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Are you one of the Americans who will receive a payment of up to $4,194 this week?

Many Americans receive their Social Security checks this week and you may be one of those eligible to collect the benefit

by TD Editorial
17/08/2022 09:44
in Money
Americans born 21-31 will collect Social Security benefits soon - Canva

Americans born 21-31 will collect Social Security benefits soon - Canva

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I retired at age 70, when will I get my Social Security benefit in October?

Being a person working in the United States has huge benefits in the future. The Social Security Administration provides retirement benefits to people who have worked and paid taxes.

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So, if you have worked a minimum of years and qualified for benefits, Social Security may send you a paycheck of up to $4,194 this week. The total amount depends on several factors, so there is a formula for increasing your SSA monthly payment.

To find out if you are one of the lucky ones to receive your Social Security benefit this week all you need to know is your date of birth. Each month the SSA sends out payments on the second, third and fourth Wednesdays. Each Wednesday is assigned to a group of people. Therefore, there are three different groups when it comes to collecting the retirement benefit.

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Who receives Social Security on August 17?

August 17 is the third Wednesday of the month. This means that only one group of people can receive Social Security on this date. The third Wednesday of the month is the second day that benefit payments are sent. People who receive this payment are those born between the 11th and 20th. This means that if your birthday falls between those two days this week you could receive your August payment in your bank account.

Americans will recive Social Security payment soon
Americans will recive Social Security payment soon – Canva

It does not matter if your benefit is for retirement, disability or blindness. The only important thing in this case is the day of your birthday. The payment you will not receive this week is the SSI if you are a beneficiary. This payment is made on the 1st of each month, except for months when it is a holiday or weekend. But the Social Security Administration will send your regular benefit without a problem.

Calendar for August benefits

The schedule for August benefits is very easy to remember. The first two payments, pertaining to SSI and the first round of benefits, have already gone out. SSA still has to pay benefits for this week and next week. If you are in last week’s group and have not yet received your benefit, contact the Social Security Administration to eliminate any possible problems.

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The August schedule for Social Security is as follows:

  • August 1: SSI payments for all beneficiaries.
  • August 10: Benefit payments for persons born between August 1 and August 10.
  • August 17: Payment for persons born between the 11th and 20th.
  • August 24: Payment for persons born between the 21st and 31st.

How to contact Social Security

The three main ways to contact Social Security are by telephone, online or by visiting one of the local offices:

  • Contacting the SSA by telephone: By calling 1 (800) 772-1213 you can contact the Social Security Administration directly. Through the telephone conversation you will be able to solve most of your problems. The disadvantage is that sometimes there can be a long queue and you will need to wait a long time while your call is answered. The good thing is that you don’t have to leave your home.
  • Local office: Another option is to visit your local Social Security office. Here they will help you face to face with your possible problems. As with the telephone, going to a local SSA office can be a slow process. You know when you go in, but you don’t know when you leave. Usually the workers are quick to respond, but there may be cases where the speed is slower. Plus, you have to travel to the site in person.
  • Online: With My Social Security Account you can access all your paperwork, official documents and more. Getting an account is very easy and all you need is your Social Security number. The biggest advantage is that you can check everything you need at any time, plus there is no waiting time or mandatory travel.
Tags: moneyretirementSocial Security
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