Receiving a new Social Security check each month is undoubtedly a financial relief for thousands of United States citizens, This type of benefits can be as much as $4,873, which makes a retiree can have a large amount of money each month. While it is true that not all Americans get such a check, it is also true that the maximum check is possible.
Also, the day of collection may change slightly from month to month. For that reason, it is advisable to check your Social Security collection day each month. The good news is that the SSA announces well in advance when we can get a check. There are a total of four different groups of retirees and we may get the payment earlier or later depending on which group we belong to.
Who gets the new Social Security?
Only retirees in group 4 will get the new Social Security payment. This group of retirees has certain conditions. If we meet them, we are in. If not, the money will appear on a totally different day. All of this means that we can collect in each month a little earlier or a little later. Be that as it may, it is also key to keep in mind that citizens with a retirement payment collect each month regardless of which group of retirees they belong to.
In the case of wanting to collect on August 28th, which will be the last retirement payment for the entire month, we must meet two requirements. On the one hand, it is mandatory to have the retirement benefit accepted after May 1997. On the other hand, it is also essential to have a birthday between the 21st and 31st of any month. If we are not in this group, it is possible that we will have to claim the back payment for August, since Social Security will no longer send it.
Can I change my Social Security collection day?
The truth is that the moment we start collecting a Social Security check it is not possible to change the day we get the money each month. The reason for this is very simple: the information that causes us to get the money on one payment day or another is personal information. And since we cannot change this personal information we cannot change the collection day.
On the one hand, the year of retirement is key to determine to which group of retirees we belong. On the other hand, the birthday is also fundamental to know when we will get our payment each month. Both data cannot be changed, so each month we will get our payment on approximately the same day. So make sure you know the payment calendar well in order to mark the day on which you will have the money available.