The Social Security Administration will issue new payments in the upcoming weeks. 62-year-olds will benefit from these monthly checks if they meet all the requirements that the Agency has established. Bear in mind that you could also obtain your direct deposit if you are older than 62. Of course, as long as you are eligible for this retirement money.
Some retirees might be wondering if their payment is coming this week or not. In fact, it is not going to be delivered this week. The main reason why it will not be issued this week is because Wednesday, November 6 has been the first Wednesday in November. SSA sends the upcoming payments from the second Wednesday onward.
New payment dates for 62-year-olds on Social Security
As a matter of fact, the Social Security Administration will not send a monthly payment until November 13, 2024. Therefore, the next check or direct deposit for 62-year-olds will be due in less than one week.
Those who were born from the first through the tenth will receive their Social Security check or deposit on November 13 if:
- they do not break SSA’s rules
- they began collecting Social Security after April 30, 1997
- they are not Supplemental Security Income beneficiaries
However, if you meet most of these requirements, but were born on a different date, your payment will take more than 1 week. Retirees aged 62 will get their monthly payment on November 20 if their birthday falls from the 11th through the 20th. Or on November 27 if it is from 21-31.
Maximum Social Security payment at 62 in November 2024 in the US
Actually, the largest Social Security payment will be worth $2,710. Nevertheless, only if you have been successful and you have managed to meet the 4 essential requirements you will be able to get such a large payment.
For example, you must have worked for 35 years in jobs covered by SSA. Besides, you must have earned the contribution and benefit base for all those years, and applying at 62 is necessary too.