Young boomers in their mid-to-late 40s are unprepared for retirement, according to a new study.

Allianz Life Insurance Company of North America, Minneapolis, published this finding in a summary of results from a new report conducted by Larson Research and Strategy Consulting, Inc. and DSS Research. The companies fielded a nationwide online survey for Allianz Life among 3,257 U.S. adults, ages 44 to 75.

The study finds that 545 of 44 to 49 year olds are feeling totally unprepared for retirement. They also feel a strong need to take more control of their financial future, attain more financial security and reduce their financial vulnerability.

A July 2010 Retirement Readiness Ratings report from the Employee Benefit Research Institute (EBRI) shows that as many as 43.7% of younger boomers (ages 46-55) are at risk of not having enough retirement income to pay for basic retirement expenses or uninsured health care costs.

“The economic downturn woke up many Americans to the challenges of securing retirement income, but this younger boomer segment seems to have taken the lesson even more seriously,” says Katie Libbe, vice president of Consumer Insights for Allianz Life.

“Our study also told us that security and guarantees with retirement-income solutions are now very important to Americans,” adds Libbe.