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					                                Premiere Select ®
                                RETIREMENT SOLUTIONS




Tr adi tional IR A/R o th IRA




                                INVEST IN YOUR
                                RETIREMENT TODAY
Why do need an IRA?
Why do I Ineed an IRA?                  22

 A Valuable Retirement Tool
A Valuable Retirement Tool              55

How do Roth IRAs Work?
How do Roth IRAs Work?                  66

Which Kind of IRA Should Open?
Which Kind of IRA Should I IOpen?       77

 Should Convert to Roth IRA?
Should I IConvert to aaRoth IRA?        10
                                       10

 Key Questions to Consider When
Key Questions to Consider When
 Converting to Roth IRA
Converting to aaRoth IRA                11
                                       11

 Changing Your Mind After Converting
Changing Your Mind After Converting
 to Roth IRA
to aaRoth IRA                           12
                                       12

 Converting to Roth IRA
Converting to aaRoth IRA                13
                                       13

How Will Withdraw My IRA Savings?
How Will I IWithdraw My IRA Savings?    14
                                       14
There’s never been a better time to save for your retirement.
                If you’re planning for your future, an IRA can offer you more choices than ever before. You may be eligible
                to make tax-deductible contributions to your IRA—and changes in tax laws may allow you to contribute more
                than ever. You can take advantage of greater flexibility to tap your IRA savings to finance other goals, such
                as a first-time home purchase. If you qualify, retirement assets may be distributed tax free with a Roth IRA.

                This brochure introduces two important tools for building a retirement investment program—the Premiere
                Select® Traditional IRA and the Premiere Select Roth IRA. With two flexible IRA plans to choose from, you
                may find it difficult to decide which IRA strategy is right for you. Fortunately, you can call on the experience
                and training of your investment representative to help you sort out your options.




                1
        FOR RETIREMENT INVESTORS,            TRADITIONAL IRA
        AN IRA IS HARD TO BEAT               Annual contributions that you
        An IRA offers a compelling           make to your IRA may be tax
        combination of benefits:             deductible, depending, in part,
        it’s flexible, almost anyone         on your Adjusted Gross Income
        who earns compensation can           (AGI) and your participation
        contribute, and best of all, it      in an employer-sponsored
        shelters your savings from most      retirement plan. Your earnings
        current taxes so that they have      grow tax deferred, but you
        a chance to grow over time.          pay income taxes on your



Why Do I Need an IRA?
        With taxable investments, you
        pay taxes on your earnings every     distributions, based on your
        year. Those tax payments can         income tax bracket and
        reduce the amount of money           tax rules in effect at the
        you may have to reinvest             time of distribution.
        and hamper the compounding
                                             ROTH IRA
        process. As a result, your savings
                                             You may not owe federal
        grow more slowly. With an IRA,
                                             (and, in many cases, state)
        you pay no annual federal (and,
                                             income taxes on your earnings,
        in many cases, state) income
                                             provided you meet certain
        taxes on your earnings. Whether
                                             conditions. However, your
        your earnings grow tax deferred
                                             contributions are not tax
        with a Traditional IRA or tax free
                                             deductible and your AGI must
        with a Roth IRA, your retirement
                                             be below certain limits in order
        savings can enjoy the full benefit
                                             to contribute.
        of tax-advantaged compounding.




        2
TWO TAX BREAKS IN ONE              contribution amount permitted
RETIREMENT ACCOUNT                 for an individual or 100%
A Traditional IRA offers you       of your combined income,
two different ways to retain       whichever is less.
more of what you earn. First,
your annual contributions may      WHO CAN DEDUCT
be tax deductible if you meet      CONTRIBUTIONS?

certain requirements. Second,      For some people, the greatest
you pay no taxes on your           appeal of a Traditional IRA is
investment earnings until          a tax deduction for the current
you withdraw them from             year on contributions, although
your account.                      not every taxpayer can take
                                   advantage of this feature.
WHO CAN CONTRIBUTE                 Refer to the chart on page 5.
TO A TRADITIONAL IRA?
You can contribute to a            HOW MUCH CAN YOU
Traditional IRA as long as you     CONTRIBUTE TO AN IRA?

