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Month: July 2025

Business Report: The New Office Is About Experience, Not Just Work

Posted onJuly 21, 2025
Dorothy Rogers-Bullis, owner of drb Business Interiors in Saratoga.

By Dorothy Rogers-Bullis 

Why is it that we’re seeing folks step off their Pelotons and head back into gyms again?

It’s not just about access to equipment—it’s because gyms have started to rebrand themselves. They’re no longer simply spaces for sweating through a solo workout. They’re becoming destinations. Community hubs. Lifestyle spaces. Places people want to be.

And now we’re seeing a similar trend with office spaces.

Despite all the effort (and investment) that went into creating gorgeous home offices during the pandemic, people are choosing to go back. Why? Because the office, like the gym, is becoming more than just functional—it’s being reimagined to meet people where they are, with what they truly want.

The businesses that are seeing a return-to-office movement? They’re the ones who have invested in their spaces. They’ve put energy, time, and yes, dollars into crafting work environments that support their teams—not just with a desk and a chair, but with an experience.

I’m often asked: “What does the perfect office look like?”

The truth is—there’s no single answer. You can’t design one universal office that fits everyone’s preferences, personalities, and productivity quirks. We all work differently. We all thrive in different environments. And that’s the point.

But what I do know—because I see it every day—is that people do come to work. At Saratoga CoWorks, I watch people choose this space, day in and day out. As the co-owner of CoWorks and the founder of drb Business Interiors, I live and breathe office life—not just in theory, but in practice.

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Business Report: Is Your Business Ready For The Modern Workplace?

Posted onJuly 21, 2025
Mark Shaw, president and CEO of Stored Technology Solutions Inc. (StoredTech).

By Mark Shaw

Technology is one world in which change is inevitable. No matter how you and your business use IT, the process and productivity is forever evolving.  Your business is on a journey, and it could be on one of many paths to what we refer to as the Modern Workplace. 

But before we try to find out where your business is, we need to understand the evolution from the “old” ways of work and the new world in which we are all a part of, either purposefully or by happenstance. 

Most of us born before Y2K are familiar with working in an office with a desktop computer connected to the local network and everything was managed by your company. Your workday was fixed and set. You could not take company data home or work off hours easily. As time evolved, we started to bring laptops with work information home. and added VPNs so we could connect with internal systems from anywhere. Then COVID hit. We all packed up and went home. This changed everything. Meetings were now virtual, and our employees expected us to give them access to all the same systems they had when in office. We had to rethink meetings, phone systems and how we secure it all.

This is the NEW modern workplace. It is anywhere, everywhere and with EVERYTHING you need to conduct business 24/7. Always on and always available killed 9-5 desk jobs for many of us.

Components of the Modern Workplace include remote and hybrid work and cloud first tools for email, file, collaboration and even phone systems. Seamless communications via tools like Zoom, Teams or Slack all wrapped with essential cybersecurity!

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Business Report: Smart Retirement Moves For Couples At 50

Posted onJuly 21, 2025
Dave Kopyc is President at Retirement Planning Group, LLC

By David Kopyc

For many married couples, turning 50 brings retirement into sharper focus. With children grown or nearly grown and roughly 15 to 20 years until traditional retirement age, it’s time to take stock, make adjustments and ensure you’re on a solid path forward.

Gone are the days when retirement rested on a three-legged stool of Social Security, a pension and personal savings. Today’s couples must balance 401(k)s or IRAs, brokerage accounts, other investments and, in some cases, part-time work. Coordinating finances with your spouse is no longer optional—it’s essential.

Two incomes, two retirements, one plan

Each spouse often has a separate career, savings history and retirement timeline, but you’ll share one household budget. Whether you retire together or years apart, align your spending expectations, investment strategies and lifestyle goals. A mismatch can create unnecessary friction or financial shortfalls.

Longer lives, longer retirements

Advances in health care mean today’s 50-year-olds could spend 30 to 40 years in retirement. Plan for decades of expenses—including inflation, health care and possible long-term care—on a fixed or semi-fixed income.

Health care costs

Fidelity Investments estimates a healthy 65-year-old couple retiring in 2025 will spend more than $350,000 on medical costs over their lifetimes, excluding long-term care. Review Medicare options, consider a health savings account (HSA) and evaluate long-term care insurance.

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Seniors Comprise An Enthusiastic Segment Of The Growing Pickleball Community

Posted onJuly 21, 2025July 27, 2025

Revised for updated statistics, minor factual corrections. By Rod Bacon A game created on the West Coast 60 years ago has become the fastest growing sport in the United States. The brainchild of three fathers — Joel Pritchard, Bill Bell, and Barney McCullum — Pickleball was designed as a backyard game to entertain families....

