When is ss paid

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Retirement Planning Social Security. Part of. Your Retirement Countdown Overview Investments. Retiring Early. Social Security. Health Care. Where to Retire. Table of Contents Expand. Table of Contents. The Usual Schedule. Exceptions to the Usual Schedule. As with other Social Security benefits, spousal benefits are permanently reduced if the nonworking spouse starts to collect before reaching full retirement age.

You might, depending on your income. You can apply at a local Social Security office , by phone , or online. The Social Security Administration says you can apply up to four months before the date you want your benefits to start. Money paid in by current workers via their taxes is used to pay the benefits for current retirees. By law, the money in the trust funds is invested in U. The ratio of current workers-to-retirees is declining, meaning fewer workers are paying into the system for every retiree who is drawing money out of it.

Under current projections, the program should be able to pay full benefits until , when the trust fund will be depleted.

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Part Of. Getting Started. How Social Security Is Organized. For most beneficiaries, the payment date depends on your birth date. If you are receiving payments on the record of a retired, disabled or deceased worker for example, spousal or survivor benefits , that person's birthday sets the schedule. Prior to that, all benefit payments went out on the third day of the month, but that became unwieldy as the number of beneficiaries grew.

Most people who started receiving benefits before May 1, , are still paid on the third of the month. The third is also the monthly pay date for Social Security beneficiaries who live abroad , and for people who receive both Social Security and Supplemental Security Income benefits. Social Security has an online calendar showing all the payment dates for Find the answers to the most common Social Security questions such as when to claim, how to maximize your retirement benefits and more.

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