1 Massachusetts Department of Housing and Community Development - mortgage, downpayment and closing cost information for first-time homebuyers.  Massachusetts Housing Consumer Education Centers - find a center nearest you that offers homebuyer classes.
The catch-up contribution limit for anyone who turns 50 in 2015 will also increase, from $5,500 to $6,000 (for a maximum contribution of $24,000). The IRA contribution limit will remain $5,500 per person in 2015 (or $6,500 if you turn age 50 anytime during the year).
Workers can contribute up to $17,500 to a 401(k) in 2013, which jumps to $23,000 if you are age 50 or older. Thatâs over three times more than the $5,500 (or $6,500 at age 50 or older) that workers can contribute to IRAs.And yet workers have much more money invested in IRAs.orkers can contribute up to $17,500 to a 401(k) in 2013, which jumps to $23,000 if you are age 50 or older. Thatâs over three times more than the $5,500 (or $6,500 at age 50 or older) that workers can contribute to IRAs.