If you’re 62 years old and haven’t yet received your Social Security payment in September, you’re likely eager to see that deposit or check arrive. For those who were high earners during their working years, the payment could be as much as $2,710. However, even if you weren’t a high earner, you may still expect a payment close to the average Social Security benefit of $1,919. For those who delayed retirement until age 70, the amount could reach up to $4,873.
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Next Social Security Payment in 24 Hours
For those aged 62 or older who are currently receiving retirement benefits and meet specific requirements, the next Social Security payment is scheduled to be deposited or mailed on August 28, 2024. This payment will provide crucial financial support as we move into September.
Requirements to Receive Social Security on August 28, 2024
To qualify for the Social Security payment on August 28, 2024, you must meet the following criteria:
- Applied for retirement benefits: You must have applied for your Social Security retirement benefits at age 62 or later.
- Approval from the Social Security Administration: You must have received approval for your retirement benefits from the SSA.
- Not receiving Supplemental Security Income (SSI): If you are not currently receiving SSI benefits, you may be eligible for the August 28 payment.
- Started receiving benefits after April 30, 1997: If your benefits began after this date, you remain eligible for the August 28 payment.
- Continued eligibility: You must still meet the eligibility criteria for Social Security retirement benefits.
If you do not qualify for the Social Security payment on August 28, you may still receive Supplemental Security Income (SSI) on August 30, 2024. The SSI payment is scheduled for August 30 instead of September 1 because September 1 falls on a Sunday, and SSA offices are closed on that day.
Who Can Receive $2,710 from Social Security on August 28 and $1,415 from SSI on August 30?
To receive the maximum Social Security payment of $2,710 on August 28, you must have been a high earner during your working years. Specifically, you must have earned the taxable maximum income for at least 35 years, which is the minimum number of years required to qualify for the highest possible Social Security benefit.
Additionally, if you qualify for Supplemental Security Income (SSI), you could receive up to $1,415 on August 30, 2024. This payment provides extra financial assistance for eligible individuals and couples with limited income and resources.
As a 62-year-old retiree awaiting your September Social Security payment, it’s essential to know the payment schedule and requirements. Whether you’re expecting a high payment or something closer to the average, staying informed will help you better plan your finances. Be sure to check your eligibility and look out for your payment on August 28, 2024, and remember that if you qualify for SSI, another payment may arrive on August 30.