A $1,622 Social Security payment is on the way for eligible 65-year-olds. With the rising cost of living, Social Security remains a crucial source of income for many retirees.
Understanding eligibility requirements, payment schedules, and ways to maximize benefits can help you secure a more comfortable retirement. If you’re turning 65 soon, now is the time to check your eligibility and plan accordingly.
Payment
The average Social Security payment for 65-year-olds in 2025 is $1,622 per month, though individual amounts may vary based on earnings history and retirement age.
This payment includes the 2.5% Cost-of-Living Adjustment (COLA) for 2025, which helps counteract inflation.
Schedule
Social Security payments follow a set schedule based on birth dates:
| Birth Date Range | Payment Date (Each Month) |
|---|---|
| 1st – 10th | Second Wednesday |
| 11th – 20th | Third Wednesday |
| 21st – 31st | Fourth Wednesday |
For example, if your birthday falls between the 1st and 10th, you will receive your payment on the second Wednesday of the month.
Example Payment Dates for January 2025:
- January 8 – For those born 1st – 10th
- January 15 – For those born 11th – 20th
- January 22 – For those born 21st – 31st
If you’ve signed up for direct deposit, your payment will be transferred to your bank account on the designated payment date.
Eligibility
To qualify for Social Security benefits at age 65, you must meet the following criteria:
- Work Credits: You need at least 40 work credits, which is roughly 10 years of work under Social Security-covered employment.
- Age Requirement: While you can claim benefits as early as 62, doing so reduces your monthly payment. Full Retirement Age (FRA) is 67 for those born in 1960 or later.
- Legal Residency: You must be a U.S. citizen or legal resident.
- Spousal or Survivor Benefits: Spouses and survivors may qualify for benefits based on their partner’s work record.
If you’re unsure about your eligibility, you can check your status online through the my Social Security account portal at SSA.gov.
Application
To apply for Social Security benefits, follow these steps:
- Create a Social Security Account – Sign up at SSA.gov to manage your benefits.
- Gather Required Documents – You’ll need:
- Birth certificate
- Social Security card
- W-2 forms or self-employment tax returns
- Apply Online, by Phone, or In-Person – The fastest way is to apply online, but you can also visit a Social Security office or call the SSA helpline.
- Wait for Approval – Processing takes 6 to 12 weeks, so apply early.
Maximizing Benefits
To make the most of your Social Security payments, consider these strategies:
- Delay Your Claim – Every year you delay past FRA (up to age 70), your monthly payment increases by 8%.
- Work Longer – Since benefits are based on your 35 highest-earning years, working longer can help replace lower-earning years.
- Claim Spousal Benefits – If you’re married, you might qualify for up to 50% of your spouse’s benefit amount.
- Minimize Taxable Income – If your income exceeds $25,000 (single) or $32,000 (married), up to 85% of your Social Security benefits may be taxed.
Deductions
Your actual Social Security payment may be lower than $1,622 due to certain deductions:
| Deduction Type | Amount |
|---|---|
| Medicare Part B Premiums | $174.70 (2025 standard rate) |
| Taxes | Up to 85% of benefits taxable if income exceeds limits |
| Overpayments | If SSA overpaid you in the past, deductions may apply |
Payment Status
If you haven’t received your Social Security payment, follow these steps:
- Check Your SSA Account – Visit SSA.gov to confirm your payment date.
- Verify Direct Deposit Info – Ensure your bank details are correct.
- Wait for Processing – Payments may be delayed due to holidays or system processing times.
- Contact the SSA – If your payment is missing, call 1-800-772-1213 for assistance.
If you’re eligible for the $1,622 Social Security payment, plan ahead to maximize your benefits and ensure a smooth retirement process.
