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Question 8 1 out of 1 points Jerry, who i age 56, was just called into the president's office at Napa Sunrise, Inc. He just leamed that his position has been eliminated in the recent reorganization. While he is devastated, he thinks he may attempt to retire and work on his golf game. Jerry has a retirement plan at Napa Sunrise, which permits lump-sum distribu accumulated some personal savings, but not enough to sustain him until age 65. Jer for KMA for 30 years and expects to receive a pension from KMA at age 65. He also receive Social Security at age 67. Which of the following s correct? Selected @ 1. Answer: Jerry can take any distribution permitted by the Napa Sunrise plan early withdrawal penalty since he is separating from service at age Answers: @ 1. Jerry can take any distribution permitted by the Napa Sunrise plan early withdrawal penalty since he is separating from service at age 2. Jerry could begin taking substantially equal periodic payments, wh the early withdrawal penalty, but he could not stop the payments u 3. None of these statements are correct. 4 Jerry could take a distribution from Napa Sunrise, but it will be sub income and subject to an early withdrawal penalty prior to the age 5. Jerry cannot access his funds at Napa Sunrise prior to full retireme plan.