Many, many thanks for the prompt and excellent reply. I have a lot to learn, (taking the retirement seminar) and utilizing the TMF link on IRA, -came up with this:
The Roth makes particular sense for people otherwise limited to making non-deductible contributions to a regular IRA. And the Roth is fully available to individuals making up to $95,000 and couples making up to $150,000. It also allows you great flexibility by allowing you, in many cases, to withdraw your principal contributions at any time tax-free, without penalty.
Will definitely look into index funds, and Roth IRA contribution. I had also read about the spousal IRA, which at the moment applys - my wife has no profit sharing, not employed (going back to school), so looked like I could have contributed to a traditional IRA for her, but after digging further, and after getting your post, looks like that would not help much.
Thanks again!
Live long and prosper!
Spock out!