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Author: Kacie Cotter-Harrigan

Enjoying The Saratoga Farmers’ Market Safely

Efforts to slow the Coronavirus spread prompted us to cancel last week’s Saratoga Farmers’ Market. We are optimistic the market will take place this Saturday at the Wilton Mall and will post any updates on our Facebook page and other social media. .

We value our shoppers, farmers, and the communities we serve. Your health is important to us. Current health guidelines indicate that foods available at producer-only farmers markets such as ours are likely to be safer than goods obtained from groceries or delivery services because the distance that the food travels is shorter and the number of persons handling it is less. Purchases at our market also support local businesses.

We are working with mall management to expand the market’s space. If weather permits, more vendors may set up outdoors. We also are encouraging vendors to keep hand sanitizer and anti-bacterial wipes at their tables and to wear gloves or use some other means of keeping their hands out of direct contact with raw foods. All prepared foods will be prepackaged, and we have put the offers of samples on hold.

Here’s how you can help us keep our market healthy, too: 
Wash your hands if you eat just before shopping.
Try not to congregate too tightly around vendor tables.
Allow our vendors to hand produce, meats, eggs, cheeses, and other food items to you. Try not to touch baskets of carrots, bags of lettuce, cabbage heads or other such items yourself.
Be patient, as vendors clean their hands in between handling produce and money. Some vendors might have different people delegated to taking care of these tasks.
If you are not feeling well, do not enter the market directly. Contact our vendors in advance, or the market manager. We can arrange for a curbside pickup, and in some cases, a delivery. 

Last week, Pleasant Valley Farm drew on its extensive mailing list to survey customers and based on the nearly 70 responses, set up a drop point for preorders as well as a home delivery service. As Pleasant Valley’s Robert Arnold said, the goal “is to provide fresh, healthy produce to all of our faithful customers in the region any way we can.” We look forward to seeing you soon. 

The Saratoga Farmers’ Market is 9:30 a.m.-1:30 p.m. Saturdays at the Wilton Mall. Follow us on Facebook, Twitter, and Instagram for updates.

Many of these businesses are offering pickup and delivery options. See below for the Saratoga Farmer’s Market Vendors’ Contact Information:

FROM THE FARM

Argyle Cheese Factory (Cheese, yogurt)
518-638-8966, cheeseplanning@yahoo.com 

Battenkill Valley Creamery (Milk)
518-854-9400, pam@battenkillcreamery.com

Elihu Farm (Lamb, eggs)
518-753-7838, elihufarm@yahoo.com

Gomez Veggie Ville (Vegetables, fruits)
518-686-5212, gomezfarm@gmail.com

Green Jeans Market Farm (Vegetables)
518-232-1968, greenjeansmarketfarm@gmail.com

Kokinda Farm (Vegetables, jams, bread)
518-763-7856, lauriesjams@aol.com

Lewis Waite Farm (Beef, pork)
518-692-3120, farmoffice@csalewiswaitefarm.com

Longlesson Farm (Beef, chicken, pork)
518-753-2163, chris.longlesson@gmail.com

Mariaville Mushroom Men (Mushrooms, meats)
518-810-6061, mariavillecsa@gmail.com

Moxie Ridge Farm (Cheese, yogurt, meats)
518-620-6464, lee@moxieridgefarm.com

Pleasant Valley Farm (Vegetables, fruits)
518-638-6501, arnold.pvf@gmail.com

Ramble Creek Farm (Mushrooms, meats)
518-769-0897, josh@ramblecreekfarm.com

R&G Cheesemakers (Cheese, yogurt)
518-892-6701, rgcheese@hotmail.com

Saratoga Apple (Apple products)
518-695-3131, saratogaapple@gmail.com

Slate River Farms (Beef, chicken, eggs)
518-258-3858, nellie@slateriverfarmsny.com

Squashville Farm (Meats, eggs, vegetables)
518-650-5881, squashvillefarm@gmail.com

Underwood’s Greenhouse/Shushan Valley Hydro Farm
(Hydroponic vegetables)
518-854-9564, peunderwood8@gmail.com

ARTISAN ITEMS

Ballston Lake Apiaries (Honey, pollen, candles)
518-384-2539, gothoney@aol.com

Earth to Mind (CBD products)
518-353-1150, shane@earthtomind.com

Feathered Antler (Art, clothing)
518-290-7461, featheredantler.com

Freddy’s Rockin’ Hummus (Hummus)
518-727-6966, salmacis99@yahoo.com

Grandma Apple’s Cheesecakes (Cheesecakes)
518-368-6091, grandmaapplescheesecakes@gmail.com

