People who are retired are looking forward to their next Social Security payouts. However, they can only get them if they meet certain requirements, such as having a valid birth certificate and an approval date. To make sure you get your money on time, you need to know these things.
People who want to get Social Security on August 14, 2024, must have been born before the 11th of any month and have been approved by Social Security. But people who started getting benefits before May 1997 or who were on SSI at that time will not be able to get any more payouts or direct deposits in August.
August 21 Payment
If your birthday is between the 11th and 20th of any month, you will get your Social Security payment on August 21. To be eligible for this amount, you must have started getting benefits after April 30, 1997. If your payment is late or missing, you should wait three mailing days before telling the Social Security Administration. This is because sometimes banks or other financial institutions have problems that cause payments to be late or not arrive at all.
August 28 Payment
The last Social Security payment that seniors are due in August is on August 28. You must have been born after April 30, 1997, and have been getting benefits since then in order to be eligible. People who get SSI will also not get this payment; they will get a different payment on August 30, 2024.
Filing for Social Security
As long as you have at least 40 work points, you can file for Social Security when you turn 62 if you haven’t already. But putting off retirement can be a good thing because it can mean a bigger check.
As of June 2024, the average money that retired workers get each month is $1,918. Based on the worker’s record, their spouses and children may also be able to get monthly funds. The biggest retirement bonus you can get is $4,873 if you file when you are 70 years old.
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Reporting Issues
If your retirement payment is late or not there at all, you need to wait three mailing days before calling the Social Security Administration. Problems with banks or other financial institutions can cause delays, so being patient can help a lot.
In short, if you want to get your Social Security funds on time, you need to know your birthdate and the date your application was approved. People who retired before August 11 will get their payment on August 14. People who retired between August 11 and August 20 will get their payment on August 21, and people who retired after August 20 will get their payment on August 28. Remember that people who get SSI have a different payment plan and have to meet different requirements to get the money.
When you retire, it’s a big deal, and making sure you get your benefits can help you make the move easier and safer financially. You can expect on-time payments and a nice retirement if you meet the requirements and stick to the plan.
FAQs
Who gets paid on August 14, 2024?
Retirees born before the 11th of any month.
Who qualifies for the August 21 payment?
Retirees with birthdays from the 11th to the 20th.
When do those born after the 20th get paid?
On August 28.
Can SSI recipients get payments in August?
Yes, on August 30, 2024.
What to do if a payment is missing?
Report to SSA after three mailing days.