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 Should I Pay Off Debt or Invest? This calculator will help determine whether you should invest funds or pay down debt. Saving for College This calculator can help you estimate how much you should be saving for college. Potential Income from an IRA Estimate your monthly and annual income from various IRA types.