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 Content Lifetime of Earnings Estimate how much you have the potential to earn during your working years. Contributing to an IRA? Determine if you are eligible to contribute to a traditional or Roth IRA. Catch-Up Contributions Workers 50+ may make contributions to their qualified retirement plans above the limits imposed on younger workers.