. if your 401-k offer an option to put some pre-tax and some roth. i usually do both. both plans are really good. >> is there an income criteria for roth ira? >> it is on the screen. if your adjusted gross income is more than 139,000 and you are single or 206 and you are married filing jointly you
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cannot contribute directly to roth ira. important if you are married filing separately you can't contribute to any ira. take that seriously you probably shouldn't file separately. most people file single or married filing jointly. there are lower income limits for traditional ir a. if up high income and would like to contribute to roth ira. call th the bank and say backdor roth. they will help you. that is a code term to get money in roth ira with a high income. if you talk to a finance professional they can help you do that. >> speaking about retirement. i think under covid-19 right now a lot of folks are stepped for
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cash flow. if we are talking about disruption in jobs because the employment has gone away, people are temporarily or permanently laid off or people with a shelter-in-place order and businesses not opening there is a need to make it through. people have been trying to figure out do i take out loans, should i be pooling money back from stocks and investment, taking money out from retirement funds, those kinds of things. should i stop contributions when i have more immediate needs right now? can you talk about what people should be considering or thinking about in that way. >> it is easier with a lot of money. you can shelter from risk with a lot of money. if you had all you needed right now to retire and live on for the rest of your life, you don't
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need to invest. you can keep it under the mattress with no risk. most of us are not in that situation. we need to invest money to grow in the long run. the problem is we don't know exactly how the timing works out. probably now you need more cash than usual. not everybody but many people especially if you lost a job. you need more money available in your checking account to use it easily. i would say try to have a little bit bigger cash nest egg right now than normal. don't give up on investing completely. should we not contribute to 401-k for a while? try not to stop contributing. this is human nature to do the opposites of what is good for us when it comes to money. the stock market falls and we
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don't want to be involved. we are going to stop contributing and saving. when it is falling that means prices are low. ideally you want to buy when prices are low. like buying things on sale. we have the opposite reaction when things are high. the stock market is doing great so we buy at the top rate. the best way to manage is if you can spare any cash from daily household budget absolutely keep contributing to 401-k, keep saving that money and this period of time when stocks are low you will be buying cheap. you will have more potential for gain in the long run. try not to stop contributing. try not to borrow or cash out your 401-k if you don't have to. if you lost your job with no money for food the relief in the cares act allows you to take out money without penalty.
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you will lose the benefit of the long time savings. >> related to that question. someone had asked should i hold back my retirement plan when the market is crashing? what do i do with my stock and bond investments if i am planning to retire? >> it is all about timing. if you have got a long time until retirement, you want to be in stocks mostly. over the long one they do well. people usually start shifting their portfolio to something more conservative as they approach retirement. as you get older, people put less money to stocks and move more to bonds and cash, which are safer. not likely to crash but don't grow much over the long run. that is a reasonable plan gradually shift from stocks to bonds and cash. don't do it suddenly. if you try to guess the perfect day, you will guess wrong.
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do it gradually. don't give up all stocks. you need growth. bonds and cash are not going to grow. >> next question is related to social security income. this is a question i want both heather and francis to weigh on. is social security income taxable? are there ways to qualify for the federal stimulus credits? >> i will jump in with taxable then to francis. your social security might be taxable but never all of it. if you have a relatively -- if social security is your only income, it is not taxable. if you are getting social security and you have investment income or still working so you have other sources of income, then it probably is partially taxable. if your income is over $32,000 a year, you are married or 25 thousands if you are single.
