Financial advisors for retirees in Minnesota

Which financial advisor should I talk to as a retiree in Minnesota?

For retirees in Minnesota, talk to a fee-only planner who already works with people drawing down their savings. Your questions have moved from saving to spending, so look for steady withdrawals, tax-aware RMD planning, and care planning. Records to start with include Josh Wolberg of Great River Financial, Eaton Miller of PlanWell Financial Guidance and Mitchell Thompson of MJT & Associates Financial Advisory Group.

How many fee-only financial advisors in Minnesota work with retirees?

The Wellspent public graph lists 88 fee-only advisors for retirees in Minnesota, at 32 firms. We counted every advisor record that lists this work, as of October 2026.

How do fee-only advisors for retirees in Minnesota charge?

The most common fee among fee-only advisors for retirees in Minnesota is a percentage of assets, used by 84% of the 88 with fees on file. Many use more than one: 42% charge fixed fees and 14% charge an ongoing planning fee.

How much do fee-only financial advisors charge in Minnesota?

Fee-only financial advisors in Minnesota charge a median of $2,100 a year for ongoing planning. We found this across the published prices of 16 Minnesota firms.

How much does a one-time financial plan cost in Minnesota?

A one-time financial plan from a fee-only firm in Minnesota has a median price of $1,200. We found this across the published prices of 13 Minnesota firms.

See every fee-only advisor fee in Minnesota

What credentials should a financial advisor for retirees have?

For retirees, look for the RICP and CFP. In Minnesota, 64% of the 88 advisors listed hold the CFP.

Does Minnesota tax Social Security?

Yes, for some residents. Minnesota taxes Social Security with exemptions that depend on income, so it belongs in a withdrawal plan.

What should I ask a financial advisor as a retiree in Minnesota?

1. How much can I spend each year, and how will you adjust it?
2. How do you plan around RMDs and Medicare premiums?
3. How would you pay for long-term care if I needed it?
4. What happens if I can't manage this myself, or my spouse dies first?
5. How does Minnesota tax each source of my retirement income?

How current is this list of fee-only advisors for retirees in Minnesota?

Wellspent last checked these records against SEC records in October 2026 and firm websites in October 2026. Each advisor's page shows the date for that record.