$4,873 Social Security Payment Arriving in 6 Days – Check Your Eligibility Now

The Social Security Administration (SSA) is set to distribute new direct deposits to eligible retirees throughout September 2024. If you missed the September 3rd payment, don’t worry—you may still qualify for one of the upcoming payment dates. Depending on your birthdate and eligibility, you could receive your Social Security benefits on September 11, 18, or 25.

Here’s everything you need to know about these payments and how to determine your eligibility.

Payments

Social Security payments are issued based on your birthdate and when you began receiving benefits. Here’s how the upcoming September payment schedule breaks down:

• September 11: If you were born between the 1st and 10th of any month, your payment will be made on September 11, 2024.
• September 18: If your birthday falls between the 11th and 20th, your payment will be on September 18, 2024.
• September 25: If you were born between the 21st and 31st, your payment will be issued on September 25, 2024.

These payment dates apply to retirees who are not receiving Supplemental Security Income (SSI) and who began receiving retirement benefits after April 30, 1997. If you meet these criteria, your payment will be issued according to your birthdate.

Direct Deposit

The maximum Social Security benefit for retirees in September 2024 is $4,873. However, only a small group of recipients will receive this amount. To qualify for this maximum benefit, you must meet several key requirements:

• Work History: You must have worked for 35 years while earning at or above the taxable maximum income limit. This is the highest amount of income on which Social Security taxes are paid, and it changes each year.
• Retirement Age: The age at which you file for Social Security significantly impacts your benefit amount. To receive the maximum benefit of $4,873, you must delay retirement until age 70. Claiming benefits before full retirement age (FRA)—which is 66 or 67 for most people—will reduce the amount you receive.

It’s also important to remember that Social Security benefits can be reduced or stopped in certain cases. For example, if you continue to work and earn above the SSA’s earnings limit, your benefits may be reduced. Additionally, being in prison for more than 30 consecutive days can stop your payments.

Payment Breakdown

Here’s a quick look at how payments are scheduled for September 2024:

• September 11: Payment of up to $4,873 if born from 1st to 10th.
• September 18: Payment of up to $4,873 if born from 11th to 20th.
• September 25: Payment of up to $4,873 if born from 21st to 31st.

These payments will be sent via direct deposit, so it’s important to keep your bank account information updated with the SSA to avoid delays.

Benefits

To receive the highest possible Social Security payment, it’s essential to plan carefully:

1. Work for 35 Years: The SSA calculates your benefit based on the 35 years in which you earned the most income. If you don’t have 35 years of work history, the SSA will include zeros in your calculation, lowering your benefit.
2. Delay Filing Until Age 70: Waiting until age 70 to claim Social Security can increase your monthly payment by up to 32% compared to claiming at age 66. If you claim earlier, such as at age 62, your benefit will be significantly reduced.
3. Pay Social Security Taxes: Only earnings that are subject to Social Security taxes will count toward your benefit. If your job or business doesn’t pay into Social Security, those earnings won’t be considered when calculating your retirement benefit.

You Missed the Payment

The September 3 payment was for those who have been receiving Social Security benefits since before May 1997. If you didn’t qualify for this payment, you still have three more opportunities to receive your September benefit on September 11, 18, or 25, depending on your birthdate. Ensure you remain eligible by following the SSA’s guidelines, including working within the SSA’s earnings limits and keeping your information updated.

For most people, Social Security is a vital source of income in retirement. By knowing the payment schedule and knowing how to maximize your benefit, you can better plan for your financial future.

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