One of the great advantages that United States Social Security beneficiaries have is that they can know in advance when they will get their check each month. This information is not a trifle, since it allows retirees to organize the finances that come into each household.
Many Social Security beneficiaries collect only the benefit as their sole source of income. Likewise, 90% of United States citizens over 65 years of age get a check for retirement. Of that 90%, a large portion have no other source of monthly income.
So knowing exactly when these payments are scheduled is key for all of them. If they can’t know on what day they get their retirement benefit, they may not have a sufficient budget for the remaining days of the month.
To whom does Social Security send upcoming checks of up to $4,873?
On the upcoming 3rd day of May, beneficiaries with a pre-May 1997 benefit can get a payment of up to $4,873. It is important to meet this requirement, because if we do not meet it we will not have access to the payment.
There is no other extra requirement for the Social Security Administration to send us the check. However, if we want to have the money available on the 3rd day of the month, we do need to activate Direct Deposit as a collection method.
How can I get a larger Social Security check?
Social Security Age Retirement payments have a maximum check in this year 2024 of up to $4,873 per month. However, retirement payments are all different and each beneficiary gets a different check.
If we want to get a large monthly payment we need to keep several things in mind. The first is that we need to plan our retirement in advance. Knowing this, we have to maximize the three elements that make up the monthly retirement payment.
These three elements are the retirement age, the years worked and the salary during those years. Taking this into account, the ideal is to reach 67 years of age before retirement, since this way we will get 100% of the money contributed. Also, working 35 years with a high salary is key to reach a good Social Security figure.