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.
If you receive bonuses or commissions between Jan. 1 and April 15, you may be able to contribute a portion of those amounts to your SIMPLE IRA for the prior year. The maximum amount you can contribute to a SIMPLE IRA as an employee is $11,500 for 2012 if you are age 49 and under and $14,000 if age 50 or more.For 2013, the maximum increases to $12,000 for under age 50 and $14,500 for 50 or older.nder IRS rules, the last day you can contribute funds to your SIMPLE IRA as an employee is April 15, unless that date falls on a Saturday or Sunday. When that occurs, the last date you can contribute is the Monday immediately following the 15th.