Trump to Unveil Plan Allowing Homebuyers to Use 401(k) Funds for Down Payments

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A for-sale sign is posted in front of a home in Las Vegas, Nev., on Aug. 8, 2025. Justin Sullivan/Getty ImagesWASHINGTON—President Donald Trump will unveil a plan next week that would allow Americans to withdraw funds from their 401(k) accounts to use for a home down payment.White House National Economic Council Director Kevin Hassett announced the plan during an interview with Fox Business on Jan. 16, adding that the details of the proposal are still being finalized.

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