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.
4. Employees can contribute 100% of income into a SIMPLE IRA. You are allowed to contribute up to $12,000 (2013 and 2014) per year in a SIMPLE IRA. If you're over the age of 50, you're allowed a catch-up contribution, which is 2,500 (2014).