According to, As Hurricane Milton moves through Florida, some seniors may be concerned about how their mortgage payments will be affected. The Social Security payments will reach handfuls of seniors next week, but those who did not choose direct deposit could have their payments affected as a result of the hurricane, which is expected to affect much of Florida.
Much of the beneficiaries have selected direct deposit as their way to receive payment of Social Security, but for those who usually receive a check and live in the area affected by the hurricane, the Administration of Social Security has advice on how to secure your payments. “The good news is that since most seniors choose to receive their checks from Social Security through direct deposit, there should be no delay in most receiving their benefits in the coming weeks,” said Alex Beene, a financial education instructor at the University of Tennessee at Martin.
Who Continues to Receive Social Security Payments?
To all beneficiaries of the Social Security They are paid directly to bank accounts for the Administration of the Social Security (SSA), and tens of millions of beneficiaries they count your money every month. On Tuesday, October 1, the first payment shipment was made to those who have the benefit of Income Security Supplementary (SSI). He SSI helps with payments to adults and children with disabilities or blindness, as well as adults age 65 or older with incomes of retirement which may not be sufficient to cover your needs.
The next round of payments will be made on October 16 for beneficiaries of the Social Security who have birthdays between the 11th and 20th of any month. The SSA always recommends waiting at least three business days before contacting them if your payment has not arrived by the due date.
The Dates of the Social Security Payments Depend on the Recipient’s Birthday
On Wednesday, October 9, the beneficiaries who have birthdays between the 1st and 10th of the month received their due payments. The next to receive their payments will be those with birthdays between the 11th and the 20th, they will see their payments on October 16th. Those born between the 21st and the 31st will be receiving their checks from the benefits on October 23.
However, if you made the request for Social Security Before May 1997, your payments arrived from the first week of the month, October 3rd. And everyone who receives Supplemental Security Income receives their payment on the first day of the month.
What Is the Expected Increase for Social Security in 2025, Learn About Some Predictions
He COLA final for the year 2025 will be determined in just a few days, in the month of October, and the projections that have been made lately have marked a significant gap between inflation and the proposed adjustment, there have been some discussions about the latest projections for the Adjustment of the Cost of Life of the Social Security (COLA) by 2025, and how cooling inflation could affect it.
With the publication of new data regarding inflation, a revision of the estimates for the COLA next year, and it is important to understand what this means for the beneficiaries. Seeing the data of what it will look like COLA for next year, we already know, COLA It is a really important number for all those people retired, and as has been talked about in the past, this is a moving target, as these are all just estimates.
