If you have a Social Security benefit, you may soon be receiving your new United States retirement benefit. This type of benefit is available to many different groups in the United States, but they must meet two mandatory requirements. By meeting just these two conditions, we will have access to this benefit. This would mean that we would receive the payment in just a few days.
We are talking about the last Social Security payment in January 2024. So any other retiree who is not in that group should already have the payment on that day, and that is because all the retirement payments have gone out from the administration to their beneficiaries. In this last payment of the month, only Group 4 retirees can receive the benefit.
Also, thousands of Americans may have to claim the payment. This is because there may be delays in retirement payments. For this reason, it is advisable not only to check the payment schedule to see what day we will receive our Social Security, but also to activate the fastest collection method. If we check the payment schedule and also activate the fastest collection method, we can receive our payment on the same day the Administration sends it.
How will I get my next Social Security check?
This new Social Security check will leave the Administration’s office on January 24. The last of this month’s Social Security payments will be for only a certain group of Americans. As for the amount, each beneficiary will receive his or her lump sum payment, but the maximum for Full Retirement Age, i.e., retirees who claimed benefits at age 67, is $3,822.
This does not mean that we will receive such a payment. The payment varies based on each beneficiary’s work history. But the check in question is not one of the conditions for collecting the next day’s payment. The requirements are as follows:
- Have a benefit since after 1997.
- Have a birthday between the 21st and 31st of any month.
Only then do we belong to the group of retirees who receive a Social Security benefit in the last transfer of the month. So if you are in this group, be prepared to receive a check on the 24th, as long as you have Direct Deposit active. If you don’t have it active, the money will arrive in the days following the mailing.
Can I change the day I receive my retirement check?
The short answer to this question is simply no, you cannot change the day you receive your monthly Social Security payment. And the answer is simple. The day the Administration sends us our monthly check depends on certain personal information. One is the day you were born. The other is the year we retired.
Since we cannot change these two elements, it is impossible to receive payment before or after the date the Administration marks on the calendar. The only thing we can do is to choose the most appropriate collection method in order to receive the payment as soon as possible.
Besides, we have to consider that it does not matter whether we belong to one group or another if we know how to organize ourselves. We know the day we will get the money, so we can easily determine what our budget is until we get the next month’s social security. This is the only way to organize our household finances in the best possible way.