May is bringing huge Social Security payments for eligible 67-year-olds. As a matter of fact, four groups of retirees can collect retirement payments from the Administration in May.
The first group of retirees who can get up to $3,822 will get their money on May 3, 2024. This payment will be yours if you began getting money from Social Security before May 1997. Not all retirees will get $3,822, some may get an average payment of $1,913 and others much less.
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WHAT ARE THE REQUIREMENTS TO GET $3,822 FROM SOCIAL SECURITY IN MAY?
The first thing retirees must comply with is the fact they must have filed for retirement at Full Retirement Age. Not doing so can prevent you from getting the full maximum amount of $3,822.
The second thing they must have achieved is to have worked for 35 years. That will allow you to get the full amount and prevent you from getting a reduction from Social Security.
Earning the taxable maximum all those years is a must. Do not forget that if you had jobs not covered by Social Security you cannot apply for these retirement benefits in the USA.
3 SOCIAL SECURITY PAYDAYS AFTER MAY 3
If you do not qualify for retirement benefits on May 3, you may get a direct deposit or payment on May 8. This will only be possible if you got Social Security after April 30, 1997, and your birthday is from 1-10.
If your birthday fall from 11-20 and you also meet the filing requirements, you will get a Social Security payment of up to $3,822 on May 15. If you do not get cash on May 8 or 15, May 22 will be your payday.
May 22 is for those retirees aged 67, older, or younger, whose birthday is from 21-31. For your information, if you were a high earner and get disability benefits, you could also get up to $3,822 from SSDI on the same paydays.