New Age For Social Security Checks 2024: Overview, FRA, Eligibility Requirements, And Payment Schedule

The SSA has announced a New Age For Social Security Checks beginning in June 2024. The retirement age for Social Security has been raised by two months per year until it reaches 67 years. The complete retirement age for those who will turn 64 in 2024 is 67. The beneficiaries will receive the maximum benefit, which is $168600.

New Age For Social Security Checks 2024
New Age For Social Security Checks 2024; Source- MARCA

Overview

The Social Security Administration provides retired adults, the elderly, and people with disabilities with monthly checks that serve as their retirement income. On that same date, you will receive credit for your Social Security checks.

In the following payment month, you will receive money for a full month. Your exact age at which Social Security benefits begin depends on the year of your birth. These benefits begin when you turn 62.

Full Retirement Age

You will receive the decreased income from Social Security if you turn 62 years old before you turn FRA. If you were born in 1960 or after, the age at which you can begin receiving benefits is 67 years old.

The retirement age was previously 66 years if you were born between 1943 and 1954. However, as of right now, anyone born in 1960 or later is eligible to retire at any time when an additional 2 months have been added to the retirement age.

For those who turn 64 in 2024, the full retirement age is 67 years old. The benefits are given to citizens on the second, third, or fourth Wednesday of each month; the precise date will vary depending on when you were born.

If the beneficiaries are filing as a single taxpayer, they will receive $943 in payment; if they file as a joint couple, they would receive $1415.

Eligibility Requirements

  • You are at least sixty-two years old.
  • You are a resident of the United States.
  • You timely filed your income taxes.
  • You are going to obtain a legitimate Social Security number.

Payment Schedule

The people receive rewards on the second, third, and fourth Wednesdays. The recipients will receive their payments on the designated dates.

Particulars   Payment Date 2024
Social Security benefits for the individual whose birthday falls between the 1st and the 10th 2nd Wednesday of each month
Social Security benefits for the individual whose birthday falls between 11th and 20th 3rd Wednesday of each month
Social Security benefits for the individual whose birthday falls between 21st and 31st 4th Wednesday of each month
SSI benefits 1st date each month

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