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How to buy mutual funds & ETFs from Thrivent

We’re delighted you’re considering our funds. No matter how you buy, we’re here to help you invest with confidence.

Buy mutual funds online through Thrivent Funds

To buy mutual funds you can open an account and purchase funds right on our site.

Why buy online?

  • Set up an account starting with as little as $50 per month1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

 

Buy funds through your financial professional

Need more guidance? Interested in an ETF? Ask your financial professional about Thrivent Mutual Funds and ETFs.

Why work with a financial professional?

  • Receive investment help from an experienced professional.
  • Build a relationship through in-person meetings.
  • Get help planning for life’s goals such as saving and retirement.

Additional fees may apply, when working with a financial professional.

 

Buy through your brokerage account

Our mutual funds & ETFs can be purchased through online brokerage platforms. Search for Thrivent Mutual Funds and ETFs when making your selections.

Why buy through a brokerage account?

  • Add Thrivent Mutual Funds and ETFs to your investments within your existing portfolio.
  • Take advantage of your account to keep your investments in one place.

Additional fees may apply.

 


Not quite ready?

We want you to invest your money wisely and with confidence. Here are some other options that may help you.

  • Determine your personal investment style by taking our quiz.
  • Talk to your financial advisor about ETFs.
  • Sign up for our monthly investing insights newsletter.

 

Need more help?
  • For mutual funds help, call us at 800-847-4836, or email contactus@thriventfunds.com.
  • For ETFs, contact your financial professional or brokerage firm.
  • For additional help visit our support page.

 

This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. Expand for more info.
  • You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
  • The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.
  • These additional risks may be even greater in bad or uncertain market conditions.
  • The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.

New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.

Thrivent ETFs may be purchased through your financial professional or brokerage platforms.

Contact your financial professional or brokerage firm to understand minimum investment amounts when purchasing a Thrivent ETF.

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Gene Walden
Senior Finance Editor

LIFESTYLE

How to choose a 529 Educational Savings Plan

a couple riding bikes through a park
07/26/2022
By Gene Walden, Senior Finance Editor | 07/26/2022

If you’re thinking of helping your children or grandchildren with education expenses, a 529 Educational Savings Plan may be an option well worth considering.

These plans are sponsored by states or educational institutions and let you set up an investment account to either pre-pay tuition costs at eligible colleges and universities, make after-tax contributions (known as a college savings plan), or for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. Either way, these investment accounts are designed specifically for the qualified educational expenses of the child or future student, who is the beneficiary. 

Prepaid tuition plans: Most of these plans are sponsored by state governments and require state residency for eligibility. When you open a pre-paid 529 account, in most cases, the money you contribute is converted to units or credits to be used in the future at participating colleges and universities. The credits may be used to cover tuition costs and in some cases, room and board.

College saving plans: Money contributed to these state-sponsored plans is not deductible from your current federal taxable income, but earnings within the plan are tax-deferred and may be tax-free when withdrawn if that money is used to cover eligible higher education costs. Many states also offer state income tax benefits, matching grants or other benefits when you invest in one of these plans from your state of residence.  

Finally, those who invest in a college savings plan typically have the option to invest in their choice of several investment portfolios offered by the plan and are permitted to change their investment option once per year (investments in college savings plans that invest in mutual funds and similar investments are not guaranteed by state governments and are not federally insured).

Be aware that regardless of whether you establish a prepaid tuition plan or a college savings plan, it will impact financial aid. It will vary depending on who is the owner of the 529 plan. Financial aid rules change frequently, and schools can set their own rules for their own scholarships, so it’s important to continue to monitor the guidelines.  

The following chart outlines some of the major differences between prepaid tuition plans and college savings plans:

Differences between prepaid tuition plans and college savings plans

Prepaid tuition plan

College savings plan


Most plans allow you to prepay tuition at eligible public and private colleges and universities at today's price.

No lock on college costs.


All plans cover tuition and mandatory fees only. Some plans allow you to purchase a room and board option or use excess tuition credits for other qualified expenses.

