The day of the retiree’s birthday determines the day on which he or she will receive the Social Security check. This is always the case in every state in the United States. It does not matter what city a senior lives in to know the date they will receive their benefit money. In these cases, the only important information is the day of birth.
In this regard, to know the exact day on which the Social Security Administration will send a check to a retiree, you have to look at the calendar carefully. Wednesdays are always pension payment days, but not every Wednesday. The 2nd, 3rd and 4th Wednesdays of the month are the days on which the SSA sends the check to pensioners. And it also does not affect the type of retirement the person in question has.
Being born between the 21st and 31st of the month has an advantage over other retirees. However, it also has a disadvantage, although it is not excessively large. Still, it is good to know all the details in these cases to get the most out of your monthly Social Security benefit.
Pros and cons of having Social Security and being born between the 21st and 31st birthdays
The advantages and disadvantages in this case are very similar to the pros and cons of being born in any of the other groups. Although it is true that they are not exactly the same. To know the advantages of having Social Security and being born between the 21st and 31st , we have to know the schedule of payments.
Advantages
- Cost control. The basic advantage of receiving payment on the 4th Wednesday of the month is that we can control spending very well.
- SSI. By receiving the payment very close to the SSI we can have a good amount of money immediately. Remember that SSI is always on the 1st of each month, with some exceptions.
Disadvantage
- Bills. If the bills are around the beginning of the month or in the middle of the month, we may have problems. Still, with good planning we should be able to pay all bills with the Social Security check.
Other than this disadvantage there are no other notable disadvantages to being in the last group that Social Security sends the check to. But we have to think very well the day we will receive it and plan the whole month. Economic planning is fundamental to have prosperity at home and not to get into financial problems.