RCG News

Retirement Capital Group Appoints Dr. Arthur B. Laffer Vice Chairman and Lead Director of its Board of Directors

San Diego, CA - August 20, 2004 - Retirement Capital Group, Inc. (RCG), a leading provider of executive compensation and benefits solutions, today announced Dr. Arthur B. Laffer as Vice Chairman and Lead Director of its Board of Directors.

Dr. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm that provides investment-research services to institutional asset managers. Dr. Laffer's professional history is extensive. His economic acumen and influence in triggering a worldwide tax-cutting movement in the 1980s earned him the distinction in many publications as "The Father of Supply-Side Economics." One of his earliest successes in shaping public policy was his involvement in Proposition 13, the groundbreaking California initiative that drastically cut state property taxes in 1978.

Other career highlights include Dr. Laffer's post as a member of President Reagan's Economic Policy Advisory Board for both of the President's terms (1981-1989); a member of the Executive Committee of the Reagan/Bush Finance Committee in 1984; founding member of the Reagan Executive Advisory Committee for the presidential race of 1980; Distinguished University Professor at Pepperdine University and a member of the Pepperdine Board of Directors.

"Art has been working with me extensively to help build a strong financial structure with which to position RCG for long-term growth," said Bill MacDonald, Chairman, President and Chief Executive Officer. "As Vice Chairman and Lead Director, Art will lead our impressive Board of Directors and executive management team to achieve excellence in our industry. It is an honor to have Art in this role."

Commenting on his appointment as Vice Chairman, Dr. Laffer said, "RCG's Board, Bill MacDonald and the entire RCG team have a tremendous opportunity. RCG's model and the industry experts they have attracted to deliver best practices in the area of nonqualified executive benefits are revolutionary. It is a pleasure to share with them my expertise to help them become the recognized leader of choice in their industry."

About Retirement Capital Group
RCG is a national executive benefits consulting firm, offering RCG Best Practices to plan structure, design, benefit security, funding, implementation, and administration. RCG's unbundled approach is a paradigm shift, providing companies access to proprietary and creative solutions, the highest caliber of experts in the executive benefits marketplace, and a network of third-party administrators. RCG's corporate headquarters is located in San Diego, California .

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