If you were born in the USA and filed for Social Security retirement benefits after April 30, 1997, you may qualify for the next payment from the Administration.
Bear in mind that those who applied for retirement payments after April 30, 1997, get checks or direct deposits on Wednesdays. Generally, their paydays are on the second, third, and fourth Wednesday.
Why is Social Security sending the June 19 payment in advance?
There will be no retirement benefit on June 19 because it is a Federal holiday. Keep in mind that the Administration re-schedules payments when paydays fall on the weekend or holiday.
Instead, those born in the USA from 11-20 will get their monthly payment on June 18. As a matter of fact, it is the previous business day. SSA closes offices on Federal holidays and not doing so could cause financial hardship to those with a low income.
If you were not born in the USA but meet all the requirements you may also qualify for this Social Security payment. Workers must have earned 40 work credits to become eligible and filing is required to get approval.
How much can retirees get from Social Security on June 18?
After the 2024 COLA increase the maximum retirement benefit is worth $4,873. This large check or direct deposit is only for those who have been high earner for 35 years or more.
Filing at the age of 70 is also a condition to get $4,873, so make sure you pay enough taxes as you work to get so much money in retirement from Social Security. Average payments can be about $1,915 as of April 2024. SSDI recipients may also get money on June 18, average checks are $1,537 though.
If you just worked for 10 years and only got 40 work credits, you may get a very small check from the Administration. That could even make you eligible for Supplemental Security Income and SNAP (Supplemental Nutrition Assistance Program) benefits.