Should you use a massive lump sum of cash to pay off your mortgage completely, or is there a smarter way to deploy that money? If you want to kill two birds with one stone, you can actually use an annuity to pay down your house while simultaneously building a permanent retirement income!

In this video, Shawn Plummer from The Annuity Expert answers whether an annuity can pay your mortgage. Shawn breaks down a brilliant financial hack: Instead of giving all your cash to the bank, you use that lump sum to buy a lifetime annuity. The annuity generates a monthly paycheck that perfectly covers your mortgage. Once the house is completely paid off in 15 or 30 years, you keep receiving that annuity paycheck for the rest of your life!

Shawn also explains exactly how to structure this depending on your age. If you are under 59 ½, he reveals how  ...