Planning for a financially secure old age must have clear actions. That is, we must have assets that can provide us with long-term returns if they are investments, and also have good store-of-value assets. Fiat is not a good store of value even though many people believe it is safe, but gold and some other assets like bitcoin or others are also recommended to support this plan.
Now there are plenty of insurances that offers good plans in a lower premiums that can help for retirement, the earlier we start in paying the lower the premium we need to pay but be sure to only engaged in reputable insurance companies. It is good to have savings but once uncertainties happens it will be better to have some back up or insurance that can help us not to drain our savings and investment Incase there is a need to pay a big amount of money.
It is true, it is very important to plan our future so that when we grow old there are things that we can use for important matters. But if you start a family at a young age like me, it's very difficult to save up.
Once already in this situation it is good to have sidelines, there is always a chance to save as long as we find ways and dedicated to do it for our own and families benefits.