[Hugh R]

You should have an IRA anyway. Look into a Roth IRA, aftertax income into Roth, no taxes when you withdraw at retirement. A regular one they'll tax you at your retirement income rate like ordinary income. So in twenty years, if you pull out $100k/year, they tax it as if you made $100k that year. By then they'll be taking half to pay for all the social entitlement programs they've voted in between now and then, not to mention the ones we already have.