Social Security beneficiaries in the United States are in luck, at least a large portion of them. In just 4 days many could receive the first of the October benefit payments. This payment will be made next week and will be for a specific group of Social Security recipients.
If you meet the only requirement set by the Social Security Administration to collect your benefit on October 12th, you will have it in your bank account the same day. This is great news that many U.S. citizens have been waiting for a long time. With this new SSA check payment, retirees can pay their bills, rent and all the expenses they have.
That is why it is so important for many U.S. citizens. A large part of pensioners have only this source of income, even though it is not recommended. Still, you can easily check whether you will receive the new payment in the following week. Will you have the money in your account next week?
Who collects the next Social Security benefit?
The next payment from the Social Security Administration will be on October 12th and will only go to the bank accounts of some beneficiaries. To find out if you will receive this payment, you only need to meet one requirement. This requirement is to be born between the 1st and 10th of the month. If you meet this requirement, you will have the money to be able to use it for your monthly expenses.
If you were not born on these days, don’t worry. Your Social Security will arrive on the third or fourth Wednesday of the month. This type of benefit is always sent to beneficiaries on different days, depending on the day of birth. So you will soon have your payment, regardless of your birthday. In October, people born between the 11th and 20th of the month will receive Social Security on the 19th. On the other hand, people born between the 21st and 31st of October will receive their benefits on the 26th.
What is the maximum Social Security benefit in 2022?
Within the Social Security Administration benefits, we can find different categories. Each of these categories has a maximum payment in 2022. If we talk about the retirement pension payment, the maximum is $4,194. This maximum amount will increase in the year 2023 due to inflation and COLA.
Anyway, it is good to know that in order to get this high figure we should plan our retirement well. It is very important to choose the best retirement age. In addition to this, it is also mandatory to work for 35 years with a high salary. You may not be able to reach the maximum benefit, but with these tips you could have a monthly check very close to that number.