The Benefit Payment Schedule in the United States it is now published. Thanks to this calendar everyone Social security beneficiaries know when they will receive their benefits. In this way, they can plan their financial situation to avoid problems in the long and short term. The benefit you receive depends on your maximum salary during the time you are an employee American worker.
Not only that, but years of work, retirement age and other factors also play a role. To receive $3,808 benefityou must have applied for Social security at Full retirement age, i.e. aged 67. This is the only way to reach this monthly cash amount. More time worked means better retirement benefit.
In addition to this, you can also search extra money from others sources of income. However, you should be careful about the number of hours you work if you don’t want to pay taxes. You can also sell things you no longer need, move to a smaller house and even sell your car.
The most important thing is that you are in a stable situation where you don’t have anything you don’t need. If you are struggling to make a living from just Social security, you just need to look for possible solutions through an external source of income. It is it’s a good idea to talk to a lawyer or an advisor to avoid any tax issues related to the additional income.
Social Security for those born 1st-10th
Social security retirees born on these dates receive the money of second Wednesday of the month. Therefore, on 13th of the monththe second Wednesday in December, all beneficiaries who receive a check will receive a check with the available funds.
Other pensioners will have to wait a while until they receive their monthly amount. More precisely, the third and fourth Wednesday of the month are the days on which they will receive their pension. The general December schedule for SSI payments is as follows:
- December 1 and 29. On that date, the Social Security Administration will send your Supplemental Security Income. This is an allowance intended for a certain group of pensioners.
- December 13. SSA will send retirement or disability benefits to retirees born between 1 and 10 days.
- December 20. On this day, social security users born between the 11th and 20th of the month.
- December 27. Payments to pensioners born between 21 and 31 holidays on this day.
In any case, remember that the SSA sends payments on these days, but you may receive them later. Depending on your bank, it may take up to 3 days for the money to appear in your bank account. If it takes a long time for the money to reach your pocket, contact your bank first and then the SSA if the bank has not provided you with a solution.
In addition, from next year 2024, pensions could increase by an average of $120 in payments. This will in no way affect the dates when Social Security sends benefits. However, you also need to consider taxes that may add up. You should always keep a close eye on these types of increases to avoid unpleasant surprises.