Collecting a Social Security check is what millions of American retirees are awaiting in November. The first payment for those who did not receive benefits before May 1997 will be on November 8.
Remember that not everyone qualifies for this payment. Apart from having filed for Social Security, you must have your birthday on some particular days, so make sure you are one of the candidates.
To see if you are eligible, your birthday must be from the first day of the month through the tenth. So, congratulations if you meet this key requirement to cash Social Security retirement benefits on November 8.
Amounts for November 8 Social Security payment
The amount of your Social Security payment will depend on 4 different factors. However, your check can be up to $4,555 in 2023. Since most seniors do not meet all the conditions, they cannot be eligible for such a large check.
If you have not worked for 35 years, SSA will reduce your monthly amount. That is the minimum you should get to get a larger payment. Those who have not paid taxes or not the right amount may get no check or a small one.
Retiring early sounds perfect, but it may be a way to let go thousands of dollars over time. Those who retire at 62 can get a reduction of about 30% said Social Security.
Delay retirement until you are 70, and you could get 24% more per month. Perhaps, you had enough money as a worker, but if your wage was average, this could affect the final amount you get in retirement. The more you earn as a worker, the higher your Social Security will be.
Upcoming payments for Social Security
The payment schedule that SSA revealed states that after November 8, there will be a payment on November 15. Without a doubt, you must also meet the same requirements as for the previous payment.
Stay vigilant against scams! If you receive a scam call, hang up and report it to https://t.co/YpLyXlJg3V. Remember, Social Security will never promise a benefit in exchange for personal information or money. pic.twitter.com/DyTfDter9B
— Social Security (@SocialSecurity) November 5, 2023
But, on this occasion, your birth date must fall between the 11th and the 20th. If that is so, you will receive a monthly check on November 15. The average payment, as of September 2023, is $1,841.
Some seniors may get less money while others may receive a lot more. The last Social Security payment will be due on November 22. In order to be eligible your birthday must be from the 21st to the 31st. Direct deposits will be ready on the same day of the payment.
Do not worry if your check does not arrive on the same day. Wait for three mailing days before you contact the Administration. Make sure you contact your bank or financial institution first. Be wary of scams not to lose your November payments, see the post above.