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 Women and Retirement Women must be ready to spend, on average, more years in retirement than men. Volunteering in Retirement For many, retirement includes contributing their time and talents to an organization in need. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.