Skip to main content

Balancing Act: Finding Joy and Stability in the Sandwich Generation

Written by Stephen Kyne, CFP Sterling Manor Financial on . Posted in Families Today.

If your typical Tuesday involves coordinating school pickups, checking in on your parents, and managing a full workday in between, you don’t need anyone to tell you that life is busy. You are living it.

You are part of the “Sandwich Generation”—the group of adults currently caring for growing children and aging parents at the same time. In our neighborhoods, this is becoming the new normal. We are seeing more multi-generational homes and more families pooling their resources to make life work.

While this can be a wonderful way to connect with family, it also brings a unique set of financial and emotional pressures. It can feel like your attention—and your wallet—is being pulled in two directions at once.

If you are feeling the squeeze, know that you are not alone. Here are a few gentle ways to find a sustainable rhythm for your family and your finances.

1. Approach Finances as a Partnership

Talking about money with family can be tricky. Our parents often come from a generation where finances were private, and as adult children, we want to respect their independence.

However, silence can sometimes lead to unnecessary stress. Instead of viewing it as a “financial intervention,” try approaching it as a partnership.

You might simply start by sharing your own goals. Let them know you are looking at your budget for the year and want to make sure everyone is comfortable. Ask open-ended questions like, “Are there any bills that are becoming a headache for you?” or “How can we work together to make things run smoother?”

When you frame it as “us against the cost of living” rather than “me managing you,” it lowers the defenses and opens the door for helpful solutions.

2. Remember: Sustainability is Key

When we love people, our first instinct is often to give everything we have—time, energy, and money—to help them. That is a beautiful instinct. But for the sake of your family’s long-term well-being, it is important to ensure your generosity is sustainable.

Think of your own financial health like the foundation of a house. If you pause your own retirement savings or drain your emergency fund today, the foundation might crack a few years down the road.

It feels counter-intuitive, but keeping your own financial goals on track is actually one of the best ways to protect your family. By staying financially secure yourself, you ensure that you will be a strong, capable support system for your children and your parents for years to come.

3. Value All Contributions

Everything has a price tag: after-school care, dog walking, house sitting, cooking. When you look at the family ledger, it’s easy to focus only on the cash going out.

But try to look at the “hidden value” in a multi-generational family. Maybe your budget is tight because you are helping cover your parents’ costs, but perhaps they are the ones who are home when the plumber comes, or they are the reason you don’t need a babysitter on Saturday nights.

Money is just one form of currency. Time, wisdom, and presence are valuable, too. When you recognize the non-monetary ways your parents contribute to the household, the financial output often feels less like a burden and more like a fair exchange.

The Takeaway

This season of life is undeniably heavy, but it is also rich with connection. There is no “perfect” way to manage a multi-generational family, and no single spreadsheet can capture the nuance of caring for the people you love.

Give yourself some grace. You are doing important work. By keeping the lines of communication open and respecting your own boundaries, you can navigate this squeeze with your sanity—and your relationships—intact.

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

Sterling Manor Financial, LLC is an SEC Registered Investment Advisor and does not provide tax or legal advice, nor is it a third-party administrator. Consult your attorney or accountant prior to implementing any tax or legal strategies.

It is the Holiday Season and Time for Gifting

Written by Matthew J. Dorsey, Esq. on . Posted in Families Today.

It is the Holiday Season, and therefore time to consider gifting.  When you make a gift, there are a variety of legal considerations involved.  What follows is a series of questions and answers about what you should be thinking about when you make a gift.

Are there tax limits to the amount I can gift?

Every year, the IRS publishes the amount you can give to another person without the necessity of filing a federal gift tax return (an IRS Form 709).  In 2025, that amount is $19,000.  Usually, that amount increases from year to year, but in 2026 the annual exclusion amount will remain at $19,000.

Is it different if I am married?

Yes.  If you are married, you can combine your gift tax exclusion of $19,000 with your spouse’s exclusion and gift a total of $38,000 to any individual beneficiary.

Are gifts taxed?

If the gift you make is under the annual exclusion amount, then the gift is not subject to tax.  You, as the donor, do not pay tax, and neither does the recipient.  If the gift is above the annual exclusion amount, it is subject to the unified estate and gift tax exemption.

What is the unified exemption?

You can make gifts during your life and leave an estate at death without owing federal gift or estate tax, if your total lifetime giving and your estate when you die is valued at less than the unified estate and gift tax exemption.  That unified exemption for 2025 is $13.99 million and it goes up to $15 million in 2026.

Are any gifts not subject to gift tax?

Yes.  There are no federal gift taxes for: 1) gifts to your spouse, 2) tuition or medical expenses you pay directly to an institution for someone, and 3) gifts to a political organization for its use.

