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 contribute up to $5,000 each year to a traditional or Roth IRA as of 2010. The limits for SEP or SIMPLE IRAs are higher. Once you are age 50, the limit increases to $6,000.ou can contribute up to $5,000 each year to a traditional or Roth IRA as of 2010. The limits for SEP or SIMPLE IRAs are higher. Once you are age 50, the limit increases to $6,000.