What does your savings plan management solution provide to me as an individual?
Scarborough assigns an advisor specifically to you to provide strategic advice on your 401(k), 403(b), TSP or other company-sponsored savings plan.
You also receive unlimited access to your financial advisor when you have questions or concerns regarding:
• Your account
• Market conditions
• Changes to your savings plan
• Changes in your personal life that may affect your retirement plan
In addition, you have access to free educational seminars and receive a free subscription to your advisor’s weekly financial newsletter.
How do I sign up?
It’s easy. Click here to get started, or call us at 800-835-4015.
How much does your core retirement service cost?
As little as a dollar a day. Our payment model provides you with maximum flexibility. Choose convenient monthly payments or select either annual or quarterly payments to receive discounted pricing.
Do you offer discounts?
Family members who choose to sign up receive $60 off. We also offer discounted Family Plan pricing when you sign up additional accounts.
Will my advisor contact me?
Absolutely. Your advisor contacts you throughout the year to touch base, review our services, and make sure our management style is still in line with your retirement goals. You can also contact your advisor any time you have questions or concerns.
Am I too young to use Scarborough’s services?
Absolutely not. The younger you start planning for retirement, the better the chance that you’ll reach your goals. We help with your retirement account regardless of your age, account balance, or company. In fact, we enjoy getting you started.
How do I pay you?
Your account is linked to your bank account or to a credit card (Visa®, Mastercard®, Discover® or American Express®). Since our service is designed to be ongoing, we charge your account each time your membership is up for renewal, unless a cancellation notice is provided.
Will this work with my plan at work?
Yes, we work within your employer’s company-sponsored retirement plan. As long as online access is available to your plan information, Scarborough can provide strategic advice for most company retirement plans, including 401(k), 403(b), TSP, 457 and small-business plans such as SEP-IRA and SIMPLE IRAs.
Will I still have online access to my account?
Yes. You always have online access to your account.
Can I use Savings Plan Management if I am not a current employee?
Yes. Scarborough can assist you with 401(k) plans and other plans for former employees, beneficiaries, or former spouses under a qualified domestic relations order (QDRO). As long as online access to your plan information is available, we can provide strategic advice.
How often do you recommend changes to my retirement plan?
Frequency depends on a number of factors, including market conditions and behavior of the investment options within your plan.
Can you help consolidate old plans from former employers?
Yes. If consolidation is your goal, you may be eligible to roll over your old retirement plan into your new employer’s retirement plan. You may also be eligible to roll over those funds into an IRA. Ask one of our advisors for more information about evaluating your options.
Can I deduct my management fees from my taxes?
You may be eligible to deduct that fee on your federal income tax return (because you pay your management fee with funds from outside of your retirement plan). Please contact your accounting professional for more information.
How do I cancel my service?
You can cancel this service at any time, and for any reason. Simply notify Scarborough or email your advisor and tell us you wish to discontinue service.
Does Scarborough provide educational services?
Yes! In our experience education is more necessary than ever to get clients to save. We offer a variety of educational seminars, live webcasts and a video library on our website to serve you.
Does Scarborough only manage 401(k), 403(b) & TSP accounts?
Our goal is to help you achieve your retirement goals, and many of our clients initially engage us to assist with their 401(k), 403(b) and TSP plans. But because we take a holistic approach to investing and retirement, many clients add additional services that may further help them reach those goals.
Our advisors are qualified to help you with accounts such as, but not limited to, traditional and Roth IRAs, brokerage accounts, college savings accounts, annuity products, life insurance and long-term care insurance. We also offer complete financial planning.
Does Scarborough require a minimum to start investing?
Scarborough does not have a minimum to begin investing and will help anyone who is serious about saving.
Can Scarborough come to my workplace and provide the other employees with retirement education?
Yes! Our advisors travel all over the country helping employees understand their specific retirement plan options and how they can use them to their advantage. These seminars are free of charge but a minimum attendance is required. Contact your advisor to start the process.