> FICTITIOUS DOCUMENT — FORGE DEMO ONLY · SPECIMEN

# Client Review Memo — The Marbury Household (H050)

- **Clients:** Quentin Marbury, Alan Marbury
- **Meeting date:** 2026-04-28 (in-office)
- **Advisor:** Marcus Hale
- **Cadence:** annual review
- **Client since:** 2009-01

## Agenda & discussion

1. **Retirement income review.** Quentin retired late last year and the household is
   now drawing from the portfolio. Reviewed the systematic withdrawal we set up and
   whether the monthly figure still fits their spending — currently about $4,200/month
   [color]. They said it feels comfortable; no change requested this cycle.
2. **Beneficiary check.** Confirmed the IRA primary beneficiary designation is current
   and matches their intent (spouse primary). No update needed.
3. **Social Security timing.** Alan asked whether to file at full retirement age or
   wait; we walked the trade-off at a high level and agreed to model it before the
   next review.

## Decisions

- Keep the systematic withdrawal unchanged.
- No beneficiary change.

## Action items

| # | Item | Owner | Due |
|---|---|---|---|
| 1 | Prepare a Social Security claiming comparison for Alan | Marcus | 2026-05-15 |
| 2 | Refresh the distribution schedule sheet for the file | Priya | 2026-05-08 |

*— M. Hale, 2026-04-28*