Tom is 64 years old and quits his job with $150,000 in his employers qualified retirement plan. Since he is broke, Tom instructs the plan trustee to pay him the balance in his retirement account. How much will Tom receive when he gets his check from the retirement plan?

Select one:

a. $120,000

b. $0. Tom has no authority to give the plan trustee such an instruction.

c. $150,000

d. $100,000

e. $96,000