I have a TSA with JNL since 1988 . I will be 70 1/2 on July 24, 2017. This account will have $180000. in it on that date and this TSA is accumulating 3% tax sheltered interest. With option #1 , I can annuitize this amount with JNL on July 24, 2017 and JNL will pay me $1187.25 per month for a guaranteed twenty years and even longer should I live longer than twenty more years. This means JNL will be giving me $104000. plus the $180000 over the next twenty years for a total of $284000. This plan is a life plus 20 years certain. Option #2 is to leave the $180000. with JNL and let it earn 3% tax sheltered while I take out a RMD each year and reinvest that amount into a mutual fund. Which of these two options would be the best investment ? I could roll the whole $180000. over into a mutual fund and withdraw only the RMD but Hate to take that much risk on at my age.