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 Contents A Bucket Plan to Go with Your Bucket List A bucket plan can help you be better prepared for a comfortable retirement. 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. Saving for Retirement This calculator can help you estimate how much you may need to save for retirement.