The issue with laddering is you are accepting less return today to set that ip.
If I can get 4.75 today, why would I take some T 3.75, some at 4, some at 4.25 so they mature at different times in case rates are higher then…and they could be lower.
If you are seeking current income, laddering doesn’t make sense.
I’ve always wondered why it’s pushed. Perhaps to generate more commissions?
If OP has money to invest in a property and decided to go fixed income instead, laddering makes zero sense - in my opinion. I’m investing for max income today. And I’d be doing sooner than later with impending Fed cuts if I were to go that direction.
Not all securities will tie to that but some will and directionally most should.