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.
Yes, you can invest in both an IRA and a 401k (or a Roth 401k and a Roth IRA) at the same time, or any combination of those accounts.And in some cases, based on the fees in your 401k, an IRA might actually be a better place to invest your money.ou can indeed have a 401(k) and IRA at the same time. Itâs good that you listed the income limits also for contributions to a Roth. To answer âFashionsâ question above â you can contribute to a Roth at anytime, however April 15 is the last day to make contributions that may be credited for 2009.