If you are waiting for your retirement check in February, get a calendar that explains the important dates announced by the SSA. Yes, there are people who can earn up to $5,108 per month if they use a few tricks. Would you like to know how? Make yourself at ease and continue reading; I’ll give you the full scoop right here.
Every month, this agency distributes money to over 70 million people for retirement, disability assistance (SSDI), and extra support (SSI). Obviously, not everyone receives it on the same day. They are organized into groups based on your birthday.
The secret to getting more from Social Security
How did the $5,108 figure come about? It’s not luck; here are some pointers that everyone should know if they want to have more than enough money to live a good life after leaving the workforce.
To begin with, DO NOT retire early: if you live until you are 70, your payment will increase like bread in the oven. Retiring before your official age (FRA) reduces the amount.
Look for good salaries for enough years. The SSA considers your 35 years of experience to be worth more money. If you have a high salary (approximately $168,000 per year by 2025), you are very likely to earn $5,000 or more per month.
Hurry up with work credits: You need a minimum of 40 (that is, 10 years of contributions), but if you can, add more years of good income to get closer to the retirement jackpot.
Key dates in February: When does your retirement payment fall?
Like every month, the date your money falls It depends on your birthday, and they are paid on the second, third, and fourth Wednesday, according to this list:
- From the 1st to the 10th of any month: your payment date is February 12.
- From the 11th to the 20th of any month: Your day is February 19.
- From the 21st to the 31st of any month: To be celebrated on February 26.
SSI recipients have other payment dates
Supplemental Security Income (SSI) recipients are usually paid on the first of each month, but in February, they were surprised because the first fell on a Saturday, so they were paid on January 31st. And be aware that the same thing occurs in March: they are deposited on February 28. Then we must wait until April 1.
Those who receive Social Security retirement payments and SSI allotments at the same time are paid on the third and the first, respectively. The same is true if you received Social Security before May 1997.
