Kiplinger rated the 50 states for retirees and Minnesota ranked in the Top 10 of the “Least Tax-Friendly States for Retirees”.
The article goes through the major tax components and shows what a retiree would pay in each category. Categories include: state sales tax, state income tax, taxes on social security income, how state real estate taxes compare to other states and estate taxes.
For those considering retiring in Minnesota this ranking will help those with options to live here or some other state.
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.
Regular | $2,000 + |
IRA | $25,000 + |
Term | Interest Rate |
2 Year | 3.00% |
3 Year | 4.00% |
5 Year | 6.00% |
Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.