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. When You Retire or Change Jobs Rollover IRA OppenheimerFunds Retirement Services OppenheimerFunds Retirement Services Your Name Your Company Your Name Your Company

“It is not just the accumulation of assets, but also the appropriate spending of the assets that will determine whether Americans with IRAs and other retirement savings will be able to afford to maintain a comfortable retirement.” RE September 17, 2004 Page 2 AV Source of data: EBRI Notes, December 2007, Vol. 28, No. 12.

Knowing Your Options Four options Which is best for you? Four options Which is best for you? Page 3 AV

Knowing Your Options 1.Take the Cash 2.Transfer the Money to Your New Employer’s Plan 3.Leave the Money in Your Former Employer’s Plan 4.Roll the Money into an IRA (for example, an OppenheimerFunds IRA) 1.Take the Cash 2.Transfer the Money to Your New Employer’s Plan 3.Leave the Money in Your Former Employer’s Plan 4.Roll the Money into an IRA (for example, an OppenheimerFunds IRA) Page 4 AV

1. Take the Cash Advantages You get the money right away Easy access to your retirement savings Immediate resources if you have no other source of income Advantages You get the money right away Easy access to your retirement savings Immediate resources if you have no other source of income Page 5 AV

Disadvantage To get that money, you’ll have to pay significant taxes and penalties Disadvantage To get that money, you’ll have to pay significant taxes and penalties$10,000distribution–2,800 federal tax –500 state tax –1,000 penalty tax $5,700 Could be all you see of your original $10, Take the Cash 1. Hypothetical example assumes a 28% federal tax rate, a 5% state tax rate and a 10% early withdrawal penalty tax. Your tax rates may be higher or lower. Page 6 AV

Disadvantage To get that money, you’ll have to give up years of tax-deferred potential growth Disadvantage To get that money, you’ll have to give up years of tax-deferred potential growth 1. Take the Cash Growth of $10,000 Over 25 Years 1 1. Hypothetical example assumes a 28% federal tax rate, a 5% state tax rate, a 10% early withdrawal penalty if under age 59 ½ and a 9% fixed rate of return. Example is not intended to reflect the performance of any Oppenheimer fund. Your tax rates and rate of return may be higher or lower. Page 7 AV

1. Take the Cash Disadvantage But I need some income right now Disadvantage But I need some income right now Page 8 AV

2. Transfer the Money to Your New Employer’s Plan Advantages You pay no penalties or taxes You maintain tax-deferred status of your retirement savings You might be eligible for a participant loan under your new employer’s plan You consolidate your old retirement savings with your new ones Advantages You pay no penalties or taxes You maintain tax-deferred status of your retirement savings You might be eligible for a participant loan under your new employer’s plan You consolidate your old retirement savings with your new ones Page 9 AV

2. Transfer the Money to Your New Employer’s Plan Disadvantages Not all employers provide this option You may not be eligible to join the retirement plan until you’ve completed a year of service The new plan may offer limited investment options Your ability to control and access your money may be limited Disadvantages Not all employers provide this option You may not be eligible to join the retirement plan until you’ve completed a year of service The new plan may offer limited investment options Your ability to control and access your money may be limited Page 10 AV

Advantages Requires no effort and you pay no penalties or taxes You maintain tax-deferred status of your retirement savings You may continue to be eligible for loan provisions from your previous employer’s plan Advantages Requires no effort and you pay no penalties or taxes You maintain tax-deferred status of your retirement savings You may continue to be eligible for loan provisions from your previous employer’s plan Page 11 AV Keep in mind that some employer plans won’t allow this option, but if they do: 3. Leave the Money in Your Former Employer’s Plan

Disadvantages The plan may not offer many investment choices You have limited access to, and control of, your money You’re leaving your money with a former employer Disadvantages The plan may not offer many investment choices You have limited access to, and control of, your money You’re leaving your money with a former employer Page 12 AV

3. Leave the Money in Your Former Employer’s Plan Cash-out provisions If the account value is less than $1,000, your account can be cashed out by your previous employer If the account value is between $1,000 and $5,000, the money may be automatically rolled into an IRA Check with your previous employer to see if its plan has either provision Cash-out provisions If the account value is less than $1,000, your account can be cashed out by your previous employer If the account value is between $1,000 and $5,000, the money may be automatically rolled into an IRA Check with your previous employer to see if its plan has either provision Page 13 AV

Advantages You pay no penalty or taxes while your savings continue to grow tax deferred You can choose from more than 60 time-tested funds representing most asset classes that can help you and your financial advisor build a well diversified portfolio Once you consolidate your “nest egg,” you never have to move it again. However, you may choose to move that money into a future employer’s plan Advantages You pay no penalty or taxes while your savings continue to grow tax deferred You can choose from more than 60 time-tested funds representing most asset classes that can help you and your financial advisor build a well diversified portfolio Once you consolidate your “nest egg,” you never have to move it again. However, you may choose to move that money into a future employer’s plan 4. Roll the Money into an IRA with a provider such as OppenheimerFunds Page 14 AV

4. Roll the Money into an IRA with a provider such as OppenheimerFunds Advantages Online and phone-based tools give you easy, anytime access to your account You can work with a professional financial advisor to manage your retirement investments Advantages Online and phone-based tools give you easy, anytime access to your account You can work with a professional financial advisor to manage your retirement investments Page 15 AV

4. Roll the Money into an IRA with a provider such as OppenheimerFunds Disadvantage Care must be taken to ensure the assets are transferred properly and promptly Disadvantage Care must be taken to ensure the assets are transferred properly and promptly Page 16 AV

Why a Rollover IRA?

