Getting a new Social Security check is possible in just a few hours. The new United States retirement payment is on its way. While it is true that this payment is not for all retirement benefit recipients, a large group of these retirees will be able to enjoy a new check. Thanks to the organization in the payments of this benefit, retirees can know on which day they collect each check.
Therefore, it is entirely possible to mark on our calendar the day on which we collect our Social Security payment. Just knowing the requirements for each of these payment days is more than enough to know this. In total, the Administration sends up to four different payments. Of these four payments we can only collect one of them.
And with that particular payment we will have to have enough money for the whole month. This is unless we collect the extra Supplemental Security Income payment, which comes every month to certain United States citizens. But it is not a good idea to count this extra money from Social Security, especially if we do not have the benefit accepted yet and it is in process.
Who gets Social Security in 24 hours?
Payments from the Social Security Administration will arrive in less than 24 hours for beneficiaries who are part of retiree group 2. This group has to meet only 2 conditions. These conditions are impossible to avoid, so if you have a retirement benefit you should pay attention to know if in just a few hours you will have the money available.
The requirements to collect the January 10th payment are two:
- To have been born between the 1st and 10th of any month. The month of birth does not matter, as well as the year of birth. Only the exact day matters.
- Have a Social Security benefit since after 1997. Beneficiaries prior to that year will always collect on a different day.
In addition to that, the method of collection is also key to knowing the day we have the money available. If our retirement check goes through Direct Deposit, the money will appear immediately. If not, we will have to wait a few days to get it.
What is the maximum retirement amount and how do I get it?
The maximum Social Security retirement check is $4,873 in 2024. This amount was made possible by this year’s COLA, which was 3.2%. Still, this maximum payment is not for all citizens, but for a portion of them. It is necessary to maximize the retirement check by age to get such a high check.
For this, it is mandatory to work for 35 years with a large salary, in addition to ask for retirement at 70 years of age. This is indispensable. Otherwise, it is impossible to get it, as these are the conditions. We can retire at 62 years of age, but that will take away 30% of the check we have contributed.
Therefore, the longer we wait to apply for Social Security, the better the conditions we will get. It is not mandatory to wait until the age of 70, but it is necessary to have a good retirement age if what we want is to live the golden years in the best possible way.