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Insights

I've got valuable information and resources to share. Explore away! And check back often.

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How Secure 2.0 and inflation adjustments will affect retirement savers and spenders. See thrivent.com/social for important disclosures.

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If you have extra income that you would like to save, keep in mind that the employee contribution limit for 401(k), 403(b), and government 457(b) plans is $23,500 in 2025, with an additional $7,500 catch-up contribution for those age 50 and older, for a total of $31,000. New for 2025, workers age 60 to 63 can make a larger "super catch-up" contribution of $11,250 for a total of $34,750. Like all catch-up contributions, the age limit is based on age at the end of the year, so you are eligible to make the full $11,250 contribution if you will turn 60 to 63 any time during 2025 (but not if you will turn 64). See thrivent.com/social for important disclosure information.

If you have extra income that you would like to save, keep in mind that the employee contribution limit for 401(k), 403(b), and government 457(b) plans is $23,500 in 2025, with an additional $7,500 catch-up contribution for those age 50 and older, for a total of $31,000. New for 2025, workers age 60 to 63 can make a larger "super catch-up" contribution of $11,250 for a total of $34,750. Like all catch-up contributions, the age limit is based on age at the end of the year, so you are eligible to make the full $11,250 contribution if you will turn 60 to 63 any time during 2025 (but not if you will turn 64). See thrivent.com/social for important disclosure information.

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The number one financial priority for Americans for 2025 is to reduce debt (42%). Among Americans managing debt, 44% plan to reduce spending on discretionary spending while 41% plan to reduce spending on necessary items. (Source: CFP Board)

The number one financial priority for Americans for 2025 is to reduce debt (42%). Among Americans managing debt, 44% plan to reduce spending on discretionary spending while 41% plan to reduce spending on necessary items. (Source: CFP Board)

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For Illinois taxpayers, contributions of up to $10,000 ($20,000 if married and filing jointly) made to Bright Directions on or before December 31 may be eligible for a 2024 Illinois tax deduction. Checks must be dated and postmarked in 2024 to qualify as a 2024 contribution. Similarly, online contributions must be completed by 11:59 pm CT on December 31! See thrivent.com/social for important disclosure information.

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The benefits of beneficiary planning

The benefits of beneficiary planning

Learn the importance of naming a beneficiary on your retirement accounts.

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5 ways to start investing after college

5 ways to start investing after college.

Buying a car or house? Taking a trip around the world? Investing right after college may help you reach your goals.

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A tax-deferred retirement plan for the self-employed

When self-employed, you may be considering the value of your business being enough to achieve your retirement-savings goals. However, you also have access to retirement plans that may provide you with tax benefits and a second way to help save for retirement.

Learn about tax-deferred retirement plans for self-employed business owners.

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How to help manage investments for your aging parents

The longer your parents live, the more likely it is they’ll need help managing their money—in particular, their investments. It’s smart to discuss and to prepare your parents for that possibility, sooner rather than later.

As your parents age, you may need to help them manage their investments and planning for their future financial needs.

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November’s inflation figure ticked up just 0.3% in November, but in line with economic forecasts. The prices of used cars and trucks led the increases in November, while cereals and baking products got cheaper. (Source: The New York Times)

November’s inflation figure ticked up just 0.3% in November, but in line with economic forecasts. The prices of used cars and trucks led the increases in November, while cereals and baking products got cheaper. (Source: The New York Times)

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2025 Market Outlook: Stay invested, but expect volatility

While there are many potential headwinds, we expect 2025 will confirm that the economy had a soft landing in 2024 and should see sustained and possibly accelerating growth in the year ahead. There are risks to this view, foremost of which is the lack of clarity about the incoming administration’s domestic and foreign policies.

There are good reasons to believe robust economic growth will continue into 2025.

Licensing is available through your State Insurance Department’s website, which can be located through the National Association of Insurance Commissioners website.

Thrivent and its financial professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.

Thrivent financial professionals have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration.

Thrivent provides advice and guidance through its Financial Planning Framework that generally includes a review and analysis of a client’s financial situation. A client may choose to further their planning engagement with Thrivent through its Dedicated Planning Services (an investment advisory service) that results in written recommendations for a fee.

Thrivent is the marketing name for Thrivent Financial for Lutherans. Insurance products issued by Thrivent. Not available in all states. Securities and investment advisory services offered through Thrivent Investment Management Inc., a registered investment adviser, member FINRA and SIPC, and a subsidiary of Thrivent. Licensed agent/producer of Thrivent. Registered representative of Thrivent Investment Management, Inc. thrivent.com/privacy-and-security/disclosures.

Insurance products, securities and investment advisory services are provided by appropriately appointed and licensed financial advisors and professionals. Only individuals who are financial advisors are credentialed to provide investment advisory services. Visit Thrivent.com or FINRA’s Broker Check for more information about our financial advisors.

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For additional information on professional designations and the requirements to earn them, visit https://www.thrivent.com/designations

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