Finance

2nd Social Security Payment: Who gets their payment today?

Published

2 years ago

May 17, 2023

2nd Social Security Payment: Who gets their payment today?

Social Security payments are provided by the Social Security Administration (SSA) in the United States to eligible individuals, offering financial assistance to retirees, disabled individuals, and survivors of deceased workers.

Funding for Social Security payments comes from payroll taxes contributed by workers and their employers, ensuring a regular distribution of benefits.

The amount of a person’s Social Security payment depends on various factors, such as their earnings history, the age at which they begin receiving benefits, and whether they are receiving retirement or disability benefits.

The payment amount is determined through a formula that considers the individual’s average lifetime earnings and their age when they start receiving benefits.

2nd Social Security Payment: Who gets their payment today?

On May 17th, individuals who fall within certain birth date ranges will receive their Social Security payment. The payment schedule is based on the recipient’s birth date and the day of the month they began receiving benefits.

If the recipient was born between the 1st and the 10th of the month, their payment is typically issued on the second Wednesday of each month. For those born between the 11th and the 20th, payments are usually made on the third Wednesday. Recipients born after the 20th can expect their payment on the fourth Wednesday.

Therefore, on Tuesday, May 17th, Social Security will distribute payments to eligible recipients whose birth dates fall between the 11th and the 20th of any month.

“There are exceptions,” reads the official Social Security website.

“For example, children and spouses who receive benefits based on someone else’s work record will be paid on the same day as the primary beneficiary.”

To determine the specific payment date, individuals can access their my Social Security online account, where the “Benefits & Payments” section provides accurate information regarding their payments.

Related Topics:Agency_SAM en/lifestyle/us-news/personal-finance US News

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Finance

What to Expect in 2025 – Structured Finance | Insights | Mayer Brown

Published

4 hours ago

January 4, 2025

Press Room

What to Expect in 2025 – Structured Finance | Insights | Mayer Brown

This highly anticipated in person only event will feature expert insights and actionable strategies to help you navigate the shifting landscape and capitalize on emerging trends in the year ahead.

The Agenda will include:

US Government Policy Updates and Geopolitical Risks
Consumer, Insurance Bank and other Regulatory Updates
CLOs and CFOs
Capital Relief Trade
Capital Call Lines and Joint Ventures
Trade Receivables
Cryptocurrencies, Emerging Asset Classes, Vertical Integration and Tax
SEC updates and much more

CLE credit is pending.

View Agenda

For additional information or to register, please contact Jeanette Ponce at jponce@mayerbrown.com or +1 212 506 2484.

Finance

Stocks rise, S&P 500 set to break losing streak: Yahoo Finance

Published

13 hours ago

January 3, 2025

Press Room

Stocks rise, S&P 500 set to break losing streak: Yahoo Finance

The S&P 500 is set to end its 5-day streak of losses. The major indexes (^DJI,^GSPC, ^IXIC) are all trading higher thanks to big-name tech stocks like Nvidia (NVDA) and Tesla (TSLA). One stock that is trading lower is US Steel (X), which fell sharply after President Biden announced he will block Nippon Steel’s (NPSCY) purchase of the company. Other trending tickers on Yahoo Finance today include Rivian Automotive (RIVN), Adobe (ADBE), and Oklo (OKLO).

Key guests include:
3:05 p.m. ET – Ahmed Riesgo, Insigneo Chief Investment Officer
3:15 p.m. ET – Brian Gardner, Stifel Chief Washington Policy Strategist
4:00 p.m. ET – David Miller, Catalyst Funds Co-Founder, Chief Investment Officer and Senior Portfolio Manager
4:35 p.m. ET – Rachel Tipograph, MikMak, founder and CEO

Finance

Tesla to Announce Q4 2024 Financial Results on January 29, 2025

Published

22 hours ago

January 3, 2025

Press Room

Tesla to Announce Q4 2024 Financial Results on January 29, 2025

Tesla (NASDAQ:TSLA) is planning to report its Q4 2024 results displaying their net income and cash flow of the business’s profitability and financial position on January 29, 2025 after market close.

Tesla experienced different stock price fluctuations, as market responses, between 9% and 22% within one day after releasing the results.

Tesla to Announce Q4 2024 Financial Results on January 29, 2025

Tesla’s management will also give their 2025 guidance such as production, models, technology including Full Self-Driving (FSD).

The one-year price targets for Tesla given by 45 analysts are USD 278.47 at the average while ranging from as high as USD 515.00 and the lowest at USD 24.86. The average target is -26.58% from the current price at $379.28.

GuruFocus calculates the GF Value for Tesla one year ahead to be at $298.99 which indicates the stock to be overvalued -21.17% from the current price $379.28.

You can make more informed investment decision by visiting GuruFocus now and deep dive into Tesla’s performance with charts, breakdowns, 30-year financial data, and more!

This article first appeared on GuruFocus.