This study examined the relation of being labeled as intellectually gifted to a midlife appraisal of having lived up to one's abilities and to psychological well-being at age eighty. Participants in the study were 399 individuals in the Terman Study of the Gifted who were between the ages of seventy-five and eighty-four in 1992. A proxy index of Terman Study membership was derived from participants' self-report during their mid-twenties of the age at which they first learned that they were members of the Terman Study. Learning at a younger age of membership in a study of intellectual giftedness was related to less likelihood of believing that one had lived up to one's intellectual abilities at midlife and to less favorable psychological well-being at age eighty. Results are discussed in terms of the possible implications of being labeled as gifted for the formation of unrealistic expectations about achievement.
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