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Tom, a university professor, is 49 as of January 1st of this year. The university has a 403(b) non matching plan to which Tom has

Tom, a university professor, is 49 as of January 1st of this year. The university has a 403(b) non matching plan to which Tom has never contributed in the 20 years he has been employed there. He wants to know the maximum amount that can be contributed by him to the 403(b) plan this year?

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