Are You Getting $4,873 Social Security Payment Schedule for September 2024? Fact Check Inside!

As September arrives, countless retirees are eagerly anticipating their Social Security payments. For those who don’t qualify for the payment scheduled on September 3, there’s promising news: payments will begin on September 11 for retirees who do not receive Supplemental Security Income (SSI) and started getting payments after April 30, 1997. Some retirees may be eligible to receive a maximum of $4,873 on September 11, 2024.

Maximizing Social Security Benefit Payments in 2024

The Social Security Administration (SSA) will commence the next series of payments on September 11, 2024. Retirees who do not qualify for the September 3 payment and meet specific birthday criteria will see funds deposited into their accounts. Specifically, those born before the 11th will receive their payments on September 11, while those born between the 11th and 21st will have their checks issued one week later, on September 18.

The final payment for retirement benefits will be distributed on September 25 for those whose birthdays fall between the 21st and 31st, regardless of the year or month of birth. September 2024 is an important month for retirees in the United States, particularly for those who depend on Social Security benefits to cover their living expenses. For retirees who missed the initial payment on September 3, a second round of direct deposits will begin on September 11, providing an opportunity for some to receive up to $4,873.

$4873 Social Security Payment Schedule for September 2024

The Social Security Administration (SSA) will commence the second round of payments on Wednesday, September 11, 2024. This payment is specifically intended for retirees who were not eligible for the first payment, which was set for September 3. To be eligible for this payment, retirees must meet the designated birthday criteria. Retirees whose birthdays fall between the 1st and 10th of any month will receive their payments on September 11. Those whose birthdays fall after the 10th and before the 21st will receive their payments a week later, on September 18. Meanwhile, individuals born between the 21st and the end of the month will see their payments arrive on September 25.

Also Read: $500 – $1200 Per Month Direct Deposit Checks 2024

Importance of the $4873 Social Security Payment in September 2024

Social Security payments play a crucial role in the lives of millions of seniors aged 65 and older. These payments help cover various essential expenses, including:

• Daily Living Expenses: Such as groceries, utilities, and household items.
• Healthcare Costs: Including medical treatments, prescription medications, and health insurance premiums.
• Housing Costs: Covering rent or mortgage payments, property taxes, and home maintenance expenses.
• Entertainment and Leisure: Enabling seniors to enjoy activities, hobbies, and social outings.
• Taxes and Debt: Assisting in meeting tax obligations and managing existing debts.
• Travel: Allowing for visits to family and friends, exploring new places, and attending events.
• Hobbies: Supporting the pursuit of interests and hobbies that bring joy and fulfillment.

Social Security Benefits and Financial Concerns

Social Security beneficiaries often look forward to the annual Cost of Living Adjustment (COLA) to help them keep pace with inflation. For 2025, the COLA is projected to increase between 2.6% and 3.2% due to rising inflation. However, many seniors feel that recent increases have not fully covered their expenses.

Moreover, there is growing concern about the long-term sustainability of Social Security. Financial experts predict that by 2033, there might not be sufficient funds in the Social Security trust fund, which could affect benefits in the future. If the projected 3.2% COLA increase for 2025 is approved, here are the expected Social Security check amounts:

• On Average: $1,900 in 2024, increasing to $1,960 in 2025.
• At Age 62: $2,710 in 2024, increasing to $2,796 in 2025.
• At Age 67: $3,822 in 2024, increasing to $3,944 in 2025.
• At Age 70: $4,873 in 2024, increasing to $5,028 in 2025.

These changes are intended to ensure that Social Security remains a vital source of income for those who rely on it. However, policymakers must address the long-term sustainability of Social Security to secure benefits for future generations.

