In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell, and Wells Fargo Head of Advice and Planning Michael Liersch discuss whether it is ever too early to plan for or save for retirement.

Powell also speaks with Yahoo Finance's Molly Moorhead about open enrollment season and the importance of HSAs.

What do I need to know about long-term care insurance? 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 yfpodcasts@yahooinc.com.

00:25 - Is it ever to early to plan for or save for retirement?

02:55 - Keys to retirement planning

06:20 - How to get parents and children to talk about retirement

08:00 - How to align financial decisions with retirement goals

15:00 - What is an HSA?

18:20 - How to balance HSA and 401(k) contributions

19:55 - Should I enroll in an indemnity plan or HDHP?

22:35 - Ask Bob: What do I need to know about long-term care insurance?

Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Zach Faulds.

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.

Michael Liersch is the Head of Advice and Planning for Wells Fargo, responsible for the delivery of all comprehensive planning services and growth strategies for clients of Wells Fargo Private Bank and Abbot Downing. The team also includes the business’s comprehensive family dynamics, as well as family and business history services.

Molly Moorhead is a Certified Financial Planner and veteran journalist. She oversees insurance and tax coverage and leads Yahoo Finance's personal finance news team.

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