Healthy Gourmet Kitchen
(Soup/stew mixes, dips, seasonings)
518-527-1472, mary@propelmedia.com

High Peaks Distilling (Spirits)
518-512-6098, windinthewillows17@gmail.com

Junbucha (Kombucha drinks)
518-353-1150, shane@junbucha.com

Mangiamo (Pasta)
518-450-4006, rose.mangiamo@gmail.com

Moon Cycle Seed Company (Seed blends)
315-323-3153, mooncycleseedcompany@gmail.com

Muddy Trail Jerky (Beef jerky, dips, seasonings)
518-642-2194, muddytrailjerky@gmail.com

Mugzy’s Barkery (Dog treats)
518-573-0400, jaimekp515@gmail.com

Puckers Gourmet (Fermented and pickled foods)
518-854-3301, puckerspickles@gmail.com

Saratoga Chocolate Co. (Chocolate)
518-222-5366, saratogachocolatecompany@gmail.com

Saratoga Garlic Company (Garlic products)
518-581-4093, saratogagarlic@gmail.com

Saratoga Peanut Butter Co. (Peanut butter)
888-967-3268, customerservice@saratogapb.com

Slate Valley Farms (Maple syrup, honey)
518-642-3265, slatevalleyfarms@aol.com

Something’s Brewing (Coffee, teas, lemonades)
518-531-4197, trat2013@gmail.com

Springbrook Hollow Farm Distillery (Spirits)
518-338-3130, sbhfdistilling@gmail.com

The Vermont Spatzle Company (Spatzle noodles)
802-265-1234, vtspatzle@gmail.com

Vital Eats (Vegan prepared foods, sauces, spices)
518-281-9461, reuben@vitaleats.com

Yankee Distillers (Spirits)
518-406-3245, info@yankeedistillers.com

READY-TO-EAT & BAKED GOODS

Daily Fresh (Indian food)
518-698-6264, dailyfreshfood2019@gmail.com

Euro Delicacies (Meditteranean food)
518-210-5436, eurodelicacies1@gmail.com

Giovanni Fresco (Italian food)
518-949-1913, giovannicasanica@gmail.com

Mrs. London’s (Baked goods)
518-581-8100, mrslondons@gmail.com

My Dacha Slovenian Cafe (Eastern European food)
518-272-3505, mkrazi820@gmail.com

Petra Pocket Pies (Mediterranean food)
518-744-9310, petrapocketpies@gmail.com

The Chocolate Spoon (Baked goods)
518-580-9577, mplace@nycap.rr.com

The Food Florist (Frozen prepared meals, pies)
518-545-0623, orders@thefoodflorist.com

Happiness is… Cheesecake

Hello my Foodie Friends!

I love cheesecake. There I said it. I think my love of cheesecake stems from early in my childhood watching my relatives entertain and cheesecake being one of those wonderful dessert items that was served with coffee after the meal.  As a child, I was given a piece if I was good. Being one of five children, that was often times a challenge. So, why do so many people love to eat cheesecake? Cheesecake is creamy and yummy and can please some of the most discerning taste buds. The cheesecake has evolved with so many recipes over the years adopting ingredients from family traditions, or by adding fillings or flavors making it a personalized treat. Making cheesecake can be easy. The ingredients and the recipe can be flexible.

Cheesecake can be a unique global dessert. Each region of the world also has its own take on the best way to make the dessert. Italians use ricotta cheese, while the Greeks use mizithra or feta. Germans prefer cottage cheese, while the Japanese use a combination of cornstarch and egg whites. There are specialty cheesecakes that include blue cheese, seafood, spicy chilies and even tofu! In spite of all the variations, the popular dessert’s main ingredients – cheese, wheat and a sweetener –remain the same. No matter how you slice it, cheesecake is truly a dessert that has stood the test of time. From its earliest recorded beginnings on Samos over 4,000 years ago to its current iconic status around the world this creamy cake remains a favorite for sweet tooth’s of all ages.

To help make a cheesecake, you do need very important tools – the Spring form Pan.

Spring form pans are a kitchen essential for producing flawlessly smooth cheesecakes, perfectly crusted tarts, or intricate ice cream cakes without damage to their tops, bottoms, or sides. Meant to eliminate the risks associated with removing cakes from traditional pans, removing your product from the pan is the final step before placing your delicate treats on display, serving to your family or guests, or packaging them to go.

