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 Question Thank you! Oops! Related Contents RE: Retirement How does your ideal retirement differ from reality, and what can we do to better align the two? Choices for Your 401(k) at a Former Employer Individuals have three basic choices with the 401(k) account they accrued at a previous employer. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.