Now that you've retired, the day is yours – to rest, to play, to serve. You now have more time to do what you want and live how you want. Perhaps you'll choose to share your gifts with your church, spend more time with family or travel the world. For all the great plans you have for retirement, Thrivent Financial can help you make sure your financial strategy keeps up.

Empower your retirement

You've spent a lifetime working hard. And you've done a lot of planning to get to this point of being able to retire. Now it's time to refocus and reprioritize so you can enjoy this time of life. You can count on us for committed support and guidance along the way.

Make your money last through retirement

There are two sides to retirement planning: accumulation and distribution. You've already spent decades in the accumulation stage. And now that you're retired, you're in the stage where you'll need to have a distribution plan in place. Knowing how and when to take withdrawals is crucial to making your money last as long as you do. Don't let your money retire early. Instead, talk with a Thrivent Financial representative to explore distribution options and discover ways to avoid the retirement income gap.

Revisit your estate & legacy strategy

You may already have an estate strategy and will in place, but it's a good idea to check that your strategy still aligns with the legacy you want to leave. Take the time to revisit your estate and legacy strategy so you can be sure that your valuables – as well as your values – pass on to the people and causes that matter most.

  • Designate beneficiaries, which can include loved ones and charities.
  • Leave a lasting legacy for your family, church or others.
  • Align your estate strategy with your legacy wishes.

Understand required minimum distributions

Required minimum distributions (RMDs) are withdrawals that the IRS requires you to take from your individual and employer-sponsored qualified retirement accounts each year once you reach age 70½.

However, if you're still working at 70½ and your employer-sponsored retirement plan allows, you can delay taking your first RMD until April 1 of the year after your retire.

Generally, RMDs are taxed as ordinary income in the years you receive them. It's also important to note that if you take out less than the RMD, you may be subject to a 50% IRS penalty on the remaining amount you didn't withdraw.

  • RMDs are calculated by dividing the previous year-end account value2 by a life expectancy factor, and adjusting for transfers, rollovers and recharacterizations.
  • Taking RMDs can be complex, so talk to your Thrivent Financial representative for guidance.
  • Download an RMD distribution request form (PDF).

Member's Voice

"I know when we complete the planning for our retirement, I'm going to feel very confident. There's not going to be any surprises 20 years down the road."*