fulfill two requirements. You      The annual amount that you
must earn compensation and         may contribute to an IRA is:
be younger than age 701⁄2. Even
                                   > 2007: $4,000
if your income is too high to
qualify for a tax deduction, you   > 2008: $5,000 (indexed
can still make nondeductible         thereafter for inflation
contributions to a Traditional       in $500 increments)
IRA and take advantage of tax-                                       If you’re like most people,
deferred compounding.                                                spending time with your
You (or your spouse) may                                             loved ones is important. By
also contribute to a Traditional                                     contributing as much as you
IRA even if you don’t earn                                           can to your IRA, you can
compensation, as long as your                                        help to ensure your future
spouse does. A Spousal IRA                                           financial security as well
lets you contribute to your own                                      as theirs.
separate IRA each tax year up
to the limits described.
As a married couple filing
jointly, your total annual
IRA contribution for one tax
year cannot exceed twice the
                                                                                                   3
                                         FOR TAXPAYERS WHO                     > If you are married, file a
                                         ARE NOT COVERED BY                      joint tax return, and are
                                         EMPLOYER-SPONSORED                      an active participant in
                                         RETIREMENT PLANS:
                                                                                 an employer-sponsored
                                         > If you are an individual filer,       retirement plan with a
                                           you may fully deduct the              spouse who is not an active
                                           maximum contributions                 participant, deductible IRA
                                           allowed each year.                    contributions for the non-
                                         > If neither you nor your spouse        active spouse are phased out
                                           participates in an employer-          if your joint AGI is between
                                           sponsored retirement plan,            $156,000 and $166,000
                                           you may both fully deduct             for 2007 and $159,000 and
                                           your annual contributions.            $169,000 for 2008. The
        CATCH-UP CONTRIBUTIONS
                                                                                 spouse who is an active
        FOR IRA OWNERS
                                         FOR TAXPAYERS                           participant must determine
        IRA owners age 50 or older
                                         WHO PARTICIPATE IN                      the deductibility of annual
        (as of December 31 of the tax
                                         EMPLOYER-SPONSORED                      contributions to a Traditional
        year to which the contribution   RETIREMENT PLANS:                       IRA, based on your joint AGI.
        relates) are eligible to
                                         > If you file your taxes as an
        contribute an annual “catch-                                           The chart on the next page
                                           individual and are an active
        up contribution” each year                                             illustrates tax years 2007 and
                                           participant in an employer-
        in addition to their annual                                            2008 income limits for single
                                           sponsored retirement plan,
        contributions. The annual                                              and married taxpayers who
                                           you may be eligible for a full
        catch-up contribution                                                  file a joint income tax return
                                           or partial deduction, based
        amount is $1,000 for 2007                                              and participate in employer-
                                           on your AGI.
        and thereafter.                                                        sponsored plans. Please
                                         > If both you and your spouse         consult a tax advisor or your
                                           are active participants in          investment professional for
                                           an employer-sponsored               more information.
                                           retirement plan, you may
                                           be eligible for a full or partial
                                           deduction, based on your
                                           joint AGI.



Why Do I Need an IRA?
                                         ARE YOU A PLAN PARTICIPANT?
                                         If you are uncertain whether or not you’re a retirement plan
                                         participant, look at the pension plan box on your W-2 Form
                                         to see if it is checked.




        4
                                    INCOME LIMITS FOR TRADITIONAL IRA CONTRIBUTIONS

                                      Tax years 2007 and 2008 income limits for taxpayers who participate
                                      in employer-sponsored plans

                                    FILING STATUS                                     ADJUSTED GROSS INCOME (AGI)

                                    Single            2008     $53,000 or less:           $53,001-$62,999:       $63,000 and over:
                                                               Fully deductible           Partially deductible   Nondeductible

                                                      2007     $52,000 or less:           $52,001–$61,999:       $62,000 and over:
                                                               Fully deductible           Partially deductible   Nondeductible

                                    Joint             2008     $85,000 or less:           $85,001-$104,999:      $105,000 and over:
                                                               Fully deductible           Partially deductible   Nondeductible

                                                      2007     $83,000 or less:           $83,001–$102,999:      $103,000 and over:
                                                               Fully deductible           Partially deductible   Nondeductible




