The Thrivent Approach
Our approach starts with you: Your needs. Your goals. Your values. We’ll guide you to create a financial strategy that reflects your priorities when it comes to saving, spending and sharing your money.
The financial principles and pyramid below are important elements in our mission to help you have a healthier relationship with money and make wise money choices.
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Research shows that people who follow these five financial principles – which reinforce wise planning and generous living – are more likely to have a healthy relationship with money. Regardless of your life stage or your income level, these principles are part of our ongoing conversations about being financially healthy.
Spend less than you make
Be wise with debt
Protect yourself against setbacks
Have a short- and long-term plan
The financial pyramid offers a four-step road map to help you plan for, reach and celebrate financial milestones. The pyramid is an important part of helping you understand and take ownership in your financial journey.
We'll start by having a one-on-one conversation to determine where you are on your financial journey today, and what your priorities are for the future. Step-by-step, we'll work together to help you navigate to the top of your personal financial pyramid.
Protect your future
A solid foundation starts with developing healthy cash flow habits, debt management strategies and emergency reserves. In addition to addressing these essentials, you can find ways to protect against the unexpected.
Save for your goals
In this stage you may be saving for a home or vehicle as well as education or retirement. Here you will lay out your goals and figure out the path to reach them.
- Begin or maintain regular investing, allocating assets based on your risk tolerance and timeline.
- Diversify your savings to minimize long-term tax impact.
- Prioritize your goals (e.g., balance your retirement needs against education funding).
Live in retirement
At this point, you'll be living off your assets, enjoying the confidence that comes from having income sources you can depend on. Retiring wisely includes anticipating common risks, such as inflation, market volatility, changing tax environments and unexpected events.
- Identify how much you need to support your retirement lifestyle.
- Determine whether and when to convert savings to guaranteed income.
- Review your portfolio and limit your annual withdrawals to be between 4% and 5% of your assets.
Plan your legacy
Creating a legacy plan ensures that you can be generous with the people and causes you care most about, including your family, church and community.
This is a solicitation for insurance. A Thrivent Financial representative may contact you.
Guarantees are backed by the financial strength and claims-paying ability of Thrivent Financial.
1 Loans and surrenders will decrease the death proceeds and the value available to pay insurance costs, which may cause the contract to terminate without value. Surrenders may generate an income tax liability and charges may apply. A significant taxable event can occur if a contract terminates with outstanding debt. Contact your tax advisor for further details. Loaned values may accumulate at a lower rate than unloaned values.