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 Required Reading: The Economic Report of the President The Economic Report of the President can help identify the forces driving — or dragging — the economy. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. The Value of Planning as Retirement Approaches Don’t wait until you’ve reached the point where you feel pressured to make major retirement decisions.