Not all United States Social Security beneficiaries get their retirement check on the same day of the month. It is important to be clear that payments follow a strict calendar and that in order to determine the day on which we receive a check, we must look directly at which group of retirees we belong to.
In total there are four payment days in the United States Social Security. We will always collect our benefit on one of these four days. At the very least, the Administration will always send us our payment on one of these days. Whether we get it immediately or not depends on whether or not we have actually activated the fastest collection method.
Therefore, knowing the collection day for our group and activating the fastest collection method are the two key elements to mastering the economy in case we are retirees. The Social Security pension is very important to millions of Americans so knowing the payday is critical if we want to have a perfectly balanced household finances.
Full schedule of Social Security pensions in January
Payments of up to $4,873 from U.S. Social Security will arrive throughout the month of January to different groups of retirees. The first of these groups has already been able to receive the payment, although it may not yet be available to them and they may have to wait a few days to get it. This depends on the method of payment chosen.
To have the clearest ideas, these are all the days on which the Administration will send out retirement checks in January 2024:
- January 3rd. Social Security payments for pre-1997 retirees.
- January 10th. Retirees with a post-1997 check with a birthday between the 1st and 10th of the month get paid on this day.
- January 17th. Beneficiaries with birthdays between the 11th and 20th of the month and a post-1997 benefit are paid on this day in January.
- January 24th. Any beneficiary with a birthday between the 21st and 31st of the month and a post-1997 benefit is paid on this day.
The month and year of birth do not matter in determining the day of payment. What is important in these cases is only the exact day of the birthday. In this way, retirees with birthdays in May can cash the checks for January and the rest of the year without any problems.
How to collect retirement payments quickly?
Both Social Security retirement checks and other benefits sent by the government, such as Supplemental Security Income, arrive sooner with the fastest cashing method activated. This collection method is Direct Deposit.
Not activating this non-cashing method does not mean not getting a check, but it does mean getting it a little later. Therefore, if we have a benefit of these characteristics and we activate this method of collection we will be able to enjoy the payment on the same day that the Administration sends it.
If it is not activated, the money will take a few days to appear in the current account. If the payment is made on Wednesday, as usual, it could even arrive on Monday of the following week. But that does not depend on Social Security, but on the bank itself.