> FICTITIOUS DOCUMENT — FORGE DEMO ONLY · SPECIMEN

# Client Review Memo — The Pelham Household (H077)

- **Clients:** Elaine Pelham, Nora Pelham
- **Meeting date:** 2026-08-20 (video)
- **Advisor:** Marcus Hale
- **Cadence:** annual review
- **Client since:** 2018-07

## Agenda & discussion

1. **Annual review.** No allocation change requested; both comfortable with the plan.
2. **Roth conversion discussion.** Elaine asked whether a partial Roth conversion makes
   sense this year given a lower-income window before Nora returns to work. Walked the
   trade-offs and the tax-bracket headroom at a high level; agreed we should model a
   specific conversion amount before acting. Nothing converted yet — this is analysis
   only.
3. **Emergency reserve.** Confirmed their cash reserve is adequate; no change.

## Decisions

- Model a partial Roth conversion for 2026 and bring a recommended figure back to them
  before year-end. No conversion executed until they approve the modeled amount.

## Action items

| # | Item | Owner | Due |
|---|---|---|---|
| 1 | Prepare a 2026 partial Roth conversion analysis with a recommended amount | Marcus | 2026-09-30 |
| 2 | Confirm the tax preparer's contact so we can coordinate | Priya | 2026-09-04 |

*— M. Hale, 2026-08-20*