Each new month that begins means that United States Social Security beneficiaries will be collecting a new check. And whether they get this payment sooner or later depends on which group they belong to. In total, the Administration has four different groups of retirees.
Belonging to one group or another will depend on certain personal information. In this sense, both the day of the retiree’s birthday and the day of the retirement application are the key elements to belong to one group or another. Of course, anyone who has a Social Security check will get it every month without any problems.
So whether you belong to group 3 or 4, you will be able to collect the new payment every month. The only difference will be that you will get the payment sooner or you will get it later. All in all, the difference between the first payment and the last payment can be large, but with a little organization, belonging to Social Security group 4 should not cause financial problems in your household.
Who gets Social Security in two weeks?
Group 1 retirees should already have a Social Security check in their checking account. Well, this is true at least for those retirees who have activated Direct Deposit as a collection method. Without a doubt, this method is the fastest of all.
However, the next group to collect will be group 2 and this group will have the new payment in just a few weeks. In order to belong to this group we have to fulfill two requirements. Remember that it is not possible to change the group we belong to. Therefore, if we always collected in the second group, this month will not be different from that.
The requirements are on the one hand to be between the 1st and the 10th of the month. On the other hand, to have a benefit since after May 1997. The month of May is also included, so if you requested your retirement at that time, Social Security includes you in group 2.
Knowing this, you can mark on the calendar the 13th day of March 2024. This day will be key for the aforementioned group, as the Social Security Administration will send out the new check for up to $4,873.
What is the fastest method to receive the Social Security check?
There are two main methods for getting Social Security payments. One of these methods is faster than the other. What’s more, this method is instantaneous and makes retirement checks appear immediately.
This collection method is Direct Deposit. Getting payment on the same day of mailing is possible if we choose this collection method. Otherwise, it may take up to three days for the money to appear.
Regardless of the collection method we choose we will have the money in our current account. The only difference is whether the Social Security check arrives sooner or later. And by choosing Direct Deposit we can control this.