Millions of seniors can’t wait any longer to collect Social Security checks. These payments can go a long way toward helping them meet necessary expenses and cope with skyrocketing prices in the United States.
While the checks are coming in, many retirees need to have a good plan and budget to make ends meet and prepare for Christmas. If you did not qualify for Social Security on December 3, this check is more than likely yours.
However, you cannot receive this money from Social Security unless you have applied for benefits. You must apply, but it must have been after April 30, 1997. If you applied before May 1997, you will not receive this payment. In this case, you will have received it on December 3.
WHO WILL RECEIVE THE FIRST SOCIAL SECURITY PAYMENT IN DECEMBER?
In addition to not having applied for benefits before May 1997, you must have a specific date of birth. Otherwise, you will not be able to collect this average payment of about $1,841.
If your birthday falls between the 1st and 10th, you will receive this Social Security retirement check. Note that other birth dates do not qualify for this Social Security pay.
Social Security has arranged delivery of the checks based on both filing date and date of birth. In addition, these payments arrive on a Wednesday.
If you miss between the 1st and 10th, you must wait for the third round of Social Security payments, on the 20th and 27th respectively.
HOW MUCH MONEY CAN I RECEIVE IN MY DECEMBER 13 SOCIAL SECURITY PAYMENT?
On average, Social Security will send checks of about $1,841 starting in September 2023, according to SSA. However, the Administration may give some much higher payments. For example, they can pay up to $4,555 in 2023 at age 70. This amount will go up 3.2% starting in January thanks to the COLA.
To get this large payment of $4,555 you have to have worked at least 35 years. It is also mandatory to retire at age 70. The last requirement is to have an outstanding earnings record.
For example, if you want to receive $4,555, you must earn the maximum taxable income for 35 years. This maximum taxable base amounts to $160,200 in 2023. And it will increase to $168,600 in 2024.
So it is not a matter of earning a fixed amount each year, but of collecting the updated maximum taxable amount for 35 years. Undoubtedly, very few Americans will be able to reach these Social Security checks.
