Retirees who got their Social Security payout of up to $4,873 in November will receive a new check or direct deposit in December. However, if you do not qualify for a significant retirement benefit payout, you may still receive Supplemental Security Income. That means you will receive SSI on November 29, rather than the normal December 1.
To obtain the highest Social Security benefit payments, you must have earned a significant amount of money while working and paying adequate taxes for three decades and a half.
Requirements to get $2,710, $3,822 or $4,873 from Social Security in December
To be eligible for retirement benefits, a retiree must first reach the age of 62. Of course, you must have worked for at least 35 years if you desire a higher wage.
The quantity of money you earn throughout those 35 years is also important. It must be the taxable maximum amount for each of those years. For example, it will be $168,600 in 2024.
You must have held jobs that were covered by the Social Security Administration. Those who meet all of these requirements may file ay 62 and get up to $2,710. If you attain it but file at Full Retirement Age in 2024, you could receive up to $3,822. If you file for Social Security at age 70, you can receive up to $4,873.
Social Security paydays and eligibility
The first day in December to get a monthly payment of up to $4,873 is December 3, 2024. This is your payday if you received benefits before May 1997.
Those on SSI and Social Security will receive retirement benefits on December 3 and SSI on November 29, but their payments will be similar to the average of $1,927.
Retirees who received payments after April 30, 1997, will get Social Security on December 11, 18, or 24. To be eligible for any of these paydays, their birthdays must fall between 1-10, 11-20, or 21-31.
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