Retirement savings plans can be used to fund a home down payment. But should you?
Retirement savings plans can be used to fund a home down payment. But should you? is drawing significant interest across the industry.
Years of skyrocketing home prices have made saving up for a down payment to buy a home a major hurdle for many aspiring homebuyers. At the same time, the stock market has had only five down years between 2005 and 2025, which has helped juice retirement savings for many Americans. Most 401(k) and similar retirement savings plans allow savers looking to buy a home to withdraw or borrow a limited portion of their nest egg toward a down payment, but there can be hefty tax penalties and other short- and long-term financial impacts to consider.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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