06 Jun Fund Your Embark Account with your Cash Reserve
Challenge:
Would you like to fund your Embark Investment account(s) with Betterment’s Cash Reserve?
Solution:
Utilize betterment’s Cash Reserve to make one-time or recurring deposits towards other goals
Steps to take:
1. Navigate to embark-invest.com and sign into your Embark account.
2. Select “Cash Reserve” on the left sidebar.
3. Click the “Transfer” drop-down menu in the upper right-hand corner and select “Transfer within Betterment”.
4. Click “Select Account” in blue and choose which goals-based account you want to fund.
5. Scroll down and choose how often you want this deposit to occur, and the amount of money
a. Recurring transfers are only available for taxable accounts, not retirement
6. Click the blue box that says “Review transfer”.
7. Confirm all information is correct and then submit
Note:
You are able to edit recurring deposits at any time by navigating to the goal that money is being transferred into. To do so, navigate to the overview page’s “Accounts” section. If you want to change any future transactions, just click the blue “Edit” and make those adjustments.
You can take advantage of dollar-cost averaging into your taxable investment accounts using your Betterment Cash Reserve, however this does not apply to your retirement accounts.
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Disclosures: Information contained herein is intended for informational, illustrative and/or educational use only and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purpose nor shall it be construed to be, nor should it be relied upon as individualized investment, tax or legal advice. ETF Model Solutions LLC. dba Embark (“Embark”) is not soliciting or recommending any action based on this material. This is neither an offer nor a solicitation to buy/or sell securities in any state or jurisdiction where Embark is not registered, or notice filed and does not qualify for an exemption from such registration and notice filing requirements. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that consider all of the particular facts and circumstances of the investor’s own situation. All investments involve risk and potential loss of capital and, unless otherwise stated, are not insured or guaranteed.
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ETF Model Solutions LLC. dba Embark (“Embark”) is registered as an investment advisor with the SEC. Registration does not imply a certain level of skill or training. A copy of Embarks’ disclosure documents, including Form ADV Part 3 (Client Relationship Summary), Form ADV Brochure Part 2, and Privacy Statement can be found on our website and are also available upon request.
Cash management, and other account services, including savings accounts, checking accounts, debit cards and other services may be offered by Betterment to Embark Clients. In these instances, Embark does not provide these services and does not receive any compensation nor shared fee revenue based on Client deposits in Betterment’s cash management or checking programs. Clients are not obligated to accept these services and are solely responsible for their decision to accept or decline these services. Clients that accept these services should review the Betterment Wrap Fee Brochure; a copy of the most recent version can be accessed on the SEC’s IAPD website at: https://www.adviserinfo.sec.gov/Firm/149117 (select “Firm” and type “Betterment LLC” in the search bar at the top of the page. Then click “Get Details” and Select “Part 2 Brochures”).
Diversification does not ensure a gain or prevent against loss in a declining market.
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