Some Social Security recipients in the United States are still waiting for their November payments. In fact, you could get your retirement benefits check or direct deposit up to $4,873. Many have already collected their money this month; however, others are waiting for their money to get to their wallet so they can make the purchases needed and have cash for Thanksgiving and Christmas.
In addition to being at least 62 years of age and having filed, you must also meet other necessary requirements to receive any of the last three payments for the month. For instance, your birth date has to be met to get Social Security in 1 day. You will not receive it, or else. Remember that this won’t be the last payment of the month. Deposits will be paid out to SSI recipients on November 29.
$4,873 Social Security payment for those born in
If you were born from the 1st to the 20th of any month, then your next Social Security payment will be issued on November 27. That is on the Wednesday after the first Monday in November.
Remember that if you don’t receive retirement benefits but instead receive Social Security Disability Insurance payment, you will receive a check too on this day; however, your SSDI check may only be up to $3,822.
In fact, the payments being made on November 27 will not be to those receiving benefits before May 1997. Neither will it be for the recipients of SSI and retirement benefits at the same time.
$4,873 and its eligibility requirements set by Social Security
If you get a Social Security payment of such a big amount, you have to be in line with all the rules. For example, if you have worked 35 years in jobs covered by SSA, you must have worked for those 35 years.
Furthermore, you need to file in order to take advantage of delayed credits if you haven’t already done so at the age of 70. It’s even harder, though, because if you do manage to get all these 3 things, it won’t be enough—there’s one condition that’s even more difficult.
In fact, you must have also earned the taxable maximum for 35 years, summing up:
- worked for 35 years
- had jobs that paid payroll taxes
- filed at 70
- earned the contribution and benefit base for 35 years
Conclusion
It’s a complicated and stressful process to navigate Social Security payments, even more so during the busy holiday season. It’s worthwhile to know, too, the ins and outs of who is entitled to Social Security benefits and what the general wage-earning and payment schedules are. For Thanksgiving and Christmas, many have already cashed their checks and expect to use their funds to cover necessary expenses.
For eligible individuals, especially those who match the birth date requirements plus other qualifications, Social Security payments will arrive shortly. But it’s important to understand the very granular eligibility criteria: You have to work 35 years in jobs covered by SSA, and you’ve got to file for the delayed credit at 70 to get the very maximum.
Patience is key when waiting on payments, whether it’s retirement or Social Security Disability Insurance, so check for updates regularly and take your due payments. Since the announced SSI payments on November 29, make sure that you meet all of the conditions necessary not to have any delays on payment. Keeping this vigilance will help you handle your finances properly during the festive season and other times.
FAQs
Q. When will I receive my Social Security check if I was born between the 1st and 20th of the month?
A. If you were born between the 1st and 20th of any month, your next Social Security payment will be issued on November 27, which is the Wednesday after the first Monday in November.
Q. How much can I expect to receive from my Social Security payment?
A. Eligible retirees can receive up to $4,873 from their Social Security payments, while those receiving Social Security Disability Insurance (SSDI) can receive up to $3,822.
Q. What are the eligibility requirements to receive the maximum Social Security payment?
A. To receive the maximum Social Security payment, you must have worked for 35 years in jobs covered by the Social Security Administration (SSA), filed for delayed credits at the age of 70, and earned the taxable maximum for 35 years.
Q. Will I receive my Social Security payment if I receive both SSI and retirement benefits?
A. No, the payments issued on November 27 will not go to those who are receiving both Social Security retirement benefits and Supplemental Security Income (SSI) at the same time.
Q. What should I do if I haven’t received my Social Security payment?
A. If you haven’t received your Social Security payment, it’s important to check for updates regularly and ensure that you meet all eligibility conditions to avoid any payment delays, especially during the busy holiday season.