Retirees who have already received their Social Security payment of up to $4,873 in November will get a new check or direct deposit in December. However, if you do not qualify for a large retirement benefit payment, you may also be receiving Supplemental Security Income. That means you will get SSI on November 29, instead of the usual date, December 1.
To receive the largest benefit payments from Social Security you must have earned a great deal of money as you worked and paid enough taxes for 3 decades and a half.
Requirements to get $2,710, $3,822 or $4,873 from Social Security in December
The first thing a retiree must do to receive retirement benefits is to be at least 62 years old. Of course, you must have worked for at least 35 years if what you want is a larger payment.
The amount of money you earn for those 35 years also matters. It must be the taxable maximum amount for all those years. For example, it is $168,600 in 2024.
No doubt, you must have had jobs covered by SSA. Those who meet all these requirements can file ay 62 and get up to $2,710. If you achieve it but you file at Full Retirement Age in 2024, you can get up to $3,822. If you apply for Social Security at 70, it can be up to $4,873.
Social Security paydays and eligibility
The first day in December to get a monthly payment of up to $4,873 will be December 3, 2024. This will be your payday if you got benefit payments before May 1997.
Those who are on SSI and Social Security will get retirement benefits on December 3 and SSI on November 29, however, their payment amount will be close to an average payment of $1,927.
Retirees who got benefits after April 30, 1997, will get their Social Security on December 11, 18, or 24. Their birthdays must be from 1-10, 11-20 or 21-31 to qualify for any of these paydays.