Falco Wealth Living Plan Methodology

Our Living Plan Methodology is a strategic yet dynamic system that empowers you – individuals, families, and small businesses – to effectively manage your daily finances, fund your goals and dreams, and secure your financial future.
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Our Living Plan Methodology

With our Living Plan Methodology, we thoughtfully analyze, organize, and optimize your financial resources to create a comprehensive roadmap for success. Together, we provide a structured framework to make informed financial decisions, helping you maximize your resources while avoiding unnecessary risks. Our Methodology encourages consistent communication. When life throws the unexpected at you, your Living Plan enables you to understand the tradeoffs of the available options based on the latest picture of your finances. The Living Plan Methodology is a collaborative system encompassing these core areas:

  • Dreams & Goals

    From meeting monthly expenses to buying a vacation home or endowing a charity, we start by determining how you want your resources to work for you and setting realistic expectations for success.

  • Cash Flow Management

    Proper cash flow management is fundamental to financial success. Intuitively, we strive to have more cash flow in than out. We help you succeed through proper budgeting and preparing for more significant or irregular flows, such as buying a house or selling a business.

  • Asset & Debt Management

    We create your balance sheet and uncover your net worth. We identify the nature of your debts and the appropriate payoff strategies. We help you understand the value of your assets, their potential tax implications, and possible liquidity strategies. We help you determine a comfortable emergency cash reserve and maximize the interest rate on that cash.

  • Insurance/ LTC

    We identify your assets that require insurance and help you seek adequate coverage. If your plan depends heavily on wages, we may identify opportunities for life and disability insurance. Our financial plans consider the implications of long-term care.

  • Investments

    We identify your capacity for financial risk, the timing of your goals, and the required returns to achieve them. We align your investment portfolio with your goals and dreams through a combination of secure and risky assets. Our investment philosophy is rooted in financial science, not speculation.

  • Tax Planning1

    We focus on the after-tax implications of your financial decisions. We help you maximize tax-free and tax-deferred vehicles like IRAs and 401(k)s. We locate your investments to maximize their after-tax returns. We help you spend your resources in the most efficient manner possible. We help you navigate decisions like Roth conversions or exercising company stock options.

  • Estate & Legacy Planning2

    We help you navigate essential estate planning items like powers of attorney and living wills. We ensure your accounts are properly titled, and your beneficiaries are current. We help you with strategies to avoid probate and minimize end-of-life taxes. We help you leave your wanted legacy to loved ones and institutions like churches or schools.

1Done in coordination with your tax preparer or CPA. Mr. Falco, Sr. can be engaged separately for tax preparation and CPA services. Clients of Falco Wealth are under no obligation to hire Mr. Falco, Sr. as their tax preparer or CPA.

2Falco Wealth does not provide legal advice; however, we can recommend an estate attorney.

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