One of the great advantages of starting to collect a United States Disability benefit is knowing the day on which we will get the money. The Social Security Administration’s payment schedule is set before the beginning of the year. For that reason it is possible to mark the exact time when we can collect the money.
So if you have a disability benefit or any other type of Social Security retirement check, you can organize your finances very efficiently. Likewise, it is also possible to know how much we collect each month, which assures us a very great economic stability and, therefore, a better quality of life.
And with this improved quality of life after starting to collect Social Security, whether for disability or for other reasons, we just have to live in the best possible way. By marking on the calendar the day of the collection we will not have the money on that day for sure, but we will know when the Administration will send each check. In order to be able to cash on that specific day it is necessary to activate another option.
When are the 3 Disability checks in January?
In total, the Social Security Administration will send out 4 different checks to beneficiaries for Disability in January 2024. Each of these checks is totally different from the last in terms of the recipients. In order to get one of these checks, certain requirements must be met. Also, having one of these checks means not cashing any of the others.
It is only possible to get one check per month from Social Security retirement. It is different to also have Supplemental Security Income, since it gives us an extra check per month. But if we only have Social Security Retirement, we can only receive one check per month.
Before the end of January, three more disability checks will arrive. These three checks will be on the 10th, 17th and 24th of the month. To be able to cash these checks, it will be necessary to have a retirement benefit since after 1997. It is also mandatory to have a birthday between certain days of the month.
On the one hand, January 10th is for Disability retirees with birthdays between the 1st and 10th of any month. On the other hand, the 17th is for retirees with birthdays between the 11th and 20th of the month. Finally, the payment on January 24th is for retirees with birthdays between the 21st and 31st of any month.
What is the maximum Social Security payment in 2024?
Each type of Social Security benefit has a different maximum check. Thus, Disability benefits have a maximum payment of $3,822. In the case of age-based retirement, it all depends on the age at which we retire.
If we request the benefit at age 67, which is the Full Retirement Age, the check can reach the same amount as the Disability payment. On the other hand, the retirement benefit payment at the minimum age, 62, can reach $2,710.
Finally, the maximum check for all Social Security benefits is $4,873 in 2024. This benefit cannot be reached by all beneficiaries, as everything related to our benefit needs to be maximized. While reaching this figure is very difficult, we should keep in mind that the more we increase our check, the better our retired life will be.