Originally Posted by Mutt

you're still paying taxes when you're 65.

anyway this isn't me, i wish it was, i have a friend whose pension at retirement will pay her $180,000 per year until death. i'm just trying to figure out how much money i'd have to have to have the same sweet retirement one day.

i know nothing about retirement annuities, if i buy one and i die before retirement my family gets nothing? it's like gambling?