Here is how the SRS is computed for a retiree whose MRA is age 56 and who retires under FERS with 30 years of civilian service and an estimated age 62 Social Security benefit of $1200 a month. 1  The FERS service is divided by 40. 2  The age 62 Social Security benefit is multiplied by the fraction derived above.
The IRS allows you to combine money in a SEP IRA with money in a 401(k) plan, either by moving the SEP IRA money to the 401(k) or the 401(k) money to the SEP IRA.
This applies to both Roth and Traditional 401k plans. It also applies to the 401kâs close cousins, called the 403b and the 457. If youâre 50 or over, you can add an extra $5,500 to that maximum â for a total of $22,500 that you can stash away in a 401k.SEP-IRA â Increase from $49,000 to $50,000. In 2011, your employer was allowed to contribute a maximum of $49,000 to your SEP-IRA.In 2012, that limit is raised to $50,000.his applies to both Roth and Traditional 401k plans. It also applies to the 401kâs close cousins, called the 403b and the 457. If youâre 50 or over, you can add an extra $5,500 to that maximum â for a total of $22,500 that you can stash away in a 401k.