As the cost of living continues to rise, millions of retirees rely on Social Security payments for a vital source of income. With an upcoming payment date, many are wondering how much they’ll receive and whether they qualify.
The Social Security Administration distributes benefits on a staggered schedule based on a retiree’s birthdate and year they started receiving benefits. This approach helps reduce processing bottlenecks. Group 3 beneficiaries will receive their payment on April 16, but not everyone falls into this category.
To be eligible for the April 16 payment, individuals must meet two key criteria: their retirement benefits started after May 1997 and their birthday falls between the 11th and 20th of any month. Those who don’t meet these conditions will receive their deposit on a different date.
The SSA’s payment schedule is fixed once assigned, so understanding which group you belong to is crucial for planning your finances in retirement. The maximum monthly Social Security benefit in 2025 is $5,108, but this requires a lifetime of high earnings and delaying benefits until age 70. Most beneficiaries receive less than the maximum amount, depending on their personal earnings history and filing age.
Source: https://www.tododisca.com/en/social-security-payment-on-april-16-who-gets-it-and-whats-the-maximum-you-could-receive-in-2025