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.
Contribution Limits. As of 2012, the IRS limits the amount of your contribution to a SIMPLE IRA to $11,500 a year. If you are age 50 or above, you are also allowed an additional catch-up contribution of $2,500. After you reach the minimum retirement age of 59 1/2, you may begin taking withdrawals; the IRS will levy tax on the account earnings.