Tax day is April 15, 2021. Visit the Tax Resource Center to help you prepare.

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.

 

Need more help?

Call or email us.
1-800-847-4836

M-F, 8 a.m. – 6 p.m. CT
Say “ThriventFunds.com” for faster service.
Contactus@Thriventfunds.com or,
Visit our support page

 

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.

Now leaving ThriventFunds.com

 

You're about to visit a site that is neither owned nor operated by Thrivent Mutual Funds.

In the interest of protecting your information, we recommend you review the privacy policies at your destination site.

Gene Walden
Senior Finance Editor

RETIREMENT PLANNING

Money and Gen-Xers - Part II: Prioritizing your investments across a variety of goals

01/12/2021
By Gene Walden, Senior Finance Editor | 01/12/2021

Gen-Xers (born between 1965 and 1982) have entered the prime of their lives – a time when investment priorities could pull them in a variety of directions:

  • Many younger Gen-Xers are still saving for their first homes.
  • Older Gen-Xers are putting money away for both their retirements and their children’s education.
  • Many Gen-Xers are also part of the “sandwich generation,” balancing the financial needs of their children and their aging Baby Boomer parents.1

As the chart illustrates, 31% of heads of households ages 40 to 44 say retirement is their primary reason for saving, while 25% say saving for a home, their children’s education, or other family expenses is their primary priority.

Those priorities change somewhat with age, leaning more into retirement. For those ages 45 to 54, only 16% say their primary priority is saving for a home, their children’s education, or other family matters, while 39% say retirement is their chief priority.

4 ways to approach Gen-X investment priorities:

 

1. Manage your children's college costs

It may be a natural inclination to help your children cover their higher education costs and avoid college debt. It’s a burden Gen-Xers know all too well, as about 26% of Gen-Xers are still paying off their own student loans.2 A 2018 report by AARP and the Association of Young Americans showed that 34% of Gen-Xers hold student loan debt either for themselves or for someone else.3

If your retirement savings plan is on track, helping your children with educational costs may make sense.

There are several investment vehicles that offer tax benefits, including a Coverdell Education Savings Account, a 529 Educational Savings Plan, or a Roth IRA. While the Roth is an “Individual Retirement Account” generally used to save for retirement, you can also use savings from a Roth IRA to cover qualified educational expenses. (Learn more: Benefits of Roth IRAs go well beyond retirement)

If you’ve fallen behind on your retirement savings, you may encourage your children to find another way to cover education costs rather than put your retirement at risk. Your children may have a number of options available including scholarships, financial aid, or choosing a less expensive school option.

Student loans typically come with a relatively low interest rate, well below the long-term average annual return of the stock market. You may come out ahead financially by keeping money invested in your retirement account and asking your children to take out student loans. If you find later that you have the means to contribute, you can help them pay off those loans. (See: Juggling your retirement savings and your children’s education)

2. Invest in your 401(k) or work plan

About 40% of Gen-Xers contribute to a 401(k) or other defined contribution plan at work, and another 9% are enrolled in a defined benefit plan.4 If your company offers a 401(k) or other defined contribution plan, you should contribute as much as possible up to the annual IRS limit ($19,500 for the 2020 and 2021 tax years, with an additional $6,500 catch-up contribution allowed for those over age 50). (See more on 401(k) contributions)

If your company doesn’t offer a 401(k) or other retirement plan, you may be able to receive a similar tax advantage by contributing to a traditional IRA. (See: Don’t miss the tax and savings benefits of an IRA)

3. A more aggressive approach for long-term objectives

Most Gen-Xers are at least 10 to 25 years away from retirement, allowing them time to be more aggressive with their investment portfolios. A portfolio or mutual fund heavily weighted in stocks is considered more aggressive than one made up predominately of bonds and other fixed-income investments.

Stocks are considered to be riskier than fixed-income investments, but their long-term return has been dramatically higher. A New York University study compared the growth of $100 invested in the stocks of the S&P 500® Index5 from 1928 to 2016 versus $100 invested in U.S. Treasury Bills during the same period. The T-Bill investment would have grown to less than $2,000 ($1,988) while the stock portfolio would have grown to more than $300,000 ($328,646).6 However, past performance is not an indicator of future results.

4. Investing for short-term goals

If you’re saving for a home, cabin, boat or other short-term goal, you may opt for a less aggressive investment strategy that is many years away.

Although stocks or a stock mutual fund might be part of your short-term investment strategy, you may wish to minimize the risk of loss by balancing your portfolio with some less volatile investments, such as bonds or bond funds. You might also consider an asset allocation fund that invests in a diverse portfolio of stocks, bonds, and other investments. Although diversification does not eliminate risk, it may help reduce losses during market fluctuations

(Thrivent Mutual Funds offers four asset allocation funds that are automatically diversified and range from moderately conservative to aggressive.)

While the strategies discussed here may be appropriate for many investors, consider your overall portfolio, financial situation, investing experience, time horizon, and investment objectives.

Gen-Xers have enjoyed a steady increase in their average income and investment savings. But will it be enough to avoid the financial issues that many Baby Boomers are now facing in their retirement? By taking steps now, Gen-Xers can help meet their retirement objectives.

 

Read Money and Gen-Xers: Part 1: Forgotten Gen-xers hitting their stride.


1 Pew Research Center, “The Sandwich Generation: Rising Financial Burdens for Middle-Aged Americans,” January 2013.

2 Pew Charitable Trusts, “The Complex Story of American Debt,” July 2015.

3 CNBC, “Student Loan Debt Isn’t Just a Millennial Problem,” October 2018

4 Pew Charitable Trusts, “Retirement Plan Access and Participation Across Generations,” February 2017.
5 The S&P 500 Index is a widely followed index, and is composed of 500 widely held U.S. stocks. Investors cannot invest directly in an index.
6 New York University

Related Reading

01/26/2021

Traditional IRA vs. Roth IRA

Traditional IRA vs. Roth IRA

Traditional IRA vs. Roth IRA

Not sure what type of Individual Retirement Account (IRA) is right for you? You’re not alone. Both traditional IRAs and Roth IRAs offer unique benefits, but you’ll need to consider your financial goals to determine what’s right for you.

Not sure what type of Individual Retirement Account (IRA) is right for you? You’re not alone. Both traditional IRAs and Roth IRAs offer unique benefits, but you’ll need to consider your financial goals to determine what’s right for you.

01/26/2021

01/12/2021

Money and Gen-Xers - Part I

Money and Gen-Xers - Part I

Money and Gen-Xers - Part I

Sandwiched between Baby Boomers and the Millennial generation, Gen-Xers often feel overlooked. If you're a member of the Generation X (born between about 1965 and 1982) you should stand tall. You and your cohorts have quietly established a prominent presence in both the work force and the economy.

Sandwiched between Baby Boomers and the Millennial generation, Gen-Xers often feel overlooked. If you're a member of the Generation X (born between about 1965 and 1982) you should stand tall. You and your cohorts have quietly established a prominent presence in both the work force and the economy.

01/12/2021

12/22/2020

The power of pairing your 401(k) with a Roth IRA

The power of pairing your 401(k) with a Roth IRA

The power of pairing your 401(k) with a Roth IRA

By contributing to a Roth IRA in addition to your 401(k), you may be able to not only supplement your retirement savings, but also provide more flexibility in addressing your financial situation.

By contributing to a Roth IRA in addition to your 401(k), you may be able to not only supplement your retirement savings, but also provide more flexibility in addressing your financial situation.

12/22/2020