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 A Fruitful Retirement: Social Security Benefit Taking your Social Security benefits at the right time may help maximize your benefit. Social Security: The $64,000 Question One of the most common questions people ask about Social Security is when they should start taking benefits. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.