Social Security payments are becoming an essential part of many retiree’s income. This money was supposed to be a supplement, but many seniors rely on it and they could not make ends meet without it.
The Administration has revealed when the next retirement and disability benefits are due. Social Security started sending the second round of January payments on the 10th.
| Important links |
|---|
| More News |
| PAYMENTS |
| stimulus checks |
| Social Security COLA |
However, there are no Social Security checks this week. In fact, the next SSDI and retirement checks will not be due until February 14. This is because the Administration sends these February checks on the second, third, and fourth Wednesday. So, it is not possible to schedule them earlier in the month.
UPCOMING FEBRUARY CHECKS FROM SOCIAL SECURITY
If you qualified for the February 2 payment, you are not eligible for any of the remaining checks. The Administration will ensure that all beneficiaries have filed after or in May 1997.
February 14 will be the next payday Social Security has scheduled. To get this check, you must have your birthday from the 1-10. After this payment, there will be another one the following week.
So, the second Wednesday payment will be due on February 21. Only those whose birthday is from the 11th to the 20th can be eligible for the February 21 payment from Social Security.
The last payday in February will be due on the 28th. Once more, only if you meet the birth date requirement you can get this money. So, if your birthday is from the 21st to the 31st, this check will be yours.
SSA AND PAYMENT AMOUNTS FOR FEBRUARY 2024
Each worker may receive a different amount. This will depend on your work and earnings history. So, most workers have a different background and that is why they get different Social Security benefit amounts.
Nevertheless, the maximum amount for retirement benefits is $4,873 at the age of 70 in 2024. If you file at Full Retirement Age, you could get up to $3,822. This is the same maximum amount for those on SSDI (disability benefits).
If you are 62 and you file for Social Security retirement benefits $2,710 is the largest benefit you could get. Average payments are much lower and most recipients may get these amounts.
For example, the average retirement benefit for 2024 is $1,907. If you are on SSDI, the average check is worth about $1,537. All Social Security beneficiaries receive 3.2% extra after the COLA boost.