{"id":120677,"date":"2025-09-05T12:26:23","date_gmt":"2025-09-05T12:26:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/120677\/"},"modified":"2025-09-05T12:26:23","modified_gmt":"2025-09-05T12:26:23","slug":"taxes-are-the-biggest-threat-to-your-retirement-according-to-grant-cardone","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/120677\/","title":{"rendered":"Taxes Are the Biggest Threat to Your Retirement, According to Grant Cardone"},"content":{"rendered":"\n

Retirement planning is full of unknowns, from how long you\u2019ll live to how much you\u2019ll spend. But according to Grant Cardone, there\u2019s one threat that could quietly sabotage your future<\/a>: taxes.<\/p>\n

Find Out: Here\u2019s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k)<\/a><\/p>\n

Read Next: 5 Cities You Need To Consider If You’re Retiring in 2025<\/a><\/p>\n

Here\u2019s why the private equity fund manager and real estate investor believes that taxes can easily derail your retirement plans<\/a>.<\/p>\n

Many of us plan for retirement<\/a> under the assumption that tax rates will be close to what they are right now, but Cardone \u2014 who recently launched the 10X Wealth Plan<\/a>, a personalized financial coaching program \u2014 said this is an assumption we should not be making.<\/p>\n

\u201cEverybody assumes their retirement account\u2019s going to handle them, but they don\u2019t know what their tax [burden will be] when they\u2019re 73 years old,\u201d he told GOBankingRates. \u201cIn the year 2061, you have no clue what the taxes will be. Taxes could be 90%, which means is 90% of your retirement withdrawal will go to the federal government.\u201d<\/p>\n

Learn More: Avoid This Retirement Savings Mistake That\u2019s Costing Americans Up To $300K<\/a><\/p>\n

Cardone believes that taxes are such a threat to your retirement<\/a> because they\u2019re an expense that\u2019s out of your control.<\/p>\n

\u201cExpenditures are a choice,\u201d he said. \u201cTaxes are a mandate. I don\u2019t have a choice, and I don\u2019t control how much it is. That pair of shoes, I could buy them or not buy them. The withholding tax, I cannot [control].\u201d<\/p>\n

If tax rates increase, even those who planned ahead and have millions of dollars saved may not be able to have a secure retirement<\/a>.<\/p>\n

\u201cAt 73 years old, you\u2019re forced by the IRS to withdraw 4%, so for every million dollars [you have in retirement savings], you\u2019re required to pull out $40,000 a year,\u201d Cardone said. \u201cIf that\u2019s taxed at 60%, you don\u2019t have enough money to go to the retirement house.\u201d<\/p>\n

Given Cardone\u2019s warning, you shouldn\u2019t just plan for what you can control \u2014 you also need to prepare for what you can\u2019t. That means building income streams that are tax-advantaged or tax-free, and staying flexible as laws change.<\/p>\n

More From GOBankingRates<\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: Taxes Are the Biggest Threat to Your Retirement, According to Grant Cardone<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Retirement planning is full of unknowns, from how long you\u2019ll live to how much you\u2019ll spend. But according…\n","protected":false},"author":2,"featured_media":120678,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,38374,184,185,6541,17822,67753],"class_list":{"0":"post-120677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-grant-cardone","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-retirement-planning","16":"tag-retirement-savings","17":"tag-retiring"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/120677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=120677"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/120677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/120678"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=120677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=120677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=120677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}