In this video, Shawn Plummer from The Annuity Expert gives a candid breakdown of exactly how freelancers can use annuities to build their own "DIY Pension." Shawn explains the difference between funding an annuity with qualified money (like a Traditional, Roth, or SEP IRA subject to standard IRS contribution limits) versus using non-qualified (after-tax) cash, which has absolutely zero contribution limits!

Shawn reveals two brilliant strategies for self-employed workers with unpredictable incomes. First, if you need immediate income to stabilize your cash flow during lean months, you can use a SPIA to generate a permanent paycheck while legally avoiding the 10% IRS early withdrawal penalty. Second, if you are planning for the future, you can reverse-engineer your retirement! By using a Fixed Index Annuity with an Income Rider (GLWB), you ca ...