What about charitable gifts?

Charitable gifts may be deducted from the total amount of gifts made on your federal estate tax return.  It is important to remember that you do not need to file a federal estate tax return (an IRS Form 706), if your total lifetime gifting and your estate when you die is below the unified exemption amount.

Can I get income tax deductions?

If you make gifts to qualified, tax exempt charitable organizations, during the course of the year, you may be eligible to take deductions against your income.

How do the deductions work?

Generally speaking, you need to itemize your deductions on your income tax return and the deductions are limited to a certain percentage of your adjusted gross income (AGI).  If you do not itemize your deductions because you use the standard deduction, then you cannot take advantage of charitable deductions in 2025.  

Does that change in 2026?

Yes.  In 2026, the One Big Beautiful Bill Act created a new permanent charitable income tax deduction of $1,000 for individuals and $2,000 for married couples filing jointly.  These contributions must be made to a qualified operating charity, not a donor-advised fund or private foundation.

Do I need to keep records?

If you are making charitable donations, you should keep good records to substantiate them.  It is best to check with your accountant to see what is necessary.  Generally, you would want a copy of the check or credit card statement and a written acknowledgement from the recipient for any cash donations over $250.

Are there any State gift taxes?

There are no gift taxes payable to New York State.  If you reside in another state, you should check with your accountant.

Are there different rules for Medicaid?

Yes.  Gift tax rules and Medicaid rules are different.  If you would like to understand gifting in a Medicaid planning context, please check out my article on Medicaid rules for gifting from the October 10, 2025 Saratoga TODAY – https://saratogatodaynewspaper.com/october-10-october-16-2025-5/ 

It is wonderful to consider gifting, especially during Holiday Time.  To ensure you take advantage of available deductions and do not run afoul of any tax laws, it is advisable to speak to an experienced legal or tax professional.

I would like to take a moment to celebrate something we at O’Connell and Aronowitz are especially proud of this Holiday Season.  As of December 1, 2025, our law firm turned 100 years old!  We were started with two attorneys in Albany – Edward J. O’Connell and Samuel E. Aronowitz – on December 1, 1925.  Over the years, we have grown into a firm with over thirty lawyers that has become one of the area’s most trusted law firms.  We are happy to celebrate with our clients, family, and friends, and we look forward to the next 100 years!

Matthew J. Dorsey, Esq. is a Shareholder with O’Connell and Aronowitz, 1 Court Street, Saratoga Springs, NY. Over his twenty-eight years of practice, he has focused on 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.  

Looking at Health With a New Lens

Written by Sara Brown PT, DPT, MS, CNS on . Posted in Families Today.

We often forget the extent to which health is closely linked with our daily habits. We all want to feel full of energy, in order to be able to live life on our own terms. What’s interesting is that we often don’t know how bad we were feeling, until we actually feel better. This was a revelation I had myself after suffering from fatigue and nutrient depletions years ago. I’ve since rebuilt my health from the inside out, restored my energy, and now use food as medicine to help clients do the same.

The good news: your health is more in your control than you may think, and it’s multifactorial. We can either build health, or move toward chronic disease based on our repeated daily habits; you have the power to take back your health, after all you are the CEO of your own body! Food, movement, sleep, stress management, and connection are the major pieces we can work on to layer in sustainable, and life-changing habits to get you feeling your best, little by little. With clients, I most often start with tweaking nutrition, since we eat at least 3 times a day, there are endless opportunities to start building the right habits to begin feeling the way you actually want to feel. Feeling great isn’t a pipe dream, it’s achievable for everyone.

Running on Clean Fuel

It’s simple; our bodies are like cars, we need proper fuel to run properly. If we put the wrong fuel source in our car instead of gas, we wouldn’t be surprised when our car didn’t turn on. Yet the average American fills their body with foods that are the wrong fuel for the body, then get disappointed when they don’t have any energy, the scale goes up, or symptoms start to arise. 

What we need is the right fuel for our bodies to do what they’re meant to do. Our bodies know how to run well; we just need to give it the proper inputs to do so. As a functional medicine nutritionist, I often talk to clients about gut healing, how to eat to reduce inflammation, (which is at the root of most symptoms) and talk about how to balance blood sugar to avoid the 3PM slump. As a Physical Therapist, I also know the incredible benefits that movement has on our bodies as well. Nutrient-dense foods and physical activity are examples of optimal fuel to energize the body, though each person’s needs may be slightly different, so personalization is key for optimal outcomes.

Love Your Liver

In digging deeper, often we find that the liver (our main detox organ) is sluggish and not doing its job well. It’s not surprising, we all get bogged down by the incoming and daily exposures to toxins in our external environment; in air, water, via food, personal care products, and household products we use all the time.

