United States retirees who meet two requirements will be able to get a new Social Security check in just a few days. While it is true that the Administration is sending out a new check today, the next check will take just a few days to reach Americans’ pockets. And to receive this new check, there are no more than two mandatory requirements to meet.
However, if we do not meet these two mandatory requirements, it is impossible to receive the check. This is because the Social Security Administration‘s payment system sends checks on different days to different groups. Thanks to this system, the Administration avoids a lot of mailings and retirees can receive the money on time each new month.
Even so, it is true that payments can be delayed, but these delays are not usually the Administration’s fault. Social Security always sends checks on time so that retirees can enjoy their money. Knowing the payment schedule always makes household finances easier. Are you in the group that will cash the next check?
Eligibility for the next Social Security payment
The next Social Security payment will be sent on the 12th day of July. This means that the Administration will pay this check in just one week. If you are on the retired list, the payment will reach your pocket without any problems. In order to receive this amount, the following conditions must be met:
- Have the benefit after 1997.
- Your birthday must be between the 1st and 10th of the month.
With only these two requirements we will be able to receive the money in a few days. The truth is that these are requirements that we cannot fulfill in case we do not do it naturally, since the conditions are given by the citizen’s own condition. Both the date of retirement and the birthday are things that cannot be changed.
What is the maximum retirement amount in 2023?
Social Security age retirement checks in 2023 can be as high as $4,555. This maximum amount is not for all citizens, but only for a group that maximizes their benefit before applying for a check. Thus, retirees who want to get the highest possible check should take into account three aspects.
The first aspect is the retirement age. This is critical because we can lose up to 30% of our check if we apply for retirement too early. Social Security removes 30% of the money contributed from our monthly check if we apply for retirement at age 62, which is the minimum age.
On the other hand, we have the benefit contributed, which is calculated based on the years worked and the salary during those years. In order to obtain the highest benefit within our possibilities it is necessary to maximize this as well. By having a work history of 35 years and a good salary for most of the time we will be able to reach the best possible figure.