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 Retiring the 4% Rule A portfolio created with your long-term objectives in mind is crucial as you pursue your dream retirement. Your Changing Definition of Risk in Retirement A change in your mindset during retirement may drive changes to your portfolio. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.