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? Address Thank you! Oops! Related Contents Consequences Make more informed financial decisions with the W&R Wealth Management Site. I can show you how. Is a SEP-IRA Right for Your Business? For some, the idea of establishing a retirement strategy evokes worries about complicated reporting and administration. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.