By: Doug Nguyen
Timing is everything, and the arrival time of your monthly payment from Social Security can be key to keeping your fi nancial house in order.
As you budget to pay your bills and save for future needs, keep in mind that your monthly retirement or disability benefi t will be paid at the same time each month. To see your next payment date, create or log on to your my Social Security online account and go to the “Benefi ts & Payments” section.
In general, here’s how we assign payment dates:
• If you were born on the 1st through the 10th of the month, you’ll be paid on the second Wednesday of the month;
• If you were born on the 11th through the 20th of the month, you’ll be paid on the third Wednesday of the month; and
• If you were born after the 20th of the month, you’ll be paid on the fourth Wednesday of the month.
There are exceptions. For example, children and spouses who receive benefi ts based on someone else’s work record will be paid on the same day as the primary benefi ciary.
For others, we may issue your payments on the 3rd of each month. Among other reasons, we do this if:
• You fi led for benefi ts before May 1, 1997;
• You also receive a Supplemental Security Income (SSI) payment;
• Your Medicare premiums are paid for by the state where you live; or
• You live in a foreign country.
Individuals who receive SSI payments due to disability, age, or blindness receive those payments on the 1st of each month.
If your payment date falls on a federal holiday or weekend, you can expect to receive that month’s payment on the weekday immediately prior.
You can see a current schedule for Social Security and SSI benefi t payments in an easy-to-read calendar.
Social Security is with you through life’s journey, helping you to secure today and tomorrow through important fi nancial benefi ts, information, and planning tools. To learn more, please visit our website at www.ssa.gov .