Serving Central Pennsylvania

Personal Strategies

Tax Planning & Reducing Your Tax Liabilities*

Father and son working together at a desk.

*We do not provide tax or legal advice

If you want to minimize your taxes and keep more of your income now and into retirement, you need a plan.

We can work with you to create a plan designed to reach your desired retirement income.

Keep more of your hard-earned money out of the government’s hands with help* from the retirement professionals at Liberty Financial Strategies.

 
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Minimize the Tax Impact on Your Portfolio

We can help identify strategies, conduct analysis, and make recommendations to help reduce future tax liabilities. When applied appropriately to your financial plan, tax strategies can help reduce the impact of taxes on your investment returns and income. While only your accountant or attorney may provide tax or legal advice, your financial advisors at Liberty Financial Strategies can work with them to coordinate a plan that best suits your retirement goals.

A Comprehensive Tax Minimization Plan Includes:

  • Utilizing income tax strategies
  • Applying alternative minimum tax strategies
  • Implementing capital gain/loss strategies
  • Analyzing tax benefits of a Roth IRA conversion
  • Reviewing impact of any new tax laws
  • Assessing options for lowering your taxable income

 

 

Keys to a Tax-Efficient Retirement Plan

Income Tax Planning

Example: Implement tax strategies for your income, investment porfolio, and any annuities you might have.

Tax Minimization Strategies

Example: Find ways to lower your taxable income leading up to & in retirement.

Tax Diversification

Example: Allocate assets across several investments with varying taxation levels (eg, choosing between a Roth IRA or traditional IRA).

Employer-Based Investment Planning

Example: Understand the tax implications of net unrealized appreciation (NUA) on distributions from an eligible work-based retirement plan.


 

Where To Start

It’s never too late to begin tax planning. It’s ok if you’ve never worked with a retirement advisor before. We can help you get started now. Or we can give your current plan a second opinion if you’re not happy with it.

Our Advising Process

  • Initial “are we a good fit?” meeting
  • Gather data gathering meeting
  • Analyze information together
  • Present a plan to you
  • Implement the plan
  • Provide ongoing advice to you

 

About Us

We believe that a commitment to listening and asking the right questions is critical to your success in our needs-based approach.

That success depends largely on getting to know you so that we can understand what you value, your short- and long-term goals, and what keeps you awake at night.

 
About Us