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 Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. The Pre-Retirement Checklist This checklist can give you a quick snapshot of how prepared you are. Your Changing Definition of Risk in Retirement A change in your mindset during retirement may drive changes to your portfolio.