Are you trying to figure out the best way to maximize your retirement savings, and wondering if you should split your cash between an income-focused annuity and a growth-focused annuity?

In this video, Shawn Plummer from The Annuity Expert answers whether you can (and should) split your money between a GLWB (Guaranteed Lifetime Withdrawal Benefit) and a Growth Annuity. The short answer is YES! In fact, spreading your money across multiple contracts is a brilliant way to ensure your funds stay fully protected under your State Guarantee Association limits.

However, Shawn gives a candid warning on exactly how to execute this strategy. He explains why you should always start by reverse-engineering your income: figure out your monthly baseline needs, fund the GLWB to cover that gap, and then put whatever is leftover into a Growth Annuity.  ...