Yikes! Minnesota is tough on taxes for retirees. No other way around it.
High tax on income. High tax on property. High tax on sales too.
Factor in all three and you’re in a very unfriendly state tax-wise.
Now, again, if you are going to retire in Minnesota, it makes sense to be engaging in proactive tax planning. The source of your income stream is HUGE.
$50k in say IRA distributions plus $25k in Social Security = a tax nearly $3k
Switch those two numbers though and you have basically NO income tax!
Critically important to understand the tax code and what income is taxed.