Read excerpt below:

March 23, 2009
By Chuck Saletta
The Motley Fool

The closer you are to retiring, the worse this market collapse has been. That's especially true if you've been counting on a stock-heavy portfolio to get you to (and through) your golden years.

The ugly reality is that if the stocks you own fell by half during this meltdown, they now need to double just to get you back to where you were prior to the meltdown. And there's no way of telling when the market will revisit those highs of a year and a half ago.

But there is a way to boost your returns in the meantime.

What can you do?

Unfortunately, it doesn't involve a time machine that will let us go back to late 2007 and sell our stocks before they tanked.
But what you can do is sell covered calls.

Read entire article: http://www.fool.com/retirement/general/2009/03/23/options-for-a-successful-retirement.aspx