1. Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested. A tool for tax-efficient Wealth transference A tool for tax-efficient Wealth transference Stretch IRA: Your Name Your Company

2. How many of you have children in your family that you would like to eventually pass on some of your assets to? How many of you currently have an employer-sponsored retirement plan? When was the last time that you reviewed or updated your beneficiaries on your investment accounts? How many of you have children in your family that you would like to eventually pass on some of your assets to? How many of you currently have an employer-sponsored retirement plan? When was the last time that you reviewed or updated your beneficiaries on your investment accounts? By Show of Hands Page 2 AV0000.276.0810

3. A Powerful Way to Stretch Your Legacy Page 3 AV0000.276.0810 Today’s Agenda The Benefits of a Stretch IRA Stretch IRA Strategies Next Steps Today’s Agenda The Benefits of a Stretch IRA Stretch IRA Strategies Next Steps

4. The Benefits of a Stretch IRA What is a stretch IRA? Passing tax deferral on to heirs Advantages for account owners Advantages for beneficiaries What is a stretch IRA? Passing tax deferral on to heirs Advantages for account owners Advantages for beneficiaries Page 4 AV0000.276.0810

5. What Is a Stretch IRA? Traditional IRA or Roth IRA Allows beneficiaries to prolong tax-deferred/tax-free status over one or more generations following original account owner’s death May reduce tax consequences for heirs May increase the total inheritance Traditional IRA or Roth IRA Allows beneficiaries to prolong tax-deferred/tax-free status over one or more generations following original account owner’s death May reduce tax consequences for heirs May increase the total inheritance Page 5 AV0000.276.0810

6. Passing Tax Deferral on to Heirs IRS requires IRA and employer retirement plan beneficiaries to Begin withdrawing assets either immediately, or within five years of the account owner’s passing, or over a lifetime Pay income taxes if the account is a Traditional IRA Begin withdrawing assets either immediately, or within five years of the account owner’s passing, or over a lifetime Pay income taxes if the account is a Traditional IRA Page 6 AV0000.276.0810

7. Advantages for Account Owners May help you Provide a more valuable inheritance to beneficiaries Spare beneficiaries a substantial tax hit May help you Provide a more valuable inheritance to beneficiaries Spare beneficiaries a substantial tax hit Page 7 AV0000.276.0810

8. Advantages for Beneficiaries Immediate and long-term tax benefits Flexibility to manage inherited assets Immediate and long-term tax benefits Flexibility to manage inherited assets Page 8 AV0000.276.0810

9. Stretch IRA Strategies Getting started Beneficiaries are the key! Spouse and Non-spouse? There is a difference Leaving your legacy Add flexibility Charities require special handling Getting started Beneficiaries are the key! Spouse and Non-spouse? There is a difference Leaving your legacy Add flexibility Charities require special handling Page 9 AV0000.276.0810

10. Getting Started – Account Owners 1.Open an IRA 2.Name your beneficiaries 3.Fund your account 4.Stretch your distributions 1.Open an IRA 2.Name your beneficiaries 3.Fund your account 4.Stretch your distributions Page 10 AV0000.276.0810

11. Getting Started – Beneficiaries 1.Find an expert financial advisor 2.Open an IRA or inherited IRA with stretch capabilities 3.Fund the account with a rollover 4.Request stretch distributions 5.Name subsequent beneficiaries 1.Find an expert financial advisor 2.Open an IRA or inherited IRA with stretch capabilities 3.Fund the account with a rollover 4.Request stretch distributions 5.Name subsequent beneficiaries Page 11 AV0000.276.0810

12. Beneficiaries Are Key! Determine who you’d like to receive your assets Determine a tax strategy Choose a flexible IRA provider Determine who you’d like to receive your assets Determine a tax strategy Choose a flexible IRA provider Page 12 AV0000.276.0810

13. Dilemma: Bruce wasn’t wife Anne’s beneficiary because she didn’t update her beneficiary form when they wed. Source: NY Post January 31, 2005 Benefits of Beneficiary Reviews The Million-Dollar Clerical Error Benefits of Beneficiary Reviews The Million-Dollar Clerical Error Page 13 AV0000.276.0810

14. Distribution Rules for Beneficiaries Spouse beneficiary Non-spouse beneficiary Spouse beneficiary Non-spouse beneficiary Page 14 AV0000.276.0810

