👉 Econ 101: “Why Using Your 401(k) for a Down Payment Could Cost You Your Future”
Can you really use your 401(k) to buy a house — and would that actually make housing more affordable?
There’s growing discussion around a proposal tied to Donald Trump that would allow Americans to tap their 401(k) retirement savings for a home purchase, potentially without early withdrawal penalties. On the surface, it sounds helpful. But Econ 101 tells us the second-order effects matter.
In this show Kevin Thompson, CFP®, EA, RICP®, founder of 9i Capital Group explains how this would actually work from a tax perspective, how it compares to first-time homebuyer IRA rules, and why increasing…
The skinny
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