Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Related Content When Heirs are Imperfect The money problems or bad lifestyle habits of adult children could lead to the squandering of any inheritance they receive. How Compound Interest Works Use this calculator to better see the potential impact of compound interest on an asset. Leaving Your Lasting Legacy Want to do more with your wealth? You might want to consider creating a charitable foundation.