Ask Larry

Why Did I Receive An Unexpected Payment From Social Security?

Why did I get an unexpected social security deposit to my account mid-month on March 15, 2018? I usually receive payment the 3rd day of the month. There was also a slight increase.

Hi,

There are a number of possibilities. Social Security runs many different automated processes that can result in a benefit rate adjustment and/or payment of retroactive benefits. You should get a letter from Social Security explaining the payment, but those types of letters can arrive up to 2 weeks after the electronic payment is received.

Best, Jerry

Category: 
Posted: 
Mar 15 2018 - 4:47pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.