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 Contents Social Security: By the Numbers Here are five facts about Social Security that might surprise you. What Is an Annuity? Annuities are versatile tools that can help you save for retirement and generate income in retirement. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.