CLEARWATER WEALTH PARTNERS
Meeting Notes
____________________________________________________________________________________
_
CLIENT: Chen Household (Sam & Alex Chen)
DATE: June 12, 2024
MEETING: 2024 Q2 Quarterly Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
____________________________________________________________________________________
_
DISCUSSION SUMMARY
Portfolio stands at $1,243,000 with continued market gains. The quarter was largely a
maintenance meeting, reviewing portfolio health, upcoming planning, and confirming
the Q3 NLTK vest plan.
The final NLTK vest plan was reconfirmed: 625 shares expected in late August or early
September, sell all shares on vest date, reinvest proceeds to portfolio. NLTK's stock
price today is approximately $38 per share, so the expected vest income is
approximately $23,750 of W-2. This will be the last NLTK income event. After the
vest, the RSU program will be fully complete and the NLTK chapter of the financial
plan closes after seven years.
The Social Security earnings records were obtained. The advisor confirmed receipt
and will have the full optimization analysis ready before the Q4 2024 meeting.
Preliminary review: Sam is the lower earner; Alex is the higher earner by a
meaningful margin. The Social Security optimization strategy will center on
coordinating their claiming ages to maximize the household's lifetime benefit.
The advisor raised the question of the Chens' retirement timeline. Both confirmed
that a target retirement age of approximately 65 for Sam (2031) and 67 for Alex
(2033) is still the working assumption. The portfolio trajectory, assuming 6% real
returns, is projecting approximately $1.9–$2.1M by Sam's planned retirement date —
below the $3.2M original target but augmented significantly by Social Security
income and home equity.
____________________________________________________________________________________
_
ACTION ITEMS
1. Execute final NLTK vest in Q3 2024 — sell all 625 shares; notify CPA
2. Complete Social Security optimization analysis — deliver before Q4 meeting

3. Update retirement income projection incorporating Social Security — present at
Q4
4. Confirm 529 contributions on schedule for Maya and Eli
____________________________________________________________________________________
_
CONFIDENTIAL — For client use only. Not for distribution.
