Although many United States citizens think that it will be a long time before the U.S. Social Security Administration sends out a new check, the truth is that we will be able to receive a new benefit in just a few days. Not only that, but if we qualify, we can receive two different checks in the first week of February.
That is why it is so important to know not only the calendar, but also the benefits that we can get. And there are some Americans who have access to the extra Social Security payment and don’t claim it because they don’t know about it. This is key in many cases because we could be getting an extra benefit of up to $943. But that aside, let’s take a look at who’s eligible for the new retirement check.
In the first week of February, the Social Security Administration will send out two different checks, but only one is for retirees. The other payment could be for retirees, but it is not mandatory to accept it in order to get it. So let’s focus on the retiree payment, which is coming very soon and has a requirement to get it.
Who will receive the new Social Security payment?
The new Social Security payment is coming next week. This new payment is for retirees who had their check accepted before 1997. If that’s you, get ready to receive a check for $4,873 in just a few days. We already know the exact date of the payment, so you can mark your calendar.
The exact day will be February 2nd, and only beneficiaries who meet the above requirements will be able to access the check. However, there is no other type of requirement as there is with the post-1997 retirees. This other group of retirees is also required to have a birthday between certain dates. But these beneficiaries, the post-1997 retirees, will receive their payments on a different day.
In summary, if your benefit is prior to 1997, you will be able to cash your check on February 2, which means you will have the money in your bank account in less than a week, although in order to get the payment as soon as possible, we will need to activate Direct Deposit. This is the fastest method of payment and ensures that you receive your retirement benefit as soon as it is sent by Social Security.
How do I get two payments in the first week of February?
If we meet one more requirement, we will get another payment in the first week of February. This is on the 1st of the month, one day before the Social Security check for pre-1997 retirees. This payment is for Supplemental Security Income recipients only.
So if you have accepted this benefit, you could get a payment of up to an additional $943 before you get your retirement payment. This payment will be made in just a few days, so you could have a pretty substantial cash infusion in the first week of February.
In the case of being able to get Supplemental Security Income and Social Security in the same week, we will get a lot of money, but we could also get just the SSI and retirement check in another week of the month. If we qualify, we will get both payments. If we don’t qualify, we may still get them, but on different days.