There are 4 different paydays that you could get money on if you are retired and getting Social Security. There are rules that say when you get your direct payment or cheque. It could be earlier or later in the month.
Some retirees won’t get their cheque or direct payment until October 23. They will, however, get paid on time and as planned. Because of when they were born, they get it so late.
Who qualifies for Social Security on October 23?
To get the last payment in October, you must meet the following birthday requirements:
- retirement payment on October 9: born from 1-10
- retirement payment on October 16: born from 11-20
- retirement payment on October 23: born from 21-31
Also, there are two things that might keep you from getting any of the Wednesday payments. If you got Social Security payments before May 1997, your next cheque will be sent to you on November 1, two days early. Also, people who get SSI or retirement benefits will not be able to get the October 23 check.
How much could your Social Security be on October 23?
The Agency can give up to $4,873 to a retiree who pays their taxes at age 70. Your payment could be up to $2,710 if you filed when you were 62 years old. People who file at Full Retirement Age can get a cheque for up to $3,822.
You might get about $1,920 a month from Social Security. You might get a very small cheque, though, if you only worked for 10 years, filed at age 62, and made little money.
People who are retired and have just started getting Social Security benefits but don’t make much money or have much saved may be able to get SSI benefits.
You could get a payment every month that is worth about $575. Not until November 1 will you get your next SSI check, but it might take longer to hear back if you apply now in October.