The Social Security Administration has stated that people who are retired will be getting money in September. A check or direct payment worth about $1,460 can be sent to a 64-year-old person.
The average retirement bonus for all retired workers is $1,919, just so you know. As you may have guessed, people who file before they reach full retirement age may get less money. If you file at age 62, you may get a 30% tax cut. If you put off retirement, you might get up to 30% more.
Payment dates for Social Security for 64-year-olds and other recipients
Those aged 64 and up will get their first payment in September on September 3. Those aged 65 and up will also get their payment on September 3. Because of certain rules, though, it can only go to two groups of seniors.
- Retirement benefit payment on September 3: for SSI recipients who get retirement benefits as well
- Retirement benefit payment on September 3: for retirees who filed and got benefits before May 1997
Since you are also getting Supplemental Security Income, it is more likely that you will get Social Security on September 3. SSI will be given out on August 30, 2024, instead of September 1, 2024, which is interesting. Because Sunday isn’t a payday, SSA had to move this payment to a different day.
Social Security from September 11 onward
You may also be able to get Social Security retirement benefits if your birth date makes you qualified. In this case, you did not get benefits before May 1997, you do not get SSI, and you meet the age limit.
- Retirement benefit check or direct deposit on September 11: born before the 11th
- Retirement benefit check or direct deposit on September 18: born from 11-20
- Retirement benefit check or direct deposit on September 25: born after the 20th, that is from 21-31
At age 62, the most you can get in retirement benefits is $2,710. If you did your taxes at age 64, you may be able to get a bigger payment if you meet all the Administration’s requirements. But it will be less than the most, which is $3,822 for 66 years and 8 months.
Also See:- How much could retirees receive from Social Security in 2025 as a COLA?