The order, first reported by Politico<\/a> Wednesday, would be focused on making home ownership more accessible and affordable by also including directives aimed at banning large investors from purchasing single-family homes.<\/a><\/p>\n But it is unclear how exactly the executive order would allow people to dip into their retirement or college savings accounts, because Congress determines retirement account rules through the Internal Revenue Code. <\/a><\/p>\n Federal law mandates that withdrawing from a 401(k) retirement account before age 59\u00bd or a 529 college savings account for non-education expenses incurs a 10 percent tax penalty. There are some exceptions to the rule<\/a>, though. <\/p>\n The White House declined to confirm or deny the reported drafting, saying, \u201cUntil policy announcements are officially made by the administration, however, any reporting about potential action is pure speculation.\u201d<\/p>\n \u201cPresident Trump pledged to put an end to Joe Biden\u2019s inflation and affordability crisis, and the Administration is constantly exploring new policy actions to do just that,\u201d White House Spokesperson Kush Desai said. <\/p>\n If signed, the order appears to be aimed at fulfilling Trump\u2019s promise to make the U.S. more affordable for citizens \u2013 a policy the president has been focused on<\/a> since Democrats used affordability messaging to outperform Republicans in local elections in November. <\/p>\n Trump is expected to discuss his plans for making housing more affordable at the World Economic Forum in Davos later this month, he said on Truth Social Wednesday<\/a>. The president teased his plan to make housing more affordable in his post by taking steps to ban large institutions from purchasing single-family homes. <\/p>\n The president could direct Congress to create another exception to the withdrawal rule or ask the Treasury Secretary to consult with the Office of Tax Policy to create a new recommendation for early distributions to pay for a down payment. <\/p>\n Some members of Congress have signaled support for changes to retirement withdrawal accounts. <\/p>\n![\"Trump](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/01\/GettyImages-2252102421.jpg\")
Trump has tried to make affordability a central focus of his administration, claiming he will lower costs for all (AFP via Getty Images)<\/p>\n