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. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY 10281-1008 © 2015 OppenheimerFunds Distributor, Inc. All rights reserved. IRA Choices Understanding Traditional and Roth IRAs Presenter’s Name Presenter’s Firm Presenter’s Name Presenter’s Firm The firm indicated above is not a subsidiary of OppenheimerFunds, Inc., nor is the individual above employed by OppenheimerFunds, Inc., or any subsidiary. Products offered through OppenheimerFunds.

2. 2 Agenda Paying for Retirement Traditional IRA: Taking Advantage of Tax Deferral Roth IRA: Earnings Accumulate Tax Free Choosing Between a Traditional IRA and a Roth IRA Why OppenheimerFunds

3. 3 Where does retirement money come from? What will retirement cost? Doing more with less: The value of an early start Paying for Retirement

4. 4 If you are five or MORE years away: Paying for Retirement What will retirement cost? If you are five or LESS years away: Create a detailed budget identifying projected living costs Preretirement Incomex 80%x Years of Retirement Estimated Savings Needed $45,000x.80x 25 Years= $900,000

5. 5 Compounding: The value of an early start Eve 1, the early investor, comes out $42,524 ahead in 40 years. Eve Early investor Saves $100 a month for 10 years starting at age 25. 2535455565 Eve $96,295 by the age of 65 Paul $53,771 by the age of 65 $100,000 80,000 60,000 20,000 Paul Late investor 40,000 Saves $100 a month for 10 years starting at age 35. The Basics of Paying for Retirement 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 chart assumes a fixed average annual rate of return of 6%, with dividends and distributions reinvested. Withdrawals from tax-deferred accounts prior to age 59½ are subject to taxes and penalties. The hypothetical ending values are subject to income tax when withdrawn. Periodic investment plans do not ensure a profit or protect against losses in declining markets. This hypothetical example is not intended to show the performance of any Oppenheimer fund for any period of time or fluctuation in principal value or investment return.

6. 6 40, 50, 60 years old? The Basics of Paying for Retirement Doing more with less: the value of an early start It’s not too late!

7. 7 IRAs offer Significant potential tax advantages Flexible investment options Personal control over, and access to, your money Paying for Retirement

8. 8 Tax-deductible contributions for eligible individuals Tax-deferred growth Accessing your funds in retirement Making early withdrawals Traditional IRA: Taking Advantage of Tax Deferral

9. 9 Traditional IRA Limits Traditional IRA: Taking Advantage of Tax Deferral Tax-deductible contributions Note: Total contribution amounts apply to Traditional and Roth IRA accounts combined. YearsUnder Age 50Age 50 and Over 2015$5,500$6,500

10. 10 Tax-deductible contributions Eligibility depends on factors such as: Tax filing status Modified Adjusted Gross Income (MAGI) Coverage by an employer’s retirement plan Traditional IRA: Taking Advantage of Tax Deferral

11. 11 Traditional IRA Deductibility Schedule for 2015 Traditional IRA: Taking Advantage of Tax Deferral If your filing status and age are:And your 2015 MAGI 1 is:Then your 2015 Deductible Contribution is 2 : Single and under age 50 Up to $61,000Full $5,500 $61,000 - $71,000Partial: $5,500 - [($5,500 x (MAGI-$61,000))/$10,000] Above $71,000No deduction Single and age 50 and above Up to $61,000Full $6,500 $61,000 - $71,000Partial: $6,500 - [($6,500 x (MAGI-$61,000))/$10,000] Above $71,000No deduction Married filing jointly and under age 50 Up to $98,000Full $5,500 $98,000 - $118,000Partial: $5,500 - [($5,500 x (MAGI-$98,000))/$20,000)] Above $118,000No deduction Married filing jointly and age 50 and above Up to $98,000Full $6,500 $98,000 - $118,000Partial: $6,500 - [($6,500 x (MAGI-$98,000))/$20,000)] Above $118,000No deduction 1. Modified Adjusted Gross Income (MAGI) is determined before any IRA deductions. 2. Total contribution amounts apply to Traditional and Roth IRA annual contribution limits.

12. 12 Tax-deferred vs. Taxable Investing Hypothetical return on investment: 6% annually for 30 years without distributions Traditional IRA: Taking Advantage of Tax Deferral Tax-deferred growth This chart assumes a fixed annual rate of return of 6%, with earnings reinvested. This hypothetical example is not intended to show the performance of any Oppenheimer fund for any period of time, or fluctuation in principal value or investment return. At withdrawal, taxes must be paid on the amount withdrawn. The regular investment of money does not assure a profit or protect against losses in declining markets. Years Invested 0 2015 2045 20352025 50,000 100,000 150,000 200,000 $250,000 Contribution: $3,000/Year Tax-deferred Result: $237,175 Taxable Result (at 25% federal bracket): $183,021

13. 13 Accessing your funds in retirement You may make withdrawals after age 59½ You must take Required Minimum Distributions (RMDs) after age 70½ Traditional IRA: Taking Advantage of Tax Deferral

