Treasury bills come 3 month, 6 month and 1 year. Notes come 5 year and 10 year. Bonds come 30 year. There used to be a 2 year and 3 year note. As the borrowing needs of the government have decreased, they have been phased out. There was also a 20 year and long ago a 4 year. So in setting up the original ladder, you need to use some corporates (or municipals if you prefer). As they mature you can replace with treasuries, which are safer, can be bought without commissions through Treasury Direct, and on which you pay no state tax. When you buy Corporates it needs to be through a broker, with rare exceptions. If your hometown electric company is planning an expansion you might get a mailing inviting you to invest directly. Those chances aren't common; if it happens, consider going for it, particularly if you are going to live in the same place for an extended period. Clear? Best wishes Chris
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