There are many different types of Social Security beneficiaries in the United States. On the one hand, we have age pensioners. On the other hand, there are disability retirees. As far as age is concerned, retirees can have a retirement age at 62, 67 or 70 years of age. It is not mandatory to apply for retirement at that age, but it is common and the most convenient, especially if we have a good organization and a good retirement plan.
On the other hand, disability benefitalso depends on many other factors. It is also good to remember that these two benefits are not compatible, so if we are entitled to any of them we must choose the best one for us.
In this sense, it does not matter which type of benefit we have when it comes to collecting it. The payment days for both disability and retirement age benefits are the same. The only important fact in these cases is the day of birth. Depending on your birthday, the Social Security Administration will send your disability or retirement benefit on one Wednesday or another. Payments are always sent on the second, third and fourth Wednesday of the month, regardless of which day it is. The first payment in November is on the 9th, since that is the second Wednesday of the month.
Thus, following the payment schedule is really easy. The second payment, pertaining to beneficiaries born between the 11th and 20th, is on the third Wednesday of the month. In November this means it will be on the 16th. Finally, the 23rd day of November is the day destined for payments for the third group of retirees. This third group is composed of those born between the 21st and 31st of the month. This is the best way to know when we will receive any of the Social Security payments.
How to receive Social Security payments faster?
One of the most common ways to receive payments from the Social Security Administration is through the bank account. This method is convenient because almost everyone has the opportunity to receive it. Banks allow you to open an account with little or no interest. But it is not the only way and, of course, it is not the fastest.
If you want to get the money directly on the same day that the Social Security sends it, you should activate Direct Deposit. Through this payment method you can have immediate access. In addition, you do not need a bank account to use it and you can pay as if it were a normal debit card.