• 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.

  • Madison Immediate Annuities

    Planning for retirement has changed a lot over the years and will continue to do so. While pensions used to be very common, they have now become very rare. This means it’s very important to prepare now for what will happen in retirement. For many, an immediate annuity is a product that could assist with accomplishing this goal.

    About Immediate Annuities

    Before we can get into the details of this product, we must first discuss annuities in general. An annuity is a financial product that functions as an agreement between a person and a financial institution. On one side, the annuity owner 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 these payouts occur. Deferred annuity payments start at later date while immediate annuities can start payouts within a few weeks.

    Immediate annuities are often chosen by retirees who are looking for steady income payments and need them to start soon. Another attractive feature of these annuities is they are tax-deferred, which means you don’t have to pay taxes on this increase until the money is withdrawn.

    You have many different options when it comes to immediate annuities, which can make the decision difficult. A great thing about choosing Retirement Income Strategies for your retirement planning is that we are able to work with several of these financial institutions to provide our Madison customers with options. Through this structure, we are better equipped to find an annuity that fits your needs.

    Contact Us

    Learn more about immediate annuities by meeting with one of our experienced financial professionals in the Madison area. After a simple conversation on your current finances and retirement goals, we will 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

    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.

    » 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.