Suze Orman says she'd never make this common retirement mistake

The financial expert says millions of Americans are making this retirement mistake and it could cost them big time.

Transcript

00:00Probably my most controversial really is forget a traditional IRA and just do a Roth.

00:09There's so many people that go, oh, Susie, you're just so wrong.

00:12You should absolutely take advantage of the tax write-off and we'll show you all the numbers.

00:17All I know is we are so far in debt as a government.

00:21And don't tell me that eventually tax brackets aren't going to have to go up.

00:26How else are they going to pay for this debt?

00:28Let's just get real.

00:30And it doesn't matter who's in office right now.

00:33Eventually that will change and then the laws will change.

00:36So just simply invest in the known versus the unknown.

00:40What's the known?

00:40The known is right now you have the lowest tax brackets ever.

00:44What's the unknown?

00:45What they're going to be in the future.

00:47So forget investing in a traditional IRA or 401k.