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 Message Thank you! Oops! Related Content How Women Can Prepare For Retirement Are women prepared for a 20-year retirement? Where Will Your Retirement Money Come From? Retirement income may come from a variety of sources. Here's an overview of the six main sources. Variable Universal Life Insurance Variable Universal Life is permanent insurance in which the policyholder directs how premiums are invested.