5 Questions: Roth IRA's, Investing 10K, and Using Acorns

Competition is heating up among the Robo-Advisors. We get a lot of emails asking which is better: Acorns vs. Betterment vs. Wealthfront so we broke down each of the services to see who deserves your investment.  The whole point of going with a Robo-Advisor is the ease of use. Based on the research, it’s highly unlikely you’ll outperform the market on your own. Better yet, if you tried to do it on your own, it would be much more expensive. For someone just looking to invest with the right service, it’s getting harder and harder to tell where you should put your money. Before we get started, I also wrote an incredibly in-depth Betterment Review, an equally detailed Wealthfront Review as well as interviewed the Acorns founders so if you’re looking to go even deeper check those out. In this article, I’ll be focusing more on the nuances of each service than the nitty-gritty features and how they work. Let the Robo-Advisor battle begin!     A Birds Eye View Every good investment comparison needs a sexy chart breaking down the differences. I’m not one to leave you wanting so bask in its glory:                     Promotions Students Invest For Free Up to 6 Months Free Invest $15,000 Free     Management Fees 0.25% a year 0.25% – 0.5% a year 0% – 0.25% a year     Minimum Deposit None None None     Automatic Rebalancing Yes Yes Yes     Tax Loss Harvesting No Yes Yes     Assets Under Management $73.6 Million $5 Billion $3.5 Billion     iOS App Yes Yes Yes     Android App Yes Yes Yes     Taxable Accounts Yes Yes Yes     IRAs Yes Yes Yes                     On paper they’re very comparable but as you know, the magic is in the details. In order to objectively compare Acorns vs Betterment vs Wealthfront I’ve come up with three main rounds the services will battle in to win your investment.   Round 1: Ease of Use and Sex Appeal Acorns has a beautiful app and a beautiful website. It’s one of the best-designed apps on my phone by a long shot. I’m of course not the only one to notice