I am new to the forum and excited to meet all of you. I also apologize if this has been covered before.

I have an annuity and I am going to cash this out to pay off my credit cards. I am aware that cashing out my investments vs CC debt is a smart choice. The apr I am paying is eating up my roi silly so I am getting rid of the annuity.

Anyway to my question. Do I just cash out the annuity bada bing, and pay off my CC debt , or is there a way to roll this into a tax beneficial program then cash it out? I think the taxes will be 10% but lower would be better because then I could pay off more debt instead of taxes. I hope I am clear with my question, please ask me questions to clarify.

thanks