The New York City Employee IRA


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Funding your NYCE IRA

There are two ways to put money in your NYCE IRA account: you can make contributions of earned income, and you can roll over assets. 

 

Contributions can be made in the form of a check or money order to be deposited into your NYCE IRA account.  You can also roll over assets, which are generally tax-free, as a distribution from a previous retirement plan or IRA.

 

On April 9, 2020, the IRS issued Notice 2020-23, extending deadlines for a large number of "time-sensitive acts" due to be performed on or after April 1, 2020 and before July 15, 2020.  As a result of this notice, 2019 IRA contributions must be received by the NYCE IRA Administrative Office prior to the new tax filing deadline. In order for your contribution to be attributed to tax year 2019, the NYCE IRA Administrative Office must be in receipt of your contribution by July 10, 2020.

 

Funding your Traditional NYCE IRA with regular contributions

Funding your Roth NYCE IRA with regular contributions 

Funding your Traditional NYCE IRA using a rollover 

Funding your Roth NYCE IRA using a rollover/conversion