Direct payment worth up to $4,555 goes out to millions in 15 days.
Upcoming Social Security September Payments: Seniors to Receive Up to $4,555, with Three Distribution Waves
In an article published by Washington Examiner, in just over two weeks, millions of senior citizens are set to receive their initial retirement payments from the Social Security Administration for September, those who retire at 70 will potentially receive up to $4,555 for those who retire at 70.
Scheduled for September 13, the second Wednesday of the month, the first wave of payments will go to individuals born between the 1st and 10th of their birth month, offering them the opportunity to receive up to $4,555. Subsequently, a week later on September 20, the second round of payments will cater to those born in the following 10-day period, again up to $4,555. The final distribution, taking place on September 27, the fourth Wednesday of the month, will benefit those born on or after the 21st, also providing them with a potential payment of up to $4,555.
For another group of retirees, including individuals receiving both Supplemental Security Income and Social Security benefits, those retired prior to 1997, and U.S. retirees residing abroad, payments will be disbursed on September 7, regardless of their birthdate, offering them a payment of up to $4,555.
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Tailored Retirement Payouts: Birth Date and Age Determine Categories and Maximum Benefits, Including up to $4,555
The amount of retirement payment varies based on several factors, such as the age of retirement. Those who retired at the earliest age of 62 can receive a maximum monthly payment of $2,572, while those who retired at the full age of 67 can receive up to $3,627 per month.
For those who choose to delay retirement until the age of 70, they are eligible for the largest payment of up to $4,555 per month, according to the SSA.
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