The Best Cities for Living the American Dream in 2019  

PLUS: How Deferred Retirement Option Plans (DROPs) Work and SIMPLE IRA vs. SIMPLE 401(k)

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	Best Cities for Living the American Dream Our 2019 Look at Where Dreams Are Coming True


	Living the American Dream can mean different things to different people when it comes to their material situation. For some, it might mean a white picket fence. For others, it might mean a gilded penthouse high above a big city. Generally, though, most people agree that the American Dream is about living a full and fulfilling life, surrounded by a community of people doing the same. It means having economic opportunity, having the ability to save enough to own the place where you lay your head at night and living someplace where people from all walks of life can live comfortably. SmartAsset combed through data to find the cities where the American Dream is most achievable.


	How Deferred Retirement Option Plans (DROPs) Work


	SIMPLE IRA vs. SIMPLE 401(k): What's the Difference?

	Deferred retirement option plans (DROPs) are of benefit to both employees and employers. In exchange for continuing to work past your eligible retirement age, an employer will set aside annual lump sum payments into an interest-bearing account. Upon retirement, the money that has grown in this account will be paid to you, on top of the rest of your accrued earnings. If you have more questions or want some help getting your retirement plans together, consider talking with a financial advisor...

	If you work for a small business (one with 100 or fewer employees) you may not think much of your retirement savings options. In fact, a recent study from LIMRA found that only 42% of small businesses offered retirement benefits. There are, however, a few retirement savings vehicles intended just for small businesses: SIMPLE IRAs and SIMPLE 401(k)s. These were born out of the Savings Incentive Match Plan for Employees (SIMPLE) program, and they are both tax-advantaged. While the two plan choices are similar, there are a few subtle differences worth noting...


	Find the Right Financial Advisor for You: Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with pre-screened fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is legally bound to act in your best interests. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.


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