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Be Wise With Money
Which IRA is right for you?
August 2, 2017 | Kristin Baird Rattini; excerpted from Thrivent magazine
An individual retirement account, or IRA, is a versatile long-term savings tool—one you may want to consider. But before you open an account, you need to pick between a traditional and Roth IRA. To make that decision, learn the difference between the two and then
How to talk to your adult children about your finances
August 2, 2017 | Molly Culbertson; excerpted from Thrivent magazine
As you age, it’s essential to discuss the future with your family. Talking about your plans and what financial resources you have is key to making your goals a reality, says Al Kvitek, a Thrivent
Don't get caught in these 5 financial traps
July 28, 2017 | Molly Culbertson; excerpted from Thrivent magazine
Thrivent Financial representatives share some of the most common money traps they see and how to avoid them by changing your habits. Follow their ideas, and you'll be able to pay off debt sooner, save more and worry less.
Social Security & retirement: What to know now
July 27, 2017 | Margaret Poe; excerpted from Thrivent magazine
Generally speaking, you earn benefits after working and paying Social Security taxes for at least 10 years. At the time you're eligible for benefits, you don't simply get back what you paid in. Instead, the Social Security Administration looks at your lifetime earnings and makes adjustments based on the national average wage index. Then it uses a formula to determine a benefit amount based on your highest 35 years of earnings. Higher earnings result in higher monthly benefits.