Write these dates down if you want to know when the money will come in April 2025. When you start getting benefits from Social Security and your birthday determine your schedule. The third payment is due on April 3, and the next three are due on the second, third, and fourth Wednesday of each month.
People who began collecting before May 1997 can use April 3. If you are in this group, the deposit is due on Thursday without any problems. Your date is April 9 (the second Wednesday of the month) if you were born between January 1 and October 10 of any month and started getting paid after April 1997.
There is a change for people whose birthdays are between November 11 and April 20. Their birthday would have been on April 16, but that is a holiday in Washington, D.C., so the payment is moved up to April 15.
Also, if your birthday is between April 21 and April 31, you get paid on April 23 (the fourth Wednesday). You might want to switch to direct deposit because the money will be in your account the same day. If you use the Social Security prepaid card, the money will be loaded automatically.
How much could you receive? Age makes a difference in Social Security benefits
Not one number is made up by the SSA. They figure out your benefit by looking at the 35 years when you made the most money (adjusted for inflation). The most you can get is the amount of Social Security income that is taxed each year for thirty-five years. It is hard, but that is how the system works.
Now here’s the important part: the age at which you decide to start collecting changes everything. If you begin at age 62, you will get 30% less than if you wait until your FRA, which for most people is 67. In that place, you get all of your profit. If you live until 70, though, the SSA gives you an extra 24% over 67. About these numbers for the year 2025:
- Maximum of $2,831 to those who retired at 62.
- Maximum of $4,018 to those who retired at 67.
- Maximum of $5,108 to those who retired at 70.
Note, though, that those numbers are the highest possible amounts. What you get will depend on how much money you have made in the past. Even though not everyone gets to these levels, they can be used as a guide.
On its website (ssa.gov), the SSA has tools that can be used to figure out benefits. In real life, though, the hack is making an account on “My Social Security.” There, you can see estimates that are specific to you and your income.
It tells you things like, “If I work until I am X years old, I will get Y per month.” It does not cost anything, is safe, and only takes ten minutes. Why would you use it? Since using real data to plan keeps you from being surprised in the future.
What is FRA, and how does it affect how much you receive from Social Security?
Full Retirement Age is what FRA stands for. It is 67 years for most people born after 1960. It might be a little earlier (66 or 66 and months) if you were born earlier.
At this point, the SSA gives you the full amount that it calculated based on your contributions. The amount goes down if you collect earlier, and it goes up if you wait longer.
This is not a hard and fast rule, though. You can take the money at age 62 if you need it, even if it is less. If you are healthy and want to make the most money, it makes sense to wait until you are 70. The important thing is to realize that there is no one right answer; it depends on your situation.
