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Some Social Security beneficiaries to receive payments early for February and March
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The Big Money Show panel discusses the alarming new analysis showing Social Security and Medicare racing toward insolvency and warns that retirees face steep benefit cuts unless Washington acts fast.
Some Social Security beneficiaries will receive their monthly benefits slightly earlier than usual in February and March due to a quirk in the calendar.
When to expect your Social Security payment for February. See schedule
Social Security benefits – paid mostly to recipients who are older or retired – are typically paid on Wednesdays. On the second Wednesday of the month, payments are issued for beneficiaries whose birthday falls between the first and 10th days of the month (this month, that lands on Feb. 11), according to the Social Security Administration’s calendar.
Those born between the 11th and 20th get paid on the third Wednesday (Feb. 18) of the month; those born after the 20th of the month are paid on the fourth Wednesday of the month (Feb. 25), according to the SSA calendar. Social Security recipients who began getting benefits before May 1997 are paid on Jan. 3.
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