Millions of Americans rely on monthly payments from the Social Security Administration (SSA) to cover essential expenses.
As November progresses, retirees and eligible recipients should take note of the upcoming payment schedule and conditions for receiving checks worth up to $4,873. Here’s what you need to know about the remaining payments this month.
November 20 Payment Schedule
Who Is Eligible for November 20?
The second round of Social Security payments for November is set for Wednesday, November 20. However, not everyone will receive this payment. To qualify, you must meet these conditions:
- Not Receiving SSI Benefits: Supplemental Security Income recipients are excluded from this payment round.
- Started Benefits After May 1997: If you began receiving Social Security benefits before this date, you won’t be included.
- Born Between the 11th and 20th: This payment specifically targets individuals born within this date range, regardless of the month.
- SSA Compliance: You must remain eligible and adhere to SSA rules.
November 27 Payment
Another Social Security payment is scheduled for November 27. This payment applies to retirees born between the 21st and 31st who meet the other eligibility criteria listed above.
What About the 2025 COLA?
These November payments will not include the 2025 Cost of Living Adjustment (COLA), which begins in January 2025. For now, the average payment remains approximately $1,924.
High-Earner Payments: Up to $4,873
For retired workers who were high earners throughout their careers, Social Security offers the possibility of receiving checks as large as $4,873. However, achieving this maximum benefit requires meeting stringent conditions:
- Earned the Contribution and Benefit Base for 35 Years:
You must have consistently reached the taxable earnings cap for Social Security contributions over a 35-year period. - Delayed Filing Until Age 70:
By waiting until 70 to file for Social Security, you can receive delayed retirement credits, boosting your benefit by 24%. - Jobs Covered by SSA:
You need to have worked in positions where you paid Social Security taxes for at least 35 years.
If your payment still falls short of your needs, you may qualify for Supplemental Security Income (SSI) to supplement your income.
Maximizing Your Social Security
Tips for Retirees
- Work Longer, If Possible: Ensuring 35 years of substantial earnings can significantly increase your benefits.
- Delay Filing: Waiting until age 70 maximizes your payout.
- Check Eligibility for SSI: If your benefits are low, applying for SSI can provide additional support.
