CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: September 10, 2025
MEETING: 2025 Q3 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 $1,430,000. The bucket strategy is functioning well: Bucket 1 at
$74,000, Bucket 2 at $462,000, Bucket 3 at $894,000. No replenishment actions were
needed this quarter. The allocation across buckets is on target and the equity market
has been positive year-to-date.
The Social Security claiming decision was formally adopted at this meeting. After
reviewing multiple scenarios, the Chens confirmed the plan: Sam claims at age 64
in 2029, accepting the reduction from the full retirement age benefit but beginning
income distribution to align with the anticipated retirement transition. Alex
delays to age 67 in 2031, near Alex's planned retirement date, maximizing the
larger of the two earners' benefit and the survivor benefit. The advisor filed the
formal claiming plan recommendation in the client file and will revisit annually.
The long-term care insurance analysis was presented. Three scenarios were modeled:
(a) no LTC insurance — self-insure through portfolio; (b) a hybrid life/LTC policy
for both spouses; (c) traditional stand-alone LTC policies. The advisor's
recommendation is the hybrid policy approach: the life insurance component provides
a death benefit if LTC is never needed, and the LTC benefit pool is substantial
enough to cover 3–5 years of facility care. Annual premium would be approximately
$4,800 per year combined for both spouses. The Chens asked for more time to review
the policy illustrations and will provide a decision at Q4.
The estate attorney appointment is scheduled for November to review the revocable
trust and confirm it remains appropriate. The advisor will attend by phone.
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ACTION ITEMS

1. Social Security claiming plan documented: Sam at 64 (2029), Alex at 67
(2031) — file in client record
2. Long-term care insurance: Chens to review policy illustrations — decision by
Q4 2025
3. Estate attorney trust review: November 2025 — advisor to attend by phone
4. Bucket 2 to Bucket 1 annual sweep: execute in December 2025
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CONFIDENTIAL — For client use only. Not for distribution.