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half of the social security income is taxable. if your income is over 44,000 a year 85% is taxable. that does not mean you are paying 85% tax. it means whatever your normal tax rate 12, 24% that will be applied to 85% of your social security. >> when you said 32000 does that include social security income? >> that is complicated. it includes half of the social security. there is an equation. add half of the social security to other income and add back the modified adjusted gross income. this is a rough guide. these are relatively low salary numbers for california in 2020. that is because these were set in 1983 and 1993. it deliberately is not indexed
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for inflation more and more people pay income tax on their social security each year. >> francis. >> i think heather has done a fantastic job. i can jump in on how to lower your agi or household taxable income. i think one of the things i want be to clear up is that all of the discussion about the economic impact payment the $1,200 that attendees read about. that is based on your 2018 or 2019 tax information, whether you had information earlier or not. now we are past july 15th deadline, information, i believe like as congress works on some other package they are working on, it may be based on the 2019 information. the information here how to
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lower household income is going to be based on how you can lower your household income for 2020 and forward. heather covered a good portion of these things. it is going to sound like i am going to sound like a half broken record. >> you can never hear this stuff enough. >> the traditional 401-k. what is that? did i lose you? >> you are fine. i was saying you can never hear this information enough. >> i listed on the different accounts like your biggest at the top going down. use traditional 401k has an annual limit as of $19,500 depending on your age you may qualify for catch up contributions. she mentioned workplace
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retirement plans. what if you are self-employed are these available to you? the answer is yes. there is a range of plans. if you want be the higher 401-k limit, especially if you are a solo entrepreneur or small business plan in the sense it is you and spouse working together in a business. consider setting up a solo 401-k for higher limits. this is the traditional ira. individual retirement account. you set it up not so much with an employer separately. this is something that everybody is not aware of. if you are married only one spouse earns an income you can consider setting up and contributing to an ira for the nonearning spouse. you have read about it, you have come about the term spousal i
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ra. it is this concept setting up an ira for the nonearning spouse. the next one is the health savings account. different limits depending on the plan you signed up for and your age. there may be catchup contributions available. i listed the figures on the side. i am not going to read them. last, same thing heather mentioned consider the flexible spending account. something to think about. if you have signed up for health savings account. behind full of expenses to run through an ssa, the flexible spending act, if you use it with the health savings account, the ssa is a limited flexible spending account. if you did not have an hsa, you can use the ssa for run of the
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mill co-payment costs, drug costs, health, vision and dental. you can run those through. if you use an hsa and ssa together. ssa can only be used for vision and dental. >> francis, i did see a question that came in from one of the folks participating who just wanted to know what can you spend in an ssa versus hsa. can you say again what can you spend out of hsa and ssa and if you have both what does that mean one more time. >> typically the two in terms what you can spend it on, congress has expanded the types of expenses you can spend it on. you can't tell you right now the list. the typical is a matter of expenses to see your doctor, some type of physical therapy.
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i am quoting off the top of my head here, drug costs, these are things you typically would run through the h sa and ssa. you would only be limited to dental and vision expenses. you can still do that with hsa as well. when you have them in tandem, the limitations apply for ssa in this case. >> the list of things that you can count as medical expenses for the hsa and fsa is long. doctors and medical and dental and over-the-counter drugs are part of it. if you have questions about specific things, publication 5021 an irs publication that you can google off the web. that lists every item. if you are wondering my doctor
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said i should install a swimming pool, those gray areas, 502 is the final answer. one fun fact about this i just checked for a client. she is buying long-term care insurance and could she use a plan to pay the insurance premium on her long-term -- premium on the long-term care? you can payout of hs a, not fsa. pay the long-term care insurance and some cases health insurance and do that tax free, which is great. >> anything else you want to add before i go on? >> i think in terms of united effort that people can lower household income. in terms of limits and accessibility these are the ones that most people want to look at. >> thank you for that
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information. heather, there is a question that folks asked participants asked. does it matter if i transfer property before my required minimum distribution age and are there taxes on inheritance? >> second part first because it is easier. taxes on inheritance, likely not. california no longer has a state inheritance tax. a few states do. federally there is an estate tax that doesn't affect you until you have more than $11.5 million or if you are married more than $23 million. for most of us, no problem at all. if you do have more than $23 million call an estate attorney. there are many good ones. one will speak later.
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they will shelter your income. you don't need to worry about inheritance taxes. the other part was about transferring assets before -- would you read that again. >> does it matter if i transfer property before or after my minimum distribution age? >> it depends on what you mean by transfer property. your required minimum distribution begin at 72. for many years that was 70.5. the secure act a few months before the cares act changed that. it begins at 72. >> can you explain what the minimum distribution age is first? >> that means if you have saved money in an traditional i ra or 401-k the government doesn't want it from this forever.
