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. Historical Inflation This calculator shows how inflation over the years has impacted purchasing power. When Heirs are Imperfect The money problems or bad lifestyle habits of adult children could lead to the squandering of any inheritance they receive.