2023-08-23 01:35:52
Seniors receiving Social Security retirement payments They will receive tomorrow, Wednesday, the last payment corresponding to the month of August for up to $4,555 dollars.s. This sum is given to those who delayed their retirement until age 70.
This is the third and final round of payments to be given this month and will be received by people born on or after the 21st of any month of the year.
The first two rounds of the month were shipped on August 9 and 16.
The first round of payments was given to people born before the 10th of any month, and the second was sent to those born between the 11th and 20th of any month.
Recipients only receive one check each month, but distributions are split into three installments that coincide with the period of the month in which they were born.
The maximum amount of money retirees can receive depends on their age at retirement, how long they have paid into Social Security, and how much money they have contributed to the program during their working years.
People can start receiving Social Security retirement benefits at age 62, but then they get the lowest maximum monthly payment, which can be as much as $2,572.
Then come people who retire at age 67, the normal retirement age, and receive the maximum payment of $3,627.
If someone decides to wait until age 70, the maximum age, they can get the higher monthly payment of up to $4,555 Dollarsaccording to what the Social Security Administration says.
Keep reading:
Social Security: who will receive payments of $914 dollars on September 1
· Who will receive monthly payments of $750 dollars for 15 months in the US.
· Social Security would have a cut of up to $17,400 dollars without a reform before Congress
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