The present study focused on variables influencing psychological well-being during the period of adjustment to retirement (6 to 36 months). The sample included 141 respondents – 69 retired men and 72 retired women – who completed questionnaires evaluating life satisfaction, retirement satisfaction, and psychological well-being. Variables traditionally examined (socio-demographic, health, attitude, and social) explained 45 to 57 per cent of the variance related to life and retirement satisfaction, but explained a smaller percentage (9 to 37%) of the variance related to the six dimensions of psychological well-being. This study, therefore, confirmed the impact of traditional variables on life and retirement satisfaction but brought out the importance of investigating other variables that could explain psychological well-being during retirement.
