Advice about annunity payouts?

I have a small annuity. In 5 months I will be 59-1/2 The company informed me that I can take a yearly payout. The amount is very small $500 on $5000. There are two choices and I want to know the best choice:


a) Take the payout in cash over 9 years and pay 20% fed tax each year


or


b) Roll the payout into an IRA over a 9 year period.





Note: I am a fatalist. I don't have children or husband and the company told me should I die the money goes back to the company.


what is the best move to make?Advice about annunity payouts?
b) Will make you the most money. It grows tax free in an IRA. In 11 years you will have to start taking distributions and pay taxes then.