401(k) for a home? Trump administration’s new proposal could change how Americans buy
The Economic Times·2026-01-18 04:35

President Trump is planning a new rule that would let Americans use money from their 401(k) retirement accounts to pay for a home down payment. A White House official said Trump will reveal this plan next week. The idea was first shared publicly on Friday by Kevin Hassett, the Director of the National Economic Council. Hassett spoke about the plan during an interview on Fox Business News. He said the goal is to help people afford homes during a tough housing market. The plan is part of the Trump administra ...

401(k) for a home? Trump administration’s new proposal could change how Americans buy - Reportify