Last January payment from Social security arrived on January 24th. The administration has scheduled the first check in February for Supplemental Security Income (SSI) recipients.
It is true that some retirees also qualify for SSI. But you can't get SSI unless you're 65, disabled, or blind. So 62-year-olds may not receive SSI on February 1, 2024.
Retirees at age 62 may not get a new one Social security check back on February 2nd. This payday is only for those who applied for retirement benefits before May 1997 or are receiving SSI. So in most cases it is not possible. However, people who are disabled and age 62 can receive SSI and the February 2nd payment.
SOCIAL SECURITY PAYMENTS UP TO $2,710
The administration can send payments to 2710 dollars if you are 62 years old. This is the biggest benefit for this age group in 2024. However, it is not easy to qualify for them.
To receive Social security payments worth up to $2710 you must have paid a lot of taxes to the administration. Working in jobs not covered by the SSA makes it impossible to receive retirement benefits.
So if you have earned the taxable maximum for at least 35 years, you will be entitled to payment of $2,710 at 62. Keep in mind that early retirement means a reduction in your future payments.
This could mean saying goodbye to 30% of your retirement benefits. Late retirement can give you an extra 24%, so it's up to you to choose when is the best time to file Social security.
WAGES FOR 62 YEAR OLD
Whether you're entitled to a Social Security payment of $2,710 or an average check worth $1,907 or even less moneynext paycheck will be on february 14th.
So if you started getting Social Security from May 1997 onward, you won't get your check starting February 2nd. To receive your payment on February 14th, your birthday must be between 1 and 10.
If your birthday is between 11 and 20, you will receive your social security payment on 21 February. 62-year-olds can also get their money on February 28, but only if their birthday is between the 21st and 31st.
The rest of the pensioners may have the same salaries. However, if they filed at full retirement age or at age 70, their payments will be much higher. For example, seniors could receive $4,873 at age 70 if they earned the taxable maximum for 35 years and filed at that age in 2024.