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Arizona Financial Advisor Kevin Canterbury Discusses the Millennial Balancing Act

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  A large percentage of younger generations hope to retire early, but is it realistic? According to a Charles Schwab survey of 2,000 millennials between the ages of 16-25, most millennials plan to retire by 60. This is is four years before the current national average for retirement and seven years before Social Security’s “full retirement age.” However, when we look at the average millennial’s savings, retiring at 60 may not be in the cards. The National Institute on Retirement Security has found that 66% of individuals between the ages of 21-31 have nothing saved for retirement, with Fidelity sharing 2019 fourth-quarter statistics showing that millennials have an average 401(k) balance of $10,500 and are currently saving just 7% of their income. Although these numbers show that millennials are saving more money for retirement than the majority of young adults were five years ago, this still shows that many millennials are not on track to retire at 60.  The fact remains that: 
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What Questions Should You Ask Yourself Before Retiring?

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  Planning for retirement can be an exciting time as the culmination of your life’s work fully comes to fruition. Kevin Canterbury of Arizona acknowledges, at his company, advisors frequently help future retirees with managing their retirement plan. Naturally, the first step in a retirement income plan is to envision what your life will look like in retirement. Here, Kevin Canterbury provides a list of some of the most important questions to ask yourself before making the decision to retire. What Will I Do? In retirement, what you plan to do with your time is important for your financial plan because it will determine how much income you will need. For evaluating, it helps to consider your activities in terms of both income and expense. For example, expense generating activities such as travel, hobbies, or entertainment can quickly add up and should be accounted for in your retirement budget. Some people that enjoy working choose income-generating activities that help them afford
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Kevin Canterbury on Iron-Phi’s Fight Against ALS

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  This year’s Iron Phi fundraiser is coming to an end, and Kevin Canterbury is proud to be among the ranks of this distinguished group. In the fall of last year, Kevin Canterbury became an Iron Phi by accumulating $1000 in donations and summiting Mount Humphreys while working in the fight against ALS (Lou Gehrig’s disease). This year, the fraternity has welcomed over 100 Phi Delta Theta members into the Iron Phi community- and the group is making strides to maximize their donations and impact! Here, Kevin Canterbury discusses Iron Phi’s fight against ALS and the contributions the organization is making to support those effected by the disease. Why ALS? Iron Phi was developed Phi Delta Theta to strengthen the fraternity’s community while striving to help ALS organizations improve outlook for individuals suffering from the condition. The proceeds collected by the Phi Delta Theta International Fraternity are used to support ALS research, education, screening, and treatment while help
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