Trump administration suggests using 401(k) savings for home down payments
New Housing Plan Involves 401(k) Withdrawals The Trump administration has announced a housing initiative that would permit American workers to withdraw money from their 401(k) retirement accounts without facing penalties, specifically to purchase homes. Normally, individuals are not allowed to take early withdrawals from their retirement savings without incurring IRS penalties. However, this plan aims […]
Social Security Payments: Benefits Up To $5,181 Being Distributed This Week
Upcoming Social Security Payments This week, millions of beneficiaries will receive their Social Security payments. Why It Matters Over 70 million Americans count on Social Security monthly for vital income, including retirement, disability, and survivor benefits. Given the program’s scale, the Social Security Administration (SSA) distributes payments throughout the month. Important Details Payment dates for […]
Trump’s housing proposal would permit using 401(k) funds for down payments, according to an adviser.
Trump Administration to Allow 401(k) Withdrawals for Home Purchases On January 16, the White House indicated that the Trump administration is planning to allow individuals to use some of their retirement savings for a home down payment. Economic adviser Kevin Hassett mentioned in an interview that specifics would be revealed next week. “We’re going to […]
Trump administration suggests allowing Americans to use 401k funds for home down payments
New Plan on Retirement Savings for Homebuyers On Friday, Kevin Hassett, an economic adviser at the White House, mentioned that the Trump administration is gearing up to let investors tap into part of their retirement savings for home down payments. Specifics are expected to be revealed next week. In a chat on Fox Business Network, […]
Hassett shares Trump’s housing strategy allowing Americans to use 401(k)s for down payments
Trump Administration’s New Housing Affordability Initiative Kevin Hassett, the Director of the National Economic Council, is set to appear on “Morning with Maria” to discuss President Donald Trump’s comprehensive affordability strategies. These strategies aim to lower mortgage and credit card rates, ultimately fostering economic growth. Recently, the administration has been emphasizing housing affordability, with Hassett […]
Updated Bilt 2.0 credit cards: Enhanced rewards for rent and mortgage payments
Bilt Launches New Credit Cards for Homeowners Bilt has established itself as a credit card option primarily for renters, but now, with its recent update, homeowners can also earn rewards on their mortgage payments. This transition comes with Bilt 2.0, featuring three new credit card options that include varying annual fees, rewards, and benefits. New […]
Trump proposes direct payments to consumers for healthcare. Here’s what policy experts think about the idea.
Direct Health Care Payments: The White House’s Proposal The White House has once again expressed its backing for providing direct benefits to households aimed at covering healthcare costs. This idea has been a significant focus for President Donald Trump for several months now. However, health policy experts consulted by CNBC have raised doubts about this […]
Leading Wall Street bankers criticize Trump’s plan to limit interest on credit card payments.
Bank of America CEO Critiques Trump’s Interest Rate Proposal Brian Moynihan, the CEO of Bank of America, has spoken out against President Trump’s recent suggestion to implement a 10% cap on credit card interest rates for a year. Moynihan is the first major banker on Wall Street to voice concerns that this move could restrict […]
New highest social security payments may provide some Americans with as much as $5,251 each month. Here’s who is eligible.
Many Americans on Social Security might be surprised by their paychecks this year. The recent cost-of-living adjustment has risen from 2.5% to 2.8% for 2025, enabling some beneficiaries to see their maximum monthly checks reach $5,251. This marks a significant jump from the current average Social Security check of $2,071. For those receiving the maximum […]
Trump seems to forget about the $2K tariff payments he assured Americans: ‘When did I say that?’
Trump Forgets $2,000 Checks in Interview During a recent interview, President Trump appeared to overlook the $2,000 payments he had promised most Americans, which were supposed to come from tariff revenue. He quickly corrected himself but mentioned that the payments might now be distributed later this year, after previously committing to send them before the […]