Please answer all of these

2. Colin is 35 years old and inherits an IRA from his mother, who dies prematurely at age 60 in May 2020. Which of the following statements is correct regarding his options for the inherited IRA?

a. Colin does not have to take distributions until he turns 70 years old

b. Colin can rollover the IRA into his own IRA

c. Colin can take out the entire distribution any time within 10 years and avoid all penalties

d. Colin can take distributions over his single life expectancy

3. At what age, is someone able to access the funds in their IRA under a normal distribution retirement scenario?

a. 55

b. 70 1/2

c. 62

d. 59 1/2

4. What is the percentage of penalty an investor pays if they take a withdrawal from their IRA prior to their normal distribution retirement age, not taking into consideration any exceptions?

a. 20%

b. 50%

c. 15%

d. 10%