$4,873 Social Security Payments Arriving in 2 Days for Eligible Retirees

The Social Security Administration (SSA) continues issuing payments for November, and many recipients are eagerly awaiting their checks or direct deposits. Whether you’re a retiree or a Social Security Disability Insurance (SSDI) beneficiary, understanding the payment schedule, eligibility requirements, and payment amounts is crucial to ensure you receive the correct benefits. Here’s a breakdown of the key details for November’s payments.

Payment Schedule

Social Security payments in November are staggered to ensure a smooth distribution. Here’s how the remaining payments are scheduled:

• November 27 Payment:
  This payment is for individuals born between the 21st and 31st of any month.
  SSDI beneficiaries also receive payments on this date, with a maximum payment of up to $3,822.
  Note that recipients who began receiving benefits before May 1997, or those who qualify for Supplemental Security Income (SSI), will not receive this payment.
• November 29 Payment:
  SSI recipients will receive their monthly deposit on this date. The payment is issued early because December 1 falls on a weekend.

Payment Amounts

The maximum Social Security retirement payment for eligible recipients can reach up to $4,873. However, not everyone qualifies for the maximum amount. SSDI beneficiaries may receive up to $3,822, depending on their work history and lifetime earnings.

Also Read – SNAP December Payment Dates 2024 – Full Schedule for All States

Eligibility Requirements

To qualify for the maximum Social Security payment, you must meet specific criteria:

• Work History: You must have worked for at least 35 years in jobs covered by Social Security.
• Taxable Maximum Earnings: Over your 35-year work history, you need to have earned the taxable maximum amount (also known as the contribution and benefit base).
• Delayed Retirement Credits: Filing for benefits at age 70 is critical to maximizing your payments. Filing earlier will result in a reduced monthly benefit.
• Payroll Taxes: Your earnings during those 35 years must have been subject to payroll taxes under Social Security.

Special Considerations

• Payment Timing: Payments are issued based on your birth date. The November 27 payment is for those born between the 21st and 31st of any month.
• Combination of Benefits: If you receive both SSI and retirement benefits, your payment schedule may differ.
• Cost of Living Adjustments (COLA): Social Security benefits include an annual COLA to account for inflation, which can affect your future payments.

Maximizing Social Security Payments

Achieving the maximum payment of $4,873 requires careful planning. To reach this goal, you must meet all eligibility criteria, including delaying retirement until age 70, maintaining steady employment, and earning high wages over a 35-year period.

Also Read – IRS 2025 Tax Update: Key Provisions That Stay the Same

FAQs

Who gets the $4,873 Social Security payment?
The maximum payment is available to those who have earned the taxable maximum amount for 35 years and who file for benefits at age 70.

When is the next Social Security payment?
The next payment is on November 27, for individuals born between the 21st and 31st of any month.

What is the maximum SSDI payment?
The maximum SSDI payment is $3,822.

Who qualifies for SSI payments on November 29?
SSI recipients who do not receive retirement benefits are eligible for this payment.

Why is delayed filing important?
Filing for Social Security benefits at age 70 maximizes your benefits through delayed retirement credits, increasing your monthly payment amount.

By understanding the rules and planning ahead, you can ensure that you maximize your Social Security benefits and enjoy financial security during retirement.

source