Not every retiree in the United States gets paid every month in November. On November 1, 2024, some got their direct deposits or Social Security cheques. But three more paychecks are coming up.
For this reason, some retirees will get their Social Security benefits earlier than others. There won’t be any delays, though, and all payments will be made on schedule. Retirees will receive roughly $1,921 on average.
November’s final Social Security paychecks
Social Security benefits for eligible American retirees are due on November 27, 2024. On this day, retirees will get their monthly payout if they:
- Were born after any month’s twentieth.
- Do not receive benefits from SSI
- Prior to May 1997, they were not receiving Social Security.
Therefore, a payout of up to $4,873 will only be available to individuals who filed and fulfilled all of these requirements.
If you filed at age 70, worked for 35 years in SSA-covered employment, and earned the taxable maximum throughout that time, this will be the greatest payment.
You will receive all of your benefits if you file when you reach full retirement age. You can only get up to $3,822, though, and you won’t profit from delayed credits.
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November will see the next Social Security payment
Two additional November paydays are listed in the 2024 retirement benefits payment schedule, in addition to the final one on November 27. On Wednesday of next week, some people will receive Social Security.
Your payday will therefore be on Wednesday, November 13 if your birthdate falls between 1 and 10. If your birthday falls between November 11 and 20, November 20 will be the date of your next payment.
Social Security’s November payment does not include the 2025 COLA rise. The 2.5% rise in cost of living will not be available to retirees until January 3, 8, 15, or 22, 2025. For the final three payments in November, the maximum amounts will remain the same.
However, the amount that each retiree receives varies. Because they filed at age 62, had low wages, or did not work for a long time, some people might receive smaller payouts.
