Mom’s IRA seems to be depreciating in value

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Hi Reddit,

My mom is almost 60 and has very little savings in retirement. I put some of it in a Betterment Traditional IRA, but it seems to be decreasing in value.

The forecasts for 5 years from now seem to just be decreasing as well. I put in $4000, and the projected balance is $3,858 5 years from now.

The allocation is 65% stocks, which was what was recommended and it’s supposed to auto-adjust and portfolio strategy is Betterment Core.

What should I do? Should I change the allocation? Should I contact a financial advisor on her behalf? If so, where should I contact one? I’m a bit stressed because she gave me the responsibility of handling her life savings…

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Posted: 3 years ago
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