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They pay a month behind, so you keep the money, but notify them social security administration makes their monthly payments one behind. This means that the check received each month is in payment of preceding month's benefits 5 most people think social security terms a monthly payments start arriving when you stop working.
If you wish to begin Social Security when you turn 66, the exact day of the month not important. âFull retirement benefits are payable beginning with the month FRA is attained regardless of the day of the month,â explains Stump. In fact, you might even be able to start the month before.