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God, I hate Thrivent-Venting

Posted: Wed Aug 31, 2016 9:24 am
by Spock
Thrivent is sort of Lutheran fraternal benefits non-profit thingie. The profits are fed back to your church or a church camp or wherever you designate. Idea is good, but, my god, the salesmen are some of the slimiest I have ever seen.

From late 2008 to mid 2010-Mrs. S tried her hand there and it didn't work out-however, very little of my hatred for Thrivent is based on her horrible experiences there as I had very low expectations for her there. I had been involved with other similar companies and had seen just how tough it is to establish a career in that field.

Anyway, my parents are in their mid 70's and they have been Thrivent members (or its predecessor companies) for decades. However, they are at the stage of life where they are not going to be putting more money in, not with Thrivent anyway. They are required to take a annual distribution from their IRA's. They both have IRA's with several companies, but I have my mother take her total required distribution from all the IRA's from the Thrivent one.

However, because they are at that stage of life. none of the slimy sales reps from the relevant particular office want to handle their business because there no potential commissions. And yes, that office has the most slimy salesmen I have ever seen. There are 4 salesmen working out of that particular office.

A year ago, there was a young woman working there and she was assigned to that office and had my parents as her clients. They give the newbies the crappiest customers like my parents.

In 2015, my mother and I met with the young woman to take her IRA distribution. During that meeting. one of the slimiest salesmen I have ever met sat in on it. His obvious goal was to convince my mother to reinvest her withdrawal in another Thrivent product. That wasn't going to happen anyway, but he had no chance as both mother and I could not stand the guy from the first second.

As soon as he saw that we were not going to reinvest (and give him a commission)-he said he had to "take a phone call" and he would be back shortly. Yeah right-we didn't just fall off the turnip truck. There was no way he was coming back.

Fast forward a year-Summer 2016 and it is the time that I help my parents with their required IRA distributions.

The young woman who was my parents' agent is no longer with Thrivent (no surprise). However, it would be reasonable to assume that one of the other 4 agents in that office could help us.

2 days ago, I called up there and left a message for an agent. We know one of the greaseballs fairly well through long-time family connections. He was on the phone, but I specifically asked him to call me back that afternoon and what we needed to do.

He did not call me back, so I am a little torqued about that from that point on.

Yesterday, my dad had an appointment with another company for his distribution at 4. So we stopped at the Thrivent office at 3, just to see if we could catch somebody. 2 of the agents were getting ready for a conference call, so they could not see us.

I had talked 2 days ago to a secretary named Mary and left my message, the one yesterday was a different lady and said "I saw the email and we sent it to corporate because none of these reps are assigned to you."

Really, they can't return a &*^%$* phone call and tell me that. Plus, my parents are 50 Year members (or however long) and they are the dog crap on the bottom of your shoes and nobody in the office wants to waste 5 minutes to help them.

Plus there is me. We have a lot of life insurance through Thrivent from when Mrs S worked there-this is life insurance that we needed anyway for business reasons. I write them at least 20 checks a year and you can't return a frickin phone call because it is not worth wasting 5 minutes to help my parents.

I am really glad that we could not see an agent there yesterday-I was pissed and the office just felt slimy-I will never go back to that office again.

Ever since Mrs S was done there-her and I have been assigned to corporate, by her choice, but she always said that there is an agent in another town that she was good to her when she worked there and that we should be assigned to him-so we started that process yesterday for both us and my parents.

Re: God, I hate Thrivent-Venting

Posted: Wed Aug 31, 2016 6:55 pm
by Estonut
Have you registered as a member on their website, https://www.thrivent.com/?

Most investment firms allow you to do simple transactions on-line these days.

Re: God, I hate Thrivent-Venting

Posted: Thu Sep 01, 2016 12:26 pm
by Spock
Estonut wrote:Have you registered as a member on their website, https://www.thrivent.com/?

Most investment firms allow you to do simple transactions on-line these days.
Yeah, I know-Mrs S was advocating that also.

I do manage the plurality of Dad's IRA in an online brokerage and that will be the last one that we take any money out of.

