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? Address Thank you! Oops! Related Contents Women and Retirement Women must be ready to spend, on average, more years in retirement than men. 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. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.