The present research tests a series of predicted relationships regarding the e fects of household life-cycle variables, as well as other important consumer characteristics, on both wealth and perceived well-being among retired households. Toward that objective, separate samples of retired married households (n = 1,938) and retired single-person households (n = 855) from the Health and Retirement Study (HRS) of the University of Michigan were analyzed in an investigation of the e fects of household marital and parenthood characteristics on both accumulated wealth and perceived well-being. After controlling for education, race, gender, and health e fects, the results demonstrate significant life-cycle e fects of marital status and number of children on consumer wealth. In addition, wealth at retirement age is found to be a significant predictor of overall well-being. The implications of these findings, as well as a series of suggestions for future research regarding the study of important changes in life-cycle circumstances, are discussed.