Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Share | Related Content A Fruitful Retirement: Social Security Benefit Taking your Social Security benefits at the right time may help maximize your benefit. How Women Can Prepare For Retirement Are women prepared for a 20-year retirement? Estimate Your RMD Help determine the required minimum distribution from an IRA or other qualified retirement plan.