CLEARWATER WEALTH PARTNERS
Meeting Notes
____________________________________________________________________________________
_
CLIENT: Chen Household (Sam & Alex Chen)
DATE: June 10, 2026
MEETING: 2026 Q2 Quarterly Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
____________________________________________________________________________________
_
DISCUSSION SUMMARY
Portfolio stands at $1,521,000 — the 0.70% fee tier threshold of $1,500,000 was
crossed in April 2026. A notification was sent to the Chens at that time with a
worked fee example. The tiered fee is now in effect on assets above $1.5M. At current
AUM, the Chens are saving approximately $450 per year compared to the prior
single-tier rate on those marginal assets.
The Maya 529 front-load decision was made at this meeting. The Chens elected to
contribute $90,000 to Maya's 529 account, triggering the 5-year gift tax election.
This one-time contribution, combined with the existing balance and assumed 4%
growth, projects Maya's account to approximately $145,000 at matriculation in 2029
— approximately equal to projected total college costs. Eli's account remains on
the standard contribution track at $4,000/year.
Bucket 1 maintenance: at $74,000, on target. The annual Bucket 2 income sweep is
scheduled for December. Bucket 3 equity performance has been solid; the portfolio's
total return since the bucket strategy implementation (Q1 2025) is approximately
11%. The retirement trajectory is on track.
The Chens raised a question about the home — they are considering a kitchen
renovation, approximately $35,000. The advisor reviewed the household balance sheet
and confirmed that a $35,000 home improvement expenditure is feasible from current
income savings without touching the investment portfolio or the newly funded 529
accounts. The advisor recommended against drawing from any investment account for a
discretionary home improvement at this portfolio stage.
____________________________________________________________________________________
_
ACTION ITEMS

1. Maya 529 front-load: process $90,000 contribution with 5-year election —
confirm by June 30
2. File 5-year election Form 709 with CPA for gift tax reporting — due with 2026
tax return
3. Home renovation: fund from income/savings, not from investment accounts
4. Confirm fee tier change is reflected in Q3 billing statement
____________________________________________________________________________________
_
CONFIDENTIAL — For client use only. Not for distribution.
