The Trump administration recently floated the idea that Americans should be able to withdraw funds from their 401(k) retirement accounts without tax penalties to furnish down payments for home purchases.

Details — including limits and eligibility — remain unclear. And the proposal is in limbo, per recent comments from Trump that appear to distance himself from the plan. While speaking to reporters last week after the World Economic Forum in Davos, Trump said he opposes using retirement savings for home down payments and prefers that Americans leave their 401(k)s untouched.

Shannon Hicks, co-founder of Reverse Focus and editor in details ⇒

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