Stay Wealthy Retirement Podcast Retirement's Big Shift: How the Rules Change After $1 Million
19 snips
Jul 24, 2025 
Nick Maggiulli, a data scientist and COO of Ritholtz Wealth, dives into the complexities of managing wealth after surpassing the $1 million mark. He reveals why savers in the $1-10 million range often feel financially 'stuck' and discusses the surprising risks wealthy retirees face in preserving their wealth. The conversation underscores the crucial importance of health over mere monetary wealth, alongside the need for robust investment strategies to ensure a successful retirement. Tune in for insightful takeaways on navigating the new financial landscape.
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Six Wealth Levels Require Different Strategies
- Wealth divides into six net-worth based levels, each with distinct strategies and questions to climb higher.
- Nick Maggiulli argues you must change spending, income, and investment choices as you move up the ladder.
Profile Of The $1M–$10M Household
- Level four ($1M–$10M) households are older with median age 62 and ~$200k income.
- Their assets are split between primary residence, retirement accounts, and income-producing investments.
Use Wealth-To-Set Marginal Spending
- Maggiulli uses a 0.01% per day rule (~3.7% annually) to judge daily marginal spending from wealth.
- That math reframes spending decisions like travel upgrades as tied to wealth, not income.
