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Retirement > Products & Solutions > IRAs > Traditional IRA
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Traditional IRA  
  A traditional IRA allows your retirement savings to grow tax-deferred. In other words, you don’t pay any income taxes on your account’s growth until you withdraw your money, giving you accelerated earning power.   white space Man fishing
 
   

How you’ll benefit
Investing in a traditional IRA gives you:

  • Tax deductions. Depending on your income and whether or not you participate in an employer plan, your contributions may be tax deductible.
  • Tax-deferred growth. Your contributions grow tax-deferred until you withdraw the funds, usually at retirement.
  • Flexibility. Based on your personal savings goals, you can invest your assets in a variety of products including mutual funds, stocks, CDs and more.
  • Consolidation. You may want to consider rolling over your assets  from a qualified retirement plan (such as a 401(k)) or from other IRAs into your traditional IRA. Learn more.


When to consider
Anyone under age 70½ who’s able to set aside a portion of annual income for retirement should consider a traditional IRA. Compare IRA Types to learn more about contribution limits.


Take the next step
Contact your Thrivent Financial representative today to learn how a traditional IRA can help you meet your retirement goals.

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ArrowWhich IRA is right for you?
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ArrowCalculator: Roth vs. Traditional IRA
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4321 N. Ballard Road
Appleton, WI 54919-0001 USA
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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.

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This document was last updated on Thursday, May 17, 2007 at 12:11 PM