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? Volunteering in Retirement For many, retirement includes contributing their time and talents to an organization in need. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.