The body’s ability to detox actually requires a lot of nutrients to run well (hello antioxidants, B vitamins, minerals, protein, cruciferous veggies, and fiber). You can get all of these from food, but do you? If we learn how to give our bodies the optimal fuel sources for things such as liver detox, our organs and body will run smoothly and as a result, you feel better and reduce the risk for many conditions and diseases. 

The wellness world is really confusing. The real secret to better health? It’s consistency. It’s showing up and doing the so-called boring things that build true energy, vitality, and allow you to live the life you want. I run a few annual group programs to make functional medicine accessible to more people, plus it’s always more fun to do something as part of a group!

Not Your Average Detox 

Most “detoxes” I see advertised are simply low or no calories, or look like some sort of juice cleanse. These are severely lacking in the nutrients needed to properly fuel the liver to do its job, and thus are less effective. I’ve curated an evidence-based reset, hence the name ‘Not Your Average Detox’ to shift the body back into balance, starting to create energy from the inside-out, with a focus on the liver and the gut as a starting place. 

In it, we take six weeks to take out the major foods potentially causing harm and creating inflammation, while at the same time adding in the most supportive nutrients and foods. By the last week of the program, we discuss how to transition into a healthy lifestyle for the long-term. Short-term fixes lead to short-term results. Let’s make long-term fixes for long-term results.

Registration for the 6-Week Not Your Average Detox is officially open, and we’d love to have you join! We start January 4, 2026. Visit corerestorenutrition.com for more details, and if you’re looking to learn more about health topics, I host a podcast, The Restore Lab, on Spotify, and on Youtube, both linked on the website. I also have a monthly newsletter, Restore Reads, which you can sign up for. Follow on social media, at sabro_restore on Instagram, or Core Restore Nutrition or Wellness on Facebook, for frequent tips and tricks for how to live a healthier, more vibrant life. Be well.

Sara Brown PT, DPT, MS, CNS is a Certified Nutrition Specialist and Physical Therapist, who uses functional medicine principles to help clients reduce inflammation, restore health, and energize the body using food as medicine. She is the owner of Core Restore Nutrition and Wellness LLC, and works with clients either individuallyin person or via Telehealth, as well as offering group nutrition programs. She provides corporate and community nutrition presentations, and is also the host of The Restore Lab podcast, on Spotify. 

Five Homerun Gift Ideas for Boys

Written by Kate Morna Towne on . Posted in Families Today.

I’m an absolute sucker for those lists I see every year online of great gifts for various people: Mom, Dad, husband, wife, kids, teens, boys, girls, boss, colleagues. I’m always interested to see what people are recommending and what the hot new things are. If you’re like me, and if you have elementary-aged boys in your life that you will be buying gifts for, then hopefully this month’s article will help you out!

If someone were to ask me for a top-five gift list for boys — the top five things that are most likely to be well received and well loved by boys in general, and that most parents would likely approve of — these are the things that would make the list, based on the six boys in my house (ages 3 to 13) and their varied personalities and interests, and all the things they’ve asked for and/or been given over the years:

(1) Balls

Boys love balls. The younger the boy is, the more excited he is about balls. It doesn’t matter if he has a hundred balls at home already and is currently holding one in each hand. If he sees another child with a ball, or a display of balls at the store, he will go bananas. Even as they get older and aren’t quite as enthusiastic, and even for boys who aren’t so inclined towards sports, balls still seem to have a decent success rate. My nine-year-old received a football as a party favor at a friend’s birthday party recently, and he carried it around for days. My thirteen-year-old loves to throw tennis balls and small rubber balls against the wall and catch them and do it again (and again and again). They’re forever losing basketballs and baseballs over our backyard fence, and every year we’re always looking for the perfect ball to play with while swimming, so really, balls are never a bad idea. (Honorable mention, especially for younger boys: anything with wheels.)

(2) Books and drawing supplies

I’m putting these two things together in the same category because they’re similar — lovely, quiet activities that nevertheless have always been a big hit with my boys. “Books?” you might be thinking skeptically to yourself, as my brother did when, for my eldest’s second Christmas, he asked what my son might like, and I said, “Books!” and he said, disgustedly, “Come on, let him have a little fun!”  Now that he has his own children, I’d be interested in whether he’d still say the same thing, because in my experience, age-appropriate new books about topics that boys tend to like are always a big hit. Topics I would put in this category include dinosaurs, vehicles, bugs/snakes/sharks, and science experiments. And like with the balls, it doesn’t matter to my boys if they already have a bunch of books on that subject. My one particular dinosaur lover frequently receives new books about dinosaurs on birthdays and at Christmas, and he pores over each one, every time—for him, the topic never gets old. Drawing supplies are similar, and I’m not talking fancy ones either — a new box of crayons and a package of copy paper will keep my boys drawing for hours. Even as I write this, my three-year-old is scrounging through our “crayon box” — an old shoebox with stubs of crayons and broken pencils and the occasional pen — and drawing happily; when Santa replenishes the crayon box with new drawing implements, he and all his brothers will miraculously find themselves even more inspired.