Many people ask me how I won Paula’s heart and I tell them on our first date I brought a dozen Red Roses and a cheesecake to meet her Mom and Dad.  When I entered their home carrying both of them Paula said, “Wow, how did you know my mom loves cheesecake?” Thinking quick on my feet, I looked at Paula’s mom and said “here I got these for you!”   Paula’s mom quickly responded: “no one ever gets me flowers and cheesecake!” Her dad (retired Army Master Sergeant) just smiled at me and said in his southern drawl: “nice job young man”.  I was on a roll with my improvising and I told them that, in my family, it is a custom to give gifts to the mom.  So my sage advice to all young suitors out there is take care of the Mom and good things will follow. 

Stop by Compliments to the Chef, your Neighborhood Kitchen and Cutlery store located at 33 Railroad Place. We have an assortment of spring form pans and accessories to assist with adding that special dessert to your menu. Remember my Food Friends, “Life Happens in the Kitchen.”

 Take Care,
John & PaulaREARDON BrownieCaramelCheesecake


 

Notes from Chamber of Commerce: Narrative of Hope

Here’s what I’ve learned from a little bit of research.

Everyone can be resilient. EVERYONE can be resilient.

Resilience is defined by the American Psychological Association as: “The process of adapting well in the face of adversity, trauma, tragedy, threats or even significant sources of threats.”

Resilience is important because we all face adversity, trauma, and tragedy in our lives. 

And right now it seems that we’re all facing adversity in one way or another from the wide range of threats posed to our personal and economic health from COVID-19.

Now most people equate resilience with an individual who perseveres and overcomes a significant threat or tragedy on their own.

But all of the research is clear.

People who develop resilience have at least one stable, committed relationship with a supportive caregiver.

We’re talking about relationships with people you trust. People you can count on. People who love you.

Resilience is NOT about going it alone.  Instead, resilience is about collaboration.

That’s why the Saratoga County Chamber joined forces with Discover Saratoga, the Saratoga Springs DBA, the Saratoga Springs City Center, the Saratoga Economic Development Corporation and the Saratoga County Prosperity Partnership when we all saw our local communities and economy under siege from efforts to socially distance all of us from one another to fight the spread of this virus.

We all knew that to overcome this challenge we had to collaborate. 

Resilient people are optimists. They have hope and faith. They often have a noble purpose and a desire to help others. 

They can often tell you a story that describes the moment or moments when their resilience was tested and how they adapted. 

They have a “narrative of hope.”

Downtown Saratoga Springs was at its lowest points they say in the 1960’s. Thankfully, some resilient people banded together and created a Plan of Action and it’s made all the difference.

We’ve survived ice storms, blizzards and hurricanes. We’ve survived recessions and bruising political battles often times pitting neighbor versus neighbor.

When New York City and our nation was attacked on 9/11, it was this community that rose up to host first responders for a weekend respite with their families. We did this again ten years later to show our support for those in our armed services who had fought the War on Terror in Iraq and Afghanistan.

It was this community that invented Leap of Kindness Day!

This latest threat is real. There likely will be days for many among us where the trauma and tragedy is real, personal and hard to comprehend.

But we can all be resilient. We can climb any mountain. We can climb out of any hole too.

We’ll do this together. We’ll do this through collaboration.

We will try our best to remain optimistic. To be hopeful and to have faith in one another and our collective ability to adapt and to overcome this challenge.

The actions we take in these next few weeks as resilient people working together will help us to write the next chapter of our Narrative of Hope.

10 Things You Might Not Know Are Sold at the Farmers’ Market

Upon the first look, the farmers’ market can be overwhelming. Tables are piled high with produce, coolers are full of meat and cheeses, and display cases tower high with bottles of syrup and jars of jam. In addition, products available at the farmers’ market change slightly each season. Here’s a peek at 10 things you might not know are sold at the Saratoga Farmers’ Market.

SHAVING SOAP
“Soft Serve” shaving cream is an old-fashioned wet shaving soap made from goat milk and pig lard. This nourishing specialty soap is made exclusively at Moxie Ridge Farm. Just add some water, lather with a shaving brush, and enjoy the lather for a smooth shave.

