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 A Fruitful Retirement: Social Security Benefit Taking your Social Security benefits at the right time may help maximize your benefit. Social Security: Two Benefit Strategies Eliminated Here are several important changes to Social Security that may impact how and when you can begin taking income benefits. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.