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 Immediate vs. Deferred Annuities Looking forward to retirement? It's critical to understand the difference between immediate and deferred annuities. Exit Strategies of the Rich and Famous Estate conservation is too important to put off. Do you have a smart exit strategy? Estimating the Cost of College This worksheet can help you estimate the costs of a four-year college program.