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News and Insights

Your income is one of your most valuable financial assets. Disability income insurance can help protect that income if illness or injury interrupts your ability to work. Let’s connect and find a coverage solution that meets your needs. See thrivent.com/social for important disclosures.

Secure Act 2.0 & small businesses: What owners should know

American workers and their families gained new retirement savings opportunities when the SECURE Act 2.0 was signed into law in late 2022. The law builds on another retirement game-changer, the Setting Every Community Up for Retirement Enhancement Act of 2019 (the original SECURE Act). However, individuals seeking to boost their nest eggs aren't the only ones who should be paying attention to the new law. The SECURE Act 2.0 affects small businesses as well, providing tools and incentives to benefit both employers and employees. Here are some key provisions that small business owners should know about: https://www.thrivent.com/insights/retirement-planning/how-the-secure-act-2-0-affects-small-businesses

Protecting your small business with life insurance

As a small business owner, there are many things you need to be successful. A great team. Positive customer feedback. A strong read on your competitors. But consider life insurance for a moment. Life insurance also may be an important resource for your business, so it can one day still succeed without you. In addition, it can help secure your loved ones' financial futures, provide a clear succession plan and protect your business from financial harm. With that in mind, here's a closer look at what makes life insurance so important, along with an overview of commonly used types of life insurance for business owners and which might be a wise choice for your needs: https://www.thrivent.com/insights/life-insurance/protecting-your-small-business-with-life-insurance

Small Business Succession Planning: The Basics

Only a third of small business owners have a succession plan. Given the notoriously high demands on business owners' resources, that's not surprising, yet those demands are why succession planning is so critical. Read here about those challenges and their solutions: https://www.thrivent.com/insights/estate-planning/how-business-succession-planning-can-protect-your-small-business

Working with a financial advisor can help strengthen your investing strategy. Together, we can discuss ways you can invest to help reach your financial goals and hedge against volatile market conditions. See thrivent.com/social for important disclosures.

It's never too late to start investing. Whether you're nearing retirement or just beginning to plan, here are some questions to get you started: 1️⃣ What are you investing for? 2️⃣ What is your time horizon? 3️⃣ What is your risk tolerance? If you’re looking for a professional to help you with your investing strategy, let’s talk. See thrivent.com/social for important disclosures.

If you didn’t contribute to Social Security, there are still ways to help ensure you have enough to last you through retirement. Together, we can review your financial plan and discuss ways you can create additional income streams in retirement to supplement your savings. See thrivent.com/social for important disclosures.

When you're focused on running your company, retirement can feel like a distant concern. But your business exit isn't just a transaction. It's a major life milestone that impacts your legacy, your finances and your next chapter. Whether you're thinking of selling your business or transferring ownership, the structure of your exit will shape your future outcomes. And the earlier you start planning, the more choices you'll have. If you're thinking about your transition strategy, let's connect and walk through your options-step by step. See thrivent.com/social for important disclosures.

Supercharge your savings with a traditional or Roth IRA

Wondering how to supercharge your savings plans? Check out our tips and tricks: https://www.thrivent.com/insights/retirement-planning/supercharge-your-savings-with-a-traditional-or-roth-ira See thrivent.com/social for important disclosures.

A qualified charitable distribution (QCD) can be a smart way to turn a required withdrawal into a meaningful gift. A QCD allows you to give directly from your IRA to a nonprofit you care about. It can count toward your required minimum distribution (RMD), potentially lower your taxable income and even help manage your future Medicare costs. Find out more: https://bit.ly/4hmPFKV

Should I do a Roth IRA conversion when the market is down?

The market is down, now what? Most people panic when the market dips, but here are some strategies to keep in mind for next time you may be worried about market fluctuations: https://www.thrivent.com/insights/retirement-planning/should-i-do-a-roth-ira-conversion-when-the-market-is-down See thrivent.com/social for important disclosures.

Today is Tax Day — and a quick reminder that taxes are more than a filing deadline. They’re an important part of your broader financial picture. As soon as you receive your final tax documents, please be sure to send them to your financial professional so they can review, coordinate, and ensure everything aligns with your overall planning strategy. 👉 Staying proactive helps us support better tax efficiency, smarter planning moves, and clearer decisions throughout the year. #TaxDay #TaxPlanning #FinancialPlanning #FamilyFinances #WealthWithPurpose See thrivent.com/social for important disclosures.

Can you have multiple IRAs? Pros, cons & when to consolidate

IRAs and 401(k)s are commonplace, but when do you have too many and how do you know if they are doing what you need them to do? Check out our FAQs regarding consolidation pros and cons: https://www.thrivent.com/insights/retirement-planning/owning-multiple-iras-frequently-asked-questions See thrivent.com/social for important disclosures.

💰 America Saves Week 💰 Saving isn’t just about putting money away — it’s about creating flexibility, opportunity, and choice for your family. From emergency reserves to college planning and long‑term goals, intentional saving helps align today’s decisions with what matters most tomorrow. 👉 This week’s reminder: Pause, review your savings goals, and make sure they reflect both your priorities and your values. #AmericaSavesWeek #SmartSaving #FamilyPlanning #CollegePlanning #WealthWithPurpose See thrivent.com/social for important disclosures.

🌟 National Employee Benefits Day 🌟 Your paycheck is only part of your compensation. Employee benefits — from HSAs and retirement matches to education and family benefits — can play a major role in tax efficiency, cash flow, and college planning. For families balancing growing responsibilities and long‑term goals, understanding and using these benefits thoughtfully can make a meaningful difference. 👉 Today’s reminder: Take a few minutes to review your benefits and make sure they align with your family’s priorities and stage of life. #EmployeeBenefitsDay #FinancialPlanning #FamilyFirst #CollegePlanning #WealthWithPurpose See thrivent.com/social for important disclosures.

Helping your kids learn about money is a gift that grows with them. Start early, build gradually and focus on simple concepts at each stage. These age-appropriate skills can help them develop discipline and healthier money habits as they grow. ➡️ https://bit.ly/4axUyhk

Looking for a kid-friendly way to teach financial literacy? Try the Spend, Save, Give method. It allows them to: ⭐ Spend on things they want ⭐ Save for something big ⭐ Give to make a difference Kids learn best by doing. This simple approach turns money lessons into real-life choices—helping instill discipline and prioritization. And if generosity is part of your family values, it’s a great way to pass that on early.

Happy Read Across America Day!📚

Interest rates are shifting. Understanding the purpose and timeline of your cash can help you decide whether and how to invest it for optimal returns. Ask yourself two questions. ⬇️ See thrivent.com/social for important disclosures.

Saving for retirement? Here’s something to consider: different accounts come with different tax implications. By spreading your savings across taxable, tax-deferred and tax-free accounts, you can give yourself more flexibility in retirement. This makes it easier for you to manage withdrawals, avoid tax spikes and lower your Modified Adjusted Gross Income (MAGI). Get in touch to discuss the right approach for your unique situation. See thrivent.com/social for important disclosures. Thrivent and its financial advisors and professionals do not provide legal, accounting or tax advice. Consult your attorney or tax professional.