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 Question Thank you! Oops! Related Contents Rightsizing for Retirement What does your home really cost? 5 Benefits of Working in Retirement Here are 5 reason why you may consider working through retirement. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.