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 Message Thank you! Oops! Related Content Retirement Redefined Around the country, attitudes about retirement are shifting. Healthcare Costs in Retirement Without a solid approach, health care expenses may add up quickly and potentially alter your spending. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.