A specific group of United States retirees will have the opportunity to get a new Social Security check in days. This check will include an extra 2024 COLA that will provide a little extra money over previous years’ benefits.
In the event that we are part of this group, the Social Security Administration will be able to pay us this check within just a few days. If not, there is nothing to worry about, as the payment will still arrive in our checking account.
Regardless of which group of retirees we belong to, the payment will still arrive during the month. The important thing in these cases is to have the check accepted. If we have it accepted, the payment will appear in our checking account on the assigned day.
So, what we need to know is that if we are a Social Security retiree, our benefit check will arrive every month. It doesn’t matter what type of retirement or what group of retirees we belong to. The important thing is to have your check accepted in advance.
Next Social Security payment for retirees
Those retirees who have a Social Security benefit will be able to get their new retirement payment in just a few days. This new payment will arrive on March 13th. Well, the truth is that the Administration will send the payment on that day. Whether or not we get it on the same day will depend on whether we meet another requirement.
To be part of the group that will collect the payment on March 13th we need to fulfill two requirements. On the one hand, it is mandatory to have a birthday between the 1st and 10th of the month. On the other hand, it is also necessary to have been receiving the benefit since after 1997.
This is the only way to be part of group 2 of retirees. But to this we must add something very important. And it is that depending on the collection method we will find ourselves with the check earlier or later.
The payment, with an extra of about $160 on average after including the 2024 COLA, will arrive immediately if we activate Direct Deposit. This collection method is the fastest. Because it is instantaneous, the Social Security payment will reach all retirees with it active.