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 Choices for Your 401(k) at a Former Employer Individuals have three basic choices with the 401(k) account they accrued at a previous employer. What Is My Current Cash Flow? Assess whether you are running “in the black” or “in the red” each month. What Is My Risk Tolerance? This questionnaire will help determine your tolerance for investment risk.