Trump Tests 401(k) Flexibility for Home Purchases, Sparks Debate
TL;DR
President Donald Trump is set to unveil a plan allowing savers in 401(k) retirement plans to use some of their money for down payments on a home. While supporters see increased flexibility for would-be buyers, advisers warn of long-term retirement risks, potential benefits skewed toward wealthier savers, and questions about whether this actually helps those in greatest need. Details remain unclear as the policy is developed.
- Trump Wants Homebuyers to Tap 401(k)s for Down Payments. Should They? Bloomberg.com
- Donald Trump to unveil home buying plan involving retirement funds BBC
- How to Boost Your Savings For a Down Payment CNBC
- Trump housing plan to allow 401k money for down payments, adviser says Yahoo Finance
- Trump to Announce 401(k) Home Investment Plan at Davos Bloomberg.com
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