Many people are confused about when they will receive their first social security check after applying for early retirement at age 62 and rightly so! In some cases you may have to wait for more than 2 months after your turn 62 before you will receive your first social security check, depending on what day of the month your birthday falls on
The first thing to understand is that turning 62 doesn’t make you immediately eligible. According to the Social Security Administration, you have to be 62 for one FULL month before you become eligible to receive benefits. In other words, you have to be 62 and one month old before you are eligible to receive your benefit. Social Security benefits are then paid the month after they are due and according to the Social Security payment schedule.
For example, if your birthday falls on October 10th, 2016 you will be eligible for social benefits on November 10th, 2016 when you are 62 years and one month old. According to the Social Security Administrations website, Social Security benefits for a given month are paid the following month they are due, so in this example, paid in December. But that doesn’t mean December 10th. Social Security has a payment schedule as to which day of the month you will get paid depending on what date your birthday falls.
- 1st – 10th of the month – You’ll be paid on the second Wednesday of each month.
- 11th – 20th of the month – You’ll be paid on the Third Wednesday of each month.
- 21st – 31st – You’ll be paid on the Fourth Wednesday of each month.
It’s a good idea to take a look at the Schedule of Social Security Benefits Payments to get a good idea of when you will receive your first check and on what date of each month. Below you will find links to the 2016 and 2017 schedules.