The next payment date for those over 62 is November 27. This is your pay day if your birthday satisfies the Social Security Administration’s requirements. Only those with substantial wealth will receive this large check or direct deposit. Those who have earned less will also be paid on the 27th.
A second payment will be made in December to those 62 and older who were eligible for retirement benefits and received a check prior to November 27. Retirement benefits will now be paid on December 3, 11, and 18. On November 24, those who retire on November 27 will receive their payout.
Were you born from 21-31? And did you get Social Security after May 1997?
If you answered “yes” to both, November 27 is when you will receive your next Social Security payment. Those born after January 20th receive their paycheck on the fourth Wednesday of each month.
However, on the fourth Wednesday in December, you will not receive your money. This is because your Social Security payment must arrive on a business day because December 25 is a federal holiday.
This means that on December 25, the money you owe will be deposited into your bank account. Thus, save aside funds for any last-minute Christmas buying you may require.
Which 62-year-olds can receive $2,710 on November 27 from Social Security?
On November 27, if you are 62 and retired, you will receive $2,710 from the Social Security Administration:
- have filed at 62
- have gotten approval
- have worked for 35 years
- have earned the contribution and benefit base for 35 years
- have had jobs covered by SSA
Individuals who are eligible for Social Security but have not yet filed may postpone retirement until they reach Full Retirement Age.
They can receive up to $3,822 in 2024 in this manner. Due to the 24% late filing penalty, those who file at age 70 may get up to $4,873.
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