MUSHROOM COFFEE & TEAS
Mariaville Mushroom Men have made it easy to enjoy a daily serving of mushrooms with their perfectly blended mushroom teas that come in easy to use teabags. Looking for something a little more robust? Scoop, stir and enjoy their instant mushroom coffee. 

SPÄTZLE (GLUTEN-FREE)
The Vermont Spätzle Company has traditional spätzle that is no-boil, ready in 5 minutes, and gluten-free. What’s even better is that this spätzle is as versatile as it is tasty. The Vermont Spätzle Company has dozens of quick and easy spätzle recipes on their website.

GOAT
Goat has a distinct flavor that is leaner than lamb and can be prepared in a variety of ways, such as being stewed, curried, baked, grilled, barbecued, minced, canned, fried, or made into sausage. Find a variety of cuts, ribs, and roasts at Squashville Farm.

DOG TREATS
Dog treats are serious business at the farmers’ market. Longlesson Farm and Lewis Waite Farm both offer beef bones specifically for dogs. Something’s Brewing makes ‘beastly bites’ dog biscuits from all-natural ingredients. And, Mugzy’s Barkery has a whole line of treats and cakes made from all-natural and organic ingredients.

CBD OIL
With high-quality hemp grown and processed here in New York, Earth to Mind CBD products are designed to help relieve stress, soothe pain, and attain a sense of well being when added to your holistic routine. If you’re looking for an alternative form of healing, visit Earth to Mind about adding CBD oil to your holistic routine.

TAKE-HOME MEALS
The Food Florist offers a variety of frozen take-home meals made with carefully sourced ingredients so you won’t have to compromise over convenience. The Food Florist offers a variety of casseroles and lasagnas to choose from, even breakfast and gluten-free options.   

HORMONE BALANCING SEED BLENDS
Seed cycling is an easy and functional way to get nutrients in the body to help women rebalance their hormones. Moon Cycle Seed Company blends four seeds: pumpkin, flax, sunflower, and sesame. When ingested in a specific combination daily, they provide the body with essential nutrients.

SHOOTS
Whether you eat them by the handful, put them on a salad or sauté them with garlic, pea and radish shoots offer a burst of nutritious and delicious flavor. Varieties of shoots are growing in the greenhouse at Pleasant Valley Farm and Green Jeans Market Farm. 

BEEF JERKY
Muddy Trail Jerky offers handcrafted beef jerky in 13 flavors. Sweet, savory, or spicy options include Bourbon Barbecue, Habanero Mango, Bacon & Molasses just for starters. Visit their stand for over 50 varieties of dips, rubs, seasonings, and meal starters. Is beef not your thing? Try Zen Jerky by Vital Eats. This flavorful, plant-based jerky is packed with protein. 

The Saratoga Farmers Market is 9:30 a.m.-1:30 p.m. Saturdays in the food court of the Wilton Mall. Follow us on Facebook, Twitter, and Instagram for previews of what’s fresh. 

How to Eat Meatless On Fridays During Lent

Long (long, long) before Meatless Monday was a thing (in its current iteration as an initiative to reduce meat consumption for personal health and the health of the planet), there was Meatless Friday (dating back to the first century as a Christian religious observance). Despite some confusion regarding whether or not the centuries-old weekly practice was done away with in the 1960s (it wasn’t), most people have a sense that Catholics still don’t eat meat on Fridays during Lent (the six-week time of penance leading up to Easter), which is true. 

It’s easier than ever to find family-friendly meatless meals (and I’d love to hear your favorites!), but I thought you might like to know some of the ones I make for my family, which all of my boys do pretty well with and my husband and I really like:

LENTIL SLOPPY JOES
The key, for me, is to disguise the lentils as much as possible! (I try very hard to like beans and legumes, but so far I haven’t been too successful. This dish, however, is a good one.) I start this recipe, like so many other delicious ones, by sauteeing onions and peppers in butter in the pot I want the whole dish to finish in. You certainly don’t have to use butter, but I find that it really adds an important something to this meal. While the onions and peppers are sauteeing on a low to medium flame, I prepare the lentils by rinsing them, then boiling them in a separate pot according to the instructions on the 16oz. package, then draining them and dumping them in the pot with the onions and peppers. I stir it all around and let it hang out for a minute, then I add a jar of barbecue sauce, a quarter to a third cup of ketchup, and a few squirts of yellow mustard. I mix it around and let it simmer for a few minutes, and it’s done! It’s wonderful over rice, or with tortilla chips, or on a hamburger bun, and I even had leftovers on toast with eggs on top last week. My husband likes to have sour cream with his, and I often like shredded cheddar on top and pickles on the side as well.

