Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Related Content Intellectual Property and Your Estate Do you have intellectual property? Consider how you might include your IP into your estate strategy in this detailed article. Social Security Taxes Estimate how much of your Social Security benefit may be considered taxable. A Look at Systematic Withdrawals This calculator may help you estimate how long funds may last given regular withdrawals.