"Middle-Class Baby Boomers Need $566,000-$2M for Retirement"

As economic uncertainty looms and Social Security benefits are shaky, baby boomers face retirement challenges. Financial planner Andrew Latham suggests saving 10-12 times your annual income for a secure retirement. For middle-class households earning $56,600-$169,800 annually, this means having $566,000-$2 million in savings to weather their golden years.

To ensure a comfortable retirement, calculate your annual retirement expenses at 75% of pre-retirement living costs. Subtract expected fixed income like Social Security, then multiply the remaining amount by 25. This personalized target assumes a 4% annual withdrawal and aims to secure your financial future, regardless of when you retire.

Read more at Yahoo Finance: How Much Should the Average Middle-Class Boomer Have in Savings?