Leave a legacy of generosity

Making a simple change to your tax-deferred retirement plan could help you pass down more to the people – and causes – you care about most.
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Generosity isn't just for the ultra-rich

You can leverage your tax-deferred retirement plan¹ to have a lasting impact on the people and charities you love. Just keep these three things in mind.
Tax burdens
When you leave an IRA or other tax-deferred retirement plan to a loved one, they will have to pay income tax on the distributed amount at their tax rate.
Tax solutions
You can leverage funds from your tax-deferred retirement plan to purchase life insurance and ensure your loved ones get an income tax-free benefit.
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Charitable options
With insurance in place for your loved ones, you can leave the remainder of your tax-deferred retirement plan to a cause you care about, 100% tax-free.
Tax burdens
When you leave an IRA or other tax-deferred retirement plan to a loved one, they will have to pay income tax on the distributed amount at their tax rate.
Tax solutions
You can leverage funds from your tax-deferred retirement plan to purchase life insurance and ensure your loved ones get an income tax-free benefit.
Illustration of tree starting to grow and its roots below ground
Charitable options
With insurance in place for your loved ones, you can leave the remainder of your tax-deferred retirement plan to a cause you care about, 100% tax-free.

How your plan can expand your impact

Keep your retirement plan as is
What happens
Your assets continue to grow tax deferred, and you can take distributions for your retirement income.

Tax impact on your beneficiaries
They pay income taxes – at their tax rate – on the distributions taken from the retirement plan after you pass away.
Use funds in your retirement plan to purchase life insurance
What happens
Your assets continue to grow tax deferred, and you can take distributions to fund a life insurance policy to provide for your loved ones.

Tax impact on your beneficiaries
They receive income tax-free proceeds from the life insurance. But they must pay income tax – at their rate – on the distributions taken from the retirement plan after you pass away.
Buy life insurance; leave the remaining funds in your plan to charity
What happens
Your assets continue to grow tax deferred, and you can take distributions to fund a life insurance policy to provide for your loved ones. Then you arrange for the remaining assets in the retirement plan to be transferred to a qualifying charity when you pass away.

Tax impact on your beneficiaries
Your loved ones pay no income taxes on the life insurance death benefit, and your charity pays no tax on the assets transferred from the retirement plan.
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We can help you build generosity into your wealth transfer strategy
When you work with a Thrivent financial advisor, you’ll be on the way to gaining more clarity about your financial strategy and how it can help you give generously to your loved ones, community and society. Find the approach that’s right for you—we can help.
Connect with us
I’m interested in learning more about
*Please select an advice option.
Who will we contact?

To learn more about the privacy of your information, visit our privacy policy.

What is your contact information?
Form Submission Failure

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Illustration of a person trimming a tree shaped like a padlock
We’re excited to connect with you!

We'll be in touch soon.

Next Steps

  1. We will review your request and get back to you within 24–48 hours.
  2. We will match you with a financial advisor that meets your needs.
  3. There is no obligation to buy at any time.
Will and estate planning guide
Do you have a will and estate plan?
If you own assets and personal property, you have an estate worth leaving to the people and causes you care about. This workbook-style guide contains answers to commonly asked questions, a glossary of terms, and worksheets to help you get started creating your will and estate plan, and begin the conversation with your Financial Advisor.
¹ Tax-deferred retirement plans include traditional IRAs, 401(k)s, 403(B)s, 457s, simplified employee pensions, defined benefit plans, defined contribution plans and others. Ask your Financial Advisor for details.

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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