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 Avoiding Cognitive Decline Try these activities to keep your brain sharp. Potential Income from an IRA Estimate your monthly and annual income from various IRA types. Bi-Weekly Payments This calculator estimates the savings from paying a mortgage bi-weekly instead of monthly.