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.

Looking to Learn More? Sign up for our Investing Insights newsletter. Subscribe

Thanks for Signing Up!

Be sure to check your inbox for the Investing Insights newsletter to get the latest news and insights from Thrivent Mutual Funds.

Well that's unexpected - your subscription request was not submitted. Please try again.

Great news - you're on the list!

Looks like you're already on our mailing list. Be sure to check your inbox for the Investing Insights newsletter to get the latest news and insights from Thrivent Mutual Funds.

Tax Resource Center

Taking Required Minimum Distributions

With your retirement accounts, you’ll want to make sure you know how much is enough to withdraw from your account as well as the date your withdrawal must be made by every year in order to avoid a significant penalty of 50% from the IRS. In the year your first Required Minimum Distribution (RMD) is required (generally, the year you turn 72), you have until April 1 of the following year to take it. After the first year you reach age 72, and for every year thereafter, you’ll be required to make your RMDs by December 31. However, if you turned 70½ in 2019, you must take your RMDs in 2019, 2020 and beyond.

The IRS has online resources that can help. IRS Publication 590-B covers IRA distributions including the RMD. Visit IRS.gov

Affected Accounts

Traditional IRA, SEP IRA, SIMPLE IRA, & all employer retirement plans

When They Start

For traditional IRA, SEP IRA and SIMPLE IRA, April 1 of the year following the calendar year in which you reach age 72 For all employer retirement plans, April 1 of the year following the calendar year in which you reach age 72 or retire, whichever comes later (if the plan document contains a delayed retirement provision)1

Exceptions

For Roth IRAs, withdrawals aren’t required until after the death of the account owner

How It’s Calculated

RMD is calculated by dividing the account value (adjusted for any outstanding transfers, rollovers and recharacterizations) divided by a life expectancy factor. For most people, the Uniform Life Expectancy Table is used to determine this factor. The factor is based on a hypothetical joint life expectancy using the account owner's age and a beneficiary age 10 years younger. If the sole beneficiary is a spouse who is more than 10 years younger, then a joint life expectancy factor can be used.

If you have multiple traditional IRAs, the RMD must be calculated for each one, but the distribution can be taken from any one or more of the IRAs.

Options & Strategies

Establish a balance between how long you’ll need your money to last and the minimum you’re required to withdraw every year. The IRS provides worksheets and lifetime tables that help you to accurately calculate your RMD. You can also set up a recurring distribution plan on your Thrivent Mutual Fund account that will automatically calculate your RMD each year and distribute it to you.

If you are 70 1/2 or older, you can make a qualified charitable donation up to $100,000 which counts toward meeting the RMD requirement for an IRA. The distribution must be paid from the IRA directly to a charity. The distribution is not taxable and no charitable deduction can be claimed on the federal tax return. State income tax treatment varies by state. As long as you or your spouse has earned income, you can still contribute to a traditional IRA. Tax Deductible IRA contributions made for the year you reach 70½ and later years can reduce your annual QCD allowance.

How It’s Taxed

Generally, required minimum distributions are included with your taxable income, with the exception of any money that has already been taxed as non-deductible contributions, or that can be received tax-free.

Penalties

Failing to withdraw or making withdrawals that are less than the required minimum distribution are subject to an IRS penalty of 50% of the amount that wasn’t received by you.

Inherited Accounts and RMDs

When you inherit a retirement account, you'll need to calculate the required minimum distribution for the account you've inherited. The options vary based on if you are the sole beneficiary of your spouse's account or someone else. In addition to the options below, an owner's surviving spouse and sole beneficiary has the option to transfer an IRA to the spouse's own IRA and treat it as his/her own.   Options for taking requirement minimum distributions include:  

Inherited Assets Prior to January 1, 2020

Traditional, SIMPLE, and SEP

If Original Owner Dies Before Required Beginning Date

Spouse: Begin taking RMDs by the later of December 31st of the year in which the owner would have turned 70 ½, or the year following the owner’s death, based on your single life expectancy. If you use your life expectancy, use the Single Life Expectancy Table each year to determine the factor.

Non-spouse: Begin taking the RMD for your inherited account by no later than December 31st of the year following the owner's death. Use the Single Life Expectancy Table to determine the factor to use for the first distribution. For each year after that, reduce that life expectancy factor by one.

OR

Take a full distribution by December 31st of the year containing the fifth anniversary of the owner’s death (five-year rule). Organizations and other non-person beneficiaries must use the five-year rule. Exceptions may apply for some trusts.

 

If Original Owner Dies After Required Beginning Date

If the owner did not take that year's RMD prior to his/her death, the beneficiary(ies) must withdraw any remaining amount prior to the end of the year.

Spouse: Begin taking RMDs by no later than December 31st of the year following the original owner’s death, based on the longer of your or what would have been your spouse’s single life expectancy.

If you use your life expectancy, use the table each year to determine the factor. If you use your spouse's factor, it is reduced by one each year.

Non-spouse: Begin taking RMDs by no later than December 31st of the year following the owner's death. Use the life expectancy factor of you or the owner (in the year of death) found in the Single Life Expectancy Table that results in the longer distribution period. Reduce the factor by one each subsequent year.

Roth IRA

Spouse: Begin taking RMDs by no later than December 31st of the year following the owner's death, based on your single life expectancy. Use the Single Life Expectancy Table to determine the factor to use based on your age.

Non-spouse: Begin taking RMDs by no later than December 31st of the year following the owner's death. Use the life expectancy factor (as found in the Single Life Expectancy Table) of you or the owner (in the year of death) that results in the longer distribution period. Reduce the factor by one each subsequent year.

OR

Take a full distribution by December 31st of the year containing the fifth anniversary of the owner’s death (five-year rule). Organizations and other non-person beneficiaries must use the five-year rule. Exceptions may apply for some trusts.

Inherited Assets After December 31, 2019

Traditional , SIMPLE, SEP IRA, and Roth IRA

Spouse: Begin taking RMDs by no later than December 31 of the year in which the owner would have turned 72, or the year following the owner's death based on your single life expectancy. Use the Single Life Expectancy Table to determine the factor to use based on your age.

Non-spouse: A full distribution of the account must be made by December 31 of the tenth year following the year of the owner’s death.

  1. If you are less than 10 years younger, disabled or chronically ill, you can begin distributions by December 31 of the year following the owner’s death based on your single life expectancy. Use the Single Life Expectancy Table to determine the factor to use based on your age.
  2. If you are a minor child of the owner, you can begin distributions by December 31 of the year following the owner’s death based on your single life expectancy. Once you reach age of majority the balance of the assets must be distributed within 10 years.

Consult Your Tax Advisor

Calculating Required Minimum Distributions can be tricky. At Thrivent Mutual Funds, we recommend you consult your tax advisor. Thrivent Mutual Funds and their representatives cannot provide legal or tax advice.

15%+ owners of business sponsoring retirement plan must start RMDs by April 1 following the calendar year in which they reach age 72 regardless if there is a delayed retirement provision. However, if you turn 70½ in the year 2019, you must take your RMDs for 2019, 2020 and beyond.