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Dr. Burke has been a professor at Best University for 40 years. Each year, he has maxed out his 403(b) plan, but he has never

Dr. Burke has been a professor at Best University for 40 years. Each year, he has maxed out his 403(b) plan, but he has never contributed to his 457(b). He will attain normal retirement age under the 457(b) plan in 2023. How much can Dr. Burke contribute to his 457(b) plan for 2023?

a. $0.

b. $22,500.

c. $30,000.

d. $45,000.

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