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Check Your Bank Account: New Social Security Payments Arriving Tomorrow for Those Born Before This Year

Annie Abella by Annie Abella
September 3, 2024
in Finance
0
Watch your bank account If you were born before this year, you will receive a new Social Security payment tomorrow

Watch your bank account If you were born before this year, you will receive a new Social Security payment tomorrow

New Social Security Payments Arriving Tomorrow

Beneficiaries of the Retirement, Survivor, and Disability Insurance (RSDI) program who claimed benefits before May 1997 will receive a new  Social Security payment  tomorrow. This check, ranging from $1,537 to $4,873, includes a 3.2% cost-of-living adjustment (COLA) from last year. Payments are scheduled for the third day of the month for these early claimants, while others receive payments on the second, third, and fourth Wednesdays of each month.

Payment Amounts by Benefit Type

Monthly Social Security benefits vary based on type and individual circumstances. Here’s a quick overview:

  • Retirement Benefits: Average $1,900; up to $4,873 for age 70
  • Survivor Benefits: Average $1,505; up to $3,653 for two children
  • Disability Benefits: Average $1,537; up to $3,822 for maximum payment
  • SSI Benefits: Average $698; up to $943 for individuals and $1,415 for couples

Protecting Your Social Security Information

Recent data breaches highlight the importance of safeguarding your personal information. If you suspect identity theft, take the following steps:

  • Report Identity Theft: Use IdentityTheft.gov or call 1-877-IDTHEFT (1-877-438-4338).
  • Submit Cybercrime Reports: Visit ic3.gov for online reporting.
  • Secure Your Tax Refund: Contact the IRS at 1-800-908-4490 or visit Identity Theft Central.

Stay informed and protect your benefits by monitoring your payment schedule and safeguarding your personal data.

Source – lagradaonline

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