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 Financial Hacks for Millennials: Student-Debt Here are seven ways to reduce that debt and live more confidently. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Breaking Down the Parts of Medicare Medicare is broken down into four specific parts—but what do they mean? This article will help you understand each piece.