The third round of Social Security payments for the month of January is the last for beneficiaries who enjoy their retirements (sharing the date with recipients of SSDI disability benefits). Some retirees who meet three basic requirements can receive up to $5,108 this month, the maximum limit approved by the Social Security Administration (SSA) after the application of this year’s 2.5% cost of living increase (COLA).
That said, it is worth mentioning that beneficiaries are grouped into three groups: those who pay between the 1st and 10th of each month receive their payments on the second Wednesday; those who turn between 11 and 20 receive their deposits or paper checks on the third Wednesday; Finally, those who pay between the 21st and the 31st of any month will receive their payments on the fourth Wednesday.
The last Social Security payment of the month is about to arrive
As we said, the second Wednesday, January 8, was the payment date for the beneficiaries of the first group, while January 15 was the payment date for the second group. The third group is now waiting for their payments, and they are already very anxious because we are a couple of days away from the money hitting their bank accounts: it will be Wednesday, January 22.
The amount beneficiaries receive in the program is influenced by the time of retirement, the amount contributed to Social Security, and the years they have made contributions to the program.
Additionally, payments are significantly affected by the age at which beneficiaries decide to retire. Retiring at the minimum age of 62 can offer up to $2,831 a month, while postponing retirement until age 70 could result in a sum of up to $5,108 a month, according to the Social Security Administration.
To qualify for the maximum Social Security benefit of $5,108 in 2025, individuals must meet specific criteria related to their earnings history and retirement age. First, they must have worked and paid into the Social Security system for a sufficient number of years, generally at least 40 quarters (or 10 years) of work.
Additionally, the maximum benefit is available to those who decide to retire at the full retirement age, which is currently 67 for individuals born in 1960 or later. If someone chooses to retire at an earlier age, such as 62, their monthly benefit amount will be reduced.
Moreover, the amount received can also depend on a person’s earnings during their working years, as higher lifetime earnings typically result in a higher benefit calculation.
Now anticipating February payments: these are the dates
Social Security payments during the month of February 2025 are scheduled based on retirees’ birthdates. On the second Wednesday of the month, February 12, beneficiaries born between the 1st and 10th will receive their payments.
On the third Wednesday, February 19, deposits will be made for those retirees who were born between the 11th and 20th of the month. Finally, on the fourth Wednesday, February 26, retirees born on or after the 21st will receive their payments.
