Why Minnesota is Good Place To Live After Retirement

Did you know? 

Approximately 47% of Americans consider moving to another place after their retirement. 

There are many factors that you consider before making your decision of where, however, the greatest weight generally goes to the cost of living, overall healthcare quality, and taxes. Most people often think about a warm place to get away from winters but you’ll be surprised to know that people are choosing Minnesota to stay after retirement. 

Why Minnesota For Retirement?

Here are some of the reasons to choose Minnesota for your retirement:

1. Northern Minnesota Connection – The greatest factor of choosing Minnesota is its connection to the area already. Many of them have visited Minnesota as kids for vacations and have created many memories. The people love the nostalgia associated with being here. 

2. Minnesota Healthcare – The financial burden of healthcare on aging residents can be a stumbling block. However, if you’re planning to choose Minnesota for your retirement stays, you don’t have to worry about healthcare insurance. The good news is, Minnesota has been ranked as one of the healthiest states for adults, aged 65 and older by AARP. Minnesota has many special clinics, such as cancer centers, pain specialists, cardiologists, specialty surgery, and more. You can get better quality care by connecting with a qualified financial advisor. 



3. Outdoor Recreation – We know not everyone likes winter but those who do Minnesota is heaven for them. With plenty of snowfall each year (roughly 44.3 inches, to be exact), Minnesota is a great place for adventurous and active seniors. There are lakes and parks for ice skaters and tons of places for ice fishing. Summer offers beautiful and splendid state parks, forests, and hiking trails to explore. With technically 11,842 lakes, retirees have ample opportunities for boating, swimming, fishing, and more. 

4. Travel Opportunity – Buying a home in Minnesota doesn’t mean you have to stay here all year round. A few retirees like traveling to the south in the winter season. So Minnesota offers retirees an opportunity to travel to nearby places. 

Plan Your Minnesota Retirement

If you’re planning to move Minnesota after retirement, we suggest you connect with a good financial advisor who can assist you with retirement and investment planning. You can reach out to Minnesota bank and trust to hire a great financial advisor. Have any queries, do let us know in the comment section below. 

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