As with other months, the October social security checks are being disbursed across the months on specific days according to various factors. The variations in dates are due to the birthdate of the beneficiaries, their location, and the type of benefits they are entitled to.
The payments usually go out on the third of every month. But there are also dates across the month, including Wednesdays in each week, depending on various factors. For Social Security beneficiaries, the final payment for October should be this week, if they have not received it already.
The Social Security Administration (SSA) distributes checks for October and if you have started receiving the payments, you need to know the right time to start collecting the benefits. You will also be allowed to pause your payments. This helps you get a larger payout in the future.
October Schedule For Social Security Payments
October 3 was the normal payment date for people who have received the benefits since May 1997, or before. The second Wednesday, October 11, was for beneficiaries whose birthdays fell between the 1st and the 10th of the month.
The payments on October 18 were for those with their birthdays falling between the eleventh and twentieth of any month. People with their birthdays between the 21st and the 25th of a month will receive their Social Security payments on the twenty-fifth of this month.
While most Americans opt for the Social Security benefits at the earliest possible age, which is sixty-two at present, starting late can be beneficial. People who start collecting their Social Security checks after they reach seventy will get 77% more after adjustment for inflation. And for those who have applied for the payments, they have a window of 12 months to change their mind and opt for a later date. This happens when people usually get a new job offer.