The problem is that both Mom and Dad have several small IRA's from (for lack of a better term) full-service financial providers and I want to limit the creation of new passwords and so forth. It is only 1 transaction a year, and maybe not even that-if we choose different IRA's to take from each year.

So I figure that those firms can step up with their promoted virtue of providing services and take care of this small issue for them.

Re: God, I hate Thrivent-Venting

Posted: Thu Sep 01, 2016 1:01 pm
by SpacemanSpiff
Spock wrote:
Estonut wrote:Have you registered as a member on their website, https://www.thrivent.com/?

Most investment firms allow you to do simple transactions on-line these days.
Yeah, I know-Mrs S was advocating that also.

I do manage the plurality of Dad's IRA in an online brokerage and that will be the last one that we take any money out of.

The problem is that both Mom and Dad have several small IRA's from (for lack of a better term) full-service financial providers and I want to limit the creation of new passwords and so forth. It is only 1 transaction a year, and maybe not even that-if we choose different IRA's to take from each year.

So I figure that those firms can step up with their promoted virtue of providing services and take care of this small issue for them.
Silly question -- Can you take these various small IRAs and transfer them to one big IRA (obviously one for each of your parents) or into an existing one outside of this firm? If so, and the fees involved aren't egregious, I'd yank them out (or at least threaten to do so if you get the grief you got this year).

I know that isn't the easiest -- for instance, I know I can't merge the inherited IRAs I have with the IRAs I have on my own. But it's worth a look into, if only to bluff these sleezeballs.

Re: God, I hate Thrivent-Venting

Posted: Thu Sep 01, 2016 1:30 pm
by Spock
SpacemanSpiff wrote:
Spock wrote:
Silly question -- Can you take these various small IRAs and transfer them to one big IRA (obviously one for each of your parents) or into an existing one outside of this firm? If so, and the fees involved aren't egregious, I'd yank them out (or at least threaten to do so if you get the grief you got this year).

I know that isn't the easiest -- for instance, I know I can't merge the inherited IRAs I have with the IRAs I have on my own. But it's worth a look into, if only to bluff these sleezeballs.
Yes, you can do that (as far as I know)-However, this is where small town life enters the equation.

They each have a long-standing smallish IRA through an insurance company that was purchased through our small town bank. The salesman (older than my parents) is now involved with an independent agency (providing that product) with his son-in-law. The salesman is also the organist in our church and has repeatedly told my parents that they are getting a really good return on that IRA. So, that one is basically untouchable.

They also both have another one that is also untouchable because of business and personal connection reasons. So you get the idea.

However, dad and I are both on the same page that the online brokerage IRA is the last one we take out of. Plus, if/when it comes down to an inheritance situation-I want to keep that one going under me (I think it is possible) because it is my baby.

Even Thrivent should be better now with them assigned in the stable new office and not being repeatedly assigned to the latest newbie (who will likely be there a year or so). And Thrivent for all that I don't like it-does kick money into local benefits-say someone whose house burned-based on how many Thrivent members work at, or attend, the benefit. So you almost have to continue the membership.

Re: God, I hate Thrivent-Venting

Posted: Thu Sep 01, 2016 2:49 pm
by Bob78164
Ever since I read this thread, I've been starting to see ads on Yahoo! for Thrivent. I'm pretty sure that before you posted this thread, I'd never heard of them before.

Thanks, Spock. :shock: --Bob

Re: God, I hate Thrivent-Venting

Posted: Thu Sep 01, 2016 3:53 pm
by Spock
Bob78164 wrote:Ever since I read this thread, I've been starting to see ads on Yahoo! for Thrivent. I'm pretty sure that before you posted this thread, I'd never heard of them before.

Thanks, Spock. :shock: --Bob
Glad to enlighten you. Just pick an office without greasy salesmen.

FWIW, when Mrs S was working there she showed me some of the regional sales level type stuff. It was awe-inspiring in a way, to see just how dominant southern California was in the sales stats even for Thrivent. This is obviously an area without a strong Lutheran presence-showed just how much money there is in Orange County-etc.

Re: God, I hate Thrivent-Venting

Posted: Thu Sep 01, 2016 5:29 pm
by Estonut
Bob78164 wrote:Ever since I read this thread, I've been starting to see ads on Yahoo! for Thrivent. I'm pretty sure that before you posted this thread, I'd never heard of them before.

