US President Donald Trump is set to announce a plan that would let Americans use their retirement savings for down payments on homes. National Economic Council Director Kevin Hassett, who hinted at the plan on Friday, offered few details about how withdrawals from US workplace retirement accounts – known as 401(k)s – would work. "Suppose that you put 10% down on a home, and then you take 10% of the equity of the home and put it in as an asset in your 401(k). Then your 401(k) will grow over time," Hassett said on Fox Business. Trump will present a "final plan" at the Davos World Economic Forum next week, he added. The White House did not immediately respond to a request for comment on the upcoming proposal, including the tax implications. Currently, employees who opt to withdraw money from retirement accounts typically incur fees and taxes.
Published: January 16, 2026 5:43 pm
Source: BBC — Read original