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Hanging it up: Minnesota ranked 8th-best place to retire [Video]

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The research by personal finance website WalletHub says Minnesota ranks number one in health care facilities per capita, but dead last in cost of home services.

MINNEAPOLIS — Mention the word “retirement” and many people envision sunshine and sand beaches that seem to go on forever. 

As it turns out, a northern haven with icy cold winters isn’t a terrible option either. 

New research by personal finance website WalletHub found that Minnesota is the 8th-best state to retire in, based on results in 46 key metrics from three key dimensions: affordability, health-related factors and overall quality of life.  

WalletHub said many Americans fear that they might never get to retire, which is understandable when 28% of non-retired adults haven’t saved any money for retirement, and currently Social Security benefits replace about 37% of the average worker’s earnings. 

“Being retired brings freedom, but it also naturally is a time of financial constraint, with many seniors living on a fixed income,” said WalletHub …

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