I read that this retirement plan was invented by past generations. Basically, it started with the generation of baby-boomers, they introduced certain rules and regulations on how to live your life correctly. But it is not necessary to follow these norms. Now baby-boomers are mostly retirees and they have their own activities, for example, my grandparents often sit on the boomerbuyerguides.com forum where they write guides for baby boomers. There they find all the answers they need and learn something new. Recently, from the forum guides, they themselves went on a journey and had a great time; they also learned how to properly invest their accumulated funds. I am very happy for them.