1 Preparing for homeownership. 2  Managing your money. 3  Understanding the importance of credit. 4  Qualifying for a mortgage. 5  Shopping for a home. 6  Available down payment and closing costs programs.  Protecting your investment.
SIMPLE 401k and SIMPLE IRA Contribution Limit. SIMPLE 401k and SIMPLE IRA plans have a lower limit than 401k plans. It will also stay the same at $12,500 in 2016. If you are age 50 or over, the catch-up contribution limit will also stay the same at $3,000.
Emily Brandon, writing for US News, explains: Workers can contribute up to $5,000 to an IRA in 2012, or $6,000 if they are age 50 or older. The tax savings from making an IRA contribution in April can be enormous.If an employee who is in the 25 percent tax bracket contributes $5,000 to a traditional IRA, he will save $1,250 on his current tax bill.mily Brandon, writing for US News, explains: Workers can contribute up to $5,000 to an IRA in 2012, or $6,000 if they are age 50 or older. The tax savings from making an IRA contribution in April can be enormous.