CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2017
Annual Client Meeting Summary — Tax Year 2017
Chen Household | Client ID: HHnCHENn001 | Clearwater Wealth Partners
DOCUMENT METADATA
DocID: DOCnMeetingNotesn2017n001
MeetingID: MtgIDn2017Q4n01
IPS Version: DOCnIPSn2016n001
Client: Alex & Sam Chen | HHnCHENn001 | DOB: 1983n05n14 / 1984n11n02
Advisor: Clearwater Wealth Partners | Prepared: January 2018
Dependents: Maya Chen (DOB 2011n08n19) | Eli Chen (DOB 2014n03n07)
KF Refs: KFnMarketOutlookn2017.md, KFnTCJAnSummary.md
PORTFOLIO SNAPSHOT
YearnEnd AUM: $595,000
Quarterly AUM: Q4: $595K
Allocation: 70% Equity / 28% Fixed Income / 2% Cash (IPSn2016 unchanged)
S&P; 500 Return: +19.0%
Net Contributions: $52,000
Advisory Fee Rate: 1.00% annual (DOCnAdvisoryAgreementn2016n001)
ANNUAL SUMMARY
2017 was a strong portfolio year, with the S&P; 500 returning +19% in a lownvolatility environment driven by tax reform optimism
and synchronized global growth. The Chen household AUM grew to $595,000 yearnend, benefiting from $52,000 in contributions
and strong equity returns. A prior employer 401(k) was rolled directly into IRA1 (approximately $42,000), with no taxable event
created.
The Tax Cuts and Jobs Act (TCJA), signed in December 2017, was the primary planning topic in the Q4 review. Clearwater modeled
the impact of lower marginal rates, the increased standard deduction, and the $10,000 SALT cap effective 2018. The Chens were
expected to remain standardndeduction filers in 2018, though that calculus would shift with the anticipated home purchase in 2021.
The IPSn2016 allocation (70/28/2) remained appropriate given the household's 10+ year retirement horizon and abovenaverage
risk tolerance.
Looking ahead, Alex was on track for a promotion and potential equity compensation beginning in 2018, which would introduce
RSU taxation complexity. The advisor flagged this as a planning priority for the 2018 Q1 meeting.
DECISIONS MADE
Decision IDs: None formal (rollover + drift rebalancing)
Decision ID Description Date / Window Outcome / Status
— Minor rebalancing within drift bands; no new DecisionID 2017nQ2 Rollover processed; no tax
required. IRA rollover executed from prior employer plan event (direct rollover)
(~$42,000 added to IRA1).
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CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2017
LIFE EVENTS & UPDATES
Event IDs: Rollover (no EventID); TCJA legislative event
Event Description / Impact
Rollover Event Prior employer 401(k) rolled into IRA1 (direct rollover, ~$42,000). No taxable event. Rollover increased IRA1
balance; AUM benefited from 2017's strong equity returns (+19% S&P;). TCJA enacted in December,
discussed in Q4 review.
RECOMMENDATIONS
Rec IDs: GoalIDn2016n01, GoalIDn2016n02, GoalIDn2016n03
Rec / Goal ID Description Status
GoalIDn2016n01 Retirement goal tracking ahead of schedule; confidence level improving. On track
GoalIDn2016n02 529s discussed; opening planned for 2020 when cash flows permit. Planned
GoalIDn2016n03 Emergency fund at target (6 months); no change required. On track
TAX TOPICS DISCUSSED
Tax Topic IDs: TCJA planning discussion (no formal TaxTopicID assigned)
Topic Summary
TCJA 2017 Tax Cuts and Jobs Act signed December 22, 2017. Reviewed implications: lower marginal rates effective 2018,
increased standard deduction, SALT cap ($10,000) on itemized returns. Client likely to remain on standard
deduction. Wn2 $214,000; Net cap gains $4,200; AGI approx. $222,000. Rollover is taxnneutral (direct). See
KFnTCJAnSummary.md.
ACTION ITEMS
Task ID Description Owner Due Date Status
TaskIDn2017Q4n004 Model 2018 TCJA impact on marginal rate and deduction Advisor 2018n03n01 Completed
strategy.
TaskIDn2017Q4n005 Confirm IRA1 rollover contribution recorded correctly. Ops 2017n12n31 Completed
TaskIDn2017Q4n006 Schedule 2018 Q1 planning meeting; discuss equity comp Advisor 2018n01n15 Completed
anticipation.
PROSPECTS & REFERRALS
No active prospects or referrals recorded for this period.
CONFIDENTIAL — For the exclusive use of Alex and Sam Chen and authorized Clearwater Wealth Partners personnel. This document contains
synthetic/demo data created for illustration purposes only. Not investment advice. © 2018 Clearwater Wealth Partners. All rights reserved.
DOCnMeetingNotesn2017n001 | Client: Chen Household (HHnCHENn001) | CONFIDENTIAL Page 2
