Millions of Social Security recipients will receive their second round of retirement checks for December within four days.
Filers who retire at age 70 by Dec. 11 will receive payments worth up to $4,873 per check. Checks are paid to Social Security recipients born between the 11th and 20th of each month.
Social Security payments are based on a retiree's lifetime earnings and have no income-based limits, but the value of each check depends on their age at retirement. Citizens can become eligible for Social Security benefits starting at age 62, but they can earn more by taking longer to retire.
There are three waves in the monthly payment schedule for your regular Social Security check, all of which occur on Wednesdays. Occurs on Tuesday if Wednesday is a federal holiday.
The distribution of benefits is divided by the number of days in the month in which the recipient was born, and there are three waves. On Wednesday, retirees born between the 1st and 10th of the month received the first wave. The second round of benefits will be sent on December 18th to people born between the 11th and 20th of each month. Because Wednesday, Dec. 25 is a federal holiday, the third round of checks will be mailed out on Tuesday, Dec. 24 to people born between the 21st and 31st of each month.
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Those who retire at age 67 will receive a check of up to $3,822, those who retire at age 62 will receive up to $2,710, and those who delay retirement until age 70 will receive up to $4,873 per month. According to Social Security Administration.
Your monthly Social Security payments are different from other checks issued by the SSA, such as disability insurance and Supplemental Security Income, which are sent on a separate schedule. SSI payments are sent by the beginning of each month to recipients for people with debilitating disabilities that can affect their income.
