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 Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. Interested in a Fuel Efficient Car? Estimate how many months it may take to recover the out-of-pocket costs when buying a more efficient vehicle. 2016 Tax Data You Should Know Like it or not, taxes are part of life. Understanding them could help your tax-saving strategy.