(3) Legos

I have some boys who are crazy about Legos, and I have others who are just kind of okay with them, and yet the majority of them ask for new Lego sets for every holiday, and insist on buying Lego sets to give their friends at the birthday parties they’re invited to. We have an enormous bin of Legos, thanks to the various sets they’ve received over the years and a very generous friend who gave us all her boys’ old Legos, and most days at least one of my boys (usually two or three) goes running right for the bin as soon as we get home from school and spends the rest of the afternoon pawing through the bin and building what they call “Lego creations.” They don’t seem to care that the pieces of sets get swallowed up into the communal bin fairly quickly (except one boy, who keeps his in his room), and you can find sets for just about every interest.

(4) Electronics

This category is, to me, sad but true. My boys love video games, phones, tablets, laptops — you name it. We were generously given a video game system several years ago (which, honestly, is the only reason I allowed it in the house), and when it pooped out on us last year, we were generously given a different one. We have a limited number of video games, and we strictly regulate when the boys can play and for how long (only on the weekends or days off; one hour each per day), and, no joke, they think about and plan for their turns all week. My older boys are required to have Chromebooks for school, and even though most of what they do on them is schoolwork, the younger ones are green with envy and are counting down the days until they’re in middle school. Phones and tablets regularly show up on their birthday and Christmas wish lists (they don’t seem to realize how futile this effort is!). One of them got a calculator for Christmas one year — just a regular old calculator with no bells or whistles — and it was one of the most coveted items by all the boys for weeks. 

(5) Star Wars and Superheroes

Finally, rather than being “things,” this category is about “themes.” Star Wars, Spiderman, Superman, Batman, the Avengers — those are all things that my boys find endlessly exciting. Apply these themes to the gift ideas mentioned above and you’re gold! 

I hope this is a helpful list for any of you who have boys to buy gifts for this winter! Merry Christmas and Happy New Year!

# # #

Kate and her husband have seven sons ages 21, 19, 17, 15, 13, 11, and 7. Email her at kmtowne23@gmail.com.

Home Care for Neck

Written by Dr Kevy Smith Minogue on . Posted in Families Today.

PainNeck pain is a prevalent issue that can affect people of all ages and lifestyles. Whether it stems from poor posture, muscle strain, or chronic conditions, knowing how to manage and alleviate neck pain at home can make a significant difference in your quality of life. As chiropractors, we advocate for a holistic approach to health, emphasizing the importance of self-care in conjunction with professional chiropractic treatment. Below, we outline effective home care strategies for managing neck pain.

 Understanding Neck Pain

Before diving into home care techniques, it’s essential to understand the potential causes of neck pain, which can include: 

– Muscle Strain: Often due to poor posture, sleeping in awkward positions, or extended periods of sitting.

– Cervical Disc Issues: Such as herniated or bulging discs that can compress nerves.

– Osteoarthritis: Degenerative changes in the cervical spine that may lead to discomfort.

– Injuries: Whiplash and other trauma can result in acute neck pain. 

Understanding the source of your neck pain can guide your home care techniques, but it’s always best to consult a chiropractor for a proper diagnosis.

Home Care Techniques for Neck Pain

1. Posture Awareness

Maintaining good posture is crucial for preventing and alleviating neck pain. Here are some tips:

– Ergonomic Workstation: Position your computer monitor at eye level and your chair at a comfortable height to promote proper alignment.

– Correct Sitting Position: Keep your feet flat on the ground, your back against the chair, and your shoulders relaxed.

– Mind Your Phone Usage: Hold your phone at eye level instead of bending your neck down to look at it.

2. Gentle Stretching and Exercises

Incorporating gentle exercises into your daily routine can help strengthen the neck muscles and improve flexibility:

– Chin Tucks: Sit or stand straight. Tuck your chin toward your chest, holding for 5 seconds. Repeat several times.

– Side Neck Stretch: Gently tilt your head to one side, bringing your ear toward your shoulder, and hold for about 15-30 seconds. Repeat on the other side.

– Range-of-Motion Exercises: Slowly rotate your neck in a circular motion, first clockwise and then counterclockwise.

3. Heat and Cold Therapy

Applying heat or cold can significantly alleviate pain:

– Cold Packs: Apply a cold pack wrapped in a towel to the neck for 15-20 minutes to reduce inflammation, especially in the initial stages of pain.

