The Social Security Administration (SSA) has planned a significant round of payments for 2024, which includes a highly anticipated $4873 direct deposit check for eligible retirees.
These payments offer crucial financial support to millions of Americans who depend on Social Security as their primary source of income.
In this article, we will explore the payment dates, eligibility criteria, and how you can ensure you receive your benefits on time.
Social Security Payment Schedule for September 2024
The next series of Social Security payments is set to begin on September 11, 2024. The specific payment date you receive depends on your birth date:
- Born between the 1st and 10th of the month: Payment will be received on September 11, 2024.
- Born between the 11th and 20th: Payment will arrive on September 18, 2024.
- Born between the 21st and 31st: Payment will be sent on September 25, 2024.
These staggered payment dates help manage the large volume of transactions and ensure that all beneficiaries receive their payments promptly.
Eligibility for the $4873 Direct Deposit Checks
To qualify for the maximum Social Security benefit of $4873 per month, several key criteria must be met:
- Work History: You must have worked for at least 35 years, and during those years, you must have earned at or above the Social Security Wage Base limit.
- Age of Application: To receive the maximum payout, you must wait until age 70 to start receiving benefits. Early retirees, starting at age 62, receive lower payments.
- Taxes: You must have paid Social Security taxes on your income throughout your career.
For most beneficiaries, the amount received will be significantly less. As of June 2024, the average Social Security benefit stands at $1,919 per month.
Those who retire at age 62 will typically receive $2,710 per month, while those who wait until full retirement age (67) can receive up to $3,822 per month.
Payment Amounts Breakdown
| Age of Retirement | Average Monthly Payment | Maximum Monthly Payment |
|---|---|---|
| 62 years old | $2,710 | Not eligible for max benefit |
| 67 years old (Full Retirement Age) | $3,822 | Not eligible for max benefit |
| 70 years old | Varies | $4,873 |
The maximum monthly benefit of $4873 is only achievable by those who wait until age 70 and meet the above work and tax requirements.
Supplemental Security Income (SSI) and Next Payment Date
In addition to Social Security benefits, low-income seniors may also qualify for Supplemental Security Income (SSI). The maximum monthly SSI payment is $943. The next SSI payment date is October 1, 2024.
SSI is a federal program designed to help individuals with limited income and resources, and it works alongside Social Security benefits for those who qualify.
September 2024 Payment Schedule
To clarify the payment dates in September 2024:
| Payment Category | Date |
|---|---|
| Beneficiaries receiving SSDI (before 1997) | September 3, 2024 |
| Beneficiaries receiving SSI (before 1997) | August 30, 2024 |
| Birth date between 1st – 10th | September 11, 2024 |
| Birth date between 11th – 20th | September 18, 2024 |
| Birth date between 21st – 31st | September 25, 2024 |
Fact Check: $4873 Direct Deposit Checks
There have been some online rumors and misunderstandings about specific Social Security payments, including claims of large lump sum checks.
While it is true that the maximum monthly Social Security benefit can reach $4873, this amount is only achievable under certain conditions, such as delaying retirement until age 70. There have been no federal announcements in 2024 about any one-time, special deposit payments for $4873.
To avoid misinformation, always verify claims through official government sources, such as the Social Security Administration (SSA) website, or consult with a financial advisor to ensure accurate and up-to-date information.
Key Takeaways
- Maximum Social Security Benefit: $4873 per month, achievable if you retire at age 70 with a 35-year work history.
- Average Benefit: Most Americans will receive far less, with the current average being $1,919 per month.
- Next Payment Dates: September 11, 18, and 25, 2024, depending on your birth date.
- SSI Payment: The next SSI payment is scheduled for October 1, 2024.
FAQs
When is the next $4873 Social Security payment in 2024?
The next round of payments starts on September 11, 2024, for those born between the 1st and 10th of the month.
How do I qualify for the $4873 Social Security benefit?
You need 35 years of work history, full Social Security taxes paid, and must start receiving benefits at age 70.
What is the average Social Security payment in 2024?
The average monthly payment is currently $1,919.
Can I get both Social Security and SSI benefits?
Yes, if you qualify based on income and other criteria, you can receive both benefits.
How can I verify the $4873 payment information?
Visit the SSA official website or consult a financial advisor to get accurate information.
