In this Betterment review for the year 2021, I cover everything you need to know about the popular Betterment investing platform. I’ll give you a complete Betterment walkthrough in this video, covering how to set up a Betterment account, the Betterment portfolios, the Betterment fees, and more. I’ll also give you the Betterment pros and cons and tell you what kinds of people Betterment is good for and what kinds of people Betterment probably isn’t the best for.

➡️ MY BETTERMENT LINK:

➡️ MY DOSH LINK:

📄 SMART BETA ARTICLE:

📄 TAX LOSS HARVESTING ARTICLE:

📈 OTHER INVESTMENT APP REVIEWS:
– M1 Finance Review:
– Robinhood Review:
– Acorns Review:
– Stash Review:
– Public.com Review:
– Dough.com Review:
– Fundrise Review:

📹 OTHER VIDEOS MENTIONED:
– Investing For Beginners:
– Using Crypto Losses Against Meme Stock Gains:
– 529 Accounts:
– Roth IRAs vs. Traditional IRAs:

Table of Contents:
0:00 Betterment Review
0:59 What Is Betterment?
1:26 Why Is Betterment Called a Robo-Advisor?
1:50 Betterment App
2:02 Betterment Sign-Up Offer
2:47 Betterment Setup
5:27 Betterment Investing Setup
6:29 Betterment Socially Responsible Investing (SRI) Portfolio
7:49 BettermentETF Expense Ratios
9:20 Betterment Climate Impact Portfolio
9:38 Betterment Broad Impact Portfolio
9:52 Betterment Goal Details
10:50 Other Betterment Investment Options
11:51 Betterment Smart Beta Portfolio by Goldman Sachs
12:30 Betterment BlackRock Target Income Portfolio
12:40 Betterment Flexible Portfolio
13:15 Can You Change Your Betterment Portfolio Strategy Later?
13:40 Betterment Portfolios and Goals Interaction
13:59 Betterment Portfolio Auto-Adjust
14:52 Betterment Projections Tab
15:54 ETFs That Make Up Betterment Portfolios
16:55 Betterment Allocation Over Time
17:13 Exploring Betterment Investing Goals
18:21 Betterment’s Holistic Approach
18:59 Depositing Money Into Betterment
19:47 My Betterment Investing Strategy
20:08 Betterment Projected Balance and Compound Growth
20:59 Depositing $100/Month Into Betterment
21:21 Rolling Over 401(k) Into Betterment
21:33 Betterment Desktop Display
21:58 Withdrawing Money From Betterment
22:09 Betterment Referral Program
23:03 Betterment Joint Checking
23:19 Betterment Cash Back Rewards
24:09 Betterment Tax Loss Harvesting
26:39 Syncing External Accounts in Betterment
28:49 Assigning Beneficiaries in Betterment
29:35 Betterment Fees (Digital Plan and Premium Plan)
31:33 Adding Spousal Accounts to Betterment
31:50 Betterment Tax-Coordinated Portfolio
32:44 Betterment Safety Net Goals
32:56 Total Net Worth in Betterment
33:13 Betterment Cash Reserve Account
34:12 Betterment Goals
34:27 Saving for Short-Term Goals in Betterment
34:51 Saving for College in Betterment vs. 529 Plan
36:14 Saving for Retirement With IRAs in Betterment
36:39 Traditional IRA vs. Roth IRA vs. SEP IRA
37:17 Betterment Safety Net Goal
37:28 Betterment Transfer Screen
37:41 Betterment Activity Screen
37:47 Betterment Statements and Tax Documents
37:57 Using Betterment for Tax Planning
38:30 Other Betterment Settings
38:41 Betterment Concierge Service
39:15 Betterment Hourly Calls With CFPs
39:59 Betterment Rewards Center
40:10 Betterment Cell Phone Protection
40:41 Betterment Pros
42:28 Betterment Cons
44:09 Who Betterment Is Good For
45:19 Who Betterment Isn’t Good For

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Betterment is a widely popular automated investment platform that offers easy-to-use financial planning and investment management services. The platform was founded in 2008 and has since become a popular choice for investors looking for an easy and stress-free way to invest their money.

This Betterment review will cover the platform’s features, advantages, and disadvantages, offering a comprehensive walkthrough and considerations to help determine whether or not it’s worth the investment.

Betterment Features

Betterment offers a variety of features that make it an ideal platform for investors looking for easy-to-use investment management. Here are some of the notable features of Betterment:

1. Automated Investing

Betterment uses an automated investment strategy that aims to provide the utmost efficiency, investing your money based on your goals and risk tolerance.

2. Tax-Efficient Investing

The platform uses algorithms to optimize your portfolio for tax efficiency, which can save you money in taxes.

3. Personalized Portfolio

Based on your risk tolerance, goals, and investing preferences, Betterment creates a custom portfolio for you.

4. Low Fees

Betterment charges low fees compared with many competing investment platforms, making it an excellent choice for investors looking to invest their money without paying high fees.

Pros of Betterment

1. Simplified Investing

Betterment provides a straightforward way to invest your money without needing to understand the complexities of investing. The platform takes care of everything for you, from personalized portfolio creation to rebalancing and tax optimization, ultimately making it easy for even beginners to invest confidently.

2. Tax Optimization

Betterment ensures optimal portfolio tax optimization. It minimizes portfolio turnover and invests in tax-efficient asset classes while avoiding any securities with high capital gains.

3. Low Fees

While minimal fees don’t necessarily or always mean the best investments, Betterment still provides a competitive low-cost pricing structure, with no minimum investment requirements.

Cons of Betterment

1. Limited Investment Options

Betterment focuses mainly on ETFs, which restricts investment options for some investors looking to invest in individual stocks or other assets.

2. Limited Customization

While Betterment provides an easy way to invest, some investors may find the platform limiting. You’re unable to invest beyond the offered options, pick individual securities, or engage in active trading or day trading.

3. No Personalized Advice

Betterment automates investing and doesn’t provide personalized investment advice. While personalized advice may not be necessary, investors looking for guidance may require more investment guidance than offered by the platform.

Is Betterment Worth It?

Betterment is a convenient platform that allows you to invest in a custom portfolio suited to your risk tolerance and investment preferences, providing optimized tax benefits at an affordable cost. The platform is ideal for beginners who want to invest without needing advanced knowledge and those who favor a hands-off approach to investing.

In conclusion, Betterment offers ease of use, tax optimization, and low fees, but with limited investment options and limited customization, Betterment may not provide the flexibility or range of assets required by some investors. Regardless, Betterment is a good investment platform, offering sound investment advice and guidance while delivering reliable returns for your money.