WOW, Good News! New $4,555 Checks For SSI, SSDI, Seniors & Social Security January 2023 Update
Get ready to get more money for yourself and your loved ones. we are going to give you some very important updates related to your SSI, SSDI, Senior, and Social Security benefits. At first, we are going to tell you about $914 as well as one $371 worth of SSI checks that are finally coming to millions of Americans.
Then we are going to tell you about SSI new 2023 payment schedule. After that, we are going to tell you about SSDI new 2023 payment schedule. And at the end, we are going to tell you about the three steps to claim $4,555 in Social Security, SSI, SSDI, and Senior benefits.
Let’s get into the details of $914 as well as one $371 worth of checks that are finally unreality. Yes, these checks are coming to millions of Americans, and we do have complete details for you in this very important video. So remember that the maximum federal Supplemental Security Income benefit for this year is $914 per month for individuals and $1,371 for couples, the agency said in a statement. Though payments can be higher since some states kick in extra.
If you would like to know about those extra supplemental payments that your state is giving. Individuals with disabilities receiving Supplemental Security Income and other Social Security benefits are seeing the largest rise in their monthly payments in decades. Make sure that you read this topic till the end, because we have very important details for you when it comes to your SSI, SSDI, Social Security, and Senior benefits. Now, let us tell you about the Supplemental Security Income 2023 payment schedule.
Are you ready? Well, the 2023 payment schedule for SSI is as follows december 30, 2022 because January 1 was a holiday, february 1, March 1, March 31, May 1, June 1, June 30, August 1, September 1, September 29, November 1, December 1, and December the 29th. If you have any questions related to these dates, please let us know in the comments below. Next, we are going to tell you about the SSDI 2023 payment schedule. Yes, are you ready?
Let’s get into the details. The payment schedule is as follows for 2023 January 3, February 3, March 3, April 3, May 3, June 2, July 3, August 3, September 1, October 3, November 3, and December the first. Remember, if you have any questions related to this SSDI 2023 payment schedule, then please let us know in the comments below. Well, moving on. And it’s time to tell you about the three steps to claim maximum $4,555 worth of Social Security SSI SSDI disability as well as senior benefits.
Moving on the first one is to work for at least 35 years to calculate your benefit amount. The Social Security Administration takes an average of your earnings over the 35 years of your career that you earn the most money. The number is then run through a complex formula to account for inflation and the result is your primary insurance amount, also known as PIA. If you begin claiming benefits before you have worked 35 full years, you’ll have zero added to your average to account for the time you are not working, which will result in a lower PIA. To earn the maximum $4,555 monthly payments, then you will need to work for at least 35 years before you start taking benefits.
What about the second step? The second step is to wait until the age 70 to file for benefits. Your PIA is the amount you will receive if you begin claiming at your full retirement age, also known as FRA. This figure will depend on your birth year, but everyone’s FRA will fall between the ages of 66 and 67. The earlier you begin claiming, the less you will receive each month.
But if you delay claiming benefits until after your FRA up age 70, you’ll receive your full PIA plus a bonus of up to 32% per month. Even if you meet all the other requirements for the max Social Security benefits. If you file at age 62, the most you could receive is $2,572 per month claim at age 65 and the maximum benefit increased to 3279. At age 70, you will be eligible for the full $4,555 per month. Now, what about the third step?
The third step is to consistently reach the wage cap. In general, the higher your income, the more you will qualify for in benefits. However, only income to a certain limit is subject to Social Security taxes. Once you surpass this limit, you will not pay additional taxes and your future benefit amount will not increase. This limit changes from year to year to account for inflation, but in 2023 it is $160,200 per month.
Any income you earn up to this limit will result in a larger benefit amount. To earn the max $4555 per month, you will need to be consistently reaching the wage cap throughout your career. Again, this limit has shifted significantly over the decades, so you don’t necessarily have to earn six figures yearly during your entire career. For context 35 years ago in 1988 the wage cap was $45,000 per year. Now there is a big question and we would like to ask you this question.
Do you support this $2,000 monthly stimulus check for every adult and $1,000 for every dependent until this inflation ends as a number of lawmakers and Senators are now pushing for it. And if you receive SSI SSD as Social Security and senior benefits, then how much raise you would like to see in your monthly benefits? It should be $200, $300, $400 or $500. Please let us know in the comments below. What do you think about it and what is your opinion about it?
We will see you on the next topic very soon. Till then, please take care and have a nice day.
