Ironlake — A wealth operating system

The IPS is the written constitution every disciplined plan rests on. Answer a handful of questions and walk away with a printable draft. The full Ironlake builder versions it, references your active model, and gates sell rules at the moment of decision.

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

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.Consider tax-loss harvesting 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.