Within the United States Social Security Administration’s calendar there are different payments for retirees. Each month there are new payments. This does not mean that payments have been created, but rather that they are the next payments for those who already have an accepted benefit. In this way, with the calendar, it is possible to know the days on which the Social Security Administration will send us our pension payment. There are several different payments, since people with a subsidy for retirement age and disabled users can receive their payment on the same day.
Therefore, you could have your Social Security pension money available to you today. Only one requirement must be met, and that is to have your birthday between the 1st and 10th of the month. And it doesn’t matter if your birthday is in this month of November or in another month. The only thing that really matters is the day of your birthday. This way, you will receive your benefit today if you have an accepted retirement or disability subsidy and you have your birthday between those days mentioned above.
Also, it’s good to keep in mind that if you have Direct Deposit activated, you can receive your benefit of up to $4,194 today. The Social Security Administration sends the money in a timely manner, but it can take up to 3 days for it to show up in your bank account. If it takes a little longer, try contacting your bank to make sure there is no problem. The benefit of $4,194 per month is the maximum in 2022, but the average is $1,666. The figure doesn’t matter, as you will receive it regardless of how much you collect.
How can I increase my Social Security benefit?
As we discussed earlier, the maximum Social Security benefit in this year 2022 is $4,194 per month. But if you want to increase it, it is possible, although it has to be before you apply for it. Once you apply for your Social Security benefit, the only way to increase the amount in the checks is through the COLA. The COLA is applied once a year, in January, and depends on economic factors that we cannot control.
But we can control how to increase the pension during our time as a worker. To get the maximum pension possible, you have to follow three basic tips.
- Work for 35 years.
- Have a high salary.
- Delay your retirement age.
If you maximize these three factors, your Social Security pension could be $4,194 a month or close to it. If you can’t maximize all three, it’s at least a good idea to try to maximize one of them.