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 Taxable vs. Tax-Deferred Savings Use this calculator to compare the future value of investments with different tax consequences. Choices for Your 401(k) at a Former Employer Individuals have three basic choices with the 401(k) account they accrued at a previous employer. The Pre-Retirement Checklist This checklist can give you a quick snapshot of how prepared you are.