Trump Rejects Proposal to Let Homebuyers Use 401(k) Funds for Down Payments

U.S. President Donald Trump speaks to reporters aboard Air Force One while traveling from Shannon, Ireland, to Joint Base Andrews, Md., on Jan. 22, 2026. Mandel Ngan/AFP via Getty ImagesZURICH, 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.