Thirty years ago, it was a rite of passage for many people to pay off their mortgage and then retire. This is no longer the norm. According to research done by Fannie Mae’s Economic and Strategic Research Group, Baby Boomers, born between 1946 and 1965, have more debt than earlier generations did at the same age and are less likely to own their own homes by the time they are ready to retire.
Lagos, Nigeria – The Pension Fund Administrators of Nigeria (PenOp) are optimistic that the increasing allocation to equity contributions for residential mortgages will have a positive impact on homeownership and real estate development in the country. This move signifies a significant commitment from the pension sector to drive economic growth. Figures analyzed by the Pension Fund Operators Association of Nigeria (PenOp) from data provided by the National Pension Commission (PenCom) revealed promising trends. In the …
When one envisions retirement, the usual images that come to mind are sandy beaches, peaceful afternoons, and a life free of financial worries. However, the tranquility of retirement can be easily disrupted if one doesn’t consider the significance of a good credit score. It’s a common misconception that once you’re retired, credit scores lose their relevance. In reality, even in retirement, a solid credit score can hold as much weight as during one’s earning years, …