In any of the United States you can find out which day you will collect your Social Security benefit. This is because the timing is done on a nationwide basis, so all American citizens have the same opportunities. Not counting some occasional delays, Americans receive their pension on the same days no matter what city they live in.
On top of that, it doesn’t matter if your Social Security benefit maxes out at $4,194 a month or less. The really important piece of information when it comes to knowing your pension payment day is your date of birth. Also, if you don’t receive your benefit on this next payment, don’t worry. There are several more SSA payment days. Therefore, you can receive your payment in the following weeks.
This is the first of three Social Security pension payments in October. The remaining payments will be made on the following Wednesdays. The 12th day of October is the first payment. After that, SSA will send out retirement or disability payments on the third and fourth Wednesdays. Therefore, the pension payment days in October are the 12th, 19th and 26th.
Receive up to $4,194 in Social Security benefits.
As we have previously discussed, the maximum Social Security payment is $4,194. This payment can be reached, but it is not for all pensioners. Reaching this figure requires a series of steps to be taken before starting to collect the retirement pension. In the disability section, it is impossible to reach this high number.
The only requirement you have to meet to receive your pension money on the next date is to have your birthday between the 1st and 10th of the month. This means, therefore, that you can receive the check for up to $4,194, if that is the amount you are entitled to. If you should receive less money, you will still get the check on that day if you meet the one requirement. So expect to receive your money on the 12th of October.
Maximize your pension
You may very well still have time to maximize your pension for your retirement. To do so, you need to follow three basic rules that will help you almost reach the maximum of $4,194 per month. Follow these tips to maximize your retirement pension:
- Work for 35 years. Each year worked below this figure will add $0 to your average pension. Therefore, your monthly check will go way down.
- Have a good salary. The higher the salary, the higher the taxes. Paying more taxes is how you get a good Social Security benefit in retirement.
- Don’t retire early. If you start collecting Social Security at age 62 you may have a much lower benefit. The ideal age to apply for retirement is 67. However, each case is individual and you should do what is best for you.
With these three tips you will have a much higher Social Security. If you can’t follow all three, at least try to maximize one of them so that your golden years will have the biggest paycheck possible.