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 Social Security: By the Numbers Here are five facts about Social Security that might surprise you. When Should You Take Social Security Monthly Social Security payments differ substantially depending on when you start receiving benefits. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.