Trump to Announce 401(k) Home Investment Plan at Davos (1)

President Donald Trump will next week unveil a plan for letting savers in 401(k) retirement plans use some of their money for down payments on a home purchase, according to National Economic Council Director Kevin Hassett.

“We’re going to allow people to take money out of their 401(k)s and use that for a down payment,” Hassett said on Fox Business Friday. “The president will put the final plan out in Davos next week,” he said, referring to the annual World Economic Forum in Davos, Switzerland that he plans to attend with the president.

Hassett said that the mechanics of ...