Someone who is 66 years old and 8 months old may be able to get the biggest Social Security payment on September 11, 2024. Their main standards, set by SSA, must be met, though.
Just so you know, you had to file when you were full retirement age, but there are other rules as well. People who want to retire must have worked in jobs that were covered by SSA for at least 35 years. Still, there are still things that need to be done. Only people who have worked and gotten benefits for 35 years can reach their goal.
Social Security on September 11 for seniors aged 66 years and 8 months
You may be able to get Social Security retirement benefits as early as age 62, but let’s focus on the payment that will be made to people 66 and older after September 3, 2024.
The requirements for getting the September 11 payment have to do with three things:
- not eligible for SSI (Supplemental Security Income payments)
- not received retirement benefits before May 1997
- born from 1-10 of any month
In this case, if you were born on September 1, 1958, you could get up to $3,822 on September 11. As long as you meet the standards and don’t get SSI or haven’t had benefits since May 1997.
How to increase Social Security if you have not filed at 66
When you reach Full Retirement Age, your biggest Social Security retirement income is worth $3,822, but it could be a lot more. In that case, you file when you are 70 years old.
You get an extra 24% per month if you put off getting your retirement payments. In other words, you have to keep working, which might not be ideal if you are sick.
You should look for jobs that pay more. Your Social Security payment will be bigger if you pay more taxes to the SSA. Still, some workers might not have been able to get the $3,822 they were supposed to, and they might get a smaller-than-average retirement payment. That’s why they should apply for SSI.