Since the 401K is not that common here, some employees with fixed income are inventing their own retirement packages. One scheme is the investment in real estate. A good lot can be bought in installment although it involves a downpayment. But employees tend to save money for the downpayment to pursue their dream. When they retire, the lot is theirs and they can build a small house maybe to rent it out. And if they don't have their own house then a duplex will do or an apartment. The rent is intended for their daily expenses.
