Social Security Alert: 65-Year-Olds to Receive $1,622 Checks Starting February 2025!

The Social Security retirement benefit application you filed when you turned 65 will result in payments arriving in February 2025. All payments sent in January through direct deposit have been completed. On February 3 the Social Security Administration will start processing payments to eligible citizens age 65 or older and retirees.

Eligibility to receive payment

You must meet one of two major conditions to receive this payment:

Being on Social Security as well as SSI (Supplemental Security Income).
Being started receiving payments before May 1997.

Your payment will depend on your work and earnings history. But on average, the amount will be about $1,622 for 65-year-old citizens.

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Social Security payment in February 2025

The first payment will be made on February 3. After this, some more eligible citizens will receive payments on February 12, 2025. But note that if you got a payment on February 3, you won’t get one on February 12.

The payment schedule is as follows:

People born before the 10th: You will get a payment on February 12 if you started taking benefits after April 30, 1997.
People born between the 10th and the 20th: Your payment will be in your bank account on the third Wednesday of February, i.e., February 19, 2025
People born after the 20th: Your payment will be on February 26, 2025.

Will February include the COLA increase?

Every Social Security direct payment collected in February 2025 will integrate the 2.5% rise from the 2025 COLA (Cost of Living Adjustment). The upcoming increase exceeds last year’s level by 2.5%. Collections for this period will produce slightly elevated payments than what you received in 2024.

The projected COLA for 2026 shows little hope due to diminishing expectations. The Senior Citizens League projects an upcoming 2.1% COLA increase for 2026 according to their research reports. Data points toward a gradual decrease of inflation, although retirees will see lower increases than forecasted.

Is it worth waiting until age 70?

If you are 65 years old and have not yet applied for retirement benefits, it is important to know that if you delay it until age 70, you will get an additional 24% in benefits per month. However, applying at full retirement age is the best way to receive 100% of all your benefits.

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Conclusion

The 2025 February Social Security payment schedule marks a significant milestone for elderly citizens who will reach age 65. Find out if you qualify fully for the benefits and monitor when your payments will arrive. The additional payment with COLA provides you necessary inflation-related relief.

To enhance your retirement preparation, stick to the right application moment based on your present age and financial requirements.

FAQs

Q. Who qualifies for the $1,622 Social Security payment in February 2025?

A. 65-year-olds who have already filed for Social Security and meet specific criteria, such as being on SSI or receiving payments since before May 1997.