Should You Tap Retirement Savings to Fund College? Want to be Smarter With Your Money? Join our mailing list and get news and info to support your financial goals. First Name Last Name Email Address Thank you! Oops! There are three things to consider before dipping into retirement savings to pay for college. Share | Related Content Tuning Your Social Security Benefit When should you take your Social Security benefit? Social Security: The Elephant in the Room Some people wonder if Social Security will remain financially sound enough to pay the benefits they are owed. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.