When preparing to buy your first home or you are entering back into homeownership, itâs important to plan ahead so you can manage your finances and be a successful homeowner. Take advantage of a Homebuyer Education course offered by Springboard. Itâs approved by HUD, FreddieMac, and FannieMae, and can qualify you for reduced rates with some lenders, down payment loans, and other specialty programs. Get an in-depth look at the following: Preparing for homeownership.
Retirement Topics - IRA Contribution Limits. For 2015, 2016, and 2017, your total contributions to all of your traditional and Roth IRAs cannot be more than: $5,500 ($6,500 if youâre age 50 or older), or. your taxable compensation for the year, if your compensation was less than this dollar limit.
(To learn more, see Making IRA Contributions on Behalf of Your Non-Working Spouse .). Maximum Contribution. You may contribute up to $5,500 to your IRA for 2013. If you are at least age 50 by the end of the year to which the contribution applies, you may contribute an additional $1,000. This additional amount is referred to as a catch-up contribution.