One of the biggest concerns of retirees in the United States is the day on which they can collect their Social Security check. This is because many of them only receive this income per month, despite the fact that it is not advisable to rely 100% on the pension. The situation is set up this way because a large portion of Americans have not planned efficiently for their retirement.
However, it is possible to live on the monthly check of $1,666 if the retiree manages to effectively organize his or her economy. There are places to live on just the Social Security check without having to pay in more money. In any case, it is always good to know the day on which we collect the pension, since thanks to this information the organization is much simpler and more efficient.
Therefore, if any American is wondering what is the best way to find out when we will collect Social Security, we can find out by taking a good look at the calendar. The dates on the calendar are always the same and change depending on the current month.
There are two important pieces of information to know in order to recognize the day on which a retiree will receive his or her Social Security check. Having this information, we only have to look at the calendar to find out the day of payment.
How to know the day of the Social Security payment?
The most important piece of information to know the day on which a retiree receives a Social Security check is the day of his or her birthday. It is essential to understand that the data is only the day and not the month or the year. Thus, by knowing the day of the birthday, from the 1st to the 31st of any month, we can know the day on which a retiree receives his or her benefit.
There are always three different days on which the Social Security Administration sends the payment to retirees. Therefore, pay attention to these days.
- 2nd Wednesday of the month.
- 3rd Wednesday of the month.
- 4th Wednesday of the month.
These are the days when Social Security sends the money every month. This is the case except for those days when Wednesday is a holiday, which is not usually the case. Each group of retirees receives the benefit on one of these days. The groups of retirees are as follows.
- 1st group. Pensioners born between the 1st and 10th.
- 2nd group. Social Security pensioners born between the 11th and the 20th day.
- 3rd group. Users born between the 21st and 31st .
Thanks to this scheme, it is easy to know the days on which the money is collected. Retirees in the 1st group receive the benefit on the 2nd Wednesday. On the other hand, on the 3rd Wednesday, retirees in the 2nd group receive Social Security. Finally, the 3rd group receives their check on the 4th Wednesday of the month.