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 Social Security: By the Numbers Here are five facts about Social Security that might surprise you. Social Security Benefits: How Much Will I Receive Calculating your potential Social Security benefit is a three-step process. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.