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- I'm almost 40 yrs old, & I want to put a aside some extra $ for retirement. I'm a novice when it comes to investing, & could sure use some advice. For my retirement, I presently have 26K in an traditional IRA, 6K in a Roth IRA, 5K in a Universal Life Ins policy (that I'm in the process of canceling), 26K in a SEP IRA (that my employer is not longer contributing to), & 15K in a YMCA Retirement Fund. 78K total. I max out contributing to my Roth IRA. My SEP/IRA & YMCA Retirem't Funds are employer contribution only. Last year I was talked into the opening the above mentioned "Flexible Premium Universal Life Insurance w/ Indexed Feature." Much to my surprise, at the 1 yr mark of that account, I had 30% less than I contributed due to "expense charges." I'd like to put aside about $500/mth, in a relatively safe savings/investing vehicle. Any guidance would be truly appreciated, & is much needed.