CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: December 7, 2022
MEETING: 2022 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 2022 at $804,000, recovering from Q3 lows. 2022 was a difficult year
for both equities and bonds, but the 60/35/5 allocation cushioned the drawdown versus
the S&P 500's 18% decline. The advisor acknowledged that losing money is never
comfortable but emphasized that the portfolio performed as designed.
Tax year 2022 summary: NLTK vest income from two vests (Q1 and Q2) totaled
approximately $35,100. Capital gains: zero, given the bear market and the TLH
harvest. The $15,500 TLH carryforward will reduce 2022 taxable investment income to
zero and carry any remainder into 2023. CPA to confirm the carryforward mechanics and
ensure proper documentation.
Planning for 2023 was reviewed. The primary event is the NLTK accelerated vest in
April 2023, anticipated at approximately 2,667 shares. The Clearwater Giving Fund
needs to be opened in January. The advisor will finalize exact share quantities and
tax modeling by the Q1 2023 meeting. The Chens expressed readiness for the event
and noted that having a multi-year plan for the NLTK position has made the process
feel manageable rather than chaotic.
The home equity position was reviewed informally: the Chens estimate the home is
worth approximately $610,000 — about $75,000 above purchase price in 18 months.
Combined with the investment portfolio, the household net worth is approximately
$1,200,000, including home equity but excluding retirement accounts. The advisor
noted this milestone was not far from the original financial plan's year-6 target.
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ACTION ITEMS
1. Open Clearwater Giving Fund (DAF) account — by January 15, 2023

2. Send TY2022 year-end tax package to CPA — include TLH documentation, vest
summary
3. Finalize 2023 NLTK event plan: exact share quantities, estimated taxes, DAF
allocation — by Q1 meeting
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CONFIDENTIAL — For client use only. Not for distribution.
