In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Ross Riskin, Investments & Wealth Institute Chief Learning Officer, discuss the importance of early savings for educational expenses, open communication around financial contributions, the best vehicles for education saving, and more.

Should you invest in an in-state 529 plan or out-of-state 529 plan? Find out in our special segment, Ask Bob, where Bob answers the most common retirement and investing questions from our listeners.

Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind!

Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at [email protected].

0:45 - Saving early for education costs

3:30 - Having the difficult conversation with family members contributing to educational savings

5:30 - How to select the best vehicle to use when saving for education

10:05 - The best way to balance saving for both retirement and education

12:50 - Ask Bob: Does it matter whether I invest in an in-state 529 plan or an out-of-state 529 plan?

15:22 - How to incorporate private assets into savings portfolios

18:05 - Preparing for potential changes that may come with the Trump administration

23:00 - Ask Bob: What do I need to know when contributing to a spousal IRA?

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera.

Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant.

Ross Riskin is the Founder and Managing Member of Riskin Wealth Management, LLC. He also serves as Chief Learning Officer at the Investments & Wealth Institute, Chief Creative Officer at visiWealth, and sits on the Advisory Board for the American Institute of Certified College Financial Consultants. Ross’s research and professional expertise focus on tax, wealth transfer, and education planning for high-income and high-net-worth individuals.

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