Which plan will offer roger the highest tax deferral in 2019

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Roger Rogers, 46, works for the local public school teaching Physics to advanced to science high school students. Roger has been with the school for 21 years, earns $65,000 per year, and has never been 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 plans.

1) Which plan will offer Roger the highest tax deferral in 2019?

2) If Roger's wife makes enough money for them to live on and they decide to save much of his income as possible, how much is the maximum that he can defer in tax-deferred retirement savings vehicles assuming the school adopts the 457 plans.

3) What type of investments is Roger permitted to make in the 403(b) plan?

4) What type of employers may adopt a 403(b) plan?

5) What type of employees benefits the most from the implementation of a 403(b) plan?

Reference no: EM132465485

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