– Heating Pads: After the first 48 hours, use a heating pad to relax tight muscles and improve blood flow. This can facilitate healing and provide comfort.

4. Massage

Self-massage can be an effective way to relieve tension in the neck:

– Use Your Hands: Gently knead the muscles in your neck using your fingertips or thumbs. Focus on any tight or tender spots.

– Foam Rollers: A foam roller can help release tension in the upper back and neck area.

5. Sleeping Position and Pillow Choice

Your sleeping habits can greatly influence neck pain:

– Correct Pillow Height: Use a pillow that supports the natural curve of your neck. Stomach sleeping is generally not recommended, as it can strain the neck.

– Sleep on Your Back or Side: This position can help maintain spinal alignment. Consider a contour pillow if you are a side sleeper.

6. Stay Hydrated and Maintain a Healthy Diet

Keeping hydrated helps maintain optimal spinal health by ensuring intervertebral discs remain hydrated. A balanced diet rich in anti-inflammatory foods (like fruits, vegetables, nuts, and fish) can also aid in recovery.

7. Limit Smartphone and Computer Use

Excessive screen time can lead to neck pain, often referred to as “tech neck.” Implement regular breaks from screens every 20-30 minutes and perform stretches during these breaks.

 When to Seek Chiropractic Care

While home care techniques can be effective for mild to moderate neck pain, it’s essential to consult with a chiropractor if:

– Pain persists for more than a few days.

– You experience weakness, numbness, or tingling in your arms or hands.

– The pain is accompanied by other symptoms, such as headaches or dizziness.

Chiropractic care can provide holistic treatment options, including spinal adjustments, physical therapy, and personalized exercise recommendations to address not only the symptoms but the underlying causes of neck pain.

Appointments can be made online at MySaratogaCiropractor.com.

Safely Performing Fall Yard Work: Protecting Your Back

Written by Dr Kevy Smith Minogue on . Posted in Families Today.

As the leaves turn vibrant shades of orange and yellow, many homeowners prepare to tackle fall yard work. Tasks such as raking leaves, pruning shrubs, and clearing debris can be enjoyable but pose a risk to your back if not done carefully. Here’s a comprehensive guide on how to protect your back while efficiently completing your fall yard work.

 Understanding Back Strain

Back strain occurs when the muscles or ligaments in the back are overstretched or torn. Fall yard work often involves repetitive actions, heavy lifting, and awkward postures that can lead to such injuries. To prevent back pain and ensure a productive work session, consider the following strategies:

1. Assess Your Fitness Level

Before diving into yard work, evaluate your current fitness level. If you haven’t been active, start with lighter tasks and gradually increase your workload. Listen to your body; if you feel discomfort, take breaks and rest.

2. Warm Up Before Work

Just as you would warm up before exercising, warming up before yard work is essential. Spend 5-10 minutes performing light stretches and movements to loosen up your muscles. Focus on your back, shoulders, and legs to prepare them for the upcoming activities.

3. Use Proper Techniques

Using the correct techniques is crucial for preventing back injuries:

 – Keep Your Spine Neutral: Maintain a straight back while bending at the hips and knees when lifting objects. This technique distributes the weight more evenly, reducing the strain on your back.

– Lift with Your Legs: When lifting heavy objects, let your legs do the work. Squat down to grab the object, keeping it close to your body, and push through your heels as you stand up.

– Avoid Twisting: When turning, take a step instead of twisting your torso. Twisting movements can put excessive pressure on your spine.

4. Break Down Tasks To avoid overexertion, break down larger jobs into smaller, manageable tasks. For instance, instead of raking the entire yard at once, tackle sections. Take regular breaks to hydrate and rest your muscles.

5. Choose the Right Equipment

Invest in ergonomic tools such as long-handled rakes, leaf blowers, and kneeling pads to help ease the physical strain. Ensure your tools are lightweight and comfortable, reducing the risk of fatigue and injury.

6. Maintain Good Posture

While working, be mindful of your posture. Keep your shoulders back and your neck aligned with your spine. Avoid leaning too far forward or tilting your head down for prolonged periods.

7. Stay Hydrated and Nourished

Proper hydration and nutrition play a vital role in muscle function. Drink plenty of water before, during, and after yard work to keep your muscles hydrated. Fuel your body with nutritious foods to support your energy levels throughout the day.

8. Know When to Seek Help

If a task feels too strenuous or you are unsure about your ability to complete it safely, don’t hesitate to ask for help. Whether that means getting a neighbor involved or hiring a professional, it’s better to be cautious than to risk injury.

9. Cooling Down and Stretching Post-Work After completing your yard work, take time to cool down and stretch your muscles. Gentle stretches help prevent stiffness and promote recovery. Pay special attention to your back and legs, holding each stretch for 15 to 30 seconds.

