Continued On

includes a mix of equities and bonds under the assumption that equities are riskier but allow for long-term growth while bonds are more conservative but provide income and security of principal. Well, we see what has happened to bond values as interest rates increase.

Asset allocations should be based on not only the type of investment (equities or bonds) but also asset sectors. Try to structure your investment portfolio so that suffi cient dividends and interest will be generated to cover the majority of your expected annual withdrawals. Finally, when projecting your expenses once in retirement, factor in infl ation! Assuming an infl ation rate of 2.5 percent, $50,000 of spending today would be $64,000 in ten years. If assumed infl ation is 6 percent, the same $50,000 today would cost $89,500 in 10 years.

If you are currently retired do not panic; reduce spending where you can and be strategic when withdrawing funds. If you have not yet retired take steps to position you fi nances to survive infl ation and stock market declines more easily in ten or more years from now.

Electronic Monitoring

Continued From Page 10

is required for out-of-state employees working remotely for a New York-based corporation, it is expected that the law would still apply. Considering that if the business is located in New York state and under the jurisdiction of the Attorney General, the provisions would seemingly still apply even if the employee was working out of state.

While this law does not change much with regard to an employee’s use of technology in the workplace, it does help to clarify the relationship between employers and their employees and makes the monitoring of their communications a bit more transparent.

While employers should have already taken the proper steps to comply with this new law, those who still have questions about the proper implementation of these notices should contact experienced legal counsel.

Water Slide World Sold

Continued From Page 1

Schermerhorn, is said to be at the early stages of development plans for the site, in the process of selecting planners and architects for the design.

Water Slide World was built in 1979 and featured the fi rst Wave Pool in New York State, added in 1984. Aft er years of summer fun, Water Slide World stayed closed aft er the 2017 season.

Th e park, with its 35 slides and attractions, drew thousands of visitors each summer. Its location at the corner of routes 9 and 9L is on the main strip of restaurants, businesses and entertainment venues in the bustling summer resort town.

2022 Saratoga Showcase of Homes

OCT. 8-9 & OCT. 15-16

Available Commercial & Residential Properties

We’d like to promote your commercial or residential property. Call us, 581-0600.

BIRCHES MOTEL

Wilton, New York Beautiful Saratoga Motel in a fantastic location close to shopping, business and the Saratoga Race Track! Minutes to Saratoga Springs! is lovely property boasts 11 spacious guest rooms & a fabulous owner’s apartment.

Call Mitch for details! 617-610-7774 • mitch@muro ospitality.com

NEW LISTING

PARTICIPATING BUILDERS

Bella Home Builders, Belmonte Builders, DSG Construction, Kodiak Construction, Peerless Builders, Trojanski Builders, Witt Construction

479 Locust Grove Road, Greenfield Center, NY $749,000

Located in the beautiful hamlet of Greenfield Center, this sunlit beauty sits on 5+ acres just 5 miles/10 minutes to downtown Saratoga Springs. With 4 bedrooms, 2.5 baths spread out over the 3,000+above ground sf. Perfectly laid out for entertaining. Host parties overlooking your backyard vista of meadows, stone walls, pine groves and mountains. The lower level boasts a gym and additional flex space. Detached 30X40 three stall garage is trussed to allow 2nd floor 700 square foot studio or 2 floor 1 bedroom apt, plumbed for bath. Upgraded and maintained to perfection, this luxe property affords you privacy and serenity; your oasis away from all the hustle and bustle.