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at 72 you have to take some money out each year there is a formula based on your life expectancy. when you turn 72 you have to take money out each year. that means you move from one account to another. key thing is it becomes taxable at that point. if you have a very high income when you are over 72, you want to spread that out as slowly as possible so you are not paying a lot of tax every year. when you turn 59.5 you are allowed to take money out without penalty. when yout you turn 72, you haveo take money out. between that you are flexible. you can take money out and make it taxable or leave it where it is. that is a good time to think about how much tax do i want to pay this year so it doesn't become a big burden later all at
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once. >> does it matter if i transfer property before or after the minimum distribution age? it is not clear what the question is trying to get at. it may be whether they should transfer real estate property before or after the minimum age. it doesn't have an impact necessarily. the minimum distribution age is when you are required by the federal government to take money out of the retirement accounts. it is unrelated to when it is appropriate to transfer a piece of property. >> it is unrelated. the only thing required minimum distributions start triggering taxi effects. if you are doing something to trigger taxes, talk to an adviser and look at the picture to see if you are creating a big tax burden in a particular year. otherwise no connection. >> one question people have put
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in here. what are the best options to finance my child's college education? francis, can you take that one? >> i enjoy thinking about. it covered so much of what we talked about. so much of the things you do for yourself in future years when you plan for your retirement can benefit your child's eligible for financial aid as well. the way that i went through this. the amount of effort that you go out of your way to do. regardless of what is in front of you, be looking at scholarships and grants for your child. one thing that people are thinking about is community college for the general e education portion requirements of the four year degree.
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they have transfer agreements with four year schools. one example is university of california. i think it is one of those things where i know for a lot of high schoolers in junior and senior year they are looking at all of these things and asks parents, parents are going across the country where do i want my kid to go? there is an option that it can definitely bring down the cost when you think about two years worth of university and housing and living costs for your child. that is a big chunk. one thing to do is if you pay down debt as well as lower household income. contribute to 401-k and that helps with eligibility. certain things are not
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considered in financial said. the primary equity, unsecured credit card debt. say, for example when you fill out fasfa how much do you have today. $10,000 in cash and $10,000 in credit card debt. if you fill out the fasfa you have $10,000 in cash they will not be concerned that you have 10,000 in credit card debt. they will see $10,000 and that is going to affect the aid formula in a way where you are going to seem like you can contribute more to your child's cost than you could realistically. the best thing to do is net it out. if you took the $10,000 in cash and paid off the debt you made yourself $10,000 poorer as it related to the financial aid formula. the last one and i think this is
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something most people have come across in terms of effort and going out of your way to put an effort this is 529 plan. one of the things that people don't realize. hey, i want to do this trip or i have this medical expense coming up. you can do that with 529. i recommend this to my friends. i am sort of at the age where friends are getting married. set up a 529 and send me the link. i will put in what i can. i basically have sort of contributed to your kid 18 to 20 years down the road if you invest the money properly. i mentioned in the first bullet point instead of toys ask to contribute to the 529 account. most sponsors, i had a friend who set it up, not a
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recommendation, she set it up with fidelity. she had a link and used to e-mail to friends. contribute to my kids' 529 plan. the contribution limit is up to the annual gift exclusion every year. 2020 that is $50,00 $15,000. if you have a generous grandma or grandpa, it can be their time to shine. there is a term called front loading. you can contribute up to five years in one year. it is more complex than just doing the $15,000 per year and asking too much of people right now. it is an option available, also. the last and probably most important is invest money in the 529. if your child is 5 years old right now.
