People over the age of 62 who got their Social Security payment of up to $4,873 in November will get another check or direct deposit in December. On the other hand, if you don’t qualify for a big retirement benefit, you may also get Supplemental Security Income.
That means you will get SSI on November 29 instead of December 1, which is when it usually comes out. To get the most money from Social Security, you had to work hard and pay taxes for 35 years.
Requirements to get $2,710, $3,822 or $4,873 from Social Security in December
The first thing a retiree needs to do to start getting benefits is to turn 62 years old. Of course, if you want a bigger payment, you have to have worked for at least 35 years.
It’s also important how much money you make over those 35 years. It has to be the most that can be taxed in all of those years. In the year 2024, it’s $168,600.
There’s no doubt that SSA paid for some of your jobs. All of these people can file as ay 62 and get up to $2,710 back. That’s right—you can get up to $3,822 if you reach it and file when you turn 70 in 2024. When you turn 70, you can get up to $4,873 from Social Security.
Social Security paydays and eligibility
If you want to get a payment every month of up to $4,873, the first day is December 3, 2024. If you received benefits before May 1997, this is your pay day.
SSI recipients will get their retirement benefits on December 3 and SSI recipients will get theirs on November 29. Their payment amount will be close to the average of $1,927, though.
If you retired after April 30, 1997, you will get your Social Security on December 11, 18, or 24. For any of these payouts, their birthdays must fall between January 1 and 10, November 1 through 20, or December 31.
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