Americans who have not yet received their United States Social Security payment for the month of January may get this new check in the coming weeks. Since the retirement payment schedule is already available, it is possible to know the exact day on which each of the groups is paid.
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 retirement money if we fulfill the requirements to collect it in the next days. Before the end of January, the Social Security Administration will have sent four checks to retirees.
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But remember, each retiree can cash one check per month. It is not possible to get double checks. It is possible to cash another check, but only if we have a different benefit accepted. In short, if you have already received your check in January, you will not be able to get it until February, but if you have not received it yet, you will have to wait a short time to have it available, since Social Security will send it very soon.
Schedule of remaining Social Security payments in January
The first of the January Social Security payments was on the 3rd of the month. On this day, pre-1997 retirees got their benefit. The remaining retirees, i.e., post-1997 beneficiaries, will get their retirement payments in the next few weeks.
These are the paydays during January:
- January 1st. Since January is a holiday, the extra social security benefits associated with it were distributed to beneficiaries on December 29th.
- January 3rd. Those who had a Social Security card before 1997 will continue to receive this benefit.
- 10. January. The payment for retirees whose birthdays are between the 1st and 10th of every month following 1997.
- 17th January. To receive this payment, a person must have a birthday that is between 11 and 20 years old, and a social security check must be submitted after 1997.
- January 24th. The final payment of the month. Pensioners that were born after 1997 and whose birthdays are between January 21st and 31st will receive this date.
If you meet these two requirements, you already know on which day of the month you will be able to enjoy the benefit. Even so, these are the days that the Social Security Administration sends the payment. In order to get the check immediately, we must activate Direct Deposit. If not, we will still get the money, but a few days later.
How can I maximize my retirement check?
In order to get the maximum check from Social Security we have 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 have not yet asked for a retirement check, we must take these three aspects into account. In order to get a good amount, without having to maximize the monthly payment to the maximum, we must work for 35 years with a good salary. Likewise, it is also mandatory to apply for the benefit at age 70.
Although the minimum age to apply for Social Security is 62, the truth is that doing so at that age is a mistake. This will cause us to lose 30% of the money we have contributed. If we retire at age 67 we will get a check for 100% of the money we have contributed, and if we apply for it at age 70 we will get extra money for each year we have missed since age 67.