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some type of age where they are not at college level, you don't want the funds you have gone out and collected from friends and family to be in cash. it is not as much help five or 10 years later when your kid is going to college and you were earning 0.5% interest on the cash when you could have got a better rate of return. >> to recap, those were great ideas. tangible things parents can do to get ready for kids. one, reduce income by contributing to retirement and natural ways to bring down the income level so you qualify for financial aid. two, pay down debt because under the fasfa formula they don't consider your debt. if you pay it down, it benefits
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you and reflects th the right wy so they consider what you owe. set up accounts that are savings account that you can invest in that grow with your kid until they need to use that funding. can you just expand quickly on are there drawbacks to these plans? i have heard some parents have asked the question shall i just invest in the stock market as opposed to opening up a 529? it sounds like they can only use it for education. what if we don't use it or the situations change? can you talk about the pros and cons what people should think about? >> i think people like to be concerned not knowing how much they will need. i think it is safe to say given the cost of higher education it is such a small sub set that are
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not utilizing the money in the 529 plan. the benefit of 529 versus regular brokerage account, the gains that you use for higher education cost, they are not treated as income. strictly in that sense you are putting money in you don't get a deduction for. the gains are used for education expenses. you don't get taxed on. now one way to definitely mitigate the risk. what if my child doesn't want to go to child? what if my child qualified for scholarships and grants and we didn't need the 529 plan? one way to mitigate is set up 529 for theeldes for the oldest. life changes and you can reassign the 529 plan.
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you can reassign th the 529 plao the younger brother. there are more considerations to talk about different -- i guess not so much lineage but i i am losing the word. if you try to go from child to grand child there are considerations in there. like the gift and tax planning considerations. it is such a small subset of people with those issues. more people are trying to come up with funds to pay for college and end up taking out loans. if i remember correctly, publication 502, i believe the 529 plans are revised a bit. i forget the exact dollar. you can take out to pay for
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student loans. is that right? >> you can pay for student loans out of it including your own. francis was talking about transferring to another family member. one child doesn't need it and you can transfer to a family member. this is apart tha a part of thet you can transfer upwards to parent or grandparent. if you are saving for the college's college you can pay off your own loans or take a class somewhere, get your master's degree and use that money. 529s under correct tax law you can use 10,000 per year per child for private school, not just for college any more. one more point to make. in the original question, you said something like should i just put my money in the stock market instead of 529? that is not either or.
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529 then invest it. you are putting in the stock market within the 529. you do have potential for good growth in there. >> absolutely. as francis mentioned you don't want to just put it in there and sit in a cash account. it was more so that the question was more geared toward instead of a 529 is it better to have more flexibility in an independent brokerage account. francis covered it in terms of the considerations there. thank you, heather for adding to that as well. we are getting to 10:45. i have a final question for you. i have seen a lot of questions coming through. i want to make room for that. the last question is a quick one for both of you, francis and heather. the financial planning and getting educated is complex. people are stuck because they say where do i begin and start? it is hard, right?
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sometimes there is a million resources. based on your professional path and things helpful for people can you give us recommendations on how to start the journey on financial empowerment and personal growth and finance? >> you want to start, francis? >> sure. i put together my distilled version of the resources. number one is the website called humble dollar. i came across it one or two years ago. i am impressed how broad the topics are. it is an in depth personal finance resource. now, i tell them to go to the website. there are guides on all sorts of subjects including retirement, college, investing. it is not one all and end all. it is not going to answer everything. it would argue it is a good job
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of it. it is amazing to me. i think if you are like me you are a big fan of stories. the richest man in babylon, a lot of you have heard about it. i include that. that is my biggest take aways from the three next books. a good savings habit is the bedrock of financial life. everything else flows from it. if you have really -- you can be an amazing investor. if you don't have good savings to come up with capital to put the investing skills to use it is not going to do as much good. that is one of the things that resonated with me. again, i am sure you have seen this book already. your money or life. it is an idea that money equals time. people are well aware of, but it is limited and finite. that is intentional with your spending.
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the last one simple enough to pass to while you are working on it. you have one or two options. you can be rich or look rich. it is hard but i think people realize nobody can truly multi-task. it is putting yourself into one thing at a time. if your goal is to become financially independent secure it is easier if you focus on one thing at a time. those are my one page resources especially the website. >> fantastic. thank you. how about you, heather? >> i won't top those great general books. there may be some websites in front of your face that you don't think about. they get the final answer.
