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).
1 Features: 2015 Individual 401k contribution limit is $53,000 ($59,000 if age 50+ due to a catch-up provision). 2  Loans are permitted in an Individual 401k. 3  Advantages: Potentially greater retirement contributions at identical income levels compared to a SEP IRA.