• 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

    Planning for retirement has changed a lot over the years and will continue to do so. It’s tough to depend on Social Security when its future is uncertain. This means it’s very important to prepare now for what lies ahead in retirement. For many people, an immediate annuity is a product that can help them accomplish this goal.

    About Immediate Annuities

    Before we can explain the specifics of this product, we need to talk about annuities in general. At its base level, an annuity is a financial product that is an agreement between an individual and an insurance company. On one side, the owner of the annuity makes a lump sum payment to the company. On the other side, the company agrees to make regular payments back to the individual 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.

    For those looking for recurring income payments within a short amount of time, immediate annuities can be a great choice. The growth of the funds placed within an immediate annuity is tax-deferred, which means you do not need to pay taxes on this increase until the money is withdrawn.

    Because there are numerous companies that sell them, there are several options when it comes to immediate annuities. To help you make a good decision on immediate annuities, Retirement Income Strategies is independent, meaning it can provide you with access to products from several different companies. This structure allows us to find an immediate annuity that will best meets your needs.

    Contact Us

    Want to learn more about immediate annuities in Madison? Meet with one of our experienced financial professionals. After a short conversation on your current finances and retirement goals, we should be able to figure out if an immediate annuity is a good choice for you. Give us a call today and set up 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.