Retirement plans are great to have because it gives you a lot of security when you get older. Here in my place, the employer is required to set aside a certain portion of the salary to cover up for the retirement plan of an employee. Aside from that, I also availed of a life insurance plan wherein I would get a lumpsum payment of cash after a certain number of years. I would then set this fund aside for my additional retirement fund. Do you also have a life insurance that you intend to use as a retirement plan later on?