Address: 2810 Crossroads Drive Madison, WI 53578 View Map
Phone: (608) 208-1800
Email: Kristian@ri-strategies.com
Website:

About Us

Retirement Income Strategies is a full service independent financial advisory firm focusing on retirement income and wealth planning. Kristian Finfrock, Financial Advisor, strongly believes that individual investors of all income levels and asset sizes deserve the same treatment and planning. He focuses on lowering fees and increasing returns while minimizing risk.

Securities offered through Kalos Capital, Inc. and Investment Advisory Services offered through Kalos Management, Inc., both at 11525 Park Woods Circle, Alpharetta, GA 30005, (678) 356-1100.  Retirement Income Strategies is not an affiliate or subsidiary of Kalos Capital, Inc. or Kalos Management, Inc.

 

Retirement Income Strategies FAQ

Q: How much will I need to retire?
A:
This number is different for every person. It depends on a multitude of factors such as your pre-retirement earnings, the lifestyle you desire in retirement, and length of your retirement. It is important to work with a Financial Advisor to find “your number” and create a plan to help achieve this goal.

Q: How can I save for my child’s college education?
A:
Experts say that someone born in 2012 and entering a public college or university in 2030 can expect to shell out more than $100,000 for an undergraduate degree. A private college may run upwards of $260,000. There are several college savings plans to choose from each offering different benefits and drawbacks. In addition to providing a means of establishing a regular savings program for you, there are potentially big tax advantages--namely that your investment may grow tax-free until the child enters college and can then be withdrawn untaxed to pay tuition. Sit down with an advisor today and learn which plan may be best for you.

Q: Can I generate tax free income?
A:
Yes. There are ways to generate tax free income. Many people dream of having more money in the bank. Just as many dream of paying less tax. It is important to understand the differences between taxed, tax deferred, taxable, and tax-free income, and ideas on how you can take better control of your financial affairs now, and be set for retirement.

Q: I have a 401K at a former employer, what should I do with it?
A:
Since your 401(k) assets are often a significant portion of your retirement savings, it’s important to weigh the pros and cons of your options. You generally have four choices: • Leave assets in a previous employer’s plan • Roll over the assets into an IRA • Roll over the assets to a new employer’s workplace savings plan, if it is allowed • Cash out, or withdraw the funds Sit down with a Financial Advisor and find the option that makes sense for you.

Q: Do I need life insurance as part of my financial plan?
A:
Life Insurance can play a very important role in your financial planning. There are several reasons to purchase life insurance, however, your need for life insurance may vary with age and responsibilities. You may need to replace income that would be lost with the death of a wage earner. You may want to make sure your dependents do not incur significant debt when you die. Life insurance may allow them to keep assets versus selling them to pay outstanding bills or taxes. Talk with a Financial Advisor to learn how much coverage and what type of life insurance may be appropriate for your situation.

Q: How much is this going to cost me?
A:
The initial consultation is almost always free. Because Financial Advisors get paid in many different ways, it is important to know that you may already be paying someone if you currently have investments or retirement accounts. In many situations, you never actually write a check to pay an advisor. Advisors are often paid by expenses and fees that are already present in your holdings. Advisors get paid by commissions, or fees, or sometimes both. It is essential to sit down with a Financial Advisor, and learn what may be best for your situation.

Q: Can I guarantee growth and/or income?
A:
One of the greatest challenges in retirement is figuring out how to convert a pile of savings accumulated over a lifetime into a monthly stream of income that you can't outlive. The issue is gaining new urgency as the oldest of the baby-boomers are turning 65. They are ushering in a new era in which retirees must anticipate longer life spans, stock market volatility, low interest rates on savings and rising health care costs. The good news is there are ways to add guarantees to your portfolio. There are a variety of financial tools available to help grow and produce income from your money. Financial plans generally include strategies that include products from banks, investment companies, and Insurance companies. It is important to sit down with a Financial Advisor and learn the benefits and draw backs of each strategy and decide the appropriate allocation for you.

Evansville Office
7 East Main Street, Suite 6 Evansville, WI 53536
(608) 208-1800
Map Location