Seniors, Get Ready: Important Social Security Payment Dates for December 2024

Seniors, Get Ready: December 2024 Social Security Payment Details

December is a crucial month for Social Security recipients as payments are scheduled based on specific eligibility criteria and birth dates. Here's everything you need to know to plan your finances effectively:
Recipients of both SSI and Social Security, as well as those who started receiving benefits before May 1997, will see payments earlier in the month.
Key Facts:
The average monthly benefit is $1,927, while the maximum possible benefit can reach $4,873 for those meeting specific career and retirement conditions.
December payments remain unchanged until January 2025, when the Cost-of-Living Adjustment (COLA) will take effect​​
Work for 35+ years to replace lower-earning years in your benefit calculation.
Delay retirement to age 70 for a higher monthly payout.
Ensure accurate information on the SSA portal for seamless payments.
Stay informed to manage your retirement income effectively and prepare for potential updates in January!
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