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Furloughed government employees pulling money from Betterment accounts

By Ryan Neal

Andrew Westlin, one of the firm’s human certified financial planners, said it wasn’t a huge spike, but definitely enough to attract the company’s attention.

“Emergency savings or reserves can only last for so long,” Mr. Westlin said. “If you’ve exhausted your emergency savings, or didn’t have an adequate amount to being with, what’s your next best option?”

To help government employees,¬†Betterment is offering¬†15-minute consultations with its financial planning staff, free of charge. They don’t need to be current Betterment customers or have any money invested with the robo.

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This article originally published January 25th, 2019 on InvestmentNews