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).
Both 401k and 403b plans have limits on how much an employee can contribute to them (i.e. maximum 401k contribution limits). For 2011, the standard elective deferral limit is $16,500 for both plans.Further, both allow âcatch-upâ contributions for employees age 50 and older.oth 401k and 403b plans have limits on how much an employee can contribute to them (i.e. maximum 401k contribution limits). For 2011, the standard elective deferral limit is $16,500 for both plans.