I have no problem with the parents not giving the rest of the money to her for college.
The only problem I see is spending the money on a kitchen remodel if the parents are behind on retirement goals.
If the daughter is not in school and not helping paying housing costs then she needs to be kicked out. She has a job.
The boyfriend needs to be kicked out if he is not helping out too.
I agree except if the intention is to sell the house and bank the equity for their retirement. Then upgrading the kitchen pays off in a higher home value.
“parents are behind on retirement goals.”
They don’t need to worry about retirement, the GVT will be there with social security. /s
I think the parents will have a tax bill as well.
The kitchen and bathrooms tend to be major attractions to buyers. Maybe the parents are planning to sell the home and move.
Either way, the daughter left college and moved in with her boyfriend. Legally, that could be considered “a marriage” in many circumstances..Let the boyfriend pay for her tuition (see how fast he leaves the scene)
We raised out three kids in a largely original 1952 four bedroom, 1,600 sq ft ranch house. Everything was original. It had good bones, but very leaky windows, no insulation, bad roof, etc. We did a lot of upgrades along the way, but the kitchen was very worn out. One burner on the stove worked, bad Formica, bad fridge, dirty worn linoleum. It was gross. About ten years before retirement, we gutted it and rebuilt it figuring we wanted a nice kitchen after the last of the kids moved out. Fortunately we didn’t have to use a wayward child’s college fund to do it.
My point is you don’t know their situation. Would the old kitchen have worked in retirement? In our case, yes, but it reached the point where it was just gross and depressing.
“The only problem I see is spending the money on a kitchen remodel if the parents are behind on retirement goals.”
Happy wife, happy life.
Agree with the rest of your post about the daughter. At 20, she's an adult. She needs to feel the consequences of adult decisions.