Are you thinking about dumping your entire nest egg into a guaranteed annuity? Stop! Not only is this a terrible financial idea, but the insurance company will actually reject your application!

In this video, Shawn Plummer from The Annuity Expert gives a brutally honest answer on why you should never put 100% of your retirement savings into an annuity. Shawn explains how every insurance carrier has a "Suitability Team" designed to prevent you from tying up all your cash. He reveals the two golden rules of annuity buying: you should generally hold a maximum of 60% of your total net worth in annuities, and you must maintain at least $87,500 to $100,000 in true liquid assets (cash or liquid investments) for extreme emergencies!

Instead of treating an annuity as a catch-all savings account, Shawn explains how to use it strategically. Calc ...