One of the most important things when it comes to retiring in the United States is to know the Social Security Administration’s payment schedule. Knowing on which days the Administration will send the checks we will be able to perfectly control our economy.
Having the opportunity to know in detail everything related to the Social Security payment schedule, it makes no sense not to look at it. It is not necessary to learn each month’s calendar perfectly, but since there is a repeating pattern, we can know at all times an estimate of the day on which we will be able to collect the payment.
And thanks to this we will obtain a very big advantage, which is none other than 100% control of the money we will have available during the month. This way, if we only have Social Security as a source of income, at least we will know the day when we will be able to collect the monthly check.
Although it is not recommended to have only Social Security as a source of income, the truth is that it is more common than we may think. For that reason, since we do not have any extra income, we should check the payment schedule carefully.
WHO RECEIVES THE NEW SOCIAL SECURITY PAYMENT NEXT WEEK?
The truth is that Social Security beneficiaries with a birthday between the 11th and the 20th receive the payment next November 15th. But not all beneficiaries with a birthday between those two days. One more requirement must be met in order to get the payment for this day.
Thus, it is also mandatory to have the check from after 1997. In this way, the beneficiary will get the payment of the 15th of November without any problems. Therefore, we can already mark in the calendar the payment of this day if we meet the requirements to receive it.
The rest of the retirees will collect their check on a different day than this one, so there is nothing to worry about. But it is true that the Administration has already sent out several Social Security payments today, so it is possible that our payment is already on its way.
ONE MORE RETIREMENT PAYMENT IN NOVEMBER 2023
After the November 15th payment the Social Security Administration will pay another check on November 22nd. However, this check will arrive for a different group of beneficiaries.
If we want to collect this last payment of the month we will need to have a post-1997 benefit, just as with the November 15th check. But there is a different requirement to collect the payment on this day.
The other requirement is to have a birthday between the 21st and 31st of the month. These characteristics make us belong to the fourth and last group of Social Security beneficiaries who receive their benefit during the month.