How can you begin to build credit as a college student? Robert 'Bob' Powell answers this question as part of Decoding Retirement's special segment, Ask Bob.

Girls With Impact founder and CEO Jennifer Openshaw joined Robert 'Bob' Powell on Decoding Retirement to discuss the student debt crisis, the college admissions process, women in business, career advice for the next generation, and much more.

Question:

What is a good way for my child to build credit as a college student?

Answer:

A few things to consider: open a student credit card, open a secured credit card, become an authorized user. If you become an authorized user, make sure the credit issuer reports authorized users to credit bureaus. If you do become an authorized user, make sure that the credit issuer reports authorized users to the credit bureaus and sign up for Credit Karma or an agency like that.

If you've got questions about money or retirement, email us at AskBob@yahoofinance.com.

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!

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

Find more episodes of Decoding Retirement at http://goldberglawma.com/?id=videos/series/decoding-retirement.

Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.

Editor's note: This post was written by Zach Faulds.