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 Silver Sneakers 101 Medicare’s popular program, offering free gym membership and health education. 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. Mortgages in Retirement Explore the benefits and drawbacks to paying off your mortgage prior to retirement with this article.