A Valuable Retirement Planning Tool
DISTRIBUTIONS                      A Traditional IRA requires           your circumstances before you
The primary purpose of an          you to begin taking distributions    begin taking distributions or
IRA is to accumulate funds         at age 70½. The rules for            for advice on how to structure
for retirement. For that reason,   computing annual required            your beneficiary designations to
there are generally serious        minimum distributions can be         take advantage of the prolonged
consequences to withdrawing        quite complex, and mistakes can      payout features that are available
assets before you reach age        prove costly. If you don’t have      to IRA owners.
59½. In addition to taxes, you     an immediate need for your
may have to pay a 10% penalty      IRA money, you may even leave
on the taxable portion of your     it to your loved ones after you
distribution. There are some       die; they generally may receive
exceptions to this rule, which     distributions over the period
allow distributions under          of time that is considered their
certain circumstances for higher   life expectancy. Your choice of
education expenses, a first-       a beneficiary must be made
time home purchase, or other       carefully if you wish to take
specified purposes, without        advantage of this option. It’s
paying a penalty. For more
details, refer to page 14.
                                   generally a good idea to speak
                                   with a tax professional about                                                                      5
                                                                           The type of IRA you qualify
                                                                           for depends on your age
                                                                           and your income level.
                                                                           But, you must also consider
                                                                           your personal circumstances
                                                                           before deciding which
                                                                           IRA strategy may work best
                                                                           for you. Your investment
                                                                           representative can help
                                                                           guide you in selecting the
                                                                           type of IRA that may help
                                                                           you to reach your long-term
                                                                           financial goals.


 ANNUAL CONTRIBUTIONS TO A ROTH IRA

FILING                                 YOUR ADJUSTED GROSS          YOUR MAXIMUM ANNUAL
STATUS                                 INCOME                       CONTRIBUTION FOR 2007 AND 2008

Single                          2008   $101,000 or less             $5,000
                                       $101,001–$115,999            $200–$4,999
                                       $116,000 and over            You cannot contribute to a Roth IRA

                                2007   $99,000 or less              $4,000
                                       $99,001–$113,999             $200–$3,999
                                       $114,000 and over            You cannot contribute to a Roth IRA

Married, fiing                   2008   $159,000 or less             $5,000
joint return                           $159,001–$168,999            $200–$4,999
                                       $169,000 and over            You cannot contribute to a Roth IRA

                                2007   $156,000 or less             $4,000
                                       $156,001–$165,999            $200–$3,999
                                       $166,000 and over            You cannot contribute to a Roth IRA

Married, filing separately and   2008   Zero (-0-)                   $5,000
you lived with your spouse at          $1–$9,999                    $200–$4,999
any time during the year               $10,000 or more              You cannot contribute to a Roth IRA

                                2007   Zero (-0-)                   $4,000
                                       $1–$9,999                    $200–$3,999
                                       $10,000 or more              You cannot contribute to a Roth IRA




                                   How Do Roth IRAs Work?
                                   TAX-FREE EARNINGS FOR LIFE            WHO CAN CONTRIBUTE
                                   A Roth IRA is different than          TO A ROTH IRA?

                                   a Traditional IRA. Unlike a           You must earn compensation
                                   Traditional IRA, contributions        to contribute to a Roth IRA.
                                   to a Roth IRA are not tax             But unlike a Traditional IRA,
                                   deductible. However, as long          you may contribute to a Roth
                                   as you comply with certain            IRA even after you reach age
                                   conditions, earnings from a           70½. You must, however, meet
                                   Roth IRA are not simply tax           the income limits listed above
                                   deferred—they may be tax free.        in order to make annual
                                   You can keep everything you           contributions to a Roth IRA.
                                   earn for your retirement.



