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 Don't Buy The Hype There are a lot of misconceptions about Social Security. Here’s the truth about three of them. When Should You Take Social Security Monthly Social Security payments differ substantially depending on when you start receiving benefits. A Look at Systematic Withdrawals This calculator may help you estimate how long funds may last given regular withdrawals.