Thanks, Spock. :shock:
Did you Google/Yahoo/Bing the name? If so, it's your own fault!

Re: God, I hate Thrivent-Venting

Posted: Thu Sep 01, 2016 6:34 pm
by Bob78164
Estonut wrote:
Bob78164 wrote:Ever since I read this thread, I've been starting to see ads on Yahoo! for Thrivent. I'm pretty sure that before you posted this thread, I'd never heard of them before.

Thanks, Spock. :shock:
Did you Google/Yahoo/Bing the name? If so, it's your own fault!
Didn't search for it in any way, shape, or form. --Bob

Re: God, I hate Thrivent-Venting

Posted: Fri Sep 02, 2016 7:48 am
by Spock
Hmm, I wonder what kinds of ads people will see if I mention "Gay Asian Midget Porn." :twisted:

Re: God, I hate Thrivent-Venting

Posted: Fri Sep 02, 2016 8:39 am
by themanintheseersuckersuit
After reading Mike Gliniecki's posts on FB I got ads for a Polski Pride pin

Re: God, I hate Thrivent-Venting

Posted: Sun Sep 04, 2016 6:45 am
by littlebeast13
Bob78164 wrote:
Estonut wrote:
Bob78164 wrote:Ever since I read this thread, I've been starting to see ads on Yahoo! for Thrivent. I'm pretty sure that before you posted this thread, I'd never heard of them before.

Thanks, Spock. :shock:
Did you Google/Yahoo/Bing the name? If so, it's your own fault!
Didn't search for it in any way, shape, or form. --Bob
I just heard a commercial for Thrivent on the radio this morning coming home from work. I, too, had never heard of them until I read this thread a couple days ago. I don't think Google's to blame for this one....

lb13

Re: God, I hate Thrivent-Venting

Posted: Sun Sep 04, 2016 8:25 am
by Spock
littlebeast13 wrote:
Bob78164 wrote:
Estonut wrote:Did you Google/Yahoo/Bing the name? If so, it's your own fault!
Didn't search for it in any way, shape, or form. --Bob
I just heard a commercial for Thrivent on the radio this morning coming home from work. I, too, had never heard of them until I read this thread a couple days ago. I don't think Google's to blame for this one....

lb13
I suspect that you have heard a radio commercial before and that Bob had seen Thrivent ads before-but you had no reason to pay attention. Now you had run into the name before in another context-so it stuck.

Re: God, I hate Thrivent-Venting

Posted: Sun Sep 04, 2016 5:05 pm
by Estonut
Spock wrote:
littlebeast13 wrote:
Bob78164 wrote:Didn't search for it in any way, shape, or form. --Bob
I just heard a commercial for Thrivent on the radio this morning coming home from work. I, too, had never heard of them until I read this thread a couple days ago. I don't think Google's to blame for this one....
I suspect that you have heard a radio commercial before and that Bob had seen Thrivent ads before-but you had no reason to pay attention. Now you had run into the name before in another context-so it stuck.
That's quite possible. Did you (or someone close to you) ever buy a car and then you start to notice that model whenever/wherever you drive, not having noticed it before?

Re: God, I hate Thrivent-Venting

Posted: Sun Sep 04, 2016 6:30 pm
by Spock
Estonut wrote:That's quite possible. Did you (or someone close to you) ever buy a car and then you start to notice that model whenever/wherever you drive, not having noticed it before?
Another example happened with me about age 10 or 12. I started noticing the female of the species wherever I looked. And they still are everywhere.

Re: God, I hate Thrivent-Venting

Posted: Sun Sep 04, 2016 7:35 pm
by littlebeast13
Spock wrote:I suspect that you have heard a radio commercial before and that Bob had seen Thrivent ads before-but you had no reason to pay attention. Now you had run into the name before in another context-so it stuck.

While that's possible, there's no way it was the ad I heard this morning. Businesses putting their Christian beliefs front and center is always a good eye roll for me, and I think I'd have remembered this one had I heard it before because it was full of it (in more ways than one)...

lb13