Summary: If you're a Baby Boomer and haven't yet lost all of your money in your 401k or IRA, it's not too late; come on down to Puerto Vallarta and join the Pre-Boomers.

First, let's define Pre-Boomer; obviously it's before Boomer! The Baby Boomer Generation is defined as those born after World War II; generally between the years of 1944 and 1964. Consequently, the oldest of the nearly 80 million US born Baby Boomers are just now turning 65 years old.

The Pre-Boomer Generation is typically defined as those born during the 20 year period prior to the end of WW II or roughly from 1924 to 1944. There were approximately 50 million people born in the US during this time frame. These Pre-Boomers are considered to be of the Silent Generation (a bit of a misnomer!); sometimes referred to as the Luckiest Generation. Lucky because they were born immediately after the Great Depression, were too young to serve in World War II and probably the Korean War, and too old to serve in the Viet Nam War. Since 95% of these Pre-Boomers have already retired, they are also lucky to be reaping the benefits of Social Security and Medicare; benefits that may not be available to many of the younger generations. Unlike the Baby Boomers that have recently lost 25-50% of their life savings prior to retirement due to the current recession and mortgage crisis, the Pre-Boomers are lucky because in all probability, they were able to purchase their retirement residence and have conservatively invested the balance, thus preventing a serious depletion of their retirement savings (and they have fewer years to make their remaining savings last!).

Those lucky folks of the Pre-Boomer Generation witnessed the introduction of television, the development of new plastics and composite materials, high speed air travel, satellite and missile technology, space exploration, major medical breakthroughs, the development of computers and the Internet, cell phones, and microwaves for communications and quick cooking ovens.

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About the Author Jim Scherrer, PVREBA, has owned property in Puerto Vallarta, Mexico for 25 years and resided there for the past eleven years. The mission of his series of 50 articles pertaining to retirement in Puerto Vallarta is to reveal the recent changes that have occurred in Vallarta while dispelling the misconceptions about living conditions in Mexico. For the full series of articles regarding travel to and retirement in Vallarta as well as pertinent Puerto Vallarta links, please visit us at PVREBA.com.

First Published: Jun 30, 2009