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.
Here's a break down of each: 1  Simple IRA: contribution limit up to $12,000 per year ($14,500 if over 50). 2  SEP IRA: contribution limit of up to 25% of your pay (after self employment tax is paid). 3  Solo 401k: you can contribute more to a solo 401k at lower levels of earnings.