A Resilient March
The financial markets’ resilient performance during March was striking, despite pockets of uncertainty surrounding the strength of the economy—and not to mention concerns over the durability of the banking system. The ability of the market to navigate nearly two weeks of headline-related risk tested the underlying resolve of the market’s capacity to look ahead.
Moreover, it underpinned our conviction that despite setbacks, including bouts of volatility, we will see the beginnings of a new bull market emerge, especially as the Federal Reserve (Fed) winds down its campaign to quell inflation. By all indications, the Fed is edging closer to its final interest rate hike, which should help bolster both consumer and business confidence.
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April Tip of the Month – College Preparation Tips
Getting ready to apply for college is an exciting and anxious time for high school students and their parents. The competition to get into college is stiff, and with the rising cost of education, getting enough aid is critical for many students pursuing their educational and career goals. Each academic year, over 85% of students receive financial assistance. One way to get started on the right foot is to have your FAFSA completed.
The cutoff to submit your FAFSA form is by 11:59 p.m., central time (CT), on June 30, 2023. You should submit any corrections or updates needed by September 9, 2023, by 11:59 p.m. CT.
What you need to get started:
Federal Student Aid (FSA) ID
Federal Income Tax Return
Social Security Number and Driver's License Number
A List of Untaxed Income
A List of Your Income and Assets
A List of Schools Where You Want to Apply
Colleges may have their own deadline, so you should check with the school(s) you are interested in and take note of the deadline. The FAFSA website has a comprehensive list of state deadlines for the 2023-24 academic year.
You must meet the June 30 deadline to be eligible for aid for the current academic year. The earlier you submit your FAFSA, the easier it will be to be awarded the assistance you need. Many types of aid have limited funding, so being early can benefit you in an increasingly competitive environment.
Content in this material is for educational and general information only and not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
This was prepared by LPL Marketing Solutions
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