Finance
Social Security to Deliver $1,980 Direct Deposits for Retirees Aged 62-70 on April 9
Social Security to Deliver $1,980 Direct Deposits: The Social Security Administration (SSA) in the US has confirmed that retirees will receive their retirement benefit payments on April 9, 2025. This payment can be received via direct deposit or check, provided beneficiaries meet the SSA’s eligibility conditions.
This article will discuss the Social Security benefits and average payments received at age 62 and 70, as well as how much is received and what the impact is if you file early or late.
How to get Social Security payment on April 9?
If a retiree wants to receive Social Security payment on April 9, 2025, he or she must meet the following conditions:
- You must have started receiving Social Security after April 30, 1997.
- You must not be receiving Supplemental Security Income (SSI).
- Your eligibility must still be ongoing and you must not have violated SSA rules.
- You were born between the 1st and 10th of any month.
Won’t get your payment on April 9?
If you were born on or after the 11th, your Social Security payment date will be different:
- Born between the 11th and 20th – Payment will be on April 16, 2025.
- Born between the 21st and 31st – Payment will be on April 23, 2025.
Maximum Social Security payments at age 62 and 70
The amount received from Social Security depends on the age at which a person applies for retirement benefits.
Social Security payments at age 62
If a person begins taking Social Security benefits at age 62, they will receive 30% less than the full benefit amount. However, this gives them the opportunity to receive payments early.
- Maximum payment at age 62: $2,831 (as of April 9, 2025)
Social Security payments at age 70
If a person waits until age 70, he or she receives the full Social Security benefit, without any reductions. Late filing results in a higher monthly payment.
- Maximum payment at age 70: $5,108 (as of April 9, 2025)
This makes it clear that the later you file, the higher the benefit.
Average Social Security payments at ages 62 and 70
The amount of Social Security each person receives depends on his or her earnings and contributions, but based on average figures, the following payments are estimated:
| Age | Average Monthly Payment (2024) | Average Monthly Payment (2025) | Maximum Payment (2025) |
|---|---|---|---|
| 62 years | $1,311 | $1,343 | $2,831 |
| 70 years | $2,067 | $2,118 | $5,108 |
Social Security payments in 2025 have been increased due to the Cost-of-Living Adjustment (COLA), so beneficiaries will receive a higher payment than before.
Impact of filing Social Security early and late
The amount of Social Security payment you will receive on April 9, 2025 depends on the individual’s filing age.
- If you file at age 62, you will receive benefits early, but your monthly amount will be reduced by 30%.
- If you wait until age 70, your monthly amount will increase to the maximum level.
Conclusion
Social Security payments will be available on April 9, 2025 to those born between 1 and 10 and who meet the SSA eligibility criteria. The amount of the payment will depend on whether the individual filed at age 62 or waited until age 70.
If you file early, you will receive 30% less amount, while waiting until age 70 will provide the maximum benefit. Therefore, before filing for Social Security, it is important to understand how this decision will affect your financial planning.
FAQs On Social Security to Deliver $1,980 Direct Deposits
Q. Who will receive a Social Security payment on April 9, 2025?
A. Anyone born between the 1st and 10th of any month and who meets SSA eligibility requirements will receive a payment on April 9.
Q. How is the amount of a Social Security payment determined?
A. The amount of a Social Security payment depends on a person’s lifetime earnings, filing age, and the Cost-of-Living Adjustment (COLA).
Q. Will Social Security payments increase in 2025?
A. Yes, Social Security payments will be increased in 2025 due to the COLA increase.
