Retirees can still receive one last payment in the United States in October. Social Security is sending direct deposits to retirees on October 23. To get money on this date your birthday must fall from the 21st to the 31st.
Bear in mind that the amount of your payment will depend on your work history and the amount of taxes you paid to SSA. So, the maximum amounts are only for high earners who meet other requirements.
Social Security payment for retirees on November 1
For your information, if you began receiving retirement benefits after April 30, 1997, you will not receive your direct deposit on November 1. So, you will have to wait until November 13, 20, or 27, depending on the date you were born.
Social Security will deliver direct payments to retirees on November 1 if:
- you are also eligible and receiving SSI (Supplemental Security Income) on November 1, or
- you started getting payments before May 1997
Since the November 3 payment cannot be issued on the third because it falls on a Sunday, SSA had to reschedule it for the previous business day. What is more, if you are receiving SSI and retirement benefit payments, you will share the same paydays for both benefits. So, you can expect the 2 checks on Nov. 1, 2024.
November 1 and the Social Security payment amounts for retirees
Social Security can pay up to $4,873 to retirees if they have worked for 35 years in jobs covered by SSA, filed at 70, and earned the taxable maximum all those years.
Not doing so will prevent you from getting so much money. Those who meet almost all these requirements but file at Full Retirement Age can get up to $3,822, or up to $2,710 at 62.
On average, retirees can receive about $1,920. Keep in mind that if you worked for just ten years, filed at 62 or had a low wage, you can expect a much lower payment.