                                       6
                                DISTRIBUTIONS                      CHOOSING AN IRA FOR YOUR            I Which IRA is best if I
                                                                                                       3
                                Unlike a Traditional IRA, a        CONTRIBUTION THIS YEAR                 expect to pay a lower
                                Roth IRA does not call for         Let’s assume you have decided          tax rate in retirement?
                                required minimum distributions     to open an IRA this year. Now       A Traditional IRA may make
                                at age 70½. You can leave your     the question is, which kind—        more sense. However, if you
                                assets in your account             Roth or Traditional? Before         expect your tax rate will be the



        Which Kind of IRA Should I Open?
                                and continue enjoying              choosing, here are some factors     same or higher in retirement,
                                the advantages of tax-free         to consider:                        you may gain no benefit from
                                compounding throughout                                                 deferring taxes. Consider a
                                your lifetime. Qualified           I How much will I earn this year?
                                                                   1                                   Roth IRA.
                                distributions from a Roth IRA      If you earn more than $114,000
                                are free from federal (and, in     in 2007or $116,000 in 2008          I Does my retirement date
                                                                                                       4
                                many cases, state) income taxes,   in AGI as a single tax filer, or      make a difference?
                                although early withdrawals         more than $166,000 in 2007          A Roth IRA may be a compelling
                                may be subject to both taxes       or $169,000 in 2008 as a            choice for a young investor. If
                                and a 10% penalty. You’ll find     married couple filing jointly,      retirement is still a long way
                                more information about IRA         you cannot contribute to a          off, you have many years to earn
                                distribution rules on page 14      Roth IRA. Instead, consider a       a return on your investment.
                                of this brochure.                  Traditional IRA. You can still      Tax-free compounding could
                                                                   enjoy the significant advantage     make a dramatic difference in
                                                                   of tax-deferred earnings.           your retirement savings.

                                                                   I Can I deduct contributions
                                                                   2                                   I Must I comply with
                                                                                                       5
                                                                      to a Traditional IRA?              minimum distribution rules?
                                                                   If you can reduce your current      Traditional IRAs have minimum
                                                                   tax liability, a Traditional IRA    distribution requirements, which
                                                                   may be more attractive. Your        kick in at age 70½. However,
                                                                   investment representative           with a Roth IRA, you can leave
                                                                   or tax advisor can help you         some or all of your Roth IRA
                                                                   calculate the relative advantages   savings to grow and compound
                                                                   of each strategy.                   tax free for as long as you live.



                                                                                                                                           7
An IRA can give you the
financial freedom to enjoy
the kind of life you want to
live. Contact your investment
representative to learn more
about which type of IRA may
work best for you.
         I What if I am concerned
         6                                  I Can I contribute to a
                                            7
           about building an estate            Roth IRA?
           for my heirs?                    You can contribute to both
         If so, consider a Roth IRA.        a Traditional IRA and a
         Roth IRAs have emerged as          Roth IRA in the same tax year.
         powerful estate planning tools,    However, the combined yearly
         both because they require no       contribution to all of your IRAs
         minimum distributions during       (Traditional and Roth) cannot        ADJUSTED GROSS INCOME:
         your lifetime and because all      exceed the total that you are
                                                                                 Your annual income, as
         qualified distributions are free   allowed to contribute to either
                                                                                 reported on line 37 of your
         from federal (and, in many         a Traditional or Roth IRA,
                                                                                 2007 IRS Form 1040 (subject
         cases, state) income taxes. With   or your total compensation,
                                                                                 to change in future years),
         proper planning, a Roth IRA        whichever is less.
                                                                                 is your total income minus
         can help you significantly save
                                                                                 a specific list of deductions,
         on taxes. Because distributions    I Changing your mind
                                            8
                                                                                 such as student loan interest
         from a Roth IRA are generally      What if I change my mind
                                                                                 payments, moving expenses,
         free from federal (and, in some    after I contribute to an IRA?
                                                                                 and so on.
         cases, state) income taxes, upon   You can recharacterize an
         the death of the account owner,    annual Roth IRA contribution to



Which Kind of IRA Should I Open?
         Roth IRA assets may only be        a Traditional IRA—or the other
         subject to estate taxes. Very      way around—as long as the
         often, Traditional IRAs can be     recharacterization is made on
         hit with both federal (and, in     or before your federal tax-filing
         some cases, state) income and      deadline (including extensions)
         estate taxes upon the death        for the year for which the
         of the account owner. In fact,     contribution was made to the
         under certain circumstances,       “initial” IRA, typically April 15.
         your Roth IRA savings can grow
         tax free over both your lifetime
         and your heirs.’ Imagine the
         effect of compounding over
         such a long period of time.
         If this option appeals to you,
         remember that estate planning
         can be a complex task. You
         should consult with your
         tax advisor or investment
         representative for help.




