David Hawkins, author of Ask the Mailman: A Simple Plan of High Yield Stock Investing for Uncommon Wealth, makes the bold statement that if he had it to do all over again, he would not have a traditional individual retirement account.

That's not to say that he's against IRAs. In fact, it's quite the opposite. He's for them because IRAs encourage people to save.

However, people who already are savers — as David is — will accumulate more money outside an IRA than within one. In this episode, David explains his reasoning behind this contention.

David's book is available at askthemailman.com and on Amazon.