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 Women and Retirement Women must be ready to spend, on average, more years in retirement than men. Social Security: Maximizing Benefits There are other ways to maximize Social Security benefits, in addition to waiting to claim them. An Inside Look at Retirement Living A number of questions and concerns need to be addressed to help you better prepare for retirement living.