Wisconsin § 244.55 - Retirement plans.
Full text of Wisconsin Wisconsin Statutes § 244.55 — Retirement plans., with citation guidance and answers to common questions.
§ 244.55. Retirement plans.
244.55(1) (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: 244.55(1)(a) (a) An individual retirement account under section 408 of the Internal Revenue Code. 244.55(1)(b) (b) A Roth individual retirement account under section 408A of the Internal Revenue Code. 244.55(1)(c) (c) A deemed individual retirement account under section 408 (q) of the Internal Revenue Code. 244.55(1)(d) (d) An annuity or mutual fund custodial account under section 403 (b) of the Internal Revenue Code. 244.55(1)(e) (e) A pension, profit-sharing, stock bonus, or other retirement plan qualified under section 401 (a) of the Internal Revenue Code. 244.55(1)(f) (f) A plan under section 457 (b) of the Internal Revenue Code. 244.55(1)(g) (g) A nonqualified deferred compensation plan under section 409A of the Internal Revenue Code. 244.55(2) (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: 244.55(2)(a) (a) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan. 244.55(2)(b) (b) Make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another. 244.55(2)(c) (c) Establish a retirement plan in the principal’s name. 244.55(2)(d) (d) Make contributions to a retirement plan. 244.55(2)(e) (e) Exercise investment powers available under a retirement plan. 244.55(2)(f) (f) Borrow from, sell assets to, or purchase assets from a retirement plan. 244.55 History History: 2009 a. 319 .
Frequently Asked Questions About Wisconsin § 244.55
What does Wisconsin Statutes § 244.55 cover?
Section 244.55 ("Retirement plans.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 244.55?
A common citation format is "Wisconsin Statutes § 244.55" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 244.55 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.