Fall yard work can be a fulfilling way to enjoy the beautiful outdoors, but it’s essential to prioritize your back health to prevent injuries. By following these strategies—assessing your fitness level, using proper techniques, choosing the right equipment, and knowing when to seek help—you can safely enjoy the season’s bounty without compromising your well-being. Remember, a little preparation goes a long way in ensuring your fall yard work is not just productive but also safe for your back.

A p p o i n t m e n t s can be made online at MySaratogaCiropractor.com.

Giving thanks

Written by Kate Morna Towne on . Posted in Families Today.

“Mothering Boys”

This article from six years ago made me laugh out loud when I re-read it. We are still dealing with cultivating gratitude here in our house! We as a family and each of us individually have so much to be grateful for, which I hope my children always remember. I hope you and yours have a very Happy Thanksgiving! 

At my boys’ school there’s a “school store” once a week where the kids can purchase little things like pencils, erasers, and bouncy balls. Every week they beg me for money for the school store — I don’t always give them money, but when I do, I usually give them one dollar, as there are things they can buy that cost a dollar or less. But today, when I told one of my little guys that I had put an envelope containing a dollar in his school folder, he got really angry, because he wanted more than a dollar.

Well. Guess who’s not getting a dollar, or any amount, for a good while?

Being ungrateful is one of the things that I’m constantly on my boys about. They’re healthy, safe, warm, fed, clothed, and loved, and they have a lot of other things in addition to those essentials — in my mind, there’s no room for ingratitude when they have all those things that so many others don’t. 

Not only that, but I’ve been intrigued by the idea that having an “attitude of gratitude” can have a positive impact on one’s physical, psychological, and social lives. A 2014 article on Forbes.com by Amy Morin entitled “7 Scientifically Proven Benefits Of Gratitude That Will Motivate You To Give Thanks Year-Round” (available online) explains how cultivating gratitude can benefit everything from sleep to self-esteem, it can enhance empathy and reduce aggression, and it can increase one’s ability to cope: “Recognizing all you have to be thankful for — even during the worst times of your life — fosters resilience.” While I want my children to be grateful for what they have simply because they should be, I quite like that they’ll be healthier and happier by being grateful, too — and it’s a great reminder for me as well.

A more recent post (August 2019) on the web site HappierHuman.com called “31 Benefits of Gratitude: The Ultimate Science-Backed Guide” also noted something else I’ve observed: “Gratitude is a personality trait. Some people have more grateful personalities than others” and, while cultivating gratitude is a skill that can be learned through practice, some people need more practice than others. I’ve definitely seen this in some of my own children, which can make it a challenge to keep the general morale of the family up (haven’t you found that people who are always pointing out how bad things are can be such a drain on others’ mental peace?), so you can often hear me saying, “Be grateful for what you have!” I’ve also been known to say, “Now that you’ve complained about everything, tell me something you’re grateful for.” And my mom often tells my boys, “Remember to be patient and grateful!” Hopefully, the repetitive nature of these lessons will help them stick and make it easy for the boys to recall later in life.

Speaking of reminders to be grateful, we’re all looking forward to Thanksgiving (one of my boys has said it’s his favorite holiday, more than Christmas and his birthday!), and one of the things we’ve done in the past is to take time to share out loud the things we’re grateful for. I recently asked my boys what they’re grateful for, having both this article and Thanksgiving in mind, and I was so pleased that they all included family (including, specifically, “my brothers”) and friends, our home, and our food — those very things that I never want them to take for granted. That’s something I’m definitely grateful for this year! Happy Thanksgiving to all of you!

Kate and her husband have seven sons ages 21, 19, 17, 15, 13, 11, and 7. Email her at kmtowne23@gmail.com.

The New Retirement Savings Account for Kids What should you know about Trump Accounts?

Written by Anna R. Myers Norton, Esq. on . Posted in Families Today.

A recent federal law has introduced a new tax-advantaged savings account for minors. These accounts, known as Trump Accounts, are designed to help children start saving early for retirement with the help of their parents, employers, and others.

This article provides a general overview of Trump Accounts and how they are compare to other savings accounts for children. 

What is a Trump Account?

A Trump Account is a tax-deferred investment account available for individuals under age 18. Funds in the account grow tax-deferred while the beneficiary is a minor. When the beneficiary turns 18, the Trump Account is converted into a traditional Individual Retirement Account (IRA) owned by the beneficiary.

When can withdrawals be made? 

Withdrawals cannot be taken prior to the beneficiary turning 18.  After the Trump Account is converted to a traditional IRA, account funds may be distributed in accordance with IRS rules, including a penalty-free distribution for a first-time home purchase.

Who may contribute to the account?

