Living in the United States has many financial advantages on the retirement side. The Social Security Administration sends a monthly check to all beneficiaries. This monthly check can be as high as $4,194 in 2022. While it is true that it is not easy to reach such a high figure in retirement, it is entirely possible. To get there you should delay your retirement as long as possible, even though it makes no sense to do so beyond the age of 70.
In addition to this, Social Security pays benefits in different batches to different groups. Every Wednesday of the month SSA sends the money. Thus, on the second, third, and fourth Wednesday of the month, people who have an accepted subsidy will be able to receive the benefit money. It is very important to know when you will receive your benefit in order to avoid problems with delays. This way you can also organize your finances.
Who receives the next Social Security payment?
Americans with a Social Security benefit born between the 1st and 10th of the month are the next to get paid. This means that if you were born between these days, you will soon have your subsidy money. The payment date is exactly November 9. If you were born after these days, the SSA will send your benefit on November 16 and 23.
It can take up to 3 days for your money to arrive, so don’t despair if it still hasn’t shown up in your bank account by the weekend following the payment. Social Security will send your money, so you just have to wait to receive it. Then if you were not born on those days, don’t worry, you just have to wait for your payday to arrive. Social Security Administration will send you the money anyway. The November paydays are the 9th, 16th, and 23th.
Fortunately, knowing this calendar is a tremendous help in maintaining financial stability in the household. Because the Social Security Administration announces the calendar well in advance, retirees can know the day on which they will receive their subsidy.
What other SSA payments are there in November?
The Social Security Administration sends out retirement and disability payments on the days listed above. However, there is also another payment aimed at people with lower incomes. To get Supplemental Security Income (SSI), you must be an SSA retirement or disability beneficiary.
- Second Wednesday of the month: November 9. The Social Security Administration sends money on this day to people born between the 1st and 10th of the month.
- Third Wednesday of the month: November 16. On this day, beneficiaries born between the 11th and 20th of the month can receive their benefits.
- Fourth Wednesday of the month: November 23. This is the day chosen by the Social Security Administration to send the benefit to all those born between the 21st and 31st.
In addition to this, another requirement is to have a low income. SSI is a financial benefit designed to enable all Social Security beneficiaries to pay their bills, food, and all their monthly expenses. It is also important to remember that the COLA affects SSI just as it does the regular benefit. Therefore, both benefits will suffer an increase by the next year 2023.
These Social Security payments can always take up to 3 days to appear in your bank account. In case of delay, contact your bank directly. If they are unable to offer you help, call a Social Security office to report your case and receive the necessary help.