Americans who have not yet received theirs United States Social Security payment for the month of January may receive this new check in the coming weeks. Since the retirement payout schedule is now available, it is possible to know the exact day that each of the groups is paid out.
Regardless of which group we belong to, we will be able to cash one of these checks. So sooner or later we will be able to enjoy the pension money if we meet the requirements to collect it in the coming days. Before the end of January, Social Security Administration will send four checks to retirees.
But remember, each retiree can cash one check per month. It is not possible to receive duplicate checks. It is possible to cash another check but only if we have accepted a different benefit. In short, if you already received your check in January, you won’t be able to receive it until February, but if you haven’t received it yet, you will have to wait a little while to receive it, because Social security will send it very soon.
Schedule of remaining Social Security benefits in January
January first Social security payments it was on the 3rd of the month. On this day, those who retired before 1997 received their allowance. The remaining pensioners, i.e. post-1997 beneficiaries will receive their pension payments in the next few weeks.
The exact days for these payments will be:
- January 10. Payments for pensioners with a birthday between the 1st and 10th of the month and a check after 1997.
- January 17. Payments for pensioners with a birthday between the 11th and 20th of the month and a check after 1997.
- January 24. Payments for pensioners with a birthday between the 21st and 31st of the month and a check after 1997.
If you meet these two requirements, you already know on which day of the month you will be able to take advantage of the benefit. However, these are the days when Social Security Administration sends the payment. To receive the check immediately, we must activate Direct Deposit. If not, we will still get the money, but after a few days.
How can I maximize my retirement check?
To get the maximum check from Social security we need to maximize three different aspects. On the one hand, the retirement age. On the other hand the salary as a worker and finally the years worked. The final check will depend on these three aspects.
If we haven’t already claimed a retirement check, we need to consider these three aspects. To get a good amount without having to max out the monthly contribution to the maximum, we need to work for 35 years with a good salary. Similarly, it is mandatory to apply for the benefit at the age of 70.
Although the minimum age to apply Social security is 62, the truth is that at this age it is a mistake. This will result in a loss of 30% of the money we deposited. If we retire at age 67, we’ll get a check for 100% of the money we contributed, and if we apply for it at age 70, we’ll get extra money for every year we miss after age 67.