15. Distribution Rules for Spouse Beneficiaries Make additional contributions to the IRA (if eligible) Name his or her own beneficiaries Wait until he or she is age 70½ before starting RMDs (Traditional IRAs only) Make additional contributions to the IRA (if eligible) Name his or her own beneficiaries Wait until he or she is age 70½ before starting RMDs (Traditional IRAs only) A spouse beneficiary may roll an inherited IRA balance into his or her own IRA, making it possible to Page 15 AV0000.276.0810

16. Distribution Rules for Spouse Beneficiaries RMDs are then calculated based on: Surviving spouse’s life expectancy, or Your life expectancy if you were younger than your spouse at time of your death RMDs are then calculated based on: Surviving spouse’s life expectancy, or Your life expectancy if you were younger than your spouse at time of your death If he or she is sole primary beneficiary, your spouse may leave the account in your name as a “beneficial” stretch IRA and delay distributions until you would have reached age 70½. Page 16 AV0000.276.0810

17. David and Debbie Sandler married after signing a prenuptial agreement where each waived rights to the other’s retirement benefits David had children from a previous marriage and wanted them to receive his benefits When David died, both his children and Debbie filed a claim for his benefits Debbie won – why? David never named anyone other than his spouse as beneficiary of his retirement benefits! David and Debbie Sandler married after signing a prenuptial agreement where each waived rights to the other’s retirement benefits David had children from a previous marriage and wanted them to receive his benefits When David died, both his children and Debbie filed a claim for his benefits Debbie won – why? David never named anyone other than his spouse as beneficiary of his retirement benefits! Expertise You Need to Have Addressing Life Events: The Sandler Case Expertise You Need to Have Addressing Life Events: The Sandler Case Page 17 AV0000.276.0810

18. Distribution Rules for Non-spouse Beneficiaries Deplete the entire account by the end of the fifth calendar year after your death Start stretch distributions (RMDs) based on the beneficiary’s life expectancy no later than end of the year following your death Deplete the entire account by the end of the fifth calendar year after your death Start stretch distributions (RMDs) based on the beneficiary’s life expectancy no later than end of the year following your death For Roth IRAs, or Traditional IRAs where the original account holder died prior to age 70½ Two distribution options: For Roth IRAs, or Traditional IRAs where the original account holder died prior to age 70½ Two distribution options: Page 18 AV0000.276.0810

19. Distribution Rules for Non-spouse Beneficiaries Start taking stretch distributions by end of the year following the original account owner’s death, or Take a lump sum distribution Start taking stretch distributions by end of the year following the original account owner’s death, or Take a lump sum distribution Options for Traditional IRAs where the original account holder died on or after 70½: Distributions are calculated based on your beneficiary’s or your own life expectancy, whichever is longer. Page 19 AV0000.276.0810

20. Distribution Rules for Non-spouse Beneficiaries Multiple beneficiaries: Separate accounts and use individual ages for determining life expectancy Otherwise, use oldest beneficiary’s life expectancy Multiple beneficiaries: Separate accounts and use individual ages for determining life expectancy Otherwise, use oldest beneficiary’s life expectancy Page 20 AV0000.276.0810

21. Leaving a Legacy for Future Generations How a $100,000 IRA established produces successive income streams for three generations of beneficiaries 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets. 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets. Year 1 Year 10 Year 20 Year 30 Year 40 Year 50 FIRST GENERATION SECOND GENERATION THIRD GENERATION Amanda 1 Beginning Account Value$154,489 Total Pretax Distributions$180,656 Distribution Years21 Will 1 Beginning Account Value$202,707 Total Pretax Distributions$289,965 Distribution Years13 Maria 1 Robert 1 Beginning Account Value$100,000$133,823 Total Pretax Distributions$0$71,133 Distribution Years011 Page 21 AV0000.276.0810

22. The first generation: Robert and Maria Leaving a Legacy for Future Generations FIRST GENERATION After retiring at age 65 with $100,000 in her company- sponsored retirement plan, Maria rolls over her assets into a Traditional IRA and names her husband Robert as her beneficiary. Maria passes away at age 69, and Robert rolls the inherited assets into a Traditional IRA with stretch capabilities, naming his daughter, Amanda, 38, as his beneficiary. Robert turns 70½ and must begin taking RMDs based on his life expectancy, which is calculated according to the IRS Uniform Life Expectancy Table. Year 1 Year 10 Year 5 Year 15 Maria 1 Robert 1 Beginning Account Value$100,000$133,823 Total Pretax Distributions$0$71,133 Distribution Years011 IRA Account Value Distributions Each Year Page 22 AV0000.276.0810 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets. 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets.

