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 The Richest Man in Babylon In good times and bad, consistently saving a percentage of your income is a sound financial practice. What Can a Million Dollars Buy You? $1 million in a diversified portfolio could help finance part of your retirement. Capital Gains Tax Estimator Use this calculator to estimate your capital gains tax.