Bring your retirement into focus
Whether retirement is far off or fast approaching, now’s the time to plan. We offer personalized advice and tax-efficient savings strategies to help you achieve your retirement goals.
Keeping your retirement goals within reach
You can’t control how markets behave. But you can take charge of your retirement strategy by focusing on your goals now.
Give your money a chance to grow with a traditional or Roth IRA.
Discover a variety of funds to help you build a diversified portfolio.
Take control of unknowns—such as how long savings will need to last.
4 stages of a big-picture retirement strategy
From planning to spending in your golden years, we’ll help you build a holistic retirement strategy. So you can feel more confident at each stage.
Plan
Make your retirement a reality by creating a savings and investment strategy.
Save
Start saving early to build wealth. Consider a workplace retirement plan or individual account.
Review
Make adjustments to stay on track through life changes such as a new job, baby or marriage.
Spend
When retirement arrives, strategize to ensure savings and income last a lifetime.
Plan
Make your retirement a reality by creating a savings and investment strategy.
Save
Start saving early to build wealth. Consider a workplace retirement plan or individual account.
Review
Make adjustments to stay on track through life changes such as a new job, baby or marriage.
Spend
When retirement arrives, strategize to ensure savings and income last a lifetime.
Build a financial plan
that is right for you
that is right for you
Make better informed decisions about your financial future and discover more strategies to reach your financial goals.
Retirement FAQ
Explore quick answers and additional resources on saving for retirement.
How much money do I need to retire?
The minimum recommended amount to save for retirement hovers around seven to eight times your yearly income. That might sound like a lot, but you can get there by setting savings goals along the way (e.g., having three years' salary saved by your 40s). Retirement looks different for everyone, so it’s best to discuss your savings strategy with a financial advisor.
Learn how to save enough for retirement
What is the best retirement plan?
The best retirement plan is the one that allows you to reach your ideal retirement without strapping your finances in the process. There is no one-size-fits-all solution; however, diversifying your approach to retirement planning might be a good place to start.
Thrivent's 2022 Retirement Readiness Survey found that among those nearing retirement, 42% intend to rely on a mix of assets such as a 401(k), personal savings, Social Security benefits and individual retirement accounts (IRAs). Check out our simple guide to the many types of retirement accounts to learn more.
Thrivent's 2022 Retirement Readiness Survey found that among those nearing retirement, 42% intend to rely on a mix of assets such as a 401(k), personal savings, Social Security benefits and individual retirement accounts (IRAs). Check out our simple guide to the many types of retirement accounts to learn more.
Can you have a 401(k) and an IRA?
Yes. If you have access to an employer-sponsored retirement plan, such as a 401(k), 403(b) or similar account, consider taking advantage of that saving opportunity, especially if your employer offers to match a portion of the amount you contribute each year.
If you’ve contributed to your employer-sponsored retirement plan up to the match offered by your employer, consider investing additional funds in an IRA. The type of IRA you choose will depend on your tax filing status and modified adjusted gross income.
Why You Should Contribute to Both a 401k and an IRA: Savings and Tax Benefits | Thrivent
If you’ve contributed to your employer-sponsored retirement plan up to the match offered by your employer, consider investing additional funds in an IRA. The type of IRA you choose will depend on your tax filing status and modified adjusted gross income.
Can I retire at 50?
Why not? Retiring at 50 is definitely doable. The short answer is to minimize your current expenses and save a large chunk of your paycheck. The longer answer involves strategically forecasting future expenses and understanding your income sources. Check out the article below to learn more.
How to retire at 50
Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.
While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.
Holding an annuity inside a tax-qualified plan does not provide any additional tax benefits.
Investing involves risks, including the possible loss of principal. The prospectus and summary prospectuses of a variable annuity contract and underlying investment options and mutual fund prospectus contain more information on the investment objectives, risks, charges and expenses, which investors should read carefully and consider before investing. Available atThrivent.com
While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.
Holding an annuity inside a tax-qualified plan does not provide any additional tax benefits.
Investing involves risks, including the possible loss of principal. The prospectus and summary prospectuses of a variable annuity contract and underlying investment options and mutual fund prospectus contain more information on the investment objectives, risks, charges and expenses, which investors should read carefully and consider before investing. Available at
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