the appearance or semblance of truth; likelihood; probability: The play lacked verisimilitude. something, as an assertion, having merely the appearance of truth.
The contribution limits apply to each individual, so married couples may be able to contribute the contribution limit for both spouses. For example, in 2017, a married couple, both of whom are over age 50, may contribute a total of $13,000 ($6,500 each, if there is enough earned income to support this level of contribution). Note: You may continue to fund your IRA for 2016 through April 18, 2017.
You can only put money into an IRA account if you have earned income. That $500 you got for your bar mitzvah or from Uncle Fester won't work. There are limits to how much you can put into an IRA, too -- for 2002, the limit is $3,000 (of earned income, remember). There are two main kinds of IRAs: traditional and Roth.