• Discover the many opportunities available to help secure your financial future through the use of a comprehensive suite of investment and insurance products.

    At Retirement Income Strategies, we can help you determine a strategy appropriate for your financial situation.

  • Immediate Annuities in Madison

    The products we rely on to plan for retirement have changed a lot over time. It is tough to rely on Social Security when its future is in doubt. This means it is very important to prepare now for what will occur in retirement. An immediate annuity is an insurance product that have helped people accomplish this goal.

    What Are Immediate Annuities?

    Before we can explain the specifics of this product, we must first talk about annuities in general. An annuity is a financial product that functions as an agreement between a person and an insurance company. The person buying the annuity makes a lump sum payment to the company and the company agrees to make regular payments back to the owner at a predetermined time. There are two basic kinds of annuities, deferred and immediate, that determine how and when these payouts occur. While deferred annuities do not start until a later date, immediate annuities can start immediately.

    For those in need of recurring income payments within a short amount of time, immediate annuities are a common selection. The growth of the money placed within an immediate annuity is tax-deferred, which means you aren’t required to pay taxes on this increase until the money is withdrawn.

    You have a lot of different options when it comes to immediate annuities, which can make the decision difficult. To help you make an informed decision on immediate annuities, Retirement Income Strategies is independent, meaning it will provide you with access to products from several different companies. Because of this, we’re better equipped to find an annuity that meets your needs.

    Contact Us

    Meet with one of our knowledgeable financial professionals to learn more about immediate annuities in Madison. After a short conversation on your current finances and retirement goals, we should be able to figure out if an immediate annuity is right for you. Give us a call now to schedule your appointment.

    Kristian Finfrock

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    Our founder and top financial professional, Kristian Finfrock, wants you to maintain a retirement savings that is not majorly impacted by today's volatile market. Contact us at 888.275.3935 to learn more.

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    Ed Slott’s IRA Corner

    Ed Slott runs the Elite IRA Advisor Group dedicated to spread the word about smart retirement strategies.

    Members of Ed Slott’s Elite IRA Advisor GroupTM are dedicated to being leaders in the IRA industry and protecting their clients’ families’ futures.

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    Upcoming Events

    Retirement planning is simple when you partner with the wealth management professionals at Retirement Income Strategies.

    Our retirement planning professionals offer a number of events to provide education and assistance with senior life insurance, financial planning, and more. Click below to view our upcoming calendar.

    » Calendar of Events

    At Retirement Income Strategies, helping you meet your financial needs is our FIRST priority

    Contact us at info@ri-strategies.com or call us at 888.275.3935 to schedule a time to discuss your financial situation and the potential role of insurance or investments in your financial strategy.