It is anticipated that anyone (parents, relatives, friends, or employers) may contribute to a Trump Account until the child turns 18. The total annual contribution limit is $5,000, and contributions may begin in July 2026.

What should employers know?

Employers may contribute up to $2,500 toward the $5,000 cap on behalf of their employee (if under 18) or an employee’s dependent. In 2026, employer contributions will be excluded from the employee’s gross income. 

Are contributions tax deductible?

No. Contributions are not tax deductible.

Are contributions subject to gift tax?

Yes. Contributions made to a Trump Account are considered gifts to the minor account owner and count toward the contributor’s annual gift tax exclusion.

How is a Trump Account invested?

Trump Accounts may only be invested in a low-cost, diversified fund that tracks a U.S. stock index, such as the S&P 500. This does not apply after the account is converted to a traditional IRA.  

How is a Trump Account established?

It is anticipated that for every child born between 2025 and 2028 with a social security number, the federal government will establish a Trump Account for that child if an election is made. Further details regarding this election process are expected later, including how accounts will be created for children born prior to 2025.

How does the government contribution work? 

The federal government will make a one-time $1,000 contribution to Trump Accounts for children born between 2025 and 2028. Importantly, this federal contribution does not count toward the annual contribution limit of $5,000, and there is no requirement to match the government’s contribution.

How is it different than a custodial IRA?

Parents or guardians may establish and contribute to a custodial IRA for individuals under age 18 to the extent the minor individual has earned income. In contrast, Trump Accounts do not require that the minor have earned income to receive contributions.

How is it different than a 529 Plan?

A 529 Plan is designed to help save for a child’s education, offering tax-free growth and withdrawals for qualified expenses. A Trump Account, by contrast, is intended for long-term retirement savings. 

Although a recent change in the law allows 529 Plan funds to be rolled over into a Roth IRA, that rollover is limited to $35,000.  A Trump Account has potentially a greater opportunity to save for a child’s retirement. 

How is it different from a UTMA account?

Trump Accounts are similar to custodial investment accounts under the Uniform Transfers to Minors Act (UTMA) in that both are funded with after-tax dollars. However, unlike traditional custodial accounts, investment income in a Trump Account is not realized until funds are withdrawn by the beneficiary, subject to standard IRA rules.

As additional details of Trump Accounts continue to take shape, understanding how this new savings vehicle fits into your broader financial and estate planning strategy is important. These accounts present an exciting opportunity for early retirement savings, and professional guidance can help ensure you make the most of the benefits available. To learn how a Trump Account could work for you or your family, you should contact an experienced estate planning professional near you. 

Anna R. Myers Norton is an associate attorney with O’Connell and Aronowitz, One Court Street, Saratoga Springs, New York. Anna’s practice focuses on trust and estate law, including estate planning, estate administration, and guardianship.

The Revolution May Be Delayed: AI, the Dot-Com Bubble, and the Missing Foundation

Written by Stephen Kyne, CFP Sterling Manor Financial on . Posted in Families Today.

History rarely repeats itself exactly, but its rhymes are unmistakable. The current mania surrounding Artificial Intelligence—a frenzy of impossible valuations and world-changing promises—is an echo of the dot-com bubble. In both cases, the technology was, and is, genuinely revolutionary. But in both cases, the hype arrived before the foundation needed to support it.

The playbook is identical: a transformative idea is mistaken for a transformative business. We forget that technologies like the radio, the television, and the internet itself were fascinating novelties long before they were economic engines. They only reshaped society after the boring, expensive, and unglamorous work of building infrastructure was complete, and someone finally cracked the code of monetization.

We feel the same mistakes are being made today.

The late 1990s promised a “new economy.” We envisioned a world of frictionless e-commerce, instant global communication, and a library of all human knowledge in every home. The companies that embodied this promise, like Pets.com or Webvan, weren’t necessarily bad ideas—they were just impossible ideas for the era.

• The Missing Infrastructure: The “information superhighway” was a dirt road. The vast majority of users were on screeching 56k dial-up modems. Secure online payments were novel and mistrusted. Logistics networks for one-day delivery didn’t exist. The promise of “streaming video” was a 10-second, postage-stamp-sized clip that buffered for five minutes.

• The Missing Monetization: With no reliable payment systems and a tiny user base, the only viable business model was “get eyeballs.” Companies burned billions in venture capital on Super Bowl ads, hoping to figure out how to make money later. They never got the chance.

The bubble burst, not because the internet was a fad, but because its “transformative potential” was trapped behind a massive infrastructure bottleneck. The real revolution only arrived a decade later, built on the fiber-optic cable laid in the bubble’s ruins and powered by broadband, 4G, and the cloud.

