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Benzinga
Benzinga
Business
Kaili Killpack

'Open A Roth IRA And Fund It With Just $1': Suze Orman Explains Why The 5-Year Clock Matters So Much

Suze Orman IRA
8 Money Saving Habits Suze Orman Still Follows Despite Her Millions

Financial expert Suze Orman is urging Americans not to wait when it comes to opening a Roth IRA. Even if you only have a single dollar to contribute, she says in a recent episode of her "Women & Money" podcast, getting an account started now can save you from future tax headaches. 

The reason comes down to the "five-year rule," a little-understood rule that determines when your Roth IRA money can truly be withdrawn tax-free.

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