General World News

Tapping a 401(k) for homeownership is risky business, experts say

President Donald Trump has floated proposals to make it easier for Americans to pull from their 401(k) retirement accounts to buy a home — framing the idea as a way to boost homeownership and financial stability.

But financial experts say the strategy could undermine long-term financial security, particularly as housing costs rise and retirement savings gaps widen, according to a recent report from Realtor.com.

“Financially, the American dream should not be homeownership, but should be financial independence,” Robert Johnson, CEO of Economic Index Associates and a professor at Creighton University, said in the report.

“People fall prey to details ⇒

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