The real question is why you are paying ANY fees for your IRA! Contact Fidelity or Vanguard and have them do a direct rollover. The costs are minimal there, and you will have a choice of investments, and they will even advise on a balance of risky investments and safer ones.
You don’t want an annuity because it locks in fixed payments — and you could have 20 years or more to live. At just 35 inflation, the spending power of that monthly check would be cut in half in less than 25 years! Instead, create a budget based on your monthly income — and eventual Required Minimum Withdrawals — and then invest conservatively and inexpensively in your IRA. And be sure to name a beneficiary when you roll the account over.