CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: December 8, 2021
MEETING: 2021 Q4 / Year-End Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
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DISCUSSION SUMMARY
Portfolio ended 2021 at $881,000, recovering meaningfully from the
post-home-purchase low of $688,000. The Chens noted that the portfolio recovery
was faster than the model projected, due in part to strong equity markets and
continued high savings. The allocation is 60/36/4, within IPS bands.
The year was reviewed in full: home purchase closed, revocable trust established, fee
schedule amended, three NLTK vests executed, and 529 contributions increased. The
advisor characterized 2021 as the most consequential year for the Chen household
since the original financial plan was written. Every major goal in the plan made
forward progress simultaneously.
Tax planning for 2021: three NLTK vests totaling 625+625+625 shares with combined FMV
of approximately $51,150 of additional W-2 income. The home purchase interest
deduction is available for a partial year. Total deductions including mortgage
interest, property taxes, and charitable contributions should allow the Chens to
itemize rather than take the standard deduction, which is modestly beneficial at
their income level. CPA to confirm.
Looking ahead to 2022: the NLTK grant is entering its final phase, with four
quarterly vests remaining (2022) and a large liquidity event anticipated in 2023 (the
cliff vest anniversary plus any accelerated vesting tied to NLTK's business
trajectory). The advisor recommended planning the 2023 event in detail at the Q2 2022
meeting.
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ACTION ITEMS
1. Send TY2021 tax package to CPA — include vest income, home interest deduction,
three-vest summary

2. Schedule 2023 NLTK event planning for Q2 2022 meeting agenda
3. Confirm 529 auto-contribution increases are effective January 2022
4. Review beneficiary designations on all accounts — confirm trust alignment post
year-end
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CONFIDENTIAL — For client use only. Not for distribution.
