1. Depends on what funds are in the 401(k). There are a few magic 401(k)s in the country where you have access to "institutional" funds with extremely low fees. If the fees are low enough, it might be worthwhile to leave it in the 401(k).2. I use a different terminology than avjo. Both you and your wife can have your own IRAs, provided your total combined income is over $4000. I think it is a good idea to sheild as much assets from taxes as possible. Note that this means "don't put assets in an IRA that you're going to need before retirement".3. Since you'll be covered by a retirement plan at work, you won't be able to deduct contributions to a Traditional IRA. Perhaps a Roth IRA would be better for you; you can put in $2000 per year. Your contributions to an IRA do not affect your company's contribution to your SIMPLE.4. Have you gone through the Fool's School?http://www.fool.com/retirement.htm?REF=PRMPIN
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