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 Latte Lie and Other Myths Check out this video to begin separating fact from fiction. Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. A Living Trust Primer Living trusts are popular, but their appropriateness will depend upon your individual needs and objectives.