The Social Security Administration will send new payments in the coming weeks. People aged 62 will benefit from these monthly checks if they meet all the requirements that the Agency has established. Keep in mind that you may also be able to get your direct deposit if you are over 62 years old. Of course, as long as you are eligible to receive this retirement money.
Some retirees may be uncertain about whether their payment will arrive this week or not. In fact, it will not be delivered this week. The main reason why they will not be sent this week is because Wednesday, November 6, was the first Wednesday of the month and the SSA sends the next payments starting on the second Wednesday.
Payment Dates for 62-Year-Old People Who Receive Social Security Benefits
In fact, the Social Security Administration will not send a monthly payment until November 13, 2024. Therefore, the next check or direct deposit for 62-year-olds will be due in less than a week. Those born between the first and tenth day of any month will receive their Social Security check or deposit on November 13 if they do not break SSA rules.
- They began collecting Social Security after April 30, 1997.
- They are not beneficiaries of Supplemental Security Income
However, if you meet most of these requirements, but were born on a different date, your payment could be delayed by more than a week. Retirees aged 62 will receive their monthly payment on November 20 if their birthday falls between the 11th and 20th of any month. Or November 27 if it is between the 21st and 31st of any month.
Maximum Social Security benefit in 2025 According to their Ages
The maximum benefit of Social Security at ages 62, 66 and 70 in the year 2025, the Social Security goes through several important changes every year, to maintain the benefits aligned with inflation and general salary levels. A consequence of these annual changes is that the maximum profit of the Social Security usually increase. Below is the highest payment that retired workers can receive at different application ages in 2025.
- Age 62: $2,831
- Age 66: $3,795
- Age 70: $5,108
Here is something that is significant to learn: The age of application has a profound impact on the benefits. In 2025, workers retired that request him Social Security, retired workers who begin to receive benefits at 62 years of age, in other words, retirees who apply for Social Security Those 70 years old next year could receive an additional $27,324 in income for benefits annually compared to retirees who request Social Security at 62 years old.
What is needed for Retired Workers to Access the Maximum Social Security Benefit?
The Administration of Social Security uses three variables to determine the benefits For retired workers:
- Work history
- Lifetime income
- Application age. Retirees who optimize the first two variables will receive the greatest possible benefit at a given application age. But retirees who want the absolute maximum payment must apply for Social Security at exactly age 70.
If you receive the Social Security, expect to receive a notice of the new amount of your benefit as soon as early December 2024. Unlike previous years, the notice of COLA It will have a more simplified design and should not contain complex or overly complicated language. Your notice of COLA It will also include: Exact dollar amount of your new benefit, dates of your new benefit amount, any applicable deductions.