Millions of Social Security beneficiaries are expected to keep their eyes on their bank accounts for two scheduled payments targeting those under the Retirement, Survivor, and Disability Insurance (RSDI) and Supplemental Security Income (SSI) programs. (Read About Social Security Increase 2025)
The extra pay is not available to everyone. A person’s birth date should fall within the 21st to 31st of the month, and he or she needs to have filed a claim for benefits since May 1997. The SSA determines various dates for its monthly cycle.
Key November Payment Details:
- SSI Payments Adjustment: Because December 1 falls on a Sunday, recipients of SSI will get paid on November 29. A couple may receive as much as $1,415, an eligible individual up to $943, and an essential person $472 extra.
- RSDI Payments: Qualified members will be paid on the fourth Wednesday, as scheduled. These include.
- Retirement Benefits: At an average of $1,900, with maximums of $4,873 to the age 70 retiree,.
- Survivor Benefits: Average amount received: $1,505; including $3,653 in benefit amount to families with two children.
- Disability Benefits: Average amount received: $1,537; including $2,590 in benefit amount to blind recipients.
COLA and Future Increases
The SSA’s 3.2% cost-of-living adjustment, or COLA, for 2024 already went into the above payments. A new 2.5% COLA for 2025 has been set, effective Jan. This change requires the benefit recipient to pay for inflation.
To maximize benefits on the $4,873 monthly cap, individuals need to delay filing up to age 70 and acquire 35 years of maximum taxable earnings. Beneficiaries should contact a financial advisor for more detailed instructions on qualifying for and maximizing their Social Security income.
It is important to understand these changes ahead of the time they come into play so that the changes are navigated most effectively.
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