Retirees in the United States whether due to age or disability, may have some good news in the next few days. One of the new benefits will arrive next week for Social Security beneficiaries who have an accepted benefit and meet certain requirements.
Although the maximum benefit if $4,555, not all Americans can count on such a large amount. Only an exclusive group of citizens who have organized their retirement well may have been able to get a check for that amount.
Even so, it is not necessary to have such a large check to be able to live well in retirement. The important thing is to control well the money that comes in through Social Security and to have a good economic organization at home.
In addition, it is possible to apply for Supplemental Security Income for citizens with a disability or over 65 years of age. So if our income is low, we will always be able to apply for that extra check from Social Security.
WHO WILL GET THE NEW $4,555 SOCIAL SECURITY PAYMENT?
In order to apply for this Social Security retirement or disability check, there are two requirements. This will cause the Administration to send this check, but it will not indicate that we will get it on the exact same day.
If our goal is to get the payment on the same day it is necessary to activate Direct Deposit. Thanks to this method of payment we will be able to enjoy the benefit on the same day of shipment. To be exact, the day of shipment will be the next September 13th.
But two requirements must be met, as we have already mentioned. On the one hand, it is necessary to have the benefit accepted since after 1997. On the other hand, the beneficiary must have the birthday between the 1st and 10th of the month.
No other requirements are necessary, so whether our benefit is for Disability or age is not really important. So if you have a Social Security check and haven’t gotten it yet you may be able to get it next day.
HOW TO INCREASE MY PENSIONER’S MONEY?
When planning our retirement we have to take into account three fundamental elements. These three elements are the ones that directly shape the Social Security check.
The three elements are the retirement age, the years worked and the salary as a worker. At the time of applying for retirement, we must be as close as possible to 70 years of age. It is also necessary to have worked for 35 years with a high salary.
The closer we are to this, the closer we will be to having a large benefit. The minimum age to apply for age retirement is 62, but that will not give us a big check. For that reason, it is necessary to keep in mind that the closer we are to 70, the better.