November 2013

05 Nov

Professor Fama’s Nobel Prize, Parkshore Wealth Management and You

We are thrilled to share the news that University of Chicago Professor and Dimensional Fund Advisors board member Eugene F. Fama has been named a co-recipient of the 2013 Nobel Prize in Economic Sciences, in recognition for his contributions to the "empirical analysis of asset prices."

It's about time we had some wonderful investment news to celebrate! It's also about time that Professor Fama has been tapped to receive among the highest academic honors available. Dr. Fama's groundbreaking work in capital market theory has unquestionably enhanced our ability to assist each of our clients in achieving their personal long-term investment goals—whether the contribution has been realized or unsung.

05 Nov

Medicare Open Enrollment for 2014

A summary of what you need to know.

Medicare Open Enrollment has arrived. The open enrollment period for 2014 runs from October 15 to December 7, 2013. This is not only a period where you may enroll for the program, but also switch providers for your comprehensive health and drug coverage.1

Some key dates to remember. This fall and winter, there are three periods in which Medicare beneficiaries can either enroll or disenroll in forms of coverage:

05 Nov

What’s Next in the Debt Ceiling Debate?

Implications for the short term and the long term.

In January, will the federal government be shuttered again? At first thought, it seems inconceivable that Congress would want to go through another protracted fight like the one that shut things down for 16 days in October. That could occur, however, if a new budget panel doesn't meet its deadline.

Once more, the clock is ticking. By December 13, a group of 30 senators and representatives have to hammer out a bipartisan budget agreement. It must a) reconcile the markedly different House and Senate FY 2014 budget plans passed earlier in 2013, and b) map out a longer-term plan to shrink the federal deficit. If a) doesn't happen, then the country will be threatened with another federal shutdown on January 15. If b) doesn't happen, then another round of sequester cuts from the 2011 Budget Control Act will be initiated as of that same date.1,2,3,4