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 Contents Women and Retirement Women must be ready to spend, on average, more years in retirement than men. IRA Withdrawals that Escape the 10% Tax Penalty The list of IRA withdrawals that may be taken without incurring a 10% early penalty has grown. Investment Strategies for Retirement Investment tools and strategies that can enable you to pursue your retirement goals.