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 Dreaming Up an Active Retirement When you retire, how will you treat your next chapter? What's New for Social Security? There have been a number of changes to Social Security that may affect you, especially if you are nearing retirement. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.