Purpose - This study is to verify the mediating effect of voluntariness in retirement and the moderating effects of leisure life to examine which parts of later life preparations have influence on the retired life.
Research design, data, and methodology - In this study, the 6th Korean Retirement and Income Study was conducted on 5,254 members of households with householders over the age of 50. To examine the relationship between later life preparation and retired life, this study used personal data based on the serial number of the household members. Results - First, physical preparation for later life had a positive influence on retired life satisfaction among retirement satisfaction. People showed higher retired life satisfaction. Secondly, physical preparation for later life had a positive influence on satisfaction over relationship after retirement among retirement satisfaction. People showed higher satisfaction over relationship after retirement when they were more physically prepared for later life.
Conclusions – In particular, leisure life had a mediating effect for the influence of physical preparation for later life on the retired life. Also, leisure life and physical preparation for later life showed a close influencing relationship. People showed active leisure life and higher retired life satisfaction when they were more physically prepared for later life.

Abstract
1. Introduction
2. Theoretical Backgrounds
    2.1. Physical Preparation for Later Life
    2.2. Relationship between Physical Preparation forLater Life and Satisfaction in Retired Life
    2.3. Life Satisfaction after Retirement
    2.4. Leisure Life
3. Research and Analysis
    3.1. Research Model and Research Hypothesis
    3.2. Research Subject and Data Collection
    3.3. Operational Definition of Variable and MeasuringTool
4. Analysis Results
    4.1. Socio-Demographic Characteristics of Subjects
    4.2. Analysis on Exploratory Factors of PhysicalPreparation for Later Life
    4.3. Hierarchical Regression Analysis
    4.4. Mediator Regression Analysis and Sobel Test
5. Conclusion
References

• Jong-Jin KIM(Department of Social Welfare, Jungwon University)