It'll have some great text, and some links to follow. Betterment is composed of two entities: Betterment Securities (which is an SEC-registered broker) and Betterment LLC – an SEC registered advisor. Betterment feels like overhead. In the mean time, to keep you interested & start making progress, I think putting your money into Betterment is a perfectly fine idea. Keeping with this advice, an after-tax brokerage account is one of the last things you set up for yourself. Betterment requires no minimum balance and charges a 0.25% annual fee, or about $25 per year for every $10,000 invested, for a regular digital account. But if you're JUST using Vanguard to run a lazy portfolio without tax loss harvesting, auto rebalancing or taking tax implications into account, Betterment MIGHT be good for you. Customers gain access to a number of special features including tax-optimized portfolios, goal-based investing, and their retirement planning suite, which provides investment guidance before and after retirement - or whenever you hit FI. With the Betterment Digital plan, the fee is 0.25% (AUM) on all money invested up to $2,000,000 with 0.15% fees above that amount. Now it greatly depends on your expenses, but I'm going to guess that $200k won't be enough to let you retire. If you are charged a fee by another bank's ATM or the 1% Visa fee for using your debit card abroad, Betterment reimburses those fees. I don't know much about it so I don't know that I'd use it, but it looks interesting and might be worth their additional fee. M1's forte is automated investing, without advice. You’ll have access to Betterment’s online tools and resources, and once you hit $2 million in your account, these fees drop to 0.15%. But I'm not too familiar with investing, and was hoping you guys could help. Betterment is not a bad option, but you should understand what you are doing. I plan to do some more research on it, but may just put some $$ in there and see how well it does vs. my own choice of funds. Is Betterment worth it for me right now? We make money from merchants when you use your Visa debit card. You should have an emergency fund with several months of expenses available in a savings account. I opened this roth specifically so I would be less inclined to withdraw any of the money. If you do, it's not worth it for you. Betterment Digital. A middleman. The portfolio is basically the three-fund portfolio, just chopped up a little more into more specific segments. Betterment's goal is to put you in a very broadly diversified basket of ETFs and earn you a reasonable return. Minimum Balance $0. Having 100% of your money invested in the US is called "home country bias" and if you're interested you can read articles about why it's a problem on Betterment's website and elsewhere. I opened it with $100 and have deposited $100 every month which means i have invested $2400 of my own money with no withdrawals. There really is some easy math to help you figure out how much you need to save to be able to retire: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/, As a student, I hope you'll eventually be making more than you're making now. Betterment’s robo advisor plan charges a 0.25% annual fee, which is the same as what Wealthfront charges. It has no account minimums, recurring fees, or even overdraft fees. Total Stock Market, Total International Stock Market and Total Bond Market funds, pay the normal Vanguard fees and not pay Betterment the .25%. Simply Put: Betterment is a low-cost automated investing service. I have a Betterment Traditional IRA that I use to backdoor convert into a Betterment Roth. Original review: Dec. 2, 2020. No minimum investment; Provides access to a live financial advisor; Cons. Betterment appears to have eliminated the Plus account and renamed it the Premium, lowering the Premium fee down to 0.40% from its previously 0.50% fee. Having a Roth and taxable account linked at Betterment adds a nice feature. read Modern, tech-driven platforms like Stash and Betterment have grown in popularity recently with low fees, simplicity, convenience, and intuitive apps and interfaces, especially among young, new investors. For Cash Reserve ("CR"), Betterment LLC only receives compensation from our program banks, and Betterment LLC and Betterment Securities do not charge fees on your CR balance. Betterment’s phone support is non-existent, and email support response, after a lot of back and forth, was in essence, “Oh, well”. Betterment is recommended for USA customers looking for low fees, easily personalized investment portfolios, and user-friendly investment platforms. Thank you so much. OP is a student. Betterment offers a discounted fee on assets over $2 million, dropping the digital fee to 0.15% per year on the portion of the balance that exceeds $2 million. The freedom not to work or actively seek ways to make money without worrying about how to cover the cost of living. To date the value of the account is $2396.04, for a two year gain of -$4.09. by Amelia Josephson Updated May 04, 2020 . Its not really a good sign when you would be better off just putting your money in a regular savings account. App Store users are not required to be Betterment clients to rate the app. This is the first time ive used reddit for something like this and its been very nice being able to see different viewpoints and support. You'll know a lot more after you read. 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