Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Red Flags for Tax Auditors Here are six flags that may make your tax return prime for an IRS audit. Tax Efficiency in Retirement What role would taxes play in your investment decisions? Choices for Your 401(k) at a Former Employer Individuals have three basic choices with the 401(k) account they accrued at a previous employer.