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 Your Changing Definition of Risk in Retirement A change in your mindset during retirement may drive changes to your portfolio. Financial Hacks for Millennials: Don’t Get Burnt With FIRE Financial Independence, Retire Early (FIRE), also known as radical savings, encourages aggressive saving to retire by age 40. Stop Wasting Money One way to find money is to examine your current spending habits and eliminate money wasters.