Retired workers who have filed at the age of 70 can get 100% of their Social Security benefits and 24% extra thanks to delayed credits. However, some 70-year-olds may have filed at 62 and they may not qualify for an average check.
In fact, they may receive a much lower-than-average payment from Social Security. As of June 2024, 70-year-olds could get $2,067.92. After the 2025 COLA increase, those aged 70 get about $2,118 on average. This could be the exact amount you get on February 26, but it is unlikely because each worker has a different background.
70-year-olds & maximum Social Security payments
Believe it or not, Social Security can pay up to $5,108 if you meet special conditions in 2025. The first requirement is to apply for retirement benefits and to do so when you turn 70.
This is the moment when retirement benefits stop growing. And most importantly, when you get 8% extra for each year you have worked after Full Retirement Age. FRA is 67 if you were born after 1960.
Besides, you must have worked for 35 years at least in jobs covered by SSA. As you can see, requirements are getting tougher. Last but not least, you must have earned the taxable maximum for all those years too.
Which 70-year-old will get the maximum on February 26?
This will be your payment if you meet all the Social Security requirements and your birthday falls after the 20th. So, you must have been born from the 21st to the 31st.
Not all retirees aged 70 will get their payment on this date. Some may have been born from the 1st to the 10th. Therefore, their next payday will be due on March 12.
If your birth date is from the 11th to the 20th, your Social Security check of up to $5,108 will be delivered on March 19, 2025. SSI recipients who are also getting retirement benefits will get a check or direct deposit on March 3. Amounts will be much lower though because they qualify for a Federal program for low income families.
