Three ways to buy Thrivent funds

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Thrivent Account

You can purchase mutual funds right on our site with an online account.

Buy with a Thrivent account

  • Set up an account starting with as little as $50 per month.1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.


Financial Professional

For guidance when investing, ask a financial professional about buying Thrivent mutual funds & ETFs.

Buy 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.


Brokerage Account

If you already have a brokerage account, our mutual funds & ETFs can be purchased through online brokerage platforms by searching for Thrivent Mutual Funds and ETFs.

Buy with 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.

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


Need more help?

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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. For example:

 - 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.

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. 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

Saving for college and your retirement: Finding the balance

By Gene Walden, Senior Finance Editor | 09/26/2023

As a parent, it can be tricky to balance saving for your child’s education and investing for your own retirement. As a general guideline, you should try to avoid dipping into your retirement savings to pay for college, for a couple of reasons:

1. Student loans typically have a lower interest rate which means you may be better off financially to keep money invested in your retirement account and have your children fund college through low interest student loans.

2. Depleting your retirement savings to pay for college could put your financial future in jeopardy. Help your children with their college costs if you can afford it, but don’t if it means you won’t have enough for retirement.

College funding options

Your child may have a variety of college funding options available to help them make it through their post-secondary education, including scholarships, financial aid, work-study and a part-time job.

While you may not be able to cover the entire educational cost, even a little help may have a significant impact on reducing their student debt.

Manage debt

Here’s a hypothetical example to consider.

Ashley spends $100,000 to pay college costs over four years with a 5.5% interest rate loan—which is the current standard interest rate charged by the U.S. Department of Education Student Loan Program for undergraduate loans.1

  • Loan amount: $100,000
  • Interest rate: 5.5%
  • Years to pay off: 20 at $688 a month
Ashley would pay $165,093 over that period—more than one and a half times the loan amount. This means that every dollar Ashley or her parents can put away ahead of time could potentially save over $1.65 in debt payments after their graduation.
  • Put away $25,000 Save $41,250 in repayments
  • Put away $50,000 Save $82,500 in repayments
So, how do you save $50,000—or even $25,000—for your child’s education? Start early and contribute consistently, preferably to an account that grows tax-deferred.

How tax-deferral works

Here’s another hypothetical example of how a tax-deferred account could help.

Let’s say that you set up a tax-deferred savings plan and contributed $1,000 a year—that’s less than $100 a month.

  • If you earned a 4% average annual return on your investment, after 18 years, your college savings plan would have grown to about $25,650.
  • If you were able to save $2,000 a year (about $167 a month), with an average annual return rate of 4%, your savings would have grown to about $51,300 after 18 years.
Compared to the above example of a loan with a 5.5% interest rate, this type of account could save more than $80,000 in loan repayments after graduation.

Tax-deferred savings plans

Here are three popular tax-deferred, also often referred to as tax advantaged, education savings plans to consider:

Coverdell Educational Savings Account (CESA) 
You may set aside up to $2,000 a year in a CESA for a designated beneficiary under age 18 to pay for qualified expenses2 at an eligible educational institution, which can be either a qualified higher education or qualified elementary or secondary school.

Although the money you contribute is not tax-deductible, the savings within the account grows tax-deferred, and if the money you take out of the account is used for qualified educational expenses, it is tax-free. (See: Coverdell Education Savings Account to learn more)

529 Plans
These plans provide the opportunity to either pre-pay education costs or contribute to a tax-deferred savings account. Most 529 prepaid tuition plans are sponsored by state governments and require that you live in that state to be eligible.

Money contributed to a 529 savings plan is not deductible from your current federal taxable income, but earnings within the savings plan are tax-deferred, and some states may offer state tax benefits.

When you open a Prepaid Tuition Plan account, the money you contribute is converted to units or credits to be used for college and university education. When you open a Savings Plan, in addition to the contributions growing tax-deferred, they may be withdrawn tax-free if that money is used to cover eligible education costs for the beneficiary.

In addition, you may take up to $10,000 per year in tax-free withdrawals per beneficiary to pay for tuition expenses at private, public and religious K-12 schools. (See: How to choose a 529 Educational Savings Plan)

Roth IRAs
This may be a more flexible option for parents who aren’t sure how much they’ll be able to contribute to their children’s education without severely curtailing their own retirement savings plan. While the Roth is a form of an individual retirement account, you can use funds from it to cover your children’s qualified higher education expenses.

While you normally would face a 10% penalty for withdrawing investment earnings beyond your total contributions to use for your retirement needs prior to age 59½, there are no penalties if you use the money for your children’s qualified higher education expenses (although you would have to pay income tax on your investment gains).

You can open a Roth and start contributing at any time if you meet the income requirements.3 (Learn more about the Roth IRA)

Scholarships & financial aid

Your child may reduce their student debt further through student aid programs, work-study programs, part-time off-campus jobs and a variety of scholarships that are offered through organizations geared toward helping students pay some of their college costs.

One nonprofit organization, Scholarship America, offers a wide range of resources for students and their parents designed to help with educational funding. Visit the Scholarship America website to find a variety of options.

The site provides information on student funding opportunities in several key categories including scholarships from corporations, organizations and foundations.

The bottom line

You can save for your child’s educational costs and your retirement. It may require some sacrifice over many years, but if you start early, invest consistently, and explore a range of options for scholarships and other educational funding, you can help your child without significantly undermining your own retirement plans.

1 Source: Subsidized and Unsubsidized Loans, Federal Student Aid

Qualified higher education expenses include the following:

  • Tuition and fees
  • Books, supplies, and equipment
  • Expenses for special needs services required by the beneficiary in connection with enrollment or attendance of an eligible school
  • Expenses for room and board for students who are enrolled at least half-time (half time is defined as a student doing half the work load of a full-time student)
  • The purchase of computer or peripheral equipment, computer software, or Internet access and related services if it is to be used primarily by the beneficiary while enrolled in school.

3 Roth IRA contribution limit in 2022 for those under 50: lesser of $6,500 or 100% of earned income across all your Traditional and Roth IRA accounts. Contribution limits are based on your Modified Adjusted Gross Income (MAGI). See IRS Publication 590-A Contributions to Individual Retirement Arrangements for more information.

The concepts presented are intended for educational purposes only. This information should not be considered investment advice or a recommendation of any particular security, strategy, or product.

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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