In just 10 days, millions of retired seniors will get the first round of September retirement checks from Social Security, which can be worth up to $4,555 for those who retire at the age of 70.
Maximum payments for each retiree vary depending on a number of variables
In an article from Washington Examiner, people who were born between the first and tenth of their birth month will receive the first payment on September 13, which is the second Wednesday of the month. For individuals who were born between September 11 and September 20, the ensuing distribution will be made on September 20. For individuals who were born on or after September 21, the last wave will be sent out on that day.
The maximum payments for each retiree vary depending on a number of variables, including the retiree’s age. Seniors can get up to $2,572 per month if they retire at the earliest age of 62. The maximum monthly benefit for those who take early retirement at age 67 is $3,627, and the maximum monthly benefit for those who wait until age 70 is $4,555, according to the Social Security Administration.
Monthly retirement payments are also received by a different set of retirees. The category includes seniors who receive Supplemental Security Income and Social Security benefits, as well as retirees from the United States who no longer reside in the country and those who took their retirement before 1997. No matter what day of the month they were born, they will all be paid on September 7.
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In a report from Head Topics, SSA checks for disability insurance and supplemental security income are not the same as retirement benefits.
If Congress cannot agree on funding for the program before its trust expires in the following ten years, changes to the Social Security program will be required.
People already receiving Social Security would not be impacted by these potential changes, which include reorganizing the distribution of payments and the amount beneficiaries receive.
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