Nothing is better for a United States retiree than the day of the month’s Social Security collection. Keeping in mind that each group of beneficiaries gets paid on a different day, the best idea is to check that payment schedule at all times.
Regardless of the type of benefit we have, whether it is SSDI or age retirement, the collection day may be the same. Likewise, it doesn’t matter how much we get, so those aspects are not really important when it comes to marking on the calendar when we will have the money available.
Retirees who get $1,600 Social Security
While it is true that knowing what time of the month it is possible to get a Social Security check ahead of time, sometimes we don’t have all the information available to us. For that reason it is necessary to take a good look at the payment schedule. Thanks to this official SSA payment calendar we will be able to find all the necessary information to mark in our calendar the day of the retirement collection.
And next August 14nth, 2024 only a specific group of Americans will have this payment in their current account. The check will come to Americans who have a Social Security benefit after May 1997. There is one extra requirement, which is having the birthday between the 1st and the 10th of any month. By just meeting these two requirements is enough. By being in this group, we will be able to get the first of our retirement checks for the entire month.
Can I increase my Social Security benefit?
The truth is that the amount of your Social Security check depends directly on your work history. The longer our work record is, the higher our benefit will be each month. Even so, it is not possible to increase your SSA retirement check once you have applied for it. Only the COLA can cause the check to increase once a year.
So before requesting the retirement payment, it is advisable to increase the check to the maximum. The maximum payment for this benefit is $4,873 for age beneficiaries and $3,822 for Disability retirees. The average payment is around $1,600, although it is true that each beneficiary has a totally different check.
If we want to increase the check before applying for retirement, we should try to retire the later the better. In this sense, if we apply for check at age 62, which is the minimum age, we will lose part of our monthly check. If we request payment at age 70, we will have accumulated enough work experience to obtain the largest possible check.
