$4873 Social Security payment: How to receive payment?Updated a month ago
The $4,873 Social Security payment refers to the maximum monthly benefit retirees can receive in 2024. This benefit is designed to support retired workers who have contributed significantly to the Social Security system over their working years.
Qualification Criteria
To qualify for the maximum Social Security payment of $4,873 per month, individuals must meet the following criteria:
- Have earned the maximum taxable earnings for at least 35 years.
- Delay claiming Social Security benefits until age 70 to receive the highest payout.
- Be a U.S. citizen or legal resident with a valid Social Security Number (SSN).
- Have paid Social Security taxes through payroll deductions or self-employment taxes.
Application Process
Applying for Social Security benefits involves these steps:
- Check Eligibility – Review earnings history and retirement age requirements on the Social Security Administration (SSA) website.
- Complete the Application – Apply online, by phone, or in person at a local SSA office.
- Submit Required Documents – Ensure all necessary documents are provided to prevent delays.
- Await Approval and Payment – Once approved, benefits are disbursed via direct deposit or check.
Where to Apply
- Online: Visit the Social Security Administration website to apply.
- By Phone: Call the SSA at 1-800-772-1213 for assistance.
- In-Person: Visit a local SSA office to apply directly.
Required Documents
Applicants may need to provide the following:
- Social Security Number (SSN) or proof of legal residency.
- Birth certificate or other proof of age.
- Tax records and earnings history (W-2 or self-employment tax returns).
- Banking details for direct deposit setup.
Conclusion
The $4,873 Social Security payment is available to individuals who have maximized their earnings and delayed retirement until age 70. By ensuring eligibility, submitting a complete application, and providing the necessary documents, retirees can secure their full benefits.