Today will be the last of the payments for thousands of United States citizens with a Social Security check. The United States Administration that sends out pensions and benefits will no longer send checks to this group in all of 2023.
As with this group, there are two more groups that will not be able to collect a new retirement check this year. So these groups will have to wait until next year 2024 to be able to get a payment. Mind you, that other payment will have the COLA included.
Regardless of which retiree group we belong to, the December check will be the last one with a maximum amount of $4,555. The remaining payments will come with the COLA added, which will mean they will have 3.2% more than the current amount.
Therefore, if you are currently collecting a Social Security check and meet certain conditions, you will be able to collect a payment of up to $4,555 this week. If you don’t qualify, but you do collect a Social Security payment, you still get your monthly check, but on a different day. Will you qualify for the new payment?
HOW TO GET A PAYMENT OF UP TO $4,555 FROM SOCIAL SECURITY THIS WEEK?
The conditions for having a check for up to $4,555 in your bank account this week are very simple. The payments of this benefit will reach only one group of retirees, as we have already mentioned. This group will be beneficiaries whose birthdays are between the 11th and 20th of the month.
Usually this group will get their check in the third week of the month, but this month has started a little later. The check for this benefit will appear on the 20th day of December, making it the fifth week of the month. This is later than usual, but it is still the third Wednesday of the month.
Just so we are clear on the requirements, let’s look at the two mandatory ones:
- Have had a Social Security benefit since after 1997.
- Have a birthday between the 11th and 20th of any month.
If in addition to meeting these two conditions we have Direct Deposit, it is possible that our check will arrive on the same day it is sent. Americans who do not activate this will have the money available in the days after the payment is sent. Typically the money will arrive 3 to 5 days later.
HOW TO GET THE MAXIMUM RETIREMENT CHECK?
It is possible to reach the maximum of $4,555 in 2023 if we plan ahead for retirement. In order to reach the maximum Social Security check, regardless of our year of retirement, we must take into account three aspects.
The three aspects are as follows:
- Retirement age.
- Years worked.
- Salary as a worker.
To reach the highest figure, which will be $4,700 in 2024, it is mandatory to retire at age 70 and to have worked for 35 years with a good salary. If we do not meet these requirements we should at least manage to be very close to them in order to have the highest Social Security check within our possibilities.