Do you want to use your retirement income to help support your grandchildren? Before you transfer any money, you must structure the contract correctly to avoid triggering massive IRS penalties! 🛑💸

In this video, Shawn Plummer from The Annuity Expert explains the absolute safest way to route your annuity income to a minor. The golden rule? You must set the annuity up in your name! Because your grandchildren are under the age of 59 ½, setting the annuity up in their name would trigger an automatic 10% early withdrawal penalty from the IRS. Instead, Shawn explains how to make yourself the owner and annuitant, turn on a lifetime income rider, and route those monthly paychecks to a bank account managed by the child's custodian.

Shawn also addresses a brutally honest reality: what if you do not trust your own children to manage your grand ...