The United States Social Security Administration (SSA) has authenticated that retirees entitled to retirement payment will receive the amount of the retirement payment on April 9, 2025. Payment will be deposited into a bank account or be presented through check. This post specifically deals with the maximum and mean Social Security payments when individuals retire at the age of 62 or 70. ### How can I get my Social Security payment on April 9?
If a retiree wishes to receive his Social Security payment on April 9, he should have the following criteria:
- You began receiving Social Security after April 30, 1997.
- You are not receiving Supplemental Security Income (SSI).
- You qualify and abide by the SSA regulations.
- You were born between 1st and 10th (of any month).
If an individual fulfills all the above criteria but his date of birth is between 11th and 20th rather than 1st to 10th, then he will receive this payment on April 16. Likewise, individuals born between 21st and 31st will receive the payment on April 23.
Maximum Social Security payments at ages 62 and 70
Claiming Social Security benefits at age 62 lowers the size of your monthly payment since the SSA slashes it by approximately 30% for those who retire at this age.
Age 62 maximum and average payments
- Maximum amount: An individual claiming at age 62 can earn a maximum of $2,831 on April 9, 2025.
- Average payment: A 62-year-old retiree can, on average, expect to receive approximately $1,311** in June 2024 and $1,343** in 2025.
Maximum and Average Payouts at Age 70
- Maximum Amount: One claiming at age 70 can get up to $5,108 on April 9, 2025.
- Average Payouts: On average, a 70-year-old retiree can expect to receive $2,067 in June 2024 and $2,118 in 2025.
Why the Variation in Retirement Age and Payments?
Applying for Social Security at age 62 means a lower payment, since the SSA starts payments prior to an individual’s full retirement age. Those who apply at age 70, however, get the highest benefit.
In 2025, Social Security benefits are higher because inflation rises (COLA – Cost of Living Adjustment). So your payment in 2025 will be more than in 2024.
Conclusion
If you would like to draw Social Security, your retirement can make a huge difference in the amount of money you get per month. Collecting at 62 lowers your monthly payments, but waiting until age 70 can provide you with the greatest benefits.
Individuals who wish to get paid on April 9, 2025, need to abide by SSA’s guidelines and ensure their birth date is between the 1st and 10th of April. Payments could be obtained on April 16 or 23 otherwise.
FAQs
Q1. Who will receive the Social Security payment on April 9, 2025?
Retirees who started receiving Social Security after April 30, 1997, are not on Supplemental Security Income (SSI), and have a birth date between the 1st and 10th of any month.
Q2. How much can a 62-year-old retiree receive on April 9?
A 62-year-old retiree can receive up to $2,831 in maximum benefits, while the average payment is around $1,343 in 2025.
Q3. What is the maximum benefit for a 70-year-old retiree?
A 70-year-old retiree can receive up to $5,108, with an average payment of $2,118 in 2025.
Q4. What happens if my birth date is between the 11th and 31st?
If your birthday falls between the 11th and 20th, your payment will be deposited on April 16. If born between 21st and 31st, you will receive it on April 23.
Q5. Why do 70-year-old retirees receive higher benefits than 62-year-olds?
Filing at 62 results in a 30% reduction in benefits, while waiting until 70 allows retirees to receive the maximum possible Social Security payments.