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.
1 Contribution limits. 2  In general, the most you can contribute to your IRA for 2014 is the smaller of either your taxable compensation for the year or $5,500. 3  If you were age 50 or older at the end of 2014, the maximum you can contribute increases to $6,500. In general, the most you can contribute to your IRA for 2014 is the smaller of either your taxable compensation for the year or $5,500. 2  If you were age 50 or older at the end of 2014, the maximum you can contribute increases to $6,500.