Soon, it will be possible to get a big payment from the Social Security Administration. They will only give it to American retirees who meet all the requirements, though.
Remember that your next Social Security check is due on October 3. In fact, on October 3, only two types of retirees can get a check or direct payment, and not many of them will get $4,873.
Requirements to get a Social Security check of $4,873 in October 2024
There isn’t just one main thing you need to do to get $4,873. In fact, there are 4 important rules that a worker must follow. These are the rules that SSA has set:
- Applying for Social Security retirement benefits when you turn 70
- Earning the contribution and benefit base (taxable maximum) for 35 years
- Working for the same number of year
- Having jobs that pay Social Security taxes
These four things can help you get the most out of your Social Security, even if you can’t meet all of them. This is the best way to get the most out of them.
Who will be eligible for the Social Security check on October 3?
You may be able to get a direct payment or check on October 3, but that doesn’t mean you deserve $4,873. In the event that you don’t meet the above conditions, you might receive a payment more in line with the average of $1,920.
People who don’t make much money might not even get the standard amount; they might even get extra money. If you get Social Security as well as Supplemental Security Income, you can get a check on October 3.
The other way to get Social Security on the third, no matter how much you earn, is to have been getting it since before May 1997. Remember that people who don’t meet these requirements will have to wait until October 9, 16, or 23. The most that can be paid on those times is also $4,873.
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