In order to follow the Social Security payment schedule we only need to know the days on which the United States Administration sends out checks. These days are always on the second, third and fourth Wednesday of the month. Each retiree collects Social Security on a different day depending on his or her date of birth.
For that reason, it is very easy to know which group of retirees will receive their Social Security check today. Simply knowing the day of their birthday is enough. Last week, pensioners born between the 1st and 10th of the month received their retirement or disability benefits.
Today, it is the turn of the next group. Thus, pensioners born between the 11th and 20th of the month will be entitled to receive their retirement benefit today. Social Security sends it out today, but that doesn’t mean retirees will have a check in their pocket today.
Who gets their Social Security check today?
Two basic requirements must be met in order to receive your Social Security check today.
- Date of birth. The retiree who receives today’s check is the one whose birthday falls between the 11th and 20th of the month. This is the requirement for the Administration to send you a check today.
- Method of payment. It is essential to activate Direct Deposit to receive your Social Security check as soon as possible. The date of birth is important in determining the day of mailing, but the method of collection will determine when the money will reach your pocket.
And it doesn’t matter what type of benefit we have. If it is for retirement due to age or some type of disability, the day of payment is the same. The only thing that differentiates one day from another is the date of birth.
Maximizing your monthly retirement cheque
In order to get the maximum check of $4,558 per month, we must take into account three fundamental aspects. The first of these is retirement. If we apply for retirement at the age of 62, we will lose 30% of the money we have contributed. That is why it is important to delay retirement as much as possible.
In addition to the retirement age, which is determinant to have a good monthly check from Social Security, the years worked are also important. We should try to work at least 35 years before applying for retirement. In addition, salary is also a very important factor. The higher the salary, the higher the benefit in the future.