We examined psychometric indicators of the Emotional Regulation Questionnaire (ERQ) and their relationship with measures of affective experience, satisfaction with life and depression in the elderly. One hundred and fifty-three elderly people (M = 66.8 years, SD = 5.20, 71.2% female) of an Open University for Seniors responded to the ERQ, the Positive and Negative Affect Schedule (PANAS), the Life Satisfaction Scale and the Geriatric Depression Scale (GDS-15). Two factors (Cognitive Reappraisal and Emotional Suppression) explained 50.1% of variance; internal consistency and temporal stability were above .70. There were positive relations between Cognitive Reappraisal and life satisfaction and positive affect; and there were negative relations with depression. Increased use of Cognitive Reappraisal is an indication of emotional health in the elderly.