Collecting a Social Security benefit in any of the United States is commonplace in many households. Whether it is retirement due to age or disability, many American citizens receive this type of pension. However, many of them have no other source of income to supplement this payment. That is why it is so important for them to know the exact day on which any new income will be available to them. With the Social Security Administration’s calendar already announced, it is very easy to keep complete control of our finances.
Thanks to all the information available on the Social Security Administration payments, many pensioners can continue their retired life in a good way. This is fundamental for those people who only have this income as their only source of income, although it is not the most advisable thing to do. It is not good to rely 100% on Social Security payments because most of them are insufficient. While it is true that they can reach $4,194 for age retirement and $3,345 for disability, this may not be enough.
The average benefit of $1,666 is also insufficient in many states, especially if taxes have to be paid in those states. An interesting option is to live outside the United States and look for a cheap country to live in with your pension check. It all depends on the ultimate goal of each retiree. What we do know for sure is when we will receive our next Social Security payment, which will be very soon and we will only have to wait days to receive it.
When is the next Social Security payment in November?
The next Social Security payment in November will be on the 16th of the same month. This payment pertains to retirees born between the 11th and 20th of the month. Therefore, if your birthday is between those two days you will soon have a new amount of money in your bank account. If you were born earlier, remember that your payment was on the 9th of November.
On the other hand, the last payment for the month of November will be next November 23rd. Retirees with birthdays between the 21st and 31st of the month will be able to receive the benefit on the same day.
How to receive the pension very quickly?
There are two common ways to receive the Social Security retirement benefit. One of these two ways is Direct Deposit, the fastest of all. Thanks to this method, which does not require a bank account, we have the money immediately at our disposal.
The other method is the bank account, but we will have to wait up to 3 days to have this money. It is possible that the Social Security pension will appear in our account on the first day, but usually it will be delayed.