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.
IRA Contribution Limit. After age 50, you can put no more than $6,000 per year in your IRA(s). As regards contributions, the IRS sees all IRAs as one IRA. So if you have two IRAs, you can, for example, contribute $4,000 to one and $2,000 to the other.In addition, you can contribute no more than you earn. If you earn only $3,000 doing part-time work after retirement, for example, you can contribute only $3,000 that year.s regards contributions, the IRS sees all IRAs as one IRA. So if you have two IRAs, you can, for example, contribute $4,000 to one and $2,000 to the other. In addition, you can contribute no more than you earn.