I max out my 401k and my Ira, but that max is only 21500, where should my Additional retirement funds go next?

-If you qualify, perhaps some into a Health Savings Account - another tax free account that can be used to pay medical deductibles, co-payments, medical expenses your health insurance plan doesn't cover (e.g. vision).



Nearly everyone will need health care and prices keep rising. The good news with an HSA is that you don't have to wait for retirement - you can withdraw any time you have a legitimate out-of-pocket medical expense.



After that, I think it depends on where you are in life. If you have young children, perhaps a 529 plan for college. If you are at least 10 years away from retirement, I personally would put some in small-cap and mid-cap stocks through an ETF or no load mutual fund.Take a look at an indexed universal life product. The deposits are NOT tax-free but they compound tax-free and you can access the money tax free when you need it. There is no limit to the amount you can deposit. Think of the amount you deposit as a small box. As you continue to add deposits and the account compounds tax-free, it grows to a much higher amount. Then imagine all the money you take out later as a much bigger box. Do you want to pay taxes on the small box or the larger box? If you do the math, you'll find that getting access to the compounded funds later makes more sense than getting a tax break on the initial deposits.



In addition, the money is extremely safe and the account can only go up and never goes down. These products are generally tied to the value of the S&P 500 and the value goes up (to a cap) when the market goes up but stays the same when the market goes down (guaranteed floor). During the worst decade for the S&P 500 ever (2001-2010), when the 500 averaged about a 1/4% per year, holders of indexed products earned over 9%. Talk to a licensed life agent. There is more info at the site below.
That would be a good question for Suze Orman. She has a website and a show you can call in. She is great. You don't say how old you are and that can make a difference as to how long you have to go for retirement and how much you need. There are various investments out there.
In mine