Warren Graham CFP(R) advised his client Bobby Ewing to not roll over his qualified plan assets into a traditional IRA. Which of the following is correct?

Bobby has lost some of his creditor protection by moving the funds from a qualified plan to an IRA.

Bobby can now convert the funds to a Roth IRA, where before he could not

Bobby has the same or more investment options in his IRA as compared to his qualified plan.

Bobby is entitled to the same alternative tax options in an IRA that are available in a qualified plan.