White House Proposes 401k Account Withdrawals for Home Down Payments

White House economic adviser kevin hassett announced on January 16, 2026, that the Trump administration plans to allow individuals to withdraw funds from 401(k) retirement accounts to use as down payments on home purchases. This proposal is part of a broader set of housing affordability measures intended to address the persistent challenges in the US UShousing market. kevin hassett noted that President donald trump will present the full details of the plan at the World Economic Forum in Davos, Switzerland CH, during the following week.