Living in Retirement

You've worked hard to get here. Whatever your retirement savings and assets, Thrivent Financial for Lutherans can help you make those savings last and thrive in retirement.

Now you have time to focus on things that are important to you. Think about the following to help figure out income and expenses that will accompany your new lifestyle:

• Will you quit working altogether? If not, how much part-time income will you be making?
• Do you have a second residence? How will a second mortgage, travel between your homes, additional insurance and expenses affect your new budget?
• Do you have benefits from your previous employer? Do you need to consider health, life or long-term care insurance?
• Do you have family members who continue to rely on you for financial support?
• Do you plan to volunteer or donate to charities? Are there tax-advantaged ways to do so?

Take RMDs into Consideration

Required Minimum Distributions (RMD) start at age 70½ for most qualified retirement accounts. This means you must take a minimum amount of money out of a plan, either once a year or throughout the year, or face tax penalties. Please consult your tax professional for specific advice.

Consider a Retirement Income Management Program

A retirement income management program can help you secure regular income for life. The Thrivent® Retirement Income Optimizer® (TRIO®)* is a state-of-the-art program that you and your Thrivent Financial representative can use to help manage all of your assets for income in retirement, regardless of where those assets are held.

Incorporate Giving Back

If your newfound freedom allows you the time and resources to give back, you may want to consider supporting the community that has supported you over the years. If you're ready to explore volunteer or giving opportunities, Thrivent Financial for Lutherans has several programs you may want to think about.

• Charitable Giving Options
• Volunteering Programs
• Volunteering Programs
• Thrivent Builds with Habitat for Humanity
• Foundations

Protect Your Loved Ones

If you haven't done so recently, ask a professional to review your will, powers of attorney, beneficiary designations, insurance and investment plans. This important step will help ensure that you and your loved ones are cared for in any event.

Take the Next Step

Your Thrivent Financial representative can help you create and track your income strategy throughout your retirement years. We make it easy to get help with understanding issues like:

• Required minimum distributions.
• Social Security benefits.
• Medicare and Medigap coverage.
• Medicare Supplement insurance.
• Planning for long-term care.
• Setting up a trust.
• Managing retirement income.

If you're ready to develop your own personalized strategy for living – and thriving – in retirement, contact a Thrivent Financial representative today.

* Thrivent® Retirement Income Optimizer® (TRIO) is a fee-based investment advisory service offered by Thrivent Investment Management Inc. Only eligible representatives holding the required licenses and registrations are able to offer TRIO®.

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