New Social Security Payment Tomorrow – Eligible for Those Born Before This Year

Great news for those receiving Social Security benefits! A new payment is on its way, with some beneficiaries scheduled to receive it as early as tomorrow. If you’re part of the retirement, survivor, and disability insurance (RSDI) program and started claiming benefits before May 1997, be sure to keep an eye on your bank account.

This latest check could range from $1,537 to a whopping $4,873, thanks to the 3.2% cost of living adjustment (COLA) that was implemented last year.

Payment Schedule

The Social Security Administration (SSA) is responsible for disbursing benefits to over 70 million people each month. To manage this enormous task, the SSA follows a well-organized payment schedule to ensure that everyone receives their money on time. The schedule varies depending on when you first started claiming benefits and your birthdate.

For example, RSDI beneficiaries who started receiving payments before May 1997 always get their checks on the third day of the month. Those who started receiving benefits after May 1997 are paid based on their birthdate, with payments issued on the second, third, or fourth Wednesday of each month. If a payment date falls on a weekend or holiday, the SSA will adjust the payment date to the preceding business day.

Payment Amounts

Not everyone receives the same amount in Social Security benefits each month. Your payment is determined by several factors, including your full retirement age, work history, and the amount of Social Security taxes you’ve paid. Here’s a breakdown of the average monthly payments by program:

Social Security Payments	Retirement Benefits	Survivor Benefits	Disability Benefits	SSI Benefits
On average	$1,900	$1,505	$1,537	$698
Other payments	Age 62: $2,710	Individual: $1,773	Blind recipients: $2,590	Individuals: $943
	Age 67: $3,822	2 Children: $3,653	Maximum payment: $3,822	Couples: $1,415
	Age 70: $4,873			Essential person: $472

To qualify for the maximum benefit amounts, you’ll need to meet specific criteria. It’s always wise to consult with a financial advisor or Social Security expert to determine what benefits you’re eligible for and how you can maximize your payments.

Protecting

With recent reports of data breaches, protecting your Social Security number (SSN) has never been more critical. If your SSN is stolen, identity thieves can use your personal information to open accounts in your name, apply for loans, and wreak havoc on your financial life.

If you suspect your Social Security number has been compromised, there are steps you can take to protect yourself:

1. File a Report: Visit IdentityTheft.gov to report identity theft and create a recovery plan. The site, managed by the Federal Trade Commission, provides a one-stop shop for dealing with identity theft. You can also call 1-877-IDTHEFT (1-877-438-4338) for assistance.
2. Report Cybercrime: Use the Internet Crime Complaint Center (IC3) at ic3.gov to submit a report. The IC3 forwards complaints to law enforcement and regulatory agencies for further action.
3. Contact the IRS: If you believe someone may use your SSN to file a fraudulent tax return, contact the IRS. Visit Identity Theft Central or call 1-800-908-4490 for more information.

By taking these steps, you can help safeguard your identity and prevent further misuse of your Social Security number.

This week’s Social Security payment is a timely reminder of the importance of staying vigilant about your personal information. With payments ranging from $1,537 to $4,873 on the way, make sure you’re checking your account and taking the necessary steps to protect your identity.

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