No. of Recommendations: 0
Personally, I think it is a bad idea. It sounds like this is an IRA or at least an account you have had for some time so you are likely to pay a large amount of income taxes unecessarily.

If you really want to ladder cds and this is an IRA account, be sure to buy IRA cds.

If this is not an IRA account, I would look for other options as there is really no way to pull that money out of an non-qualified annuity and not pay taxes on all the gains.

If you don't like what you are in, look for other annuity options. Since we don't know the tax implications, we can't really give a decent recommendation.
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