Are you relying entirely on your employer pension and Social Security to fund your retirement? While that sounds like a solid plan, you might actually be surrendering total control of your life savings without even realizing it!

In this video, Shawn Plummer from The Annuity Expert answers whether you still need an annuity if you already have Social Security and a pension. First, Shawn explains the classic "Income Gap"—if your combined monthly benefits do not cover your actual lifestyle expenses, an annuity is the perfect tool to bridge that gap.

However, the most important decision you will face is what to do with your pension. Should you take the monthly paycheck or the lump sum? Shawn issues a massive warning: taking the monthly pension benefit means giving up total control of your money! Instead, he explains why rolling your lump s ...