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.
Emily Brandon, writing for US News, explains: Workers can contribute up to $5,000 to an IRA in 2012, or $6,000 if they are age 50 or older. The tax savings from making an IRA contribution in April can be enormous.If an employee who is in the 25 percent tax bracket contributes $5,000 to a traditional IRA, he will save $1,250 on his current tax bill.mily Brandon, writing for US News, explains: Workers can contribute up to $5,000 to an IRA in 2012, or $6,000 if they are age 50 or older. The tax savings from making an IRA contribution in April can be enormous.