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Thrivent Mutual Funds’ 2016 Investor Mindset Report is a national study, which focuses on understanding investors’ financial priorities, and provides insights based on location, generation and gender. 

Thrivent Mutual Funds’ Report summarizes findings from national survey participants across six key U.S. cities to provide an insider’s view into current investor’s mindsets at the regional and national level. Those cities include:

Research concludes that despite a rebound in the U.S. stock market, falling unemployment, and improvements in home sale prices, consumers have many concerns about saving for retirement.

Our infographic illustrates key national survey findings.

Highlights from Thrivent Mutual Funds’ national survey reveal that:

  • The top financial priority for the national survey respondents was saving for retirement, followed by paying off debt and saving enough money to keep their family afloat through tough times.
  • Respondents said their biggest fear regarding retirement was running out of money. Their second greatest concern was the increasing cost of health care.
  • While U.S. baby boomers and Gen Xers are more worried about the rising cost of health care, nearly one in six millennials is concerned about being able to ever retire.
  • U.S. baby boomers and Gen Xers are more likely to focus on saving for retirement, while millennials are more likely to make paying off debt their number one priority. 
  • Baby boomers are the generation most concerned about the increasing cost of health care, while nearly 40 percent of Gen Xers and about one-third of millennials fear running out of money in retirement. 

Top Financial Priorities of Survey Respondents 

National Survey - Top Financial Priorities

Read the Investor Mindset Report Executive Summary for more insights

View Report

“Though saving for retirement is a clear financial priority, many people have feelings of guilt over not being able to save enough for their future and others wonder if it is even attainable. Another area of concern is that health care costs continue to increase at a greater rate than inflation. Given the increase in life expectancy, the loss of pensions and other defined benefit plans, and rising health care costs, it is more important than ever to establish retirement goals and start saving early.

To maximize your retirement savings, keep in mind that asset allocation and diversification can help you navigate your investments and the periodic changes in the financial market. There are many flexible investment options to consider, in order to meet your financial needs and feel confident about your retirement plan.”

David Royal, president, thrivent mutual funds

David Royal, President, Thrivent Mutual Funds


Retirement Planning Tips from Thrivent Mutual Funds:

  • Know what investment options are available to you.
    • Asset allocation funds are a group of all-in-one funds with diversified portfolios of stocks and bonds. These funds are all about long-term growth within your risk tolerance (from aggressive to conservative). They’re a great option to consider to grow assets for retirement, education, a down payment on a house, or many other financial goals.
  • Traditional and Roth IRAs are both great tax deferment vehicles. Roth IRAs are also a good investment when younger, as you can potentially take advantage of tax-free growth of your investment portfolio to help save more over the long term.
  • Given increased life expectancy, growth funds like Income Plus Funds can help investors generate income well into retirement.
  • For those with a financial surplus, consider giving to kids or charities, or putting your money into municipal bonds (income may be tax free), a life insurance product or a Roth IRA.

 

 

Read The Entire Executive Summary

View Report
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This article is not intended as a source for tax advice. Work with your tax professional for additional information.

The concepts in this article are intended for educational purposes only and are not intended to recommend any particular strategy.

About the Study: ORC International, a global business intelligence company, conducted the Thrivent Mutual Funds survey among 3,400 respondents ages 25-64. Invitations to participate in the study were sent on July 27, 2016, and data collection continued through August 7, 2016. For more information about this study, please visit www.ThriventFunds.com

Some states have not yet adopted the federal rules governing the tax treatment of Roth IRAs and there may be conflicts between federal and state tax treatment of IRA conversions. Consult your tax professional for your state's tax rules.

Thrivent Income Plus Funds primarily invests in investment-grade corporate bonds, government bonds, asset-backed securities and mortgage-backed securities. The value of the Fund is influenced by factors impacting the overall market, certain asset classes, certain investment styles, and specific issuers. The Fund may incur losses due to incorrect assessments of investments by its investment adviser. Bond prices generally fall as interest rates rise. Credit risk is the risk that an issuer of a debt security may not pay its debt, and high yield securities are subject to increased credit risk as well as liquidity risk. The value of mortgage-related and other asset-backed securities will be influenced by the factors affecting the housing market and the assets underlying such securities. Foreign investments involve additional risks, including currency fluctuations, liquidity, political, economic and market instability, and different legal and accounting standards. The prices of futures contracts can be highly volatile and the loss from investing in them can exceed the initial investment. Dealer inventories of bonds are at or near historic lows in relation to market size, which has the potential to decrease liquidity and increase price volatility in the fixed income markets.