Robo-advisors make a compelling case for retirement savings and investments, and they don’t fall short during retirement. In fact, using a robo advisor in retirement maybe even more useful than before you are ready to retire, particularly with simple investment management and automatic withdrawals.
Based on our review, Betterment is the best robo advisor for retired individuals looking for a low-cost investment management service that will pay them on a regular schedule, just like payday. If you’re not sure about robo advisors but don’t want to pay lots of fees to a financial advisor, then check out Farther. This digital fiduciary can help you invest for a clear, set fee. You get access to a financial advisor, as well a personalized investing strategy.
If you are comfortable with a computer controlling your investments, there is no reason to skip out on letting a robo advisor manage your retirement (here’s the list of the best robo advisors out there). Then you can get back to the important things like fixing your golf game or planning your next trip to see the grandkids. Whatever you want to do, you won’t have to waste time managing your investments.