Retirement Income Plans From Daner Wealth Management for Lasting Security

“Will my income be enough to maintain your lifestyle in retirement?” This is one of the most important financial questions we are asked. We work closely with clients to evaluate options and develop a strategy aligned with their goals. Daner Wealth Management is a retirement financial planner in Alpharetta, GA. We work closely with individuals and families in the area to build personalized retirement income plans. With over 30 years of experience, we understand that retirement planning isn’t just about reaching a number. It’s about building confidence in the plan you’re following.

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Whether you’re still accumulating wealth or nearing retirement, knowing how your money will support you over the long haul is vital. That’s where a retirement income strategy becomes essential.

What Is a Retirement Income Plan and Why Do You Need One?

A retirement income plan is a strategy for turning your savings and investments into a steady income after you stop working. We help you determine how much you can withdraw, when to begin taking Social Security, and how to use tax-efficient withdrawal strategies to support your lifestyle.

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Even high earners can feel unsure about whether they’re saving enough or managing withdrawals properly. Questions like:

• Will I outlive my money?
  
  
• When should I claim Social Security?
  
  
• What’s the most tax-efficient way to take distributions?
  
  

All of these are at the heart of retirement income planning. And the earlier you make retirement plans, the more flexibility you’ll have later.

How Much Do You Need to Retire Comfortably?

There’s no one-size-fits-all answer here. What’s “comfortable” varies greatly depending on lifestyle, family needs, and goals. But we can guide you toward clarity.

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We start by helping you define your retirement vision, from travel to time with grandchildren, then calculate the estimated costs. Then we evaluate your savings, projected income sources, tax exposure, and longevity assumptions.

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According to the U.S. Bureau of Labor Statistics, households led by someone aged 65 and older spend an average of $52,141 per year, but that’s just a national average. High-income households often need far more to sustain their desired lifestyle in retirement.

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This is why personalized retirement planning services matter. Daner Wealth Management works with you to model different scenarios and help you build a strategy that aligns with your income needs and legacy goals.

What Are the Key Components of a Reliable Retirement Income Plan?

A strong retirement income plan typically includes the following elements:

1. Withdrawal Strategy

We help you decide how and when to draw from your various retirement accounts, such as 401(k)s, IRAs, brokerage accounts, and more. This process is customized to:

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• Reduce taxes
  
  
• Minimize penalties
  
  
• Avoid running out of money
  
  

We often recommend a blended withdrawal strategy, balancing taxable and tax-deferred distributions to smooth your tax liability over time.

2. Social Security Optimization

Social Security is a key income source. But deciding when to claim it can have a lasting impact. Claiming too early can lock in a lower benefit permanently. We evaluate your options based on:

• Expected longevity
  
  
• Other income sources
  
  
• Spousal benefits
  
  

Daner Wealth Management’s retirement planning services include Social Security analysis tailored to your full financial situation.

3. Tax-Efficient Retirement Planning

Without careful planning, taxes can erode your retirement income. It is well recognized in financial analysis that retirees pay hundreds of billions in federal income taxes annually, reflecting their substantial role in the nation’s tax base.

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An experienced retirement financial planner like Marc Daner helps you manage tax exposure by:

• Strategically timing withdrawals
  
  
• Coordinating Roth conversions
  
  
• Managing capital gains
  
  
• Leveraging charitable giving strategies
  
  

This is especially important for clients in higher tax brackets or with concentrated equity positions, such as RSUs or stock options.

4. Healthcare and Long-Term Care Planning

Healthcare is one of the largest expenses in retirement. According to Fidelity's 2025 Retiree Health Care Cost Estimate, a 65-year-old individual retiring in 2025 can expect to pay about $172,500 on average for healthcare and medical expenses throughout retirement.

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We help prepare for this by:

• Modeling out-of-pocket Medicare costs
  
  
• Exploring long-term care options
  
  
• Discussing insurance solutions based on your family history and goals
  
  

5. Legacy and Estate Planning

Many clients want to support loved ones or causes they care about. That’s why Daner Wealth Management integrates retirement planning with estate strategies. We coordinate with estate attorneys to ensure your income and asset distribution support your wishes, whether it’s through trusts, gifting, or beneficiary alignment.

What Are Common Mistakes We Help You Avoid?

A personalized retirement income plan may reduce the likelihood of common mistakes, such as:

• Withdrawing too much, too fast
  
  
• Paying unnecessary taxes
  
  
• Failing to account for healthcare costs
  
  
• Claiming Social Security at the wrong time
  
  
• Ignoring the impact of inflation
  
  

Many of these mistakes are preventable, and with decades of experience, Daner Wealth Management draws on deep planning knowledge to help clients make retirement income decisions. As a fiduciary advisory firm, we do not receive commissions from product sales. Our focus is on providing objective, client-first planning and support.

What Should You Ask a Retirement Advisor Near You?

If you're looking for a retirement advisor near you, here are a few important questions to consider:

• “How do you help clients build tax-efficient retirement income strategies?”
  
  
• “Can you coordinate my retirement income with my estate plan?”
  
  
• “How often will we meet to review and adjust the plan?”
  
  

Your retirement plan should be flexible, and so should your relationship with your advisor. Daner Wealth Management communicates clearly with our clients to revisit assumptions, adjust withdrawal strategies, and stay aligned with evolving tax laws and market conditions.

Who We Work With and Why It Matters

Our clients include corporate professionals, executives, and business owners. Many are preparing for retirement while juggling equity compensation, real estate, business income, or inheritance planning. They aren’t looking for one-time advice; they’re looking for a retirement planning partner.

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They choose us because we provide:

• Personalized planning built around real goals
  
  
• Consistent support from a small, highly experienced team
  
  
• Transparent, fiduciary guidance without product commissions
  
  

We often work with corporate professionals who hold significant 401(k) balances and equity compensation. Daner Wealth Management helps them coordinate these assets into a retirement income plan that accounts for taxes, lifestyle goals, and evolving cash flow needs.

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Our holistic wealth management approach works best when we can monitor your complete investment picture, so we generally ask clients to place their portfolios with us. This allows Daner Wealth Management to build retirement plan strategies designed to align with your income needs and reduce financial uncertainty.

How We Help You Stay on Track

Retirement planning doesn’t end once you stop working. It’s a living process. We continuously monitor your plan, track income needs, and adapt to life changes, whether that’s market shifts, new tax laws, or evolving family goals.

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You’ve worked hard to build your wealth. Our role is to help you create a structured retirement income strategy intended to provide financial support through retirement.

Build Your Retirement Income Plan With Guidance From Daner Wealth Management

A thoughtful retirement income strategy can bring clarity and direction to the years ahead. Whether you’re 5 years away from retirement or already there, it’s never too late or too early to plan with purpose.

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If you are looking for a retirement advisor near you in Alpharetta, GA, call Daner Wealth Management at (770) 368-6033 or email us at marc@danerwealth.com. Our small team offers personalized guidance to help align your retirement income with your long-term goals. Marc Daner and Kellie Borror have an enduring commitment to your financial success. We serve clients throughout Alpharetta, Roswell, Milton, Johns Creek, Sandy Springs, and other nearby Georgia communities.

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