Retirement's Big Shift: How the Rules Change After $1 Million
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
2.4 • 606 Ratings
🗓️ 24 July 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
What if everything you've learned about money completely changes once you cross the $1 million mark?
Many people think a healthy 7-figure nest egg means the hardest part is done, but ironically, that's when the biggest financial challenges start.
Today, Nick Maggiulli returns to share his latest retirement research, which inspired his new book, "The Wealth Ladder."
In this conversation, we explore:
▸ Why retirement savers with $1-10 million often feel "stuck"
▸ The surprising reason wealthy retirees are more likely to LOSE wealth than those with less money
▸ Why your investment portfolio becomes more important than your income at this stage
▸ The academic research showing good health is worth $400,000 per year
If you're nearing retirement (or already there), you'll learn why crossing the million-dollar mark isn't the finish line—it's when the game changes entirely.
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Transcript
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| 0:00.0 | Hey everyone. This week, I'm doing something I've never done before. You might remember my conversation |
| 0:05.6 | with Nick Majuli a few years ago. He wrote the book, Just Keep Buying, and it has sold over 400,000 |
| 0:12.9 | copies since we last spoke to him. Well, he's on the show again today to share his latest |
| 0:17.3 | retirement research and walk us through some of the key concepts in his brand new book, |
| 0:22.8 | The Wealth Ladder, that just hit the shelves this week. Like I've done in the past to support |
| 0:28.0 | the work of friends and guests of the show, I personally purchased 15 hard copies of Nick's new book |
| 0:34.9 | to give away to listeners. But it gets even better. I shipped all 15 of them |
| 0:39.8 | directly to Nick after he kindly agreed to personally sign each one with a special |
| 0:45.9 | stay wealthy message. To receive one of these signed copies, all you have to do is leave a written |
| 0:51.8 | review of this show in the Apple podcast app. |
| 0:55.1 | Take a screenshot of your review and email it to podcast at you staywealthy.com. |
| 1:00.3 | That's podcast at you staywealthy.com. |
| 1:03.1 | The first 15 emails that we receive will receive one of the signed copies. |
| 1:07.4 | And if you're listening to this later in the day or week, don't let that |
| 1:11.1 | stop you from writing a review and emailing your screenshot for two reasons. First, emails do |
| 1:16.7 | not come in as quickly as you'd think. People are often on the move when listening to podcasts. |
| 1:21.8 | And two, I have an extra box of unsigned copies that I'll be giving away to listeners until they're |
| 1:27.2 | gone. Thank you very much |
| 1:29.0 | in advance for supporting the show by leaving a review. It means more than you know. And thank you |
| 1:34.2 | for supporting the amazing guests who kindly share their expertise and knowledge with all of us |
| 1:39.4 | without ever expecting anything in return. Okay, on to today's episode. |
| 1:46.2 | What if everything you've learned about money completely changes once you cross the $1 million mark. |
... |
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