Saint Valentine’s Day may not be a celebration you like, or you may love it. However, receiving a retirement payment worth up to $3,822 is something everyone loves.
Not all retirees get their payment on the same day. For example, if you started collecting money from Social Security before May 1997, your next check is due on March 1, not today.
To get a retirement payment today, your birth date must fall on one of the first ten days of any month. That is from 1-10. Of course, you must have filed and received benefits after or from May 1997.
WHO CAN RECEIVE $3,822 ON SAINT VALENTINE’S DAY?
Not all beneficiaries qualify for the same amount of money. If you qualify for $3,822 is because you earned the taxable maximum for 35 years and filed at Full Retirement Age.
By now, you must be wondering if someone can receive a larger or smaller check. Since Social Security uses your work and earnings history to calculate your payment amount, all beneficiaries have a different amount.
Of course, you could have a look at average payments. In fact, the average check in retirement is $1,909 as of January 2024. If you had a low salary as a worker, you may get a lot less. High earners who worked for 35 years and filed at 70 can get up to $4,873.
ARE THERE OTHER PAYMENTS IN FEBRUARY?
There is no need to worry about it. Retirement payments are not over yet. Actually, there will be two upcoming checks in February. On the one hand, if your birthday is from 11-20, you could get your check on February 21.
On the other hand, those retirees whose birthdays are from 21-31 will get their payments on February 28. Do not forget that the last three checks in February are only for those who got benefits from May 1997 onward, not before.
If you have not filed for retirement benefits yet, get your Social Security Statement. In this way, you will be able to know the possible amounts at different ages.
