Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Share | Related Content Ready for Retirement? Are you ready for retirement? Here are five words you should consider. Catch-Up Contributions Workers 50+ may make contributions to their qualified retirement plans above the limits imposed on younger workers. An Inside Look at Retirement Living A number of questions and concerns need to be addressed to help you better prepare for retirement living.