0:02
hey everybody and welcome to the Deep
0:03
dive we're diving into March 2025 Social
0:06
Security payments today all right so
0:08
whether you get those benefits or you're
0:09
just starting to think about um what
0:12
they might look like for you down the
0:13
road right we've got some interesting
0:15
insights from March 2025 Social Security
0:18
payment schedule and amounts that you'll
0:20
want to stick around for you know before
0:22
we get into like the nuts and bolts of
0:24
the March schedule maybe it's good to
0:26
kind of zoom out and remember what
0:27
Social Security is you know at its core
0:30
yeah it's a safety net it's a program to
0:33
give people income when they retire or
0:35
if they've lost a family member who is
0:37
supporting them you know or if they're
0:39
disabled and can't work such a good
0:41
point yeah it's easy to get caught up in
0:43
like okay when's my check coming and how
0:45
much is it going to be yeah exactly like
0:47
the bigger picture is so important
0:49
absolutely so okay let's Zoom back in to
0:51
March 2025 and like right away there's
0:54
this weird payment date on March 3rd who
0:57
are those lucky people getting paid
0:59
early well that early payment is kind of
1:01
a funny thing from way back when it
1:02
applies to people who started getting
1:04
benefits before April 30 1997 wow okay
1:08
or people who are getting both rsdi and
1:10
SSI rsdi and SSI yeah retirement
1:13
survivors and disability insurance
1:15
that's rsdi and then supplemental
1:17
security income is SSI got it okay back
1:20
then before computers and all that it
1:22
was just easier to pay people in groups
1:25
based on when they signed up huh that is
1:27
a fascinating little Peak into how
1:30
things have changed so like if you
1:32
started getting benefits back in the day
1:34
or you're getting both rsda and SSI
1:37
consider that like a little bonus exact
1:38
but what about the rest of us when do we
1:40
get paid well for folks who started
1:41
getting benefits after April 30 1997 the
1:45
payment date depends on when you were
1:47
born ah the birthday payment dance
1:49
exactly okay so tell me about that how
1:51
does that work pretty simple actually
1:52
there are three groups so if you were
1:54
born between the 1st and the 10th of the
1:56
month you'll get paid on the second
1:58
Wednesday of March and that's March 12th
2:00
this time okay now if you born between
2:02
the 11th and the 20th then your payment
2:04
comes on the 3rd Wednesday so March 19th
2:07
and lastly if you were born between the
2:09
21st and the 31st you get paid on the
2:11
4th Wednesday March 26th gotcha okay so
2:14
everybody mark your calendars but I know
2:16
what everyone's really thinking yeah how
2:18
much money are we going to get let's
2:19
talk dollars and cents now keep in mind
2:21
these are just estimates but they give
2:23
us a good idea the average retirement
2:25
benefit for March 2025 is projected to
2:31
$1,978 okay so that's like enough for a
2:33
couple groceries for the month or maybe
2:35
even a nice little weekend trip
2:37
somewhere yeah something like that what
2:39
about the average payments for survivor
2:41
benefits is that about the same for
2:43
survivor benefits the average is looking
2:47
$546 okay and for folks getting
2:50
disability insurance it's about $580
2:52
that's interesting it really makes you
2:53
think about how those amounts are
2:55
different you know because each program
2:56
is helping people going through
2:57
different things that's exactly right
2:59
different programs for different needs
3:02
and speaking of needing support our
3:04
source mentions a couple other things
3:06
that could be helpful for folks who are
3:07
having a hard time making ends meet okay
3:09
now this is super important so let's
3:11
make sure everyone's in the loop what
3:13
are those things and how could they help
3:14
our listeners sure the well the source
3:16
highlights two main programs SSI and SNP
3:20
okay SSI and SNP break those down for me
3:23
who's eligible and like what kind of
3:25
help do they give so SSI that's
3:27
supplemental security income that's for
3:29
people who have very little income and
3:31
resources it's for folks who might be
3:33
struggling even with their social
3:35
security benefit you know just to cover
3:37
basic living expenses okay so it's like
3:39
an extra layer of help for the people
3:40
who need it most exactly got it and then
3:43
what about SF what's that all about snit
3:45
that's the supplemental nutrition
3:47
assistance program you might know it as
3:49
food stamps right yeah it helps
3:51
