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here’s why there will be no payments

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All Social Security retirement beneficiaries and disability recipients should be aware that there will be no Social Security payments next week. If you receive both Social Security retirement benefits and Supplemental Security Income (SSI), you may receive both payments on the 1st of March, which falls within the fourth week of February. 

Therefore, there will be no Social Security payments in the first week of March as the Social Security Administration (SSA) has already scheduled a payment date for Supplemental Security Income (SSI) recipients and retirement beneficiaries born before May 1997. 

Full Social Security payments scheduled for March 2024

Besides the widely known Social Security Retirement benefits program, the Social Security Administration (SSA) administers several other programs, including Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), to provide financial assistance and support to various segments of the American population. 

The following table outlines the Social Security payment schedule for March 2024 based on the financial assistance program and birthdate range. Keep in mind that the birthdate range is between the given dates for any month. 

Social Security Financial Programs Date Payment date
SSI benefits and Retirement (Born before May 1997) March 1st Payment always falls on the first of each month.
Retirement and SSDI benefits 2nd Wednesday (March 13th)

3rd Wednesday (March 20th)

4th Wednesday (March 27th)

Birthdate range: 1st–10th.

Birthdate range: 11th–20th.

Birthdate range: 21st–31st.

To get the complete payment schedule for the year, check the Schedule of Social Security Benefit Payments 2024. Please give yourself an extra three mailing days before contacting Social Security if your payment is not received by the scheduled date.

What is the maximum Social Security retirement benefit payable?

The age at which you retire determines the maximum benefit. For example, your maximum benefit would be $3,822 if you retired in 2024 at full retirement age. That being said, your maximum benefit in 2024 if you retire at age 62 would be $2,710. In 2024, your maximum benefit would be $4,873 if you retired at age 70.

The maximum amount due to a spouse’s work is available at your full retirement age (FRA), which ranges from 66 to 67. It does not increase if you apply after that time. If your spouse has died, you may be eligible for survivor benefits beginning at the age of 60, or 50 if disabled.

When is the right time to apply for retirement benefits? 

When you are ready to apply for retirement benefits, the Social Security Administration’s online retirement website is the fastest, simplest, and most convenient way to do so. You can also schedule your first benefit payment to avoid an income gap. 

Receiving your first check

Your first check will not arrive until the month after the one you specified in your application. You have up to four months before the month of your choice to apply at any time. For example, if you want to receive your first Social Security check in April, apply between November of the previous year and March of this year. By applying in March, your application will be processed, and if approved, you will receive your first payment the following month, April. 

Processing time

After submitting your application, you should receive a notice in the mail within 30 days of the month you requested your benefit begin. The mail will either validate your benefit or request more information. If you filed outside of the United States, it may take longer for the SSA to respond. Make sure to verify with the Social Security Administration for the most recent information and specific processing periods for your situation.

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