Pam wrote:Gordon, alec, mickeyd and Murray. I really appreciate your advice and the background information about Thrivent. The Thrivent advisor my friend talked to is a former Lutheran pastor, which made a huge impression on her. In fact, since my original post, two of her relatives are also planning to sign up with him!
Thanks to all of you for your counsel. You've made me feel much more confident about trying to get her to stay with Vanguard.
In fact, since my original post, two of her relatives are also planning to sign up with him
burt wrote:Ditto everything above. My Mother was put into a Thrivent annuity wrapped inside an IRA with high expenses. High early withdrawal fees.
If you want to help the church, stay away from Thrivent and put your fund expense savings in the offering plate.
Pam wrote:Alec, good idea to try to make clear to my friend that the Thrivent "advisor" is a salesman. She said that he was "very helpful, and wasn't 'like a salesman'." Pam
Pam wrote:Does anyone have knowledge about investing at Thrivent Financial for Lutherans?
I'm trying to help an 89 year old friend who has inherited her son's estate, which is currently invested at Vanguard. Following the recommendation of some of her Lutheran church friends, she met with a Thrivent advisor and is considering moving the Vanguard investments there.
When I looked up Thrivent's prospectus on the net, they looked very expensive, with up to a 5% load, and 1.26% per annum mutual fund expenses. But she liked the advisor and the apparent church connection seems to put her mind at ease. Would it be best to encourage her to stay with Vanguard, or to suport her move to Thrivent?
Any advice would be much appreciated.
Call_Me_Op wrote:No!!! I recently saw an episode of "American Greed" that warned of investing with friends from church. Stick with known respected big names!
Users browsing this forum: No registered users and 29 guests