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Social Security update: November’s first payments worth ,873 due in four days
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Social Security update: November’s first payments worth $4,873 due in four days

Here’s everything you need to know about this month’s Social Security payments.

When will the check arrive?

Social Security payments are usually to start The following waves appear on the second Wednesday of every month and in the following weeks. The distribution of payments depends on what day of the month the retiree was born.

Retirees born between the 1st and 10th of the month will receive their payments on November 13. Beneficiaries born between the 11th and 20th of the month will receive their checks on November 20, and retirees born on the 21st and later will receive their checks. They will receive their payments on November 27th.

How can I maximize my footage?

Beneficiaries receive different amounts depending on the amount they paid into Social Security during their working lives and the number of years they paid into Social Security when they retired.

Payments are still largely tied to recipients’ retirement age. According to the SSA, retiring at the youngest age (62) allows up to $2,710 per month, while delaying retirement until age 70 can allow up to $4,873 per month.

Beneficiaries can see a personalized estimate of how much they can expect each month from beginning to end SSA’s calculator.

When am I available?

Eligibility for Social Security payments begins at age 62.

CLICK HERE FOR MORE FROM THE WASHINGTON EXAMINER

How is it financed?

Social Security is funded by payroll taxes paid by both employers and employees.

Unless Congress acts to prevent this, Social Security payment amounts will shrink. Analysts to guess SSA will no longer be able to pay recipients in full as early as 2034 due to increasing retirees and decreasing worker volume.