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Social Security Can Only Be Collected if You Are on This List



Social Security Can Only Be Collected if You Are on This List

Social Security Can Only Be Collected if You Are on This List.The U.S. Social Security payment schedule is methodically structured, allowing us to predict who will receive the final check in August. Following this, the next pension payment will be in September, but not all Americans will be beneficiaries. The specific day of payment is influenced by various factors.

Social Security Can Only Be Collected if You Are on This List

Two primary determinants are the individual’s birth date and their retirement year. Typically, these are the only details needed to pinpoint the exact day one will receive their Social Security payment each month. However, if ever in doubt, one can always refer to the official calendar.

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Payments are disbursed on four distinct days, categorizing retirees into four groups. But, broadly speaking, these four can be divided into two main groups. One group receives their payment on a single designated day, while the other group’s payment day varies among the remaining three days. Which category do you fall into?

Criteria for the Upcoming Social Security Payment

There are two overarching groups of retirees:

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  1. Pre-1997 Retirees: Beneficiaries who started receiving Social Security before 1997 consistently get their payment on the 3rd day of each month, barring a few exceptions.
  2. Post-1997 Retirees: This group is further segmented into three based on their birth dates:
    • Born between the 1st and 10th: Payment on the 2nd Wednesday of the month.
    • Born between the 11th and 20th: Payment on the 3rd Wednesday of the month.
    • Born between the 21st and 31st: Payment on the 4th Wednesday of the month.

For August, the focus is on the 4th Wednesday, which falls on the 23rd. Thus, only post-1997 beneficiaries born between the 21st and 31st will receive their check on this day.

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If you don’t fit this criterion, expect your next Social Security payment in September. The September schedule includes payments on the 1st, 14th, 20th, and 27th. The exact day for each retiree will depend on the previously mentioned factors.

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