The United States benefit payment schedule is now published. Thanks to this calendar, all 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 get depends on your maximum wage during your time as an American worker.
Not only that, but years worked, retirement age and other factors also play a role. To get the $3,808 benefit, you must have applied for Social Security at Full Retirement Age, that is, at age 67. This is the only way to reach this monthly cash figure. More time worked means a better retirement benefit.
In addition to that, you can also look for extra money from other sources of income. However, you have to be careful about the number of hours you work if you don’t want to pay taxes. You can also sell things you don’t need anymore, move into a smaller house, and even sell your car.
Most importantly, you’re in a stable situation where you don’t have anything you don’t need. If you are struggling to make a living solely on Social Security, you simply have to look for possible solutions through an external source of income. It is a good idea to speak to an attorney or advisor to avoid any tax problems related to the extra income.
Social Security for those born 1st-10th
Social Security retirees born on these dates receive the money on the second Wednesday of the month. Therefore, on the 13th of the month, the second Wednesday in December, all beneficiaries who receive a check will receive a check with the available money.
Other retirees will have to wait a while until they receive their monthly amount. To be more precise, the third and fourth Wednesday of the month are the days when they will receive their pension. The total December schedule for SSI payments is as follows:
- December 1 and 29. On this date, the Social Security Administration will send your Supplemental Security Income income. This is an allowance intended for a specific group of retirees.
- December 13. The SSA will send retirement or disability benefits to retirees born between days 1 and 10.
- December 20th. On this day, Social Security users born between the 11th and 20th of the month.
- December 27. Payments to retirees who were born between the 21st and 31st holidays on this day.
In any case, remember that 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 is taking a long time for the money to reach your pocket, contact your bank first and then SSA if your bank has not provided you with a solution.
In addition, by next year 2024, pensions may increase by an average of $120 in payments. This will at no time influence the dates when Social Security sends benefits. Despite this, you also have to take into account the taxes that may increase. You should always keep a close eye on these types of increases to avoid unpleasant surprises.