Eligibility Criteria for the $4,873 Social Security Payment

The Social Security Administration (SSA) is set to initiate the distribution of the upcoming payments on September 11, 2024. This date is specifically for retirees who meet the following conditions:

• They are not eligible to receive the payment issued on September 3.
• They began receiving benefits after April 30, 1997, and their birth date occurs on or before the 10th of any month.
• Individuals born between the 1st and 10th will have their Social Security payment deposited into their bank accounts on September 11.
• Those with birthdays between the 11th and 20th will receive their payments a week later, on September 18.
• Retirees born between the 21st and 31st of any month will get their payments processed on September 25.

$4,873 Social Security Payment for 2024

Program	$4,873 Social Security Payment for 2024
Administered By	SSA (Social Security Administration)
Country	USA
Amount	$4,873
Payment Frequency	Monthly
Eligibility	People with low income and who are disabled
Category	Finance
Official Website	www.ssa.gov

$4,873 Social Security Payment Dates for September 2024

Particulars	Social Security Payment Dates
Beneficiaries receiving SSDI before 1997	3rd September 2024
Beneficiaries receiving SSI before 1997	30th August 2024
Birth Date from 1st – 10th	11th September 2024
Birth Date from 11th – 20th	18th September 2024
Birth Date from 21st – 31st	25th September 2024

Payment Schedule and Maximizing Benefits

Many retirees seek methodical strategies to enhance their Social Security benefits. The maximum benefit amounts depend on the age at which one applies for these benefits:

• At Full Retirement Age (FRA): The maximum benefit is $3,822.
• At Age 62: The maximum benefit is $2,710.
• At Age 70: The maximum benefit is $4,873.

To achieve the highest possible benefit, it is advisable to postpone applying for benefits until reaching age 70. This approach allows individuals to capitalize on delayed retirement credits, which incrementally increase the monthly payment for each year that one defers benefits beyond FRA, up to the age of 70.

If applicants desire higher payments, they must qualify under specific criteria. It’s important to note that it’s rare for many individuals to receive such a substantial Social Security check or direct deposit.

To qualify for this, recipients typically need to have worked for 35 years, consistently contributed to the benefit base, and held jobs that paid sufficient taxes to the SSA. Some may receive a payment below the average. According to Social Security, the average retirement payment was $1,919 as of last August. If your earnings fall significantly short of this average, you should consider applying for SSI, which stands for Supplemental Security Income. This federal assistance will next be distributed on October 1, 2024, and can provide up to $943 to eligible recipients.

How to Claim $4,873 from Social Security in September 2024

The benefit payment will be made under the payment schedule to those who have previously claimed the payments. Follow the steps below to claim $4,873 from Social Security in September 2024:

1. Visit the SSA’s official site at www.ssa.gov.
2. Create a login ID and password to access the application form.
3. The Social Security online form will be displayed.
4. Complete the form by entering your initials.
5. Upload the necessary documents to prove your eligibility.
6. Review the form thoroughly before submitting it.
7. The Social Security Administration is expected to respond to your claim within a few days or weeks.

SSA Payment: Latest Information

SSI is a federal program that supports individuals with low income and limited resources. If eligible, you can receive extra financial help in addition to your Social Security benefits. The upcoming SSI payment is scheduled for October 1, 2024. The highest SSI payment for individuals is $943 per month. Applying for SSI can help offset lower Social Security payments during retirement.

It’s crucial to know when your Social Security payments will arrive and their amounts for better financial planning. Payments may be scheduled for September 11, 18, or 25, and various factors affect the benefit amount. The next SSI payment will be available on October 1, 2024, for those who qualify. The main objective of SSI is to provide a basic income level for individuals with limited financial means. For questions about eligibility or payment amounts, contacting the SSA is recommended for tailored assistance.

$4,873 from Social Security in September 2024: Fact Check

Claim: $4,873 Payment Schedule in September 2024

Fact Check: False

Reason:

There is no evidence to support this claim. No government agency or credible source has confirmed a $4,873 payment scheduled for September 2024. The timing and amount of any payments you might receive depend on your individual circumstances and the time it takes for the government to process your claim. Current programs such as Social Security, Supplemental Security Income (SSI), and veterans’ benefits have established payment schedules and amounts, none of which align with the reported $4,873 payment.

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