Goals
A goal type that a customer should use if their saving for a new jacuzzi
What is Major Purchase?
A transfer method that requires an external account sync or statement review
What is an ACAT?
A Betterment tax feature that cannot provide any benefit for an IRA or 401(k)
What is TLH?
Software that allows the exchange of sensitive documents via a secure link
What is Sendsafely?
The only goal type that allows a customer to hold multiple account types within it
What is Retirement?
A fancy type of notary signature provided by financial institutions
What is a Medallion Signature Guarantee?
A Betterment tax feature that gives a conservative estimate of the implications for a specific transaction (usually a withdrawal or allocation change)
What is TIP?
A tool that is useful for sharing private notes, such as passwords, account numbers or SSNs?
What is privnote?
An goal type that cannot make use of auto-adjust, as it's recommendations are not based on a time horizon
What is Safety Net?
Known as a dead-end account, this account type can only be transferred into an account of the exact same type
What is a Roth IRA?
A tax document that is not required to file taxes, but sure is useful!
Quick! What pieces of information do you need to verify with a bank for BAERF? Name 3
Account #
Routing #
The customer owns the bank account
A goal type that can be used as an alternative to a 529, but that does not have the same tax-advantages
What is Education?
A transfer that requires a notary signature for balances of $0 to $250k
What is an Outbound Taxable?
Double Jeopardy! A Betterment feature that can make outbound direct IRA transfers a taxable event
What is TCP?
This can be generated under the security tab of a customer's dashboard to assist with integrating their Betterment account at other firms
What is an App Password?
A goal type that allows a customer to "edit assumptions" and change things like expected social security benefits
What is Retirement?
A method of transfer via push rather than pull
What is DTC?
Double Jeopardy! A Betterment tax feature that can monitor account activity across multiple user's accounts
What is TLH?
This can be used in place of a text message or phone call, for account access
What is an authentication code/authenticator?