Should I buy the iPhone 5 or wait for the iPhone 5S or 6?

I currently have the iPhone 4 and I'm dying to get a new iPhone. I've been reading and there are rumors of the iPhone 5s coming as close as June this year and the iPhone 6 for next year. Should I wait for at least the 5S to buy a new phone? What do you recommend?

Up to you. The rumors may not turn out to be true & the iPhone 5S would come out in September. So its a matter of if you rather wait 4-7 months or get one now.

See it is totally up to yoy i can't say whether how eager you are to buy a new iphone.
but as you told that there are roumers regarding a iphone 5s or iphone 6.
as they are roumers they may be just roumers and you will feel sorry of not buying iphone 5 if you wait for iphone 5s or 6.
ultimately its better buy iphone 5.
ENJOY…

Up to you rumors aren't always true might as well get a 5 right now if i were you

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