Paying retirement benefits almost $60 more for this group of seniors 62 or older in 2 days

Payments are about to be shipped and millions of retirees are eagerly awaiting to receive theirs money in their bank accounts. Great news for this group of retirees who are eligible for a new check on January 24, 2024.

In this case, this payment is for some retirees who receive Social Security. If you have not applied for pension benefits, you are not eligible for this check. Apply now if you are at least 62 years old.

In truth, only some retirees who filed after or in May 1997 can get this payment. If you filed before May 1997, your next check will be due on February 2nd.

ELIGIBLE FOR NEARLY $60 EXTRA WHEN YOU PAY ON JANUARY 24TH

To get January 24th payment, you must have a birthday from 21-31. This means you must have applied for benefits after May 1997 and your date of birth is one of the last 11 days of the month.

The payments will add $59 to this group of seniors in U.S. retirement benefits

But who can get $59 extra? This extra money will depend on your payment quantity. In truth, some retirees may qualify for a larger increase, while others may receive much less.

For example, if you got an average payment worth $1,848 as of December 2023, you'll get an extra $59 in January. Then your new average check will be $1,907 in 2024.

There are 3 groups of older people who may get this payment increase this month. The payment days were January 3rd, 10th and 17th.

WHAT INCREASE CAN I RECEIVE ON 24 JANUARY IF I RECEIVE A DIFFERENT PENSION AMOUNT?

What you need to do is calculate 3.2% extra per month. For example, if you received $2,000 in December 2023, you could receive $2,064 on January 24. If you received half that amount, your new check will only increase by $32.

So if you received $1,000 in December, you would receive $1,032. Some adults may have received $3,000. In their case, they will receive $3,096. Note that the higher your paymentthe higher the 3.2% increase will be.

Even if it's the same rate for everyone, you'll collect more money. For example, a retiree who collects $4,000 in 2023 could get $4,128 in 2024. That senior gets an extra $128 a month.

Conversely, if you just received $1,000 in December 2023, you could get up to $32 extra per month. That's why it's vital to plan for your retirement in advance. The sooner you file, the lower yours is payment will be.

Related Articles

Back to top button