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 Content Rightsizing for Retirement What does your home really cost? 9 Facts About Retirement Regardless of how you approach retirement, there are some things about it that might surprise you. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.