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.

 

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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.

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TAX RESOURCE CENTER

5498 IRA tax information

When you’ve made IRA contributions, rollovers, conversions, or recharacterizations to your accounts in a given tax year, Form 5498 will report this information to the IRS.

Who gets it

Shareholders who made contributions, rollovers or recharacterizations to their traditional, SEP, Simple or Roth IRAs, or who made Roth IRA conversions.

If no contributions are made for the year, use your Dec. 31st year-end statement to obtain the fair market value of your account.

When it's mailed

For traditional and Roth IRAs, with contributions, conversions, or rollovers, Thrivent Mutual Funds targets mail date by January 31st.

IRA contributions made between January 1st and the tax due date of the current year as a contribution for the previous tax year will generate a corrected 5498 tax form in the current year that will be mailed by May 31st.

If you want to make IRA contributions for the prior tax year, it must be postmarked by your tax return due date (generally April 15th) and designated as a contribution for the previous year.

For SEP or SIMPLE IRAs contributions from your employer, forms will be sent out in January.

What's in it

Expect to find the following:

  • contributions to traditional and Roth IRAs Rollovers made to IRAs
  • conversions from a traditional IRA, SEP IRA or SIMPLE IRA to a Roth IRA or qualified rollover contribution from an eligible retirement plan (other than IRA) to a Roth IRA
  • SEP and SIMPLE IRA contributions made through the employer during the calendar year
  • indications whether the IRA is subject to required minimum distributions (RMDs) in the following year
  • fair market value of IRAs as of Dec. 31st
  • recharacterizations (changing or undoing a traditional IRA contribution from a Roth IRA contribution or vice versa)
  • special postponed contributions (Allied Force, Enduring Freedom, Iraqi Freedom and taxpayers affected by federally designated disaster areas)
  • repayment of a qualified reservist distribution or a designated disaster distribution repayment
How to use it

Use Form 5498 to confirm amounts you needed to report on your tax return related to contributions and rollovers.

Box 11 indicates if your account is subject to minimum distribution requirements for the upcoming year.

5498 IRA tax form information

Refer to the instructions for IRS Form 1040 and IRS Form 8606 for more information.

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.