Scarborough Capital Management Assists GM Retirees Facing Pension Buyout Decision

Local Seminars Address Lump-Sum versus Payment Plan Dilemma

Jul 13, 2012, 16:46 ET from Scarborough Capital Management

ANNAPOLIS, Md., July 13, 2012 /PRNewswire/ -- Scarborough Capital Management is hosting a series of seminars around the country to assist General Motors (GM) retirees and pre-retirees, in making decisions about whether to accept the recent lump-sum pension buyout offered by GM.  "This is an important decision that can have far-reaching ramifications for those in or approaching retirement," said Scarborough Capital Management President and CEO Mike Scarborough. "I encourage every individual who receives the pension buyout offer to talk to a trusted financial professional before making any decision."

At each meeting, Scarborough, who has been a retirement plan resource for GM employees since 1992, will explain the terms of GM's voluntary lump-sum offer, discuss suitable options and provide an opportunity for attendees to ask questions. The deadline for deciding whether to accept the lump-sum payment versus a payment plan is July 20, 2012.

The last two meetings will be held as follows:

  • July 14, 2012 at 2 p.m., Phoenix, Arizona
  • July 16, 2012 at 2 p.m., Los Angeles, California

To attend a meeting, call Scarborough Capital Management at 800-200-3870 or email aforsman@401kadvice.com. Click here http://my.brainshark.com/Scarborough-GM-Pension-Podcast-Slides-726808170 to listen to a brief podcast about questions GM retirees should consider before deciding whether or not to take the offer.

Personalized presentations are also available upon request. To schedule a personalized meeting contact Alexandra Forsman at aforsman@401kadvice.com or call 800-200-3870 x 1159.

LISTEN TO TIPS FOR GM RETIREES

Hear what Scarborough Capital Management CEO Mike Scarborough has to say about the key questions GM retirees should be asking in a brief podcast interview:

http://my.brainshark.com/Scarborough-GM-Pension-Podcast-Slides-726808170

About Scarborough Capital Management
Scarborough Capital Management provides comprehensive financial advisory services, including 401(k) Management, Investment Management, Financial Planning, Retirement Income Management, Estate Planning, and Risk Management. Dedicated to helping people prepare for retirement, Scarborough Capital Management developed its signature 401(k) and 403(b) Savings Plan Management service for employees participating in their company retirement plans. Currently, the firm works with individuals at over 125 different plans ranging from Fortune 500 companies to small and midsized businesses.

Disclosures: Securities offered through SII Investments, Inc.(SII), Member FINRA, SIPC.  Advisory services offered through Scarborough Capital Management, Inc. (SCM), a Registered Investment Advisor.  SII and SCM are separate companies. These events are neither sponsored nor endorsed by General Motors.

SOURCE Scarborough Capital Management