Estate planning guide: Essential documents & checklistAs you plan for the future, consider how you want to leave a legacy for the ones you love. This guide provides a checklist of things you’ll want to include in your estate plan, a list of important documents to consider and frequently asked questions. ⬇️
Business startup costs: 10 basics to plan forAre you thinking of starting your own business? Check out 10 start up costs that you’ll want to consider for your newest venture.
Biden signs Social Security Fairness Act into lawThis is huge news for folks who were denied or reduced their Social Security benefit due to having a government pension. If you or someone you know worked a job where you didn't pay into Social Security and instead got a pension (many government employees and public school teachers), but previous to or after that did work for some years where you did pay into Social Security, you likely have a small Social Security benefit that was denied or reduced to you via the GPO (Government Pension Offset). Now, with the signing of this law, you are entitled to collect that Social Security amount in addition to your pension. This also affects widows/widowers receiving similar pensions.
Questions on how this might affect you pr someone you know? Reach out to our office and we'll help!
*Thrivent financial advisors and professionals have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration. See thrivent.com/social for important disclosures.
December 2024 Market Update: Stocks keep rollingLearn how markets evaluated the presidential election results in Thrivent Asset Management’s December 2024 Market Update.
Now is the time to review your finances and set yourself up for success in 2025. Here are some action items you may want to consider:
• Assess progress on your financial goals and determine if adjustments are needed.
• Ensure your minimum required amount of RMDs are withdrawn from retirement accounts.
• Make additional charitable contributions by year-end to potentially reduce tax liabilities.
• Review and update beneficiary designations on bank and retirement accounts, life insurance policies and annuities.
See thrivent.com/social for important disclosures.
Thrivent Market & Economic updateGet Thrivent’s take on the post-election market, the future of artificial intelligence, inflation, employment and more during this quarter’s Market & Economic Update.
How do taxes on Social Security work?Wondering how and if you will be taxed on your Social Security income? It depends on your income and filing status. Let’s connect and discuss how to be strategic about where you pull your retirement income from. There’s potential you may be able to reduce the amount of taxes you owe on Social Security.
Solo 401(k): Definition, rules & taxesBeing your own boss means being responsible for your own retirement savings plan. A solo 401(k) may be right for you. ⬇️
How to talk to your parents about estate planning with compassionThe hard conversations are often the ones most worth having. Get helpful guidance here 🔽
Longevity risk: What it is & how to prepare for it in retirementA long life is a blessing to enjoy, but it also requires careful preparation. Living longer than expected (also known as longevity risk), can put pressure on your retirement savings. Here's how to protect your future. ⬇️
Do you need disability insurance?What happens when you don’t have income protection and a sudden illness or injury prevents you from working? Here are some key facts to know about disability income insurance and how it can benefit you.
#DIAM24
With house prices skyrocketing, the decision of buying vs. renting a home has become even more complex. There’s no one-size-fits-all answer when deciding.
Check out this article to help you evaluate your short- and long-term needs along with your financial considerations: https://bit.ly/3VQwPTD
Are you prepared for the tax impact of taking money out of your IRA and other tax-deferred accounts?
Let’s connect to make sure you’re doing all you can to maximize your retirement income and reduce your tax burden.
See thrivent.com/social for important disclosures.
1st Quarter 2024 Market Review: Surging stocks and sticky inflationRead Thrivent Asset Management leadership’s thoughts on stock and bond markets after the first quarter of 2024, as well as their concerns about inflation looking forward.
June 2023 Market Update: Debt crisis averted while tech stocks surgeTechnology stocks have been on a roll in an otherwise sluggish market, but resolution of the debt crisis helped stabilize the markets. For a review of key market and economic developments, read the June 2023 Market Update.
Thrivent Market & Economic updateNeed help making sense of the market? Watch a recap of Thrivent’s March Market and Economic Update for key insights on the latest trends.
Do you have a New Year’s resolution to save more or pay down debt in 2023? Money Canvas is a free coaching service from Thrivent that helps you modify your spending habits, so you can put more money toward your priorities. Commit 1 hour to start on your money goals and sign up for your first virtual coaching session at thrivent.com/moneycanvas.
Do you need disability insurance?What happens when you don’t have income protection and a sudden illness or injury prevents you from working? Here are some key facts to know about disability income insurance and how it can benefit you.
