Retirement preparation variables

Members of the baby boom generation are approaching the point where retirement is imminent. This cohort of new retirees allow for the associated issues and effects of retirement to be more directly investigated. This study examines the relationship between preretirement planning and post-retirement quality of life. Participants were drawn from the local retirement community. Preretirement planning, current satisfaction with life and general self efficacy surveys were completed to gather data regarding retirement issues. Results indicate that two aspects of preretirement planning are directly correlated with the perceived satisfaction of retirement living. Two factors, end of life issues and post-retirement employment came to light as critical in retirement planning. Gender did not appear as a significant contributing factor in the resultant standard of successful retirement living. This study provides us with a greater understanding of how retirees prepare themselves to ensure maximum enjoyment in their lives.