Following November 13, the Social Security Administration (SSA) announced two additional paydays for retirees. The payments will be made to people of various ages, from 62 to 70, as well as senior retirees. However, if you complete all of the requirements, these monthly payments might total up to $4,873. Of course, you could also be qualified for a low, average, or above-average check.
The Agency has announced that the next payment for retirees will be due on November 20. This is exactly one week after other retirees received their monthly checks. Keep in mind that retirees receive their last three rounds of checks or direct payments on Wednesdays. Typically, they are sent on the second, third, and fourth Wednesdays. So the final one will arrive in the recipient’s account on November 27.
Requirements to receive money from Social Security on November 20 or 27
The Social Security Administration will only deliver payouts to pensioners whose birthdays fall between November 11 and November 20. It makes no difference what year or month you were born, as long as you filed, were approved, are not getting SSI, and did not receive benefits before May 1997.
If you are in that circumstance but your birth date is between 21 and 31, regardless of the month or year, your Social Security check or direct deposit will be sent on November 27.
Remember that these paydays are also available to SSDI beneficiaries, so they are not limited to retirees. SSDI payouts will be smaller on average, and maximum amounts will not be as great.
Maximum amounts for Social Security payments in November
The maximum payment a retiree can receive at age 62 is $2,710. As a result, if you filed at the age of 62, you would receive the maximum amount. Those who filed at full retirement age can receive up to $3,822.
However, if you apply for delayed credits and file at the age of 70, you could collect up to $4,873. To receive a substantial Social Security benefit, you must:
- Have worked for at least thirty-five years
- Earned the contribution and benefit base for all those years
- Had jobs that paid payroll taxes, that it, they are covered by Social Security
- Filing at 70 is required too
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