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 The Power of Tax-Deferred Growth Why are 401(k) plans, annuities, and IRAs so popular? Systematic Withdrawals in Retirement Taking regular, periodic withdrawals during retirement can be quite problematic. My Retirement Savings Estimate how long your retirement savings may last using various monthly cash flow rates.