That's the message from Britain's chief medical officer Prof Dame Sally Davies, who is giving new advice to baby boomers.

Her annual report is expected to say people who stay in paid employment past ordinary retirement age or are involved in community and voluntary work have better chances of staying healthier for longer in later life.

With a rapidly ageing population, this is good advice for more than health reasons.

The cost of providing a sustainable income in retirement has risen in recent years as a result of longer lives, lower investment returns and rising price inflation.

Retirement planning should be about more than just money though; considering issues like fulfilment, life satisfaction and purpose are equally as important as the money factors.

The traditional notion of a retirement where you transition from work to no-work in the space of a day needs to be rethought. Our clients tell us that the experience of retirement is more satisfying when it's a gradual transition; part-time or voluntary work, or even starting a new business based on a hobby or passion, all makes for a happier time in later life.

Of course continuing to earn from employment or self-employment in later life helps pension pots last for longer too.