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Suze Orman Says You Should Be Putting 'Every Single Cent' Into A Roth Retirement Account — If Not, You Are Making A Mistake [Yahoo! Finance]
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IRAs . According to Orman, these accounts provide substantial benefits over traditional retirement savings options due to their unique tax advantages and flexibility. Suze Orman advocates for Roth retirement accounts, as highlighted in her book, "The Ultimate Retirement Guide For 50 Plus." She emphasizes the benefits of Roth accounts, “In my opinion, you should absolutely be putting every single cent into the Roth version of your retirement account.” The Roth accounts give tax benefits, where contributions grow tax-free, and withdrawals are also not taxed. This enhances the retirement fund relative to traditional taxed accounts. Read Next: Average retirement income in America has been revealed – Will you make enough each month Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Orman points out the uncertainty of future federal income tax rates. On her website, she cautions, "If you are not saving for retirement in a Roth,
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