What is defined as temporary employment?

Is there such a thing as buying a pension/defined-benefit plan that's not tied to employment?

• I'm not talking about immediate annuities........ immediate annuities would be after-the-fact. (pay 400k, and you will receive 5% of 400k for life at age 55.) no no.......... im talking about an active pension plan from the start....... (pay 1800 per year for 30 years and will give you x dollars at age 55) can you do that? like what's uncertain is: 1800 you contribute today could be worth a lot more several years in the future so you really don't know the precise value of it. but despite this uncertainty are there annuity plans that let you do this?

• Answer:

  you can purchase a variable annuity from an insurance company. They generally guarantee a certain payment for the rest of your life, they are tax deferred (for retirement planners), and should you die sooner than expected (a spouse can receive a payment). The fine print has to be examined. Being an insurance product they are not FDIC insured, so buying one from anybody that hasn't been in the game a long time with outstanding credit ratings would be crazy.