Renae just got a new job and wants to roll over her 401(k) r…

Renae just got a new job and wants to roll over her 401(k) retirement account from her previous job at a large corporation into an IRA. Which of the following is true? 1. Doing this avoids the 10% early distribution penalty 2. She cannot do this since the money is non-transferrable 3. She should get the IRA set up prior to transferring the funds from her 401(k) 4. She forfeits her contributions