{"id":31282,"date":"2025-01-16T15:10:53","date_gmt":"2025-01-16T15:10:53","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/betterment-review-is-it-worth-it\/"},"modified":"2025-01-16T15:10:53","modified_gmt":"2025-01-16T15:10:53","slug":"betterment-review-is-it-worth-it","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=31282","title":{"rendered":"Betterment Review: Is It Worth It?"},"content":{"rendered":"


\n<\/p>\n

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\n\t\t\t\tBetterment
\n\t\t\t\t\t\t\t\t\t0.25%-0.50%<\/span>
\n\t\t\t\t\t\t\t<\/h5>\n<\/p>\n
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\"betterment<\/div>\n
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Product Name:<\/strong> Betterment<\/p>\n

Product Description:<\/strong> Betterment is one of the oldest roboadvisors with reasonable fees, expert portfolios, and a cash management account with high yields.<\/p>\n<\/div>\n<\/div>\n

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Summary<\/strong><\/p>\n

Betterment is a robo advisor that offers ten premade portfolios. These portfolios will automatically rebalance making investing a truly hands-off experience. It costs $4 a month for balances under $20,000. For balances above $20,000 the fee is 0.25%.\u00a0<\/p>\n<\/div>\n

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Pros<\/strong><\/p>\n

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  • Low fees<\/li>\n
  • Tax loss harvesting<\/li>\n
  • Low minimum ($0)<\/li>\n
  • High-Yield Cash Reserve<\/li>\n
  • Financial Planning services available with Premium<\/li>\n<\/ul><\/div>\n
    \n

    Cons<\/strong><\/p>\n

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    • There are lower cost robo-advisors<\/li>\n
    • No self-directed investing option<\/li>\n
    • No custodial accounts or 529 plans<\/li>\n<\/ul><\/div>\n<\/div>\n

      <\/p><\/div>\n

      Betterment is a longstanding robo-advisor offering low fees and more control over your portfolio than many automated investment platforms.<\/p>\n

      Betterment offers expert-built portfolios, including socially responsible and crypto portfolios, a high-yield cash account, a no-fee checking account, and access to human advisors. <\/p>\n

      But with so many robo-advisors to choose from, is Betterment still worth it?<\/p>\n

      At a Glance<\/h2>\n
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      • The management fee is $4\/month (for balances up to $20k) or 0.25% annually<\/li>\n
      • $0 minimum initial investment <\/li>\n
      • $100,000 minimum required for Betterment Premium <\/li>\n
      • Individual and joint taxable accounts; retirement accounts <\/li>\n
      • High-yield cash account <\/li>\n
      • No-fee checking account <\/li>\n
      • Create customizable sub-accounts (goal accounts)<\/li>\n
      • Available on iOS and Android mobile app<\/li>\n
      • Accounts are SIPC protected up to $500,000 ($250,000 cash) <\/li>\n<\/ul>\n