Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Financial Empowerment for Women Flex your financial superpowers. Ways to Turn Spending into Savings Sometimes it can feel overwhelming. It seems like our financial needs outstrip our ability to meet them. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.