The first round of February Social Security payments for retirees, now capped at $5,108, will be issued in 12 days.
When will payments arrive?
Retirees born on or before the 10th of a month will receive this payment on Feb. 11.
The second round will go out on Feb. 18 to those born between the 11th and 20th of a month, and the third round will follow on Feb. 25 to those born on or after the 21st of a month.
When am I eligible?
Citizens are eligible for Social Security payments beginning at 62 years old.
How can I maximize my check?
Social Security payment amounts are determined by several factors, including age of retirement, the amount paid into Social Security, and the number of years paid into Social Security.
Payments largely depend on a recipient’s retirement age. A beneficiary retiring at the youngest age, 62, could receive up to $2,831 per month, while a 70-year-old retiree could receive up to $5,108 per month, according to the Social Security Administration…