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 Eight Mistakes That Can Upend Your Retirement There are common mistakes you can avoid when saving for retirement. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. Budget Check Up: Tax Time Is the Right Time Tax preparation may be the perfect time to give the household budget a check-up.