Social Security $4873 Payment 2024 -The Social Security direct deposit of $4,873 is on its way this week, and millions of American retirees are awaiting it
If you haven’t collected your August retirement payment yet, Social Security will make sure you meet all of the necessary requirements so that you can receive your funds on August 28.
The first step is to file with the SSA. After that, you cannot be receiving SSI to receive money on August 28, 2024. This payment is not available for those receiving benefits prior to May 1997.
Social Security direct deposit on August 28 for retirees 62+
There is a requirement to have a birthday between 21 and 31 in order to get Social Security on the 28th of this month. Some seniors who have just qualified for retirement benefits may not know their payday is on the 28th.
It is usually the fourth Wednesday of every month that those born from 21-31 receive their third disbursement. However, sometimes SSA has to reschedule payments. Payments after the 28th will be as follows:
- In the case of receiving both SSI and Social Security benefits simultaneously or since before May 1997, Social Security is due on September 3.
- September 11 is the due date for retirement benefits for those born between 1 and 10
- On September 18, retirement benefits will be due to those born between November 11 and December 20
- On September 25, retirement benefits are due for those born between 21 and 31
The requirements for receiving $4,873 on August 28
According to the Social Security Administration, retirees receive an average payment of $1,919. If you meet four requirements, you can receive a check worth $4,873.
- People who have worked for at least 35 years
- Have earned the contribution and benefit base, or taxable income, for at least 35 years
- 70 years of age and have applied for Social Security retirement benefits
- Amount of payroll taxes paid to SSA for jobs covered by the Administration was sufficient
The Social Security benefits are worth up to $3,822 if you filed at full retirement age. Those who filed early can only receive up to $2,710 if they filed at full retirement age.
