Direct deposits and checks for 66-year-olds are due in August. The Social Security Administration will be in charge of delivering them on time. Even if all payments are scheduled on the day they should be, recipients will have to wait a little longer than in July.
This is because the second round of payments started on July 10 and it will begin on August 14, so 4 days later than in July. Anyway, all Social Security payments will be sent on time and you should only report a missing payment after waiting for 3 mailing days claims SSA.
66-year-olds and Social Security payments in August
The first of the last three Social Security payments in August will arrive on August 14 whether you are 66 years old, younger, or older. To get money on this payday, you cannot have received benefits before May 1997.
What is more, you cannot be receiving Supplemental Security Income benefit payments either. Social Security will ensure that all eligible recipients have their birthdays from the 1st to the 10th to send money on August 14.
66-year-olds can also receive a payment on August 21 if their birth date is from 11-20. For your information, the last August payment for retirees aged 66 will be on the 28 if they were born after the 20th. That is, from 21-31.
Maximum Social Security check at 66
In August, the largest Social Security payment for those aged 66 and 8 months is worth $3,822. That is in fact the largest retirement benefit payment at Full Retirement Age. Early filing at the age of 62 can shrink your payment.
A 62-year-old can only get a payment of up to $2,710. So, if you delay filing until you are 66 years and 8 months old, you could get up to $1,112 extra per month. Those who delay retirement until they are 70 can get 24% extra.
High earners who worked for 35 years and filed at 70 can receive up to $4,873. So, it is a much higher benefit payment than the one for those who file at 66 in 2024. The average payment for all retirees is $1,918 in August. The average check at 66 is about $1,740 claimed SSA.