Your Financial X-Ray
This is the format you receive by email. A Chartered Accountant (CPA-equivalent) and FRM reads the statements, ties the numbers, and writes what is worth verifying. It is not a pitch to buy or sell a security.
Your Financial X-Ray in 60 seconds
What's going well
Established asset base
$486,230 identified in the file — checking, savings, brokerage, and 401(k).
Retirement savings underway
$165,000 already in the employer 401(k).
Meaningful investment portfolio
$452,030 invested across brokerage and the plan.
Cash on hand
$34,200 in bank accounts. The question in this file is the rate, not whether cash exists.
No liabilities listed
These statements show $0 of debt. That does not mean a mortgage or other loans do not exist outside this file.
What needs attention
Ranked by potential financial impact. We prioritize so you know where to focus — not to tell you what to buy or sell.
Single-stock concentration
42.7% · ~$192,917 in one stock.
401(k) contribution
4% employee election vs a 6% match threshold on the statement.
Overlapping S&P 500 exposure
SPY + VOO + FXAIX = $112,000 (24.8% of invested assets).
Investment costs
Known expense ratios illustrate ~$1,850 a year if applied to invested assets.
Tax-loss opportunities
$8,420 of unrealized losses in the taxable account, plus a possible wash-sale window on ARKK.
Financial snapshot
Net worth from these pages only. Home equity, cars, and other accounts are omitted rather than invented.
| Item | Account | Amount |
|---|---|---|
| Checking | Example Bank •••2201 | $8,200 |
| Savings | Example Bank •••7740 | $26,000 |
| Joint brokerage | Example Brokerage •••4412 | $287,030 |
| Employer 401(k) | Plan •••9081 | $165,000 |
| Total assets in file | $486,230 | |
| Liabilities in file | None listed | $0 |
| Net worth (these pages only) | $486,230 |
Findings, one at a time
Each item states what was on the page, why it matters in dollars where we can, and what to verify. We do not recommend buying or selling a named security.
Single-stock concentration — 42.7% · ~$192,917
What we found
950 shares of AAPL, market value $192,917 ÷ $452,030 invested = 42.7%. Cost basis $88,000; unrealized gain $104,917 in the taxable account.
Why it matters
Income and this holding both appear tied to the same large U.S. technology name. A large move in one stock moves a large share of the portfolio.
Potential impact
A 20% decline in this position would represent approximately $38,600 of portfolio value, before considering movements in other holdings.
What to check
Whether this is intentional (compensation, concentrated conviction, or drift). Rule 10b5-1 / company trading windows if it is employer stock — the file does not label it as employer stock, so we did not assume that.
Our assessment
Review whether your current single-stock concentration is consistent with your risk tolerance and financial goals. We are not telling you to sell Apple.
401(k) contribution review — 4% vs a 6% match threshold
What we found
Current employee contribution on the statement: 4%. Potential employer match threshold: 6% ("100% of the first 6% of eligible pay"). YTD employee deferral printed: $6,000 as of 30 Jun (half-year).
Why it matters
Based on the information available, you may not be contributing enough to receive the full employer match. That is not the same as proving money is being left on the table until eligible pay and the live election are confirmed.
Potential impact
Using the midpoint of the stated income range ($160,000): 2% of pay ≈ $3,200 per year of match that would not be captured if the election stays at 4% and the formula is still 100% of the first 6%. If actual eligible pay differs, the dollar gap scales with it.
What to check
Employer matching formula · eligible compensation · current contribution election (not just the last statement) · any year-end true-up provision.
Our assessment
This is usually the highest-certainty dollar item in the file — after you verify it with the plan portal. We are not instructing you to change the election from this page.
Hidden portfolio overlap — the same S&P 500 sleeve three times
What we found
You have multiple investments that provide similar S&P 500 exposure.
Combined exposure: ~$112,000 · 24.8% of invested assets.
Why it matters
Owning several funds does not necessarily mean you have several different exposures. Multiple funds can contain many of the same companies. Counting three tickers as three diversifiers overstates how spread out the book is.
Potential impact
SPY's expense ratio (0.0945%) is higher than VOO (0.03%) and FXAIX (0.015%) for the same exposure. That is a cost observation, not a sell order.
What to check
Review overlapping exposure across your current funds. We are not telling you to buy VOO or sell SPY.
