Final March Social Security Payments Disbursed April 1

The final round of March Social Security payments, up to $5,108 for those retiring at age 70, will be distributed shortly, with retirees born on or after the 21st receiving payments on March 26. Payments are scheduled based on birth dates, starting from the second Wednesday of each month, and eligibility for Social Security begins at age 62, with benefits varying based on retirement age and contributions. Analysts warn that without Congressional action, Social Security payments could decline as early as 2034 due to demographic shifts. Additionally, the April Supplemental Security Income payments, which support individuals with disabilities, will be distributed on April 1, with amounts dependent on filing status. The maximum SSI payment is $967 for individuals and $1,450 for couples, reflecting a recent 2.5% increase due to inflation. Understanding these payment schedules and eligibility criteria is crucial for financial planning among retirees and those relying on Social Security benefits.