The day a 70-year-old senior in the United States receives a Social Securitycheck is always a good day. Retirement is something that many United States users are looking forward to, but it is impossible to collect the monthly check without having applied for it first. Therefore, this means that it is possible to collect it, but with certain conditions.
U.S. retirees are divided into three groups. In each of these groups there are disability retirees and age retirees. The reason for retirement does not matter. The only thing that matters is the date of birth for these cases. Thus, next Wednesday, retirees born between the 11th and 20th of any month will receive their check.
This is the second payment from the Social Security Administration in the month of December. The first of these retirement payments was on the 14th of December. That is, last Wednesday the SSA sent out the first retirement check for the last month of the year. This check went into the pockets of seniors born between the 1st and 10th of the month. If your date of birth falls between those days, you should already have your retirement check.
How can I receive my Social Security check?
There are two basic ways to receive your monthly Social Security check. There used to be a third way, but that no longer exists. The way that no longer exists is through physical checks, which were sent by mail. These checks no longer arrive in mailboxes; instead, the money is sent to both bank accounts and Direct Deposit cards.
As for these two methods that do work, Direct Deposit is noteworthy. The bank account method is not bad, but can be slow for a large portion of retirees. It can take up to 3 days for the money to arrive. This can be a problem, as sometimes you have to wait until Monday of the following week to be able to use the money.
On the other side of the situation we have Direct Deposit. This method of collecting Social Security is quick and easy to use. We do not need a bank account to be able to access this form of payment. In addition, this is also a debit card, so we can pay anywhere with it. It is a great convenience to be able to have the pension money immediately.The method for collecting the pension is totally personal. Each retiree chooses the one that likes the most, since the Social Security Administration does not oblige to use one of these methods in particular.
And remember that in order to obtain the largest possible retirement benefit check, it is best to maximize the years worked, have a high salary and delay the retirement age. If we apply for retirement at age 62 we get the Early Retirement Age, which means subtracting 30% from the benefit contributed. To get 100%, it is mandatory to wait until the age of 67 to apply for retirement. To get up to $4,194 per month, it is necessary to wait until the age of 70.