A financial planner's client has an IRA with a balance of $$140,000$ as of January $1.$ On April $15$ of the same year, the client withdraws the entire amount from the IRA and places it in a non$-$IRA CD for $60$ days, earning $9\%$ interest. On the $60$th day, the client promptly and timely reinvests the principal of the CD in an IRA containing an aggressive growth fund. On September $15$ of the same year, the client becomes dissatisfied with the return and the variability of the investment. The client wants a less risky investment and wants assurance that any IRA distribution will NOT be taxed at the time of the change. Which of the following is$/$are acceptable alternatives for the client?

I. Withdraw the funds and reinvest them within $60$ days in an IRA which invests exclusively in Treasury

instruments.

II$.$ Direct the trustee of the IRA to transfer the funds to another IRA which invests exclusively in Treasury

instruments.

III. Withdraw the funds and reinvest within $60$ days in an IRA which is an index mutual fund holding

common stocks with portfolio risk equal to the S&P $500.$

A$.1$ only

B$.2$ only

$3.3$ only

d$.$ None