The Social Security Administration has an established schedule for United States benefit payments. Thanks to this schedule, any retiree, whether retired due to age or disability, knows what day they will get their subsidy money. This makes it possible for seniors to effectively organize their household finances. This news is very good news. Especially for all those whose source of income is the Social Security benefit, without any kind of separate salary. While it is true that it is not advisable to rely solely on retirement benefits, many seniors have no other option.
Thus, any type of financial benefit is always welcome. On top of that, if the Social Security Administration announces well in advance when it will send the money, the situation is even better. Therefore, retirees only have to check the calendar to see when the next payment is due. On top of all this, seniors only need to meet one requirement in order to collect the subsidy. This requirement is related to the date of birth.
Each week of the month Social Security sends the money to a different group of retirees. Each group is selected by their birthday. Thus, retirees born between the 1st and 10th collect one day. Another day is for retirees born between the 11th and 20th, and finally, the SSA sends the last payment of the month to those born between the 21st and 31st. This is a very efficient way to send the money to all retirees in a staggered manner to avoid crowded payments. Just by knowing your date of birth, you know on which day of the month you will receive Social Security.
Who collects the next October Social Security?
Next October 26th is the last day that the Social Security Administration sends out retirement money. But this day is only for the last of the above mentioned groups. Therefore, to collect the benefit you must be a retiree with a birthday between the 21st and 31st of the month. It does not matter if you are retired due to retirement age or disability.
If you were not born between these days, your benefit is sent the second or third week of the month. Therefore, you should already have the check with the amount in your bank account. If not, check with your local bank office to see if there is a problem. Occasionally, the bank may withhold benefit money for a variety of reasons. In the event that your bank does not provide you with Social Security benefits, contact your local SSA office for assistance with any questions or problems related to your retirement.