--- title: The Pulse | David Herman description: President, Wealth Management, Retirement Advisor CRPC®, CCPS® --- - [Why Choose SCM?](https://scmadvice.com/why-scm/) - [Our Commitment to You](https://scmadvice.com/our-commitment-to-you/) - [Our Fees](https://scmadvice.com/our-fees/) - [What We Do](https://scmadvice.com/what-we-do/) - [401(k) Plan Management](https://scmadvice.com/401k-plan-management/) - [403(b) Plan Management](https://scmadvice.com/403b-plan-management/) - [Thrift Savings Plan (TSP) Management](https://scmadvice.com/thrift-savings-plan-tsp-management/) - [Health Savings Account (HSA) Management](https://scmadvice.com/health-savings-account-hsa-management/) - [Wealth Management](https://scmadvice.com/wealth-management/) - [Financial Planning](https://scmadvice.com/financial-planning/) - [Pension Analysis](https://scmadvice.com/pension-analysis/) - [Social Security Analysis](https://scmadvice.com/social-security-analysis/) - [About SCM](https://scmadvice.com/who-we-are/) - 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[Our Fees](https://scmadvice.com/our-fees/) - [What We Do](https://scmadvice.com/what-we-do/) - [401(k) Plan Management](https://scmadvice.com/401k-plan-management/) - [403(b) Plan Management](https://scmadvice.com/403b-plan-management/) - [Thrift Savings Plan (TSP) Management](https://scmadvice.com/thrift-savings-plan-tsp-management/) - [Health Savings Account (HSA) Management](https://scmadvice.com/health-savings-account-hsa-management/) - [Wealth Management](https://scmadvice.com/wealth-management/) - [Financial Planning](https://scmadvice.com/financial-planning/) - [Pension Analysis](https://scmadvice.com/pension-analysis/) - [Social Security Analysis](https://scmadvice.com/social-security-analysis/) - [About SCM](https://scmadvice.com/who-we-are/) - [Our Story](https://scmadvice.com/our-story/) - [Our Team](https://scmadvice.com/who-we-are/our-team/) - [Quick Facts](https://scmadvice.com/who-we-are/quick-facts/) - [Who We Help](https://scmadvice.com/our-clients/) - [Getting Organized and On Track](https://scmadvice.com/getting-organized-and-on-track/) - [When Can We Retire?](https://scmadvice.com/when-can-we-retire/) - [Free Resources](https://scmadvice.com/resources/) - [Blog](https://blog.scmadvice.com/) - [Quick Guides](https://scmadvice.com/quick-guides/) - [Start Now](https://info.scmadvice.com/contact-us) [![Scarborough Capital Management](https://blog.scmadvice.com/hubfs/ScarboroughCapitalManagement_June2019/Images/logo.png)](http://134.209.5.42) Menu # Author: David Herman ### Newsletter Subscribe to our monthly newsletter ### Categories - [Personal Finance (39)](https://blog.scmadvice.com/tag/personal-finance) - [financial advisor (39)](https://blog.scmadvice.com/tag/financial-advisor) - [wealth management annapolis (36)](https://blog.scmadvice.com/tag/wealth-management-annapolis) - [Retirement (13)](https://blog.scmadvice.com/tag/retirement) - [Retirement Planning (5)](https://blog.scmadvice.com/tag/retirement-planning) - [Annapolis (4)](https://blog.scmadvice.com/tag/annapolis) - [College Savings (2)](https://blog.scmadvice.com/tag/college-savings) - [401(k) (1)](https://blog.scmadvice.com/tag/401k) - [Investing (1)](https://blog.scmadvice.com/tag/investing) See all ### Popular posts - [![What To Do Now That You’ve Received Your Inheritance](https://blog.scmadvice.com/hubfs/SCM-inheritance.jpg)](https://blog.scmadvice.com/now-that-youve-received-your-inheritance) [What To Do Now That You’ve Received Your Inheritance](https://blog.scmadvice.com/now-that-youve-received-your-inheritance) by [Shawn J. 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Retirees today are much more\[...\] [Read More](https://blog.scmadvice.com/9-ways-retirees-can-earn) ##### [Important Facts About a 403(b)](https://blog.scmadvice.com/important-facts-about-a-403b) By: [David Herman](https://blog.scmadvice.com/author/david-herman) Apr 29, 2026 If you are a public-school employee or an employee of a tax-exempt institution, such as a hospital, college, government organization or some\[...\] [Read More](https://blog.scmadvice.com/important-facts-about-a-403b) ##### [8 Questions to Ask Yourself Before Making a Major Purchase](https://blog.scmadvice.com/8-questions-to-ask-yourself-before-making-a-major-purchase-2) By: [David Herman](https://blog.scmadvice.com/author/david-herman) Nov 26, 2025 Buyer’s remorse is an awful feeling. The regret, exasperation, and that sinking feeling that you went into debt for nothing (or not much, anyway)\[...\] [Read More](https://blog.scmadvice.com/8-questions-to-ask-yourself-before-making-a-major-purchase-2) ##### [Retirement Planning Annapolis: Understanding Vesting](https://blog.scmadvice.com/understanding-vesting-1) By: [David Herman](https://blog.scmadvice.com/author/david-herman) Aug 13, 2025 When it comes to retirement planning (in Annapolis, or anywhere, for that matter), “vesting” is an important term to understand. [Read More](https://blog.scmadvice.com/understanding-vesting-1) ##### [Long-term Care Insurance: What to Know to Help Protect Your Wealth (Part Three)](https://blog.scmadvice.com/long-term-care-insurance-what-to-know-to-help-protect-your-wealth-part-three) By: [David Herman](https://blog.scmadvice.com/author/david-herman) Jul 30, 2025 Retirement can offer the reward of leisure time for a career well spent. Vacations at the beach with family, trips abroad, and even naps in a shady\[...