Not all American retirees get their monthly paychecks in November. Some individuals received their Social Security checks or direct deposits on November 1, 2024. However, there will be three additional paydays.
As a result, some retirees will get Social Security benefits before others. Still, all payments will be made on time and without delay. On average, retirees will receive approximately $1,921.
Last Social Security payments in November
American retirees who are eligible for Social Security can receive payments until November 27, 2024. Retirees will receive their monthly pension on this day if:
- were born after the twentieth day of any month.
- Do not receive SSI funds.
- Did not receive Social Security before May 1997.
As a result, only those who filed and met all of the conditions will be entitled for a payment of up to $4,873. This will be the greatest payment if you filed at age 70, worked for 35 years in SSA-covered positions, and earned the taxable maximum throughout that time. Filing at Full Retirement Age allows you to receive 100% of your benefits. However, you will not profit from delayed credits and may only collect up to $3,822.
Next Social Security payment in November
The 2024 retirement benefit payment schedule shows two extra paydays in November, in addition to the final one on November 27. Some will receive Social Security benefits on Wednesday of next week.
As a result, if your birthday falls between January 1 and November 10, your payday will be Wednesday, November 13. If your birthday falls between 11 and 20, your next payment is due on November 20.
None of the Social Security payments in November contain the 2025 COLA increase. Retirees will not benefit from the 2.5% cost-of-living rise until January 3, 8, 15, or 22, 2025. The maximum amounts will be the same for the remaining three payments in November.
Nonetheless, not all retirees get the same amount. Some may receive reduced payouts because they worked for a short period of time, earned a modest wage, or filed at the age of 62.