lowincome folks and families buy food
3:54
you know food yeah it gives them
3:56
benefits to use at the grocery store
3:57
which really helps when money's tight
3:59
and you to put food on the table yeah
4:01
for sure especially with grocery prices
4:03
going up all the time like it's a
4:06
Lifeline for a lot of families it is
4:07
okay so it's important to remember that
4:10
helps out there if you need it
4:12
absolutely so we talked about when those
4:14
payments go out and how much people can
4:16
expect to get right we even touched on
4:18
some resources for people who need extra
4:19
help uhhuh but there's one more thing
4:21
I'm wondering about what happens if a
4:24
payment date falls on a Federal holiday
4:27
ah good question usually payment
4:29
payments go out on the 2nd third or
4:31
fourth Wednesday of the month right
4:33
right but if a payment date lands on a
4:35
Federal holiday then they send the
4:37
payment out on the business day before
4:40
makes sense no need to make people wait
4:42
longer just because of a holiday right
4:43
exactly so let's see looking at the
4:46
calendar for March 2025 St Patrick's Day
4:49
is on a Monday so that won't mess
4:51
anything up right but what if say a
4:53
payment date was smack dab on Christmas
4:54
day well in that case you'd get your
4:56
payment on Christmas Eve smart thinking
4:58
M I bet people are happy to get paid a
5:00
little early in those cases yeah for
5:02
sure okay so wow we've covered a lot of
5:04
ground here yeah we talked about the
5:05
March 2025 payment schedule and those
5:08
average benefit amounts and we even dug
5:10
into SSI and SN those extra Support
5:13
options yeah plus we figured out what
5:15
happens with those tricky holidays
5:18
that's a lot of info it is and you know
5:20
what I find interesting is how all of
5:22
this connects together you know this
5:24
deep dive shows how these programs and
5:27
that whole social safety net all work
5:29
together you know to help millions of
5:31
Americans financially so true and it
5:34
just goes to show how important it is to
5:35
stay up to date on these things
5:36
absolutely because they could affect you
5:38
or someone you know exactly knowing when
5:40
those payments are coming and
5:41
understanding all the different factors
5:43
well that can help you plan ahead and
5:45
manage your money better makes total
5:47
sense so after all of this what's your
5:50
biggest takeaway what's the one thing
5:52
you hope people listening will remember
5:54
from this deep dive you know for me the
5:57
big takeaway is that knowing this stuff
5:59
really makes a difference when it comes
6:01
to Social Security like if you
6:03
understand the payment schedule and
6:04
those average benefit amounts and you
6:05
know about things like SSI and SNP then
6:08
you can make smarter choices about your
6:10
money that's so important it's not just
6:11
knowing the dates and the numbers it's
6:13
about feeling confident and ready to
6:16
handle your finances exactly so as we
6:19
wrap up this deep dive what's your
6:22
advice for our listeners what can they
6:24
do with all this new info I'd say take a
6:27
minute and think about your own
6:28
situation okay are you getting close to
6:31
retirement have you thought about how
6:33
Social Security fits into your overall
6:35
financial plan do you even know when you
6:38
can start getting benefits those are
6:41
good questions to think about and you
6:42
know even if you're not there yet it's
6:44
never too early to learn about social
6:46
security oh for sure and how it could
6:48
affect you down the road definitely and
6:49
don't be afraid to reach out to the
6:51
Social Security Administration if you
6:53
have questions or need something
6:55
explained right we got tons of resources
6:57
to help you through it great advice it's
7:00
always best to go straight to the source
7:01
for the most accurate info absolutely
7:03
well that about wraps up our Deep dive
7:05
into the March 2025 Social Security
7:08
payments we covered a lot from those
7:10
weird payment dates to those average
7:12
benefit amounts yeah we did and we even
7:14
explored some really helpful support
7:16
programs we sure did I hope you feel
7:18
informed and ready to tackle your own
7:20
Social Security Journey you know and
7:22
remember there's always more to learn
7:25
that's true we just scratched the
7:27
surface here but hopefully this deep
7:29
dive made you curious to dig a little
7:31
deeper and stay on top of this stuff I
7:33
hope so thanks for joining us on the
7:34
Deep dive it was fun we'll see you next
7:36
time for another exciting exploration of