Covers all "qualified higher education expenses," including:

  • Tuition
  • Room and board
  • Mandatory fees
  • Books, computers (if required)

Most plans set lump sum and installment payments prior to purchase based on age of beneficiary and number of years of college tuition purchased.

Many plans have contribution limits with a range of $300,000 to $400,000.


Many state plans are guaranteed or backed by state.

No state guarantee. Most investment options are subject to market risk. Your investment may make no profit or even decline in value.


Most plans have age/grade limit for beneficiary.

No age limits. Open to adults and children.


Most state plans require either owner or beneficiary of plan to be a state resident.

Most plans do not have a residency requirement. However, nonresidents may only be able to purchase some plans through financial professionals or brokers.


Most plans have limited enrollment period.

Enrollment open all year.

Source: An Introduction to 529 Plans, SEC.gov

 

Withdrawals

While prepaid tuition plans are restricted for use with costs specific to the colleges or universities which sponsor the plans or in the states that sponsor the plans, withdrawals from college savings plans can generally be used at any eligible college or university. College savings plans may also be used to cover the cost of the purchase of most computer technology or related equipment and services, such as Internet access. However, if you withdraw money from a college savings plan and do not use it on an eligible college expense, you will typically be subject to income tax and an additional 10% federal tax penalty on any earnings. The distribution may also be subject to state tax, depending on your state of residence. 

In addition to college expenses, $10,000 can be used in connection with annual expenses for tuition and enrollment at an elementary, secondary public, private or religious schools. 

Additional changes were made to the plans after the Congress passed the SECURE Act, which was signed on Dec. 20, 2019.

Under Section 302 of the act, plan holders can now:

  • Use their 529 accounts to cover expenses related to any registered apprenticeship program attended by the beneficiary. This includes any additional costs such as fees, equipment, books, and other supplies.
  • Withdraw up to $10,000 from their plan to pay down qualified student loans penalty-free—with conditions. The first is that the $10,000 maximum is a lifetime limit for a beneficiary and each sibling. This means a family with two children can take out a maximum of $20,000 to pay down their student loans. Secondly, plan holders cannot claim any student loan interest deductions paid with this money.

Contributing to a 529 plan

Anyone may set up a 529 plan and name whomever they wish as the beneficiary — a relative, a friend, or even yourself. There are no income restrictions for the contributor or the beneficiary.  

Total contributions may not exceed the amount necessary to provide for the qualified education expenses of the beneficiary. Contributions to the plan are also considered “gifts” for federal income tax purposes. Although the current amount that you can give to any one person is $16,000, you’re allowed to pre-pay up to five years’ worth of gifts to a 529 plan, or currently $80,000 without incurring the federal gift tax. 

If all of the money in the 529 plan is not used, you have the option to change the beneficiary to another member of the family1 with no tax consequences. Once a year, you can roll the assets into another plan for the benefit of the same beneficiary or for the benefit of a member of the beneficiary’s family. 

Setting up a 529 plan

If you’re interested in 529 plans for your children or grandchildren, the Securities and Exchange Commission website has more information. If you’d like help with your research, you may want to talk with a Thrivent financial professional. If you’re curious about other educational savings options, make sure to check out our Coverdell Education Savings Accounts (CESAs) or Uniform Transfers to Minors Act accounts (UTMAs), which you can conveniently open online.


Qualified family members include the designated beneficiary's spouse, son or daughter, or a descendant of the beneficiary's son or daughter; the beneficiary’s stepson or stepdaughter, brother, sister, stepbrother or stepsister, father or mother, or ancestor of either parent, stepfather or stepmother, niece or nephew, or aunt or uncle – as well as the spouse of any of those individuals, including the beneficiary's son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law or sister-in-law.

The information provided is not intended as a source for tax, legal or accounting advice. Please consult with a legal and/or tax professional for specific information regarding your individual situation.

Thrivent financial professionals are registered representatives of Thrivent Investment Management Inc., an SEC-registered investment adviser, a broker/dealer, and a member FINRA/SIPC. Thrivent Investment Management Inc. is a subsidiary of Thrivent.

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