(a)As used in this Code section, the term "retirement plan" means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation of which such principal is a participant, beneficiary, or owner, including a plan or account under the following sections of the Internal Revenue Code:
(1)An individual retirement account under Internal Revenue Code Section 408 , 26 U.S.C. Section 408 , in effect on February 1, 2018; (2)A Roth individual retirement account under Internal Revenue Code Section 408A , 26 U.S.C. Section 408A , in effect on February 1, 2018; (3)A deemed individual retirement account under Internal Revenue Code Section 408(q) , 26 U.S.C. Section 408(q) , in effect on February 1, 2018; (4)An annuity or mutual f
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(a) As used in this Code section, the term "retirement plan" means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation of which such principal is a participant, beneficiary, or owner, including a plan or account under the following sections of the Internal Revenue Code: (1) An individual retirement account under Internal Revenue Code Section 408 , 26 U.S.C. Section 408 , in effect on February 1, 2018; (2) A Roth individual retirement account under Internal Revenue Code Section 408A , 26 U.S.C. Section 408A , in effect on February 1, 2018; (3) A deemed individual retirement account under Internal Revenue Code Section 408(q) , 26 U.S.C. Section 408(q) , in effect on February 1, 2018; (4) An annuity or mutual fund custodial account under Internal Revenue Code Section 403(b) , 26 U.S.C. Section 403(b) , in effect on February 1, 2018; (5) A pension, profit-sharing, stock bonus, or other retirement plan qualified under Internal Revenue Code Section 401(a) , 26 U.S.C. Section 401(a) , in effect on February 1, 2018; (6) A plan under Internal Revenue Code Section 457(b) , 26 U.S.C. Section 457(b) , in effect on February 1, 2018; and (7) A nonqualified deferred compensation plan under Internal Revenue Code Section 409A , 26 U.S.C. Section 409A , in effect on February 1, 2018. (b) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans shall authorize the agent to: (1) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan; (2) Make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another; (3) Establish a retirement plan in the principal's name; (4) Make contributions to a retirement plan; (5) Exercise investment powers available under a retirement plan; and (6) Borrow from, sell assets to, or purchase assets from a retirement plan.