• 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 Fitchburg

    No matter what we prefer, planning for retirement is changing and will continue to change. While Social Security and pensions have been reliable options for retirement income, they have shifted to a point where they will only be available to some. Because of this, it’s important that people prepare now for their future. To achieve this goal, many people have turned to immediate annuities.

    About Immediate Annuities

    First, let’s discuss a general definition of annuities. Basically, an annuity is a financial product that functions as an agreement between an individual and an insurance company. The person agrees to make a lump sum payment to the financial institution, who agrees to make regular payments back to the person at a predetermined time. There are two basic types of annuities, deferred and immediate, that determine how and when these payouts occur. Deferred annuities feature payouts that are pushed aside to a later time; the payouts of immediate annuities can start immediately.

    For those looking for steady 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an immediate annuity is tax-deferred, which means you do not need to pay taxes on this increase until the money is withdrawn.

    Because there are numerous companies that sell them, there are a lot of options when it comes to immediate annuities. The great thing about choosing Retirement Income Strategies for retirement planning is that we are able to work with many of these financial institutions to provide our Fitchburg clients with options. Through this structure, we are better equipped to find an annuity that fits your needs.

    Contact Us

    Ready to learn more about immediate annuities? Talk to one of our experienced financial professionals in the Fitchburg area. We would love to talk about your financial situation and retirement goals to determine if one of these products would be the right choice for you. Call us today to schedule your appointment.

    Kristian Finfrock

    kristian

    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.

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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.