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 Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. Perception vs. Reality There’s an alarming difference between perception and reality for current and future retirees. Diversification, Patience, and Consistency Three important factors when it comes to your financial life.