14. 14 Making early withdrawals Withdrawals made before age 59½ are penalty-free for First-time home purchase up to $10,000 per person College expenses Substantially Equal Periodic Payments Medical expenses over 10% 1 of MAGI Instances of death or disability Other qualified expenses 1. 7.5% if you or your spouse was born before January 2, 1949. Traditional IRA: Taking Advantage of Tax Deferral

15. 15 Higher income limits Contributions can be withdrawn at any time Penalty-free early withdrawals of earnings in certain situations Contributions allowed after age 70½ – and no RMDs Roth IRA: Earnings Accumulate Tax Free

16. 16 Roth IRA Eligibility for 2015 Roth IRA: Earnings Accumulate Tax Free 3. Modified Adjusted Gross Income (MAGI) is determined before any IRA deductions. 4. Total contribution amounts apply to Traditional and Roth IRA annual contribution limits. If your filing status and age are: And your 2015 MAGI 3 is: Then your 2015 Allowable Roth IRA Contribution is 4 : Single and under age 50 Up to $114,000Full $5,500 $114,000 - $131,000Partial: [($131,000-MAGI)/$15,000] x $5,500 Above $131,000No allowable contribution Single and age 50 and above Up to $114,000Full $6,500 $114,000 - $131,000Partial: [($131,000-MAGI)/$15,000] x $6,500 Above $131,000No allowable contribution Married filing jointly and under age 50 Up to $183,000Full $5,500 $183,000 - $193,000Partial: [($193,000-MAGI)/$10,000] x $5,500 Above $193,000No allowable contribution Married filing jointly and age 50 and above Up to $183,000Full $6,500 $183,000 - $193,000Partial: [($193,000-MAGI)/$10,000] x $6,500 Above $193,000No allowable contribution

17. 17 Contributions can be withdrawn at any time No taxes or penalties on withdrawals of contributions Withdraw earnings tax- and penalty-free if: Account has been held for five years and Owner has reached age 59½, or Upon owner’s death or disability Used for a first-time home purchase Roth IRA: Earnings Accumulate Tax Free

18. 18 Potentially penalty-free early withdrawals of earnings Withdrawals made before you reach age 59½ are penalty-free for Instances of death or disability Medical expenses in excess of 10% 5 of your adjusted gross income Health insurance premiums after receiving unemployment compensation for a certain period of time Series of substantially equal periodic payments over your expected lifespan Higher education expenses for you or your family members 5. 7.5% if you or your spouse was born before January 2, 1949. Roth IRA: Earnings Accumulate Tax Free

19. 19 Contributions allowed after age 70½ – and no RMDs No age limits No RMDs Roth IRA: Earnings Accumulate Tax Free

20. 20 Traditional IRA and Roth IRA features compared What about converting a Traditional IRA to a Roth IRA? Choosing Between a Traditional IRA and a Roth IRA

21. 21 Choosing Between a Traditional IRA and a Roth IRA Traditional IRA and Roth IRA features compared Chart assumes the applicable requirements for each respective item are satisfied. 6. Only for deductibility if participating in an employer-sponsored retirement plan. 7. Must have earned income. 8. Applies to non-deductible contributions. Traditional IRARoth IRA Tax-deductible contributionsYesNo Tax-deferred growth of earningsYesNo Tax-free growth of earningsNoYes Tax-free withdrawalsNoYes Tax benefit limited by participation in employer’s retirement planYesNo Eligibility depends on income levelsYes 6 Yes Contributions permitted after age 70½NoYes 7 Minimum withdrawals required by age 70½YesNo Contributions may be withdrawn at any time tax freeNo 8 Yes

22. 22 Questions to consider: Will your tax rate be higher when you retire than it is now? Would you rather pay taxes up front, instead of at withdrawal? Do you want to continue making contributions beyond age 70½? Are your earnings above the Traditional IRA deductibility limits? Are your earnings within the Roth IRA eligibility limits? Do you need the ability to withdraw contributions at any time? Choosing Between a Traditional IRA and a Roth IRA

23. 23 What about converting a Traditional IRA to a Roth IRA? Factors to keep in mind: Your current and projected tax brackets Your expected rate of return and investment horizon Your tax bill on the conversion Choosing Between a Traditional IRA and a Roth IRA

24. 24 Flexible beneficiary designation options IRA Resource Center (1.800.783.7783) Ease of use: oppenheimerfunds.com Access to solid investment options Low cost, $15 annual maintenance. Other account fees and fund expenses may apply Why OppenheimerFunds

25. 25 Resources available at oppenheimerfunds.com IRA Account Establishment Kit (RE0000.009) A Guide to Rollover IRAs (RB0000.026) Stretch IRA brochure (RB0000.103) Planning Your IRA Distribution guidebook and forms (RE0000.487) Put Your Tax Return to Work – Form 8888 (DS0000.024) Additional Resources

26. 26 Schedule a meeting with a financial advisor, who can help you determine whether a Traditional or Roth IRA is the right choice for you. Next Steps

27. 27 Questions? 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. 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 summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. 225 Liberty Street, New York, NY 10281-1008 © 2015 OppenheimerFunds Distributor, Inc. All rights reserved. RE0000.807.0115 May 12, 2015 Thank You!