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 Retiring the 4% Rule A portfolio created with your long-term objectives in mind is crucial as you pursue your dream retirement. Take the Stage: Starting Out Start planning for their financial futures by following a few helpful guidelines. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.