Would You Prefer to Retire With a Million-Dollar House or $1M in Your 401(k)?
Important points A 401(k) provides liquidity, flexibility, and potentially higher returns, making it a favored choice among financial planners. Owning a home can eliminate monthly rent or mortgage payments, though it does come with ongoing expenses such as taxes and maintenance. Would you prefer a home worth $1 million or a 401(k) with that same […]
Is it unwise? I have $108K in my 401(k) and plan to retire by the end of this year. What should I do next?
I’m retiring at the end of this year and have about $108,000 in my 401(k) that I need to move. How can I find information on how to move this money? Is it a bad idea to hire a financial advisor for just this task? Or should I consider hiring one to look at my […]
Changes to the 401k catch-up rules for high earners starting in 2026 are explained.
The IRS is set to implement new rules that will change how Americans can make retroactive contributions to their workplace retirement accounts, starting in early 2026. This shift could really influence how people approach retirement planning and budgeting. The updates, stemming from the SECURE 2.0 Act of 2022, will particularly affect individuals aged 50 and […]
I’ve been adding to my 401(k) for 25 years, yet I’ve never received a single statement. How serious is that?
Question: “I’ve been with my company for years, and my 401(k) has been active since 2000. But here’s the issue: I’ve never received a statement. I’ve managed investments for 25 years using the same firm, yet I lack documentation for my 401(k). What do I do now that I haven’t seen any account statements?” Answer: […]
Trump is ‘not a big supporter’ of using 401(k) funds to purchase a house, and financial advisors agree.
Trump Responds to 401(k) Proposal for Homebuyers Last week, President Donald Trump expressed his disapproval of a suggestion from one of his economic advisors, which proposed allowing Americans to dip into their 401(k) savings for home down payments. This idea has also met resistance from several financial advisors. During a conversation with reporters on Air […]
Why Trump’s proposal for using 401(k) funds for mortgages probably wouldn’t reduce expenses
Housing Crisis and Regulatory Challenges The Trump administration’s recent focus on using 401(k) retirement savings to help with home buying is facing skepticism from economists. They argue this approach might overlook the real issues contributing to the housing crisis. Experts have identified two primary factors harming the housing market: restrictive zoning and regulatory policies. These […]
Donald Trump shows reluctance towards the 401(k) home down payment idea.
Trump’s Skepticism on 401(k) Withdrawal for Homebuying President Donald Trump expressed his reservations on Thursday regarding a proposal that would let future homebuyers tap into their 401(k) retirement savings for down payments. Speaking to reporters aboard Air Force One during his return from the World Economic Forum in Davos, Switzerland, he remarked, “I’m not a […]
Expert calls Trump’s housing plan that permits 401(k) withdrawals a bad idea.
Every few years, Washington proposes a “creative” solution to tackle affordability issues, which may seem beneficial initially but often leads to larger problems later on. One recent instance is connected to President Trump’s housing affordability policy that would permit people to use their 401(k) retirement savings for a home down payment. It’s clear that housing […]
Sherwin-Williams will bring back 401(k) matching contributions for employees.
Sherwin-Williams to Resume 401(k) Contributions CLEVELAND, Ohio — Sherwin-Williams has announced it will restart matching contributions to its 401(k) retirement plan beginning February 1, after having suspended these benefits last October. The paint and coatings company also plans to provide employees with a voluntary make-up contribution to compensate for the period of suspension that lasted […]
Trump rejects idea of using 401(k) funds for home down payments.
Updated January 22, 2026, 8:01 PM ET WASHINGTON – President Donald Trump has come out against a proposal supported by one of his top economic advisors that would let Americans tap into their 401(k) retirement savings for home down payments. “I’m not a big fan. Others like it too,” he told reporters during a flight […]