\] [Read More](https://blog.scmadvice.com/long-term-care-insurance-what-to-know-to-help-protect-your-wealth-part-three) ##### [Financial Advice for Young Couples: It’s Never Too Early to Start Planning for the Future](https://blog.scmadvice.com/financial-advice-for-young-couples) By: [David Herman](https://blog.scmadvice.com/author/david-herman) May 28, 2025 When it comes to planning for retirement, the greatest thing about being a Millennial is that time is on your side. One of the hardest things about\[...\] [Read More](https://blog.scmadvice.com/financial-advice-for-young-couples) ##### [Roth IRAs vs Traditional IRAs: What You Need to Know](https://blog.scmadvice.com/roth-ira-vs-traditional-ira) By: [David Herman](https://blog.scmadvice.com/author/david-herman) Apr 02, 2025 When you’re planning for retirement, one of the biggest decisions you need to make is whether to invest in a traditional IRA or a Roth IRA. [Read More](https://blog.scmadvice.com/roth-ira-vs-traditional-ira) ##### [Nine-Point Retirement Checklist](https://blog.scmadvice.com/when-can-we-retire-0-0) By: [David Herman](https://blog.scmadvice.com/author/david-herman) Mar 26, 2025 What should I be thinking about when nearing/considering retirement?It’s one of the most common questions we’re asked and it’s critical to review\[...\] [Read More](https://blog.scmadvice.com/when-can-we-retire-0-0) ##### [What’s the Difference Between Custom Allocation and a ‘Cookie Cutter’ Plan?](https://blog.scmadvice.com/custom-allocation-or-cookie-cutter) By: [David Herman](https://blog.scmadvice.com/author/david-herman) Sep 05, 2024 Many people take a simple approach to retirement and invest in a basic, age-based fund. They plan to withdraw Social Security benefits as early as\[...\] [Read More](https://blog.scmadvice.com/custom-allocation-or-cookie-cutter) [All posts](https://blog.scmadvice.com/all) [![Scarborough Capital Management](https://blog.scmadvice.com/hubfs/ScarboroughCapitalManagement_June2019/Images/logo.png)](https://scmadvice.com/) For over 35 years, Scarborough Capital Management has been seeking to help busy people make the most of their money. With affordable 401(k) management services plus full-service financial planning and wealth management, we’re passionate about helping you achieve your financial goals… now and in the future. #### Contact - 1906 Towne Centre Blvd., Suite 260 Annapolis, MD 21401 - **Call:** 410-573-5700 or 800-200-3870 **Fax:** 410-573-5708 #### Navigate - [Why Choose SCM?](https://scmadvice.com/why-scm/) - [What We Do](https://scmadvice.com/what-we-do/) - [About SCM](https://scmadvice.com/who-we-are/) - [Who We Help](https://scmadvice.com/our-clients/) - [Free Resources](https://scmadvice.com/resources/) - [Blog](https://blog.scmadvice.com/) - [Contact Us](https://scmadvice.com/contact-us/) ##### Find on Social: - - **![Broker Check logo](https://blog.scmadvice.com/hs-fs/hubfs/Broker%20Check%20logo.png?width=140&name=Broker%20Check%20logo.png)** **Important consumer information** This site is for informational purposes only and is not intended to be a solicitation or offering of any security and: Representatives of Registered Broker-Dealer ("BD") or Registered Investment Advisor ("IA") may only conduct business in a state if the representatives and the BD and IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, that state; or (b) are excluded or exempted from that state's registration requirements. Representatives of a BD or IA are deemed to conduct business in a state to the extent that they would provide individualized responses to investor inquiries that involve (a) effecting, or attempting to effect, transactions in securities; or (b) rendering personalized investment advice for compensation. We are registered to offer securities in the following states: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY. Securities offered through Independent Financial Group, LLC (IFG), a registered broker-dealer. Member [FINRA](https://www.finra.org/) / [SIPC](https://www.sipc.org/). Advisory services offered through Scarborough Capital Management, a federally registered investment Adviser under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply a certain level of skill or training. IFG and Scarborough Capital Management are unaffiliated entities Information provided is from sources believed to be reliable however, we cannot guarantee or represent that it is accurate or complete. Because situations vary, any information provided on this site is not intended to indicate suitability for any particular investor. Hyperlinks are provided as a courtesy and should not be deemed as an endorsement. When you link to a third-party website you are leaving our site and assume total responsibility for your use or activity on the third-party sites. [View Part 2 of Our ADV](https://scmadvice.com/wp-content/uploads/2025/04/SCM-Part-2A-of-Form-ADV-04012025.pdf)     [View Our CRS](https://scmadvice.com/wp-content/uploads/2024/04/SCM-CRS-3-22-2024.pdf)     [SCM Privacy Policy](https://scmadvice.com/wp-content/uploads/2024/04/Privacy-Policy-3.2024.pdf) Copyright 2025. Scarborough Capital Management. All rights reserved.