Father Wants To Retire With Unused College Funds, Kids Claim Their Share

Parents, often the most dedicated individuals in their children’s lives, tirelessly strive to offer them a comfortable lifestyle and quality education. They diligently save money for their children’s higher education and future endeavors, hoping to ensure their success. However, some young people may start to expect their parents to support them indefinitely, not fully appreciating the sacrifices their parents make.

OP had dedicated his life to ensuring his children’s well-being, saving money in their college accounts to support their education. Both of his children successfully graduated using those funds and entered stable careers, capable of supporting themselves. Now, OP contemplated retiring and utilizing the remaining college fund for his own living expenses. Surprisingly, this decision was not well-received by his children.

Read the full story to uncover the reasons behind their objection to OP’s retirement, and feel free to share your thoughts below.

Source: Reddit

1. OP is questioning the appropriateness of using the money he had saved for his children’s education after they had completed their studies.

2. OP had opened two accounts to save money for his children’s education. Since both of his children attended low-cost colleges, there was still a respectable sum remaining in the accounts.

3. OP’s children had established themselves in their lives and did not need the remaining funds. Therefore, OP decided to withdraw that money to use after his retirement.

4. OP’s kids criticized him for withdrawing money from their education fund, despite the fact that they never contributed a penny to it, and that all of it was filled with their father’s money.

5. OP had to disclose to his kids the real reason behind his decision to retire, since there was sufficient money in the account left over after paying for their education.

Now that you’ve read the story, let’s explore what Redditors had to say. Keep reading to discover other people’s perspectives on the matter.

6. This user questioned OP about why he told his kids about the remaining funds, as they had already spent all the money required for their education.

7. Although OP’s children were content with their lives, they did not want their father to retire because the money was enough to provide for all of them.

8. Of course! OP wouldn’t have disclosed the details if he knew his kids would react that way.

9. OP would never have told his children about it if he had known that they would oppose his retirement and the use of the remaining college funds for his daily expenses.

10. OP informed her children about the remaining funds, assuming that they would understand that it belonged to him and he had the authority to determine what to do with the remainder.

11. Indeed! By using the college funds, OP helped his children make wise decisions for the future, and they were now leading happy lives. He did nothing improper if the original poster intended to use the remaining funds.

12. Absolutely! Since OP has already paid for their education and they are now established in their lives, he shouldn’t have to disclose to his children what’s left over from their college fund.

13. The user is correct! OP’s kids should stop being selfish and asking their father not to retire just so that the fund could be used for their luxury.

14. Definitely! OP must have saved more money than required for their children’s college fund, so he could use the remaining funds for his necessities.

15. Yes! OP set aside the funds expressly for their education, and since the children had finished their schooling, they were not entitled to receive any remaining funds.

16. Certainly! The money left over after parents have fulfilled their obligation to support their kids in starting their careers should be allocated towards their own fulfillment.

17. This user would assist his parents in utilizing the funds after their retirement, prioritizing their happiness over their money.

18. Indeed! OP should not inform his kids about the money since he has the full right to utilize the remaining funds.

19. It was not an inheritance, as OP worked hard and saved this money for the future of their kids. Following his retirement, OP may use the remaining funds.

20. Yes, the user is correct! The money that OP saved and used for their kids should now only be used for OP’s benefit.

The children had no right to inquire about the money because it belonged to OP. They were earning their own income and desired to use their father’s for luxury. OP had already provided enough for them at this point, so his children should support his decision to retire and encourage him to keep his savings for himself.

What do you think of OP’s choice and his kids’ response to it? Please leave a remark and check back with Defused for more stories.