Retirement benefits are almost over in May, but Social Security will send the last payment on May 22. For your information, you will not receive this payment if you got one on one of the previous paydays (May 3, 8, 15).
Although the Social Security Administration only sends 4 payments for retirees every month, there are a total of 6 payment dates in May. This is because SSA schedules the SSI payments as well. In fact, SSI arrived on May 1 and will be due on May 31 instead of June 1.
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WHO QUALIFIES FOR SOCIAL SECURITY RETIREMENT BENEFITS ON MAY 22?
There is only one group of seniors aged 62 or older who will receive Social Security on May 22. It is true that if you are on SSDI (disability benefits) you could receive a check or direct deposit on the same day too.
If your birthday is from the 21st to the 31st, you will receive a new Social Security payment on May 22. Bear in mind, that the birthday requirement is not enough. Actually, you must have filed and got approval before.
It is only for those who also started receiving Social Security after April 30, 1997. So they can receive this money if they meet all these requirements. If they got benefits before May 1997, they do not qualify for the May 22 payment date.
WHO IS RECEIVING $4,873 ON MAY 22?
The Social Security Administration has confirmed that $4,873 is the largest retirement benefit in 2024. Visit their website if you cannot believe such a large payment exists at https://faq.ssa.gov/en-us/Topic/article/KA-01897.
Only those who file at the age of 70 can opt for this large payment if they meet 3 more conditions. Therefore, it is not rocket science to know how to earn so much money in retirement but it will be absolutely challenging.
Workers who have earned the taxable maximum for 35 years must have paid enough payroll taxes too. Thus, if you paid enough taxes to SSA and were a high earner you could expect up to $4,873.