the bad thing about 401K's is that if you are married and get into a divorce where assets are split 50/50, you will end up losing 50% of your 401K(amount from the time of the marriage). So if the wife didnt have a 401K plan or something similiar of her own, you will take a huge hit.
Seems like the consensus here is to not put your retirement money into IRAs (unless you have to rollover a 401(k) to an IRA after changing jobs or if you inheirit an IRA to create a stretch) but rather manage your own liquid accounts and pay longer term capital gains tax instead - provided you have the discipline to not cash out.
Well, chances are good that in the next few years, we all die in a flaming nuclear holcaust brought about by some towel head terrorist with a suitcase and a bus pass (or from Anthrax or something worse), but hey at least you guys have your 401K and Roth accounts.
hahahahahaha YEAH IT'S ACTUALLY TRUE. Not trying to sound crazy, but seriously enjoy your life today, trade the money you can live on NOW, not 45 years from now....who knows what insanity is around the corner.
That's great you are starting that young check out this compounding interest calculator. You can play around with it to determine where you will be at. http://www.commoditiesvue.com http://www.moneychimp.com/calculator/compound_interest_calculator.htm