According to Vibes.okdiario , Retirees in the United States may not have received their Social Security payment for December yet, as it is issued based on specific dates depending on your birthdate. For those born between the 1st and the 10th of the month, the payment will be issued on December 11. However, it’s important to note that if you receive Supplemental Security Income (SSI), you won’t receive your Social Security payment on this date.
The amount of the payment will vary depending on your earnings throughout your career. For December, the average Social Security retirement benefit is $1,927, though the amount can range from a lower amount for those with lower lifetime earnings to a maximum of up to $4,873 for high earners.
Upcoming Social Security Payment Dates:
- December 18: For those born between the 11th and 20th, payments will be issued. As with other dates, these retirees must have filed and been approved for benefits after April 30, 1997, and cannot be receiving SSI.
- December 24: For those whose birthday falls between the 21st and 31st, Social Security payments will be made a day earlier than usual due to the Christmas holiday falling on December 25. Payments will be sent out on December 24 instead.
Also Read – Goodbye to the $943 and $1,415 SSI payment amounts, bigger checks expected
Social Security Eligibility:
To receive Social Security retirement benefits, you must:
- Be at least 62 years old (note that early filing will result in reduced monthly payments).
- Have earned at least 40 work credits throughout your career.
- File for Social Security and wait for approval.
For those aiming to maximize their monthly Social Security payment, delaying retirement until age 70 can increase benefits by about 24%. In 2025, if you’ve worked for 35 years and earned the taxable maximum amount, you could be eligible to receive up to $5,108 per month, an increase from the 2024 maximum of $4,873.
Retirees should be mindful of the specific dates for their payments in December and plan accordingly. Remember, filing for Social Security early may lead to reduced benefits, but delaying retirement until 70 could provide a higher payout in your later years.
- Famous Dave’s Closes 2 Washington Locations Despite Recent Renovations - December 12, 2024
- Will the next SSDI payments in December bring the Social Security COLA increase in 2025? Find it out here - December 12, 2024
- U.S. retirees to get a new payment of $1,927 from Social Security today, or in 7 days - December 12, 2024
