CLEARWATER WEALTH PARTNERS
Meeting Notes
____________________________________________________________________________________
_
CLIENT: Chen Household (Sam & Alex Chen)
DATE: September 9, 2026
MEETING: 2026 Q3 Quarterly Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
____________________________________________________________________________________
_
DISCUSSION SUMMARY
Portfolio stands at $1,543,000. Steady growth continues across all three buckets.
Equity markets have been modestly positive in Q3. Bucket 1 at $74,000, Bucket 2 at
$502,000, Bucket 3 at $967,000. The annual Bucket 2 to Bucket 1 income sweep will
occur in December as scheduled.
Maya's 529 account was reviewed post-front-load: the $90,000 contribution processed
in late June has grown to approximately $92,400 with market appreciation. Combined
with the existing balance, Maya's account is now at $127,000 — on track for the
$145,000 target at matriculation in 2029. Eli's account is at $38,200, tracking its
own trajectory. The advisor noted that Eli's college planning window is 6–7 years,
and the current pace is adequate for partial funding with income supplementation.
Beneficiary designations were reviewed as part of an annual audit. All accounts
reflect the revocable trust as primary beneficiary; Sam and Alex are
co-trustees. Life insurance policies and LTC hybrid policies are current. No changes
were needed. The advisor confirmed the estate plan is fully aligned with the current
financial structure.
Planning preview for year-end: the advisor raised the possibility of a Roth
conversion in 2026 if Alex's year-end income is below the projected level. If AGI
comes in below $380,000 before any conversion, there may be a window to convert
$20,000–$30,000 at the 32% bracket rather than 35%, saving approximately $600–$900
in lifetime taxes. The advisor will model this in October and make a recommendation
before year-end.
____________________________________________________________________________________
_
ACTION ITEMS

1. Model Roth conversion opportunity for 2026 — assess AGI projection in October;
recommend by November 1
2. Bucket 2 to Bucket 1 sweep: execute in December 2026
3. Send year-end tax planning summary to CPA — include 529 front-load election
documentation
4. Maya 529: confirm account balance and growth trajectory — no action needed
____________________________________________________________________________________
_
CONFIDENTIAL — For client use only. Not for distribution.
