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 When Do You Need a Will? When do you need a will? The answer is easy: Right Now. Savings and Cash Flow Savings is a critical tool to ensure positive cash flow in your personal finances. Will Power Preparing for the eventual distribution of your assets may not sound enticing. But a will puts the power in your hands.