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Thrivent market & economic update [VIDEO]
Understanding the economy and managing market fluctuations
Understanding the economy and managing market fluctuations
06/28/2022
RETIREMENT PLANNING
Close your eyes and picture your retirement. Are you traveling? Living in your dream cottage by the lake? Enjoying hobbies with friends and family? Sounds great, right?
While it is impossible to know exactly what the future will bring, it is never too early to prepare for life after you leave your day job behind. And with average life expectancies steadily increasing in the U.S. (now estimated at 79 years1), you need a plan that will last you well into your golden years, so your money can live on as long as you do.
To determine what type of retirement you want, ask yourself the following questions:
Answers to the above questions will help you determine what your income need will be in retirement. This will then help you determine how much retirement savings you’ll need before you leave that day job.
Though certain things are out of your control—like market volatility, inflation, and unexpected life events—there are investment strategies to help you weather the uncertainty and make your retirement savings last.
Thrivent Mutual Funds offers a range of asset allocation funds that allow you to match your risk tolerance to a grouping of well-diversified mutual fund options.
Whether your retirement is years away or coming up soon, knowing your options and having a plan can make all the difference. Thrivent Mutual Funds offers a range of retirement accounts and mutual funds to help you craft the retirement you want.
1 Life Expectancy at Birth, total (years). Worldbank.org
2 Earnings may be withdrawn without taxes or penalties if your Roth IRA is at least five years old AND: you are buying or building your first home ($10,000 limit), you reach age 59 ½, you are disabled, or are the beneficiary of the IRA.
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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