{"id":199680,"date":"2025-09-04T13:52:25","date_gmt":"2025-09-04T13:52:25","guid":{"rendered":"https:\/\/www.europesays.com\/us\/199680\/"},"modified":"2025-09-04T13:52:25","modified_gmt":"2025-09-04T13:52:25","slug":"grant-cardone-taxes-could-ruin-retirement","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/199680\/","title":{"rendered":"Grant Cardone: Taxes Could Ruin Retirement"},"content":{"rendered":"

\"Grant <\/p>\n

\n \u00a9Grant Cardone <\/p>\n

Commitment to Our Readers<\/p>\n

GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n

\"\"<\/p>\n

20 Years<\/strong>
Helping You Live Richer<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

Trusted by<\/strong>
Millions of Readers<\/p>\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

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

Why Future Tax Rates Could Crush Your Nest Egg<\/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<\/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

Spending Is Optional \u2014 Taxes Aren\u2019t, Cardone Warned<\/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><\/p>\n","protected":false},"excerpt":{"rendered":"\u00a9Grant Cardone Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information.…\n","protected":false},"author":3,"featured_media":199681,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,8726,255,615,700,67,132,68],"class_list":{"0":"post-199680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-gobankingrates","10":"tag-personal-finance","11":"tag-planning","12":"tag-retirement","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115146362097952782","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/199680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=199680"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/199680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/199681"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=199680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=199680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=199680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}