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 Content New Retirement Contribution Limits for 2023 A look at the new, record-high retirement contribution limits from the IRS. Insurance Needs Assessment: When You're Young and Single Even if you’re young and single, you should still consider protecting yourself. Asset Allocation Consider how your assets are allocated and if that allocation is consistent with your time frame and risk tolerance.