23. Leaving a Legacy for Future Generations Year 15 Year 20 Year 25 Year 36 The second generation: Amanda SECOND GENERATION Robert passes away 11 years after he started taking RMDs, having received a total of $86,739 in distributions. Amanda, now 50, inherits the account, begins receiving distributions and names her son Will, 8, as her beneficiary. Amanda 1 Beginning Account Value$154,489 Total Pretax Distributions$180,656 Distribution Years21 Year 30 IRA Account Value Distributions Each Year Page 23 AV0000.276.0810 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets. 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets.

24. Leaving a Legacy for Future Generations Year 36 Year 40 Year 45 Year 50 The third generation: Will THIRD GENERATION Will inherits the IRA 21 years later, and chooses to continue taking his mother’s RMDs. Over the course of 14 years, Will receives a total of $675,852 – significantly more than the $404,789 he would have received if he had taken a lump sum distribution after his mother’s death. Will 1 Beginning Account Value$202,707 Total Pretax Distributions$289,965 Distribution Years13 IRA Account Value Distributions Each Year Page 24 AV0000.276.0810 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets. 1. The persons portrayed in this example are fictional. This material does not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted. This hypothetical example shows investors who do not need all of their retirement assets. It spans many years and multiple generations during which unforeseen events could unpredictably affect the outcome. It assumes family members are well versed in the stretch strategy and are willing and able to take only minimum required distributions. Inflation and taxes will vary, and will reduce purchasing power of the investments over time. This hypothetical example also assumes a consistent 6% rate of investment return is earned each year depicted, whereas most investors actually experience variability in the rate of investment returns. This hypothetical example is not intended to show performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment returns. Periodic investment plans, including automatic enrollment plans, do not ensure a profit or protect against losses in declining markets.

25. Disclaimers Add Flexibility May help with estate tax planning Consult an advisor May help with estate tax planning Consult an advisor Disclaimers allow beneficiaries to forfeit interest in inherited assets. Page 25 AV0000.276.0810

26. Charities as Beneficiaries Charities pay no income taxes and have no life span Consider leaving a Traditional IRA to a charity and a Roth IRA to individuals Use caution when naming individuals and charities as co-beneficiaries Charities pay no income taxes and have no life span Consider leaving a Traditional IRA to a charity and a Roth IRA to individuals Use caution when naming individuals and charities as co-beneficiaries Page 26 AV0000.276.0810

27. Why OppenheimerFunds Nearly 50 years of experience as a tested industry leader Stretch capabilities built into all IRAs Reliable support through the IRA Resource Center A wide range of IRA services Nearly 50 years of experience as a tested industry leader Stretch capabilities built into all IRAs Reliable support through the IRA Resource Center A wide range of IRA services Page 27 AV0000.276.0810

28. Next Steps Schedule a meeting with a financial advisor Use the IRA Account Application or Change of Beneficiary Form Visit oppenheimerfunds.com, or call the IRA Resource Center at 1.800.783.7783 Schedule a meeting with a financial advisor Use the IRA Account Application or Change of Beneficiary Form Visit oppenheimerfunds.com, or call the IRA Resource Center at 1.800.783.7783 Page 28 AV0000.276.0810

29. Your Turn Questions Page 29 AV0000.276.0810

30. Disclaimers Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and, if available, summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting our website at oppenheimerfunds.com or calling us at 1.800.CALL OPP (225.5677). Read prospectuses and, if available, summary prospectuses carefully before investing.. This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. Contact your attorney or other advisor regarding your specific legal, investment or tax situation. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008 © 2012 OppenheimerFunds Distributor, Inc. All rights reserved. AV0000.276.1212 December 17, 2012 Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and, if available, summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting our website at oppenheimerfunds.com or calling us at 1.800.CALL OPP (225.5677). Read prospectuses and, if available, summary prospectuses carefully before investing.. This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. Contact your attorney or other advisor regarding your specific legal, investment or tax situation. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008 © 2012 OppenheimerFunds Distributor, Inc. All rights reserved. AV0000.276.1212 December 17, 2012 Page 30 AV0000.276.0810