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Business Report: Why 10-Pay Whole Life Insurance Deserves A Closer Look

Posted onJuly 21, 2025
Brian Johnson, director, business development at Advisors Insurance Brokers.

By Brian M. Johnson, MBA, CLTC

For many working-age adults, planning for the future often centers around saving for retirement, managing debt, and building wealth. Yet an often-overlooked component of a well-rounded financial strategy is life insurance—specifically, 10-pay whole life insurance, a permanent life insurance policy paid up in just 10 years.

While frequently seen as a tool for wealthier individuals or older adults, 10-pay whole life insurance plays a significant role in both estate and long-term care planning, offering unique benefits for those who begin earlier in life.

Understanding 10-pay whole life insurance

A 10-pay whole life insurance policy is a type of permanent life insurance with guaranteed death benefits, fixed premiums for 10 years, and a cash value component that grows over time.

Unlike term life insurance, which provides coverage for a set number of years, whole life covers the insured for their entire life, assuming premiums are paid.

What makes the 10-pay version distinctive is the compressed payment schedule—premiums are paid over just 10 years, after which the policy is considered “paid-up.”

This feature is attractive to individuals who want to pre-fund a long-term asset during working years while minimizing obligations in retirement.

Tax-free wealth transfer

One of the most recognized uses of whole life insurance in estate planning is its ability to transfer wealth in a tax-efficient manner.

The death benefit is typically income tax-free to beneficiaries and, when structured properly, can also be excluded from the taxable estate.

For families with significant assets—or those with modest estates and legacy intentions—this can help preserve wealth across generations.

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Business Report: You Need An Estate Plan — Now

Posted onJuly 21, 2025
Debra A. Verni, Senior Counsel RGLC Law Group.

By Deb Verni

The perfect time to put together an estate plan is before you need it.  Unfortunately, most people think about creating an estate plan when a close friend or relative must be placed in a nursing home or when a family member dies and the kids are fighting over assets because there is no Will. 

I joke with people and say if you don’t have a “Will”, you have a “Won’t”, I won’t die or become ill and go into a nursing home. My kids won’t fight over my money.  My minor children won’t be raised by my evil sister.  My children won’t blow their inheritance on fast cars and gambling.   My daughter’s husband won’t take half of my hard-earned money when they get divorced after I pass.  

A Last Will and Testament is just the beginning of an estate plan.  Although a Will is important, it is only one of the documents in your estate plan.  A comprehensive estate plan should include a Will, a Health Care Proxy Living Will, a Durable Power of Attorney and in most cases a Trust.  Does everyone need all these documents? It depends on your assets and your family dynamics.  

For those of you that never considered family dynamics, I can assure you that if your children do not get along while you are alive, they will not get along after you pass.  If you are concerned about your money going to in-laws and out-laws after your death, then you need to plan for that.  If you want to make sure money goes to your grandchildren, or you have a child or grandchild with special needs, you need to plan for that too.  

Now that your head is spinning and you are thinking a “won’t” is not such a bad idea and you are looking around every corner for greedy relatives, remember, you can establish an estate plan now and leave all your worries behind, literally.  So how do you go about setting up an estate plan? First you need to figure out who will be in charge and where you want things to go. Estate documents are easy to establish but you need to do your homework.  Let’s go through an estate plan step by step.

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Plans Underway For Next Generation To Take A Leadership Role At E&T O’Connor Construction

Posted onJuly 21, 2025
From left: Kevin O’Connor and Brian O’Connor, vice presidents; and Pat O’Connor, president of E&T O’Connor Construction onsite at Glens Falls Hospital.
Courtesy Saratoga Business Journal

By Rod Bacon

The mantle of leadership of a highly respected longtime area business is in the process of being passed to the fifth generation of the family.

Within approximately 60 days, Pat O’Connor, who is currently the president, will take the reins of 120-year-old E&T O’Connor Construction from cousins Brian O’Connor and Kevin O’Connor.

“Brian and Kevin came to me a few years ago and said ‘You’re the next one to take over if you want to,’ so I’ve been preparing for this for quite some time,” said Pat. “They continued to run the company until now.”

In 1905, Thomas O’Connor started the business hauling dirt between Glens Falls and Ticonderoga with a horse and wagon. The earliest services offered were earth moving and site development using cable excavators for building contractors.

By the 1940s, ownership had passed to Thomas’ two sons, Edward and Thomas Jr. They continued to do site development so contractors could pour foundations for buildings in Glens Falls, one of which was the First National Bank. They also did site preparation for the Glens Falls Civic Center in the 1970s.

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