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 Traps to Avoid Beware of these traps that could upend your retirement. Coaches Coaches have helped you your whole life, in ways big and small. We'd like to be one of them. Taxable vs. Tax-Deferred Savings Use this calculator to compare the future value of investments with different tax consequences.