Blocks with health care concepts  (Photo: Shutterstock)

Today, another 10,000 baby boomers will announce their retirement. They will have saved around $200,000 for their retirement, the median for their generation, according to the Transamerica Center for Retirement Studies. Using the 4% rule, their savings will yield an annual income of about $8,000. Their Social Security checks will add an average just over $19,900 for a total annual income of just over $27,900.

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