CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: March 11, 2026
MEETING: 2026 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 $1,487,000. The advisor flagged that the portfolio is
approximately $13,000 from the 0.70% fee tier threshold of $1,500,000. When the
portfolio crosses that threshold, the tiered fee schedule will automatically apply
to assets above $1.5M at the reduced 0.70% rate. A notification will be sent
immediately when the crossing occurs, with a worked example showing the net fee
impact.
Bucket strategy quarterly maintenance: Bucket 1 at $74,300 (on target), Bucket 2 at
$491,000 (intermediate bonds benefiting from rate stabilization), Bucket 3 at
$921,700 (equities roughly flat year-to-date). Allocation is clean and within
bounds. Bucket 2 is scheduled for annual income sweep to Bucket 1 in December 2026.
The Maya 529 deep-dive was conducted as planned. Maya's account is at $33,800;
Eli's is at $32,400. Maya has 3 years to college matriculation. The current
trajectory (with $4,000/year contributions and conservative 4% growth given
bond-heavy allocation) produces approximately $47,500 at matriculation against a
projected cost of $136,000–$145,000. The advisor presented the 5-year front-load
election: contribute $90,000 now, triggering a 5-year gift tax election, resulting
in an estimated balance of $145,000 at matriculation — fully funded. A detailed
scenario analysis will be provided before the Q2 meeting for a final decision.
The Roth conversion framework was introduced as an annual planning tool. With Alex
still in peak earning years (approximately 9 years from retirement), large
conversions are unlikely to be beneficial now. However, the advisor flagged that any
year with unusually low income — a sabbatical, partial-year work, or a year with
large deductions — is an opportunity to convert traditional IRA assets to Roth at a
lower marginal rate. No action today; the advisor will flag qualifying years as they
arise.

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ACTION ITEMS
1. Fee tier notification: send automatically when AUM crosses $1,500,000
2. Maya 529 front-load scenario analysis: deliver before Q2 2026 meeting
3. Roth conversion monitoring: flag any year where conversion to Roth is
tax-advantageous
4. Confirm LTC insurance policies are active and premiums are being paid
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CONFIDENTIAL — For client use only. Not for distribution.
