The Social Security Administration sends United States retirees a large number of checks every month. These checks are nothing more than retirement benefits, either disability or age-based. The maximum amount of these benefits depends largely on the individual’s work history.
The maximum check is $4,555, but that does not mean that all retirees will get the same money. The amount will depend on the mix of years worked, salary while working and retirement age.
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The remittance of Social Security retirement payments does not depend on the type of retirement, but on other personal information. If a retiree receives an age benefit, he or she can collect on the same day as a disability retiree. The only thing they have to coincide is the birthday.
Which 70-year-old retirees receive the next Social Security check?
Only retirees born between the 21st and 31st of the month can receive the next Social Security benefit. In addition to this requirement, one other requirement must be met, and that is the date of retirement.
For pre-1997 retirees, the Social Security Administration has a different day on the payment schedule. Thus, retirees prior to that year always receive their benefits on the 3rd day of the month.
The rest of the retirees will receive their payments on the following days, being the second, third and fourth Wednesdays these payment days. The exact payment day will depend on the date of birth of each retiree.
How can I receive my pension quickly?
The best method to receive your pension quickly is to activate Direct Deposit. With this collection method, beneficiaries receive the money from the check at the same time it is sent by the Social Security Administration.
Thanks to this collection method, when Social Security sends checks of up to $4,555 to retirees in their 70s, they don’t have to wait a day to receive it.
If we do not activate Direct Deposit, we have the option of receiving the money by bank deposit. This money can take up to 3 days to arrive by this method of payment.