Roger Rogers, 46, works for the local public school teaching Physics to advanced science high school students. Roger has been with the school for 21 years, earns $65,000 per year, and has never contributed to the 403(b) retirement plan that is offered. The 403(b) plan offers dollar for dollar matching on all contributions. The school district is considering adopting a 457 plan.

What amount would Roger be able to defer from taxes in 2022 with the 403(b) plan?

Answer rating: 100% (QA)

For the year 2022 the maximum amount an individual ... View the full answer