Our assessment
Worth reviewing. Same index, three products.
The 401(k) is paying for a full target-date fund and extra stock on top
What we found
FFTHX $98,000 at 0.75% ≈ $735/year. FCNTX $25,000 at 0.39% ≈ $98/year. FXAIX $42,000 at 0.015% ≈ $6/year. 401(k) weighted ER ≈ 0.51%.
Why it matters
The Freedom 2035 fund is already a full allocation. Holding it with FXAIX and Contrafund means the 401(k) is not "the 2035 mix" — it is that mix plus extra U.S. large-cap stock.
What to check
The same recordkeeper also shows FXAIX at 0.015%. Whether a lower-cost target-date or index option exists is a plan-menu question. We are not naming a replacement fund to buy.
Our assessment
A characteristic of the current mix, not a trade ticket.
Portfolio concentration
Market values as printed 30 Jun 2026. Investable total $452,030.
Top holding: 42.7%. Top 5 holdings: 89.8% ($405,917 of $452,030). Sector mix is not fully classified from these statements. The largest identified single name is a U.S. large-cap technology stock.
Asset allocation
What this means
Almost all of the $452k is equity-like. International is not identified as a separate sleeve (the 2035 target-date fund contains some, but we do not unbundle it without a fact sheet in the file). Bonds are not a separate identified sleeve. SPY + VOO + FXAIX are the same S&P 500 exposure counted three times if you only look at the number of tickers.
What your investments cost
Estimated annual fund expenses
What we found
Your investments cost about $1,850 per year in this illustration. Holdings with a published expense ratio: $259,113 of the $452,030. Average identified (asset-weighted) expense ratio: 0.409%. Estimated annual fund expense on that subset ≈ $1,060; if the same 0.41% applied to all invested assets the illustration is ~$1,850. AAPL has no ER (it is a stock).
Why it matters
Fund expenses are deducted from investment returns and can have a meaningful long-term effect on wealth.
Potential impact
Illustrative — not a forecast. Compared with a 0.03% broad-index illustration on the same $259,113, the annual gap is about $980. Over 20 years at an assumed 6% gross return before fees, the gap compounds to roughly $57,000. That is not a forecast of your wealth and not guaranteed savings.
What to check
Confirm current prospectus expense ratios; catalog figures can lag. Source for the idea that costs reduce returns: Investor.gov, "Mutual Fund and ETF Fees and Expenses."
Retirement readiness
Modeled path at 62 versus a simple spending heuristic
Current retirement assets
$165,000Ongoing contributions
$16,800 / yearTarget retirement age
62Time to retirement
24 yearsSocial Security
Not providedOther retirement income
Not providedEstimated future portfolio (base case, 6%): $1.52M in future dollars. Illustrative retirement target (25 × $90,000 spending): $2.25M. Estimated gap ≈ $730k.
What this means
Under these assumptions, the 401(k) path does not reach a simple 25-times-spending heuristic. You will not "have" $1.52M. Returns, inflation, Social Security, and the taxable brokerage (excluded from this retirement future-value) are not in the model.
| Scenario | Assumed return | Annual savings | Modeled value at 62 |
|---|---|---|---|
| Conservative | 4% | $16,800 | $1,080,000 |
| Base | 6% | $16,800 | $1,522,000 |
| Higher savings | 6% | $21,000 | $1,735,000 |
Assumptions (explicit)
Age 38 → 62 (24 years). Current retirement assets $165,000. Annual savings $12,000 employee + $4,800 employer = $16,800. Desired spending stated $90,000/year. Formula: FV = PV(1+r)^n + PMT[((1+r)^n−1)/r], annual compounding. Figures at 62 are future dollars, not today's purchasing power. Inflation is not applied. 2026 IRS employee 401(k) deferral limit is $24,500 (IR-2025-111); YTD $6,000 at mid-year is on pace for ~$12,000, below that limit — which is information, not an instruction to max the plan.
Tax review
Unrealized losses of $8,420 in the taxable account
What we found
$8,420 of unrealized losses were identified (SPY −$3,000 and ARKK −$5,420). AAPL sits on +$104,917 of unrealized gain in the same taxable account.
Why it matters
These losses may have tax implications, but whether realizing them is appropriate depends on your broader tax situation. Harvesting is not always useful (wash sales, changing the mix, state tax, NIIT).
