The organization of the Social Security Administration in the United States of America makes life easier for many of the seniors who collect their retirement benefit. Many of these seniors have no other source of income, so the subsidy is the only money they receive each month. That is why it is so important to be aware of the schedule and to be able to organize the family finances. The best thing about this type of payment is that it is always on time. So find out if you will receive your monthly benefit today, since the Social Security Administration sends it to a certain group of retirees.
In this sense, it doesn’t matter if you have retired on disability or on age. What is really important in this case is the day of your birthday. If your birthday is between the 11th and 20th of the month, the benefit money will be available to you today. This will be the case if you have activated Direct Deposit, a system whereby you automatically receive the benefit money. Otherwise, it can take up to 3 days for the money to reach your bank account. Even so, there are times when it may take a little longer to appear, but 3 days is the average in these cases.
To all this we must add that this day is not the only Social Security payment day in October. Last October 12th was the first SSA payment, pertaining to people born between the 1st and 10th of the month. In addition to this, next week will be the day for the payment of the amount to those born between the 21st and 31st of the month. This day will be October 26th and will close the Social Security calendar for this month.
Getting the maximum Social Security check
If you are thinking of retiring and want to know how to get the maximum Social Security check, pay attention to these tips:
- Retirement age. If you delay your retirement age, you will get a higher benefit. At 62 you can apply for the benefit, but it is not advisable because you lose part of it. The ideal is to retire at 67 years of age, since this way you get 100% of the money contributed.
- Years worked. You must work at least 10 years to apply for retirement, but to have a good Social Security it is better to work more years. The ideal is 35 years.
- Have a high salary. The higher your salary as a worker, the more taxes you will pay. Your Social Security will depend directly on those taxes, so contribute as much as you can while you are working.
In 2022, the maximum Social Security benefit is $4,194 per month, although it is true that not everyone can receive this high benefit. Still, with these tips you can maximize it for a more comfortable and enjoyable retirement.