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Adirondack Cabling And Security Works With IT To Protect Businesses And Enhance Efficiency

Posted onDecember 16, 2024
BobWomer (standing) and Dave Womer reivew plans for a cabling project.
Glens Falls Business Journal

By Susan Elise Campbell

As technology improves how a business is run, installing cable to connect the new technologies improves with it. One local company at the forefront of that is Adirondack Cabling and Security, providing clients with innovative cabling solutions for the best of 40 years.

“In 1982 when my dad and uncle started the company, the big thing was the PDX telephone system so a business with one phone number could have an extension on every desk,” said Dave Womer. 

Dave is the son of Jack Womer who, along with his brother Bob, operated Adirondack Cabling until 2017 when Dave and his cousin Bob Jr. purchased the business from their retiring fathers. Dave is president and Bob Jr. is vice president of operations.

“My father and uncle saw there were many companies manufacturing the latest phone systems, but no one to install them,” Womer said. They formulated a business plan to meet that demand.

By the 1990s there were computers in every office that needed to be networked and Adirondack Cabling transitioned into another new market, he said. 

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Business Report: What should you know about RMDs?

Posted onDecember 16, 2024
Meghan Murray is a financial advisor with
Edward Jones Financial in Queensbury. Courtesy Edward Jones Financial

Provided By Meghan Murray

You may spend many decades contributing to your IRA and 401(k), but eventually you will likely need to take the money out — in fact, you must take the money out or face penalties. What should you know about these mandatory withdrawals?

Here are some of the basics:

• What are they called? Mandatory withdrawals are technically called required minimum distributions, or RMDs.

• When must I take RMDs? If you were born before 1951, you’ve probably already begun taking RMDs. If you were born between 1951 and 1959, your RMD age is 73. And if you were born in 1960 or later, your RMD age is 75. You can postpone accepting your first RMD until April 1 of the year after you reach your RMD age, but this will result in two RMDs for the year. After you take your first RMD, you must take subsequent ones by December 31 of each year.

• What penalties will be assessed if I don’t take all my RMDs? For every dollar not withdrawn, the IRS will charge a 25% penalty, but this can drop to 10% if you subsequently withdraw the correct amount within two years.

• Which accounts have RMDs? RMDs apply to traditional IRAs, as well as other types of IRAs, including SIMPLE and SEP IRAs. RMDs don’t apply to Roth IRAs. RMDs also apply to traditional 401(k)s, but not Roth 401(k)s.

• Can I withdraw more than the RMD for any given year? Yes, you are free to take out as much as you want. However, if you take out more than the RMD for one year, you can’t apply the excess to the RMD for the next year. 

• How are RMDs calculated? Typically, your RMDs are determined by dividing your account balance from the prior December 31 by a life expectancy factor published by the IRS. Your financial professional should be able to perform this calculation for you.

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Business Report: Securing Your Retirement Future

Posted onDecember 16, 2024
David Kopyc, president of Retirement Planning Group LLC in Glens Falls.
Courtesy Retirement Planning Group LLC

By David Kopyc

Retirement, once a distant dream, can quickly become a tangible reality.  As you navigate the complexities of modern life, it’s crucial to prioritize financial planning to ensure a comfortable and secure retirement.

Understanding Your Retirement Needs

The first step in effective retirement planning is to assess your financial needs.  Consider the following factors:

• Desired Lifestyle:  What kind of lifestyle do you envision in retirement?  Will you travel extensively, pursue hobbies, or volunteer?

• Healthcare Costs:  Factor in potential healthcare expenses, including insurance premiums, prescription drugs, and long-term care.

• Inflation:  Account for the impact of inflation on your future spending power.

• Dependency Ratios:  If you plan to support dependents, include their needs in your calculations.

To determine the amount you need to save, you can use various retirement calculators or consult with a financial advisor.  Here are some key factors to consider:

• Time Horizon:  The longer your investment horizon, the more time your savings have to grow.

• Expected Rate of Return:  Estimate the average annual return on your investments.  

• Social Security Benefits:  Factor in the potential income you will receive from Social Security.

• Pension Income:  If you have a pension, include it in your calculations.

