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.
Contribution Limits vs. Deduction Limits. The maximum you can contribute to a traditional IRA depends on your age. For the 2016 tax year, the limit is five thousand five hundred dollars for those 49 and younger. If you turn 50 or older in 2016, then your upper limit raises to six thousand five hundred dollars.