Are you aged 62 to 70? If you are on Social Security retirement benefits and you have not collected your monthly payment yet, it may soon be in your possession. As a matter of fact, the next payday will be due on Wednesday, April 16. Do not worry if you are older than 70 because you may also qualify if you meet all the conditions.
The eligibility requirements to get the monthly payment on April 16 are three. In the first place, you must have been on Social Security after April 30, 1997. It is very important that you did not receive your first payment before May 1997. Or else, your next payday will be May 2, 2025. SSI recipients who are on retirement or SSDI benefits at the same time are also ineligible for the payment on the 16th.
Social Security beneficiaries born from 11-20
Being born from the 11th to the 20th will be the key requirement to qualify for the April 19 payment for retirement benefits. The Administration has confirmed that there will be both direct deposits and paper checks, depending on your request.
If you are still receiving paper checks, it is time to request a direct deposit to get a faster and more secure payment. Bear in mind that some banks may not have enough time to process millions of payments on time, some it can take up to three mailing days to get it.
If you have never filed for Social Security, you are not eligible regardless of your age. Anyway, if you are 62 years old and are thinking about retirement, make sure you know how it works. Monthly payments will be reduced if you file at 62.
Social Security payments of up to $5,108
Some retired workers who are on Social Security benefits can get up to $5,108 on April 16, 2025. This will be your payment amount if you:
- earned the contribution and benefit base for 35 years or more (also known as taxable maximum)
- worked for the same number of years as mentioned above
- filed for Social Security at the age of 70
- had jobs covered by the Social Security Administration and paid enough taxes
Of the 4 key requirements, having the largest earnings, equal to the taxable maximum or higher is one of the most difficult challenges. If you are not a higher earner, here are the average payments.
Retirees can receive about $1,980 on average. Still, many workers cannot even receive this average amount because they could not work for 35 years, they did not pay enough taxes or they had to file as early as 62.
If your Social Security payment is too low on April 16, 2025, check your eligibility for Supplemental Security Income. This Federal benefit can help low-income Americans boost their finances. On average, 65+ get $591 from the SSI program.