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Lake George Land Conservancy Protects Sucker Brook And Lake George With Land In Glenburnie

Posted onDecember 16, 2024
The LGLC has purchased 93 acres of land in Glenburnie that protects water quality and connects Anthony’s Nose (center) to the Sucker Brook Preserve (foreground).
Courtesy Carl Heilman, II/Wild Visions, Inc.:

The Lake George Land Conservancy (LGLC) purchased 86 acres of forested land in Glenburnie, Town of Putnam, on November 22, 2024. This conservation project permanently protects an additional 1,400 feet of Sucker Brook, one of the lake’s largest tributaries, providing critical water quality protection for Lake George while also extending a network of adjacent protected lands that support a diverse wildlife population.

 This acquisition completes the LGLC’s Anthony’s Nose-to-Sucker Brook Connection project that includes three transactions in Glenburnie this year resulting in a total of 93 acres of newly protected land.

 The 86-acre purchase was com­pleted in partnership with the Glen­burnie community that came together to act as a conservation buyer, securing the property and providing time for permanent protection by the LGLC.

 President of the Glenburnie Cottagers Association Tom Badenoch said, “After years of combined efforts, the Glenburnie community was thrilled to be able to partner with the Lake George Land Conservancy to preserve this critical link in the Sucker Brook Preserve. The protection of this land will help enhance the water quality of Lake George, preserve the scenic and open space values of the region and provide a critical wildlife corridor connecting protected lands from Gull Bay to Anthony’s Nose.”

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Pioneer Presents A $20,500 Donation To Special Olympics New York At Lake George Polar Plunge

Posted onDecember 16, 2024December 16, 2024
Pioneer employees raised $20,500 and joined the Lake George Polar Plunge to support inclusive sports for athletes with intellectual disabilities.
Courtesy Pioneer

Led by a hearty group of employees, Pioneer made a major splash when the Polar Plunge to benefit Special Olympics New York (SONY) was held at Shepard Beach Park in Lake George on Saturday, November 23.

Representatives of Pioneer presented a ceremonial check for $20,500 to Special Olympics New York to support its important work in providing inclusive opportunities for people with intellectual disabilities to experience the thrill of competing in authentic sports. Following the check presentation, 20 Pioneer employees joined participants in making the plunge into Lake George.

“We take seriously our responsibility to invest in improving lives throughout the Capital Region,” said Tom Amell, president and CEO of Pioneer. “The impactful work of Special Olympics New York, providing athletes with opportunities to grow, thrive, and reach their potential, was a natural fit for the Pioneer Charitable Foundation to support. I’m especially proud to witness the selflessness and generosity shown by Pioneer employees in caring for their neighbors, and humbled to be part of a team that is positively impacting the communities we serve.”

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The Tri-County United Way Is Seeking New Partner Agencies For Investment Fund

Posted onDecember 16, 2024

Tri-County United Way has announced the opening of new applications for new partner agencies to join its 2025 Community Investment Fund. 

The programs seeking funding must address the needs of individuals in one or more of Tri-County United Way’s key focus areas: youth (up to age 24), seniors, and those affected by mental health challenges across Warren, Washington, and Northern Saratoga Counties. 

Applicants must also serve Tri-County United Way’s ALICE (Asset-Limited, Income-Constrained, Employed) population—individuals who earn above the federal poverty level but below a sustainable wage. The Priority Area Screening Application is available on Tri-County United Way’s website at www.tricountyunitedway.org/priority-area-screening-application.

All Priority Area Screening Applications must be submitted via the Tri-County United Way website by January 10, 2025. Applicants must be 501(c)(3) organizations located within Northern Saratoga, Washington, and/or Warren counties and comply with all relevant federal, state, and local legal and operational requirements (including government-approved accounting practices, annual audits, 990 tax forms, and non-discrimination policies). Once an agency is screened and approved, they will be invited to submit a full Request for Proposal (RFP) for funding of up to $10,000. A maximum of three new agencies will be selected for funding in 2025.

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Eight Free Online Career Skills Workshops Have Been Scheduled Through December

Posted onDecember 16, 2024

Cold winter days are the perfect time to stay inside and improve your career skills, and the staff at Warren County Career Center and their Capital Region Career Centers partners have scheduled eight free online career skills workshops in December that offer the opportunity to do so. 

The staff at Warren County Department of Workforce Development/Career Center have worked with their counterparts around the Capital Region to put together easy-to-access workshops that assist job seekers in improving skills they can use to better their careers.

