Why Grant Cardone Says Taxes Are the No. 1 Threat to Your Retirement

Core Viewpoint - Taxes are a significant and often overlooked threat to retirement planning, potentially derailing financial security in retirement [3][4][6] Group 1: Tax Implications on Retirement - Many individuals assume that future tax rates will remain stable, which is a risky assumption according to Grant Cardone [3][4] - Cardone warns that future tax rates could be extremely high, potentially reaching 90%, which would drastically reduce retirement withdrawals [4][6] - The mandatory nature of taxes means that they are an unavoidable expense, unlike discretionary spending [5][6] Group 2: Planning for Uncertainty - Retirement planning should not only focus on controllable factors but also prepare for unpredictable elements like tax changes [6] - Building income streams that are tax-advantaged or tax-free is essential for securing retirement funds against potential tax increases [6] - The requirement to withdraw a percentage of retirement savings at age 73, combined with high tax rates, could leave retirees with insufficient funds for living expenses [6]