Mental Accounting, Estate Bequests, and Retirement Satisfaction.

This study examines the association between earmarking bequeathable assets and retirement satisfaction. Utilizing longitudinal data from the Health and Retirement Study, the authors examine the retirement satisfaction of retirees who have intentionally earmarked their bequeathable assets compared to retirees who have not. The findings suggest that earmarking bequeathable assets is associated positively with higher levels of retirement satisfaction.