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 What is Life Insurance? Part 1 What is Life Insurance? Part 1 What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. When the Unexpected Becomes Reality Disability happens to more people, more often than you may think, and it lasts longer, too.