The purpose of this study was to explore the link between personality profiles and the ownership of annuities to increase our understanding of the psychological phenomena that may help explain the annuity puzzle. Two weighted, inferential analyses were conducted. Personality profiles representing unique combinations of the Big Five personality trait variables were identified using latent profile analysis. These variables were then used as predictors of annuity income ownership in a binary logistic regression. Personality profiles were found to be statistically significant predictors. Implications for research, policy, and practice were discussed. 

Accepted Oral Presentation