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 Dreaming Up an Active Retirement When you retire, how will you treat your next chapter? What's So Great About a Rollover? Making a career move requires tough decisions, not the least of which is what to do with the funds in your retirement plan. Estimate Your RMD Help determine the required minimum distribution from an IRA or other qualified retirement plan.