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Your Strategy  
  Your Thrivent Financial representative is a resource who can help you keep track of the many items on your checklist as you prepare to retire.   white space Picture of retired couple
 
   

Using your savings for retirement income
It might feel strange to prepare to start depleting the savings you’ve worked so hard to build. But if you know how and when you’ll spend it, you can feel confident about making your money last through the years.

Talk to your Thrivent Financial representative about how and when to tap into your savings. There are several federal requirements (such as Required Minimum Distributions) and tax rules you’ll need to consider before making your first withdrawal.


Know when to apply for Social Security and Medicare
You'll need to apply for Social Security three months prior to the month of your 65th birthday, or three months before you want to start collecting benefits. At the earliest, you may apply at 61 years and 9 months of age. (Note that benefit reductions will apply depending on your full retirement age and personal situation.)

Because the rules can be complicated, it’s a good idea to speak with a Social Security representative in the year before you retire. Visit the Social Security Web site for detailed information.

Also, depending on your age and whether you're receiving or plan to receive Social Security, the rules around applying for Medicare will vary. Visit the Medicare Web site for detailed information.

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Appleton Office:
4321 N. Ballard Road
Appleton, WI 54919-0001 USA
800-THRIVENT
(800-847-4836)
E-mail: mail@thrivent.com

Minneapolis Office:
625 Fourth Avenue S.
Minneapolis, MN 55415-1624 USA
800-THRIVENT
(800-847-4836)
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Thrivent Financial for Lutherans, its affiliates, Financial Representatives and employees do not provide legal, accounting, or tax advice or services. This summary information is provided for your education, and to help you start preparing for retirement. It is not intended to be tax or legal advice. We strongly advise that you consult your legal and/or tax advisor before making any tax-related financial decisions.

Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.
©1995-2008 Thrivent Financial for Lutherans

This document was last updated on Friday, June 29, 2007 at 11:09 AM