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 Message Thank you! Oops! Related Content Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. What Smart Investors Know Savvy investors take the time to separate emotion from fact. Catch-Up Contributions Workers 50+ may make contributions to their qualified retirement plans above the limits imposed on younger workers.