A group of Americans who meet 4 Social Security requirements can receive $4,873 in May. In fact, they can get more money if they are married. Bear in mind that spousal benefits can give your spouse money even if they have never worked before.
The Social Security Administration will send payments of up to $4,873 on May 3, 8, 15, and 22. Therefore, these are the only possible payment dates for next month.
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WHO CAN RECEIVE $4,873 FROM SOCIAL SECURITY IN MAY?
This large payment is only for those who file at the age of 70 and meet 3 other requirements. Bear in mind that this is only for workers who had jobs covered by the Administration.
So, if you had jobs covered by Social Security and filed at 70, you are closer to getting $4,873. What is certain, is that those who file at 70 get a 24% reward from the Administration.
What is more, this large payment is only for those who have worked for at least 35 years. Even if you just need 10 years of work to get a small Social Security payment, you need 35 years of work or more to get $4,873. Earning the taxable maximum for 35 years is the fourth requirement.
SOCIAL SECURITY AND PAYMENT DATE ELIGIBILITY
If you have earned the taxable maximum for at least 35 years in jobs covered by SSA and filed at 70, you will get $4,873 in May. The thing is, there will be 4 different payment dates.
May 3 will be when those on SSI and Social Security get their money. If you are on retirement benefits before May 1997, May 3 will also be your payment date.
May 8, 15, and 22 could also be paydays for those who get $4,873. It will depend on your birthday when you collect your payment. Birth dates from 1-10 get it on May 8, from 11-20 on May 15 and from 21-31 on May 22. Have the requirements into account to increase your benefits even if you cannot get $4,873.