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 Question Thank you! Oops! Related Content The Power of Tax-Deferred Growth Why are 401(k) plans, annuities, and IRAs so popular? Catch-Up Contributions Workers 50+ may make contributions to their qualified retirement plans above the limits imposed on younger workers. A Look at Systematic Withdrawals This calculator may help you estimate how long funds may last given regular withdrawals.