Thrivent Financial for Lutherans - Planning: Tools and Services

Planning Tools & Services > Life Events > Planning for Retirement

Planning for Retirement

Are you concerned about how you'll pay for your current financial needs and also save for a comfortable retirement? You're not alone if you're wondering how to juggle everything. There's no doubt that you need to manage both.

Thrivent Financial for Lutherans has products, services and benefits to help you prepare for retirement while meeting current expenses. It's important to take the time to develop a solid retirement plan for your future.

Annuities

___	Immediate annuities help you turn a recently received or inherited lump sum of money into a retirement income for your lifetime, regardless of how long you live.
___	Fixed annuities help meet long-term financial accumulation and retirement needs. The primary purpose of an annuity is to pay an income benefit you can't outlive or pay a benefit for a specified period of time.
___	Flexible premium deferred variable annuities help protect against the possibility of outliving your retirement savings. With a variable annuity, you choose how to allocate your premiums among a variety of stock and bond investment portfolios and fixed accounts.

Insurance

___	Permanent life insurance includes cash value that can be accessed to supplement other retirement income, while the coverage can be used to provide additional income to a surviving spouse, pay off debt, pay increased income taxes that can result, pay any resulting estate taxes, or create a charitable gift at the time of your death.
___	Long-term care insurance is a key component to any retirement plan and a cost effective way to fund the costly expense of long-term care while protecting your retirement income and assets in the event you may need long-term care.

Investments

___	Mutual funds from Thrivent Investment Management Inc. can accommodate many different investment strategies to supplement your current retirement plans.
___	Automatic Investment Plans: Conveniently invest as little as $50 automatically every month.

Banking

___	The trust and investment management department of Thrivent Financial Bank, offers a wide variety of services to help manage your assets.
___	Bank money market accounts are insured by the FDIC (Federal Deposit Insurance Corporation) and offer competitive rates and access to your funds.

Planning Tools & Services

___	Key retirement strategies: Plan for your financial future.
___	An indepth, objective Financial Plan can help you determine how to accomplish your retirement goals and objectives and what techniques to use. It may also include an analysis of your risk tolerance for your current investment portfolio and propose recommendations on how to reallocate your investments.
___	IRAs may give you just what you need as part of your retirement plan, no matter what stage of life you are in.
___	Traditional IRAs and Roth IRAs offer tax advantages with flexibility-a winning combination.
___	Rollover IRAs: Take control of your retirement assets.
___	Retirement planning: Learn more about the different phases.
___	Retirement planning calculators: Estimate how much you'll need to save for retirement.
___	Roth IRA comparison and conversion calculators can help you determine whether a traditional IRA or a Roth IRA would be best suited for you.
___	Education Center: Gain helpful tips and articles about retirement planning.
___	Seminars offer more in-depth information and strategies for retirement.

Fraternal

___	Your Will Planning Guide, available online in Members/Chapters, can help you begin the process of creating a will. (First-time users will need to register.)
___	Educational and informational benefits are available to members at no cost.
___	Order benefits online in Members/Chapters. (First-time users will need to register.)

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Your Thrivent Financial representative is there to answer your questions about life insurance or investments as you plan for one of the biggest purchases you'll ever make—your home. Call or e-mail your financial representative today!