         8
                                               The type of IRA you select
                                               can have long-term financial
                                               implications for you and your
                                               loved ones. Your tax advisor
                                               or investment representative
                                               can help you decide which IRA
                                               may best suit your needs—
                                               and provide you with greater
                                               long-term financial security.




Which Kind of IRA Should I Open?
        CHOOSING AN IRA FOR YOUR CONTRIBUTION


                                   Are you eligible to establish a tax-free Roth IRA?


                            Yes                                                            No
                Are you eligible to deduct                              Contribute to a Traditional IRA
                contributions to a Traditional IRA?                     where you’ll enjoy tax-deferred earnings




                           Yes                                                             No
                Tax Deduction       (refer to chart on page 5           Contribute to a Roth IRA that generally
                Tax-Free Growth     for deductibility)                  provides the highest after-tax growth for
                                                                        retirement




                      Tax Free                                                    Tax Deduction
                                                                                                                    9
                Contribute to a Roth IRA and                            Tax-deductible Traditional IRA
                enjoy tax-free earnings                                 for immediate tax savings
Should I Convert to a Roth IRA?
PAY NOW OR PAY LATER                 Converting to a Roth IRA offers
We’ve discussed your options         you all the familiar advantages.
for making annual IRA                As long as you meet certain
contributions. What about the        conditions, you pay no taxes
IRAs that you already own?           on your earnings when you
Can you gain the advantages          withdraw your savings. Those
of a Roth IRA for assets you         tax advantages can substantially
have already accumulated in          boost your retirement nest
another type of IRA?                 egg over the long run.

The answer is yes. As long as        However, there is one serious
your Adjusted Gross Income           requirement to consider before
(individual or joint) is less than   converting. When converting
$100,000 for the applicable          IRA assets, you must pay taxes     SIMPLE IRA

tax year, you can convert a          on your investment earnings        SIMPLE IRA assets that are
Traditional IRA, Rollover IRA,       to date. You must also pay taxes   converted to a Roth IRA
SEP-IRA, or SIMPLE IRA to a          on any deductible contributions    prior to the expiration of the
Roth IRA during that year. You       you have made. The conversion      two-year period (beginning
may convert all of your IRA          decision may come down to          on the date you first receive
assets or only a portion.            this—do you want to pay your       contributions under the
                                     tax liability now, when you        SIMPLE IRA Plan maintained
                                     convert, or pay later,             by your employer) may be
                                     when you withdraw?                 subject to a 25% penalty.




                                                                        CONVERSION
                                                                        Converting an existing IRA
                                                                        to a Roth IRA: You may
                                                                        gain future tax advantages
                                                                        but incur current tax liability.
                                                                        You must meet certain
                                                                        conditions to qualify.

                                                                        Consult your investment
                                                                        representative for details.




                                     10
         Before converting an IRA, you      I Will I have to tap my IRA
                                            4                                  I Am I concerned about
                                                                               6
         may want to discuss your own         savings to pay the taxes on         building an estate for
         specific situation with your         the conversion amount?              my heirs?
         tax advisor or your investment     You should avoid using IRA         Roth IRAs have become
         representative. Here are some      assets to pay your taxes. If       increasingly popular as estate
         questions to consider first:       you do, and you are younger        planning tools. Qualified
                                            than age 59½, you could            distributions from a Roth IRA
         I Will I earn more than
         1                                  find yourself paying a 10%         are free from federal (and, in
           $100,000 in Adjusted Gross       early withdrawal penalty on        some cases, state) income taxes,
           Income this year?                those assets, in addition to       even after the death of the
         If you answer yes, you cannot      any taxes you may owe. The         account holder.
         convert to a Roth IRA this year.   penalty alone might outweigh
                                            the benefit of conversion. If      I Once I convert to a Roth
                                                                               7
         I Will my spouse and I file
         2                                  you can’t afford to convert all       IRA, must I leave the assets
           separate returns this year?      of your IRA assets at once,           alone for at least five years?
         If you are married and filing      consider converting only a         Yes, your distributions from a
         separate tax returns, you cannot   portion of your IRA holdings       Roth IRA are tax free only if
         convert an IRA, unless you have    each year (although you must       you meet certain five-year aging
         lived apart from your spouse       meet the conversion qualifica-     and other qualified distribution
         for the entire tax year.           tions each year).                  requirements. See page 14
                                                                               for more information on

