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.
Alternatively, they can make a contribution of 2% of each employee's salary regardless of whether the employee makes contributions or not, up to a maximum of $5,400 in employer contributions. That final maximum is the one area where SIMPLE IRA rules will change for 2017, as the 2016 amount was $5,300.