Grant Cardone Says Don’t Rely on Social Security in Retirement– Do This Instead

Core Insights - Social Security is increasingly viewed as an unreliable source of retirement income, with experts warning that the trust fund reserves may deplete, potentially raising the age for benefit collection [1][2] - Grant Cardone emphasizes the need for retirees to seek alternative income sources beyond Social Security, suggesting that many may need to continue working into their 70s or older [2][4] Investment Strategies - Traditional retirement accounts like 401(k)s and IRAs are criticized for their lack of liquidity, transparency, and control, as well as tax uncertainties [3] - Cardone advocates for investing in income-producing real estate, particularly apartment buildings, as a means to generate consistent passive income for retirees [5][6] - Other income-generating options for retirees include dividend stocks, annuities, high-yield savings accounts, part-time work, freelance projects, renting out property, and selling creative works [7]