Good News! Spouses of current and former NYC Employees can now have their own NYCE IRA account.
IT’S NOT TOO LATE TO OPEN A 2013 NYCE IRA
2014 is here, but it is not too late to open up and contribute to the NYCE IRA for 2013. You have until April 15, 2014, to contribute up to $5,500 (or $6,500 if at least age 50) to the Traditional NYCE IRA or the Roth NYCE IRA. If you are married, your spouse can open a Spousal NYCE IRA as well (even if only one of you worked in 2013) and contribute the same amount to it. Contributions must be taxable compensation and may be tax deductible from your 2013 tax return (check with your tax advisor to see if you are eligible).
If you are a current or former NYC employee (with a termination date of 1985 or after), or the spouse of a current or former NYC employee, you can now open a New York City Employee IRA (NYCE IRA), and enjoy the convenience, professionalism, and performance of a program that has been designed with only you in mind. No commissions, no sales charges, no self-interest. Our only interest is your interest.