EGGPLANT PARMESAN
Funny enough, making this is so time consuming that I really only do it for Fridays during Lent (I consider the making of it to be a penance), which is hilarious, because it’s one of my family’s very favorite meals—we definitely don’t miss meat while eating this! I peel two eggplants and slice them thin, then dredge each slice first in cornstarch, then in beaten egg, then in panko or regular bread crumbs, then fry them in vegetable oil, then put them on a paper towel-lined plate or a wire rack over a cookie sheet while I continue frying the rest. This is the time-consuming part! Once all the slices are fried, you have some options: you can serve it with pasta and sauce, or put it in a sub roll and melt cheese on it, or layer it with sauce and cheese in a casserole pan and bake it like lasagna. 

FISH TACOS
Fish is the traditional food people think of when they think of Catholics not eating meat—it’s not for nothing that fish fries do their best business on Lenten Fridays, and McDonald’s filet-o-fish sandwiches were actually invented to boost sales on Fridays in the heavily Catholic Cincinnati area. While we love a good fish fry (the Knights of Columbus is one of our favorites), our budget doesn’t allow us to do that very often. My boys love frozen fish sticks and fish filets, and fish tacos are one of my favorite ways to serve them. Earlier in the day I’ll mix a cup or so of sour cream with the juice of a lime (more or less) and put it in the fridge so the flavors can meld. Later, while the fish is cooking in the oven, I warm tortillas either on a dry pan or over the burner flame, or I’ll fry them in vegetable oil and bend them into taco shapes while they cool. And that’s really it! I serve the tortillas and fish with shredded lettuce and lime sour cream, which is exactly the way I like it best; you can certainly add salsa and cheese, and sometimes I have sliced or mashed avocado to offer as well.

Of course, pizza, pasta, and cereal are all easier than these dishes and just as delicious (depending on who’s eating them; some of my boys go crazy over cereal dinners!), so it’s plenty easy to find options for the Fridays in Lent that won’t make you crazy and might even pleasantly surprise you. (Although, no matter how delicious the meatless meal is, you might find yourself being like myself and many other Catholics I know, as represented in a meme I’ve seen online: “I don’t always crave meat, but when I do, it’s on Fridays during Lent.”)

Kate and her husband have seven sons ages 15, 13, 11, 10, 8, 5, and 1. Follow her at www.facebook.com/kmtowne23, or email her at kmtowne23@gmail.com.

Staying Peaceful Amid Fearful Times

All we have to do is turn on the news and look at social media to be bombarded with images and words that induce panic, fear and anxiety.  How can we keep ourselves emotionally safe during an uncertain time?  What can we do to not fall into the rabbit hole of paralyzing anxiety?

STICK TO THE FACTS:
Wisdom is wisdom.  Be wise in your choices and follow the basics to stay healthy.  Use wisdom to help you make good decisions that will keep you safe and healthy.

AVOID THE HYPE:
I understand we can’t put our head in the sand and avoid all news coverage. However, we can limit our exposure to the hype. Know the facts of the situation, take the necessary precautions and move on. 

Do not spend hours analyzing the latest coverage and panicking about the safety of your community.  Turn off the TV and shift your focus to an activity that will promote relaxation and peace.

CONNECT SPIRITUALLY:
Research shows that patients who meditate before medical procedures and engage in setting intentions for favorable outcomes and quick recoveries do much better in the recovery process than patients who do not prepare in any way emotionally or spiritually. 

Now would be a great time to learn how to connect with your body and engage in some meditation exercises that promote feelings of peace and well being which will strengthen your immune system!

Take less than five minutes a day to connect to your body and meditate on its perfect ability to heal from the inside out.  You can find quick meditations focused on bolstering your immunity on YouTube. 

Resist the urge to fall into fear-based thinking and the doom and gloom mentality.  Keep yourself healthy emotionally, physically and spiritually and stay away from any person, place or thing that steals your joy, peace and energy.

YOU ARE WORTH IT!

Meghan Fritz is a psychotherapist practicing in State College, PA. For more information visit changeyourstoryllc.com and enter Saratoga Today for free downloads of the latest audio courses. 

Preventing Text Neck

Some 83 percent of American adults own cell phones and three-quarters of them (73 percent) send and receive text messages. Text messaging users send or receive an average of 41.5 messages per day, with the median user sending or receiving 10 texts daily. 

