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 RE: Retirement How does your ideal retirement differ from reality, and what can we do to better align the two? The Pre-Retirement Checklist This checklist can give you a quick snapshot of how prepared you are. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.