Hank is 80 years old. He wishes to name his younger sister Grace as the beneficiary of his retirement plan. Which of the following statements is incorrect?

Select one:

a. Hank can name Grace as a beneficiary, and the retirement assets will bypass probate and pass directly to Grace.

b. Grace can create a rollover IRA and can defer distributions until she turns 70.

c. Grace can create an inherited IRA and can take distributions based on her life expectancy.

d. Grace can take distributions over Hanks remaining life expectancy.