President Donald Trump threw cold water on a policy his administration was developing to allow savers in 401(k) retirement plans to use some of that money for down payments on homes — a proposal that had been a key part of his efforts to address voters’ affordability concerns.
“I like keeping their 401(k)s — I’m not a huge fan of putting down a deposit. I’m not. I’m so happy with the way 401(k)s are doing,” the president told reporters aboard Air Force One as he returned to Washington from the World Economic Forum on Thursday.