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Suggestion to Trump: allow tax-free 401(k)/IRA withdrawals by married couples to spend on their first house
2026 Jan 8, 1:28pm 1,218 views 69 comments
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68
Blue
2026 Jan 16, 2:32pm
floki says
This is not even click worthy, 10% of what, average median 401(k) balances I believe is below 300K.
Current 401(k) Loan Rules for Home Purchases:
Lesser of 50% or $50K.
It’s fair to assume that all politicians throw nothing burgers at public to get votes.
Crossing fingers
https://www.breitbart.com/economy/2026/01/16/trump-to-unveil-plan-allowing-401k-withdrawals-for-home-down-payments/
This is not even click worthy, 10% of what, average median 401(k) balances I believe is below 300K.
Current 401(k) Loan Rules for Home Purchases:
Lesser of 50% or $50K.
It’s fair to assume that all politicians throw nothing burgers at public to get votes.
69
floki
2026 Jan 16, 3:28pm
I'd speculate that many younger home buyers get some help with the downpayments from families, especially on a first home. Maybe just enough help to get into one. For those that do not, this proposal just might be the difference between owning a home or not. It's supposed to be a tax and penalty free withdrawl as opposed to being a loan as is available today so no post-tax repayments taken out of their wages either. Overall, I think that's a good thing for those intent on buying one after having considered all other pros and cons.
« First « Previous Comments 68 - 69 of 69 Search these comments
Why trap their money to be fully taxed on withdrawal at age 60 or so when they really need it when young to buy their first house?
Buying a house is also a kind of retirement savings.
Make it limited to direct payment on principal of a house, and make it so that selling that house would require that they put the principal in another house, or back in the 401(k)/IRA.