First Social Security payment in October for retirees… before COLA announcement – Here’s all you need to know

Oct. 6, 2024 - La Grada EN

Next week, on Wednesday, October 9, the Social Security Administration (SSA) will send a new Social Security payment to retired Americans who began receiving benefits after May 1997. Also, remember that you can access your My Social Security Account to learn more about your payment amount and other subjects related to Social Security.

How much money will retirees earn in the next Social Security payment? To qualify for the maximum Social Security payment, retirees should meet special requirements, such as having paid payroll taxes based on the maximum taxable earnings for the last 35 years. The Social Security account allows you to calculate your predicted future income and see how it affects your retirement age scenarios.

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