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i tell tax students if you find a different answer on, you win. it is well written. the answers are there about taxes including retirement planning. it is easy to understand. medicare and social security also have good websites. and ssa, social security administration. when you get ready for medicare, it is complicated. you have to make a lot of decisions. it is not easy. one resource is california health advocates. hicap provide free advice when you are making decisions about medicare. they have branches in san francisco and elsewhere. invaluable tool. take advantage of it and use that. >> thank you. i have learned something new here. as i have been sheltered in place i had to shelter-in-place
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with my parents. we are talking through medicare conversations with them. this is timely. i am going straight to these sites to find out more. >> i would like to recommend another pair of books. there are some smart guys who wrote get with yours about details of social security. get with yours for medicare is another one. those are easy to read and have answers to every scenario. >> thanthank you, heather. with that i will turn it over to annie for some assistance in getting to the questions that participants have been asking as we have been talking. >> you guys are timely. i was going to interrupt you for the q and a portion. we have a question for francis. in your scenario instead of paying off credit card, can you
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pay into the house mortgage? could that be an investment house that is not your residence? thank you. >> i appreciate the question. i can give a yes or no answer here. if you use the $10,000 in cash and $10,000 in credit card debt. if you use that and say you had a mortgage on your primary residence, yes, the same. because year primary residence equity is not counted in the financial aid formula. when it comes to investment property it doesn't work that way. the value of investment property is going to determine the value of the mortgage or debt on that property is not considered the same way your credit card debt would be considered. in this case if your goal is to make yourself better qualified for financial aid because of the formula and the differences that it looks at your assets and debts you are better off paying
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other things than credit card debt and primary residence mortgage right after that. >> thank you. here is a question. for roth 401-k if you leave the job and roll over, if the financial institution requires you to selling, will you be taxed if you are under 59.5? >> no, it is not distribution if you roll it directly from roth 401-k to ira. do not tell employer to mail money to you. have it trustee to trustee transfer. send the money from the 401-k to ira. one little secret tip. roth iras one of the reason they are so great. they are no required minimum distribution. if you have money in roth you
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can take it out when you have to. you never have to take it out. you can leave it for children. roth 401k do have required
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>> roughly five years, i was working as a high school teacher, and i decided to take my students on a surfing field trip. the light bulb went off in my head, and i realized i could do much more for my students taking them surfing than i could as their classroom teacher, and that is when the idea for the city surf project was born. >> working with kids in the
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ocean that aren't familiar with this space is really special because you're dealing with a lot of fear and apprehension but at the same time, a lot of excitement. >> when i first did it, i was, like, really scared, but then, i did it again, and i liked it. >> we'll get a group of kids who have just never been to the beach, are terrified of the idea, who don't like the beach. it's too cold out, and it's those kid that are impossible to get back out of the water at the end of the day. >> over the last few years, i think we've had at least 40 of our students participate in the city surf project. >> surfing helped me with, like, how to swim. >> we've start off with about two to four sessions in the pool before actually going out and surfing. >> swimming at the pool just
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helps us with, like, being, like, comfortable in the water and being calm and not being all -- not being anxious. >> so when we started the city surf project, one of the things we did was to say hey, this is the way to earn your p.e. credits. just getting kids to go try it was one of our initial challenges for the first year or two. but now that we've been doing it three or four years, we have a group of kids that's consistent, and the word has spread, that it's super fun, that you learn about the ocean. >> starting in the morning, you know, i get the vehicles ready, and then, i get all the gear together, and then, i drive and go get the kids, and we take them to a local beach. >> we usually go to linda mar, and then occasionally ocean beach. we once did a special trip.
