In order to get one of the next Social Security checks in May we will need to meet two mandatory requirements. This is important because the United States retirement benefit is part of the regular finances of thousands of United States citizens.
Some Social Security recipients have no other monthly income, which makes it critical to know the schedule of payments. When we are so clear about the payment schedule, the organization is much simpler in terms of the money in the beneficiary’s household.
What to do to get Social Security’s next payday?
The next day’s check will arrive for group 4 beneficiaries. Social Security will send this benefit on May 22nd, as it is the fourth Wednesday of the month. Knowing this information will make it clearer to us whether we can get the payment or not.
To be eligible for this new check it is mandatory to pass two information filters. The first of these filters is to have the benefit since after May 1997. After passing this filter, it is essential to pass another filter, which is to have a birthday between the 21st and 31st of any month.
This is the only way to get this new check on May 22nd. Of course, it is also mandatory to activate Direct Deposit as a collection method. Thanks to this collection method we will be able to have the money of this benefit in our current account without having to wait even one more day to use it.
How to get a Social Security of $4,873 per month?
The truth is that 68-year-old retirees cannot get such a high check, with some exceptions. Likewise, the May 22nd payment is for retirees of this age and for all types of retirees. As meeting the two requirements named above is already enough to get the check.
Even if we do not get the payment of $4,873 per month, we can still get a high benefit as long as we maximize our possibilities. To do this, we should apply for Social Security as late as possible. In this sense, to reach the maximum amount it is necessary to wait until the age of 70 before applying for retirement.
But these two elements are not the only ones to take into account. The salary as a worker and the years worked are also important. The higher the salary, the higher the Social Security benefit during retirement. In this sense, the years worked also count, since the ideal is to work a minimum of 35 years before retiring.