The Social Security Administration (SSA) has announced the final two payments for retirees in July. If you missed the payments on July 3 and July 10, there’s still an opportunity to receive your retirement benefits if you meet specific criteria.
Eligibility
To qualify for one of the two remaining Social Security payments, you must have filed for and received approval from the SSA. Additionally, you should not be receiving Supplemental Security Income (SSI), you must not have been on benefits before May 1997, and you need to meet the birth date requirement.
July 17 Payment
On July 17, retirees born between the 11th and 20th of any month will receive their payment. If your birthday falls in this range, expect your benefit on this date. However, if your birthday is between the 1st and 10th, your payment was issued on July 10, and your next payment will be on August 14, 2024.
Payment Summary
| Birth Date Range | Payment Date |
|---|---|
| 1st to 10th | July 10 |
| 11th to 20th | July 17 |
| 21st to 31st | July 24 |
The average payment for retirees is approximately $1,916, regardless of the specific payday.
July 24 Payment
For those born between the 21st and 31st of any month, the payment date is July 24. The month and year of birth do not affect this date, as long as you have filed for Social Security and received approval. This payment will be the final opportunity for retirees to receive benefits in July.
Maximum Benefit
In 2024, the maximum benefit payment for retirees is $4,873 if you filed at age 70. However, if you filed early at age 62, the maximum benefit you can receive is $2,710.
Benefit Amounts
| Filing Age | Maximum Benefit |
|---|---|
| 62 | $2,710 |
| 70 | $4,873 |
Plan Ahead
Staying informed about your Social Security payment schedule is essential for managing your finances effectively. Mark your calendar with the payment dates based on your birth date to avoid any surprises. This ensures you receive your benefits promptly and can plan your expenses accordingly.
By knowing these details, you can ensure you stay on top of your retirement benefits and manage your finances wisely. Keep track of your eligibility and the payment schedule to make the most of your Social Security benefits.
FAQs
Who gets the July 17 Social Security payment?
Retirees born between the 11th and 20th of any month.
When is the final July payment for Social Security?
The last July payment is on July 24.
What is the average Social Security payment for retirees?
The average payment is $1,916 per month.
What is the maximum benefit if you file at 70?
The maximum benefit is $4,873 per month.
When is the next payment after July 10?
The next payment for those born from the 1st to the 10th is on August 14.
