Ironlake

An Investment Policy Statement (IPS) is the written policy for your objectives, target allocation, sell discipline, tax-location preferences, and review cadence. Answer a handful of questions and walk away with a printable draft.

Your name (optional)

State of residence

Time horizon (years)

Primary objective

PreservationBalanced growth + incomeLong-term growth

Risk capacity

Low — drawdowns would jeopardize required spendingModerate — drawdowns are tolerable for several yearsHigh — long horizon, no required spending pressure

Target allocation

Target allocation means the long-term mix you want the portfolio to return to when markets drift.

Sell-discipline rules

Rebalance any asset class that drifts more than 5 percentage points from its sleeve weight.When selling, prefer lots held more than 12 months to capture long-term capital gains treatment.Review tax-loss harvesting candidates when a position is materially below cost basis, subject to wash-sale rules.Do not make discretionary sells during the first 30 days of a market drawdown greater than 10%.Reduce any single-stock concentration above 5% of total portfolio over a 12-month horizon.Maintain at least 12 months of essential expenses in cash; never tap this reserve for discretionary spending.

Tax-location preference

Place tax-inefficient assets (taxable bonds, REITs) in tax-deferred accounts; place equity index funds in taxable; place highest-growth assets in Roth.Hold municipal bonds in taxable accounts (for the federal exemption); other taxable bonds in tax-deferred; equity index funds in taxable.No specific tax-location preference at this time; revisit annually.

Additional notes (optional)

Draft your Investment Policy Statement.