Microsoft Money was a private finance software produced by Microsoft. Asebedo and her coauthor, Christopher Browning, Ph.D., additionally of Texas Tech, analyzed personality and psychological data from greater than 3,600 folks in the United States age 50 or older (the common age was 70) within the 2012 and 2014 waves of the Health and Retirement Study. It is a nationally representative survey sponsored by the Nationwide Institute on Growing older and carried out by the College of Michigan. The information have been paired with tax knowledge from the same individuals to account for withdrawals from particular person retirement accounts. The researchers solely used participants who made withdrawals from their retirement accounts and different saving accounts.