So they're going to find themselves retiring without a home, which is a very, very dangerous situation. Some of our largest increases, by the way, in homelessness is from seniors. So I have a bill with a Republican that is going to allow you to take out $50,000 out of your 401k without any penalty. no tax penalty whatsoever, to put it towards a down payment. And if you have a spouse, they could also do it. So it's $100,000 now. Right? (11:13–11:22)
CLAIM
Asserts the existence of a bipartisan bill allowing penalty-free 401k withdrawals for home down payments.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
