When Social Security Is Paid

1. On the 1st through the 10th: Expect a check to be paid on the second Wednesday of the month.
2. On the 11th through the 20th: Expect a check to be paid on the third Wednesday of the month.
3. On the 21st through the 31st: Expect a check to be paid on the fourth Wednesday of the month.

What period does your Social Security check cover?

Social Security pays benefits in the month following the month for which they are due. For example, the January benefit is paid in February. For most beneficiaries, the payment date depends on your birth date.

How long does it take to get your first Social Security retirement check?

While it generally takes approximately six weeks for an application to be processed, it is advisable for you to initiate the process three months before you want to receive your first benefit payment.

Can I collect my Social Security at 59?

If you were born in 1959 your full retirement age is 66 and 10 months. You can start your Social Security retirement benefits as early as age 62, but the benefit amount you receive will be less than your full retirement benefit amount.

When do you get your full monthly social security check?

You’ll receive your full monthly benefit if you start claiming when you reach what Social Security considers your full retirement age. To find your full retirement age, see the chart below. Let’s say your full retirement age is 66. If you start claiming benefits at 66 and your full monthly benefit is $2,000, you’ll get $2,000 per month.

How is the full retirement age for Social Security determined?

After your full retirement age, you can earn as much money as you like without incurring any penalties. Your full retirement age is determined by your birthday. For reference: If you were born between 1943 and 1954, then your full retirement age is 66.

When do you become eligible for Social Security benefits?

Americans first become eligible for full Social Security benefits between ages 62–67, but benefit amounts depend on how early you elect to start. Spouses are also eligible for benefits, even if they never worked for pay. Enclosed are the answers to 10 common questions about Social Security and how it works. 1. When Am I Eligible?

What happens when you claim social security at age 62?

If you start claiming benefits at 66 and your full monthly benefit is $2,000, you’ll get $2,000 per month. If you start claiming benefits at age 62, which is 48 months early, your benefit will be reduced to 75% of your full monthly benefit—also called your primary insurance amount.