Trump Wants Homebuyers to Tap 401(k)s for Down Payments. Should They?
Bloomberg.com • • business
Key Points:
- President Donald Trump proposes a plan to allow 401(k) savers to use retirement funds for home down payments, aiming to boost home ownership.
- The initiative is part of a broader effort to improve housing affordability in the United States.
- National Economic Council Director Kevin Hassett announced the plan, which is set to be unveiled at the World Economic Forum in Davos.
- Critics warn that using retirement savings for home purchases could leave some Americans financially unprepared for retirement.