Key Questions to Consider                                                      distributions from Roth IRAs.
                                                                               Don’t convert an IRA if you
                                                                               think you may need to use the
                                                                               assets within the next five years.
         I Did I deduct my past IRA
         3                                  I Will I be in a lower tax
                                            5
           contributions?                     bracket when I retire?
         If you deducted IRA contribu-      Will your tax rate decrease
         tions from your income in the      when you stop working? Or do
         past, you will need to include     you think you’ll be in the same
         them in your income in the         or a higher tax bracket because,
         year you convert them to a         for example, the government
         Roth IRA. If your contributions    increased tax rates or you have
         were nondeductible, you            substantial investment earnings
         will pay taxes only on your        or lucrative post-retirement
         earnings when you convert          income? Generally, if you think
         to a Roth IRA.                     you will be at either the same
                                            tax rate or a higher tax rate in
                                            retirement, it might make sense
                                            to convert your IRA and pay
                                                                                                               11
                                            your taxes now.
Changing Your Mind
        What if you change your mind        There is even a provision
                                                                                  RECHARACTERIZATION:
        after you convert assets to a       to allow you to change your
        Roth IRA? This could happen         mind yet again. After you have        Reversing a Roth IRA
        if you discover that your           recharacterized a converted           conversion or redirecting
        income exceeds the $100,000         amount, you may be able to            an annual contribution
        limit. Or perhaps the conversion    reconvert it back to a Roth           (Traditional or Roth) back
        taxes took a bigger bite than       IRA. You should consult               to the original IRA—
        you expected.                       a tax advisor to more fully           Traditional, Roth, Rollover,
                                            understand the regulations            SEP-IRA, or SIMPLE IRA.
        Fortunately, the tax code offers
                                            and deadlines surrounding
        you some flexibility. You can
                                            reconversions.
        recharacterize a conversion
        back to the original type of IRA,                                         RECONVERSION:
        provided the recharacterization
                                                                                  Converting an IRA that has
        is made on or before your
                                                                                  already been converted and
        tax-filing deadline, typically
                                                                                  recharacterized once before.
        April 15 (including extensions)
        for the year in which the
        conversion is made.




                                             The government gives you a lot of flexibility
                                             to recharacterize your IRA contributions.
                                             But the rules are complex. That’s why it’s
                                             best to consult your tax advisor or investment
                                             representative whenever considering
                                             recharacterizing or reconverting an IRA.




        12
Converting to a Roth IRA
        CONVERTING TO A ROTH IRA

        Here are some issues to consider in deciding whether to convert a Traditional IRA to a Roth IRA.


                      Is your Adjusted Gross Income — joint or individual — $100,000 or greater?


                              Yes                                                        No
               You cannot convert this year.                      Are you married, but filing separate returns?




                              Yes                                                        No
            You cannot convert unless you lived                   Were your prior contributions tax deductible,
                 apart the entire tax year.                      or has your IRA already accumulated earnings?




                              Yes                                                        No
        Can you afford to pay taxes now to eliminate              You may owe no taxes. Consider converting.
               future taxes on IRA earnings?




                              Yes                                                        No
        Do you expect your tax rate to be the same                    You may not want to convert. Avoid
                 or higher in retirement?                         tapping IRA savings to pay conversion taxes.




                              Yes                                                        No
         Are you interested in preserving an estate                      You may not want to convert.
                       for your heirs?




                              Yes                                                        No
             Consider converting. Consult your                      Will you need to use the savings within
             tax or investment representative.                                the next five years?




