In the United States, retirees look forward to getting their monthly Social Security checks. This is especially true in the last few months of the year, when holiday costs may make things more expensive.
In November, the last weeks’ payments not only give people who depend on these benefits a steady income, but they also give people a chance to get their finances in order as the year ends.
People who get Social Security can get two more payments before the end of the month after November 13. But not all beneficiaries are eligible for every payment.
The Social Security administration has a set schedule for each person that is based on their benefit type and date of birth. So, each beneficiary needs to know which group they are in order to know what day they will get their monthly payment.
It is very important to know everything about the last two November payments. It is also important to know about an extra payment that will be sent to some beneficiaries to make sure they have money before the beginning of December.
Last two payments for Social Security retirees in November
Each retiree gets three payments a month, based on their date of birth and the type of benefit they are receiving.
Another round is at the beginning of the month, but that one is only for people who retired before May 1997. People who asked for their checks after May 1997 are due their last two payments for the month of November.
Whether we get the money early or late depends on the birthday:
- November 20: This payment is for retirees born between the 11th and 20th of any month. To qualify, beneficiaries must have started getting their retirement after May 1997. Those who meet these requirements will get their deposit on the 20th of November.
- November 27: For retirees born between the 21st and 31st of any month. As with the previous payment, it is necessary to have started receiving the benefit after May 1997. Retirees who meet these requirements can expect to receive their benefits on 27 November.
Each of these payments gives people the chance to make plans for their budget ahead of time. In order to make sure that all beneficiaries get their checks on time, the administration makes sure that payments are made in a certain order.
Extra payment for retirees in November
In November, people who get Social Security also get an advance payment of Supplemental Security Income (SSI).
This benefit is given to certain people to help them with their money before December. The next SSI payment is set for November 29, which is earlier than the December payments that would normally be made.
This early deposit is necessary because December 1st is a Sunday and the government wants to make sure that SSI recipients get their money as soon as possible.
SSI is extra help that the US government gives to people who are eligible and have limited resources or disabilities.
For these people, the extra deposit in November lets them pay their bills on time and gives them some financial security at the start of the last month of the year.
It is important to remember that people who get both Social Security and SSI benefits should also know when their direct deposits are due.
The SSI-only recipients’ last payment of the month will be on November 29. Their next regular payment will be at the end of December, which is when January 2025 falls on the calendar.
Having SSI help can make a big difference during the months when money is tightest, like the end of the year. This extra benefit makes sure that people who qualify can keep their finances in order and pay their basic bills on time.
The Social Security Administration wants to make sure that its recipients have enough money to get through the end of the year with these upcoming payments.