In the United States, September is a crucial month for Social Security benefits for retirees. Retirees who meet the eligibility requirements may get direct installments of up to $4,873, contingent on their individual circumstances. On September 11, 2024, the first round of these Wednesday payouts will take place.
All the information you require regarding the Social Security payments for September, who is eligible, and how to get the most out of your benefits is provided here.
The schedule
This September, the Social Security Administration (SSA) will distribute benefits in three installments according to your birthdate:
- September 11: On this date, retirees who were born between the first and tenth of any given month and are not eligible for the
- September 3 payment will get their deposits.
- September 18: Checks for those born on the eleventh and twentieth will be sent out a week later.
- September 25: On this last day, retirees who were born between September 21 and September 31 will receive their benefits.
On September 3, if you began receiving Social Security benefits prior to May 1997, your payment will have already been made.
On the other hand, if you started receiving benefits after April 30, 1997, and you are not eligible for the early September payout, your payment will be made in accordance with the aforementioned timetable.
Amounts Paid
The maximum amount of Social Security benefits is contingent upon the date of your retirement filing:
- Maximum payment amount: $2,710 per month; filed at age 62.
- Maximum payment for filing at full retirement age is $3,822 per month.
- Filed at 70 years old: The monthly maximum payment is $4,873.
Nevertheless, getting the most advantage is uncommon. You would have to have worked for at least 35 years, earned the maximum annual contribution and benefit base, and paid enough in Social Security taxes in order to be eligible for such large payouts.
Payment
If you want to maximize your Social Security payment, you might want to file when you’re 70 years old. While waiting until full retirement age (usually about 66 or 67, depending on your birth year) or beyond will increase your monthly check, filing earlier, at age 62, will drastically cut your payouts.
Your highest 35 years of earnings will determine how much you get in Social Security payments. Working longer and making more money will help you offset years of lower income with years of higher income, which will raise your average indexed monthly earnings (AIME) and final benefit amount.
Small Amount of Payment
You may want to think about applying for Supplemental Security Income (SSI) if your Social Security benefits are much less than the average (about $1,919, based on Social Security data from last August).
The purpose of this federal grant is to assist those with low incomes and resources. October 1, 2024 is when the next SSI payment, which has a maximum value of $943, is expected.
Read Also: New Jersey Stimulus: $1,750 Checks on the Way for Eligible Residents
Date of Payment
| Birth Date Range | Payment Date |
| Received Social Security before May 1997 | September 3 |
| Born between the 1st and 10th | September 11 |
| Born between the 11th and 20th | September 18 |
| Born between the 21st and 31st | September 25 |
