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Q3: Dr. Means has taught financial planning at FAU for the last 15 years and is expected to retire next year at age 65. FAU
Q3: Dr. Means has taught financial planning at FAU for the last 15 years and is expected to retire next year at age 65. FAU sponsors a 403(b) plan and a 457(b) governmental plan. She had been contributing $10,000 every year to each of the 403(b) plan and a 457(b). Her salary is 120,000. How much can she contribute to her 403(b) plan? How much can she contribute to her 457(b) plan
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