If you are waiting for your retirement check this February, grab a calendar that explains the key dates announced by the SSA. And yes, there are people who could collect up to $5,108 a month if they apply a few tricks. Do you want to know how? Well, make yourself comfortable and keep reading, I’ll tell you the complete gossip here.
This agency distributes money to more than 70 million people every month: retirement, disability assistance (SSDI) and extra support (SSI). Of course, it does not reach everyone on the same day. They are organized by groups according to your birthday.
The secret to getting more from Social Security
How to get to that figure of $5,108? It’s not luck, here are the tips that everyone should know if they want to have more than enough income to have a good life after leaving the working world behind.
To begin with, DON’T you retire early: If you last until you are 70, your payment rises like bread in the oven. Retiring before your official age (the FRA) lowers the amount.
Try to look for good salaries for enough years: The SSA looks at your 35 years with a better salary. If you achieved high salaries (about $168,000 a year by 2025), you are very good to get that 5k+ a month.
Hurry up with work credits: You need a minimum of 40 (that is, 10 years of contributions), but for the maximum, add more years with good income and this way you will 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
Those who receive Supplemental Security Income (SSI) normally get paid on the first day of each month, but February gave them a surprise: since the 1st fell on a Saturday, they were paid on January 31st. And be careful, the same thing happens in March: they are deposited on February 28. Then we have to wait until April 1.
For those tho receive Social Security retirement payments and SSI allotments, both at the same time, Social Security is paid on the 3rd and SSI on the 1st. The same thing applies if you received Social Security before May 1997.