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we were in capitola last year, and it was really fun. >> we get in a circle and group stretch, and we talk about specific safety for the day, and then, we go down to the water. >> once we go to the beach, i don't want to go home. i can't change my circumstances at home, but i can change the way i approach them. >> our program has definitely been a way for our students to find community and build friends. >> i don't really talk to friends, so i guess when i started doing city surf, i started to, like, get to know people more than i did before, and people that i didn't think i'd like, like, ended up being my best friends. >> it's a group sport the way we do it, and with, like, close camaraderie, but everybody's doing it for themselves. >> it's great, surfing around,
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finding new people and making new friendships with people throughout surfing. >> it can be highly developmental for students to have this time where they can learn a lot about themselves while negotiating the waves. >> i feel significantly, like, calmer. it definitely helps if i'm, like, feeling really stressed or, like, feeling really anxious about surfing, and i go surfing, and then, i just feel, like, i'm going to be okay. >> it gives them resiliency skills and helps them build self-confidence. and with that, they can use that in other parts of their lives. >> i went to bring amy family o the beach and tell them what i did. >> i saw kids open up in the ocean, and i got to see them connect with other students, and i got to see them fail, you
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know, and get up and get back on the board and experience success, and really enjoy themselves and make a connection to nature at the same time. >> for some kids that are, like, resistant to, like, being in a mentorship program like this, it's they want to surf, and then later, they'll find out that they've, like, made this community connection. >> i think they provided level playing fields for kids to be themselves in an open environment. >> for kids to feel like i can go for it and take a chance that i might not have been willing to do on my own is really special. >> we go on 150 surf outings a year. that's year-round programming. we've seen a tremendous amount of youth face their fears through surfing, and that has translated to growth in other facets of their lives. >> i just think the biggest
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thing is, like, that they feel like that they have something that is really cool, that they're engaged in, and that we, like, care about them and how they're doing, like, in general. >> what i like best is they really care about me, like, i'm not alone, and i have a group of people that i can go to, and, also, surfing is fun. >> we're creating surfers, and we're changing the face of surfing. >> the feeling is definitely akin to being on a roller coaster. it's definitely faster than i think you expect it to be, but it's definitely fun. >> it leaves you feeling really, really positive about what that kid's going to go out and do. >> i think it's really magical almost. at least it was for me. >> it was really exciting when i caught my first wave. >> i felt like i was, like --
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it was, like, magical, really. >> when they catch that first wave, and their first lights up, you know -- their face lights up, you know you have them hooked. >> i was on top of the world. it's amazing. i felt like i was on top of the world even though i was probably going two miles an hour. it was, like, the scariest thing i'd ever done, and i think it was when i got hooked on surfing after
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>> the market is one of our vehicles for reaching out to public and showing them how to prepare delicious, simple food. people are amazed that the library does things like that. biblio bistro is a food education program. it brings such joy to people. it teaches them life skills that they can apply anywhere, and it encourages them to take care of themselves. my name is leaf hillman, and i'm a librarian, and biblio bistro is my creation. i'm a former chef, and i have been incubating this idea for many years. we are challenged to come up
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with an idea that will move the library into the future. this inspired me to think, what can we do around cooking? what can i do around cooking? we were able to get a cart. the charlie cart is designed to bring cooking to students in elementary students that has enough gear on it to teach 30 students cooking. so when i saw that, i thought bingo, that's what we're missing. you can do cooking classes in the library, but without a kitchen, it's difficult. to have everything contained on wheels, that's it. i do cooking demonstrations out at the market every third wednesday. i feature a seafood, vegetable, and i show people how to cook the vegetable. >> a lot of our residents live in s.r.o.s, single resident occupancies, and they don't have access to full kitchens. you know, a lot of them just
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have a hot plate, a microwave, and the thing that biblio bistro does really well is cook food accessible in season and make it available that day. >> we handout brochures with the featured recipe on the back. this recipe features mushrooms, and this brochure will bring our public back to the library. >> libraries are about a good time. >> i hired a former chef. she's the tickle queen at the ramen shop in rockwood. we get all ages. we get adults and grandparents
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and babies, and, you know, school-age kids, and it's just been super terrific. >> i was a bit reluctant because i train teachers and adults. i don't train children. i don't work with children, and i find it very interesting and a bit scary, but working here really taught me a lot, you know, how easily you can influence by just showing them what we have, and it's not threatening, and it's tasty and fun. i make it really fun with kids because i don't look like a teacher. >> in the mix, which is our team center, we have programs for our kids who are age 13 to 18, and those are very hands on. the kids often design the menu. all of our programs are very interactive. >> today, we made pasta and
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garlic bread and some sauce. usually, i don't like bell pepper in my sauce, but i used bell pepper in my sauce, and it complemented the sauce really well. i also grated the garlic on my bread. i never thought about that technique before, but i did it, and it was so delicious. >> we try to teach them techniques where they can go home and tell their families, i made this thing today, and it was so delicious. >> they're kind of addicted to these foods, these processed foods, like many people are. i feel like we have to do what we can to educate people about that. the reality is we have to live in a world that has a lot of choices that aren't necessarily good for you all the time.
