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 Taxable vs. Tax-Deferred Savings Use this calculator to compare the future value of investments with different tax consequences. Take the Stage: Starting Out Start planning for their financial futures by following a few helpful guidelines. A Fruitful Retirement: Social Security Benefit Taking your Social Security benefits at the right time may help maximize your benefit.