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.
There are limits to how much money you can contribute to a Roth IRA. For 2014, you can contribute up to $5,500, or $6,500 if youâre over 50. Contribute any more than that, and the IRS will tax you on an excess IRA contribution.A 401(k), on the other hand, allows you to contribute up to $17,500.here are limits to how much money you can contribute to a Roth IRA. For 2014, you can contribute up to $5,500, or $6,500 if youâre over 50. Contribute any more than that, and the IRS will tax you on an excess IRA contribution.