• 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 the years. While pensions used to be very common, they have now become very rare. This is why it is important for people to prepare now for their retirement future. For many, an immediate annuity is a product that can help them accomplish this goal.

    What Is An Immediate Annuity?

    First, let’s discuss a general definition of annuities. Basically, an annuity is a financial product that functions as an agreement between a person and an insurance company. The annuity owner makes a lump sum payment to the company, who agrees to make payments back to the owner at a later time. There are two basic kinds of annuities, deferred and immediate, that determine how and when these payouts occur. Deferred annuity payments start at later time while immediate annuities can start payouts within a few weeks.

    Immediate annuities are typically selected by people who want steady income payments and need them to start soon. The growth of the funds 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an immediate annuity is tax-deferred, which means you aren’t required to pay taxes on this increase until the money is withdrawn.

    Because there are many companies that sell them, there are a lot of options when it comes to immediate annuities. By working with Retirement Income Strategies, you’ll gain access to many of these companies and have options available as you select a Madison immediate annuity. This allows us to select the immediate annuity that will best fit your needs.

    Contact Us

    Want to learn more about immediate annuities in Madison? Meet with one of our knowledgeable financial professionals. After a simple conversation on your current finances and retirement goals, we will be able to determine if an immediate annuity is a good choice for you. Please call us today 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

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    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.

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    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.