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 Rightsizing for Retirement What does your home really cost? Is it Too Late to Plan for Retirement? These financial strategies can get you on track even if it feels too late to plan for retirement. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.