What to check
This is a list of lots, not estimated tax saved, and not advice to harvest. A U.S. tax professional should look at lots and your return.
Possible wash-sale window on ARKK
What we found
Brokerage activity: sell ARKK 12 May 2026 (coded as a loss) and buy ARKK 20 May 2026 — 8 days apart. IRC §1091 can disallow a loss if a substantially identical security is bought within 30 days before or after the sale.
What to check
We cannot complete Form 8949 from this file. Show the ARKK dates to a U.S. tax professional before any loss-harvesting idea.
Our assessment
A consideration, not a completed tax calculation.
Cash & liquidity
Cash reserve $34,200 — most of it earning below a public benchmark
Cash identified
$34,200Est. monthly expenses
Not providedCoverage vs expenses
Cannot calculateHeuristic vs income
~2.6 months| Account | Balance | Stated APY | Est. annual interest |
|---|---|---|---|
| Checking •••2201 | $8,200 | 0.01% | $1 |
| Savings •••7740 | $26,000 | 1.10% | $286 |
| Total | $34,200 | ~0.84% wtd | $287 |
Assumptions
Monthly expenses were not in the file, so months-of-expenses cannot be scored. As a heuristic only: midpoint stated income $160,000 ÷ 12 ≈ $13,300; $34,200 / $13,300 ≈ 2.6 months of gross income. That is not an emergency-fund recommendation.
FDIC National Rates as of 17 August 2026: national savings average 0.38%; Treasury-linked savings benchmark 3.63% (fdic.gov/national-rates-and-rate-caps). $34,200 × 3.63% ≈ $1,241 versus $287 at stated APYs. Hypothetical extra ≈ $950/year. Not a quote for any account we open. Liquidity, FDIC coverage, and transfer friction all matter.
What we could not analyze
This report is not your complete financial life. If it is not in the file, it is not invented.
Your action plan
The report finishes with what to investigate — not another page of analysis, and not trade instructions.
Do first
- Review 401(k) contribution and employer match.
- Review single-stock concentration.
Do next
- Review overlapping S&P 500 investments.
- Review investment costs.
Discuss with a professional
- Review potential tax-loss opportunities (including the ARKK dates).
- Review retirement assumptions (Social Security, inflation, spending).
Details / methodology — score components and holdings table
Score components
Overall 71 is a weighted average of the eight categories. Missing inputs are excluded, not scored as zero.
| Category | Weight | Score |
|---|---|---|
| Concentration | 14 | 25 |
| 401(k) / savings rate | 10 | 50 |
| Investment costs | 12 | 65 |
| Tax efficiency | 8 | 68 |
| Diversification | 16 | 70 |
| Retirement path | 16 | 71 |
| Liquidity | 12 | 75 |
| Debt | 12 | 100 |
Holdings we tied out
| Holding | Account | Value | % inv. | Cost basis | Unrealized | ER |
|---|---|---|---|---|---|---|
| AAPL · Apple Inc. | Brokerage | $192,917 | 42.7% | $88,000 | +$104,917 | — |
| FFTHX · Fidelity Freedom 2035 | 401(k) | $98,000 | 21.7% | n/a | n/a | 0.75% |
| SPY · SPDR S&P 500 | Brokerage | $48,000 | 10.6% | $51,000 | −$3,000 | 0.0945% |
| FXAIX · Fidelity 500 Index | 401(k) | $42,000 | 9.3% | n/a | n/a | 0.015% |
| FCNTX · Fidelity Contrafund | 401(k) | $25,000 | 5.5% | n/a | n/a | 0.39% |
| VOO · Vanguard S&P 500 ETF | Brokerage | $22,000 | 4.9% | $19,800 | +$2,200 | 0.03% |
| ARKK · ARK Innovation ETF | Brokerage | $15,000 | 3.3% | $20,420 | −$5,420 | 0.75% |
| AGTHX · Growth Fund of America A | Brokerage | $9,113 | 2.0% | $9,000 | +$113 | 0.62% |
Disclosures
Sources used in this sample: IRS IR-2025-111 (2026 401(k) limit $24,500); FDIC National Rates 17 Aug 2026; Investor.gov fee bulletin; IRC §1091 wash sales. Expense ratios from issuer fact sheets as of the sample catalog date — verify the current prospectus.