The 2024 COLA announcement is imminent, so soon all United States retirees will be able to know how much their Social Security checks will increase in just a few months. But we still have to get some payment before we know the exact number.
Still, even if we know what the COLA will be for next year, we will not be able to enjoy this benefit immediately. Citizens will see the increase in each Social Security check once the year 2024 begins.
Regardless of all this, in just a few years the second group of beneficiaries will be able to get their retirement check. And it doesn’t matter what type of retirement we have, but it is other elements that make up the groups to be paid in the near future.
If we are in this second group, the check from Social Security will arrive in just a few days. This will allow us to have up to $4,555 more in our bank to use it for whatever we need. Likewise, the amount of the check also does not matter in determining the day of cashing.
WHICH GROUP WILL CASH THE NEW SOCIAL SECURITY CHECK?
Only retirees who meet two mandatory requirements will be able to get this new Social Security payment in the next few days. In order to get this check, two conditions are mandatory.
If you retired after 1997 and your birthday falls between the 1st and 10th of any month, you’re on track to receive a forthcoming payment, with the exact month being unimportant.
Remarkably, a retiree born on any day from 1-10, regardless of the month – let’s say May as an example, can reap the benefit in June, October, or whenever suits.
By satisfying these specifics and opting for the swiftest payment method, anticipate your payment to pleasantly arrive on October 11th. This makes the process straightforward, ensuring easy access to your benefits when you’re eligible.
WHAT IS THE FASTEST WAY TO GET THE PENSIONER’S PENSION?
When it comes to collecting benefits, we have two options for cashing our Social Security check. It does not matter which of the two options we choose, since we will get the monthly payment the same way.
However, the day on which we get the benefit may change. In order to be paid on the same day that the Administration sends the check, we must activate Direct Deposit. This collection method is immediate and works for almost any type of payment related to the United States Government.
If you do not choose Direct Deposit we will get the money through a bank deposit. This deposit will take between 1 and 3 days to appear in our possession. The money will still arrive, but it will take a little longer to be available.