Jerry, who is age 56, was just called into the President's office at Napa Sunrise, Inc. He just learned 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 distributions, and has accumulated some personal savings, but not enough to sustain him until age 65. Jerry also worked for KMA for 30 years and expects to receive a pension from KMA at age 65. He also expects to receive Social Security at age 67. Which of the following is correct? 1) Jerry cannot access his funds at Napa Sunrise prior to full retirement age for 2) Jerry could take a distribution from Napa Sunrise, but it will be subject to 3) Jerry could begin taking substantiaiy equal periodic payments, which would . 4 Jerry can take any distribution permitted by the Napa Sunrise pian and avoid the plan ordinary income and subject to an eary withdrawal penalty prior to the age of 59 V avoid the eary withdrawal penalty but he couid not stop the payments until age 59 the earv withdrawal penaity since he is separating from service at ade 56