Im turning 30 this year... I'm thinking of setting aside some $$ for my retirement...How much % should go to retirement and where..

Theres no one size fit all situation. Depending on the age you want to retire, the amount of money should increase the younger you want to retire.

Insurance is not so much on the wealth management so it should not be counted as retirements funds, should just be another way to diversify ur risk or shift it to the insurance company.

Okay, I assume you already have your own agent by this point. The easiest way is to ask your agent to calculate for you and he/she should be asking the right qns.

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Otherwise, here is the summary:

1. You have to know when to retire first, else no point talking about the rest.
2. Then how much you want for your retirement
3. Then the where, this can be anything. Some folks already mentioned in this discussion.

Now for your endowment and insurance plans:

1. Endowment can be for your retirement fund if the intention is for one. But again, this depends on why you bought the endowment in the first place as endowment can have different period, amount, etc.
2. Insurance plans tend not to be one as it is mainly for protection. Unless you are talking about pure investment ILP like GWA from GE, then that one can be used for retirement, but this needs planning too.

Alas, if you don't have agent, or the agent doesn't give what you looking for, feel free to contact me. I don't usually promote myself in Seedly, but this one I can help if you need it, as it is jst free to help project such stuff.

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All the best for your planning!

A general rule of thumb is to aim to save 15% of your income for retirement.