Are you wondering what a deferred annuity is and how it actually works? If you are looking for a way to grow your retirement savings tax-deferred without the constant fear of stock market crashes, you need to understand the different phases and options of these contracts.

In this completely unfiltered video, Shawn from The Annuity Expert breaks down everything you need to know about tax-deferred annuities. He explains the two main phases of an annuity: the Accumulation Phase (where your money grows through options like MYGAs or Fixed Index Annuities) and the Distribution Phase (where you can take lump sums, systematic withdrawals, or trigger a lifetime income rider).

Shawn explains how adding a Guaranteed Lifetime Withdrawal Benefit (GLWB) to a deferred annuity essentially creates a personal pension plan. This guarantees you a paychec ...