How to buy mutual funds from Thrivent

We’re delighted you’re considering Thrivent Mutual Funds. No matter how you buy, we’re here to help you invest with confidence.

Buy online through Thrivent 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 through a financial professional

Need more guidance? Ask your financial professional about Thrivent Mutual Funds.

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 an investment account

Our funds can be purchased through other online brokerage platforms. Search for Thrivent Mutual Funds when making your selections.

Why buy through a brokerage account?

  • Add Thrivent Mutual Funds to 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.


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1 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. $50 a month automatic investment does not apply to the Thrivent Money Market Fund or Thrivent Limited Maturity Bond Fund, which have a minimum monthly investment of $100.

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Gene Walden
Senior Finance Editor


Benefits of Roth IRAs go well beyond retirement

By Gene Walden, Senior Finance Editor | 11/17/2020

Roth IRAs (Individual Retirement Accounts) are often touted for their tax-advantaged retirement savings benefits, but your Roth IRA can serve as a handy financial resource well beyond retirement savings.

For instance, you can use a Roth IRA to help pay college expenses for your children, to make a down payment for a home, or to serve as an emergency fund for unexpected expenses. But, of course, the primary benefit of a Roth IRA is the contributions you make grow tax-deferred.  

When you take a withdrawal, your contributions come out first, and can come out anytime for any reason, tax and penalty free. Conversions and rollovers are second with the taxable portion coming out first followed by the non-taxable portion. Earnings are withdrawn after that.

Tax considerations

The earnings may be subject to tax and penalty, unless the distribution meets the definition of a “qualified withdrawal.”  In order to be a qualified withdrawal, you must have had a Roth IRA for at least five years and the distribution must meet one of these four requirements: 1)  You are over age 59 ½, 2)  disability, 3)  first time home buyer’s exception or 4)  distributions to a beneficiary after your death. Learn more about qualified withdrawals.

For example, if you are age 50, you’ve contributed $50,000 to a Roth IRA, and you’ve earned $20,000 in investment returns, you could withdraw up to $50,000 without tax or penalty. You would be taxed and possibly subject to an early withdrawal penalty on any withdrawals beyond that, unless it was a “qualified withdrawal.”

It’s also important to understand that these withdrawals are not considered loans. However, if you find that you don’t need the withdrawal, you would have 60 days from the date of the distribution to roll the dollars back into the original Roth IRA or over to another Roth account under your name. You are only allowed one rollover in a 12-month period for all IRAs that you own.  

Differences between Roth and traditional IRAs

While both a traditional IRA and a Roth IRA offer tax-deferred growth within the account, there are some important difference between the two.

The biggest difference is in the tax treatment of contributions and distributions. With a traditional IRA, contributions may be tax-deductible from your income for the current tax year – thus typically lowering your current year’s taxable income – but your distributions would generally be taxable. 

By contrast, Roth IRA contributions are made with after-tax dollars and would not be deductible on your current year’s taxes. But, as noted, your qualified withdrawals would be tax-free. The money would grow tax-deferred in your account and be withdrawn tax-free.

In addition to its retirement savings benefits, a Roth IRA can also be used to help fund some of life’s other financial milestones:

Educational funding

Many parents set up 529 or Coverdell Educational Savings plans to help fund their children’s college costs, but there may be some advantages to using a Roth IRA for the same purpose. For instance, you could withdraw your contributions (the principal), for this purpose.  In addition, if you also withdrew the earnings you would be subject to income tax on the earnings, but the 10% early withdrawal penalty doesn’t apply because qualified higher education expense is a penalty exception. Qualified educational expenses include such costs as tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution.

However, because of the contribution limitations of a Roth IRA, you may not be able to put away enough money to cover four years of college costs. On the other hand, most 529 plans have contribution limits well in excess of $300,000, giving contributors the ability to cover most, if not all, of their child’s college costs. (See: How to Choose a 529 Educational Savings Plan)

With 529 plans, if your child doesn’t use the money for education – and you don’t have another qualified family member to transfer the 529 funds to – once you start withdrawing the funds, you would typically be responsible for paying income taxes on the investment gains within the account, and you would be assessed an additional 10% penalty tax for using your 529 savings for non-qualified expenditures.

With a Roth IRA, if your child doesn’t need funding for higher education, you can keep the money in the account until you’re ready to withdraw it.

