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 The Why, What and How of Life Insurance The Why, What and How of Life Insurance Estimating the Cost of College This worksheet can help you estimate the costs of a four-year college program. Managing Your Lifestyle Using smart management to get more of what you want and free up assets to invest.