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 How Financial Professionals Are Compensated Read this overview to learn how financial advisors are compensated. College Savings with Life Insurance How can Life Insurance play a role in your college savings strategy? Pay Yourself First It sounds simple, but paying yourself first can really pay off.