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Gaslizard -

Ordinarily, when withdrawing funds from a non-qualified tax-deferred annuity, one first takes gain (which is fully taxable as ordinary income), then takes basis. If one is under age 59½, a 10% penalty is added to the pain (so waiting helps).

There are methods of withdrawing funds in such a way as to recapture a portion of principle along with gain, but that would involve annuitizing a sum (and there's no reversing such an election).

I'd suggest re-evaluating your position of "wanting out" - consider holding on to minimize tax + penalty, and even look at a tax-free exchange to another, low-cost annuity, if you prefer...

Best wishes, PP
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