If you are already planning your budget for September, there will be Social Security payments on September 3, 11, 18, and 25. However, the amount of your payment will depend on your earnings as a worker, the age you filed for benefits, and the taxes you paid to SSA.
The largest retirement benefit payments will be $4,873 if you filed at 70, up to $3,822 if you filed at Full Retirement Age or FRA (66 years and 8 months old in 2024), and up to $2,710 if you applied for Social Security at 62.
Social Security requirements to get up to $4,873
The main requirements to get $4,873 in 2024 are to file at 70, work for at least 35 years, pay enough taxes to SSA in the jobs you have and earn the taxable maximum for 35 years too. If you file at FRA or at 62, and meet the rest of the requirements, you check shrinks.
Depending on whether you meet all the requirements or not, you will qualify for a large or a small monthly payment in the United States. Bear in mind that it will be easier to achieve $2,710 at 62 because you will have to work for fewer years.
However, delaying retirement until you are 70 could be advantageous because you will have more time to be successful. What is more, you will benefit from a 24% reward from Social Security.
When can recipients get up to $4,873 from Social Security in September?
Some may get the largest benefits on September 3, 2024, if they started getting retirement benefits before May 1997. However, even if you can get retirement benefits on the 3rd because you are on SSI, your payment will be much lower.
Other retirees can get up to $4,873 on September 11 if their birthday is from 1-10. Of course, they must have gotten benefits after April 30, 1997, but not before that key date. Those seniors who do not qualify for a papayemnt on the 3rd or the 11th can receive it on September 18 if their birthday is from 11-20,
The September 28 payment will only be for those whose birthday is from 21-31. So, after the 20th. If you are still working, make sure you talk all the key requirements to get the largest payments and make the most of your Social Security checks in the future.