When it comes to retirement, baby boomers seem to be favouring lifestyle choices over wealth preservation, quite a different path compared to the generations that came before them, according to recent Bank of America Merrill Lynch survey.

The study found that retirement has been redefined – with people expecting to live and often work longer than any preceding generation, and taking different approaches to preparing for and living their best life during these years.

Most are seeking flexible work arrangements, such as part-time work (39%) or going back and forth between periods of work and leisure (24%), but not always for the same reasons.

Most boomers have "mixed feelings about living longer and transitioning into retirement," said Ken Dychtwald, CEO of Age Wave, the group that conducted the research.

"While they welcome the extra time to pursue new interests and spend more time with family and friends, they are concerned about outliving their assets and experiencing a serious health disruption. Even those who have saved adequately can be anxious and often overwhelmed by this complexity and the unknowns they face."

Renting out your Florida condo can be a good way to offset some of your costs. But be wary when it comes to writing off expenses, experts warn.

Don't expect to rent out it out for a month or two during the winter and deduct a year's worth of interest and other expenses, for instance. The CRA expects to see such expenses be pro-rated, allowing you to deduct them only for those months when income was actually being earned.

If you've advertised that the property is available for rent but it still remains empty, you may be able to write off the expenses for this open time period. The time spent trying to find a tenant may be considered a deductible expense,providing you can document your efforts.

Forget about deducting the cost of your flight down there, however. And the same rules apply if you're driving.

Spring is in the air and so are Canadian travellers.

It seems the cold, dark months have been with us for forever. Everywhere I go I hear people talking about heading to warmer climates or I see their vacation photos from some sunny paradise posted on their Facebook page.

If you haven't gotten away yet, don't worry.  There may be hope yet. A new survey reveals that at least 79 per cent of Canadians are planning on hitting the sunnier trails this season.

You would think that life slows down in retirement.

But in fact, according to a new report by BMO Bank of Montreal, Canadian retirees are busier than ever. 

There's not enough hours in a day for all the activities retirees have these days.

The report revealed that more than one-third of those polled have more activities than time in which to do them and one in three admit that retirement is more expensive than they expected.

However, 82 per cent say they are happy with their current lifestyle.

When it comes to holidays, who you go with can be just as important as where you go and how much you're willing to spend. 

Assuming you're not simply stuck with the kids during March break, consider your travel companion carefully, as the wrong choice can mean the difference between a great trip and a disaster.

Consider taking a test run first. Overnight trips or even a weekend outing may help you both get a good idea about your compatibility.

One pair of women knew each other from the gym, but had never spent a lot of time together. Turns out one was an unstoppable chatterbox who yakked incessantly about anything and everything.

"I will never, ever travel with her again," her disgruntled partner fumed, "and I don't know how I'm going to make it through the next five days without strangling her."

Heading south sometime this winter? Maybe you should bring your own car this time.

If not, remember that the advertised price for a rental car bears no relationship to the price you will actually pay, especially at big city airports, reports Consumer Traveller. And those costs are likely to go up.

In the U.S, Arizona, Texas and Florida seem to add some of the highest mandatory extra fees but the additional charges are pretty significant everwhere you go.

While these extra charges usually show up in the estimated total shown on the screen, you won't find them in the base rate, largely to drive profits, CT explains. Here's what to watch for, warns Independent Traveler. 

As the snow starts to fly, thousands of Florida-bound snowbirds are gearing up for the long drive.

The good news: Gas prices are still about 20% less than we’re paying here. Unfortunately, you’re probably going to need stacks of cash to buy it.

Billed as an effort to combat “drive off” gasoline theft, more and more ‘Zip Code-required’ gas pumps are popping up along the highway, warns Dave Hunter, author of Along Interstate-75, a popular snowbird guide.

The ZIP-code pump creates hassles for Canadians as it requires drivers to prepay (no on-the-spot refunds if you guess wrong) or leave a credit card with the attendant before filling up.