Thrivent Adds Income Advisory Service

A fraternal insurer is trying to do more to help retirees management their investments.

Thrivent Financial for Lutherans, Minneapolis, says its new Thrivent Retirement Income Optimizer service will combine statistical simulations with one-on-one consultations and annual reminders to clients to consider tweaking their portfolios.

Managers of the TRIO service, which will track all of a client's assets, will tell clients when to think about reallocating assets, holding invested assets instead of spending or using assets to create an inflation-adjusted stream of income.