This document summarizes a retirement planning workshop for educators. It discusses challenges in retirement like higher costs of living and healthcare. It emphasizes the importance of saving in a 403(b) retirement plan to generate income in addition to pensions, Social Security, and other savings. The workshop reviews options for 403(b) assets at retirement like keeping them invested, rolling them into an IRA, or taking distributions. It provides tips for using a 403(b) to meet different financial goals in retirement.

1. Retirement Planning Workshop for Educators OppenheimerFunds Opportunities for TSA/403(b) Investors RE0000.575.0109 January 15, 2009

2. Are you ready for retirement? …How about your 403(b)? RE0000.575.0109 January 15, 2009

4. Source of data: National Center for Health Statistics, National Vital Statistics Report, 2005. A Longer Life = A Longer Retirement Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009 M 75 Yr. W 80 Yr. 2005 66.3 Yr. 1950s Life Expectancy People Spend More Years in Retirement

6. Don’t Forget Inflation! A $32,000 per year standard of living at an annual inflation rate of 3% Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009 Today $32,000 20 Years $57,800

7. X 80% of Preretirement Salary Years in Retirement Amount Needed to Maintain Same Lifestyle Retirement Formula How Much Will You Need? X 80% of $40,000) = $32,000 20 Years Example $640,000 Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009

8. Where Will Your Retirement Income Come from? $ Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009 403(b) Teacher’s Pension IRAs & Personal Savings Social Security

9. Avg. Man $13,212 Avg. Woman $9,984 Will You Be Able To Retire Comfortably? Source: Social Security Administration website Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009 ALL AMERICANS Will Face Difficulties When They Attempt to Retire $22,491 MAXIMUM Social Security Benefit in 2005

10. Information on Social Security Social Security Administration 1.800.772.1213 www.ssa.gov Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009

11. Where Will Your Retirement Income Come from? $ Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009 = 40% Social Security 403(b) Teacher’s Pension IRAs & Personal Savings = 60%

22. Compare Amount of Distribution 31% Federal Income Tax 10% Penalty Amount now available for investment $200,000 ($62,000) ($20,000) $118,000 No Rollover Cash Dist. $200,000 $ 0 $ 0 $200,000 Direct IRA Rollover Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009

31. Invest in Mutual Funds The Right Way to Invest OppenheimerFunds , Inc. Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps RE0000.575.0109 January 15, 2009

37. Thank You! Your Financial Challenges Understanding Your Financial Choices Strategies for Investing Next Steps 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 contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting our website at www.oppenheimerfunds.com or calling us at 1.800.525.7048. Read prospectuses carefully before investing. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008 ©Copyright 2009 OppenheimerFunds Distributor, Inc. All rights reserved. RE0000.575.0109 January 15, 2009 RE0000.575.0109 January 15, 2009