If you still don’t know the amount of your next Social Security payment in January, there is something you can do to find it out. For example, you can check it on your my Social Security account. The Administration issues notices to inform of the new amounts after the 2025 COLA increase. Hence, you can see how the 2.5% has improved your retirement, SSDI or even SSI benefit.
Bear in mind that the maximum retirement benefit payment at 62 is $2,710 in 2024. However, if you file at 62 and start getting your benefits in 2025, you could receive up to $2,831.
Requirements to get $2,831 from Social Security in 2025
No doubt, you can only receive such a large retirement benefit payment if you have been a high earner and you have worked for many years. Those citizens who did not pay enough taxes to SSA cannot qualify. Summing up, you must:
- file for Social Security
- apply at the age of 62
- have worked for 35 years
- have had jobs that paid payroll taxes to SSA
- have earned the taxable maximum for 35 years
As you can see, not all requirements are easy to fulfill. This is not easy because sometimes it is impossible to get a well-paid job that provides you with the taxable maximum amount for 35 years.
Social Security announces paydays in January for retirees aged 62 and older
If you are receiving SSI and Social Security, your next payday will be January 3. However, you do not qualify for this large check of $2,831 because you get SSI because you have a low income.
But if you qualify for retirement on January 3 because you began getting payments before May 1997, you may qualify for a large check. Then, there will be 3 rounds of Wednesday payments.
To get these monthly payments on January 8, 15, or 22, you must have been from from 1-10, 11-20, or 21-31 respectively. If you were a higher earner and filed at 70, you could get up to $5,108 in 2025.
