Section 244.55 - Retirement plans(1) In this section, "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 the principal is a participant, beneficiary, or owner, including the following plans or accounts:(a) An individual retirement account under section 408 of the Internal Revenue Code.(b) A Roth individual retirement account under section 408A of the Internal Revenue Code.(c) A deemed individual retirement account under section 408 (q) of the Internal Revenue Code.(d) An annuity or mutual fund custodial account under section 403 (b) of the Internal Revenue Code.(e) A pension, profit-sharing, stock bonus, or other retirement plan qualified under section 401 (a) of the Internal Revenue Code.(f) A plan under section 457 (b) of the Internal Revenue Code.(g) A nonqualified deferred compensation plan under section 409A of the Internal Revenue Code.(2) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans authorizes the agent to do all of the following: (a) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan.(b) Make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another.(c) Establish a retirement plan in the principal's name.(d) Make contributions to a retirement plan.(e) Exercise investment powers available under a retirement plan.(f) Borrow from, sell assets to, or purchase assets from a retirement plan.