US EditionTrump 'Not a Huge Fan' of Adviser's Plan to Open 401(k) Plans for Buying Homes
Trump opposes 401(k) withdrawals for home down payments, citing strong retirement fund performance up to 90%, while pursuing other housing affordability measures.
- On Jan. 22, 2026, President Donald Trump aboard Air Force One said he does not like allowing people to use 401 funds for house down payments, rejecting a plan floated last week by Kevin Hassett, director of the National Economic Council.
- Housing affordability, hit by high mortgage rates, prompted Trump to instruct the Federal Housing Finance Agency to buy $200 billion of bonds and restrict institutional investors to aid individual homebuyers.
- With 401s having climbed sharply, the president argued `I like keeping their 401s in great shape` and added `I'm not a huge fan of it` for individual prospective homebuyers.
- The move marked an abrupt shift after Kevin Hassett's remarks, and investors are watching policy closely as the S&P 500 and Nasdaq rose more than 20% last year.
- Analysts caution that supply shortages remain central, noting housing price change 1.7%, median home price $433,000, and pending sales drop nearly 6%, while local zoning and construction regulations could help more.
25 Articles
25 Articles
Trump 'not a huge fan' of proposal to allow 401k withdrawal for home downpayments · American Wire News
A proposal aimed at helping boost home sales found the president “not a huge fan” as he touted the upside his economic policies were having on retirement funds. (Video Credit: The White House) While holding people accountable and restoring law and order in the country remains a constant desire for President Donald Trump’s supporters, Americans have universally longed for more favorable economic conditions. As affordability has become a buzzword…
Fox Business
The New York LedgerTrump says he's 'not a huge fan' of 401(k) withdrawal plan for homebuyers' down payments
President Donald Trump on Thursday said he's "not a huge fan" of a proposal his administration is developing that would allow prospective homebuyers withdraw from their 401(k) retirement accounts for a down payment."I'm not a huge fan," Trump told reporters on Air Force One while preparing to return from his trip to the World Economic Forum in Davos, Switzerland. "Other people like it. They're talking about taking money out to put a deposit down…
Trump Rejects Proposal to Let Homebuyers Use 401(k) Funds for Down Payments
ZURICH, Switzerland—President Donald Trump said on Jan. 22 that he rejected a proposal to allow Americans to withdraw money from their 401(k) accounts for home down payments. He said that retirement funds typically outperform the housing market and prefers that individuals keep their savings in 401(k)s. “I’m not a huge fan” of the proposal, Trump told reporters aboard Air Force One while returning to Washington from Davos. “They’re talking about…
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