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.
With Roth IRAs, there are no age restrictions for contributions. Investors age 50 and older can contribute $5,500 for 2016, plus a âcatch-upâ contribution of $1,000 for a total maximum possible IRA contribution of $6,500. That doesnât mean that you have to invest the full amount; any contribution will help build savings for the future.