Retirees aged 70 can opt for the largest Social Security payment in 2024. If you file when you turn 70 and you meet the rest of the conditions, you could receive up to $4,873. But they are too demanding.
Bear in mind that you must have earned the taxable maximum for 35 years, worked for all those years or sometimes more, and have jobs covered by SSA. If you do not pay enough Social Security taxes, you will not qualify.
Social Security payment in less than 1 week
To be accurate, the next payment from the Administration will be due on August 21, 2024. So, in just 6 days. Those who are receiving Supplemental Security Income are not eligible. But they are not the only group of recipeints who is ineligible.
For example, if you have been on benefits for over 27 years, you will not qualify either. This is because Social Security sends money to those on benefits before May 1997 on the third of September.
Moreover, your birthday will have to be after the 10th but before the 21st. So, those retirees aged 62 or older who meet all the previous requirements and have their birthdays from 11-20 will get money on August 21, 2024.
Social Security payment in less than 2 weeks
Another possibility to get a payment of up to $4,873 is to receive Social Security on August 28, 2024. So, eligible recipients will have to wait for almost 2 weeks to enjoy this monthly direct deposit or check.
The birthday requirement is also essential for this payday. If you were born from the 21st to the 31st, your payment will be due on August 28, 2024. As for the maximum amounts, they could be $4,873 for 70-year-olds, $3,872 for those aged 66 years and 8 months old, and $2,710 for 62 year olds.
The average payment for all retired workers is $1,918 as of June 2024. So, that amount may be closer to the amount many retirees get from Social Security. If your payment is too low, apply for SSI and SNAP benefits.
