One of the major goals of many United States citizens is to obtain a large monthly payment from the Social Security Administration as soon as possible. And for this it is not enough just to reach a certain age, but it is also necessary to meet other conditions. If we do not meet all the mandatory conditions, it will not be possible to get this monthly check.
Even so, it is true that these conditions are totally plausible, so United States citizens can reach the conditions required by the Social Security Administration just by having led a normal life. In any case, we must take into account all the elements that make up the retirement payment, since we could have a check but it could be too small.
Minimum Requirements for a Social Security Administration check
Reaching a payment from the Social Security Administration is possible by fulfilling the mandatory conditions. However, it is true that meeting the minimum requirements does not determine whether or not we will get the largest monthly benefit that the SSA can offer. In fact, we may find that the opposite is true, since in these cases the check is usually small.
The minimum requirements to obtain an age retirement payment from the Social Security Administration are:
- Earn 40 work credits. This implies having worked for at least 10 years.
- Be 62 years of age.
Without reaching that age it is only possible to have a Disability check. And even then, it is also necessary to have certain work credits in the years prior to the disability. A different case is having a disability from birth. The Social Security Administration studies each case individually.
Be that as it may, we should keep in mind that reaching age 62 with 40 work credits will not give us too big a retirement check. So it is best to maximize the payment within our means.
Maximum Social Security Administration Payments in September 2024
This September 2024 the Social Security Administration has a maximum payment for each category of retiree. If you have already obtained your retirement it is not possible to increase the payment, but if you have not yet requested monthly check it is useful to know what is the maximum amount you can get:
- Age 62 (Early Retirement Age): $2,710 per month.
- Age 67 (Full Retirement Age): $3,822 per month.
- Age 70: $4,873 per month.
- Social Security Disability: $3,822.
Remember that to achieve a good retirement check it is necessary to retire the later the better, as well as to work a total of 35 years with a high salary. Only then will we be able to enjoy a good monthly retirement with a large check from the Social Security Administration.
