Explore new strategies for your retirement that can help ensure your savings last a lifetime.
Funding your (entire) retirement
You’ve been saving for retirement. Now consider how you’ll use your money to cover costs and protect against the unexpected for as long as you need.
Food, home maintenance, transportation, entertainment—ordinary costs like these shape your lifestyle. It’s easy to underestimate everyday expenses in your retirement plan since you already pay some of them. But spending habits often change in retirement.
The right strategy can help you feel more secure by converting a portion of your savings into a guaranteed income stream that lasts your lifetime.
The right strategy can help you feel more secure by converting a portion of your savings into a guaranteed income stream that lasts your lifetime.
Shifting markets can impact the longevity of your assets. In retirement you'll rely on various income streams, including investments, to fund your needs. If you're forced to make withdrawals when the market is down, you'll have less time to recoup those losses.
The right strategy can help you navigate market swings with minimal impact on your assets.
The right strategy can help you navigate market swings with minimal impact on your assets.
Health care in retirement can be unpredictable and expensive. It’s estimated that 56% of today's 65-year-olds will need some form of increased health care in retirement.1
You can enjoy more control over your future health care by accounting for potential expenses in your retirement plan today.
You can enjoy more control over your future health care by accounting for potential expenses in your retirement plan today.
Contrary to popular belief, it’s common to face higher taxes in retirement. Combined with inflation, this may force your assets to work even harder in retirement to keep pace.
Accounting for these possibilities in your spending strategy now is the best way to avoid outliving your savings in retirement.
Accounting for these possibilities in your spending strategy now is the best way to avoid outliving your savings in retirement.
Take action today
Connect with your Thrivent financial professional to explore short- and long-term strategies designed to provide you lasting financial stability.
“Do I really need to think about retirement spending now?”
A few strategic choices today could help you avoid outliving your savings in retirement. Meet with your Thrivent financial professional to:
Gauge how far your money can go based on your current strategy.
Analyze how unexpected events can impact your savings.
Discover what you can do to fill potential income gaps.
Gauge how far your money can go based on your current strategy.
Analyze how unexpected events can impact your savings.
Discover what you can do to fill potential income gaps.
1 Long-Term Services and Supports for Older Americans: Risks and Financing Research Brief; ASPE, US Dept of Health and Human Services, August 2022.
Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.
Guarantees based on the financial strength and claims-paying ability of Thrivent.
Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.
Guarantees based on the financial strength and claims-paying ability of Thrivent.
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