Peter Schiff blasts Trump’s 401k-for-down payments scheme, says Americans will drain savings to ‘overpay.’ How to profit

Still, Schiff’s concern isn’t unfounded. Fox Business anchor Maria Bartiromo pressed Hassett on the issue, asking, “Do you worry that taking money out of the 401(k) is going to hurt people on the other side — for retirement?”A recent Realtor.com report found that it takes the typical U.S. household seven years to save for the down payment on a median-priced home, noting that it’s a reflection of “elevated home values, typical down payments near historical highs and a savings rate still well below long-term ...