Tax Day is April 18, 2023. Visit the Tax Resource Center to help you prepare.

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.

 

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. Expand for more info.
  • 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.

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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Avoiding tax penalties on IRAs

An inevitable part of mutual fund investing for retirement is the need to make decisions that will impact your taxes, both now and in the future. You also need to be aware of potential tax penalties so you can plan accordingly and avoid them, if possible. Here are some ways you may be able to avoid tax penalties on IRAs.

Tax penalties are additional fees you’re required to pay the IRS—separate from taxes—if you break the account’s rules.  For example, you may incur penalties for contributing more than the allowed limit or taking money out too early. The more you know about the rules that trigger tax penalties, the better you’ll be prepared to avoid them, or find ways to use the rules to your advantage.

Excess contributions

Accounts with a tax benefit—like retirement accounts—place limits on the amount of money you can contribute per year. These contribution limits differ by account type, your modified adjusted gross income (MAGI), your age, and your tax filing status. More information on these limits can be found in Contribution limits and rules for IRA and CESA.


The penalty

For traditional, Roth, and SEP IRAs the excess contribution amount is taxed at 6% per year for as long as it remains in the account. 


The triggers
  • Contributions beyond the allowed annual limit
  • No earned income
  • Contributions to a Roth IRA when MAGI exceeds allowed limits
  • Improper IRA rollover contributions

Way to avoid

In order to avoid the 6% tax on the excess contribution, you must withdraw:

  • the excess contribution and any income earned for that contribution before the date your taxes are due (including extensions). The income earned will be taxable in the year the contribution was originally made. The recent passage of the SECURE Act 2.0 signed by President Biden on December 29, 2022, has eliminated the 10% penalty that was previously assessed. See IRS Pub 590 or talk with your tax advisor for more information.

Other options
  • In some cases, you may be able to change how a contribution made to one IRA is handled by treating it as if it was made to another type of IRA. This is called recharacterization. When you recharacterize a contribution, it is treated as if it was originally made to the type of IRA it was recharacterized to. For more information, please visit IRS Pub 590.

10% Early distribution penalties

Traditional IRA distributions

If you take a distribution from your traditional IRA before you turn 59½, the taxable portion of the distribution may be subject to a 10% early distribution penalty unless one of the exceptions noted in the chart below applies.

Roth IRA distributions

You do not have to include Roth IRA distributions in your gross income if they are a return of your regular contributions or conversions from a traditional IRA or employer retirement plan. A qualified distribution of earnings from your Roth IRA is non-taxable. That would include any payment or distribution from your Roth IRA that meets both of the following requirements:

  1. You have had a Roth IRA for at least 5 years (based on your first Roth IRA contribution date or conversion)
  2. The distribution is made for one of the following reasons:
    1. After you reach age 59½
    2. You’re disabled (see IRS Pub 590-B for definition)
    3. You’re the beneficiary of someone else’s Roth IRA
    4. You’re using to purchase your first home ($10,000 lifetime limit, see IRS Publication 590-B for details)

If your Roth IRA Distribution is not a qualified distribution, any earnings that are withdrawn are taxable and may be subject to the 10% early distribution penalty, unless one of the exceptions in the chart below applies:

  1. Regular contributions (not taxable)
  2. Taxable conversions
  3. Non-taxable conversions
  4. Earnings

The penalty
  • 10% additional tax on non-qualified distributions of earnings taken from an IRA unless a penalty exception applies. 10% additional tax for withdrawal of any conversion dollars within 5 years of conversion, unless a penalty exception applies. This penalty applies separately to each conversion that you have made. (Note: the tax penalty related to the 5-year conversion rule is separate from the penalty related to the qualified distribution rule).

Penalty exceptions
  • You’re disabled (see IRS Publication 590-B for definition)
  • You’re the beneficiary of someone else’s IRA
  • You’re receiving distributions that are part of a series of substantially equal payments or in the form of an annuity.
  • You’re using to purchase your first home ($10,000 lifetime limit, see IRS Pub 590-B for details)
  • You’re using to pay medical insurance premiums while you were unemployed
  • You had unreimbursed medical expenses that exceeded 7.5% of your Adjusted Gross Income (AGI)
  • You’re using it to pay qualified higher education expenses
  • You have qualified reservist distributions
  • You take distributions under an IRS levy
  • You have a new child through birth or adoption. * (A parent may withdraw up to $5,000 within one year of the birth or adoption date. This applies to each parent if they have separate retirement accounts.)
  • You have a terminal illness. (A new exception was added to the 10% additional tax under IRC section 72(t) for distributions made to certain terminally ill individuals.)

See IRS Pub 590-B for more information about these exceptions. 


Required Minimum Distributions (RMDs)

Tax-deferred accounts don’t keep building assets indefinitely. For a Traditional IRA, and most employer retirement plans, you’ll need to start taking an annual required minimum distribution (RMD) at some point. Effective 2023, the Required Beginning Date (RBD) changed from age 72 to age 73 and is planned to increase to age 75 by 2033. If you reach age 73 this year, you will be required to start taking the annual RMD. If you are still working and do not own 5% or more of the business, your employer plan may allow you to defer until after you retire.

Roth IRAs don’t have RMD requirements during the account owner’s lifetime. IRA beneficiaries were generally required to take distributions starting the year after the account owner’s death. However, starting in 2023, most beneficiaries will now be subject to annual distributions based on their life expectancy with a lump sum in year 10. This applies when the original IRA owner died on or after the required beginning date (RBD). 

More information on RMDs can be found in Taking required minimum distributions.

RMD penalties


The penalty
  • Failure to take the RMD by the due date
  • Under the SECURE Act 2.0, effective 2023, the penalty for failure to meet your RMD is 25% of the amount not taken for that year, with the penalty further reduced to 10% if fixed during the Correction Window, which begins on the date the tax is imposed, and ends at the earliest of: When the Notice of Deficiency is mailed to the taxpayer; When the tax is assessed by the IRS; Or the last day of the second tax year after the tax is imposed. 

Consult your tax advisor

Depending on your individual tax situation, you may wish to consult with your tax advisor before making any IRA account decisions. For more information about the different types of tax penalties, please visit IRS.gov.

*This exemption shall apply to distributions made after December 31, 2019.

Looking for an IRS form or publication?

The IRS's online resources can help.

Visit IRS.gov