CLEARWATER WEALTH PARTNERS
Meeting Notes
____________________________________________________________________________________
_
CLIENT: Chen Household (Sam & Alex Chen)
DATE: June 13, 2018
MEETING: 2018 Q2 Quarterly Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
____________________________________________________________________________________
_
DISCUSSION SUMMARY
Portfolio stood at $312,000 at the June meeting, reflecting continued equity gains
partially offset by the Q1 2018 market correction. Two NLTK vests have now occurred
(Q4 2017 and Q1 2018), each following the 450-sell/175-hold protocol. The cumulative
retained NLTK position is approximately 350 shares with a blended cost basis near
$28. NLTK represents about 3% of portfolio — within acceptable concentration bounds
for now, but the advisor flagged that the position will grow meaningfully as vesting
continues.
The home purchase goal was formalized. Sam and Alex confirmed a target purchase
price of $550,000–$600,000 and a down payment goal of $300,000–$330,000
(approximately 50%), targeting 2020–2021. ACCT-CASH currently holds $78,000. The
advisor committed to modeling the required monthly savings rate to hit $310,000 by
mid-2021, factoring in assumed market returns on the cash reserve.
The 529 accounts were opened as planned. Maya's account received an initial
contribution of $3,000 and Eli's received $2,500. Both accounts were placed in
age-based allocation funds. The advisor confirmed the state income tax deduction
benefit and recommended annual contributions of $3,000–$5,000 per child going
forward. The Chens agreed to set up an automatic annual contribution each January.
Estate planning: the Chens confirmed they met with the estate attorney and have
wills drafted. Healthcare directives are in progress. The advisor will follow up in
Q4 to confirm completion.
____________________________________________________________________________________
_
ACTION ITEMS
1. Model monthly savings rate needed to reach $310,000 down payment by June 2021 —
send by July 1

2. Confirm estate documents (wills, healthcare directives) are executed — follow
up Q4
3. Set up annual 529 auto-contributions ($3,000 Maya / $2,500 Eli) — by January
2019
____________________________________________________________________________________
_
CONFIDENTIAL — For client use only. Not for distribution.
