CLEARWATER WEALTH PARTNERS DocID: DOC-RetirementSSAnalysis-2018-001
Retirement & Social Security Analysis
Tax Year 2018
Prepared for:
Alex & Sam Chen
3215 Lakeview Circle, Wayzata, MN 55391
Household ID: HH-CHEN-001 | Custodian EIN: 61-4327891
Retirement
Alex's Age Sam's Age Years to Retirement* Retirement AUM
Confidence
35 34 25 $325,000 57%
(born 1983-05-14) (born 1984-11-02) *Alex at 60 in 2043 IRA1 + Roth IRA Model-based estimate
TY2018 Milestone: Equity Compensation Begins — RSU vesting introduces concentration risk and higher income
ANNUAL RETIREMENT PLANNING SUMMARY
Alex received their first RSU grant upon promotion (EventID-2018-01), introducing NLTK single-stock exposure in the taxable
account. While the S&P; 500 declined -6% and Q4 alone fell -14%, the bond-heavy IRA1 provided some cushion. Contributions
continued despite market turbulence. The advisor discussed with the Chens how equity comp interacts with retirement planning
— specifically, that RSU income (W-2) can be redirected to maximize retirement savings.
CONTENTS OF THIS PACKAGE
Section Description
Page 2 Retirement Account Detail — balances, contributions, asset allocation by account
Page 3 Retirement Income Projection — forward model to target retirement date
Page 4 Year-Specific Planning Notes & Key Topics
IMPORTANT: This analysis is for informational purposes only. Projections and confidence levels are based on simplified models and are not
guarantees of future results. Social Security benefit estimates are approximations. Consult your financial advisor and CPA before making
decisions. Synthetic demo data — not investment or financial advice.
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RETIREMENT ACCOUNT DETAIL — TAX YEAR 2018
Year-End Balances by Account
Account Account Type Tax Treatment Year-End Balance Prior Year Change
ACCT-IRA1 Alex Traditional IRA Tax-Deferred $272,000 $258,000 +$14,000
ACCT-RIRA Alex Roth IRA Tax-Free $53,000 $47,000 +$6,000
Combined
IRA1 + Roth IRA $325,000 $305,000 +$20,000
Retirement AUM
Note: Sam's employer-sponsored retirement plan (403(b)/401(k)) is maintained separately and is not custodied at Fidelity Institutional. Total
household retirement savings exceed amounts shown above.
CONTRIBUTIONS — TAX YEAR 2018
Annual IRA Contributions
Account Contribution Type Amount Notes
Tax-deductible subject to income limits; phased out at
ACCT-IRA1 Traditional IRA — Annual Contribution $5,500
high income
Non-deductible IRA converted to Roth; income
ACCT-RIRA Roth IRA — Backdoor Contribution $5,500
exceeds direct Roth threshold
Total Retirement
$11,000 IRA annual contributions only (excl. rollover)
Contributions
ASSET ALLOCATION BY RETIREMENT ACCOUNT
Year-End Return
Account Allocation Target IPS Basis
(Est.)
Core bonds + TIPS; tax-deferred income, moderate
ACCT-IRA1 58% Eq / 40% FI / 2% Cash -2.5%
equity sleeve
Small-cap + EM equity tilt; tax-free growth for long
ACCT-RIRA 78% Eq / 20% FI / 2% Cash -4.0%
horizon
Tax-aware placement strategy: Fixed income (UCBIX, UTIPX, MUNIX) held in IRA1 to shield interest income. Higher-growth equity (USCIX,
EMEIX) held in RIRA to maximize tax-free compounding. ACCT-TX01 (taxable) maintains equity core + muni sleeve.
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RETIREMENT INCOME PROJECTION — AS OF DECEMBER 31, 2018
Model Assumptions
Assumption Value Notes
Target Retirement Age — Alex Age 60 / 2043 GoalID-2016-01; Sam retires 2044
Target Retirement Income $185,000/yr Today's dollars; inflation-adjusted at retirement
Inflation / Portfolio Growth 2.5% / 6.5% Net of ~0.70% advisory fee; blended IRA/Roth allocation
Annual IRA Contributions $11,000/yr Current year rate; continued until retirement
SS income offsets portfolio withdrawals; see SS page
Withdrawal Rate / SS Coverage 4.0% / Supplemental
(2025+)
5-Year Snapshot Projection (IRA1 + RIRA; 6.5% Growth Rate)
Year Calendar Yr Alex's Age Projected Balance Cumul. Contribs Growth Component
Now 2018 35 $325,000 $0 $0
+5 yrs 2023 40 $507,908 $55,000 $127,908
+10 yrs 2028 45 $758,508 $110,000 $323,508
+15 yrs 2033 50 $1,101,852 $165,000 $611,852
+20 yrs 2038 55 $1,572,263 $220,000 $1,027,263
+25 yrs 2043 60 $2,216,767 $275,000 $1,616,767
Retirement Income Coverage Analysis
Income Source Annual (Nominal) Annual (Today's $) Notes
From IRA1+RIRA of $2,216,767 at
Portfolio Withdrawal (4% of Projected) $88,671 $47,828
retirement
Social Security — Alex (FRA 67) $49,200/yr* ~$49,200 Begins 2050; today's dollars
Social Security — Sam (FRA 67) $37,200/yr* ~$37,200 Begins 2052; today's dollars
Portfolio withdrawal + SS (both at
Total Projected Retirement Income $175,071 —
FRA)
GoalID-2016-01; inflation-adjusted at
Income Target (Today's Dollars) — $185,000
retirement
* Social Security estimates in today's dollars. Actual benefits vary with earnings, policy, and claimed age. Estimates are preliminary until formal SS
analysis (RecID-2025-02). Projections assume current contribution rate continues. Sam's employer plan and taxable ACCT-TX01 not included above.
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YEAR-SPECIFIC PLANNING NOTES — TAX YEAR 2018
Key Planning Points
(cid:127) EventID-2018-01: RSU equity comp begins — W-2 rises to $228k; consider redirecting vesting proceeds to max IRA/401k
contributions
(cid:127) Market decline (-6%) modestly impacted retirement accounts; IRA1 bond sleeve acted as ballast
(cid:127) Backdoor Roth conversion continued; no wash-sale risk in IRA; RIRA tilt maintained (small-cap/EM)
(cid:127) Discussion: as NLTK concentration builds in ACCT-TX01, avoid adding equity comp to IRA allocations — maintain
diversified tilt
(cid:127) TaskID-2018Q4-001: Equity comp analysis — RSU vesting schedule mapped to retirement contribution maximization
KEY TOPICS REFERENCED THIS YEAR
(cid:127) Equity Compensation & Retirement Integration (EventID-2018-01)
CUMULATIVE RETIREMENT SAVINGS TRAJECTORY
Year IRA1 Balance RIRA Balance Combined Ret. AUM Annual Contrib. Confidence
2016 $200,000 $40,000 $240,000 $11,000 52%
2017 $258,000 $47,000 $305,000 $11,000 57%
2018 $272,000 $53,000 $325,000 $11,000 57%
Retirement confidence score is a model-based estimate considering current balances, projected contributions, expected returns, inflation, and the
retirement income target. It does not constitute a guarantee or financial plan. Sam's employer plan is excluded.
Clearwater Wealth Partners — Chen Household Retirement Planning | Tax Year 2018 | This document is for informational and planning purposes only.
Not financial, legal, or tax advice. Synthetic demo data.
Clearwater Wealth Partners (Synthetic) — Chen Household HH-CHEN-001 | CONFIDENTIALSynthetic Demo Data Only — Not Investment or Financial Advice | Page 4
