Big Social Security Checks of $4,873 Coming to Retirees Today
A new Social Security payment is set to be issued soon, with the United States Government confirming the upcoming distribution through the Social Security Administration (SSA). It’s important to note that only eligible retirees and certain recipients of Social Security Disability Insurance (SSDI) will receive this payment. If you haven’t received your check or direct deposit, you may still receive it next week if you’re eligible.
Payment Date and Eligibility
Eligible retirees who meet the following criteria will receive their Social Security retirement benefits on December 11, 2024:
- They began collecting Social Security payments after May 1997.
- They are not collecting Supplemental Security Income (SSI).
- They remain eligible for benefits.
For those who qualify, the maximum retirement benefit could reach up to $4,873. However, for most SSDI recipients, the largest payment will be $3,822, though amounts typically vary.
Who Will Receive $4,873?
The average retirement benefit in December 2024 is expected to be around $1,927. However, individuals who worked for over 35 years and earned the taxable maximum each year in jobs covered by Social Security may be eligible for a higher payment. Those who filed for benefits at age 70 can receive up to $4,873.
In contrast, those who filed at age 62 are eligible for a lower benefit of up to $2,710, while those who filed at Full Retirement Age (FRA) can receive up to $3,822. It is important to note that such high payments are relatively rare, with the majority of beneficiaries receiving amounts closer to the average.
Other Payment Dates
If you do not qualify for the December 11 payment, Social Security retirement checks will also be issued on December 18 and December 24, 2024.
If your payment amount is too low, consider applying for Supplemental Security Income (SSI) to increase your financial support. Be sure to check your eligibility and payment schedule to ensure you receive your Social Security benefits on time.
