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.
Examples Of How You Can Contribute To Both A 401k And An IRA. Letâs look at an example of how you can combine the power of the 401ks and IRAs to speed up your retirement savings: Example #1: Consider a 30-year-old earning $55,000 per year (25% tax bracket).