Shaq reveals ‘fail-proof’ money move that pays him $1M/month for life at 55. Earn your own ‘forever income’ now Thomas Kent Sat, November 7, 2026 at 6:15 AM EST 4 min read GC=F -0.94% Youtube/Dinner Party Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Shaquille O'Neal saw a guy with a Rolls-Royce and a taste for the Four Seasons and asked him the obvious question.
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The answer came on a napkin. If you've got $100, the man told him, save $50. If you want to get wealthy, spend $25 and put away $75.
Shaq started setting aside endorsement checks and put some of that money into annuities. He thinks they could pay him $1 million a month at 55 (1).
An annuity is a contract with an insurance company. You put money in, and the insurer can pay it back to you as regular income, starting right away or years down the road.
"I don't like to brag but I think at 55 I'll probably get $1,000,000 a month," O'Neal said on Travis Chappell's Dinner Party.
He was investing elsewhere, too. But if those bets went bad, he wanted a check that would still show up. He says he's already started collecting some payments and expects more income at 55, 60 and 65.
To put his plan to work in your own life, you'll need to start a little smaller.
Look at the bills you'd want covered even in a bad investment year. How much of your rent or mortgage, groceries and utilities would your regular retirement checks already pay for?
Say your essential bills total $3,500 a month and Social Security and a pension bring in $2,700. That leaves $800 a month you'd otherwise have to pull from savings or investments.
Ask a licensed insurance agent who sells income annuities how much you'd have to put in to get $800 a month. If that would leave you with too little cash for emergencies, tell the agent how much you're comfortable putting in and ask what it would pay each month.
Say the amount you're comfortable putting in would pay $500 a month. You'd still need to cover the remaining $300 from savings or investments, but you'd have cash on hand for emergencies.
When comparing offers, check that the payments start at the same age and use the same payout terms. A quote that pays only for your lifetime may offer a bigger monthly check than one that keeps paying your spouse after you die.
If the payment is fixed, that $500 will buy less as prices rise. Before you sign, check whether you can get any of your money back and what it would cost.
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If you've worked out how much savings you can comfortably set aside, ask Ethos how much monthly income that amount could buy.
In exchange for a lump sum, you can get guaranteed income for life, backed by the issuing insurer's claims-paying ability. This guarantee requires annuitizing your funds and is subject to the specific contract's terms, including any applicable surrender charges.
You can lock in predictable income you can count on every month and customize your payout schedule to fit your budget. If you need the money now, you can turn a lump sum into income that starts right away.
An income annuity can also help you diversify your retirement income strategy and provide another source of income alongside Social Security, pensions and other savings, with lifetime guaranteed income for those 59 and older, backed by the issuing insurer's claims-paying ability and subject to annuitization, rider elections and contract terms, including surrender charges.
If you're considering an income annuity, book a free consultation with a licensed Ethos insurance agent to explore your options. No purchase is required.
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