The United States Government sends a new wave of Social Security payments to the new group of eligible beneficiaries. To know whether a retiree is eligible or not it is necessary to look at two pieces of information. On the one hand, the year of retirement. On the other hand, the day of birth.
By just checking that information we will have enough to be able to know if we will have the payment on this day or not. The next payment day will be June 12th and it will only reach Social Security eligible citizens who are part of group 2 beneficiaries.
Who gets the new Social Security payment on June 12th?
When a group of beneficiaries is eligible to receive the Social Security payment, the check arrives within days of the Administration’s mailing. However, it is possible to get the payment on the same day of mailing by simply activating Direct Deposit.
Be that as it may, retirees who get this new June 12th payment are:
- Those with a Social Security benefit from May 1997 onward.
- Those Americans with a birthday between the 1st and 10th of any month.
Both requirements are totally mandatory. Therefore, we must meet not only one of these requirements, but both at the same time. If we only meet one requirement our Social Security payment will not be on June 12th, but on a different day of the month.
How to maximize your Social Security check?
In the event that you have not yet applied for your monthly retirement check it is possible to maximize the payment. At the end of the day, the Social Security check is directly dependent on our work history. So maximizing this work history is key to being able to have the best possible check.
Thus, the three basic elements are to retire very late, work for many years and have a good salary. In this way, we will get to have a big check so that we can enjoy retirement to the fullest.
If we want to collect $4,873 a month from Social Security, or close to it, we must work 35 years at a high salary and apply for retirement at age 70. However, these conditions are not for all Americans. It is not always possible to apply for a check that late, so we should try to get as close to those numbers as we can.