As an investment advisor, and human being that saves for retirement, I hope my insight may be of use to some of you. I own Goldberg Financial, LLC in Clifton Virginia and help many people with these questions and issues.
Your allocation to IRA's or 401k's or just your standard old investment account should really be determined by your Adjusted Gross Income and tax situation. Of course, a 401k match by an employer is attractive in any tax bracket but 401k plans are loaded with fees and worse off most you receive no advice on how to invest that money. In my opinion the average investor is a sitting duck waiting for the next market crash. It's terrible the way things work, its not right that people have to hope the market doesn't crash a few years before they hit retirement because then they have to keep working longer. Even worse for college funds because it can't be delayed.
The main problem is that assets are all moving together now more than ever. Stocks, Bonds, Real Estate Investment Trusts, High Yield Bonds, Gold, etc are all currently at 3 year highs. Of course this can happen when we have a lot of fed stimulus but my point is that whether you are in stocks or bonds or any above investments I believe they will all crash again at the same time when the market in fact crashes again within the next 1-2 years. Index funds, Lifecycle Funds, TSP plans, will crash again.
Asset correlation has become staggeringly high. Due to this problem I have developed a market trending and timing approach to combat this. I utilize this to keep my clients from losing any money in the market on any crash by utilizing etfs and market rotations.
Goldberg Financial, LLC
you can follow my blog here: http://financeinlife.blogspot.com/2012/09/markets-on-fed-watch.html
You could have your license revoked based on these statements