Worried that your contractually guaranteed annuity paycheck might suddenly drop in the future? While most annuities are designed to pay you the exact same (or higher) amount for the rest of your life, there are a few very specific scenarios where your income can decrease!

In this video, Shawn Plummer from The Annuity Expert answers whether annuity income can decrease over time. Shawn breaks down the three specific situations that trigger a payout reduction. First, he explains the "Advanced Payout" income rider, which is intentionally designed to give you massive payouts in your 60s, but drastically drops in year 11.

Second, he issues a massive warning about what happens if you pull "excess withdrawals" from your lifetime income rider (spoiler: it permanently recalibrates and lowers your future paychecks!). Finally, Shawn expl ...