CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: December 10, 2025
MEETING: 2025 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 ends 2025 at $1,461,000 — growth of approximately $106,000 for the year. A
solid year across all three buckets. Equities in Bucket 3 gained approximately 11%
net. Bucket 2 bond income was reinvested to Bucket 1, which remains fully funded at
$74,000. The Chens are approximately 7 years from Sam's target retirement date.
Long-term care insurance decision: the Chens elected to proceed with the hybrid
life/LTC policies. Applications were submitted in November and the policies are
pending underwriting. Annual premium of approximately $4,800 combined. The advisor
confirmed this is an appropriate use of current income given portfolio size and the
LTC risk exposure over the next 20–30 years.
Estate trust review was completed in November. The attorney confirmed the trust
remains appropriate and no amendments are needed at this time. The Chens updated
their healthcare directives to reflect current preferences. The advisor updated the
client file with the new documents.
Tax summary for 2025: no major taxable events. Capital gains from rebalancing
approximately $3,200. Long-term care insurance premiums are partially deductible for
self-employed individuals but not for W-2 employees — CPA to confirm whether any
deduction is available. The advisor noted that 2026 will introduce the Maya 529
front-load decision and potentially a Roth conversion conversation as income
potentially stabilizes.
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ACTION ITEMS
1. Send TY2025 year-end tax package to CPA — include LTC premium summary for
deductibility review

2. LTC policies: confirm underwriting approval and policy delivery — by January
2026
3. Maya 529 front-load decision: modeling to be delivered at Q1 2026 — Chens to
decide by Q2 2026
4. Roth conversion framework: introduce at Q1 2026 as annual planning tool
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CONFIDENTIAL — For client use only. Not for distribution.