RE September 17, 2004 Why a Rollover IRA? Rollover Definition Why a Rollover IRA? Rollover Definition roll·o·ver (rōl'ō'vər) The transfer of money from one retirement plan or account to another Page 18 AV

Common reasons people choose a rollover 1 Convenience Consolidation Control Common reasons people choose a rollover 1 Convenience Consolidation Control 1. Source of data: Matthew Drinkwater, Staying in the Game, LIMRA International, Page 19 AV Why a Rollover IRA?

Common reasons people choose a rollover 1 Convenience Consolidation Control Common reasons people choose a rollover 1 Convenience Consolidation Control 1. Source of data: Matthew Drinkwater, Staying in the Game, LIMRA International, Page 20 AV Why a Rollover IRA?

Common reasons people choose a rollover 1 Convenience Consolidation Control Common reasons people choose a rollover 1 Convenience Consolidation Control 1. Source of data: Matthew Drinkwater, Staying in the Game, LIMRA International, Page 21 AV Why a Rollover IRA?

Two types of IRA rollovers Indirect Direct Two types of IRA rollovers Indirect Direct How Rollovers Work Page 22 AV

Two types of IRA rollovers Indirect Direct Two types of IRA rollovers Indirect Direct Page 23 AV How Rollovers Work

Two types of IRA rollovers Indirect Direct Two types of IRA rollovers Indirect Direct Page 24 AV How Rollovers Work

Using the “Net Unrealized Appreciation” (NUA Rule) May help you keep more of your money Allows you to pay capital gains tax instead of ordinary income tax on appreciated stock Using the “Net Unrealized Appreciation” (NUA Rule) May help you keep more of your money Allows you to pay capital gains tax instead of ordinary income tax on appreciated stock Rolling Over Company Stock Page 25 AV

“Net Unrealized Appreciation” (NUA Strategy) Roll over all plan assets into an IRA — except the appreciated shares Transfer shares to nonretirement brokerage account Owe income taxes on purchase price of stock, not current market price If you sell shares, you pay long-term capital gains tax — currently only 15% — on “NUA” portion “Net Unrealized Appreciation” (NUA Strategy) Roll over all plan assets into an IRA — except the appreciated shares Transfer shares to nonretirement brokerage account Owe income taxes on purchase price of stock, not current market price If you sell shares, you pay long-term capital gains tax — currently only 15% — on “NUA” portion Rolling Over Company Stock Page 26 AV

Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Additional IRA Strategies Page 27 AV

Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Page 28 AV Additional IRA Strategies

Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Page 29 AV Additional IRA Strategies

Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Stretch IRA 72(t) Distributions Converting from a Traditional IRA to a Roth IRA Page 30 AV Additional IRA Strategies

Why an IRA with OppenheimerFunds IRA Resource Center Ease of use Access to solid investment options, including Oppenheimer LifeCycle Funds Oppenheimer Portfolio Series IRA Resource Center Ease of use Access to solid investment options, including Oppenheimer LifeCycle Funds Oppenheimer Portfolio Series Page 31 AV

Next Steps Schedule a meeting with me or another financial advisor Determine whether a Rollover IRA is right for you Start the rollover process if it is! Schedule a meeting with me or another financial advisor Determine whether a Rollover IRA is right for you Start the rollover process if it is! Page 32 AV

Q uestions? Your Turn Page 33 AV

These portfolios may be appropriate for a retirement plan investment, however, they are not a complete investment program. Diversification does not assure a profit or protect against loss. In managing the portfolios, the manager will have the authority to select and substitute certain underlying Oppenheimer funds, as designated in the prospectus, and may be subject to potential conflicts of interest because the fees paid to it by some underlying funds are higher than the fees paid by others. However, the manager is obligated to act in each portfolio’s best interests when selecting underlying funds. Each of the underlying funds in which the portfolios invest has its own investment risks, and those risks can affect the value of each portfolio’s shares and investments. In addition, there is no guarantee that the underlying funds will achieve their investment objectives. The underlying funds may change their investment objectives or policies without the approval of the portfolio, and a portfolio may be forced to sell its shares of the underlying funds at a disadvantageous time. Foreign investments (especially those in emerging and developing markets) may be more volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and political and economic uncertainties. Technology, growth and small-cap stocks may be especially volatile. Value investing involves the risk that the market may not recognize that securities are undervalued and they may not appreciate as anticipated. Fixed income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall, and a fund’s share price can fall. Below-investment-grade (“junk”) bonds are more at risk of default than other bond investments and may be subject to liquidity risk. Derivative instruments, investments whose values depend on the performance of an underlying security, asset, interest rate, index or currency entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. Risks associated with LifeCycle Funds and Portfolio Series Funds (Conservative Investor Fund, Moderate Investor Fund and Active Allocation Fund): Because they do not have an active trading market, shares of Real Estate Investment Trusts (REITs) may be illiquid. The lack of an active trading market may make it difficult to value or sell shares of REITs promptly at an acceptable price. In addition, owning high concentrations of energy-related natural resources may significantly influence returns. See the prospectus for additional risks of investing in a portfolio. 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. 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 CALL OPP ( ). Read prospectuses and, if available, summary prospectuses carefully before investing. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY © 2010 OppenheimerFunds Distributor, Inc. All rights reserved. AV September 8, 2010 Page 34 AV Portfolio Series and LifeCycle Funds Keep in Mind… Portfolio Series and LifeCycle Funds Keep in Mind…