Using Robo Advisor Services on Betterment to Beat Inflation With a Bond Portfolio
Inflation is currently at the highest rate in 30 years. To find the best investments to help beat the current 6% inflation rate, you may want to consider getting some outside help. Today, investment platforms such as Betterment offer robo advisor services to help you set up a bond portfolio that can help your investments beat the current inflation rate. Here, we will learn about to get started with a robo advisor account on Betterment.
What is Betterment?
Betterment is an automated investing service that matches your goals with a robo advisor service. This is the ideal investment platform for those who don’t have the inclination or the time to sift through the thousands of available investments. You can start off with a small amount of money and put it to work through Betterment’s available robo advisor services.
What is Robo Advisor Service?
A robo advisor service is an automated investing service that allocates your investments into companies, bonds, funds, or assets that can best meet your goals. For instance, if your goal is to retire in 30 years, a robot advisor service will automatically place your money into investments that can help meet your goal. Over time, the robo advisor service will adjust the allocation of the funds to better meet the stated goal.
How Can a Bond Portfolio Help You Beat Inflation
There are a number of ways that bonds can help you beat inflation. For one, you can invest in short-term bonds which will have higher yields to keep up with the latest rise in inflation. Additionally, there are inflation-protected bonds known as TIPS with can protect your investment no matter where the inflation rate goes. Finally, there are municipal bonds which are usually free of Federal taxes that can help you keep the majority of your capital gains from your bond investment.
How to Get Started With Protecting Your Money From Inflation With Betterment
If you would like to protect your money from the specter of inflation, then you should take the following steps to open a Betterment account and enrolled in the right robo advisor plan.
1). Open a Betterment Account
Go to the Betterment site and open an account. There is no minimum required investment in order to keep your account open.
2). Deposit Your Funds
You can deposit your funds into your Betterment account using a bank transfer. You will need to submit your bank routing information as well as your checking account number. You also have the option to transfer or roll over your IRA or 401K account.
3). Choose a Robo Advisor
Finally, you will need to choose a robo advisor to help meet your investing goals. On Betterment, you will be asked a series of questions about your investing needs. From there, the Betterment platform will make recommendations on where to allocate your funds.
Staying Ahead of Inflation with a Professional Robo Advisor Service
Betterment is the ideal choice for those who want to meet certain investment goals such as beating inflation. With Betterment’s robo advisor’s services, reaching your inflation-beating goals are easier than ever. Learn more about Betterment’s robo advisor services on their official site.
REFERENCE:
https://www.betterment.com/resources/how-robo-advisors-guide-your-investing
