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Trump does an about-face on plan to let workers tap 401(k) savings for house payments

A White House official recently touted a plan to let Americans tap into their 401(k) savings to buy a home, but a formal proposal didn’t materialize as expec

ted.Kevin Hassett, director of the National Economic Council, told Fox Business News on Jan. 16 that the administration planned to “allow people to take money out of their 401(k)s and use that for a down payment.” He said President Donald Trump planned to roll out a final plan

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