We are living longer lives, but not necessarily healthier ones and this creates hidden horrors for our retirement planning. According to recent government data, healthy life expectancy is less than 63 years old for both men and women – a full three years less than the current state pension age of 66. This raises the very real prospect of people being too ill to work but too young to get their state pension. The state pension forms the very foundation of people’s retirement income. It currently stands at £11,502 per year for someone in receipt of the full amount. This would give a gap of almost £35,000 for someone needing to fill the three-year gap today – more if you add in the annual increases from the triple lock. This is an enormous chunk of money that many will struggle to find. Read more: What is the true cost of the UK state pension? It demonstrates the huge importance of saving what you can into your pension, so you are able to deal with any challenges you face in later life. You can draw an income from your self-invested personal pension (SIPP), personal or workplace pension from the age of...