The LEARNING library

Retiring in Michigan

It’s impossible to name just one thing that makes the Mitten State magical. It starts with the Great Lakes, followed by great communities, places to adventure, and family, to name a few. And whether you’re from the area or not, your loyalty to Michigan can run as deep as Lake Superior. It seems like everyone finds their way up north.
What about you? Do you plan on retiring here? If so, it’s important to know that the tax rules aren’t the same in every state. In recent years, Michigan has become less tax friendly to people in retirement, and according to the U.S. Census Bureau, in 2016, 23% of Michigan residents were age 60 or older. So join us as we look at the tax laws, Social Security benefits, IRAs, and 401(k) rules.
We are smitten with the mitten, and this Thursday you’ll find out why it’s still worth retiring here.