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 Tax Deductions You Won't Believe Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative. My Retirement Savings Estimate how long your retirement savings may last using various monthly cash flow rates. Starting a Roth IRA for a Teen This early financial decision could prove helpful over time.