Non-IRA annuity used to pay off home equity loan

Have home equity loan balance of approx. $67,000. Paying 2.99% interest on loan.
Have 3 Roth IRA’s totaling about $26,000 that generate 3% or less that could apply toward equity loan.
Have a non-IRA annuity that generates slightly over 3% per year that could cash in to apply toward loan.
72 yr old and 67 yr old couple, no mortgage, no other debts and approx $800000+ in other investments.
Should I cash in non-IRA annuity and pay taxes of approx. $10,000, should I annuitize or leave as is and use the Roths to decrease home equity loan plus other savings. Probably not be able to deduct equity interest past 2015 as will be using standard deductions. Thank you.

Terry Says:  Gosh, I feel like a doctor trying to diagnose without knowing all the symptoms!  First, I’m assuming that you also have a mortgage, and that the home equity loan is on top of the mortgage.  Maybe you want to refi and get a lower rate on the old mortgage?  I don’t know what kind of annuity you have, or what the balance would be if you cash it in.   I’m sorry, but there is just too much left unsaid here for me to even try to point you in the right direction.  If you want to email more details, please do so at Terry@TerrySavage.com.  OR, and probably a better solution, go to www.FeeOnly.org to find a certified financial planner in your area who does not sell products (thus, fee only) and let him or her go over your entire situation, including income, debts, and the rest of your situation.