Trump pitches 401(k) funds for home purchases at Davos
TL;DR Summary
President Donald Trump is set to unveil a plan at Davos to let savers use portions of their 401(k) retirement funds for down payments on homes; the mechanics are still being worked out, according to NEC Director Kevin Hassett, with current 401(k) loans/withdrawals limited and often costly. The move comes amid broader housing affordability concerns and follows a separate push for federal mortgage-support moves, as Republicans weigh potential reconciliation legislation.
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- Trump’s housing plan casts Wall Street as the villain. He’s got the wrong guy CNN
- Opinion | Trump is planning to rescue a crucial part of the American Dream The Washington Post
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