Build Wealth On Your Terms
Whether you're self-employed, just starting out, or consolidating an old employer plan, Betterment can help you save for the future.
Retirement and investment plans that move with you
401(k)s and IRAs for the self-employed, too.
Enroll TodayPaid non-client. Views may not be representative. See App Store & Google Play reviews. Rate is subject to change. Learn More.
Benefits Summary
- High-limit retirement plans for freelancers, founders, and the self-employed.
- Traditional, Roth, or SEP IRAs — we help you pick the right one and manage the portfolio.
- High yield cash accounts that keep your money liquid, insured, and earning.
About this provider
Invest In Your Future
Freelancers don’t have employer-sponsored retirement plans—but that doesn’t mean they should fall behind financially. Betterment offers retirement and cash management options designed for self-employed professionals, helping you build long-term security no matter how you work.
Betterment has Solo 401(k), IRAs, and High Yield Cash Accounts all available for enrollment, with help to decide which plan (or plans) is right for you. Invest in a way that feels sustainable to you now, setting yourself up for a future where you’re comfortable later. Freelancing might be unpredictable, but it doesn’t have to be precarious.
Saving & Retirement
Tax-advantaged retirement accounts, plus a high-yield cash account
A high-limit retirement plan for freelancers, founders, and the self-employed.
- Contribute up to $72,000 in 2026 as employer and employee
- $100 annual platform fee waived for 2026
- Choose Roth or traditional – no income limits on Roth
- Add a spouse to the plan at no extra cost
Traditional Roth or SEP – We help you pick the right one and manage the portfolio.
- Tax breaks that let money grow and compound faster
- Automated trading, rebalancing, and dividend reinvisting
- $5/month or 0.25% annually
- A plan that adjusts automatically as life changes
- Moving $20k? Talk to a licensed specialist
- Earn up to $2,000 when you open and fund an IRA. Terms Apply*
Cash Reserve keeps your money liquid, insured and earning
- New customers earn a 4.25% Annual Percentage yield (variable) through Feb 15, 2027 with a qualifying deposit**
- No management fees on cash and minimum balance – starts with as little as $10
- FDIC Insurance on eligible cash up to $4M individual / $8M joint through program banks, subject to certain conditions
- Unlimited withdrawals – no caps on accessing your own money
- Set up multiple savings goals and monitor your progression
* Terms apply. Investing involves risk. Perfomarce not guaranteed
**Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. Learn More. Annual percentage yield (variable) is 3.50% as of 9/21/2026, plus a 0.75% boost (“APY Boost”) on balances up to $1M for new clients with a qualifying deposit. $10 min deposit for base APY. Terms apply; if the base APY changes, the Boosted APY will change. FDIC insurance provided by Program Banks, subject to certain conditions. Up to $8M (jt.)/$4M (ind.) applies to eligible cash.
Why We Partnered with Betterment
Betterment
At Betterment, our mission is to empower people to build wealth with confidence and ease. We do this by combining innovative investing technology with expert guidance and support across investing and savings, a 401(k) for growing businesses, and an all-in-one custodian built for independent RIAs.
Why buy insurance with freelancers union
Where you buy insurance
Actually matters
- When you purchase a plan through Freelancers Union, we get a small commission at no extra cost to you
- These funds help us continue our work advocating for and supporting freelancers around the country
- Partnerships also help us ensure that we're finding the best plans and discounts for our members
Find coverage today
Find affordable plans today
Additional Options for Freelancers
THE FINE PRINT (LAWYERS MADE US DO IT)
Freelancers Union, Inc. (FU) is not a licensed insurance agent. Freelancers Insurance Agency, a wholly owned affiliate of FU, is a licensed producer in the lines of Property and Casualty insurance in New York, Pennsylvania, New Jersey and California only. FIA contracts with Hiscox Inc., a nationally licensed insurance producer. Other than New York, Pennsylvania, New Jersey and California, Hiscox is acting as the insurance agent of record. You should consider your needs when selecting products. FU does not make specific product recommendations for individuals. Each insurer has sole responsibility for its products.
The information on this Website about insurance benefits is a summary of applicable terms and conditions that is provided for general informational purposes only. The terms of any insurance products are governed solely by the applicable Member Contract or Policy Form. In the event of any inconsistency between information provided on this Website and the specifics provisions of the Member Contract provided by the carrier, the carrier’s Contract shall govern.
IRA contributions are limited to earned income and subject to contribution limits. Betterment does not provide tax advice.