The financial organization of households in the United States that receive a monthly Social Security check can change depending on the retirement group. Retirees in group 1 do not receive their payment on the same day as retirees in group 2. Similarly, we also have groups 3 and 4, which get their payment on other days.
In this sense, we find up to four different groups of retirees and, therefore, four different days of Social Security collection. So we won’t be able to make the same financial plan if we are part of group 1 or group 2. Everything will depend directly on the group of retirees, so knowing every detail is key to putting these financial problems aside.
Who will receive the new February retirement check?
The only retirees who will get this new Social Security check in February will be those who are part of group 2. It is important to keep this in mind at all times, since group 2 is the one that receives its benefit on the second Wednesday of each month.
Thus, the retirees who receive this payment are those in group 2, and Social Security has two requirements for being part of this group:
- Have been receiving benefits since after May 1997.
- Have a birthday between the 1st and 10th of any month.
Both requirements are absolutely mandatory. It is not possible to get the check on February 12th without meeting both conditions. Of course, we won’t be able to have the money in our checking account on the day it is sent if we haven’t activated Direct Deposit as our collection method.
How can I get the $4,018 payment from Social Security?
It is true that it is possible to get a monthly payment of $4,018 from Social Security, but it is mandatory to have maximized the check. In this way, citizens who have obtained the maximum check can enjoy this payment every month.
To maximize a Social Security check, we need to apply for retirement as late as possible, as well as working for 35 years at a high salary. Only by combining these three aspects is it possible to achieve a check of this amount.
