Baby Boomer Retirement: How to Build an Annuity Ladder

Baby Boomers are reaching the age of 65 at the rate of about 10,000 a day.  Many of them are not prepared to live on their meager Social Security benefits.  In addition, during the past few years, the Baby Boomer generation has lost billions of dollars in the value of their homes, 401k's, and their overall retirement savings. 

To make matters worse, if they do have some money that they can use to purchase an annuity, the rate of return is at an all-time low.  Most Baby Boomers are reluctant to put all their remaining assets into an annuity at these low rates; they hope the returns will be higher in a few years.  See this blog post on "How to Build an Annuity Ladder" to find out one approach to keeping most of your savings intact, while increasing your income at the same time.