As technology advances, allowing us to do more tasks on smaller equipment, our bodies often pay the price. With a growing potential for injuries from tools we rely on, it’s a good time to learn how to minimize the risks. One problem that is becoming more and more prevalent is neck strain from the overuse of these mobile devices, or “text neck.” 

What Causes Text Neck? 
Text neck is caused by poor posture when using a mobile device. It’s all too common to become hunched over with your head drooping forward and your shoulders rounded as you become engrossed in your messaging or games. This poor posture puts excessive strain on the muscles at the back of your head and neck and weakens the other postural muscles responsible for maintaining correct posture. This can lead to muscle strains and create the potential for more serious or chronic problems down the road.

How to Avoid Text Neck 
• Sit up straight with your chest out and your shoulders back. 
• Bring your arms up in front of your eyes so that you don’t need to look down to see the screen. 
• Tuck your chin into your chest to look down rather than dropping your head forward. 
• If you must use your mobile device for lengthy typing, invest in an external keyboard. 
• Rest your forearms on a pillow while typing to help minimize neck tension. 
• Avoid using mobile devices while in bright sunlight. Straining to see the screen leads to jutting the chin forward, shifting work from the spine to the muscles that hold up the head. 
• Avoid texting for long periods of time while traveling in the car.
• Take breaks to stretch and mobilize your neck. 

The best way to avoid text neck is to limit the use of your mobile device. If you need to send an e-mail, wait until you have access to a computer. If you need to share some information, call the person rather than texting them. 

See Your Chiropractic Physician 
If you find yourself aching despite your best efforts, your doctor of chiropractic can treat any injuries and teach you ways to improve your posture. 

It’s Not Too Late to Save For 2019

2019 MAY BE OVER BUT, FOR MANY OF US, THE BOOKS ARE NOT COMPLETELY CLOSED.

As we open the tax filing season, options may exist to sock extra funds away and keep a little more of your hard-earned money away from Uncle Sam.

You may not realize it but you may be able to make contributions to your Roth IRA for 2019 up until the earlier of your tax filing date, or April 15.  If eligible, the contribution limit is $6,000 ($7,000 for those age 50+), but don’t be discouraged if you are not able to fully fund your account for the year. Every bit you can save will help provide for your lifestyle in retirement, so a partial contribution is better than no contribution at all. 

Just because one spouse may be a homemaker or already retired, doesn’t mean that they can’t take advantage of a Roth IRA.  IRS rules also allow for contributions to an account for a homemaker or retired spouse, as long as the working spouse has sufficient earned income, even if the spouse is older than 70 ½.

Since Roth IRAs provide tax-free distributions and are not subject to Required Minimum Distributions at age 70 ½, they can be an extremely beneficial retirement funding option!

For those who are self-employed, and don’t have access to a retirement plan through an employer, you may think you’re being disadvantaged when it comes to saving for retirement. The opposite, however, may be true. As a self-employed person, you could have the options of contributing up to $56,000 to a retirement plan for 2019, and deducting the full contribution!

Anyone whose earned income is reported to them on a form 1099, K1, or other similar non-employee form, may be eligible to establish and fund a retirement plan for 2019. The IRS rules allow this to be done up until the filing deadline (including extensions) for the previous year. Popular plan options include a SEP IRA and Individual 401k. 

A SEP IRA can allow you to contribute up to 25% of your income with a maximum contribution of $56,000, and can be appropriate for workers with high income and no employees. Because of the 25% limitation, your income would need to exceed $224,000 in order to fully contribute.

An Individual 401k has the same funding limit of $56,000 for 2019, however there is not a 25% limitation. In other words, a self-employed worker (with no employees) earning $56,000 may be eligible to contribute all of their income to an Individual 401k without being limited by the 25% cap. So, if you have a working spouse, or other means of making ends meet, an individual 401k may be a great option for supercharging your family’s retirement savings!

Individual 401ks require more in the way of record keeping and compliance, so they can be more expensive and cumbersome than a SEP IRA. Remember, you don’t have to be able to fully fund a plan for it to still make sense. Don’t rule out an Individual 401k because you can “only” afford to contribute $30,000 to it.

As a point of disclosure: Your circumstances are unique and tax regulations can be very complex. Before implementing any tax strategy, we recommend working closely with your independent financial advisor and tax preparer to determine eligibility and funding limits, and to ensure your retirement funding and tax strategies comply with all appropriate regulations. 

