Trump to Announce 401(k) Home Investment Plan at Davos
Bloomberg.com • • business
Key Points:
- President Donald Trump plans to unveil a proposal allowing 401(k) savers to use some of their retirement funds for home down payments.
- National Economic Council Director Kevin Hassett announced the plan during an interview on Fox Business.
- The final details of the plan are expected to be presented at the World Economic Forum in Davos, Switzerland, next week.
- The initiative aims to provide more flexibility for individuals saving for retirement to access funds for purchasing homes.
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