Buying a home

If you would like to buy a home, you may consider using your IRA as a source for part of the down payment. First time home buyers – defined as those who have never owned a home or have not had a financial interest in a home during the past two years – have a one-time option to withdraw up to $10,000 from an IRA to use as a down payment without penalty. Your spouse can also withdraw up to $10,000 from his or her IRA for the down payment. 

The rule applies to both Roth IRAs and traditional IRAs, although there are differences in how the rule applies. While both types of IRAs may be used without being subject to the 10% early withdrawal penalty tax, traditional IRA holders would have to pay income taxes on the withdrawal. 

Roth IRA holders can withdraw the money they’ve contributed tax and penalty-free. In addition, if it’s been at least five years since the Roth IRA was established, a distribution of earnings, up to $10,000 as a first-time home purchase, is considered a “qualified distribution” from the Roth and is not subject to tax or penalty. If it has not been five years since you established a Roth IRA, then the distribution is not a “qualified distribution” and the earnings would be subject to income tax, but not subject to the 10% early withdrawal penalty. Read Avoiding Tax Penalties on IRAs for details. 

Emergency fund

Since you are able to withdraw your contributions from your Roth IRA at any time without tax or penalty, a Roth IRA can be used as a back-up fund to cover unexpected costs, such as medical care, costly repairs, and family emergencies.

Roth IRA contribution rules and limits

Here are some of the most important rules and contribution limits to help you get the most out of your Roth IRA. Visit for more details.

How much can I contribute?

The Roth and traditional IRAs have the same contribution limits.  For the 2020 and 2021 tax years, you can contribute the lesser of $6,000 or your earned income. If you’re 50 or over, you can contribute a total of $7,000 (or up to your earned income).  If you contribute to both a traditional and a Roth IRA, your total contributions cannot exceed your contribution limit. 

Can my spouse contribute?

Your spouse can also contribute as long as you have sufficient combined earned income. For instance, if you’re both under 50, you and your spouse could each contribute up to $6,000 for the 2020 and 2021 tax years if your combined earned income is at least $12,000. (If you’re both over 50, the higher limits would apply.)

Are there age restrictions?

Individuals had been prohibited from contributing to a traditional IRA after reaching the age of 70½ — even if they were still working. The SECURE Act, which was enacted in 2020, repeals that provision, allowing working individuals to continue to contribute to their IRA for as long as they have earned income. The provision applies to contributions that are made for taxable years after December 31, 2019.

The law does not affect Roth IRAs, which have no age restrictions for contributions. You are not required to take withdrawals from your Roth IRA during your lifetime. Although non-spouse beneficiaries are subject to Required Minimum Distributions (RMD), they would typically be tax-free if a “qualified withdrawal,” and a spouse beneficiary could roll the assets to their own Roth IRA with no RMDs required.

Are there upper income restrictions?

There are upper income restrictions to be eligible to contribute to a Roth IRA – unlike a traditional IRA, which carries no upper income limitations. 

For a Roth IRA, single filers must have a Modified Adjusted Gross Income (MAGI) under $139,000 for tax year 2020 and under $140,000 in 2021. Contributions would be reduced on a sliding scale with MAGI between $124,000 and $139,000 for 2020 and between $125,000 and $140,000 for 2021. 

Married couples filing jointly must have MAGI under $206,000 in 2020 and under $208,000 in 2021. Contributions would be reduced on a sliding scale with MAGI between $196,000 and $206,000 in 2020 and between $198,000 and $208,000 in 2021.

See more details on Roth IRA income restrictions.

When should I make contributions? 

Contributions can be made to your Roth or traditional IRAs at any time during the calendar year, and as late as the due date for filing your tax return (which is usually on or around April 15 of the following year). (See: Contributing Earlier to Your IRA Can Make a Big Difference Over Time)

Do I have to contribute one lump sum, or can I contribute throughout the year?

You can make contributions as a lump sum, or periodically. You can also set up an automatic monthly contribution plan that withdraws a set amount of money each month from your bank account and invests it in the mutual fund or funds of your choice within your IRA account. 

What if I have a (401k) plan at work?

If you already have a (401k) plan or another type of retirement plan at work (such as a pension, profit-sharing SIMPLE or SEP plan), you may be able to contribute to a Roth IRA if you are under the income ceiling or a traditional IRA (deductibility may be limited).

Open a Thrivent Mutual Funds Roth or traditional IRA today.

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.

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