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.

 

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

RETIREMENT PLANNING

Pairing a Roth IRA with your 401(k)

03/29/2022
By Gene Walden, Senior Finance Editor | 03/29/2022

Contributing to your 401(k) plan at work is an important step toward saving for your retirement. But a 401(k) alone may still fall short of the funds needed to cover your retirment.1

By contributing to a Roth IRA in addition to your Traditional 401(k), you may be able to supplement your retirement savings and gain more flexibility in accommodating your evolving financial needs, both during and after your working years.

Roth IRA & Traditional 401(k): A snapshot comparison
  Roth IRA Traditional 401(k)
Management/control You Employer
Contributions Post-tax Typically pre-tax
2022 contribution limits $6,000 ($7,000 if over age 50) $20,500 ($27,000 if over age 50)
Withdrawals Qualified distributions are tax-free2 Typically taxed
Required Minimum Distribution (RMD) No RMDs At age 72, you must take out the RMD each year to avoid tax penalties3
Tax benefits No tax benefit for the current year Potentially lower current year taxable income

Benefits of a Traditional 401(k)

A Traditional 401(k) plan is an excellent vehicle for retirement savings—particularly if your company offers a matching or partially matching contribution.

  • Contributions are typically withdrawn automatically from your earnings each paycheck and deposited in your account, so you pay yourself first.
  • 401(k) plans are generally funded with pre-tax contributions, which typically lower your current year’s taxable income—a benefit at tax time.
  • 401(k) withdrawals in retirement are typically taxed.

Benefits of a Roth IRA

Adding a Roth IRA account to your retirement portfolio provides benefits not available with a traditional 401(k) plan.

  • While a Roth IRA doesn’t provide a tax benefit for the current year, any earnings on your contributions grow tax-deferred, and you have the benefit of tax-free withdrawals later if you meet the requirements for a qualified distribution.2
  • While you won’t be able to contribute as much to a Roth IRA as you would to a 401(k), over the years, your Roth IRA contributions could add up nicely to supplement your 401(k) savings.

Differences between a Roth IRA & 401(k)

While the primary benefit of adding a Roth IRA to your investment portfolio is the potential for building a bigger retirement plan, there are other things to consider when pairing a Roth IRA with your 401(k):

  • Investment choices
    The investment options available within an employer-sponsored 401(k) plan are generally determined by the employer. With a Roth IRA, you may have the flexibility to choose how you want your assets invested to best fit your financial goals.
  • You can choose between taxable and tax-free withdrawals
    If you have both a Roth IRA and 401(k), you may have more control over your tax situation (particularly prior to age 72). For instance, if you want to minimize your taxes during a particular year, you may be able to take more money out of your Roth IRA. Roth IRA contributions may be withdrawn at any time and, if your account has been open for at least five years, your earnings may also be withdrawn tax-free after you turn age 59½. If you take a distribution before age 59½, you would normally be subject to income taxes and a 10% early distribution penalty, although certain exceptions apply. The 10% penalty may not be imposed if the following conditions apply, see Exceptions to tax on early distributions for more information.

Once you are subject to taking RMDs from your 401(k), you could limit your withdrawals from your Roth IRA to facilitate additional tax-deferred and potentially tax-free growth on those dollars.

  • Roth IRA funds are available for other uses
    You can use Roth IRA contributions to fund other life milestones, such as:
    • Education expenses for your children
    • Down payment on a home
    • Unexpected family emergency―even before you turn age 59½. Your contributions (not earnings) can be withdrawn from your Roth IRA at any time for any reason―federal tax and penalty free.

If you meet certain requirements, you can withdraw your earnings from your Roth IRA. These requirements ensure your withdrawal is considered a qualified income-tax-free distribution. 

  • Roth IRAs have no upper age restrictions
    You can continue contributing to a Roth IRA regardless of your age, as long as you or your spouse have sufficient earned income to cover the contribution.
  • Roth IRAs have no required minimum annual distributions
    Unlike traditional IRAs or 401(k) plans, which require you to take minimum distributions starting at age 72, you are never required to take a distribution with a Roth IRA. Your beneficiaries, however, must take required minimum distributions (RMDs). They would typically receive the distributions as qualified tax-free distributions, provided you established the Roth IRA at least five years before your death. (Related: The 5-year wait: One more reason to open a Roth IRA now)
  • Roth IRA limitations
    For the 2022 tax year, the maximum contribution you could make to a Roth would be the lesser of $6,000 or your taxable compensation. If you’re 50 or over, you can contribute a total of $7,000.  Note that these limits apply to your combined contributions to traditional and Roth IRAs.

Even if you contribute the maximum amount to a 401(k), you can still contribute to a Roth IRA in the same year, unless your income exceeds the eligibility limit. (For income restrictions, see 2022 IRA contribution rules & limits.)

Taking advantage of both a Roth IRA paired with your Traditional 401(k) could be a helpful step in your retirement planning.

If you don’t have a 401(k) at work, you could get started investing some of your earnings in a Thrivent Mutual Funds traditional IRA or Roth IRA.  

You can get started with as little as $50 a month by taking advantage of our automatic purchase program.4 (See: Start Building Your Nest Egg for Just $50 a Month).


1American Benefits Council, 401(k) Fast Facts, October 2017

2Requirements for qualified distributions can be found in detail in IRS Publication 590.

3Participants could delay their RMDs if they are still working and not a 5% owner of the business if plan allows

4 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.

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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