In the United States, being a senior and collecting a monthly check from the Social Security Administration has a number of advantages. Among those great advantages, the biggest one is that you know exactly when you will receive your check amount. In addition to that, it is also important to know that month by month we will know exactly how much money we will receive. In some cases it may be insufficient. But even so it is always advisable not to rely one hundred percent on Social Security benefits. If we have another source of income, our economy will be much better. However, many retirees do not have the ability to do this, so SSA payments become their only source of income.
When determining who will receive this next Social Security payment only the date of birth is taken into account. To be more exact, what really matters is the day on which the beneficiary was born. Therefore, it doesn’t matter whether your benefit is retirement or disability. The only thing that is important in determining which day of the month you will collect the benefit is your birthday. The next payment from Social Security is on the 26th day of October. This is the last payment for this month and will be received by beneficiaries born between the 21st and 31st of the month.
There is no other rule that determines who will directly receive this payment. Therefore, we have to keep in mind that the date of birth is the only way to know if we will receive Social Security soon or not. On the other hand, if you have not yet received your benefit and your birthday is not between these two days, there may be problems with your check. Your bank may have held your money or you may have problems with your bank account. SSA always sends benefits on time, so check with your bank to make sure you have no problems.
Who will receive the next Social Security benefit?
As we mentioned earlier, the only data that really matters to know whether or not you will receive Social Security benefits in the near future is your date of birth. In this sense, it doesn’t matter if your benefit is disability or retirement age. Anyone with an accepted benefit who was born between the 21st and 31st of the month will get their check next October 26th.
Also remember that it can take up to 3 days for the money to show up in your bank account unless you have Direct Deposit activated. So if you do not see the money immediately, wait a few days before claiming your check from the Social Security Administration.