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.
You can definitely contribute to both a Roth IRA and a traditional IRA during the same tax year, but you can only contribute the maximum IRA contribution across both types of accounts. For 2016, the contribution limits are $5,500 for those under the age of 50, and $6,500 for individuals ages 50 and older.