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 age 50 and older can contribute $24,000 to a 401(k) account in 2015, $6,000 more than younger workers. Older workers need to save $2,000 per month or $1,000 per bimonthly paycheck to take maximum advantage of their 401(k) account.