Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Share | Related Content Raise Your Retirement Income Retirees look for ways to convert savings and investments into regular income. One option to consider is an annuity. The History of Retirement Do you know where the idea of “retirement” comes from? Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.