CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: March 8, 2023
MEETING: 2023 Q1 Quarterly Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
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DISCUSSION SUMMARY
Portfolio stands at $891,000 with markets recovering in Q1 2023. The primary focus of
this meeting was finalizing the April 2023 NLTK liquidity event plan. The Clearwater
Giving Fund was opened in January as planned and is ready to receive an in-kind share
contribution.
The finalized 2023 NLTK event plan was confirmed at this meeting. Anticipated vest:
2,667 shares at approximately $45 per share (price as of meeting date). Execution
plan: donate 556 shares in-kind to the Clearwater Giving Fund (approximately $25,020
at $45/share, generating a full charitable deduction with zero capital gain); sell
1,800 shares immediately (proceeds of approximately $81,000 to be reinvested);
retain 311 shares at a $45 cost basis. Total vest W-2 income: $120,015. After the
$25,020 charitable deduction and the $15,500 TLH carryforward, net additional
taxable impact is estimated at approximately $79,495. Estimated Q2 tax payment is
approximately $28,000.
The bucket strategy was introduced as a retirement income framework for future
planning. As the Chens approach the midpoint of their accumulation phase, the
advisor began framing the eventual transition from growth to income. The
three-bucket structure (0–24 months of expenses in cash; 2–7 years in intermediate
bonds; 7+ years in equities) will be the basis for a detailed retirement income
analysis beginning in 2025.
A referral opportunity was discussed: Alex mentioned a colleague, Alex Navarro,
who is looking for a wealth advisor. The advisor thanked Alex and confirmed
standard referral procedures.
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ACTION ITEMS

1. Execute 2023 NLTK event: donate 556 shares to DAF; sell 1,800; retain 311 —
week of April 12 vest
2. Confirm Clearwater Giving Fund account is active and ready to receive in-kind
transfer
3. Submit Q2 estimated tax payment approximately $28,000 — due June 15
4. Schedule referral introduction meeting with Alex Navarro — by May 1
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CONFIDENTIAL — For client use only. Not for distribution.
