Okay, let’s bust some pension myths and inject some fun into your future financial planning!
Myth #1 – Pensions are only for older adults: Nope! Pension contributions are for anyone who likes not being broke in their golden years. The earlier you start, the sweeter the retirement party (thanks to superior investments!). Think of it as your younger self contributing to a comfortable retirement for your future self.
Myth #2 – My Money Will Magically Disappear: Pension funds are heavily regulated and protected by the National Pension Commission (PenCom). Your money isn’t financing someone’s yacht party. Pension Fund Administrators (PFAs) invest their funds strategically, aiming for safety and maximum growth.
Myth #3 – Pension contributions are super complicated: Sure, there’s some fine print, but trustworthy companies like FCMB Pensions are all about transparency. They’ll explain how your money works and answer all your (even slightly embarrassing) questions.
Myth #4 –…
Source: Linda Ikeji
