Reports before Davos suggested that President Trump would announce an initiative to spur homeownership by allowing individuals to withdraw funds from their 401(k) accounts to make a down payment on a home purchase without incurring a10% early withdrawal penalty.

Davos has come and gone, and we are now hearing reports that the President is “not a fan” of this approach. His comments seem to echo criticisms from some that we should not encourage individuals to withdraw money from their retirement accounts.

There is merit to this criticism – but also merit to the idea in the first place, since a home purchase details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com