Workshops focus on use of social media effectively for career goals; resume development; overcoming barriers to employment; networking and completing job applications, and several other topics. Registration is required, but there is no fee. 

Upcoming workshops include:

Completing Job Applications, Thursday, December 19, 11 a.m.

Using Social Media, Tuesday, December 31, 1:30 p.m.

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Saratoga Builders Donate $60,000 From Showcase Of Homes To Local Charities

Posted onDecember 16, 2024
Barry Potoker (left) stands with George Earle, Michelle Larkin, and Mark Johnson displaying the checks representing money raised through the Showcase of Homes for two area charities.
Courtesy of Saratoga Builders Association

The Saratoga Builders Association has presented proceeds totaling $60,000 from the 2024 Saratoga Showcase of Homes to Rebuilding Together Saratoga County and Habitat for Humanity of Northern Saratoga, Warren and Washington Counties. The association has announced that the total contribution to local charities from this area’s premiere new home tour event is now over $1.6 million.

The 2024 edition of the Saratoga Showcase of Homes had eight homes from seven builders on tour this year – Abele Homes, Bella Home Builders, Belmonte Builders (2), Kodiak Construction, Stephen James, Trojanski Builders and Witt Construction. Congratulations to Kodiak Construction for winning the People’s Choice Award for Executive Home and Bella Home Builders for winning the People’s Choice Award for Luxury Home. 

This year’s event attracted over 3,000 visitors to these beautiful new homes, which were on display over two weekends. In what has become an autumn tradition in the area, the Saratoga Builders Association is dedicated to this long running show being an integral part of the fabric in our fall season.

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Improvements At Gore And Whiteface Ski Areas Guarantee A Better Winter Experience

Posted onNovember 18, 2024
(From left) Ashley Walden, Betty Little, Lt. Governor Antonio Delgado, Sterling Goodspeed, and Jim Siplon join employees at the groundbreaking for the new lodge at Gore Mountain Ski Bowl.
Courtesy of Gore Mountain Ski Area

By Paul Post

Olympic Regional Development Authority has invested $17 million on capital upgrades at Gore and Whiteface mountains for the upcoming ski season.

Projects include replacing antiquated lifts, updating and maintaining existing lifts, improving snowmaking and electrical infrastructure, and modernizing buildings and lodges.

At Gore, workers broke ground last spring on a new 18,300-square-foot lodge at North Creek Ski Bowl, operated by ORDA adjacent to the main ski center but owned by the Town of Johnsburg. The new lodge, complete with a restaurant and two levels of outdoor patios, is scheduled for completion in 2025.

In addition, the Ski Bowl’s old Hudson chairlift has been replaced with a new detachable quad servicing all levels of ski trails.

These are the latest in a series of Ski Bowl upgrades ORDA has undertaken since December 2022. It has installed chairlifts, improved trails, upgraded snowmaking systems, modernized, and expanded the Joe Minder Lodge, and developed a professional Nordic center with certified racecourses.

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Peckham Industries Has Provided Quality Work And Environmental Stewardship For 100 Years

Posted onNovember 18, 2024
Leading Peckham Industries, a fourth-generation business, are (l-r) General Manager Gregory Peckham, Kingsbury site manager Rachael Young, and President/CEO Damian Murphy.
Paul Post photo

By Paul Post

Peckham Industries has 17 hot-mix asphalt plants and 26 stone quarries in five states including a large operation on Vaughn Road in Kingsbury where crowds gathered recently to celebrate the fourth generation, family-owned company’s 100th anniversary.

“Not too many businesses make it to 100 years and less than three percent make it to the fourth generation,” said Damian Murphy, the firm’s president and chief executive officer. “It goes back to the values that have been there since the founder’s days. We talk about safety, integrity, dedication.”

“Be consistent,” he said. “Even though things are always changing, those values never change. People know that about our business, whether it’s our customers, communities or work force. They know they can trust us and that we’re here for the long term.

“The bigger story we like to talk about is the culture in our business,” Murphy said. “That’s what really differentiates us. One of the key phrases is, ‘Our word is our bond’.”

Recent large projects have run the gamut, such as paving a long stretch of the Northway from Schroon to North Hudson, and construction of large parking facilities in The Bronx and at UBS Arena where the NHL’s New York Islanders play.

Read More

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