Question 2 (3 points) 2 Jack inherited his father's Section 401(k) plan account. Which of the following statements regarding Jack's options is (are) CORRECT? 1 Jack is permitted to use a direct trusteetotrustee transfer of the plan balance into an inherited IRA account. 2 If Jack creates an inherited IRA with the benefit, he can designate his own beneficiary to the account. 3 The payout of the benefit in an inherited IRA is over the lifetime of the original accountholder, Jack's father. 1) 1 and 2 C 2) 2 and 3 C 3) 1, 2 and 3 6 4) 1 only