Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Related Content A Look at Whole Life Insurance Whole life insurance remains in force as long as you remain current with premiums. Here's how it works. Your Changing Definition of Risk in Retirement A change in your mindset during retirement may drive changes to your portfolio. Tax Deductions You Won't Believe Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.