Millions of Americans in retirement started receiving their Social Security benefits on December 3. However, this payment was only made to you if you began receiving retirement benefits before to May 1997. What if you received them later but are now receiving retirement benefits and Supplemental Security Income benefits in the United States?
Remember that you will receive three further payments from the Administration. They may take place on the second, third, or fourth Wednesday in December, but not always.
Not all Social Security payments will be issued on Wednesdays in December
If you were not eligible for Social Security on December 3, you are among the groups that receive benefits on December 11, 18, and 24. As you can see, the interval between the second and third installments is just six days.
This is due to the fact that the Social Security Administration does not issue checks on December 25. The cheques and direct deposits will therefore be made on the business day prior.
To be paid on either day, you must also fulfill the birthday condition. In this instance, your money will be sent on the eleventh, eighteenth, or twenty-fourth if:
- Dec. 11: born between the 1st and the 10th
- Dec. 18: born between the 11th and the 20th
- Dec. 24: born between the 21st and the 31st
How much will retirees receive from Social Security in December?
The Agency will pay retirees around $1,927 in December. This figure comes from the SSA sCOLA Fact Sheets. Your low income may be the result of filing at age 62, not working for 35 years, and receiving poor pay.
Up to $2,710 is available to those who retire at age 62. Naturally, you had to have held government-sponsored positions and earned a lot of money for at least 35 years.
People over 70 can receive up to $4,873 in December 2024. If you filed when you were 66, you may receive up to $3,822. The COLA for retirees will be distributed on January 3, 8, 15, and 22 of this year.
See Also: IRS 401(k) and the 50-year-old and older taxpayers’ 2025 contribution cap
Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!
Eliot Pierce is a dedicated writer for ChiefsFocus.com, covering local crime and finance news. With a keen eye for detail and a passion for storytelling, Eliot aims to provide his readers with clear and insightful analysis, helping them navigate the complexities of their financial lives while staying informed about important local events. His commitment to delivering accurate and engaging content makes him a valuable resource for the community.