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 Ready for Retirement? Are you ready for retirement? Here are five words you should consider. Should You Borrow from Your 401(k)? Does it make sense to borrow from my 401(k) to pay off debt or to make a major purchase? Saving for Retirement This calculator can help you estimate how much you may need to save for retirement.