                              Yes                                                        No
                                                                                                                  13
               You may not want to convert.                                  Consider converting.
AVOID PAYING UNEXPECTED                     intended, you can avoid need-                PENALTY-FREE DISTRIBUTIONS                 be distributed. Annual
PENALTIES                                   less headaches and expenses.                 FROM A ROTH IRA                            contributions may be
IRAs were designed primarily                But if you take a distribution               Distributions from Roth IRAs               withdrawn from a Roth IRA,
with your retirement in mind.               without considering the rules,               are taken from the non-taxable             at any time, tax free and
They can also help you finance              you may find yourself owing                  portion of the Roth IRA assets             penalty free.
certain other goals, such as                unexpected taxes, a 10%                      first. Only when all original
                                                                                                                                    The table below offers a
higher education expenses or                early withdrawal penalty,                    contributions have been
                                                                                                                                    quick overview of some
a first-time home purchase.                 or both.                                     distributed will any earnings
                                                                                                                                    of the relevant restrictions.
If you use IRAs as they were                                                             (may be subject to taxation)




How Will I Withdraw My IRA Savings?
    DISTRIBUTIONS FROM ROTH AND TRADITIONAL IRAS

    Penalty-free distributions              Roth IRA and Traditional IRA
                                            The 10% early withdrawal penalty will not apply to a distribution,
                                            as long as the distribution is for one of the following purposes:
                                            > Age 59½
                                            > Qualified higher education expenses
                                            > Qualified first-time home purchase (up to $10,000 lifetime limit)
                                            > Certain substantially equal periodic payments
                                            > Certain medical expenses in excess of 7.5% of Adjusted Gross Income
                                            > Certain unemployment expenses
                                            > Disability
                                            > Death
                                            > IRS levies
                                            > Qualified Reservist1


    Penalty-free and tax-free               Roth IRA only
    distributions                           With a Roth IRA, you pay no penalty and no federal taxes on
                                            your distribution as long as you have satisfied the five-year aging
                                            requirement (see page 15 of this brochure for details) and your
                                            distribution is for one of the following purposes:
                                            > Age 59½
                                            > Qualified first-time home purchase (up to $10,000 lifetime limit)
                                            > Disability
                                            > Death
                                            Roth IRA and Traditional IRA
                                            > Qualified HSA Rollover2
1
  A qualified reservist distribution is made to an individual ordered or called to active duty for a period of more than 179 days
  of the active duty or for an indefinite period after 9/11/01 and before 12/31/07.
2
  A one-time irrevocable direct rollover to an HSA is limited to the HSA regular contribution limit for the year and cannot be
  deducted from income as an HSA contribution.



                                             14
Taxes on IRA distributions          FIVE-YEAR AGING                        THREE STEPS TO

All distributions, except after-    REQUIREMENT                            GET YOU STARTED

tax contributions, from a           To avoid taxes and penalties
                                                                           Step 1
Traditional IRA are taxed at your   on a distribution from a Roth
                                                                           For each new Premiere Select
ordinary federal income tax rate.   IRA, you must have owned the
                                                                           IRA—Traditional IRA or Roth
Qualified distributions from        account for at least five years.
                                                                           IRA—complete and sign the
a Roth IRA are free of federal      The five-year period begins
                                                                           Account Application.
income taxes. Consult a             January 1 of the year for which
tax professional about your         you made your first Roth IRA
                                                                           Step 2
specific situation.                 annual contribution, or, if earlier,
                                                                           For a transfer, complete the
                                    January 1 of the year in which
                                                                           Transfer Form.
                                    you made your first conversion
                                    contribution. All subsequent           For the conversion of an
                                    annual contributions receive           existing IRA (but not a Roth
                                    this initial five-year aging date;     IRA) to a Roth IRA, complete
                                    however, each subsequent               the Premiere Select® Roth IRA
                                    conversion receives its own five-      Conversion Form.
                                    year aging date for purposes of
                                    determining if distributions are       Step 3
                                    qualified distributions.               Once your application or
                                                                           transaction request form has
                                    WHAT ARE MY NEXT STEPS?                been received, National Financial,
                                    Whether you’ve decided to              working together with your
                                    contribute to a Traditional            investment representative, will
                                    IRA or Roth IRA, convert an            process your request.
                                    existing IRA, or transfer an
                                    IRA, the process is easy.
                                    Simply follow three steps.




                                                                                                           15
Contact your investment representative today to open a Traditional
or Roth IRA—or to convert an existing IRA. It’s a step you can take to
help ensure your financial security down the road—and of those you

care most about.




16
 National Financial Services LLC, Member NYSE, SIPC


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posted:11/26/2008
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