Retirees relying on Social Security benefits can expect their payments as early as November 1. However, depending on when you filed and your specific situation, your payment date may vary. If you filed for Social Security in 2024, you’ll likely receive your payment starting November 13. Here’s everything you need to know about receiving Social Security in November, including who qualifies for the maximum benefit of $3,822 and important payment dates.
Early November Payments
Some retirees will receive their Social Security payments on November 1. This date applies to specific groups, such as individuals who filed for Social Security before May 1997. However, if you also receive Supplemental Security Income (SSI) due to having a low income and few resources, you won’t be eligible for the maximum amount of $3,822. In fact, your payment will likely be lower.
For those receiving both Social Security and SSI, November 1 is the date to watch for. Keep in mind that these payments are generally lower because SSI is designed to supplement income, not provide the full amount.
Social Security
The first round of mid-November Social Security payments will be issued on Wednesday, November 13. Retirees who are aged 66-67 and were born between the 1st and 10th of any month will receive their payment on this date.
To receive the maximum Social Security benefit of $3,822 on November 13, retirees must meet specific criteria:
- Filed for Social Security after April 30, 1997
- Do not collect SSI payments on November 1
- Worked for at least 35 years
- Filed for benefits at Full Retirement Age (66 or 67)
- Earned the contribution and benefit base throughout those 35 years
- Worked jobs covered by Social Security Administration (SSA)
If all these conditions are met, retirees can qualify for the maximum payment of $3,822. However, most retirees will likely receive a lower amount due to different work and filing histories.
Payments on November
Additional payments are scheduled for retirees later in November. If you were born between the 11th and the 20th, your payment will arrive on Wednesday, November 20. Similarly, retirees born after the 20th of the month will receive their payments on Wednesday, November 27.
These paydays are not exclusively for retirees aged 66-67. Retirees younger or older than this age range may also receive their payments on these dates, but the amounts will differ depending on their specific earnings and Social Security filing history.
Average Payments
The average Social Security payment for all retirees is approximately $1,920, based on August 2024 data. The Social Security Administration (SSA) has yet to update these amounts for future payments, and the average for retirees aged 66-67 may be slightly lower. Keep in mind that if you delay applying for benefits until age 70, you can boost your payments by as much as 24% due to delayed retirement credits. This option allows you to receive larger payments in exchange for waiting longer to claim your benefits.
2025 COLA
It’s important to note that the 2025 Cost of Living Adjustment (COLA) will not be reflected in the November 2024 payments. COLA adjustments typically begin in the following year and are designed to help Social Security recipients keep up with rising inflation and living costs. If you’re expecting an increase due to COLA, this will likely be seen in 2025 payments.
November will bring several rounds of Social Security payments, but the date you receive your payment depends on when you filed and your birth date. Retirees born between the 1st and the 10th will receive their payments on November 13, while those born between the 11th and the 20th will be paid on November 20, and those born after the 20th will receive theirs on November 27. Keep an eye on these dates to stay on top of your benefits and ensure that your payment is processed on time.
If you’re aiming for the maximum Social Security benefit, make sure you meet the criteria regarding work history, income, and filing at Full Retirement Age. Finally, remember that delayed retirement credits and future COLA increases can further enhance your benefits down the road.
FAQs
When will I receive my Social Security payment if I filed in 2024?
You’ll likely receive it from November 13 onward.
Who qualifies for the maximum Social Security payment of $3,822?
Those who filed after April 30, 1997, worked 35 years, and filed at Full Retirement Age.
What is the average Social Security payment in 2024?
The average payment is approximately $1,920 for all retirees.
Will I get my November payment on the 1st if I collect SSI?
Yes, those receiving both Social Security and SSI may receive payments on November 1.
Can I boost my Social Security by waiting until age 70?
Yes, delaying your retirement benefits until 70 can increase your payments by up to 24%.
