Only These Retirees Will Receive A New Social Security Check For $4,873 Within Hours

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Social Security benefits are payments provided by the government to help retirees cover their living expenses. These payments are managed by the Social Security Administration (SSA) and are adjusted annually to keep pace with inflation through the Cost of Living Adjustment (COLA).

Who Gets the Maximum Social Security Payment?

To receive the maximum payment, individuals must start collecting benefits after May 1997 and have a birth date between the 21st and 31st of any month.


How to Qualify for Benefits

Most workers qualify for benefits by earning 40 credits, which equals about ten years of work and paying Social Security taxes. Younger workers or those facing disabilities can qualify with fewer credits, earning up to four per year.

Additional Checks for Retired Americans

Your full retirement age (FRA) affects your benefits, with different payment amounts based on when you retire:

  • Retire at 67 (current FRA in 2024): $3,822 per month.
  • Retire at 62: $2,710 per month.
  • Retire at 70: Maximum payment of $4,873 per month.

Social Security Payment Dates

Payment dates vary depending on when you started collecting benefits:

  • For those collecting before May 1997: Payments are made on the 3rd of each month.
  • For those collecting after May 1997: Payments are staggered in July based on birth dates.

Factors to Consider When Claiming Social Security Benefits

Several factors influence when to claim benefits, including financial needs, life expectancy, and marital status. Early retirement offers earlier payments but lower monthly amounts, while waiting can increase your benefits.


Understanding your Social Security benefits is crucial for planning your retirement. Whether you’re nearing retirement age or already retired, knowing how these payments work and when you’ll receive them can help you make informed decisions for your future.


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By Arnia
A Certified Public Accountant specializing in personal finance and taxation. Arnia engaging writing style and deep understanding of tax codes make her articles a must-read for individuals seeking to maximize their tax savings.
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