According to Tododisca, On September 11th, many retirees will receive their Social Security benefits, with payments reaching up to $4,873 for Group 2 retirees. This marks the beginning of monthly payments for this group, which is significant as it sets the tone for other payments throughout the month.
Eligibility for Group 2 Payments
To qualify for the September 11th payment, retirees must meet two primary criteria:
- Post-May 1997 Social Security Check: Retirees must have been receiving Social Security benefits from after May 1997.
- Birthday Between the 1st and 10th: Eligible retirees must have a birthday falling between the 1st and 10th of any month.
An additional but optional recommendation is to have Direct Deposit activated for faster access to funds.
Maximizing Your Social Security Benefits
While retirees who have already applied for benefits won’t see an increase in their monthly payments, new applicants can maximize their benefits by:
- Delaying Retirement: Postponing retirement can lead to a higher monthly check.
- Meeting Work Requirements: A total of 35 years of work and a high benefit during those years can contribute to a larger check.
Ensure to check your eligibility and consider these tips to optimize your Social Security benefits.