By Marshal Deck
Millions of Americans receive up to $4,194 worth of Social Security each month in their bank accounts
Living in the United States has many financial advantages that favor retirement.
The Social Security Administration sends monthly checks to all beneficiaries. This monthly check could go up to $4,194 in Oct 2022.
Of course, retiring in such numbers will not be easy. To get there you need to delay retirement as long as possible, but after 70 there's no point.
Social Security pays benefits in different installments to different groups. SSA will send money every Wednesday.
Qualified grant holders are eligible to receive funding on the 2nd, 3rd and 4th Wednesdays of each month.
On the other hand, if you were born on or after the 20th, you must wait until the 28th to receive benefits. It may take up to 3 days for the money to arrive
Americans born between the 11th and 20th of the month are the next to receive Social Security benefits.
There is also another payment aimed at low-income people. To receive Supplemental Security Income (SSI), you must be an SSA retirement or disability beneficiary.
It is also important to remember that the COLA affects SSI just as it does the regular benefit. Therefore, both benefits will suffer an increase by next year 2023.
Apart from this, another requirement is to have low income. SSI is a financial benefit designed to enable all Social Security beneficiaries to pay their bills, food and all their monthly expenses.