please cite which IRC section you found this answer

After spending some time in Norway, Theodore Odinson ( 35 years old) moved to New Mexico in 2011 where he met and married, Jane ( 30 years old), an astrophysicist. Theodore worked as part of the security team for the past eleven years with Asgard Inc., which is a U.S. subsidiary of Mjolnir Holding Co. Because of the pandemic, Mjolnir Holding Co.'s revenues significantly declined worldwide and the organization was forced to reorganize its U.S. operations and layoff a number of employees. Mr. Heimdall (supervisor of the security department) informed Theodore that as much as he would like to keep Theodors in the department as an employee. Theodore is on the list for the next round of layoffs. On the bright side, Asgard Inc. will engage Theodore as an independent contractor for special engagements, so he will continue to work albeit as a self-employed individual. As part of its benefits package, Asgard provides its employees with a qualified retirement plan and Theodore has $325,000 vested in this plan. Theodore made contributions over the years to the company's retirement plan as part of Asgard's defined contribution plan. Understandably, he is worried about protecting his retirement assets and seeks to continue saving for retirement even when he is self-employed. Mr. Heimdall also informs Theodore that he can request to withdraw the funds in his qualified retirement plan in cash or to a qualified retirement plan's administrator. Theodore and Jane have hired you to determine: (1) What are the tax consequences of Asgard's distribution to Theodore from the company's retirement plan? What would you, as the taxpayer's accountant, recommend for him and what are the federal tax implications (e.g., tax benefits, requirements, restrictions) of your recommendation? [Note, consider early distributions and rollovers to individual retirement account(s) in vour answer 1