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 Raise Your Retirement Income Retirees look for ways to convert savings and investments into regular income. One option to consider is an annuity. A Bucket Plan to Go with Your Bucket List Longer, healthier living can put greater stress on retirement assets; the bucket approach may be one answer. An Inside Look at Retirement Living A number of questions and concerns need to be addressed to help you better prepare for retirement living.