Uber Partners With Betterment to Help Drivers Save for Retirement
By Zoe Henry
Uber drivers may not count as full-time employees, but soon they’ll be able to create retirement accounts and receive automated investment advice for free.
On Wednesday, the ride-sharing giant announced its new partnership with Betterment, an automated wealth manager. Starting today, drivers in Seattle, Chicago, Boston, and New Jersey can access Betterment’s online platform, where they can sign up for either a traditional or Roth IRA (Individual Retirement Account). They can subsequently add other taxable accounts to reach specific goals, for instance, to help save for a car of their own.