The timing of Social Security retirement payments makes life much easier for beneficiaries in the United States. Having a retirement payment makes it so that the American can perfectly control the day he gets his benefit check. Well, at least he has the ability and the tools to control the exact day on which he receives each check.
Thanks to the fact that the Social Security Administration announces the calendar with the day of the payments, we will always know on which day of the month it will send the benefit to each group. There are 4 groups of retirees and each of them has different characteristics. To belong to one of the groups, you only need to know the year of retirement and the day of birth.
This information makes us part of group 1, 2, 3 or 4. And each of these groups receives its retirement check on a different day of the month. The system is very simple and makes life much easier for retirees. Also, the method of collection chosen can make a big difference in the exact day we get the money.
For this reason, having the payment on one day or another will depend on this collection method. If we activate the fastest, we should have the Social Security check in our pocket by today. If not, it will arrive in the next few hours or days. Only the latter group can still get the January payment.
Which group will get their January Social Security payment soon?
As we have already mentioned, the method of collection is a key point in determining whether or not we will receive the payment in the next few hours. The Social Security Administration has already sent out all January calendar checks. So if you have Direct Deposit as your payment method, you should already have the money in your checking account.
However, those Americans who have not set up Direct Deposit will have to wait a few days to receive their benefit. In addition to not having Direct Deposit enabled, the last group of beneficiaries must meet two other requirements. These two characteristics are
- Retired after 1997.
- Have a birthday between the 21st and 31st of the month.
If these requirements are met, the retiree will receive Social Security in the next few days. It is impossible to say the exact date because if you do not activate Direct Deposit, it is uncertain when the money will be received.
When will Supplemental Security Income arrive?
Social Security’s Supplemental Security Income payment will arrive next week for each individual beneficiary who has accepted this check. This benefit always leaves the SSA office on the 1st of each month, with some exceptions.
And for the month of February, there are no exceptions, so those who have Direct Deposit enabled will be able to enjoy this extra check of up to $943 on February 1st, which is Thursday of next week.
Likewise, if a retiree also has a benefit, he or she will be able to collect his or her Social Security check on February 2. The only requirement is that you must have filed for benefits before 1997. If this is your case and you have been approved for SSI, the Administration will send you two checks next week.