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 Retiring the 4% Rule A portfolio created with your long-term objectives in mind is crucial as you pursue your dream retirement. Split Annuity Strategy Here's one strategy that combines two different annuities to generate income and rebuild principal. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.