Early Edition with Kate Hawkesby

Providing I make it to 65, and you don't count your blessings, but assuming for a second that I do, I don't expect I'll be receiving the full pension.  And you know what? I'd rather receive less, at a later age, than pay more taxes through my working life. In 2006, the number of Kiwis aged 65+ was 495,000. It's increasing by about 80 people a day and is likely to reach 1 million by 2028. By 2050? 1.5 million.  Compared to the OECD, we have the highest basic pension paid from general taxes. With fewer young people working to support it, Treasury has long forecast a cost blowout and the need for much higher taxes to afford this system.  Personally, I'd like to take a pass on that.  With about another 30 years on the clock before reaching this magical age, how much extra tax must I pay?  Which colour government will be in charge when the inevitable happens?  Why can't I instead invest my own money, and with the help of compounding returns, hopefully set myself up for my own retireme