Today, AI promises to be our collective super brain—a productivity engine that will cure diseases, write code, and discover new materials. We see its potential in dazzling demos from ChatGPT and image generators. But just like in 1999, we are mistaking the demo for the product.

• The Missing Infrastructure: The “picks and shovels” narrative of today, centered on selling GPUs, masks a terrifying reality: we lack the power to run this revolution at scale. The energy consumption of today’s models is staggering, and training next-generation models may require the output of entire nuclear power plants. We are building supercars, but we haven’t built a national highway system, and we don’t have nearly enough gas stations. The cost of compute is so high that running an “AI-powered” search query costs 10 to 100 times more than a standard one—a cost no one has a plan to pay for.

• The Missing Monetization: The current business models are just as shaky as “get eyeballs.” The dominant model is “burn billions in R&D and charge a $20/month subscription.” Companies worldwide are being sold on “integrating AI,” but most are just experimenting, with no clear return on investment. The high compute costs mean that profitability remains a distant dream for most AI applications.

The dot-com crash was a painful but necessary correction that separated the idea of the internet from the business of the internet. Are we hurtling toward a similar “AI winter”? The technology is real. The transformation is coming. But it may only be built after this bubble bursts, after we solve the monumental energy and infrastructure crisis, and after sustainable business models emerge from the rubble.

In the long-term we’re optimistic about the sector, but it’s impossible to know which of the players will still be viable. As always work closely with your Certified Financial Planner® professional to determine what level of exposure is appropriate for you. 

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

Sterling Manor Financial, LLC is an SEC Registered Investment Advisor and does not provide tax or legal advice, nor is it a third-party administrator. Consult your attorney or accountant prior to implementing any tax or legal strategies. Article contains forward- looking statements and opinions which are subject to change. 

The Five Essentials for Losing Belly Fat

Written by Dr Kevy Smith Minogue on . Posted in Families Today.

Belly fat, often referred to as visceral fat, can be a significant health concern, leading to various metabolic disorders, heart disease, and type 2 diabetes. Losing this stubborn fat can be challenging, but integrating five essential lifestyle changes—walking, increasing protein intake, engaging in weight lifting, prioritizing sleep, and managing stress—can create a holistic approach to health and wellness.

1. Walking: The Simple Exercise

 Benefits of Walking

Walking is one of the most accessible forms of exercise and significantly contributes to achieving and maintaining a healthy weight. Regular brisk walking can help burn calories, improve cardiovascular health, and reduce overall body fat, including belly fat.

 Implementation Tips – Aim for 30 minutes a day: Start with a goal of at least 150 minutes of moderate-intensity aerobic activity, such as brisk walking, each week.

– Incorporate intervals: Add bursts of increased intensity by walking faster for 1-2 minutes during your routine to maximize calorie burn.

– Find a buddy or group: Walking with friends can keep you motivated and make the exercise more enjoyable.

2. Protein: The Essential Nutrient 

Importance of Protein

A diet rich in protein can facilitate weight loss by increasing satiety, reducing hunger, and preserving lean muscle mass during weight loss. High-protein foods can also elevate your metabolic rate, helping you burn more calories. Implementation Tips

– Include lean protein sources: Incorporate foods like chicken, turkey, fish, beans, legumes, and dairy in your meals.

– Plan for protein at every meal: Aim for a balance of protein, healthy fats, and fiber in each meal to promote fullness and reduce cravings.

– Post-workout protein: Consuming protein after workouts can aid muscle recovery and promote muscle growth.

3. Weight Lifting: Building Muscle Mass

 Benefits of Weight Lifting

Strength training is a powerful tool for burning belly fat. As you build muscle, your resting metabolic rate increases, allowing you to burn more calories even when at rest.

 Implementation Tips 

– Start with bodyweight exercises: If you’re new to weight lifting, begin with exercises like push-ups, squats, and lunges to build foundational strength.

– Include resistance training 2-3 times a week: Focus on full-body workouts that target multiple muscle groups to maximize calorie expenditure.

– Gradually increase weights and intensity: As you progress, gradually increase the weights or resistance to continue challenging your muscles.

4. Sleep: The Overlooked Component

 Importance of Sleep

Quality sleep is crucial for weight management and overall health. Poor sleep can disrupt hormones involved in hunger and appetite regulation, often leading to increased cravings and weight gain.

 Implementation Tips

– Target 7-9 hours of sleep: Most adults require between 7 to 9 hours of quality sleep each night for optimal health.

– Establish a sleep routine: Go to bed and wake up at consistent times each day to regulate your body’s internal clock.

– Create a conducive sleep environment: Keep your bedroom dark, cool, and quiet, and limit screen time before bed to promote better sleep quality.

A p p o i n t m e n t s can be made online at MySaratogaCiropractor.com.