In the United States, certain requirements must be met in order to receive a retirement benefit. Before contacting Social Security, you must have worked for at least 10 years and have reached the age of 62. The problem is that under these conditions the Social Security benefit is quite low. It is a good idea to maximize this amount before starting retirement. Otherwise, the senior will have to live for a good part of his or her life on an income that is not very high.
And among other reasons, that’s one of the big reasons why Supplemental Security Income (SSI) exists. Thanks to this other Social Security check, retirees with lower incomes can live better and more comfortably. However, not all retirees are eligible for this other benefit. Only retirees over 65 years of age with a low income could have one of these checks. It is true that all retirees can apply for it, but not everyone can have it month after month.
These benefits are also available to disabled users. The SSI Social Security check makes paying monthly bills more convenient for many retirees. But this does not eliminate the retirement check, as they are complementary. In addition to this check, there is a different SSI-related check in the month of December.
Tomorrow, December 1, 2022, the Social Security Administration will send out the last calendar check of the current year. But it is not the last Supplemental Security Income payment the SSA makes for the year. Since January 1 is a holiday and also a Sunday, the SSA will pay the January SSI check on the 30th day of December.
How do I receive any Social Security payments quickly?
There are several ways to receive Social Security payments. But not all methods are equally fast. Thus, both one and the other are effective, but one is slower.
The main and most common ways of receiving the money are as follows:
- Bank account deposit. Any bank account in the United States is valid to receive the retirement or disability benefit. In addition, the SSI payment can also be received in the same manner.
- Direct Deposit. The Direct Deposit system is very effective because of its immediacy. Anyone who has activated this form of receiving the money will be able to have it immediately. As soon as the Social Security sends the payment, the retiree will have it to use.
Remember that you can use either of the two methods depending on your preferences. Both are perfect for receiving Social Security payments, so there is nothing to worry about.