Stephen Kyne, CFP® is a Partner at Sterling Manor Financial in Saratoga Springs and Rhinebeck.

Securities offered through Cadaret, Grant & Co., Inc. Member FINRA/SIPC. Advisory services offered through Sterling Manor Financial, LLC, an SEC registered investment advisor or Cadaret Grant & Co., Inc. Sterling Manor Financial and Cadaret, Grant are separate entities.

Medicaid Look Back Periods and Penalty Periods: What you need to know about how they work

Many people are interested in Medicaid Planning and have heard of the term “look back period.”  They often are unsure what it means and how long the period lasts.  Below is a series of questions and answers to help demystify the operation of the Medicaid look back period.

What is the Medicaid look back period?
The Medicaid look back period is the period of time for which you have to provide financial records if you apply for Medicaid to pay for nursing home care.

How long is the look back period?
The look back period is five years from the date of a Medicaid application.  If you apply for Medicaid to pay for nursing home care on April 1, 2020, you would need to provide the Department of Social Services (DSS) with financial records going back to April 1, 2015.

What type of records would I need to provide?
It depends, but generally all your financial statements, i.e. bank statements, annuity statements, retirement account statements, and any other statements you receive that show the details of your financial history for the prior five years.  Additional required records may include items like copies of checks, statements of sale for real property, or cash value statements for insurance policies.

Why do I need to provide all this information?
DSS is looking to see if you gifted away any of your assets during the five year look back period.  For example, if they see a check for $10,000 from you to your child one year ago, they will want to know if that represents a gift from you to your child.

What happens if I did make a gift to my child in the last five years?
Generally speaking, gifts to your child during the look back period will result in a penalty period.

What is a penalty period?
A penalty period is an amount of time which will delay the onset of your Medicaid coverage.

How are penalty periods calculated?
The amount of the gift you made is divided by the transfer rate for our region, which is set by the state.  In our region, the transfer rate is $11,295.  In order to calculate a penalty period, you take the amount of the gift and divide it by the transfer rate.  The resulting figure is the penalty period, in months.  For example, if you made a gift of $22,590 to your child in the last five years, then your Medicaid coverage will be delayed for two months ($22,590/$11,295 = 2 months).

Are all gifts considered when calculating a penalty period?
No.In our area, gifts less than $2,000 are generally not considered when DSS calculates the penalty period.  The $2,000 level is not a legal limit, but rather a general guideline customarily used.  As a result, smaller gifts – the type of which most people might make in the course of their life, are not counted.  An example would be regular gifts to friends and family of $50 or $100 for birthdays, holidays, and other special events.

Do all gifts in excess of $2,000 result in a penalty period?
No.Gifts made to a spouse are exempt transfers and are not subject to a penalty period.  However, you cannot simply make gifts to a spouse in order to reduce your assets and become eligible for Medicaid.  If you are applying for Medicaid, your spouse will only be able to have a certain amount of assets in his or her name.  If you gift your spouse an amount over that limit, those funds will generally need to be spent down on your nursing home care before Medicaid coverage will start.

Are there any other people that can receive exempt transfers?
Yes.Any transfers you make to your disabled child are exempt.  You must take care, however, not to transfer an amount of assets to a disabled child that would make them ineligible for benefits they are receiving in their own name.

Are there any other types of exempt transfers?
Yes.It is an exempt transfer if you transfer your interest in your home to your spouse, your minor child, your disabled or blind child, your caregiver child, or your adult sibling who has an equity interest in your home. 

What is a caregiver child?
A caregiver child is a child who has lived in your home with you for at least two years and has provided care to you that has allowed you to stay at home and not move to a facility, such as a nursing home.

When does an adult sibling have an equity interest in my home?
When he or she has lived there for a year and is on the deed or has made other certain significant contributions to the property.

Understanding and navigating the Medicaid rules on gifting can be very challenging.  If you or a loved one is considering applying for Medicaid for nursing home care or engaging in Medicaid planning, it is advisable to contact an experienced professional to discuss how the Medicaid rules apply in your situation.

Matthew J. Dorsey, Esq. is a Partner with O’Connell and Aronowitz, 1 Court St., Saratoga Springs.  Over his twenty-three years of practice, he has focused in the areas of elder law, estate planning, and estate administration. Mr. Dorsey can be reached at 518-584-5205, mdorsey@oalaw.com and www.oalaw.com.