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 taking money out to put a deposit down in a home. And one of the reasons I don’t like it is that their 401(k)s are doing so well. You know, 401(k)s are up 80–90 percent in some cases,” Trump said….
Trump Rejects Proposal to Let Homebuyers Use 401(k) Funds for Down Payments
