5 Profiles of Retiring Baby Boomers

BOSTON (TheStreet) -- Here's a recent study with more gravitas than one of those Facebook-clogging character quizzes: summaries by Allianz Life Insurance Co. of North America of baby boomers' five retirement-related "personalities."

Allianz Life, a leading provider of fixed index annuities, is part of Allianz SE, one of the world's largest financial services firms. Its study, Reclaiming the Future, crafted the categories using demographic data and a survey, conducted in May, that included a national sample of 3,257 U.S. residents, ages 44-75.

"What the personalities show to me was a good representation of what is going on across America right now in terms of how people are viewing retirement," says Robert DeChellis, president of Allianz Life Financial Services.

He cautions, however, that attitudes may not always reflect the reality of the respondents' situation.

"The caveat I would put in is that, in our research, we found that people underestimated their retirement needs by a factor of three," he says, adding that there is "very little, if any, work being done on consumption analysis."

"Even though 20% of the population is in a place where they feel really good, I would have to question that," he says.

The five personalities:

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