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.
If you are age 50 or older in 2016, you can contribute an additional $6,000 for a total of $24,000. The 401k limits for 2017 have been released by the IRS and they remain the same at $18,000. If you are age 50 or older in 2017, you can contribute an additional $6,000 for 2017 for a total of $24,000 -- same as 2016. 401k Maximum Contribution Limits For 2016 and 2017.