Luckily, some eligible retirees can still receive a direct deposit or Social Security check worth $4,873. So, yes. It is possible for some recipients to get so much money in the 3 upcoming payments.
The thing is only a small percentage of American workers can receive the largest Social Security payment. The reason why very few qualify is because they file early, they have not worked for the minimum number of years and they did not have a high wage.
Who can receive $4,873 from Social Security in June?
Retirees who meet 4 essential conditions can get almost $5,000. Needless to say, the Social Security Administration will ensure that you qualify. If you are on SSI or SSDI you do not qualify. SSI is for low-income recipients and to get SSDI you may have stopped working before reaching retirement age.
First and foremost, you must have jobs covered by Social Security and you must file at 70. Do not forget that filing at 70 can give you a 24 percent extra per month.
If you file at Full Retirement Age you can just get 100% of your benefits, not 124%. What is more, you must have worked for 35 years and earned the taxable maximum all this time.
When can American retirees get $4,873 from Social Security in June?
If you did not qualify for the payment from the Administration on June 3, the next payday will be on June 12. So, if you earned the taxable maximum for 35 years in jobs covered by SSA and applied for Social Security at 70, you could get it on June 12.
As long as your birthday is from 1-10, June 12 will be your next payment date. Just six days after this payment, SSA has scheduled another payment on Tuesday, June 18.
Eight days after the June 18 payday, the Administration will send more money to eligible retirees. June 26 could be your payday if your birthday is from 21-31.
