the appearance or semblance of truth; likelihood; probability: The play lacked verisimilitude. something, as an assertion, having merely the appearance of truth.
But, the Internal Revenue Service sets limits on how much you can contribute each year to an IRA. There are different limits for single taxpayers and married couples because the government recognizes a couple will likely need twice as much money to retire on than one person. Contribution Limits The maximum anyone under the age of 50 can contribute to an IRA is $5,000 per year. The maximum limit for couples is $10,000, and it doesn't matter if that comes from one person or both. IRS rules allow married couples to each make the maximum contribution even if one of the spouses didn't work that year or earn any income.
The IRS allows an individual to withdraw up to $10,000 from a single IRA account for the purpose of a down payment on a home. If you are married, you can take double the advantage of this offer. Both you and your spouse can with $10,000 each from an IRA for a down payment, if you meet a few requirements.irst-timers can take advantage of these accounts to pull out money penalty-free when the money is used for a down payment. Most financial advisors will tell you that it is not a good idea to tap into retirement funds for a home purchase.