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Be Wise With Money

How Will You Turn Assets Into Retirement Income?

Retirement Income Summary tool offers solutions to create the income you need in retirement

a video about retirement income

If you have a retirement planning strategy in place, you’ve likely been taking the right steps in preparing for retirement.

But what about when you reach that part of your life when, instead of planning for retirement, you’re ready to start living in it? Do you know how you’ll turn your hard-earned savings into a steady income stream that will last as long as you do?

At Thrivent Financial, we do more than just guide you as you grow your nest egg.

In addition to our current retirement tools available, we now offer our Retirement Income Summary (RIS) tool to help you feel more comfortable and confident about transitioning into retirement.

The RIS is a first-of-its-kind tool that may help you solve your personal retirement income puzzle by showing you the best and most efficient ways to distribute your income during retirement. We provide options and you choose which solution is best for you.

Here’s how it works:

You’ll sit down with a Thrivent Financial representative to discuss your retirement goals and the purpose for your retirement assets, as well as any information you may have provided on other Thrivent retirement tools.

Your financial representative will input your asset information into the RIS tool to generate potential solutions to fund your retirement income needs. And because you can adjust some of your information and rerun the tool, you can see how doing different things – such as changing your retirement age from 62 to 67– could affect your scenario outcome.

Overall, the RIS tool offers insight into how adjusting your approach to retirement using a certain combination of products could result in a more favorable solution to your retirement income needs. It helps paint the picture of your retirement income over time so you don’t run into any surprises down the road.

Contact Thrivent today at 800-847-4836 to connect with a local representative and see how the RIS tool could help you transition into a fearless retirement.

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