This study examined the psychosocial correlates and psychometric properties of the Self-Assessed Wisdom Scale (SAWS) (Webster, 2003a). Seventy-three men and 98 women ranging in age from 17-92 years (Mean age = 42.77) completed an expanded, 40-item version of the SAWS, the Loyola Generativity Scale, and the Experiences in Close Relationships Scale. A new definition of wisdom is provided which is operationalized with the SAWS. Results indicated that the SAWS has excellent reliability (test-retest = 0.838; Cronbach's Alpha = 0.904). Exploratory and Confirmatory Factor analyses confirmed the five hypothesized dimensions of wisdom and the total SAWS score correlated in predicted directions with generativity (r(169) = 0.448; p less than 0.01) and attachment avoidance (r(169) = -0.239, p less than 0.01) demonstrating construct validity. (Contains 3 tables and 1 figure.)