As housing options become increasingly unaffordable and trust in the stock market fades, Americans deserve a better option for our 401k investments.
I propose changing the 401k landscape to enable corporations to match employees contributions to their mortgage. This would ultimately open up new avenues for renters to buy, as well as help American’s pay off their mortgages faster potentially saving them hundreds of thousands of dollars.
Corporations could establish a housing fund that they match dollar for dollar up to a certain percent that is then automatically paid to the employees mortgage principal balance once fully vested.