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>> this is interesting, but it's a reaction to how children are brought up. it is fast-food, and the apple is a fast-food, and so that sort of changes the way they think about convenience, how eating apple is convenient. >> one of the things that i love about my program out at the market is the surprise and delight on people's faces when they finally taste the vegetable. it's been transformative for some people. they had never eaten those vegetables before, but now, they eat them on a regular basis. >> all they require is a hot plate and a saute pan, and they realize that they're able to cook really healthy, and it's also tasty. >> they also understand the importance of the connection that we're making. these are our small business owners that are growing our food and bringing it fresh to the market for them to consume, and then, i'm helping them
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consume it by teaching them how to cook. >> it connects people to the food that they're buying. >> the magic of the classes in the children's center and the team center is that the participants are cooking the food themselves, and once they do that, they understand their connection to the food, to the tools, and it empowers them. >> we're brokering new experiences for them, so that is very much what's happening in the biblio bistro program. >> we are introducing kids many times to new vocabulary. names of seasonings, names of vegetables, names of what you call procedures. >> i had my little cooking experience. all i cooked back then was grilled cheese and scrambled eggs. now, i can actually cook curry
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and a few different thing zblz a . >> and the parents are amazed that what we're showing them to cook is simple and inexpensive. i didn't know this was so easy to make. i've only bought it in the market. those comments have been amazing, and yeah, it's been really wonderful. >> we try to approach everything here with a well, just try it. just try it once, and then, before you know it, it's gone. >> a lot of people aren't sure how to cook cauliflower or kale or fennel or whatever it is, and leah is really helpful at doing that.
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>> i think having someone actually teaching you here is a great experience. and it's the art of making a meal for your family members and hope that they like it. >> i think they should come and have some good food, good produce that is healthy and actually very delicious. >> cooking is one of my biggest passions, to be able to share, like, my passion with others, and skills, to h>> amount of mc health crisis and where do we go from here. today i'm joined by our department of public health director. today we have six thousand ninety two cases and sadly sixty seven people have died from covid. until we have a vaccine and
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until we are in a better place, we know that we need to continue to socially distance ourself from one another. wear our mask as much as possible and follow our public health guidelines. we know that for months to come, this is something that we are unfortunately going to be living with and the fact is, there is still a lot of work to be done. i just want to say a few things before we get into the details of the budget. the fact is, we've come a very very very long way. many of you remember even in january where we declared a state of emergency and we start talking about the crisis and what's to come, and when we shut down the city, that was back in march and here we are. it's august.
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we thought that in august we'd be in a different place. i think what's happening with san franciscans as hard as we've worked to contain the virus, it's gone up and down, and up again. we still have a long way to go. as tired as we are of doing what we need in order to keep one another safe, we have to start getting comfortable with it. we have to start changing our behavior. it really is what's going to make the difference because we notice that recently we had to basically put a pause on our oopenning. reopening. we saw the numbers spike. once we saw the numbers spike, behaviors started to change again. now we see the numbers declining. that doesn't mean we don't have
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several people every single day testing positive for the virus. that doesn't mean that some of those people, sadly, have lost their lives. we anticipate seeing more. only we can be the solution to this big challenge. just think about it. when we first started off, the big conversations were around ppe and testing and other things, we've definitely come a long way. although, it's clear that due to, what i believe a lack of federal response and coordination with our state and cities, it's been very difficult for so many of us. we didn't let that stop us. we prepared, we worked hard, we redirected resources, we redirected staff from all over the city. we adjusted to our situation and because of that san francisco has been a model for the rest of
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the country. i want us to be even better than that. it's up to us. it's up to us to change our behavior. it's up to us especially because when you think about it, sadly, what we see in terms of businesses not being able to open. some of our favorite restaurants and retail shops and places where we get our hair and nails done, they may never return. people who need to send their kids to school because we, regardless of the achievement gaps and equipment we're providing for low income students we're still seeing problems and increase in the achievement gaps. we have work to do. i'm asking people in san francisco to just really change their behavior. i know it's no


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