In all the United States, regardless of the state, the Social Security Administration sends out pension money on the same days. The amount, however, is entirely individual. As far as payment days are concerned, Social Security pays its benefits on 3 different days. The intention of doing this is to avoid a saturation in the system. The great advantage of knowing the payment day in advance is to be able to have a perfect organization of the family economy.
With a maximum benefit of $4,194 per month for retirees by age, Social Security in the United States is a fundamental pillar of society. Although reaching such a high figure is not as easy as it sounds, it is very possible. What is not possible is that retirees collecting their pension in 4 days will be able to receive this figure, unless they have already registered it before. In order to increase Social Security, it is necessary not to have applied for it before.
Today is the day when the Social Security will send the money corresponding to the November pension. This payment belongs only to retirees born between the 21th and 30th of the month. The 23th day of November, which is the third Wednesday of the month, is the day for these payments.
How to increase the Social Security payment?
As we have already mentioned, it is impossible to increase your monthly Social Security check if you have already applied for retirement. However, it is possible to increase it if we make a good plan. To get the maximum check of $4,194 per month in 2022, it is mandatory to maximize all the details.
- But it is not necessary to maximize all the details to get a good check. Keep these three details in mind before applying for Social Security.
- Get a good paycheck. The amount of the Social Security check depends on the taxes we pay. So the higher the salary, the more taxes we pay. So that translates in the end into a larger benefit.
- Delay retirement as long as possible. Age 70 is the limit for increasing Social Security. After this age there is no other benefit. So we can wait until we reach these years before applying for the benefit.
- Work at least 35 years. Every year not worked under 35 means that $0 is added to the average retirement. It is better to work more years with less pay than to not reach this minimum time worked.
By following these tips you can get a great benefit to be able to enjoy the golden years and rest.