Are you worried about how you are going to cover your basic living expenses—like groceries, utilities, and housing—once you stop working? What if you could build a permanent safety net that guarantees your essential bills are always paid?

In this video, Shawn Plummer from The Annuity Expert answers whether you can use an annuity specifically to cover your essential expenses in retirement. Shawn explains that this is actually the #1 way we recommend using these products! He breaks down the simple "Income Gap" strategy: First, calculate your total monthly essential expenses. Next, subtract your guaranteed Social Security benefits. Finally, use an annuity to perfectly fill whatever gap is left over!

Shawn also explains how to add a "cushion" or a Cost of Living Adjustment (COLA) rider to combat inflation, and why younger successful peopl ...