Red Wing, MN Financial Advisors and Resources

Financial Advisor Firms in Red Wing, MN



(651) 388-6441

321 Main Street

Red Wing, MN 55066

SEC#: 801-107211
Years in Business: 5 years



(651) 388-1705

421 West 4th St
Red Wing, MN 55066

SEC#: 801-117837
Years in Business: 1 years

How Retirement-Friendly is Red Wing, MN?

  • Population: 16,338
  • % of Population 62 Years and Over: 25.6%
  • Average Home Value: $179,500
  • Average Monthly Housing Cost: $994
  • Average Household Income: $71,980
  • Minnesota Total Tax Burden: 9.99% (6th Highest in U.S.)
  • Minnesota Property Tax: 2.86% (23rd Highest in U.S.)
  • Minnesota Individual Income Tax: 3.68% (5th Highest in U.S.)
  • Minnesota Sales and Excise Tax: 3.45% (20th Highest in U.S.)

Red Wing, MN Financial Advisor FAQs

Choosing a financial advisor can be tough. Just remember that the first step is evaluating yourself and your own tolerance for risk, so you can figure out what kind of industry expert you want to work with.
Typically a good way to find a financial advisor is by talking to your co-workers or family members about who they're seeing. Next, do some research on the company where the person you know works at or from their social media page.
There is a fee charged by financial advisors for their services. This can be an upfront, an annual, or a per project charge. Some advisors also finance their clients' investments and take a second cut from the rate of return on those finances.
Your financial advisor will be able to help you create a plan for your current situation based on various factors like your profession, projected longevity, risk tolerance level, and family composition.