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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IRA contribution, penalties, and distribution tax FAQs

If I am age 50 or older, can I make a catch-up contribution to my IRA?

If you are age 50 or older by the end of the calendar year, you may contribute an additional $1,000 to your Traditional or Roth IRA for that calendar year.

What should I do if my IRA contribution exceeded the maximum amount allowed?

A 6% excise tax may be assessed on an excess contribution if it remains in the IRA after the tax filing deadline plus extensions. If you file your tax return on time, you'll have an automatic six-month extension to make the withdrawal. If removed before tax filing deadline plus extensions, the excess contribution is not taxable. The earnings, however, are taxable in the year the excess contribution was 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.

What happens if I don't remove the excess contribution and earnings in a timely manner?

If the excess contribution and earnings are not removed in a timely manner, the 6% excise tax will apply for the year the excess occurred and all subsequent years until the excess is either withdrawn or utilized as a contribution.

How is my Traditional IRA distribution taxed?

Generally, Traditional IRA distributions are taxable as ordinary income in the year withdrawn. 

If you receive a distribution before age 59½, a 10% IRS early distribution penalty could apply to the distribution unless you meet one of the exceptions under Internal Revenue Code (IRC) Section 72(t). See the IRS Form 1099-R for more information.

Are there any exceptions to the 10% IRS early distribution penalty?

The IRS allows several exceptions to the 10% IRS early distribution penalty if you receive a distribution from your IRA before age 59½.

  • Death
  • Disability
  • Series of substantially equal periodic payments based on life expectancy
  • Qualified higher-education expenses
  • Qualifying first-time home buyer expenses (Lifetime maximum of $10,000)
  • Deductible medical expenses
  • Health insurance premiums for unemployed individuals
  • Distributions because of IRS levy
  • Qualified birth or adoption1
  • Terminal illness2

See IRS Form 5329 for more information on how to report an exception to the 10% IRS early distribution penalty.

What is a required minimum distribution (RMD) and will it be taxed?

In general, the IRS requires you to start taking a minimum amount from your qualified retirement accounts starting the year you turn age 72 to ensure the money saved is used for what it was intended—to fund your retirement. 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.

Your RMDs are typically taxed as ordinary income in the years you receive them. Unless you specify otherwise on your election form, 10% of your distribution will automatically be withheld as prepayment of federal income tax. (State withholding may also apply, depending on the product(s) owned and the state where you live.) 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.

As a beneficiary of an IRA, how are my distributions taxed?

Traditional IRA distributions are taxable to the beneficiary as ordinary income for the year of the distribution. This distribution qualifies as an exemption to the 10% IRS early distribution penalty, regardless of the age of the beneficiary or deceased owner. 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 hte 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. See IRS Publication 590-B—Individual Retirement Arrangements (IRAs) for more information.

How is my Roth IRA distribution taxed?

You must treat all your Roth IRAs as a single Roth IRA for purposes of determining the tax treatment of your distribution(s). All distributions are deemed to come from: Roth IRA contributions first, Roth IRA conversions second, and Roth IRA earnings third.

Roth IRA contributions are not deductible and, as long as requirements are satisfied, qualified distributions of earnings are not taxable.

Roth conversions were taxed for the year of conversion. Because of this, the amount of the conversion is not subject to income tax upon distribution from the Roth IRA.

The only portion of your Roth IRA distribution that may be subject to income tax is the amount of the distribution attributable to earnings. Earnings will not be subject to income tax upon distribution if:

  1. It has been 5 years since your first contribution or conversion to any Roth IRA; and
  2. The distribution is made because of at least one of these:
  • Attainment of age 59½
  • Death
  • Disability
  • First-time home purchase ($10,000 lifetime maximum)
  • Distribution of earnings that are not considered a “qualified distribution” will be subject to tax and may be subject to the 10% IRS early distribution penalty. 

Note: Conversions and qualified rollover contributions, while not subject to income tax when distributed, may be subject to a 10% IRS early distribution penalty if a separate five-year requirement is not satisfied. See IRS Form 8606 instructions for information on the rules for determining your taxation. Because all your Roth IRAs must be aggregated, Thrivent Mutual Funds cannot determine the taxable amount of your distribution.

Can losses in my IRA reduce my tax liability?

You may be able to recognize the loss on your income tax return. See IRS Publication 590-A for more information.


1This exemption shall apply to qualified distributions made after December 31, 2019.

2SECURE ACT 2.0 adds a new exception to the 10% additional tax under IRC section 72(t) for distributions made to certain terminally ill individuals. Effective 2022 for distributions made after the date of enactment.

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.