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 A Fruitful Retirement: Social Security Benefit Taking your Social Security benefits at the right time may help maximize your benefit. Split Annuity Strategy Here's one strategy that combines two different annuities to generate income and rebuild principal. Inflation & Retirement Estimate how much income may be needed at retirement to maintain your standard of living.