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.
800-847-4836

M-F, 8 a.m. – 6 p.m. CT
Say “mutual funds" for faster service.
contactus@thriventfunds.com or,
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.

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Gene Walden
Senior Finance Editor

RETIREMENT PLANNING

Traditional IRA: Valuable tax and savings benefits

12/21/2021
By Gene Walden, Senior Finance Editor | 12/21/2021

A traditional IRA could help you reduce your current year’s taxes while building retirement savings for the future.

A traditional IRA (Individual Retirement Account) is a retirement savings account that allows you to potentially reduce your taxes in the current tax year while building your retirement savings tax-deferred. If you’re not currently funding an IRA, you may be short-changing yourself both now and in the future.

Tax savings add up

When you contribute to a traditional IRA, every qualified IRA investment dollar you add to your account may reduce your taxable income by the same amount. If you contribute the maximum amount for 2021 and 2022, which is $6,000 for an individual under 50 and $7,000 for people 50 and over, you may be able to reduce your taxable income by that same amount.

For example, if you’re in the 25% tax bracket, a $6,000 contribution could save you about $1,500 a year in taxes. If you’re in the 10% bracket, it could save you $600.

Note that your deduction may be limited due to your income and other factors such as your or your spouse’s ability to participate in an employer-sponsored retirement plan such as a 401(k). See details on deductions and contribution limits.

Build retirement savings

By contributing to your IRA each year, you may accumulate a substantial nest egg by the time you retire. For example, let’s say you contribute $6,000 a year to an IRA and invest the money in a mutual fund that earns an average annual return of 7%.

Based on 7% annual growth, with a $6,000 annual contribution (at $500 per month), here’s how much an IRA would grow over the next four decades:

After 10 years, the IRA would have grown to $86,542, after 20 years it would have grown to $260,463, after 30 years it would have grown to $609,986, and after 40 years it would have grown to over a million dollars at $1,312,407.

Contributing as much as possible to your IRA may require some small sacrifices in the short-term, but it’s well worth the effort if you may be able to reduce your current year’s taxes while building a tax-deferred retirement nest egg for the long term.

Want to learn more about Traditional IRAs? 


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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