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 Benefits of Life Insurance Discover the benefits whole life can provide during your different life stages. Put It in a Letter A letter of instruction provides additional and more personal information regarding your estate. Systematic Withdrawals in Retirement Taking regular, periodic withdrawals during retirement can be quite problematic.