<prompt> Human: I have a choice with part of my retirement package at age 57: a lump sum or annuity. I go back and forth on which one to choose.Any thoughts?Annuity:2981 till age 62, then reduces to 2253 till death.Fixed amount, no COLA.Lump Sum:One time payment of 482K, no other payments. Were good at saving and not spending above our means. I dont really want to manage the lump for the rest of my life, even with using an advisor, but I already have to manage my 401K. I also have a small concern having a lot of my eggs in the stock market.  <response>: I dont really want to manage the lump for the rest of my lifeThen take the annuity.That said it seems the lump sum would be a better deal. 