Thanksgiving and Black Friday week arrive

As Thanksgiving and Black Friday week approaches, millions of recipients should monitor their bank accounts. The Social Security Administration has scheduled two large payments to some of its recipients. If you qualify for Retirement, Survivors, and Disability Insurance (RSDI) or the Supplemental Security Income (SSI) program, you will be among the beneficiaries receiving these payments. However, not all pensioners, survivors and disabled people will get the new payment, as only those who applied for benefits after May 1997 and were born between the twenty-first and thirty-first will be eligible to receive it. Therefore, if you are part of this group of recipients, learn more about the upcoming payment dates when you will receive the last payments of this month.

When will the Social Security Administration deliver the maximum $4,873 and $1,415 checks in November?

Since SSA has millions of payments to distribute each month, they created a monthly payment schedule so all recipients know their payment dates and mark them on their calendars. Nevertheless, some months come with changes due to weekends or holidays. For example, the last week of November has an important change for those receiving SSI benefits. According to Payment plan for social securitybeneficiaries from the SSI program will receive their benefits on November 29, as December 1 falls on a Sunday. This means that on Friday, November 29, recipients will receive the maximum payment of $1,415 if they file as a couple.

In addition, the federal agency will also send another Social Security check to those applying as individuals, worth up to $943. Finally, they are recipients who also fulfill significant person (EP) conditions will receive an additional payment of $472 in addition to the monthly payment for individuals or couples. It is important to emphasize that in order to receive this payment, recipients must first meet all of the essential eligibility criteria established by the Social Security Administration. On the other hand, RSDI recipients will also receive another Social Security payment on the fourth Wednesday of the month if they meet the previously mentioned criteria. According to the SSA, these retirees, survivors and disabled people will receive the following payment amounts:

It is important to note that these monthly benefits already include the 3.2% increase from Cost of Living Adjustment (COLA) for 2024. Since the Bureau of Labor Statistics has finally confirmed the new COLA for 2025, those values ​​will increase again in January 2025. Keep in mind that these monthly payments vary according to each program’s requirements. Therefore, if you are retired and you would like to earn the maximum benefit of $4,873 per month, you should first take delayed benefits until you reach 70 and have paid Social Security taxes according to the maximum taxable income for the last 35 years. Since meeting these requirements can be a challenging task, we recommend that you speak with a financial advisor or Social Security professional so that you can understand all the requirements and conditions, which can significantly increase your chances of qualifying for this monthly payment.

How Much Will Social Security Checks Increase Next Year for All Recipients?

Social Security has finally confirmed the 2.5% increase for all beneficiaries, meaning retired workers, survivors, disabled and SSI recipients will receive the new boost starting January payments. In other words, all of these beneficiaries will receive the following payment amounts to keep pace with inflation and cover all of their essential living expenses: