The Social Security Administration says that people who are eligible for the retirement, survivor, and disability insurance (RSDI) program will get a new Social Security payment today.
For retirees, survivors, and disabled people who applied for benefits after May 1997, their birth dates must fall between May 1st and May 10th, and they must meet certain requirements, such as being at least 62 years old.
Having a reasonable work history, contributing to the system while working, and providing medical records, especially for those applying for Social Security Disability insurance (SSDI) benefits.
Beneficiaries who were born between the 1st and the 10th will get a new Social Security payment in hours
Today more than 64 million retirees will get another Social Security payment worth up to $4,873. To get the most money from Social Security, they must have paid taxes based on their highest taxable income over the last 35 years.
Besides the maximum benefit, they can get other amounts of money too, depending on their full retirement age (FRA) and the amount of payroll taxes they pay.
For example, people who claimed before the current full retirement age of 67 will be able to get up to $2,710, but people who waited until they turned 67 could get up to $3,822.
Because getting the maximum benefits could be hard, you should talk to a financial advisor or Social Security expert about your specific situation. This will increase your chances of getting more money in retirement.
The Social Security Administration (SSA) gives benefits to people who have died or become disabled, as well as to people who are retired.
If you are eligible for survivor benefits, you could get about $1,505 a month from Social Security. However, if you filed as an individual or have more than two children, your payment could go up to $1,773 or $3,822.
However, people who want to get disability benefits, specifically Social Security Disability Insurance (SSDI) benefits, must first show that they have a disability that makes it impossible for them to do the SSA’s minimum substantial gainful activity (SGA).
Aside from this, applicants must have worked for at least five of the previous ten years and paid Social Security taxes during that time. There are some exceptions. For example, if you are younger than 24, you might not have had to work during those years.
It is important to keep in mind, though, that disability payments might not cover all costs. Applicants might need to find other ways to make money.
Also, they have to meet the Social Security Administration’s definition of disability, which includes having serious health problems or a high chance of dying. According to SSA rules, these are all the payment amounts that survivors and disabled workers can get:
Social Security payments | Survivors benefits | Disability benefits |
On average | $1,505 | $1,537 |
Other payments | Individual: $1,773
2 children: $3,653 |
Blind recipients: $2,590
Maximum payment: $3,822 |
Learn more about the Social Security payment dates scheduled for this month
Based on the schedule for Social Security payments, three payments are still due to be sent this month.
If you started getting Social Security payments after May 1997, keep in mind that the government will adjust how often you get paid based on the day you were born.
Before you read any further, please make sure you understand when your Social Security payment will arrive:
- On November 13th (Second Wednesday). On this day, all recipients who were born between the first and the tenth will get their Social Security payment.
- On November 20th (Third Wednesday). On this day, all recipients who were born between the eleventh and the twentieth will get their Social Security payment.
- On November 27th (Fourth Wednesday). On this day, all recipients who were born between the twenty-first and thirty-first will get their Social Security payment.
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