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 Power of Tax-Deferred Growth Why are 401(k) plans, annuities, and IRAs so popular? Split Annuity Strategy Here's one strategy that combines two different annuities to generate income and rebuild principal. An Inside Look at Retirement Living A number of questions and concerns need to be addressed to help you better prepare for retirement living.