Retiree payments are distributed by the Social Security Administration (SSA) with a scheme based on the beneficiaries’ dates of birth. In this month of January there are three deposit dates: 15, 22 and 31the latter for those who apply for Supplemental Security Income (SSI).
By establishing a payment schedule, the SSA guarantees that each retiree receives their money without setbacks, adjusting to the situation of each case. Generally, retirement applicants tend to make mistakes, but here we detail them so you can avoid them.
Retirees who will receive the payment of $2,000 this January 15
According to the SSA website, January 15 payments are intended for beneficiaries born between the 1st and 10th of any monthwith $2,000 dollars being the average amount after cost of living adjustment (COLA).
Next, On Wednesday, January 22, retirees who were born between the 21st and 31st of any month will receive their Social Security payment.
And on Friday, January 31, the payment corresponding to February 1 is advanced for beneficiaries of Supplemental Security Income. The average amount is $967 dollars per person.
It is worth remembering that each retiree’s payment depends on their contribution history and the age at which they decided to apply for the benefit. From there, the SSA calculates the monthly deposits.
Although you can retire from the age of 62, this implies that the amounts are lower, so It is advisable to wait until reaching full or complete retirement age..
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