PGI Financial Services, Inc.

PGI Cares recently made a donation to Samaritan's Purse, a nondenominational Christian organization that provides aid to people in need around the world. Our donation will help to provide relief to those impacted by Hurricane Helene and Hurricane Milton in North Carolina, Georgia, and Florida. Relief efforts from Samaritan's Purse include airlifting supplies to those cut off from traveling, ground transportation, tree work, mudding out homes, clearing roads, and tarping roofs. Critical supplies, such as generators, heaters, food, fuel, solar lights, and blankets have been delivered on behalf of Samaritan's Purse. During a time of critical need for so many people across the east coast, it is an honor to support an organization that leads with a helping heart.

Happy Halloween! ?? We’re not afraid to say — today and every day — that we are grateful for the community we’ve built. Thanks for being a part of it. Wishing you and yours a safe and spooky Halloween!

Swipe through to learn more about Americans' finances. And remember, our team is here to help you avoid these scary financial pitfalls. Reach out to us — we're here to help!

As we look ahead to 2025, several key changes to 401(k) plans are set to take effect. With this in mind, we wanted to share two key impacts for employees: ? Increased Catch-Up Contributions – Starting in 2025, individuals aged 60 to 63 will see a boost in their catch-up contribution limit for 401(k) plans, increasing to the greater of $10,000 or 150% of the standard catch-up limit, with the amount indexed for inflation. The standard catch-up limit for those aged 50 and older will remain at $7,500. ? Required Minimum Distribution (RMD) Changes – The RMD age increased to 73 as of 2023 and is set to rise further to 75 by 2033, providing more time for retirement savings to grow before distributions are required. If you have any questions or want to discuss how these updates might impact your financial strategy, don’t hesitate to reach out. We're here to help.

As 2025 approaches, several important updates to 401(k) plans will take effect. With this in mind, we wanted to share one key impact for employers: ? Automatic Enrollment – New 401(k) and 403(b) plans will require businesses to automatically enroll eligible employees at a minimum contribution rate of 3%. This aims to boost retirement savings by making participation the default option. If you have any questions or want to explore how these updates might impact your financial strategy, our team is here to help.

October is National Financial Planning Month, an excellent opportunity to review simple steps for building financial security and retirement savings. Swipe through for some valuable pointers from our team. Financial planning can be complex, but you don't have to navigate it alone. We are here to help you make informed decisions and stay on track to meet your goals. Reach out if you have any questions or need further assistance.

The S&P 500 had its worst week of 2024 to start September. Yet by month's end, it was another month in the green. Swipe for the key developments that shaped the economy and the markets this month. And as always, reach out to our team with any questions or needs this fall. We are always here as a resource for you. Insurance products are offered through the insurance business PGI Financial Services. PGI Financial Services is also an investment advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a registered investment adviser. AEWM does not offer insurance products. The insurance products offered by PGI Financial Services are not subject to investment adviser requirements. 02645324-10/24

In the aftermath of Hurricane Helene, our thoughts are with everyone affected by this devastating event. During this challenging time, we want you to know that we're here for you. If you need guidance, have questions, or simply want a helping hand as you navigate the path forward, don’t hesitate to reach out. Our hearts are with you, and we’re ready to support in any way we can. If you would like to support relief efforts, here are trusted organizations to consider: ?North Carolina Disaster Relief Fund ?American Red Cross ?The Salvation Army ?United Way We hope you are all well and safe!

Major life events like getting married, buying a home, or having a baby bring significant adjustments — and tax implications! Here are general questions to ask for each circumstance: - Getting Married: What's the best filing status for our financial situation? Should we update our withholding? - Buying a House: Do I get a tax break when I buy a house? - Having a Baby: Will I be eligible for the child tax credit? - Changing Jobs: I'm making more money. Should I bump up my withholding? - Sending Kids to College: Can I claim tax credits and deductions for education-related expenses? Does it make more sense for my child to take the credits? - Going Through a Divorce: What filing status do I qualify for after a divorce? - Getting Ready to Retire: Should I be concerned about the tax implications of required minimum distributions? Will I pay tax on my Social Security benefits? If you've recently experienced a significant life change or expect to, we’re here to help answer these questions, with guidance tailored to your unique situation. Feel free to reach out anytime.

Tax season will be here before you know it! Here are a few tips to avoid tax-time stress: - Stay Organized: Use an expense tracking app or spreadsheet to record and categorize expenses. Set up a filing system for financial documents and calendar reminders to avoid missing due dates. - Plan Deductible Purchases: Consider moving forward with deductible items before year's end, such as education expenses, home office costs, or medical expenses. - Maximize Retirement Contributions: Contribute to your 401(k) or IRA accounts to reduce your tax burden. 2024 limits are $23,000 for a 401(k) and $7,000 for an IRA, with extra contributions allowed for those 50 or older. - Check Your Credits: Take advantage of tax credits for education, energy-efficient home improvements, and electric vehicles. Start your fall tax planning now to get organized and maximize your deductions and credits. Need help? Feel free to reach out to our team. We're here to assist with all your tax-related needs!