Inherited Annuities

My mom passed in 2020 and my sister and I split 6 Annuities, each of us getting about $500,000. At the time we had to transfer accounts into our names but left them on a 10 year Hold status so they are only earning about 1-1.25% per account. I am going to be 56 in September and my sister will be 58 in October. In this past year, we have both started taking a small amount as we understand that at that 10th year, we must liquidate those accounts completely and do not want to be hit with a Huge Tax all in 1 year. I have recently talked with a financial advisor and have an upcoming appointment with another but the 1st nearly had me convinced to transfer all annuities into what I thought was called an Inherited IRA, which he touted to be exactly what I have but will earn nearly 4+% interest per account. He sent me some papers to review and I have since backed off as of course, he never mentioned fees and how he gets paid and now it appears that he takes a percentage of that 4.?, I think it was .75% but I am still unsure if that’s monthly or annually and have a follow up appointment with him to ask all my questions, after my next appointment with the next financial person so that I can TRY to compare and make the best Uneducated decision for my parents money! Additionally, although he said it’s the same type of account, from the best I understand the money will be in a Conservative Mutual Fund, which still has the risk of loss even though right now the Interest rates are going Up. I do not know enough about “The Market” to feel confident in making this decision and then Trust someone that does not know me and my family. I am not interested in losing my parents hard earned money that they spent their life saving and not enjoying. As a side note: I would really like to put about 1/2 of these funds into something for my only nephew (other sister passed away) and I did not have any kids so I’d like for him to get what would have been his mom’s part. I truly appreciate your time and your knowledge. Rene’