The Social Security Administration (SSA) has confirmed that retirees will receive their retirement benefit payment on April 9, 2025. This payment, which can be received as a direct deposit or check, will be available to those who meet the SSA’s eligibility requirements, regardless of their age.
This article specifically focuses on the maximum Social Security benefits and average payments for retirees who are 62 and 70 years old. It will highlight the differences in benefits for those who file early versus those who file late.
How Can Retirees Receive the Social Security Payment on April 9?
To qualify for the retirement benefit payment on April 9, the following conditions must be met:
- You started receiving Social Security after April 30, 1997.
- You are not receiving Supplemental Security Income (SSI).
- You continue to be eligible and have not violated any SSA rules.
- Your birthday falls between the 1st and the 10th of any month.
For those aged 62 or 70, meeting these requirements ensures that they receive the April 9 payment. However, if your birthdate falls outside this range, your payment might be delayed:
- If your birthday is between the 11th and the 20th, your payment will be on April 16.
- If your birthday is between the 21st and the 31st, your payment will be on April 23.
Maximum Social Security Benefits at Ages 62 and 70 on April 9, 2025
The amount a retiree can receive from Social Security varies depending on the age at which they file for benefits.
Social Security at Age 62
When filing at 62, retirees can start receiving Social Security early, but they face a 30% reduction in their monthly payment. This decrease is significant but allows retirees to begin receiving their benefits earlier.
- The maximum payment for a 62-year-old filer is $2,831 on April 9, 2025.
Social Security at Age 70
Filing at 70 maximizes the amount retirees can receive each month, without any reductions. By waiting until this age, retirees benefit from increased monthly payments.
- The maximum payment for a 70-year-old filer is $5,108 on April 9, 2025.
This difference highlights the substantial advantage of delaying retirement for higher earners.
Average Social Security Payments for 62 & 70-Year-Olds
On average, 62-year-olds can expect to receive around $1,311 in June 2024, and $1,343 in 2025. For those who wait until age 70, the average payment will be $2,067 in June 2024 and $2,118 in 2025.
The increase in payments for 2025 is largely due to the Cost-of-Living Adjustment (COLA), which has resulted in a boost to Social Security benefits.
Social Security Payments at Ages 62 and 70 for 2024 and 2025
| Age | Monthly Payment (2024) | Monthly Payment (2025) | Maximum Payment (2025) |
|---|---|---|---|
| 62 | $1,311 | $1,343 | $2,831 |
| 70 | $2,067 | $2,118 | $5,108 |
The April 9, 2025 Social Security retirement payments will significantly differ based on the age of filing. Retirees who file at age 70 stand to receive much higher monthly payments, thanks to the delay in filing, which maximizes benefits. On the other hand, those who file at age 62 will face a 30% reduction, but they can begin receiving their payments sooner.
The Cost-of-Living Adjustment (COLA) in 2025 has increased the monthly payment amounts for retirees. Whether you are receiving Social Security at 62 or 70, it’s important to consider the impact of early versus late filing and how it affects your benefits.
FAQs
What is the maximum Social Security payment for a 62-year-old retiree in April 2025?
The maximum payment for a 62-year-old retiree is $2,831 on April 9, 2025.
What is the maximum Social Security payment for a 70-year-old retiree in April 2025?
A 70-year-old retiree can receive $5,108 on April 9, 2025, as the maximum payment.
Why do Social Security payments increase in 2025?
The increase in 2025 Social Security payments is primarily due to the Cost-of-Living Adjustment (COLA).
When will retirees with birthdays after the 10th of the month receive their Social Security payments?
Retirees whose birthdays fall between the 11th and 20th of the month will receive their payment on April 16, and those born between the 21st and 31st will receive their payment on April 23.